Topic: When will bitcoin reach its all-time high? - page 8. (Read 924 times)

First I think Europe must survive their first winter without Russian gas (as they plan to replace it other supporter or at first refuse it). Second, the world must readjust their goods and services supply and demand without Russian market. These two factors in my opinion are primary, before people would consider making huge investment and development of crypto. Only after, cryptocurrency raise will start. During that period, we will see crypto steadily ups and downs, but will be sort of emotional, without a further growth. I think that we definitely not gonna see new ATH this year, and doubtfully see any significant price changes.

in 2021 bitcoin has reached its highest ath, and whether this year it will again print a new ath, no one knows for that. if you look at 2017 after reaching the new ath that year, it took 4 years to go back and surpass it. but for this time also can not be concluded we will wait that long. but what we know is to be patient until that time comes, because what is certain is that it is very likely that bitcoin will reach its new ath, maybe not as long as before, because the current situation and conditions are different.

i think this will take years mate, we have seen those kind in the past so what comes to be nearer. ATH will happen when time is ripe and not when time that we wanted this to come , and also why bitcoin need to reach another ATH when we are not spending our funds to invest inside?
Please stop Corona Virus issue implementing to Bitcoin? because this has been done back in 2021 and none will be on top again .

You already answer it for you


If you see what happens to bitcoin after the drops in a few weeks or months ago, you will see that bitcoin is recovering from the decline. But unfortunately, we don't have the right answer when bitcoin reaches the last ATH, and we can only wait and prepare for the coming. If you just predict without doing something, you can miss the moment selling bitcoin at the highest price.

We believe bitcoin will recover soon, so we need to be ready for that by having many bitcoins and trying to collect as many bitcoins as we can to join the party. Besides that, the bitcoin moves now are still good, and it could increase more and back to $50k in the short term.

Looking at the situation around the world, including the ongoing war and the effects of the Corona virus and the financial situation, there are many issues that Bitcoin is a positive point for spreading around the world. I believe that in view of all these conditions, the world is now becoming more and more attracted towards cryptocurrency. And I see quarter 3 - 2022 bitcoin achieving its all time high.

According to coinmarketcap bitcoin reached ath during the year 2017 (December). Once after that it started to decline and further it reached new ATH last year. Once again the decline happened which made the price touch $30k. After this there is regular rise in the price and it marked the latest ath around $67500 during the same year November month.

The difference in time period between this is very small compared to the 2017 ATH. It all happened with reason, so the similar pattern can't expected throughout. Probably we'll experience the new ATH by the days around the upcoming halving and until then gradual growth takes place.

what people need to learn is the "value window"

in 2017-18 bitcoin miners could mine(depending on regional costs and hashrate) between $3.5k and $20k
this value window is where:
a. there is no way to get btc for less than $3.5k anywhere on the planet. meaning the price refuses to sell for less as no one can get it cheaper in anyway.

b. EVERYONE can get btc for less than $20k anywhere on the planet. meaning the price refuses to sell for more, as no one needs to buy it more expensive.


in 2020-21 bitcoin miners could mine(depending on regional costs and hashrate) between $25k and $70k
this value window is where:
a. there is no way to get btc for less than $25k anywhere on the planet. meaning the price refuses to sell for less as no one can get it cheaper in anyway.

b. EVERYONE can get btc for less than $70k anywhere on the planet. meaning the price refuses to sell for more, as no one needs to buy it more expensive.

right now. the window is about $30k-$90k(rounded) so yes it has the potential to go up. but the decisions of value between these numbers become speculative depending on regional sentiments/reasons

america hobby mining is about(rounded) $45k which is were there is some support in this area.
as mining costs increase for these regions the sentiment to buy instead of mine increases the market support.

..
with that said. if the hashrate remains at say 210exa. but next gen asics releasing now and this summer become abundant. this changes the value window down to $25k-$80k whereby places like america would have a regional value support at under $45k.
or if the hashrate declines making it cheaper to mine. this also reduces the support line.
however if the hashrate rises and costs rise. this can raise the support line

that being said.. speculation can cause temporary emotional events that correct again. these unsustainable peaks can come suddenly and settle down again just as suddenly. so the price could double and correct down again. but whats the point of getting exited about temporary events if your not online/available at the precise time to maximise those short lived opportunities.

