Will the price gets to $60k this year? - page 3.

btc78

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Quote from: Greggry on April 21, 2023, 07:08:36 AM

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

do it looks like there is something this happening in any time soon? lol 60k in 2023 is not that we can look at.

I have been watching the graph early this year and with the constant changing
of price

- You can check the weekly market and this is what can tell

- I hate to disappoint you mate but surely it will never get 60k

Quote from: cafee_orange on May 07, 2023, 03:27:31 PM

but I am personally optimistic that the bitcoin price will again reach a high price this year.

How much is that High price that you are considering mate? because if that is Another ATH then sorry to tell but you might be wrong.

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Quote from: nurilham on May 07, 2023, 04:03:13 PM

Quote from: Greggry on April 21, 2023, 07:08:36 AM

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k.

It is not impossible for Bitcoin to reach $60k this year, but I assume it is a very small chance. The current price of Bitcoin is still below $30k (half of $60k). It is too quickly double the price only in a year, we are already in Q2 of this year. I guess the maximum price of Bitcoin to reach this year is around $40k-$50k, it seems very possible if there is good news from the countries that have an important role such as El Salvador, USA, Africa, China, Russia, or New Zealand. Anyway, the Bitcoin price move won't instantly be nearing the ATH, it grows gradually (takes time).

What are those good news? Don't we have a lot of negative news around the US government and markets? They are trying to squeeze and control us, I don't see any good news from them.

Anything is possible, but getting bitcoin to hit $60k this year is a tough task. Considering the situation in the market, we are still far from halving, which is the biggest factor driving the bull market. Second: it can be seen that the world economic situation is very bad, the entire financial market is affected, so it is impossible to expect bitcoin to go against the whole world. Overall, there isn't any positive point to expecting bitcoin to explode this year, unless market makers manipulate and make things easier.

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Quote from: cafee_orange on May 07, 2023, 03:27:31 PM

I think bitcoin will again reach a higher price and will pass the previous high, but it is possible that with an unpredictable situation like now the price of bitcoin will continue to decline. but I am personally optimistic that the bitcoin price will again reach a high price this year.

so what makes you sure that this year bitcoin will again reach a high price? while until now the price of bitcoin is still stuck below $ 30k. This is a very strong line of resistance because bitcoin has been stuck below $30k for a long time and has not been able to break through it. Counted only a few times bitcoin penetrated $ 30k but could not stay above $ 30k. if bitcoin wants to reach a higher point bitcoin must be able to cross this resistance line.

nurilham

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Quote from: Greggry on April 21, 2023, 07:08:36 AM

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k.

It is not impossible for Bitcoin to reach $60k this year, but I assume it is a very small chance. The current price of Bitcoin is still below $30k (half of $60k). It is too quickly double the price only in a year, we are already in Q2 of this year. I guess the maximum price of Bitcoin to reach this year is around $40k-$50k, it seems very possible if there is good news from the countries that have an important role such as El Salvador, USA, Africa, China, Russia, or New Zealand. Anyway, the Bitcoin price move won't instantly be nearing the ATH, it grows gradually (takes time).

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I think bitcoin will again reach a higher price and will pass the previous high, but it is possible that with an unpredictable situation like now the price of bitcoin will continue to decline. but I am personally optimistic that the bitcoin price will again reach a high price this year.

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Quote from: flyingcarpet on May 06, 2023, 05:37:57 PM

Quote from: Ziskinberg on May 06, 2023, 04:57:28 PM

Quote from: asrinur on May 06, 2023, 01:23:37 PM

In my opinion, It seems that the price of bitcoin is difficult to reach $60k this year. Especially in the midst of the economic crisis that is still sweeping the world, the potential for a $60k bitcoin price increase is difficult to occur this year. However, if the market continues to show positive performance throughout the year, then at least the price of bitcoin will only be above $45k.

The market growth isn't bad actually but it only grow slowly which we could see it was not enough to reach that high within this year. Of course, we've been positive about reaching $60k again and for new ATH but that will come possible after halving which is next year. That is why it was too hard to expect that rallies will commence this year if the current momentum won't change. Honestly, we need some market hype and more positive news in order to get more buying demand. While looking back at the previous years, the price surged after halving, and that is what I expect also this coming halving event.

I think it's better that this progress doesn't happen all at once. The market is preparing a ground for itself and is moving in this direction. This is more solid progress. I don't think Bitcoin will reach its $60k target this year. But I want it to increase gradually when the necessary ground is prepared. I prefer a slower and continuous increase over an artificial increase.

