Topic: Is there still hope for the price of BTC to hit back $69k this year? - page 7. (Read 1415 times)
September 07, 2023, 03:16:04 PM
It’s too early for Bitcoin to hit new highs. I would expect that this won’t happen before the halving regardless of what desperate companies try to tell you with $100 bets and podcast posturing… There’s still plenty of time before we’re back above $69K, but I do believe we’ll be headed that direction by the end of the year.
September 07, 2023, 03:12:21 PM
One more thing, if you look at the current economic situation, inflation can return at any time so it is unrealistic to expect bitcoin to return to $69k this year. While we always comfort and encourage each other to buy as much as possible every time bitcoin drops in price, I don't think many people buy bitcoin because inflation is draining us economically. Therefore, expecting large buys over the past year to pull the market up is an impossible task.
I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.
I think the same, if the price of bitcoin reached 40k or 50k I will be suspicious about it as that is too close to the all time high already, in order for this to happen then something huge must happen that forces people to adopt bitcoin and make its price to go up thanks to an increased demand, after all if bitcoin ended up reaching those prices now then the bull run will probably end up being way bigger than our current expectations, not that it would bother me but I simply do not see it right now. I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.
September 07, 2023, 04:47:00 AM
I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.
Technically, it's not possible for the price of Bitcoin to hit that mark within this year since we know how unpredictable the market is and if people and institutions start buying all of a sudden, we might see the bull run starting very soon. However, if we see logically, it sounds unrealistic for Bitcoin to reach $69k only within this year when we only have 3 months left for the year to end and Bitcoin is still around $26k and it will need to go up by $43k in 3 months to reach that mark.I'll be more than happy if Bitcoin even manages to hit $40k this year which doesn't look like happening anytime soon considering how weak the market is looking at the moment. A quick pump is only possible if all of a sudden a couple of good news hit the market and people become more confident and start buying instead of panic selling.
One more thing, if you look at the current economic situation, inflation can return at any time so it is unrealistic to expect bitcoin to return to $69k this year. While we always comfort and encourage each other to buy as much as possible every time bitcoin drops in price, I don't think many people buy bitcoin because inflation is draining us economically. Therefore, expecting large buys over the past year to pull the market up is an impossible task.
I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.
September 07, 2023, 03:34:01 AM
I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.
Technically, it's not possible for the price of Bitcoin to hit that mark within this year since we know how unpredictable the market is and if people and institutions start buying all of a sudden, we might see the bull run starting very soon. However, if we see logically, it sounds unrealistic for Bitcoin to reach $69k only within this year when we only have 3 months left for the year to end and Bitcoin is still around $26k and it will need to go up by $43k in 3 months to reach that mark.I'll be more than happy if Bitcoin even manages to hit $40k this year which doesn't look like happening anytime soon considering how weak the market is looking at the moment. A quick pump is only possible if all of a sudden a couple of good news hit the market and people become more confident and start buying instead of panic selling.
September 06, 2023, 09:07:56 PM
I dont think we are gonna see btc hit back 70K or hit new ATH this year my best guess is that would touch 40K is top or sideaway in 30K unless there is super good news that happen like US start legalized crypto as everyday payment like Elsavador did 
September 02, 2023, 11:28:39 PM
It is good to have huge expectations about price but we should be realistic in doing that. Checking the historical data of Bitcoin, you will notice that for any new ATH, there must be something to propel it, one of those being halving. The halving is billed for next year so, since no major event this year, I wouldn't expect to see such huge prices yet.
However, anything is possible considering the developments in the world. Some countries might just resort to using Bitcoin to avoid the political uncertainty in the world and this is enough to propel price upward.
However, anything is possible considering the developments in the world. Some countries might just resort to using Bitcoin to avoid the political uncertainty in the world and this is enough to propel price upward.
September 02, 2023, 03:58:12 PM
~Snip
I've seen speculation and predictions from one source, which I think may be fairly accurate from year to year, where they mention speculation for Bitcoin in 2023 not moving beyond $30k, game around $25k to $30k, they say something new will happen to the development of Bitcoin in 2024, that's speculation they are monitoring, we'll see what the next direction will be, hopefully it will be better in the future.
