Probably a very low chance that the market is going to reach that market price, especially this year only, 200 in the market price is going to take a huge amount of cash that needs to be put into Bitcoin, not to mention it needs a catalyst or some sort of trigger in order to have a huge rally where the market could skyrocket on the top and break all-time high.
I would think that the price is gonna be able to reach that, it just wasn't going to be on the halving day, it's true that the halving has a huge effect on the market but it would take some time before it is going to have its effect in the after usually, it takes around a whole year before even it starts to take effect and start a huge rally of Bullrun, in my prediction the market price of the Bullrun all-time high is probably going to be around 150k$ but 200k$ seems to be doable I think.
As expected the market price started to drop down, and I think it was meant to happen on the Bitcoin halving but there were just some delays in the market movement due to high transaction fees.
Topic: Simple prediction: 2024 bitcoin at 200.000 dollars (Read 592 times)
That's while we don't need to exaggerate much in price of bitcoin because it's obvious that price of bitcoin is something that can disappoint us, I think when op created this thread was like since two years ago and the price op put in quote have not reached to that particular price currently, that is to say bitcoin has disappointed op from it's analysis of bitcoin prediction, currently tye price of bitcoin reached 74000 dollars but has decrease to the extent that the price is at 61k currently, so I don't think op assumption will manifest this year 2024
-snip-
This is the crypto market nothing is impossible here after seeing the movement of Bitcoin before Halving, I also thought that Bitcoin would touch $150k by the end of this year, but now the market condition is changing, we can see that BTC's upward momentum is not that fast anymore. So it will be too early to make predictions for $200k at this time.Yes, I can say that by the end of this year, we will see BTC at $80k to $90k, or maybe $100k, but $200k is too far.
It has only been about a week or so since the halving event, we will need to wait for at least a few months before we can see where the market stands, and maybe then we can make better predictions about the highest point of Bitcoin in this bull run, for now, there is no clear sign or anything like that.
Prices were corrected during April - especially ahead of the halving until the end of April. It's hard to expect a $200K hit in such a short time - but nothing is impossible. I can expect $100K in a few months after the halving - maybe later in the year is a good time to mention, but it could be sooner than we expect.
For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.
Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.
This is the crypto market nothing is impossible here after seeing the movement of Bitcoin before Halving, I also thought that Bitcoin would touch $150k by the end of this year, but now the market condition is changing, we can see that BTC's upward momentum is not that fast anymore. So it will be too early to make predictions for $200k at this time.Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.
Yes, I can say that by the end of this year, we will see BTC at $80k to $90k, or maybe $100k, but $200k is too far.
It has only been about a week or so since the halving event, we will need to wait for at least a few months before we can see where the market stands, and maybe then we can make better predictions about the highest point of Bitcoin in this bull run, for now, there is no clear sign or anything like that.
I think it’s very unlikely we will achieve a price of $200,000 per Bitcoin in 2024. It just seems unlikely, it wouldn’t match with the historically repeating four year cycles. I think very possible the price of one Bitcoin hits $100,000 but $200,000 & potentially much higher will more likely be in 2025.
Yes I think going by the record the prediction is high and can't be achievable on this 2024 but within the $100k range can be of good prediction, though one can't under estimate what can happen but this is how the investment and hodlers handle the market before the halving and after when the bull run Will finally commenced.
Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.
We are in the month of April and the price of bitcoin is at $63,000, to reach $200,000 it would be necessary to increase 3x, it is not something impossible to happen because we have seen in the past the price of bitcoin rise a lot in a few months to the point of doing 3x or more, at this moment those people who cannot have patience and expected a big price increase immediately, become desperate and sell, while they sell the price drops, just like in the case of those people who bought at 15000$, 25000$ , $30,000 that made profits of 4x, 3x and 2x are selling a lot, this may take a few months to sell and as a result the price of bitcoin keeps falling and rising little.
but when the time comes when there will not be many people selling then the price will start to rise a lot and very quickly, because as no one wants to sell and the few who buy will be doing long term hodl, so the price will rise very constantly until it reaches very high values. as there are currently few new bitcoins entering the market and there are more institutional investors compared to many years ago, I won't be surprised to see the price reach $200,000 in a short time, I don't know if it will be this year, but I think we will see $200,000 in a short time
I think it’s very unlikely we will achieve a price of $200,000 per Bitcoin in 2024. It just seems unlikely, it wouldn’t match with the historically repeating four year cycles. I think very possible the price of one Bitcoin hits $100,000 but $200,000 & potentially much higher will more likely be in 2025.
