Will the price gets to $60k this year? - page 5.

Falconer

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

On top of that, Bitcoin is still in the correction phase and has to first recover from that, and then from that point, it will need to move up more than 110% in order to cross its previous all-time high which might not be impossible but doesn't sound something that is easily achievable in my opinion, that too among so much FUD and news coming out every now and then.

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.

Recovery is expected to take place in stages and of course it is still in the process until now. What is clear, the price of bitcoin has gradually recovered since entering 2023, the price even reached $ 31k before the correction occurred. To me it's a reasonable correction to find new support, and after that you might notice that the price is going back up and breaking the resistance above it again and again.

I'm not too sure about $60k this year, but bitcoin is never predictable. While $60k seems a long way off today, it could be close if the price recovery continues into July and beyond. I can look forward to it patiently, bitcoin to me is an asset worth holding long term.

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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.

I like to think realistically like you, we haven't broken $30k yet, and bitcoin is showing signs of correction, so thinking about $60k is pretty far-fetched. We all know bitcoin prediction is impossible, no one has the crystal ball to do it. The best way is that we should be prepared for both scenarios of bitcoin, and when it happens, we won't be too surprised.
But honestly, I'd rather this year be the next bear year than bitcoin's bull year.

Sorryfor

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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.

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.

savetheFORUM

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Quote from: G_Besar on April 28, 2023, 12:44:24 PM

Quote from: Lubang Bawah on April 28, 2023, 09:45:28 AM

I think price spikes are still easy to happen in the current year and I'm still optimistic that this year can make new ATH or pass $ 60k, even though April currently looks sluggish and doesn't go up but I'm sure a big pump will happen soon, and I think it's better to focus on keep buying before the price gets more expensive.

There is still too much price to increase if you expect ATH this year. Because the Bitcoin price is still in the $29K to $30K area, it needs to double its current price to break through to the new ATH. Indeed, this is not impossible to happen this year in Bitcoin, but for now it is more difficult to happen because market conditions still tend to change unexpectedly. So think more realistically though we don't need to feel pessimistic about it.

On top of that, Bitcoin is still in the correction phase and has to first recover from that, and then from that point, it will need to move up more than 110% in order to cross its previous all-time high which might not be impossible but doesn't sound something that is easily achievable in my opinion, that too among so much FUD and news coming out every now and then.

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.

flyingcarpet

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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.

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Quote from: Tony116 on April 29, 2023, 08:09:37 AM

Quote from: Wiwo on April 29, 2023, 05:17:56 AM

What is this topic all about, is it about anticipated 60k price in this year or about government policies that cab effects bitcoin purchase and it legal identity because its a bit confusing to me to get the point out of this thread, but since tgis is speculation board abd tge title go online with the baord i will go ahead to make my speculations.

Bitcoin price have all the possibilities to reach $60k in this year ecen though that will be a long walk from here since the price is still struggling to pass the 30k benchmarks which is half of this predictions but tge possibilities are there that we may see 60k price in 2023.

But what is your reason for thinking that bitcoin could go back to $60k this year while $30k is still unbroken? We've had a good first three months of the year, but that doesn't mean we'll continue to do well through the end of the year to hit $60k without a hitch. I know that you and many investors always want bitcoin to recover and rise again because people want to see a bull market to make a profit. I don't mean to be negative, but I can't be optimistic as we are far from halving, so it's too early to think of a bull season this year.

You are right and I didn't mean that Bitcoin will reach 60k this year, all I said is that bitcoin as an unpredictable and at that due to the volatile nature of bitcoin price it can reach 60k so I am just projecting the possibility of seeing that price, just like I said in the that comment, Bitcoin is a struggling to attain that 30k price which is the base half of the predicted price.

That shows how slime the chances of Bitcoin reaching that 6k prediction, I hope that you are clear on my speculations now.
Bitcoin has been bullish since the beginning of this year 2023 but we can't be certain if that bullish trend will continue and at what price Bitcoin will be at the end of the year 2023.

