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

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.

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.

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.

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.

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.

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.

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.

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.

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.

$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.

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.

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.

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).

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.

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.


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 

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.

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.

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.

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.

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.

My sincere question is what difference would this make? For the records and in my analytical experience, one can only use the previously reached chart data/price/pattern of the market to accurately predict what will happen in the future. This is unlike Bitcoin which has never reached $100,000 before, all that you see people spitting out is just guesswork, and it should not be taken seriously by any wise person.

And this doesn't matter what the majority says, the lowest bar as shown in the picture above may even win the poll as it's all based on gambling and not professionalism.

My prediction is that I will follow my trading chart for real-time guidance and not rely on assumptions.

I believe that we will peak at 80k this year at least, we could do a lot more, but I think at least 80k will be a possibility. A lot of people think that won't happen, but I think it's definitely a real possibility without a doubt.

What I think many people do not understand is that in every single year we had a bull run, it started at the end of one year and kept going to the next year, so that's going to be something that's important, we can't really make it change any other way, it's a must thing and has to be done properly. Without that, we are going to face some issues and can't really make any changes that easily, it is going to be a tough one and we need to just consider the reality of the situation.

If the same thing happens this year as well, then reaching 80k isn't even that hard, like it wouldn't even be the most important part, it would be the most obvious part of the deal and I think it will definitely end up with a good result in the end as well. We just need to wait, a lot of people feel they can't wait any longer, look at all those people who sold when it went under 60k, how are they feeling right now? Don't be like them and keep holding your coins as much as you possibly could.

Bitcoin have hit the $70k resistance today before undergoing a minor retracement that is ongoing. It appears there is a very strong resistance at that level which market have tried to overcome a couple of times to no avail.  From what I know before, the moment that resistance is broken, it will be retested as a major support and if it holds, then it will become a reference support that will take price to $80k from.where $100k will be in sight.

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.

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.

If i was part of this survey, then i would definitely be among the 2 in 5 who think that BTC price will hit or go above $100k. That being said, the cycle will prolly not end this year, so we cannot take the price at the end of this year to be the peak of the cycle, i am pretty certain we have to wait until 2025 to witness the end of the cycle. Hopefully if the crypto/world events go in our favor, then we might prolly get to $100,000 at the end of this year and above it by 2025.

I'm not very sure about that survey but I don't think that we may see Bitcoin at $100k in 2024 if market keeps dumping after some good growth.

Currently, the safe range for Bitcoin is in $55k to $72k and it's quite hard for it to cross that $72k barrier and remain over that range for many days.

If Bitcoin somehow crosses $80k within next 2 months then there's chance to see it at $100k by the end of 2024 or at first quarter of 2025. Hopefully, it will reach or cross $100k at the peak of bull run.

$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.

Most people expected Bitcoin to be worth $100,000 before now and that has not happened therefore I think we should be expecting more people to think Bitcoin is going to be worth more than $100,000 any timeframe that you use to ask them. People make predictions based on their emotions and investment, if you ask people that do not own any Bitcoin or bought Bitcoin since, they will not care what the price might be by the end of 2024 but those that bought during the highest price that Bitcoin was selling this year which was $73,000, they will say they think the price should be worth more than $100,000 by 2024. But I think anybody thinking about just the end of 2024 is thinking short term but when investing in Bitcoin we should think long term and not short time.

Yes bro, I also agree with this, I also think Bitcoin will cross 100K by the end of this year. Because currently Bitcoin is not even close to 70K. It is currently stuck below 68K. Current situation looks like it will take several more days to cross 70K. However trust Bitcoin, it will surely cross 100K very soon. And it is most likely to happen by the end of this year.

Pretty low sample size for a survey on a massive market ngl. I'm more expectant of it going maybe 80k-ish, 90k if hopeful but not past 100k. I'm expecting 100k next year instead, maybe in the middle of the year or so. Highly doubt we'd bulldoze through the 80s and 90s after all, similar to how we didn't(or weren't?) able to bulldoze through the 70k. A lot of people were expectant then that it wouldn't stop and reach 100k right then and there but here we are now a few months later still sitting at below 70s.

If you want a really specific number, it's 85,640

Everyone will still have different opinion on this because even before this came up on coin gecko, there have been so many people on this forum who has already speculated that the price of Bitcoin will definitely reach $100k this year while some thinks otherwise. If you read across recent post on this board, you will definitely find a lot of  opinion.

