“When” Will Bitcoin Price Break $69k All Time High? - page 4.

barbara44

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Quote from: Lucius on June 26, 2022, 06:03:09 AM

Quote from: tokyohd on June 24, 2022, 10:33:47 AM

“I think given this price drop, from the all-time high of 68k to 20k now, it will probably take a while to get back. It probably will take a few months or a couple of years.”

For this statement, if it is really translated correctly, we should give the Nobel Prize, because behind such a clever statement there is certainly a science that has opened our eyes and will make us rich. The article is bad, the OP doesn't even understand the basic numbers, and CZ is talking nonsense at the level of an elementary school child - although there are a lot of smarter young people there who would say something more meaningful than him.

I guess it is not really a reasonable approach because it is not giving any definite date, but at the same time why take a risk and say a date that will get bitcoin back up again, he just said something superficial which will be right eventually. So, he is right that it will take a few months to a few years, and it is something we all know, so he is right.

Yes, it is not a great sentence and yes it is something even a child knows about, but that doesn't mean that he should have taken a risk and say something like "bitcoin price will break over 30k on November 23rd" or something, that would be the wrong thing to say and that is why he avoided something like that and said something a child could say to stay out of trouble.

aoluain

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Quote from: Poker Player on June 24, 2022, 11:38:36 AM

Quote from: tokyohd on June 24, 2022, 10:33:47 AM

“Since Bitcoin topped at $69,000, it is clear to me the next target can only be $4,20,000. There is no in between. No fire without smoke.”

Another crypto enthusiast DrNick wondered whether the next Bitcoin peak is going to be around the $4,20,000 level. Similarly, another enthusiast Rssi predicted a $420k Bitcoin peak based on the $69k top. “The BTC top was $69k. Next cycle pico top will be @420k obviously.”

Hi mate. You'd better fix that $4,20,000 crap. It's just $420,000 otherwise looks confusing.

Going to the point, it is quite laughable that $420k prediction. People seem to forget that some predicted last year (the supercycle theory) that this year we would already be around that price. Then the ath was only $69 and now we are in bear market.

I agree with Wexnident and SquirrelJulietGarden that we will break that ath after the next halving, and hopefully we will be able to break the $100k mark.

Yea I think the general consensus is that we will be breaking the ATH after the next
halving. $420,000 is very optimistic and if we think back to the prediction on the last Bull
run to be at least $100,000, we can take the new prediction of $420,000 with a
pinch of salt, I'm sure we would all love to be wrong though.

Also bear in mind theories and expectations have been broken before. Up to this cycle
the market has never gone below the previous ATH, last week that record was broken.

With the Bitcoin market, anything can happen!

Lucius

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Quote from: tokyohd on June 24, 2022, 10:33:47 AM

“I think given this price drop, from the all-time high of 68k to 20k now, it will probably take a while to get back. It probably will take a few months or a couple of years.”

For this statement, if it is really translated correctly, we should give the Nobel Prize, because behind such a clever statement there is certainly a science that has opened our eyes and will make us rich. The article is bad, the OP doesn't even understand the basic numbers, and CZ is talking nonsense at the level of an elementary school child - although there are a lot of smarter young people there who would say something more meaningful than him.

Nrcewker

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Quote from: Spack17 on June 24, 2022, 11:33:17 AM

I agree with what CZ said. Bitcoin will never be this low in value. Likely to exceed $100k in next bullish period. However, I think it will take more than two years to reach this value. Now is the time to invest for the long term. This opportunity should not be missed.

Yes i too agree on you.
The main fact is that no one has really seen the future. What we can really do is just estimate the price based on observations and calculations.
I don’t think it will take 2 years for BTC to touch the 100k usd mark.
I mean if anyhow the demand for BTC increases, then ultimately the price will increase only.
All now is required to break the resistance where Bitcoins are currently suffering and come out of it.
Nevertheless let’s hope the best and let’s see what happens next.

rhodelmabanal

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No one can tell on when bitcoin surpass the past all time high which is above 60k$,most of the expert says that it is possible that 4 years from the past all time high we will reach another all time high price, but that is still an speculation no one can really tell about the price 3 to 4 years from now.