September 02, 2023, 09:10:22 AM
I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community.
August 2023 is over, the crypto market especially Bitcoin is getting worse, let alone $69k, reaching $30k is very difficult in August for various reasons, it seems you have to be patient in the current crypto market situation to reach the $69k level, maybe not now.I've seen speculation and predictions from one source, which I think may be fairly accurate from year to year, where they mention speculation for Bitcoin in 2023 not moving beyond $30k, game around $25k to $30k, they say something new will happen to the development of Bitcoin in 2024, that's speculation they are monitoring, we'll see what the next direction will be, hopefully it will be better in the future.
September 02, 2023, 07:49:19 AM
Even if we had more time, that would be unlikely. Because if you look back in history and believe in a 4-year market cycle, that won't happen this year. Moreover, the world economic situation is very bad and it negatively affects all aspects of our finances, people are struggling with daily life, don't expect people to invest at this time. Unless we have huge news that could help bitcoin hit $69k this year. Also, don't set such high expectations.
If we look at the history of the market cycle for every four years. So the price increase will start next year not this year because the all-time high increase has occurred in 2021 and this year clearly has not reached a four year cycle as has happened in history so we need to expect it starting next year even though not immediately for $69k. But at least you can see better price improvements next year by not ignoring global economic conditions too, because there is an impact that when economic conditions become increasingly difficult in life, there will not be many people who are able to invest in anything. 
September 02, 2023, 07:20:10 AM
This year it is almost impossible to be honest. Moreover many have predicted that Bitcoins will reach the new ATH price in 2024, as Bitcoins have always followed the 4-year price cycle and 2024 is the 4th cycle. So don’t keep any hope from 2023. In the meantime just accumulate as many Bitcoins as you can in this low price. Once Bitcoins reaches the early 2024, it will grow up and won’t stop. So act wisely and quickly.
September 01, 2023, 09:58:11 AM
Bitcoin will always make the move to rally round the bull market and increases in value, no matter how it go dip, there's always a confidence in its ability to rise back, what we may see this year is something close to $68,000 by the end of the year and if we aren't that close to such, there's more chances that we are likely going to experience upto $50,000 then maybe next year before the halving gets to $68,00 in view which will then mark the beginning of a bullrun.
August 28, 2023, 08:38:21 AM
I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.
August 28, 2023, 12:57:07 AM
Quote from: mich
And the founder Nicholas Merten is saying things will get much worse for Bitcoin and we will tumble further then at this moment. I really hope he is wrong on his prediction.
I think is a wrong prediction because if the price of BTC go down more than $20k this year,it will be difficult for holders to breath well because many are waiting for the price to go higher before the end of November so that they can sell to start buying Christmas and new year things. this prediction will not stand because the price of BTC is still standing in $26k which the price can still move to reach higher in a way people will believe that the price will reach $50k next month.
August 27, 2023, 06:59:22 PM
I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community. But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?
Review the market price of Bitcoin, analyze the market, check the Bitcoin timeline, and check for catalysts. I mean for sure it is realistic for the market price of Bitcoin to reach or surpass 69k$ for sure just because of the Bitcoin adaption which is huge compared to the past year I could easily bet that the all-time high is going to be higher or probably 2x or 3x realistically. The market has its cycle so you could easily expect that price again in the Bullrun.
I just dont think that it is going to happen this year probably we can expect the market price to increase at the end of the year just because we are already getting near the Bitcoin halving and most of the time it's probably going to pump the market end the end of the year until march next year if you're going to check the bitcoin halving in the past years you could easily see that the market price pumps after the bitcoin halving and before. In my opinion, the bull run is going to happen after 2 years, probably in the end of 2024 or 2025.
August 27, 2023, 02:05:15 PM
Well that would be nice for us to see BTC price to recover back to the all time high in the next 4 months in the year. But I think we maybe will see some more losses and not much gains.
There is a channel I follow called DataDash. And the founder Nicholas Merten is saying things will get much worse for Bitcoin and we will tumble further then at this moment. I really hope he is wrong on his prediction.