According to that post by coin gecko, I don't think they only mean what the peak price will be for 2024, I think they are trying get opinion of peak price before we enter bear season. I think the peak price of Bitcoin will be $100k+ before the bear market starts.

People expect too much and right now they shouldn't so much, the price action at least reflects patience and strictly fenced in price.   Boring but the word now is patience which isnt a swear word, its just not exciting.  Surprisingly you can do better from boring then you will from exciting, the market really shook up and excited will move 10k while you are still asleep and you'll miss the whole thing so whats the use in that.

The problem is with really fast markets its not just you who misses the price, half the world wasn't looking and trading that price.  So we end up with air pockets in the price from it moving so fast and it gets weak in the middle, unreliable and prone to collapse when tested as markets will always do.   Hence right now is totally fine and normal occurrence, the market year start was moving far too fast nice gain but it all has to be back tested.

Im surprised we've been testing pricing for 5 months and its still not bullish, still not negative really either just flat boring.  It could also be true for all of 2024, we just carry on putting in volume, doing trades building up the price with strength not movement.  Thats my general take but also Im expecting more to occur in the last few months of the year from September onwards is often a time to be awake.

We started the year 2024 with the average price of Bitcoin in January as around $41,000, and today which is 7 months later, the price of Bitcoin currently is approximately $67,000 (i.e $27,000 increase). So if I'm to ascertain what price Bitcoin likely to cross from now July to December 2024, I'm very sure the price of Bitcoin shouldn't be above an extra $20,000 in profit, that is, I'm of the opinion that Bitcoin is likely to finish or end the year 2024 with its price at approximately $87,000 per BTC or roughly $90,000, as I'm still not sure if Bitcoin will cross the $100,000 benchmark this year.

So that's my sincere observations, according to this years previous performance (i.e from January to July 2024)

I will prefer to keep my expectations very low rather than keeping them high, as it's better to be taken by surprise in terms of the price surge on the positive side than to be disappointed. 
 
Since we have seen $73k during the last pump caused by the ETF hype, achieving $100k won't be too much of a big deal. We will get there, which I'm certain, but the when is what we are not sure about, as it's possible that we might end the year 2024 without seeing bitcoin at the speculated $100k price. There is also a high chance that we will even see it above that amount too. It's just speculation after all, and nothing is impossible when it comes to the to the bitcoin price.

To me since we have already experienced $73K ATH at a common market appreciation, it seems every tendencies to experience $100K+ at the ATH of the bull-run because the current ATH is reflection potential that the ultimate future bull-run ATH would be far over percent from from the present ATH

You know times are really different when the majority of "bulls" are aiming low 6-digits. Bitcoin has never been stronger, never been out of reach of attackers, never been more confident. And we're only talking about 100,000 (mine too).

Far cry from the heady days of 2017 million dollar projections, or even 2021 when 100k was a sure thing.

I believe to reach $100k by the end of this year can happen to bitcoin it will definitely happen to bitcoin even I can think that it might be more than $100k on the price of bitcoin, of course saying like this there must be a reason that can be convincing enough.

We are currently at the price of bitcoin now and a lot of new adoptions such as by institutions and countries that are entering are still below 8% of the total people adopting bitcoin, there are still many countries, institutions and retail that have not entered bitcoin completely, so it is likely that when there is positive sentiment towards bitcoin and its regulation in the US will affect many countries and institutional and retail views on bitcoin.

We know that today Trump brought speculation about bitcoin into his campaign and if he can actually abide by his own words then it will open additional doors for bitcoin to be increasingly accepted, then the US election is indeed in the spotlight regarding the economy and industry which will certainly be closely related to financial policy in the future, this is my thinking about bitcoin which will be a concern, especially since Robert F Kennedy Jr also brought speculation about bitcoin if he was elected.

There is no doubt that Bitcoin will breach $100k but if we look at past two years 2024 has been more promising and there is no reason to doubt because Bitcoin has reached its ATH but unfortunately couldn't capitalise on the same bullish storm and we saw few fluctuations but there hasn't been negative sentiments and market has recovered in last few days. I still think Bitcoin will cross $100k this year and if happens then we will be in proper bull run once again.