To be honest I can't expect much from May, I think it's because the distance between the halving and May is too close. The price of bitcoin doesn't rise that much in a month, even if you are really optimistic about the predictions. History doesn't always repeat itself and it doesn't have to be the same, but I can expect a high rise after a few months of the halving instead of one month.
I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.
Yes it is too close to the halving so May will not fully increase significantly, for me this makes no sense even though some speculators believe it because it takes time for bitcoin to be at the $200K level it will not be easy the rest $100K we predict it in 2025.I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.
There is no direct yet where was ATH before the halving? Then only in the current cycle that I know even though from the previous ATH is not big but we feel it is something different from before even though the jump after a few months of halving will be higher that we think.
Letts just check the price difference in ATH at every circle.
1st was $1,163 – 2013
2nd was $19,333 – 2017
3rd was $68,982 – 2021
4th halving was supposed to have a new ATH from the previous but there was a big dip from the 3rd to 4th halving so we hope that by the end of 5th having a tremendous figure will be achieved.
I had to put that I bold for clarity. We're still in expectation of where price will get to in this 4th halving to form the ultimate new ATH. What we've seen so far after it broke the 2021 ATH is still far from what I'm expecting. Initially, since last year, I speculated that price would be around $120k–$150k but from what I saw a few weeks before halving is suggestive that Bitcoin is more likely to blow past that range I enclosed it in. I don't know if anyone saw the figures I'm going to supply here below but I don't know the source. I saw it in one of the telegram groups I belong 👇1st was $1,163 – 2013
2nd was $19,333 – 2017
3rd was $68,982 – 2021
4th halving was supposed to have a new ATH from the previous but there was a big dip from the 3rd to 4th halving so we hope that by the end of 5th having a tremendous figure will be achieved.
BTC Halving Price History:
2012
$12 at Halving
$964, a year later
2016
$663 at Halving
$2,550, a year later
2020
$8,740 at Halving
$55,801, a year later
2024
$63,300 at Halving
1 year later...
So, we just wait and observe what's in stock. If we go by the figures up there and the number of X each did, let's even go with X4 which is for 2016 and the least; that puts the 2024 expectation around $250k. That will be crazy if it does come to pass, really.
Data from https://coinmarketcap.com/currencies/bitcoin/
Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.
Unfortunately it doesn't go back far enough, so this will have to do for now:
may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D
Bye for now,
Skybuck =D
Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.
Unfortunately it doesn't go back far enough, so this will have to do for now:
may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D
Bye for now,
Skybuck =D
I think it's possible to get to $200,000 very quickly, as this season was the all-time high before the halving in 2024. So as far as possible there is a bull market after this halving, targeting this bull market I think it is possible for Bitcoin price to hit $200,000.
To be honest I can't expect much from May, I think it's because the distance between the halving and May is too close. The price of bitcoin doesn't rise that much in a month, even if you are really optimistic about the predictions. History doesn't always repeat itself and it doesn't have to be the same, but I can expect a high rise after a few months of the halving instead of one month.
I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.
I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.
Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I also thought it wouldn't happen but bitcoin is very unpredictable and it always surprises us . I mean when people don't think it will happen it can happen , just like none of us believed that bitcoin would reach a new ATH before the halving but it ended up surprising everyone . So I think we should not rule out the scenario that bitcoin will reach $200k by the end of this year.
Because bitcoin is unpredictable , I think the best thing for us to do is to always be prepared for every situation and always have a plan b if things don't go as we predicted .
Unfortunately it doesn't go back far enough, so this will have to do for now:
may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
You know halving has it own influence for bitcoin price to increasing including altcoin at large, If you look at the historical data you would see that it's plays a crucial role in price of bitcoin most times even speculation and how people are carrying the price of bitcoin that could cause the price to increase that way you might feel. I.e, Let just say that a famous influencer tweet about bitcoin reaching $500k, other famous or known personality talks about bitcoin price to reach $1m at this point you would see that they have created impact within the market other small investor would look for a way to buy at this point you would see price keeps increasing. may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
Data from https://coinmarketcap.com/currencies/bitcoin/
Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.
