Will the price gets to $60k this year? - page 4.

rojan

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Quote from: Joshapat on May 03, 2023, 06:52:20 AM

Quote from: flyingcarpet on April 29, 2023, 11:57:21 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.

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.

I'm never disappointed to see Bitcoin in such bad shape. Because I know the price of Bitcoin will suddenly start to rise again. I hope to invest more when the price of Bitcoin starts dumping again. If we keep investing in Bitcoin, we will never have a chance to lose money but if we hold the Bitcoins at the right time. If we can sell then we can make good amount of profit from here. Hope 2024 Bitcoin will bring good things for us. I am now looking forward to 2024.

Lida93

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Quote from: Greggry on April 21, 2023, 08:08:36 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.

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.

With the market volatility it's possible for a rise to occur that could raise price to $60k above on the grounds that if more investors key in within the next remaining months of the year. One thing amongst others I observed about bitcoin price movement this year 2023 is that it takes a falling step backwards and double step upwards after a few moments. For anyone that have been following up the patterns there's a slow but steady increase this year and it's possible price can go beyond $60k, not forgetting that it tested around $31k days ago before going down to it current price of $27k and I wouldn't be surprised if we experience a rise in price beyond $31k to about $34k thereabout before the end of May.

famososMuertos

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Since your title was left open to the wish of any year, if it is possible that any coming year I will exceed that number

Now, year, 2023: we are in the second third of the year and only a month away from completing the six months and the reality is that a rather uncertain half of the year is coming.

There are Ukraine-Russia war that does not end, the United States maintains rising inflation rates, Europe has initiated several crypto-legislatures, China maintains an unstable position on the Taiwan issue, the economic effects after the pandemic continue and they are factors that seemed not counterproductive for Bitcoin but they are, albeit with a delayed effect and on both sides the positive and negative price.

So, Bitcoin has a "lifeline" in its Halving, and maybe it can help that overcoming the 50k barrier, this year, and yes, 50k we always put +69k or 100k in the discourse but reaching 50k in a year or less would be a fantastic scenario , even closing this year above 40k is a good foundation to think about better prices in the short term of one to two years.

Rigon

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Quote from: Joshapat on May 03, 2023, 06:52:20 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.

Many are thinking like you and they buy for investment when they see that the current market conditions are bad. I miss the present very much. Because I invested from high market. That investment is still far from my recovery. I've learned from this that every two years I don't invest when the market reaches its highest level and when the market goes down from there. Will wait for the opportunity that came within $15k dollars. We may see Bitcoin market between $30k and $32k very soon. And by 2023, I can imagine that the highest position could be $40k to $50k.

CageMabok

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Quote from: Joshapat on May 03, 2023, 06:52:20 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.

cryptomaniac_xxx

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Quote from: dragonvslinux on May 01, 2023, 02:02:02 PM

Quote from: imamusma on May 01, 2023, 12:39:07 PM

Quote from: Yatsan on May 01, 2023, 10:54:32 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. For me it's better to see the price right now to decline to $25k and then have a good bounce in the next couple of months. Instead of just going down deep late in the year around September, go down to $25k then up to $32k, then maybe another steep correction to $28k sideways pattern before going to $36k and up, and so the cycle continues. Although we might be running out for this process as there could be around consolidation phase and sideways pattern. If no $60k this 2023, then for sure the bull run will be coming next, new all time high 2024-2025.

Joshapat

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Quote from: flyingcarpet on April 29, 2023, 11:57:21 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.

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.

Z390

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I don't think this prediction will come true because 60k in 2023 is too early, I won't expect more than 40k or 45k this year and it won't matter if you are a long term holder because the main target of many investors here is 2024 because that's when the next halving will happen, so we all expect that Bitcoin will have more value after the halving.