I think the events that happened pre halving actually made investors more bullish, the price reaction to that event is something else, the price had a new ATH which doesn’t correspond to past halving events and investors started prediction of the price hitting a 6 figures right in the third quarter. One thing I will say Some investors missed then was that fro a huge pump like that there was definitely going to be a correction because the buying liquidity was just too much then and it was economically logical that sellers who might have their sell target around $70k would sell and that’s what exactly happened. Although the recent dump has been filled with FUDs from the news of big investors or countries selling, I think we are still in state of correction and the price of $100k is still visible this year.


I wouldn’t say it is bad but I think recent events like the election has been allowed to impact our decision, many are placing their bullish sentiments on Trump’s triumph and should it happen, I also trust it will be huge for the market but same as it not happen, I believe the FUD that will be spread will even get us below the $70k for the year ending. My prediction is in a full cycle with price between $120k to $160k before the end of 2025

What is certain is that we all often see predictions and speculation in various sources at the moment, especially in 2024, but everyone has their own opinion on this matter, belief will lead them to what they believe in the current and future price of Bitcoin.

But I personally look at Bitcoin for this year, if my speculation doesn't jump to the level of $80k let alone $100k, instead I predict $45-50k, of course for several reasons that I believe, It's impossible to mention them one by one here, my speculation is that Bitcoin will jump maybe in 2027, maybe at $100k, not this year.

Personally I've been quite bullish, although I'm getting a bit impatient now, but I think the political situation in the US, as is often the case, is going to have a big influence on this. With a pro-bitcoin VP candidate who holds bitcoin, which we can tell based on his congressional financial disclosure, it seems that if the US election goes one way it could be huge (and this does not imply that I like Trump), while if it goes the other way, meh, the year will probably be bullish but don't expect anything extraordinary.

Before the halving, our expectations for the year were really very high, adding with the bitcoin ETF approval, which even increased what we were expecting to see Bitcoin achieve in the year 2024, but from the way the market has been struggling these past few months, I can't say I still have a high expectation on the price. Based on my expectations, the year will end and Bitcoin will settle between $75,000 and $80,000, which is not too far from the $100k I hoped for before now.

I'm thinking more of it for this cycle but if the question is all about the end of the year, I'd go with the 2 out of 5 or even not $100k but close to it. That's how positive I am and despite that it has disappointed me on the last 2021 bull run for which many of us in here, expected that $100k was about to happen on that cycle but it didn't do.

That's fine, we still have this cycle and that's why I am thinking more of the peak this time and it's gonna surpass $100k. But then, I don't want to go that far for now and wishes to see $100k first before having some predictions on my head again about newer and higher prices.

Very likely, and look at the fans: Crypto fanatics flock to Trump, hoping to ‘make bitcoin great again’
 

I understand the cycle but it is 2024 and we only have a handful of months left to be in 2025. The cycle is all about next halving year. If Bitcoin can be at that price point before the cycle ends then it will be great.

I am more focused with the outcome of the US election. I have a feeling that if Trump wins then Bitcoin might create a new ATH that willl be above $100K.

The sample size is not too small to conclude a research. There is a high possibility that the result might be the reflection of the views of the entire population. From my observation and studies, most majority of crypto users believe that the price will get to $100k. However, there is no consensus on when this will happen. Some believe that it will be before the end of the year, while others believe it will happen in the first quarter of 2025. My prediction is that the price might get to $100k this year, depending on economic and political outcomes in the US and China.

The fact that 15% of the respondents don't expect we will go above $75k at the end this cycle may be enough to disregard the entire report. Most people who answer this usually do not think critically or have enough information to reach a calculated guess.
The question itself was also set up to be very conservative.

The cycle does not end this year. You'll need to return much later when it's obvious the bullrun is over.

Why? I am not trying to speculate the price of Bitcoin on the main board. I trying to find out whether we as in the forum members can outperform the survey conducted by Coingecko. They had a small sample size let's make it bigger than them to actually deliver the right price of Bitcoin before the year ends.

Is this topic not best suited for the speculation board.

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.

I agree the sample size for this survey is small but you cannot ignore the fact that such surveys have been happening on other platforms and they have similar number of participants. Let's see how many members here will agree with Coingecko as we are the in a forum that was created for Bitcoin. I am excited to see the response from fellow members of the forum.

The number of participants which is just 2K is not that huge to conclude anything. Besides, Most user that hangout on price website like coingecko usually are those moonboys that keeps checking the price frequently and also they are the first one to flip once the price pump because they are excited on profit unlike us here that is just silent holders.


I think the price might break 80K level but my guess is around 85K since we are just talking about price prediction for this year while the big price movement might occur next year.

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

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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.