Is there still hope for the price of BTC to hit back $69k this year? - page 8.

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Quote from: CageMabok on August 27, 2023, 04:14:06 AM

Quote from: kentrolla on August 27, 2023, 02:56:34 AM

It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

This year leaves just one more quarter or so for another four months and that is a very short time in my opinion to achieve a large increase in Bitcoin. And for the time example you said it was an example of a full year's duration so there were some significant increases seen, while this year there was so little time that it's likely not going to be enough if it's targeted at $69K from the $26K price that is currently still visible in the market.

So that kind of example is less worth mentioning now because market conditions and the influences that can bring change to the market are very different at this time, but I'm also still very happy to wait for the return of the bullrun in Bitcoin so that everyone can see higher prices again in Bitcoin even if not in this year.

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.

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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.

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Quote from: kentrolla on August 27, 2023, 02:56:34 AM

It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

This year leaves just one more quarter or so for another four months and that is a very short time in my opinion to achieve a large increase in Bitcoin. And for the time example you said it was an example of a full year's duration so there were some significant increases seen, while this year there was so little time that it's likely not going to be enough if it's targeted at $69K from the $26K price that is currently still visible in the market.

So that kind of example is less worth mentioning now because market conditions and the influences that can bring change to the market are very different at this time, but I'm also still very happy to wait for the return of the bullrun in Bitcoin so that everyone can see higher prices again in Bitcoin even if not in this year.

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It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

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Quote from: Fakhrulenclix on August 26, 2023, 05:12:34 AM

Quote from: fuguebtc on August 26, 2023, 04:18:22 AM

Quote from: RewFrew on August 25, 2023, 01:09:43 PM

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

Optimism is okay but it still has to be realistic, I think so too, it is almost impossible for us to be able to return to the peak of the Bitcoin price this year, from any perspective I think there is almost no hope for us to achieve that.
But talking about the 4 year cycle of Bitcoin, I really believe in that and the price of $69k is the ATH of Bitcoin in 2021, so I'm sure that for us to get back to that price and also higher then we have to wait 4 years after the ATh.

While bitcoin won't be able to hit $69k this year or there won't be a new ATH, we shouldn't give up at this point. We are more than 3/4 of the way through the bear cycle and there is only a short way to go before we can pass. There is no reason to give up at this point, I really hope those who are frustrated by bitcoin's failure to recover this year are also not discouraged at the moment. Remember that the longer the bear market becomes fierce, the stronger the bull season will be. We will see a super bull cycle in the next 1 or 2 years.

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Quote from: Zanab247 on August 22, 2023, 09:04:51 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. 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?

you have to read the writing that I quoted from an article.

Quote

The history of Bitcoin halvings has shown a pattern where before and after the halving, the price of Bitcoin tends to experience increased volatility. In the months before the halving, there may be increased interest from investors and traders seeking to capitalize on the potential price increases following the halving. This could result in a price increase leading up to the event.

in conclusion, usually FOMO will occur before the bitcoin halving, that's what investors do to seek profits in the hope that the bitcoin price will rise then they sell it slowly until the price drops again after the halving occurs. understanding the history of the bitcoin price is important so that you can draw a conclusion, but you need to be reminded that anything can happen to the bitcoin price, you must be prepared to buy or sell, set your target price.

Hypnosis00

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Judging from the current situation, it seems too hard to reach it. We're not even reaching half of $69k, and from $27k, it was too far to reach $69k in just 4 months unless there is a sudden change in the recovery speed. And besides, $69k is just like a bullish price of Bitcoin and sadly, we're not yet in that position, and even next year, that seems pretty hard. Maybe by 2025 as bull season comes but in this year, I couldn't think about it.
My prediction for Bitcoin this year is $35k - that was close to reality.

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Quote from: fuguebtc on August 26, 2023, 04:18:22 AM

Quote from: RewFrew on August 25, 2023, 01:09:43 PM

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

Optimism is okay but it still has to be realistic, I think so too, it is almost impossible for us to be able to return to the peak of the Bitcoin price this year, from any perspective I think there is almost no hope for us to achieve that.
But talking about the 4 year cycle of Bitcoin, I really believe in that and the price of $69k is the ATH of Bitcoin in 2021, so I'm sure that for us to get back to that price and also higher then we have to wait 4 years after the ATh.

fuguebtc

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Quote from: RewFrew on August 25, 2023, 01:09:43 PM

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

RewFrew

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We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

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Quote from: justdimin on August 25, 2023, 07:26:10 AM

Quote from: traderethereum on August 24, 2023, 08:11:44 AM

Quote from: WatChe on August 24, 2023, 06:32:55 AM

Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal.