Sir Legend

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We are stilll 4 months and I think there is still a lot of time to reach $60k, the growing number of users is a guarantee that the future of bitcoin will be bright, what we do is simple, namely continue to buy and be patient and make bitcoin a long term investment.

Tony116

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Quote from: Wiwo on April 29, 2023, 05:17:56 AM

What is this topic all about, is it about anticipated 60k price in this year or about government policies that cab effects bitcoin purchase and it legal identity because its a bit confusing to me to get the point out of this thread, but since tgis is speculation board abd tge title go online with the baord i will go ahead to make my speculations.

Bitcoin price have all the possibilities to reach $60k in this year ecen though that will be a long walk from here since the price is still struggling to pass the 30k benchmarks which is half of this predictions but tge possibilities are there that we may see 60k price in 2023.

But what is your reason for thinking that bitcoin could go back to $60k this year while $30k is still unbroken? We've had a good first three months of the year, but that doesn't mean we'll continue to do well through the end of the year to hit $60k without a hitch. I know that you and many investors always want bitcoin to recover and rise again because people want to see a bull market to make a profit. I don't mean to be negative, but I can't be optimistic as we are far from halving, so it's too early to think of a bull season this year.

Oasisman

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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.

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.

Wiwo

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What is this topic all about, is it about anticipated 60k price in this year or about government policies that cab effects bitcoin purchase and it legal identity because its a bit confusing to me to get the point out of this thread, but since tgis is speculation board abd tge title go online with the baord i will go ahead to make my speculations.

Bitcoin price have all the possibilities to reach $60k in this year ecen though that will be a long walk from here since the price is still struggling to pass the 30k benchmarks which is half of this predictions but tge possibilities are there that we may see 60k price in 2023.

fuguebtc

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Quote from: irhact on April 29, 2023, 03:50:45 AM

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.

Bitcoin rise doesn't depend on policies of any country, if it did then we won't have gotten to $69k that bitcoin got to in the last bull market because big power country weren't friendly to Bitcoin, US has very strong regulations an so does china. El Salvador is a very small country to be having big impact on the price of Bitcoin and market doesn't cares what Africa does.

Africa will always be seen as a third world country and even if every country in the continent accepts Bitcoin it won't make much difference since they also depend on other continent for their economy. Asian, Europe and US are where their policies could affect Bitcoin but it would still be temporary.

I disagree, although bitcoin is decentralized, it can grow or not depends on us and we are all governed by the government. One China isn't enough to stifle bitcoin's growth, but if influential powers like the US and Europe ban bitcoin outright, it would be a huge slap on the market. It won't kill bitcoin, but we will have a lot of trouble growing and scaling. Bitcoin does not work alone, it is part of the world economy, and its development will depend on the policies that the government makes.

irhact

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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.

Bitcoin rise doesn't depend on policies of any country, if it did then we won't have gotten to $69k that bitcoin got to in the last bull market because big power country weren't friendly to Bitcoin, US has very strong regulations an so does china. El Salvador is a very small country to be having big impact on the price of Bitcoin and market doesn't cares what Africa does.

Africa will always be seen as a third world country and even if every country in the continent accepts Bitcoin it won't make much difference since they also depend on other continent for their economy. Asian, Europe and US are where their policies could affect Bitcoin but it would still be temporary.

Mr. Magkaisa

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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.

- You know your question was almost the same question on this topic https://bitcointalksearch.org/topic/can-we-experience-80k-this-year-5438813 where the different only from the value price. Why don't you just save bitcoin until the bitcoin halving comes or bull run at least what you do makes sense.

Instead of asking a question like this, as a matter of fact, it has been asked several times here on this forum platform as well. Then most people also know that it can really happen or more than I know and understand.