Kadal Ijo

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I think whether the price this year can touch $ 60k or not depends on the price movement in the next 4 months or until August, the price of $ 60k is happening slowly and it's impossible to jump from $ 30k to $ 60k in a day, if it's August the price can reach at least $ 45k then there is a big chance to reach $ 60k, but if until August the current price movement seems like it will be difficult to reach $ 60k.

bitgolden

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Quote from: CageMabok on May 01, 2023, 04:16:07 AM

Quote from: Greggry on April 21, 2023, 08:08:36 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.

Chances are it's still in Bitcoin, but it's still too far to expect $60K from now on because you can see for yourself how Bitcoin has gotten price action lately that even though it's still looking tough to hold on and get past $30K, even though it's possible to pass the price it has not disappeared in Bitcoin even though corrections in a short time still occur in Bitcoin.

I agree that expecting twice of what we have right now is not a realistic approach and that is why it is going to be a tough situation. I think more like 1.5 is a lot better, which is 45k and I think that is going to happen without a doubt. I know that not many people expect the price to go up as well, those people will regret it later on when they do not make a good decision. I keep saying that the best thing about bitcoin is that it goes up in the long run and should keep going up eventually.

We already started to go up a lot and we should be considering that as an option, but that doesn't mean that we are going to end up with those results easily, it is going to end up taking a while before we could go there. I believe that the best thing to do is wait for bitcoin to answer.

dragonvslinux

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Quote from: imamusma on May 01, 2023, 12:39:07 PM

Quote from: Yatsan on May 01, 2023, 10:54:32 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.

South Park

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Quote from: fullhdpixel on May 01, 2023, 09:50:51 AM

Quote from: Oasisman on April 29, 2023, 05:25:34 AM

What readjustments do you want to see from this countries that you've mentioned? Because as far as the regulation are concerned, this will continue to happen and we'll have to expect more and more regulations whenever the government see an opportunity, especially during the bull season.

$60k this year? well, anything is possible for Bitcoin. However, in a realistic point of view, investors are still skeptical this year, we've seen divided market sentiments. I'd rather say $60k is much more possible next year before or after the Bitcoin halving.

I think he means is if those countries lift the ban or unban cryptos again but he shouldn't include El-Salvador there. I think it was only a mistake because this country is the first country to make BTC a legal tender and until now they have this status. During the bull season, the scams and frauds can also rise so yes a regulation can be a good help to combat them. $60k is only a piece of cake for BTC. We even reach $69k last time.

We still have a long way to go and the price is showing signs of recovery again so $60k is definitely possible. What can we have next year is already the ATH. The momentum might then continue till 2025 according to the experts.

I agree that reaching 60k again is not going to be difficult as this is an amount the price of bitcoin has already surpassed and I think this will happen during the next bull run, however what the OP is asking is if this amount can be reached during this year, and this is something I do not believe is possible, as 60k is so close to the ATH already that I think a new ATH will be inevitable at that point, and I do not think the bulls have such strength right now.

imamusma

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Quote from: Yatsan on May 01, 2023, 10:54:32 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.

Of course the bitcoin price has started to show recovery since entering 2023, although corrections still occur along the way. This price recovery trend is probably what it should be for bitcoin after a long bearish trend. But regarding ATH, I didn't expect it before the halving happened.

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.

Yatsan

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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.

fullhdpixel

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Quote from: Oasisman on April 29, 2023, 05:25:34 AM

What readjustments do you want to see from this countries that you've mentioned? Because as far as the regulation are concerned, this will continue to happen and we'll have to expect more and more regulations whenever the government see an opportunity, especially during the bull season.

$60k this year? well, anything is possible for Bitcoin. However, in a realistic point of view, investors are still skeptical this year, we've seen divided market sentiments. I'd rather say $60k is much more possible next year before or after the Bitcoin halving.

I think he means is if those countries lift the ban or unban cryptos again but he shouldn't include El-Salvador there. I think it was only a mistake because this country is the first country to make BTC a legal tender and until now they have this status. During the bull season, the scams and frauds can also rise so yes a regulation can be a good help to combat them. $60k is only a piece of cake for BTC. We even reach $69k last time.

