What do you think will the price of Bitcoin in 2024?

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Quote from: justdimin on August 03, 2024, 12:20:34 AM

Based on the current price and situation, I don't see the price going anywhere around $100k this year, however, we know the market is known for its surprising nature, and we have seen how many times the market did exactly the opposite of what most people thought and the same can happen this time again, but the odds aren't very high for that, in my opinion. We haven't seen a lot of positive runs from Bitcoin for some time now, and we are already halfway through the year.

Before the halving, there seemed to be more chances for Bitcoin to go around $100k within this year, but now when I have seen and observed the market for some time, it seems like that can only happen in 2025, and we will need to wait for another 5 to 7 months before we see it going near that price.

If anything, it was a pleasant surprise that the price of bitcoin was able to reach a new ATH even before the halving took place, this made a lot of people to become incredibly bullish about the prospects of bitcoin during this year.

However, the world economy is in a very difficult state, with too many factors that are making investors doubtful about what to do next, and when there is such an uncertainty around the world, it makes sense that bitcoin may be unable to reach 100k or an even higher price right now.

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Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

Recently Coingecko posted the image shown below on their Instagram handle.

They had conducted a survey post halving in which 2558 individuals participated. As mentioned 2 out 5 think Bitcoin price will hit or go above $100,000. There has been prediction earlier this year by a few analysts that Bitcoin will hit the $100K mark by the end of this year.

What is your prediction? Guess a number and by thr end of this year I will visit this thread to see who predicted the right amount.

I am not trying to speculate the price of Bitcoin with this topic. I am only trying to see whether we as forum members can come up with a price that is either similar to what the survey predicted or we have our own figure.

Based on the current price and situation, I don't see the price going anywhere around $100k this year, however, we know the market is known for its surprising nature, and we have seen how many times the market did exactly the opposite of what most people thought and the same can happen this time again, but the odds aren't very high for that, in my opinion. We haven't seen a lot of positive runs from Bitcoin for some time now, and we are already halfway through the year.

Before the halving, there seemed to be more chances for Bitcoin to go around $100k within this year, but now when I have seen and observed the market for some time, it seems like that can only happen in 2025, and we will need to wait for another 5 to 7 months before we see it going near that price.

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No one can predict exactly where the price of Bitcoin will stand in the future. What it might be worth in the future and what it might go to can only be guessed at. Accordingly, Bitcoin experts believe that it will reach 100 thousand by the end of 2024. But it is not certain. For now we have to focus on investing in bitcoin, bitcoin must cross 100k, but if you don't invest, even if bitcoin goes to 200k, you won't get any benefit from it. So your investment works so that you invest, bitcoin will cross 100k in time. Now focus more on how you will benefit from it and make a long term plan and start investing in DCA method.

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Quote from: pakhitheboss on August 02, 2024, 09:23:34 AM

I went ahead and read all the replies on my thread and it seems that everyone who replied does not think the price of Bitcoin will go beyond $80K by the end of this year. Which according to me looks good but I still have the intuition that it will reach near around the target amount that I feel was done correctly by the survey conducted by coingecko. Even if it does not reach near it I still think it will be great as Bitcoin will again create a new ATH. As for now, it seems a big struggle as the price of Bitcoin has again started falling which is good as it will help Bitcoin reach new levels in price.

Basically, no one knows what will happen in the future, all predictions are based on personal emotions rather than people relying on technical indicators, history, macro news...And as you know, since the 4th halving ended, we have not had any significant price increase, bitcoin just corrected, went sideways and continued to correct. That makes most people depressed, so it's not too surprising that people aren't more optimistic about higher predictions later in the year. But believe me, as long as positive news appears like the Fed lowering interest rates or Trump being elected...then bitcoin increase. People will make more optimistic predictions and the target will even surpass the 100k$ we often talk about.

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I went ahead and read all the replies on my thread and it seems that everyone who replied does not think the price of Bitcoin will go beyond $80K by the end of this year. Which according to me looks good but I still have the intuition that it will reach near around the target amount that I feel was done correctly by the survey conducted by coingecko. Even if it does not reach near it I still think it will be great as Bitcoin will again create a new ATH. As for now, it seems a big struggle as the price of Bitcoin has again started falling which is good as it will help Bitcoin reach new levels in price.

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Quote from: Yaunfitda on August 01, 2024, 10:59:38 PM

Quote from: yudi09 on July 31, 2024, 01:00:20 PM

Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

What is your prediction? Guess a number and by thr end of this year I will visit this thread to see who predicted the right amount.

A price prediction of $91K - $100K is too high to be a price figure for the end of the year although in the months that follow this year there is still a possibility that it will happen if we stick to the meaning of price fluctuations.
I am predicting a price of $81K - $85K because 73,777 is the highest price that has been held so far. There is a possibility that the positive effects of the presidential election in America will make me predict a range of $81K - $85K.

