Topic: Price target - page 4. (Read 1103 times)

Bitcoin's resistance at $42000 has been broken, and now the Bulls still dominate, yes, even though the price of Bitcoin had gone up to $45000,
I was quite relieved because Bitcoin was only experiencing a correction, and now have a look! Bitcoin experienced a bounce at the support price,
so I hope you are right, the end of the year can reach a new all time high.

If the market is going to follow that same path this year, then we shouldn't really be looking forward to any other all time high price or bullish trends till this year runs out and even the next year.

We should just expect the price to keep circling around the current price range which is around the $40000 price. We should not look forward to any big change anytime soon. Because, any other big change will likely be after the next Bitcoin halving. That should only be the time we should all start looking forward to another all-time high price or any serious bullish trend.

In general, the analysts regarding bitcoin are indeed pointing to an improvement from the current price, but they feel that this year is not creating ATH and will only approach the last ATH. will there be more movement? all can only estimate and part of the analysis is summarized ;

- Bitcoin price movements until today in Q1 2022 still tend to be sideways. BTC coin price prediction will be in the lowest price range (support) around $30,000 and resistance at $69,000 which is also an all time high (ATH) level.

- Bitcoin price will move in the range of US$40,000 – US$60,000. He explained, Bitcoin price will perform well during periods of economic growth and inflation. This sentiment often coincides with higher long-term interest rates.

- the price of bitcoin continues to decline to a level of around 43,000 US dollars, even though last November it had touched its highest level, which was close to 69,000 US dollars per chip. Nevertheless, Goldman Sachs through its report stated, the price of bitcoin was able to grow rapidly, even reaching the range of 100,000 US dollars per chip, within the next 5 years.

- Bitcoin will take less than a month in 2021 to break its 2020 price record.
On November 7, 2021, Bitcoin again hit an all-time high at $67,549. This price is considered the highest Bitcoin price in 2021.
Then in early December 2021, Bitcoin dropped to 49,243 US dollars. Until now, the correction continues and the possibility to move up is still difficult to predict.

Of course, no one knows the highest price of Bitcoin this year. It depends on the demands of buying Bitcoin, this is something unpredictable. However, we have some ways to predict the price, including technical analysis and fundamental analysis. If we analyze through technical analysis, probably we are trying to learn the charts. While if we want to predict through fundamental analysis, we may learn what the current news or issues happening lately. So, even if we are free to predict, we must do it in a proper way. Please, no random predictions without any reason. 

Maybe what you say is true and will come true later in December, we'll see.
because a few days ago the price of Bitcoin had gone up but in the end until now it went back down,
the crypto market is really difficult to predict but even so for the price of Bitcoin I am still optimistic that it will continue to rise and grow, the important thing is that we remain patient to wait for the time

everyone is free to predict the price of bitcoin this year, because no one knows what the highest price will be until the end of this year. A lot of people predict to get to the $70k mark, I think it's only natural that they have expectations so hopefully they come true. it's just that I'm more interested in taking anticipatory steps, where our expectations sometimes don't match expectations, so we have to prepare mentally and alternative strategies

I also bet that the price of BTC will be very high for December, for now I would not dare to say anything about the price, because just as it can go up a lot if the war between Russia and Ukraine continues, a big drop in price is likely to occur and that is where those who do not have patience can have many losses.

In any case, this is where short-term trading comes in, which is very likely that those who know how to trade can make a profit, but that is already a risk of another type.For me, the price of BTC will continue to grow, but in the short term, I don't know if it could happen in 2 or 3 months, it would be like gambling if I try to guess.

It is really not a smart move to imagine that we reached our maximum, even if it is 29th of December. In that case it would be likely, because that would  be end o the year so what can it do in a single day, but it is still not impossible. However, we are talking about April right now, we are literally in 4th month, we have twice as many months left, 8 months.

This means that we could very well reach to a new ATH let alone a top for this year, who says we can't be 50k or more in the coming months. I am not saying that we will, nobody knows if we will be 10k or 100k, but at the very least we could say that it is something that is possible and nobody can deny that.

Bitcoin market always behave in similar pattern at all time, .take previous Bitcoin market situations for instance, you will see that any time there is a significant increase in the price of Bitcoin it will always be followed with a correction period and I know when Bitcoin touch the 47k price last week I know a correction and possibly pull back was going to happen and we saw that price decline in the last couple of days ago.