Hamphser

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Quote from: hatshepsut93 on June 24, 2022, 06:02:20 PM

Bitcoin traditionally has bull markets after a halvening. The next halvening is in 2024. So a bull market might start in late 2024 or early 2025.

I think it's naive to expect that this bear market will be short. Especially since stock market is performing so poorly and global economy is not doing great - we already know that Bitcoin is not a safe haven but a risk asset.

Of course a miracle can happen and Bitcoin could do the unpredictable and suddenly moon out of nowhere. But it would be foolish to bet on that.

Cant really remove that kind of mindset when it comes to post-halving event where ATH is mainly been thinking off by most people or the entire community which i couldnt blame off considering on how many times

we've been able to witness out those bull runs that we havent even expect that bitcoins price could reach up 69k on peak price and now we had dipped down on 17k which can be signified to be the bottom

thats why impressions or the same mindset or situation that is really happening and people is really aiming for some nasty recovery on next years to come.Dont expect for ATH to be broken out easily.
There are still lots of things to be considered like news and fundamentals before reaching out that particular state.

adaseb

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It’s all depends on the inflation numbers. Here in Canada we had our May numbers and we were expecting 1% but got 1.4% instead. Basically a surprise and means that fed needs to be more aggressive on their hikes. We might get a .75% hike next.

This isn’t bullish for stocks or crypto. If you want a bottom or some rally in stocks or crypto you need to see inflation numbers go down first and then you go long.

So if we see deflation, that might be the bottom signal.

Captain Corporate

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First of all, all of that "it will be 420k" predictions are a joke. Its a play on 4/20 which is an unofficial "weed" day. This is why there is really nothing that should be taken seriously about that number at all, thats just a running joke, everyone does it and its not serious.

Secondly, CZ is right about the fact that it may take a while to recover, but that is a good thing, because it gives time to check whats going on and buy the "cheap" price of 20k right now and wait for it to go up, will it be 420k? No. But it will certainly go higher and we all know this.

Lastly, it is clear that people will try to pin the current situation on anything crypto related, but the reality is that we are all doing terrible as a whole world, no nation is surviving without damage, everything is going to sh-ts right now, so its really just a regular thing for bitcoin and crypto to be bad as well. You want to know when it will do better? Look at what regular markets are doing, when they do better, crypto will do better as well.

hatshepsut93

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Bitcoin traditionally has bull markets after a halvening. The next halvening is in 2024. So a bull market might start in late 2024 or early 2025.

I think it's naive to expect that this bear market will be short. Especially since stock market is performing so poorly and global economy is not doing great - we already know that Bitcoin is not a safe haven but a risk asset.

Of course a miracle can happen and Bitcoin could do the unpredictable and suddenly moon out of nowhere. But it would be foolish to bet on that.

btc_angela

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Isn't it obvious though? I mean if we are going to look at bitcoin's past historical logs, a new ATH run starts after the bitcoin halving even. So when it is going to be? in 2024, so that is 2 years away from now. Unless there is a super cycle that others have been theorizing, but I doubt that it will happen. As for what is the peak in the next bull run, not sure, maybe it will depend on how low can we get in this bear market. It could grow 10x-??? from that.

Stalker22

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It is hard to say. It could take years before Bitcoin bounces back again to ATH levels, if it does at all. Historically, Bitcoin always reclaims its ATH in the year following the halving, which suggests that we may need to wait until at least 2024 for a new bull run. HODL is one of my favorite sayings. It describes someone who knows their position, sticks to it, and then gets really happy about the market's growth. So, yes, I believe there will be a Bitcoin boom in the future. We just have to stay focused on our strategy and think about it in this perspective.

OgNasty

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March of 2025 seems about a good a guess as any.