Yeah better to see an increase from time to time and not just a quick pump and make you wonder whether it will bounce down right away or what might be the next direction of the market, I see your point that we might expect progress gradually it's good to see more people to support this market and let them hold and make some good positive impact.

Always have a good analysis before investing. It is really nice to see good positive bounce up and for sure those who are aiming for
quick profits are also trying to short the market and make some decent benefits.

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Quote from: Greggry on April 21, 2023, 07:08:36 AM

Since the bull is gradually rising, I'd it will reduce the level of inflation controls and policies that will favour the bulls. It will encourage more buy by investors and big time entrepreneurs, surprisely this year bitcoin would have records more subscribers and price stabilities. Looking at many countries revolution of bitcoin like New Zealand, US, El Salvador, China, Africa and so on, if this countries can possibly readjust policies to favour bitcoin by mid year, it will experience excess rising.

The adoption of bitcoin will continue to remote parts of the country, currently many countries are considering what El Salvador is doing, but do not yet have a certain formula to run and they are still trying to consider several reasons, so that what is possible is limited to commodity assets that can be traded.

This is good for the growth of crypto and bitcoin because in the future more and more countries will see a solution from bitcoin and not try to find a negative value. In my opinion, global awareness about bitcoin is getting bigger, even if it is not enforced as a legal tender, at least for the growth and journey of bitcoin it will get better.

Quote from: Greggry on April 21, 2023, 07:08:36 AM

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

No one dares to say for sure that this year bitcoin will reach $ 60k or more, but if you calculate the previous halving it is likely that next year it will be close to the price you mentioned and could even exceed $ 60k. Of course there are a few things that will get bitcoin pumping and moving slowly toward that number.

For the current price accumulation, it has not yet reached a stage close to that price, but I believe that in September it might touch and although not necessarily exceed the price you want.

bestcoins1

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Quote from: asrinur on May 06, 2023, 01:23:37 PM

In my opinion, It seems that the price of bitcoin is difficult to reach $60k this year. Especially in the midst of the economic crisis that is still sweeping the world, the potential for a $60k bitcoin price increase is difficult to occur this year. However, if the market continues to show positive performance throughout the year, then at least the price of bitcoin will only be above $45k.

The positive performance that can be seen in the market cannot be separated from the presence of many investors and large traders into the market with more buying than selling. So this is inseparable from crypto market users every year, including this year too, because whether or not it is difficult to increase the price of Bitcoin always depends on the purchasing power in the market.

So it is clear that it is important to hope for improvements in world economic factors because if there are still problems related to the economy, of course investors will feel reluctant to enter the market and buy more. Because they also always consider potential losses at certain moments besides trying to see moments that can be profitable.

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Quote from: CageMabok on May 03, 2023, 06:38:25 AM

Quote from: Joshapat on May 03, 2023, 05:52:20 AM

When in March the price could touch $ 30k many were optimistic that the market would continue to rise, many continued to buy and now they see the fact that the market is down, I also don't regret buying when the price is $ 30k, if we pay attention to the trend then 2023 will be the year recovery and now I will also continue to buy as long as I have extra money.

In general Bitcoin has made a price recovery this year and the trend is still very good so you don't need to worry even if you have bought Bitcoin at $30K. Because you won't lose as long as you hold on tight and don't panic to sell it at the current price, but it seems you are a very optimistic person about Bitcoin because you are not afraid and still want to buy Bitcoin when you have extra money in your wallet.

I know many people bought bitcoin for $50k during the 2021 bull season, but they are still bullish and holding so far. Then there is no reason to fear when we buy at $30,000. Don't worry too much about what happens in the short term, in the short time, bitcoin is always volatile, and that is entirely normal. But to say the $60k goal is a very tough task, I don't think we'll be able to get there by the end of the year. Don't aim too high or expect too much until the halving has happened.

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Quote from: 19Nov16 on May 04, 2023, 09:14:45 AM

Looking at the current market situation of course I have no doubt that the $60k price will be reached soon, the problem is what are our preparations before the $60k price occurs, of course the best thing is to keep buying and don't panic when the price drops.

bitcoin will hit $60k, which is not a very high target, but to say that will happen this year is very difficult. the market has recovered better than last year, but that doesn't mean it will continue to grow without a hitch. we have been struggling with the 30k resistance for a long time, I think we will have a hard time breaking above $30k this month. moreover, May has not been a good month for the market in the past.