Maybe you are right with that because lately it is said that the founder of Ethereum (Vitalik) have transferred a big amount of ETH on some exchange and is planning to sell it. I guess that can crash this market once again. Other than that, I have read a couple of bad news earlier about cryptos.There is a channel I follow called DataDash. And the founder Nicholas Merten is saying things will get much worse for Bitcoin and we will tumble further then at this moment. I really hope he is wrong on his prediction.
For now the price of BTC have risen a little. It is now on $26k from the former $25k but we or others who are not aware yet should not celebrate for the reason that we talked about earlier. Don't worry mate because if not from this year, we will surely recover to $69k next year or two. I'm sure about that because that is also what others are thinking.
August 27, 2023, 11:34:55 AM
The price is likely to return to the 69000 level in 2024 or early 2025. A halving of bitcoin will occur in April 2024, and it is unlikely that the manipulator will start raising the price before halving. We can expect a sharp price drop this year or early next year, followed by a rapid price increase. Not all coins are out of weak hands yet
August 27, 2023, 10:40:22 AM
Even if we had more time, that would be unlikely. Because if you look back in history and believe in a 4-year market cycle, that won't happen this year. Moreover, the world economic situation is very bad and it negatively affects all aspects of our finances, people are struggling with daily life, don't expect people to invest at this time. Unless we have huge news that could help bitcoin hit $69k this year. Also, don't set such high expectations.
Agreed, there is no strong market news yet to take Bitcoin to its new ATH. The global economic slowdown is a major reason for the downtrend in the market. It is not really logical to think of investing when it is becoming difficult for people to meet their daily living expenses. The crypto market is also very connected to the traditional market, so it is natural that the impact of the economic downturn will also affect the price of Bitcoin. I don't think Bitcoin will even come close to the new ATH this year, it seems pretty much impossible. But we can think positive for the next year, maybe a new bull market can be prepared to start from next year. 
August 27, 2023, 09:59:48 AM
I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community.
You don't wish when talking of the price of bitcoin you just have to get your conclusion/speculations through after doing your technical or fundamental analysis, you don't base your investment on wishes. Even when analysis is done before giving speculations about the future price yet it doesn't work as speculated not to talk of a wish. Quote
But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?
August 27, 2023, 07:52:41 AM
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Indeed quite a challenging situation for newcomers but those who have been here for several years, they'll take it easy and remain calm. Though we don't have any clue what will happen next, somehow we believe that after the dump, pumps will come next. However, I didn't think that the price of Bitcoin would be able to reach $69k this year, surely not. But that can be possible during the bull season which is 2 years from now. Yes, this is the right time for investors, we can't just let this correction pass by without doing anything.If we still on the plan of buying Bitcoin and potential altcoins, we take this opportunity before the recovery.
Opportunity comes in every time but the ability for us (investors) to utilize the opportunities is where we are facing challenges because most people would see this as a trap why those who are afraid of losing their funds are somehow skeptical about the market that something very strange could likely happened to the market which might results in another huge dump in the market, whereas whenever the market turns green they all flood to start buying and holding whereby buying should be whenever the price reaches some certain low levels.
August 27, 2023, 07:42:14 AM
This is the most challenging time even investors should be at alert because you can't truly give accurate results on how the price of bitcoin should move, we know we reached ATH of $69k but can't be same as this year but what i believe is that we must witnessed another new price level that could be higher than the previous price, it may take months or the whole year possibly even next year as we may see it.
So anyone who really wants to take part in next year bull run or which is to come very soon should take advantage of the price now to hold more volume or some units of bitcoin in other not to missed the whole trends.
Indeed quite a challenging situation for newcomers but those who have been here for several years, they'll take it easy and remain calm. Though we don't have any clue what will happen next, somehow we believe that after the dump, pumps will come next. However, I didn't think that the price of Bitcoin would be able to reach $69k this year, surely not. But that can be possible during the bull season which is 2 years from now. So anyone who really wants to take part in next year bull run or which is to come very soon should take advantage of the price now to hold more volume or some units of bitcoin in other not to missed the whole trends.
Yes, this is the right time for investors, we can't just let this correction pass by without doing anything.If we still on the plan of buying Bitcoin and potential altcoins, we take this opportunity before the recovery.
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