I am not in the camp that we'll see new highs before new lows. I don't believe the government is going to orchestrate a soft landing, nor do I think Bitcoin is a recession proof asset. I think a good prediction would be a low of $13K and a long period of accumulation before a runup to new highs following the next block reward halving. Typically it takes over a year for that halving to take hold in the market, so I think that's a good estimate of when we'll be breaking back into new high territory.

Anonylz

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In bear market there are always different predictions from different crypto analysts and none analysts. CZ is not an analyst even though he is the ceo of one of the top exchange, his statement didn't really say much because he was clearly avoiding giving false hope so that some investors will not see it as financial advice. People should focus more on how to accumulate because there will always be a new ath if we are patient enough.

kryptqnick

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I remember the news of small businesses putting a lot of money into Bitcoin as their reserve funding when the price was above $50k. I thought it was way too risky, but for a while it went quite okay. Now, of course, if they need the funds and didn't take them our before the drop, they'll face great difficulties and probably won't be inclined to invest in Bitcoin anymore. Then again, they broke the rule of never investing what they can't afford to lose, so it can't really be blamed on Bitcoin. As for the peak, I think it'll indeed take time, either months or years, and that it won't be $420k because the multiplier tends to shrink with every next ATH. So I'd expect something around $100k.

maydna

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I could only say WOW if the bitcoin price soars to $420,000 because that can shock many people , butBut they will be happy to see that price because they are making a big profit. But to go to that price, bitcoin needs to break every high price level, and that will not be easy as the price can fluctuate more than now. But to be clear, no one will know "WHEN" the bitcoin price will start to increase, and those people can only make their predictions and share them on their social media to attract attention.

tjtonmoy

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This will be fun! let the journey begin... I don't care about 420k but I care that btc will break the ATH. take all the time you need BTC

edgycorner

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Hurrah for Karamazov!

The link in your post lands me on a 404 page, there's no article there.

It will definitely take more time now to reach the same height. All those who will invest, now have a first-hand experience and have been burned by its volatility.

Moving forward, everyone will now have more "realistic" gain goals. It will create a healthy supply-demand chain. But yea, healthy growth means slow growth. Probably 4~5 years from now?

Poker Player

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Quote from: tokyohd on June 24, 2022, 10:33:47 AM

“Since Bitcoin topped at $69,000, it is clear to me the next target can only be $4,20,000. There is no in between. No fire without smoke.”

Another crypto enthusiast DrNick wondered whether the next Bitcoin peak is going to be around the $4,20,000 level. Similarly, another enthusiast Rssi predicted a $420k Bitcoin peak based on the $69k top. “The BTC top was $69k. Next cycle pico top will be @420k obviously.”

Hi mate. You'd better fix that $4,20,000 crap. It's just $420,000 otherwise looks confusing.

Going to the point, it is quite laughable that $420k prediction. People seem to forget that some predicted last year (the supercycle theory) that this year we would already be around that price. Then the ath was only $69 and now we are in bear market.

I agree with Wexnident and SquirrelJulietGarden that we will break that ath after the next halving, and hopefully we will be able to break the $100k mark.

Spack17

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I agree with what CZ said. Bitcoin will never be this low in value. Likely to exceed $100k in next bullish period. However, I think it will take more than two years to reach this value. Now is the time to invest for the long term. This opportunity should not be missed.

SquirrelJulietGarden

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Bitcoin has a history that it always reclaims its all time high in a new bull run after a halving.

It has 10x to 20x from previous bull runs but this one is the first time Bitcoin only rises 3x from its previous all time high in 2017. I don't know anyone here still believe the bull run after halving in 2020 has yet finished.

Consider that it already finished and Bitcoin is in its bear market, the next bull run, if history won't be broken, Bitcoin will reclaim 2021 all time high $69 and make a new one. Next bull run will be in 2024, next halving, some time in 2024. New all time high will occur a few months after a halving, so it can be in late of 2024 or in first half of 2025.

Topic: “When” Will Bitcoin Price Break $69k All Time High? - page 4. (Read 759 times)