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Quote from: Ziskinberg on May 06, 2023, 04:57:28 PM

Quote from: asrinur on May 06, 2023, 01:23:37 PM

In my opinion, It seems that the price of bitcoin is difficult to reach $60k this year. Especially in the midst of the economic crisis that is still sweeping the world, the potential for a $60k bitcoin price increase is difficult to occur this year. However, if the market continues to show positive performance throughout the year, then at least the price of bitcoin will only be above $45k.

The market growth isn't bad actually but it only grow slowly which we could see it was not enough to reach that high within this year. Of course, we've been positive about reaching $60k again and for new ATH but that will come possible after halving which is next year. That is why it was too hard to expect that rallies will commence this year if the current momentum won't change. Honestly, we need some market hype and more positive news in order to get more buying demand. While looking back at the previous years, the price surged after halving, and that is what I expect also this coming halving event.

I think it's better that this progress doesn't happen all at once. The market is preparing a ground for itself and is moving in this direction. This is more solid progress. I don't think Bitcoin will reach its $60k target this year. But I want it to increase gradually when the necessary ground is prepared. I prefer a slower and continuous increase over an artificial increase.

Ziskinberg

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Quote from: asrinur on May 06, 2023, 01:23:37 PM

In my opinion, It seems that the price of bitcoin is difficult to reach $60k this year. Especially in the midst of the economic crisis that is still sweeping the world, the potential for a $60k bitcoin price increase is difficult to occur this year. However, if the market continues to show positive performance throughout the year, then at least the price of bitcoin will only be above $45k.

The market growth isn't bad actually but it only grow slowly which we could see it was not enough to reach that high within this year. Of course, we've been positive about reaching $60k again and for new ATH but that will come possible after halving which is next year. That is why it was too hard to expect that rallies will commence this year if the current momentum won't change. Honestly, we need some market hype and more positive news in order to get more buying demand. While looking back at the previous years, the price surged after halving, and that is what I expect also this coming halving event.

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Quote from: Yatsan on May 01, 2023, 09:54:32 AM

Possible if it is just general possibility we are talking to. The market prices have quite a good start this year and since there are plenty of months remaining this year, if things would be in favor for this industry, then there's a huge chance that ATH could be again reached on the present year. However, the uptrend or bulltrend is more expected next year due to the anticipated Bitcoin halving as we all know. Also, things are just way too unpredictable and we could all make our own assumptions. The market prices would either fall down or rise up in the first place. Eitherways, knowing when to enternbwould solely depend on the investor him/herself whether what pricepoint would he/she be able to endure changes from time to time.

I can expect $60k if the uptrend continues in May, June and July. But if in July the bitcoin price doesn't manage to break $45k or so, then of course I can expect correction before continuing the recovery. I can't say exactly where the bottom will be if another big correction occurs this year, but I'm not worried about it because I've decided to ignore the volatility for long-term investing.

I also think similarly that price could reach as much as $60K if the uptrend continues for the next few months. Already price has almost doubled from around $16K to $31K with a few months, so if the momentum of the recovery is maintained, then it's certainly possible to see another doubling in price by around July/August time. My consideration is that price will eventually correct quite deep by around September, probably back to $25K or at least $30K, once a local top is reached some-point in Q3 (with a lower macro high). But whether this happens from $60K, $50K, $40K, or even $30K has yet to be seen.

We can't just go and see the price, sooner or later we will have to see some corrections along the way.

Sure, but if you look back at 2019 for example, there were big corrections of -20% along the way from $5K to $14K, but the difference was that these corrections didn't last long. Recently we've already had a quick correction from $25K to $20K, that turned out to be very bullish, and sure we could even have another -20% correction to $25K from recent highs, but none of this actually invalidates the possibility of reaching $60K - in fact the opposite is true. Ie as long as there are these -20% correction and price quickly recovers afterwards, there will always be room for further upside. That's basically what happened in 2019.

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In my opinion, It seems that the price of bitcoin is difficult to reach $60k this year. Especially in the midst of the economic crisis that is still sweeping the world, the potential for a $60k bitcoin price increase is difficult to occur this year. However, if the market continues to show positive performance throughout the year, then at least the price of bitcoin will only be above $45k.

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Quote from: Greggry on April 21, 2023, 07:08:36 AM

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

although not entirely correct, market sentiment needs to be considered by investors in analyzing what price a coin will reach.
The market situation in 2023, which is already in May, is better than last year. Movements are still slow, the average price for the month is still at $29k.