Talking about price is an analysis that can be said to be possible. But I can't be sure that the bitcoin price will reach ATH by the end of this year. Market conditions are still quite strong, this could be a correction in the middle of this year. To reach ATH again takes a very long time. Some other traders are waiting for the market correction to occur. and do an open buy and then take a profit at the end of 2022.

'Not fixed targets but rather situational targets and since we do have a volatile market thats why situational decisions would really be common for this time.When we are investing then it is really normal
that we should really set out some goals so that we could really make out some appropriate actions but of course it would really be subjective depending on the situation you are able to encounter.
Price targets could really vary into each individual neither they would set high or just few percentages with their overall capital so it do really vary out.

According to the data I have, the price of bitcoin at the beginning of 2020 was close to 7000 and it closed near 29000, if an increase of 300% in a single year in the price of an asset is something that you do not consider a good year then I respect that even if I do not agree with it.

To me both 2020 and 2021 were  good years for bitcoin and while 2022 is proving to be a challenge it is not as bad as as think, as despite a few corrections here and there the price can be said to be moving within a range and not showing any negative tendency at the moment.

Most of the people believe that we have already reached the highest price for this year so they are no longer looking forward to any other breakthrough for the market. Personally I even thought that the market would have gone below what we have right now.

But, surprisingly it has continued to maintain its price above $40,000 and sometimes it would go below that but nothing less than over $30,000. That is really good and was something that I never really expected from it. So, I am positive enough that we will get to see something more than that. Even if it is not going to be this year, the year that is being predicted which is 2024 , is already close.

I do not think that we should have a price "target", it makes me feel like there is an end to it. The way we call up for targets is the fact that we would have to actually reach that and then it stops, because what would you after you reach a target? How do you reach a target and still continue?

This is why I do not feel like it should be called a price target. Sure I have price "hopes", if that sounds better, you could hope for the price to get better and I do hope for it to reach to a new ATH, and every single day my hope is to reach ATH, even if it reaches a new one, I will ask for a bigger one and so forth, why would I limit myself to a smaller number?

Yes, bitcoin will continue to strengthen to enable traders to use the opportunity to recover from all their losses they experienced from bear market few months ago. Bitcoin price is seriously increasing to the level bear market will be far from traders through out this year 2022.
It will be difficult for people to experience another bear market in this period because the price of bitcoin has moved higher to where both short and long term traders can make a reasonable income from the market.

People will continue to use this opportunity to earn well from their trading before the price of bitcoin will decrease  back to $40,000.

Correction do inevitably happens and this is the thing should really be on someones mind whenever they do make out some investment here on crypto whether the price  hits up a new ATH or would be having a long time bearish market which could possibly happen unexpectedly.

As an investor then it should really be part of your investment decisions on making out some steps on when or what price you would consider out on securing your profits.
Set targets according to your own preference.

Bitcoin price movements can happen as you say. currently bitcoin looks very good with continued strength in this period allowing bitcoin to print new prices until it reaches ATH by the end of this year. some people are worried that bitcoin will still experience bearish conditions after this. but if you look at the time so far, I believe bitcoin will continue to strengthen for the next period.

Domino effect happens when the price starts to go up, because of FOMO and the same thing happens when it starts to go down because of FUD as well. When people see it go up, and see that some people got rich via some altcoins, and got a brand new great car or something on twitter, they start to think "why shouldn't that person be me?" and they get in, usually too late and they do not make that kind of money, but that is really not the right way to get in.

Or they see people complaining and whining about the price going down and losing money, then they get out too because they fear they will lose more, when in fact they should be buying more when it's lower. It is so simple, yet so many people do this mistake.

The domino effect occurs once investors and traders start to put their money inside the market.

War affects most of the traditional investors. They are good at observing the movement and are wise enough not to touch the
reserve money while the war is ongoing.

It would be good when things start to minimize the risk, if the war got resolve and no other bad news that affects the entire
business side, we may see Bitcoin to start to pump with a much stronger run.. Crossing my finger for that,,

How not ATH is the moment that many have been waiting for I expect it to happen in the middle of this year the same as the previous year, but we need to see if the 50k range can be broken like what you said but this moment we just wait until bitcoin really moves to the top.

Now the price of $45k is quite holding and a little correction I will prepare to buy back because I don't want the low to be a regret later when the price goes high, I will try to continue to add bitcoins in my wallet.