..
if you can understand the underlying hidden value window. you can then take steps to set your mindset up to value bitcoin differently and to see which direction bitcoin might go in the mid-long term sustainably. whilst also by understanding the value/support levels you can also learn to appreciate the temporary spikes and peaks to sell high, and re-buy low,
EG if you know the low is $30k as the very bottom.. you wont be waiting for $10k to re-buy. you will be happy to rebuy at $35k knowing its good enough value to secure btc again (as thats what most did in 2021-22)
and if you know the top is $90k you wont be waiting for $200k-$1m to sell.
you will be happy to sell anywhere above your previous purchase price and anything below $90k as thats still profit.
and if you can also analyse the regional costs of the most bitcoin centric zones.. you can find the support/resistance levels below the 90k to refine better judgement to sell before missed opportunity of 'missing the peak'

This conclusion you made here makes no sense. You are saying that just because it still hasn't surpass $50k then it should take almost a year to see a 51% rise! Not only the two thing you mentioned are irrelevant but also 51% rise in a year specially after we've been in an accumulation phase after a big drop is too small according to bitcoin history.

Bitcoin is not an economy, it is a currency on the adoption route and if anything the recession that the actual economy is experiencing these days will contribute to its rise since fiat is losing its value due to inflation while bitcoin is deflationary.

We can't predict it simply because there are a bunch of different factors affecting the market. For example in the past couple of months we had all kinds of FUD and market manipulation trying to keep the price down. We can't predict how much longer they will last and how much longer the fear is going to stay in the market.

I don't think it will happen within the year, maybe through the year or 2024. These days bitcoin has had a recovery but the upward momentum is not sustainable. This year when it comes to bitcoin movement, my personal view is sideways and accumulation rather than bullish.

Currently, crypto are a nascent market and the market capitalization is still very low compared to stocks, so in addition to supply and demand, this is also a price manipulation market.

No matter how many predictions are made, no one has a clue. In the end someone is right about what will happen in the price, but because so many predictions are made, that if instead of human beings making them, monkeys throwing darts at a dartboard or a similar system would make them, in the end someone would be right.

Today there are mainly two visions:

1) We are in a somewhat delayed cicle. We will beat the 2021 ATH this year.
2) We hit the high point of this cycle last year at $69K.

Take your pick.

What I believe is bitcoin does not experiencing total decline because you can still see that the price is constantly making its way up from the down turn and we can also find it strongly holding the position at 40k now.

though there are some dumping yet getting back on track week after so predicting another ATH is far from your statements.

What i also see here is that we will be facing similar situation for the whole year now and maybe till before the halving year.

But when 2025 comes? then expect the sideways of your question here.

The Bitcoin economy is not the same with the fiat economy. The Bitcoin economy is solely dependent on demand. No other complications. And the good thing about Bitcoin is that its fundamental features don't change at all. The demand is based on something that doesn't change, something that is written in codes. The fiat economy has so many facets, one affecting the other.

I am willing to bet that $68,000 will be reached by 2023, even within the year.

Maybe your perspective seems to be narrow, We all know the current all-time high, so which other all-time High do you want?

This is because you found when the bitcoin bear market was ending, the uptrend was just starting/

In November, Bitcoin's all time high was $68,000. Bitcoin's 2022 low was around $34,000-$35,000. Since December, Bitcoin's price has been wobbling between $35,000-$50,000. Bitcoin is recovering a bit right now but has not reached its all time high yet. Last month, Bitcoin crossed $40,000 and reached at a peak of $47,000-$48,000 to this day. It still has not rosed above $50,000 yet so there is a small chance that Bitcoin would touch $68,000 in 2023. When an economy experienced a bad recession, it would take like 1-4 years or more to recover from it. Last year in May-July, Bitcoin declined dramatically. Bitcoin lost half of its value and it took at least 3 months to recover from it. It has been at least 4 months since bitcoin was at an all-time high. This decline was longer than the Q2 2021 bitcoin decline. Will it recover in a few months or in a year?

Time will tell. What are your predictions of when will bitcoin recover from this decline?