Yeah, after the US presidential election and if ever a pro crypto president won, it will surely surge the price as we are all banking that if Trump wins then the US will be friendly to crypto as compare to the current president who are going full crypto retard with taxes and whatnot. So I'm also seeing the $80k'ish at the end of the year if Trump wins or even higher as investors are going to pour their money in support of Trump. So let's see, it's not that easy route to Trump as Kamala Harris according to reports are closing in the gap. Nevertheless, Trump still has the momentum for now and leading like 2 points at least in the latest survey.

The number of crypto users is growing significantly all over the world and in that perspective American crypto users also increasing. And any party that supports crypto must be positive towards it. I think that since Trump has given a positive attitude towards Bitcoin, he will have the support of the entire crypto community. With his win we can definitely see a bullish trend in Bitcoin. Until that election, Bitcoin price may not overcome $80k. In this moment perhaps we will not see any big bullish movement. But if Trump wins the election, it can exceed $100k. If he is elected, there will certainly be changes within the SEC that could lead to massive changes in the entire crypto space.

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Quote from: yudi09 on July 31, 2024, 01:00:20 PM

A price prediction of $91K - $100K is too high to be a price figure for the end of the year although in the months that follow this year there is still a possibility that it will happen if we stick to the meaning of price fluctuations.
I am predicting a price of $81K - $85K because 73,777 is the highest price that has been held so far. There is a possibility that the positive effects of the presidential election in America will make me predict a range of $81K - $85K.

As for the effect of the presidential election in America this year, I will only predict the price of Bitcoin in the range of $75K to $80K for the highest price this year because for more than that price I think it has more potential to happen next year with a much sharper increase than this year. Now the price of Bitcoin for early August is around $65K with a correction condition from the price of $70K since the end of last month so that the achievement of the presidential election effect may only reach $75K to $80K, but it would be very good if it could be more than that.

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Quote from: yudi09 on July 31, 2024, 01:00:20 PM

Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

What is your prediction? Guess a number and by thr end of this year I will visit this thread to see who predicted the right amount.

A price prediction of $91K - $100K is too high to be a price figure for the end of the year although in the months that follow this year there is still a possibility that it will happen if we stick to the meaning of price fluctuations.
I am predicting a price of $81K - $85K because 73,777 is the highest price that has been held so far. There is a possibility that the positive effects of the presidential election in America will make me predict a range of $81K - $85K.

Yeah, after the US presidential election and if ever a pro crypto president won, it will surely surge the price as we are all banking that if Trump wins then the US will be friendly to crypto as compare to the current president who are going full crypto retard with taxes and whatnot. So I'm also seeing the $80k'ish at the end of the year if Trump wins or even higher as investors are going to pour their money in support of Trump. So let's see, it's not that easy route to Trump as Kamala Harris according to reports are closing in the gap. Nevertheless, Trump still has the momentum for now and leading like 2 points at least in the latest survey.

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Quote from: yudi09 on July 31, 2024, 01:00:20 PM

A price prediction of $91K - $100K is too high to be a price figure for the end of the year although in the months that follow this year there is still a possibility that it will happen if we stick to the meaning of price fluctuations.
I am predicting a price of $81K - $85K because 73,777 is the highest price that has been held so far. There is a possibility that the positive effects of the presidential election in America will make me predict a range of $81K - $85K.

if BTC is truly still in bullish and there gonna be one last rally before turning into bearish market i think going from $60k to $100k is a piece of cake, the candle whenever in bullish always show massive rally hitting the new ATH and the spike always so hard and fast it will defy whatever technical indicator or analysis there is to predict the market.

so I think with few months left of this year, it's always possible that BTC could hit $100k, it just need good market sentiment and bullish stance of both retailer and institutional.

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Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

What is your prediction? Guess a number and by thr end of this year I will visit this thread to see who predicted the right amount.

$99,999, yes, that's the number I think it will reach in 2024.
I know there are many challenges and obstacles before that number is achieved, but it is never impossible to get it hit. I'm waiting, watching and accumulating as much as I can, so it's not just a guessing game, but honestly I'm waiting for that moment.

As for guessing who came closest, that will probably come down to a few users. However, many users may post random numbers that in no way should be considered financial advice by anyone. Price predictions will be good if they are supported by analysis, of course based on fundamentals and technical.

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Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

What is your prediction? Guess a number and by thr end of this year I will visit this thread to see who predicted the right amount.

A price prediction of $91K - $100K is too high to be a price figure for the end of the year although in the months that follow this year there is still a possibility that it will happen if we stick to the meaning of price fluctuations.
I am predicting a price of $81K - $85K because 73,777 is the highest price that has been held so far. There is a possibility that the positive effects of the presidential election in America will make me predict a range of $81K - $85K.

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Quote from: Questat on July 30, 2024, 04:21:21 PM

That's also based from my own point of view, while others may see it happening within this year or early by 2025.

I think most people believe it will happen in early next year, i haven't see too many speculations of bitcoin reaching $100k this year. The mistake sometimes is that some people believe the cycle is going to end this year, but it won't, it should stretch until next year, and it is when we are closer to the peak of the cycle that bitcoin should reach $100k+, it is going to be really exciting times for all bitcoiners who will see that happen.