Franctoshi

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Despite the fact that I'm very optimistic about Bitcoin having a good run towards the up side, But we still need to consider some factors like macro economics that could affect or hinder the possibility of Bitcoin's expected recovery to its previous ATH. However, with the recent bank runs event in the US, It has increased the probability of Bitcoin's price hitting $60k than before, as investors no longer have much of confidence with our old traditional banking system to hold their funds, hence Bitcoin and Gold would be a place of safety for investors.

aksplace

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Quote from: G_Besar on April 28, 2023, 12:44:24 PM

There is still too much price to increase if you expect ATH this year. Because the Bitcoin price is still in the $29K to $30K area, it needs to double its current price to break through to the new ATH. Indeed, this is not impossible to happen this year in Bitcoin, but for now it is more difficult to happen because market conditions still tend to change unexpectedly. So think more realistically though we don't need to feel pessimistic about it.

Opinions from the realistic side may be that the market will find it difficult to penetrate new ATH this year, but some indications of high recovery can be convincing points for the opportunity for the ATH price to be reached at the end of the year or maybe after the halving, we don't need to be pessimistic but still think positively that price fluctuations can change anything to be possible, so the chance of reaching the previous ATH recovery has the potential to occur this year.

G_Besar

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Quote from: Lubang Bawah on April 28, 2023, 09:45:28 AM

I think price spikes are still easy to happen in the current year and I'm still optimistic that this year can make new ATH or pass $ 60k, even though April currently looks sluggish and doesn't go up but I'm sure a big pump will happen soon, and I think it's better to focus on keep buying before the price gets more expensive.

There is still too much price to increase if you expect ATH this year. Because the Bitcoin price is still in the $29K to $30K area, it needs to double its current price to break through to the new ATH. Indeed, this is not impossible to happen this year in Bitcoin, but for now it is more difficult to happen because market conditions still tend to change unexpectedly. So think more realistically though we don't need to feel pessimistic about it.

Lubang Bawah

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I think price spikes are still easy to happen in the current year and I'm still optimistic that this year can make new ATH or pass $ 60k, even though April currently looks sluggish and doesn't go up but I'm sure a big pump will happen soon, and I think it's better to focus on keep buying before the price gets more expensive.

Nrcewker

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Price of Bitcoins always depends on the demand of the coin. If the demand is high then the price will go up. The reason for this phenomenon is simple. Bitcoins are limited in number and hence if more people try to accumulate it, then due to the limited numbers of the coin, the price goes up. So getting 60k usd this year is quite debatable. Bitcoins have to increase in price if we keep the demand to acquire it. Moreover Bitcoins follows 4 year price circle, so anything and everything can happen this year. Let’s hope for the best.

darewaller

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Quote from: bestcoins1 on April 24, 2023, 04:59:01 AM

Quote from: duckalis on April 23, 2023, 09:05:29 PM

It’s unlikely that BTC will double in price this year. But next year it could reach $60,000, as it’ll be halving in April 2024. Many analysts are optimistic about this event.

In general it is not easy to make predictions on the condition of Bitcoin that even when you say it is impossible it may become possible without you guessing it. Although to reach double the current price is not easy for Bitcoin and it is clear that it always takes time for this, as well as what analysts say that at this point they are still very optimistic that a large increase is possible in 2024. But that could be off the mark as they say Bitcoin is not moving to keep up with what people are saying against it.

We won't just predict without looking on the price first. We can also consider some factors like the upcoming events in hopes that our prediction will become more accurate. We are done with $30k and we only need the other half to reach $60k and we still have plenty of time left so I think $60k is possible. Price won't move if people will just assume but it will be more possible if they will make actions. They need to buy more coins and then hodl it tightly. Like many others I am also optimistic next year. I think BTC will reached $100k for the first time and then it can become stable there before it dips because many people are going to sell their coin.

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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.

precisely because the increase is happening slowly and it has happened since the beginning of this year and while there was a price correction that was not too deep it was possible to reach a price of $ 60k in this year.
at the moment the price of Bitcoin is $28k after a few days ago it reached $30k and right now if we look at the graph there is a decline and so far the decline has not been significant and from what has happened since this year every decline that has occurred has not lasted long so it makes me I believe a price of $ 60k is very likely to be achieved this year.

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