Simple prediction: 2024 bitcoin at 200.000 dollars - page 2.

Mpamaegbu

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Quote from: Samlucky O on April 27, 2024, 06:25:15 AM

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 👇

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.

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Quote from: Skybuck on January 01, 2021, 08:16:24 AM

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 ?! Wink

(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.

BITCOIN4X

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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.

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Quote from: el kaka22 on April 27, 2024, 12:36:23 AM

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 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 .

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Quote from: Skybuck on January 01, 2021, 08:16:24 AM

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 ?! Wink

(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.

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Quote from: Skybuck on January 01, 2021, 08:16:24 AM

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 ?! Wink

(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.
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.

Greyhats

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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. Grin

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Quote from: barisbilgili on April 27, 2024, 01:28:49 AM

Quote from: el kaka22 on April 27, 2024, 12:36:23 AM

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.

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.

It was the target last bull run, and it was magnified by a certain prediction modelling that we will hit $100k in 2021. Unfortunately it didn't went well and that model was invalidated already. Now, we are in another bull run and maybe this is the right time that we can predict that indeed a 6 digit price is about to be reach. We have positive news like the Spot Bitcoin ETF being approved that pushes the price to $73k, a new all time high but it is pre-halving. But let's see how big this bull run is, the halving activity is already completed, price is above $60k++ and we have the next months to reach $100k. $200k though is too big for this bull run in my opinion, not impossible but it will take billions of money to flow into our market.

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Quote from: el kaka22 on April 27, 2024, 12:36:23 AM

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.

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.

el kaka22

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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.

Kemarit

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Quote from: serjent05 on April 26, 2024, 05:17:07 PM

Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

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Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

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Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

Yes, of course we are waiting for the new price to arrive. We should just enjoy the process, one day the new price will occur. I think it's normal that good and bad news will affect the price. If we believe in this asset and especially with moments like now, it would be better for us to just accumulate as much as we can every month. It's best if there is an increase in transaction costs, let our assets be temporarily placed on an exchange, and if transactions are back to normal, then we can move them.

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Quote from: Hallroom on April 26, 2024, 09:07:07 AM

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

What I see from each Bitcoin halving is a single digit increase in the price in the market and this has been proven from 2012 to 2024. This means that an increase in prices of two to three times the current price could very likely occur during a bullish market moment next year or at the end of this year. Although at the moment I am not thinking about a bullish market because I am still enjoying the current market conditions by buying DCA every month.

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Quote from: Skybuck on January 01, 2021, 08:16:24 AM

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 ?! Wink

(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

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

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Quote from: Dave1 on April 26, 2024, 01:51:57 AM

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.

We cannot say that such a price will never be achieved but it will surely take place one day and the day is not easy to predict therefore gather as much Bitcoin as you can and then sell little by little with the help of different targets. There will be good news and bad news which will play an important part in the ups and downs of the market so don't forget that for achieving such a target of 200k$ you have to maximize your patience.

The price of Bitcoin is still lower and does not exceed more than 66k$ but this is not about to worry but it's a normal part of this market. Bitcoin has not crossed 80k$ and once price starts to rise then everyone will believe that the effects of halving has been initiated which will lead Bitcoin and other altcoins to attain more higher value that they have not attained before this.

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Quote from: pooya87 on April 25, 2024, 12:53:50 PM

Quote from: pooya87 on January 02, 2021, 08:32:11 AM

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Once it's called a prediction, it means it will be right or wrong, so there's nothing sad when our prediction is wrong. But even when everything goes smoothly, like there is no more war, the Fed lowers interest rates, the world economy enters a recovery phase and prepares for a new growth cycle. Bitcoin reaching $400k is also very unlikely and I never dared to think about it although I also expect a super bull cycle next year.

400k$!, that is truly a huge number and imagine if bitcoin can reach 400k$, how big will the entire cryptocurrency market be by 2025? We won't grow that fast.

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Quote from: Skybuck on January 01, 2021, 08:16:24 AM

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 ?! Wink

(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

You can make a simple prediction that Bitcoin will be $200,000 in 2024. But I am not disregarding your prediction, I believe Bitcoin will be worth $100,000 by 2024. And Bitcoin may be worth $100,000 to $200,000 in 2025. Halving Since the new Bitcoin ATH was created before the Bitcoin halving, we will definitely see the new Bitcoin ATH again after the halving. But I can consider Bitcoin price to peak at $100,000 in 2024. And in 2025, the price of Bitcoin may exceed $200,000

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Quote from: Zanab247 on April 25, 2024, 12:35:04 PM

Your prediction will surely come through op, but it will not going to be this year if you have visited the market this year because the price is still around $63k, which it will be difficult for the price to jump to $200k in this year, well that is your prediction because anything can happen in the market for someone prediction to come to reality.

I would have agree with your prediction, assume you mentioned 2030 because I know that the price of BTC will hit $200k before the end of 2030 because the price has break into a new ATH this year, that made hodlers to rejoice because that is the first time seeing the price hit $73k over some years now.

If you want to be part of that amount you predicted in this trend, you can start saving some money from your working place so that you can buy when the bear run come and hodl till the price hit $200k before you can sell.

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.

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Quote from: pooya87 on April 25, 2024, 12:53:50 PM

Quote from: pooya87 on January 02, 2021, 08:32:11 AM

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Thats why predictions and laws in economics always add Ceteris paribus because human factor are unpredictable.
Many didn't expect BTC to dip to $15K+ because we didn't take FTX going bankrupt into consideration.
Imo, We could be seeing Bitcoin hitting new highs around 2025 to early 2026.
Open statement are usually more accurate
Bitcoin would reach $400K in years to come.

Topic: Simple prediction: 2024 bitcoin at 200.000 dollars - page 2. (Read 816 times)