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A little over $100k is a very realistic goal for a new ATH. However, I don't think the question in the survey is setting a time limit (that Bitcoin must reach the price by the end of 2024). It's merely saying 'this cycle', and a cycle can easily continue into 2025 if not even further. Some believe in 3-year or 4-year Bitcoin cycles, and some calculate cycles as periods between halving events. So a cycle might be a price before 2028, before we officially hit the bear market (whenever that happens, possibly in 2025), and perhaps in the near future (before the end of 2024).

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Am not surprised seeing the % of individuals involved in this survey to have gone for the $100k mark to peak the price for Bitcoin. It is allegedly where every Bitcoin concerned and invested individual want the price to be. We’ve seen price at $67k, $72k and even crashed below that and given a probable bullrun in the space after a just concluded halving, it’s okay to expect price at $100k but we just might not see this in this year, it just might not be the case should we not have a bullrun already and it’s the likeliest of possibilities.

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The reference to 2024 is wrong, BTC is not running by this time table. You might as well go by the Chinese Lunar New year and arguably it would make more sense then tying BTC to this calender.

Maybe the tax year, fairly universal and imo some selling maybe buying does come in time with various tax returns.

Quote

sitting at over $69k the ATH is almost at sight

Its been sitting there since March and in no hurry to go anywhere do anything. We just go back and forth like a one legged duck swimming in circles between each river bank. I dont think we about to sink but I doubt this birds ability to fly just yet Grin

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Many have failed with the expectation that Bitcoin will be $100k in 2021 and so, that hope and expectation is continued to this cycle. No matter what happens, it's normal to think that this might be the right moment to see it become a reality. IMHO, whether it happens or not, as long as we're up by the current price and this is going to be the floor price for the next cycles, we're already on a win here. I have also seen more than $100k of predictions and when they become a reality, then that's so much better. Waiting game as it is and we'll see the peak likely by 2025 maybe early of it or mid of that year.

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I do agree that it will peak over 100k during this cycle, but "this cycle" doesn't mean 2024 at all times, sometimes it means 2025 as well. I think 100k+ will happen, I am not sure if it will be in 2024 or if it will be early 2025. One thing people need to be careful about is that in 2025 when it peaks, we are going to start seeing the crash, go back and look at 2021 and you will see that after it peaked over 65k or so, it also started to go down a lot during the very same year, it wasn't like years later when it dropped, it was the same year. So when it peaks, be ready with your stop loss and make sure that you do not lose all your money, make sure that you can save some of that for later.

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Quote from: salad daging on July 28, 2024, 02:34:12 PM

$100K is not certain at the end of 2024, but it would be great if bitcoin could surpass it.

The survey would be more in favor of $100K in 2025 because considering they call it will be know bullish for the crypto market even I myself can't say it will be accurate just optimistic about the market that will likely be bullish.

Obviously my own target is $100K in 2025 - Q1-Q2.

Honestly, I would still want to see btc price reaching $75k-$80k before speculating $100k then. Although I believe it's not impossible for bitcoin to achieve $100k but I don't see it happening within this year, but most likely by the middle or last quarter of year 2025. That's also based from my own point of view, while others may see it happening within this year or early by 2025.

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Quote from: Justbillywitt on July 29, 2024, 03:56:05 AM

Quote from: Stepstowealth on July 27, 2024, 07:26:29 AM

Is this topic not best suited for the speculation board.

Quote from: pakhitheboss on July 27, 2024, 06:47:59 AM

What is your prediction?

The year is almost ending and bitcoin has not yet been able to break the resistance it set for itself to set a new all time high price. $100K is not an impossible value to reach but I do not think it will be in this year, maybe early next year.

By the end of this year, I predict the value of bitcoin to be between 80k-95k.

Looking at the current price of bitcoin sitting at over $69k the ATH is almost at sight. Unless we are not going to see a full blown bullrun this year, that's what is going to stop bitcoin from reaching $100k. But I am having this conviction that bitcoin reaching $100k in 2024 is very likely. The signs are already there, the year is gradually heading towards the ending part, and we are to see more upward trends than downward trends, going from here.

ATH at what time frame do you refer? The last time that we hit, which was $73k? But higher than this are still called as ATH. Despite the ups and downs, and then there are also dips and corrections along the way, I can feel that the market sentiment is still bullish. I think that plays a major role about what the outcome that we can get. We cannot just simply say that a price like this won't happen if without a cause but like they say; 'in each thing that happens, there is always a reason for that'. For now, there is no known reason that might possibly stop our plans of reaching more heights and let's only hope that normal situations like this will be consistent.

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Quote from: adultcrypto on July 29, 2024, 10:46:01 AM

All that will not happen immediately but before the end of next month we would have had the confirmation if market is taking this direction or not because the entire movement is dependent on how the market will behave around the $70 resistance.

I second that and all you said, breaking the $70k resistance is going to bring us closer to $100k, i don't know when that resistance will be broken, but it definitely will. That being said, many people may start to pull out as the price rises from here on, let us remember that some people have also set their taegets lower than $100, so once it gets there, they pull out, this is another factor that will make the journey to $100k longer.

Topic: What do you think will the price of Bitcoin in 2024? (Read 531 times)