We still have a long way to go and the price is showing signs of recovery again so $60k is definitely possible. What can we have next year is already the ATH. The momentum might then continue till 2025 according to the experts.

CageMabok

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Quote from: Greggry on April 21, 2023, 08:08:36 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.

Chances are it's still in Bitcoin, but it's still too far to expect $60K from now on because you can see for yourself how Bitcoin has gotten price action lately that even though it's still looking tough to hold on and get past $30K, even though it's possible to pass the price it has not disappeared in Bitcoin even though corrections in a short time still occur in Bitcoin.

Quote from: Sorryfor on April 30, 2023, 11:41:19 AM

As it stands this year, it could reach close to $60,000 by the end of the year. Right now the market is close to $30k dollars, if the market reaches $60k dollars, it will have to increase twice from the current market. This is likely to happen when the market rises like a bull run. I think the market may cross $50k by this year and grow the most in the next year.

If you have to expect twice the current price, in my opinion that is still too big because for me if Bitcoin can be at $ 40K this year it is much better to assess the level of price recovery. So I am more optimistic to hope at a price level that is not much greater than double the current price of Bitcoin.

justdimin

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Quote from: savetheFORUM on April 30, 2023, 03:08:11 AM

The growth was looking real for the first couple of months after the new year started and everyone thought that the bull run has started but soon it stopped and became stable and then started correcting itself and we are still unable to get out of that.

Yes, I agree which is the reason I believe it may, I mean we can never really know about these things could we? It feels like we could make a prediction but knowing it and predicting it are different things. Since this is speculation section, we can speculate if it could be 60k, but what would we even gain from making that prediction.

My actions are; buy as much as you can with your salary, so far I am doing fine, and I am starting to save again this may after all my debt is over, well not all, I still have a ton of debt, but one of them is over, so I will use that to buy bitcoin, and anytime a debt is over, I do not act as if I can spend that, I still keep using that but instead of paying my debt, since that's over, I use that to buy bitcoin. I will just keep doing that. That's my action, let that tell you whatever you think it tells you.

domoy77

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Quote from: |MINER| on April 30, 2023, 03:37:25 PM

Since I consider this year to be more of a recovery year, I can't directly say when the market will improve or touch 60k again after the end of Q1. But I think after the Q1 we can get some signals for know that what is gonna happening in this year with bitcoin . But in my current view I saw that bitcoin have a strong recovered on q1 in this year even then I think completing the others Q2,Q3,Q4 Bitcoin with get in the range of 40k-50k.

The market has recovered significantly in the 1st quarter of the market, we expect at the start of the 2nd quarter to be in a price position above 30k or 35k at a more stable price and no further correction below 30k, but it is difficult to determine a high market price because the bitcoin price has not experienced a high correction after significant recovery in Q1, so expect no further drop below $28k and the market should prepare to be bullish.

Renampun

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Quote from: Greggry on April 21, 2023, 08:08:36 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.

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.

There is a lot of confusion and predictions scattered in the market about whether the price of bitcoin will touch ATH or create a new ATH this year, but you need to know that in bitcoin there is a 4-year cycle called halving and usually (learn from previous bitcoin price history) a few months before the halving occurred, the price of bitcoin had increased greatly, it is estimated that the next bitcoin halving will be next year, so it is very likely that bitcoin will create new ATH again before this year ends.

so if asked when is the best time to buy bitcoin, of course the answer is now because bitcoin is below its previous ATH price.

|MINER|

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Since I consider this year to be more of a recovery year, I can't directly say when the market will improve or touch 60k again after the end of Q1. But I think after the Q1 we can get some signals for know that what is gonna happening in this year with bitcoin . But in my current view I saw that bitcoin have a strong recovered on q1 in this year even then I think completing the others Q2,Q3,Q4 Bitcoin with get in the range of 40k-50k.

Topic: Will the price gets to $60k this year? - page 4. (Read 960 times)