Although it's just a speculation, I dare not say this year the price will reach $60k due to market price fluctuations. But I feel confident the year will close at close to $60k.
Actually discussing the price is not really interested let alone having to look at the charts every day which can get boring.

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Quote from: CageMabok on May 03, 2023, 06:38:25 AM

Quote from: Joshapat on May 03, 2023, 05:52:20 AM

When in March the price could touch $ 30k many were optimistic that the market would continue to rise, many continued to buy and now they see the fact that the market is down, I also don't regret buying when the price is $ 30k, if we pay attention to the trend then 2023 will be the year recovery and now I will also continue to buy as long as I have extra money.

In general Bitcoin has made a price recovery this year and the trend is still very good so you don't need to worry even if you have bought Bitcoin at $30K. Because you won't lose as long as you hold on tight and don't panic to sell it at the current price, but it seems you are a very optimistic person about Bitcoin because you are not afraid and still want to buy Bitcoin when you have extra money in your wallet.

After being bearish for a long time, the price has started to recover again. Bitcoin is currently trading at around $29,000. For those who are still waiting to buy Bitcoin, I think they should buy at this price, otherwise the market will bullish any time. It may not be possible for many. This year according to economic and crypto experts Bitcoin can reach one hundred thousand dollars. Some expect to see this amount even higher. As such, expecting Bitcoin $60K is quite natural. Since we saw the highest price of Bitcoin in the last bull market was $69K. According to the previous situation $60K may reach very quickly.

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Quote from: 19Nov16 on May 04, 2023, 09:14:45 AM

Looking at the current market situation of course I have no doubt that the $60k price will be reached soon, the problem is what are our preparations before the $60k price occurs, of course the best thing is to keep buying and don't panic when the price drops.

Soon is a bit difficult if you ask me, but depends on what you mean by soon. If you mean soon as in a few months, like before summer ends, then I would guess that it may not happen, it feels like it would take a while before that could happen. But if you mean that 2024 would be the year we will see above ATH again, then I would agree with you.

I think 60k may or may not happen this year but if it happens then it will most likely be q4, we are nowhere near that right now, we failed to stay above 30k recently, something that failed to stay above 30k last month, can't become 60k that early, it will definitely take some time. I hope that it does better in the future, and I would love to see that work, but that doesn't mean that it will happen. But since I trust it will happen eventually, I will feel alright about it.

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Looking at the current market situation of course I have no doubt that the $60k price will be reached soon, the problem is what are our preparations before the $60k price occurs, of course the best thing is to keep buying and don't panic when the price drops.

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Quote from: flyingcarpet on April 29, 2023, 10:57:21 AM

2023 started with a rise, but it may not mean that it will continue. It would be better to proceed step by step. Now the goal is to stay above 30 thousand. No one can say anything about what will happen towards the end of the year.

If we analyse history, then Bitcoins have always followed it. Bitcoins follow a 4 year cycle in which they pump and crosses the all time high price. This year, it is the 4th year, so high possibilities that we will see Bitcoins touching 70k usd and breaking the all time high price. The year also started with positive vibe from the Bitcoins, so yes anything and everything is possible. We have to also increase the demand to acquire the coins, as this will only help to rapidly increase the price of the coins due to the limited supply of coins. Let’s hope for the best.

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Quote from: CageMabok on May 03, 2023, 06:38:25 AM

Quote from: Joshapat on May 03, 2023, 05:52:20 AM

When in March the price could touch $ 30k many were optimistic that the market would continue to rise, many continued to buy and now they see the fact that the market is down, I also don't regret buying when the price is $ 30k, if we pay attention to the trend then 2023 will be the year recovery and now I will also continue to buy as long as I have extra money.

In general Bitcoin has made a price recovery this year and the trend is still very good so you don't need to worry even if you have bought Bitcoin at $30K. Because you won't lose as long as you hold on tight and don't panic to sell it at the current price, but it seems you are a very optimistic person about Bitcoin because you are not afraid and still want to buy Bitcoin when you have extra money in your wallet.

Real investors don't just look at the current price but what is important for them is that they are sure about their investment to grow a few years from now.
They are willing to spend more and accumulate more Bitcoin. Perhaps, they are aggressive as they trust Bitcoin and the bright future of this project. And no matter what will happen in the market, they're still optimistic about it and no way to say them panicking and sell their coins instead, they hold and keep holding until the the perfect time comes to sell theit Bitcoin.

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