I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier.

It's okay to have hope like that because at least that's what can keep us from being able to hold on to our bitcoins until they can reach that high price.
And with that hope, we will be enthusiastic to continue adding more bitcoins to get big profits in the future.
But we also have to be aware that holding bitcoins will not be easy because there will be a lot of negative news that will appear to scare weak investors into selling their bitcoins at a low price.
And those of us who have grown used to such news will not be swayed and will instead use the moment of the drop to buy more bitcoins.

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Quote from: traderethereum on August 24, 2023, 08:11:44 AM

Quote from: WatChe on August 24, 2023, 06:32:55 AM

Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal.

I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier.

traderethereum

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Quote from: WatChe on August 24, 2023, 11:12:17 AM

Quote from: traderethereum on August 24, 2023, 08:11:44 AM

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

All Bitcoin Hodlers want the price to go up but at the same time we need to be well aware of Bitcoin price volatility. I dont think current situation is much to worry about, its just a normal correction after a stability at 30k$. Such corrections are beneficial in a sense as they test the nerves of HODLers and made them more strong. For long term investor one need to be able to withstand such situations. When Bitcoin goes up everyone is excited but when it goes down we need to be patient.

Yes, all bitcoin holders want the price to go up.
But bitcoin holders also want the price of bitcoin to fall so they can buy more bitcoins.
And I agree with you that there is nothing to worry about with the current state of the market.
And strong hodlers will not be affected by the current conditions because they are very happy to see the current market conditions and have bought some bitcoins as their long-term investment.
Yes, we have to be patient with this situation and rest assured, everything will end with a beautiful smile.

WatChe

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Quote from: traderethereum on August 24, 2023, 08:11:44 AM

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

All Bitcoin Hodlers want the price to go up but at the same time we need to be well aware of Bitcoin price volatility. I dont think current situation is much to worry about, its just a normal correction after a stability at 30k$. Such corrections are beneficial in a sense as they test the nerves of HODLers and made them more strong. For long term investor one need to be able to withstand such situations. When Bitcoin goes up everyone is excited but when it goes down we need to be patient.

Alpha Marine

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I never hoped for anything higher than $40k this year. Even the 40,000 dollars was a reach I know but I just hoped.
My personal speculation for Bitcoin price was somewhere between 35,000 to 40,000 dollars and with the way things are now the chances of that happening have gotten slimer.
I like to be very realistic in my speculations so I won't get too disappointed. One thing I still have a lot of faith in is that Bitcoin will definitely go above $30k this year, I'm sure of it. I also believe it can get up to 35k but that's a very slim possibility.
We're not going to see a new all time high this year or anything close to that.

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Quote from: WatChe on August 24, 2023, 06:32:55 AM

Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

WatChe

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Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

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Quote from: Zanab247 on August 22, 2023, 09:04:51 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. 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?

Bitcoin price wouldn't reach $69k this year because if you look at the current price at $26+,you will understand that bitcoin this time needs to break $31k resistance price before we can hope to see a price above that. It has shown clearly that the current price of bitcoin might remain like this for the next two months before we see a pump. My speculated price for bitcoin this year ending should be around $35k-$45k. It is after bitcoin halving that we can expect a price that will get up to $69k. The making presently is offering discount on bitcoin price so it is better you DCA or just be patient with your investment till the next bull run coming up 2024/2025.

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Quote from: Zanab247 on August 22, 2023, 09:04:51 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. 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.

There are many of you who live in some of your illusions and wait for something to happen, regardless of whether you even think about what moment you are in and align your expectations with that. Expecting some kind of bull run in the year before the halving literally shows a misunderstanding of the fundamentals of Bitcoin, especially when it comes to the price of the same.

Quote from: Zanab247 on August 22, 2023, 09:04:51 AM

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?

Why would the price of 1 BTC be approximately $69k by the end of this year, will the good fairies or Santa do some magic to make it happen?I think that it is possible that this is not the last dip, and that means that it will certainly not be easy for some of you who are obviously on unknown ground in the expectation of reaping the fruits of your investment.

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Quote from: Zanab247 on August 23, 2023, 04:04:40 PM

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.

No one is wrong and no one is right because that is the future and as we all know bitcoin is unpredictable. The better thing we should do is always have a plan for 2 scenarios, not too subjective and not too pessimistic with our investment. Furthermore, if you believe in history repeating itself then you should believe in the scenario where bitcoin will drop to $20k again and I don't rule it out either. Things will not be as easy as we would like and that is why people think this is a very fierce market.

Topic: Is there still hope for the price of BTC to hit back $69k this year? - page 8. (Read 1401 times)