Unfortunately it doesn't go back far enough, so this will have to do for now:
may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D
Bye for now,
Skybuck =D
There is no guarantee that bitcoin will follow your analysis, but we hope it goes as expected in your description because we all are hoping the best for bitcoin. Bitcoin will suprise us sonner than expected. Bitcoin is the hope of all. Even if the analysis has not be statistically proven but we believe some how it may be true. it takes 4 years for another halving to take place, so it's possible before the nest halving, it may have reached $250k - $300k or $400k as described by you.Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.
Unfortunately it doesn't go back far enough, so this will have to do for now:
may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!
(I believe the halving has something to do with it.)
I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D
Bye for now,
Skybuck =D
because the first halving happened on November 29 2012
bitcoin price was estimated to be $1,1632013
second halving happened on July 9 2016 and was estimated to be $19,3332017
the third happened on may 11 2020 with the price of $68,982.202021
Now the fourth halving has just happened on April 2024 we will be expecting the price change by the end of 2028 so there is a big possibility to even get above expectation.
Letts just check the price difference in ATH at every circle.
1st was $1,1632013
2nd was $19,3332017
3rd was $68,982.202
4th halving was supposed to have a new ATH from the previous but there was a big dip from the 3rd to 4th halving so we hope that by the end of 5th having a tremendous figure will be achieved.
My target price's for this cycle are
Very Conservative: 110k
Conservative: 138k
Bullish: 170k
Ultra Bullish: 250k
I have posted this elsewhere and then kind got told off a bit for not being bullish enough. I’d like to be wrong in ultra bullish sense, maybe the meteoric rise we might see might go past 250k. All I know is that I will jumping for joy even at my conservative ranges.
Very Conservative: 110k
Conservative: 138k
Bullish: 170k
Ultra Bullish: 250k
I have posted this elsewhere and then kind got told off a bit for not being bullish enough. I’d like to be wrong in ultra bullish sense, maybe the meteoric rise we might see might go past 250k. All I know is that I will jumping for joy even at my conservative ranges.
Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.
Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.
Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.
For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.
I am fixated on speculation that Bitcoin won't break $200k this bull run until spot ETF is approved. I now think that Bitcoin have a better chance of breaking $200k this 2025 bull run since with these institutions taking part of the Bitcoin craze, it is highly likely that more investors will be attracted to invest more money on the Bitcoin market. We have seen how irregular the movement of Bitcoin price this pre-halving event, ATH of 2021 had been broken even before the halving event happens, so taking into consideration the recent market movement and looking forward to the bull run of 2025, I somehow think that $200k BTC is possible, but not this 2024 like what @OP is predicting.
Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down.
Probably people realized that they are minting useless NFT and think that they will suffer a huge loss if they continue with the NFT minting and paying with high fees.
I wouldn't used the term fixated though, maybe we are all excited what this bull run will bring? Bitcoin Spot ETF has been approved already and we did feel the impact of it right away as we have new all time high before the halving.
But it's going to be long term perspective as what could have been the effect to us. And that's why like you, we speculate that now $200,000 could be within reach because of this good news to us. Not just in the US, but there are countries who follow,
(https://www.cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html)
So everything is falling for us and we have this year and the next to achieved that.
For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.
I am fixated on speculation that Bitcoin won't break $200k this bull run until spot ETF is approved. I now think that Bitcoin have a better chance of breaking $200k this 2025 bull run since with these institutions taking part of the Bitcoin craze, it is highly likely that more investors will be attracted to invest more money on the Bitcoin market. We have seen how irregular the movement of Bitcoin price this pre-halving event, ATH of 2021 had been broken even before the halving event happens, so taking into consideration the recent market movement and looking forward to the bull run of 2025, I somehow think that $200k BTC is possible, but not this 2024 like what @OP is predicting.
Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down.
Probably people realized that they are minting useless NFT and think that they will suffer a huge loss if they continue with the NFT minting and paying with high fees.
Jump to: