Will the price gets to $60k this year? - page 6.

justdimin

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Quote from: rodskee on April 25, 2023, 12:47:04 AM

at least we have good basis on how we will predict the coming value but also I still cannot see any chance of bitcoin hitting 60k , maybe what you said is also mine that
40k at least will be broken(hope to happen soon)
but even if bitcoin will hardly getting that price , at least we have seen
the value above 30k recently.
and for me we are still in correction that is why the price keeps holding in 27-28k for a while now at least 3 days?

I do believe that 40k could happen soon, I know that it is not going to be easy or anything like that but it could still happen. I feel like before the summer is over we are going to end up seeing 40k for sure. That's going to be a tough increase and there will be some issues along the way but we are going to probably end up seeing that. I hope that when that happens, we are not going to end up with any problems at all, and we end up with a good result.

We need to remember that whenever price goes up, there are a lot of people who sell for profit, and when they sell for profit the price goes down, and some people panic sell when they see it go down, and then there are leverages that gets cashed out, all of those combined make it go down a lot. So, we need to be ready for anything when it goes up.

BenCodie

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That's what people would expect based on the last few months and why I personally believe that there is more catastrophe in order that will continue to delay the bull run that everyone is waiting for. Letting Bitcoin set off now would be too easy and I think that there must be more unexpected pain in store. There could be bans from Western countries (which hasn't yet occurred)...a successful CBDC might ban cash and block all Bitcoin/cryptocurrency related transactions. Maybe Binance will exit too Roll Eyes

Who knows. On the former topic, it is possible that a CBDC would lock people out of being able to buy Bitcoin and therefore it would propel in value both because of the halving and because it is so hard to acquire. People might think that less avenues to buy is a bad thing, but the tipping point for that might be around this time. That's purely speculation and theoretical based on the assumption that CBDC's are in play to block the avenue to cryptocurrency.

CageMabok

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Quote from: Rigon on April 25, 2023, 06:31:18 PM

Bitcoin, however, stayed within $31,000 a few days ago. So our next target is 40000 dollars. We are now in a much better position than when the market went into the $15k range. But from my point of view and from my analysis I can say that in 2023 the Bitcoin market can manage $45k to $50k. And during the halving in 2024, Bitcoin may reach $100,000. I can make such prediction from my personal analysis.

I think everyone's personal beliefs are always different when it comes to Bitcoin price speculation. I personally believe in a more realistic price level for Bitcoin to reach at the rate you said it was ($40K) this year, but that doesn't mean Bitcoin can't move beyond that. Since I'm just more confident at that price level after seeing how Bitcoin has held in the $30K area and not as far from the $30K area as it is right now, so a price run for $40K I think that looks pretty realistic for Bitcoin this year.

lienfaye

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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.

The price of Bitcoin had a good increase after ranging to below $20k earlier of this year. Many investors became bullish that the bear season is over since the price is moving upward reaching beyond $30k before the correction happened.

But to answer your question, I don't think this is the year to reach $60k value once again, instead it's possible to happen next year after halving. Many investors are also doing short term, taking profit on their set price, the reason why the increase of Bitcoin is not consistent. So be patient because even we're not in bullish season yet, we will certainly get there.

Rigon

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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.

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.

Bitcoin, however, stayed within $31,000 a few days ago. So our next target is 40000 dollars. We are now in a much better position than when the market went into the $15k range. But from my point of view and from my analysis I can say that in 2023 the Bitcoin market can manage $45k to $50k. And during the halving in 2024, Bitcoin may reach $100,000. I can make such prediction from my personal analysis.

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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.

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.

We know that everyone is really a speculator on here, no matter whats your position or how high is your popularity or you've been known on this market.Whenever we do see some claims about bear market is over then just take it a pinch of salt and would be moving according into your own analysis and wont really be that easily be getting hooked up with these sentiments.Im aint saying that they werent right but neither they arent that wrong either. This is why whenever we do read up some headlines or news then its good to see that there are people who do believe on that way just like for this
recent news or article i had read on.

Crypto Bear Market Over, Bitcoin on Track for $100,000, Says Standard Chartered Researcher
Source: Link

So this one pertains about $100k on 2024 which i could say its considerable and realistic compared into those 1M/btc bet on upcoming 90 days which is insane.

DaNNy001

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Quote from: boltz on April 23, 2023, 06:01:39 PM

No , it won't. Bitcoin hit a massive resistance in the 30k area and that's why we are down under 30k again and most likely we will spend the entire summer cycle in this zone Cry

. Maybe by the end of 2023 we could see another try of Bitcoin to break that resistance because in my books , 2024 it's a bull run and I do see Bitcoin to hit again 60k and halv should be the indicator of how much potential can Bitcoin to go over 60k.

Those are strong words there but I thank God nothing is certain as these words are just mere speculations and its normal for every enthusiasts to speculate their own views in the crypto space. From my own take on bitcoin resistance this year, I feel BTC can break 40 to 45k this year but its going to be hard as no one in the crypto space would have expected bitcoin to attain this level of height after the massive dip it experience last year.

Baoo

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Well, I genuinely doubt if Bitcoin will hit all time high during this year due to a lot of factors such as, the ability of capitalists or whales to control Bitcoin’s value, they can cause bull and bear run by moving their funds wherever they want to. In my opinion, they will let the price increases significantly until the next halving ( 2024 ). In addition to that, I personally don’t think that a solid bull run will happen in next few weeks. Probably after this recent correction it will go up to $35K and reaches $40k by the end of this year. In fact, It is really tough to predict an accurate value.

rodskee

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Quote from: Poker Player on April 21, 2023, 11:11:39 PM

Highly unlikely I'd say. I would expect us to hit $40K or even $50K this year but no more. It would be getting too close to ATH.

Quote from: rodskee on April 21, 2023, 10:18:28 PM

Bitcoin is always a coin that cannot be predict...

It cannot be predicted with certainty, but we can speak of probabilities. Looking at the history of Bitcoin, the normal is to approach the $69K peak after the next halving, not this year. To look at it from a positive point of view, we can continue to accumulate at a cheap price for a longer period of time.

exactly at least we have good basis on how we will predict the coming value but also I still cannot see any chance of bitcoin hitting 60k , maybe what you said is also mine that
40k at least will be broken(hope to happen soon)
but even if bitcoin will hardly getting that price , at least we have seen
the value above 30k recently.
and for me we are still in correction that is why the price keeps holding in 27-28k for a while now at least 3 days?

GeorgeJohn

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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.

Theirs every tendency that bitcoin will not reach to sixty thousand this year, and same thing is applicable to the it's rising in which in another aspect life bitcoin can as well get above of sixty thousand, so therefore, in bitcoin circulation or rotation we don't have a specific rotation or measure we can that bitcoin price will be stamped for the year, the things I know all about bitcoin is that the price always be rational it's not constant, and the increase of bitcoin is dependable from the demands and supply of bitcoin, its obvious that when the price of Bitcoin rises its come as result of higher demand and low supply, alternatively the prices of bitcoin get accelerated due to positive information of companies adopting the currency as means of payment, such as apple 🍏 companies as accepting bitcoin as one of means of payment with amazon, these will make bitcoin price to skyrocket or get accelerated, but when negative information comes in like, U.S restrict bitcoin not exist, that will trigger the demand to lower than the supply and at that moment the price of Bitcoin will collapse.

dunfida

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Quote from: lixer on April 24, 2023, 04:18:42 AM

Quote from: GreatArkansas on April 23, 2023, 07:53:13 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. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

To be honest, halving is not a guarantee that the market will get into a bull cycle when it reaches around it, but it's just that in the past, the market used to go up from its current state when the halving happened. So it's better if we don't make that the only reason why Bitcoin would go into a bull run in the next year since there are a lot of other factors to consider as well.

The price right now is below $30k, so to reach $60k, we are not really 60% away but it's more than a 100% growth from here which isn't too small in my opinion. And we are yet to see if the price will go any deeper in this correction or not.

Halving period would be the catalyst on kicking up that bull run but we cant know whether it would really be on early or after the event but most likely it would really be after months after halving but we cant be sure that it would really be happening on this upcoming bull run event. There's no way on knowing that and we know that reaching up $60k for this year along wont really be likely considering that we are almost thrice far away on that point. If ever there would be some good news which means to be major then there might be some possibilities but of course we cant really be able to assure that it would really be able to kick in that golden bull
run on where everyone is hoping for. This is why if you are a trader or investor then you should really expect the unexpected or simply you should be able to accept on what would be the price condition on upcoming
months or years to come. Just be sure that you do have set your take profit price so that whatever happens then you have at least secure your position and profit afterwards.

ZAINmalik75

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

is it possible for Bitcoin to reach $60k by this year?

No one can predict the perfect movement and price of Bitcoin, but according to the crypto enthusiast that this year the Bitcoin price will be mostly in the consolidation zone, later after the halving in 2024 may be the bulls awake and push the price to the previous ATH which is above 60k.
The price of Bitcoin can be more better than its current price which is below 30k if the ancident of the Luna and FtX collapse had not happened in recent year, because these collapse really damage the investor trust on crypto which showed a direct effect on the price of Bitcoin.

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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.

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.

Not happening, 60k is simply too close to the 69k level which is the current ATH, at that point what is stopping bitcoin to get that high if it reached 60k already? My point is that by the time we get to see 60k again then a new ATH will be around the corner, and since I do not believe this is possible until the halving has taken place and several months have passed, then it is not rational to expect this to happen when the halving is still so far away.

lixer

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Quote from: GreatArkansas on April 23, 2023, 07:53:13 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. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

To be honest, halving is not a guarantee that the market will get into a bull cycle when it reaches around it, but it's just that in the past, the market used to go up from its current state when the halving happened. So it's better if we don't make that the only reason why Bitcoin would go into a bull run in the next year since there are a lot of other factors to consider as well.

The price right now is below $30k, so to reach $60k, we are not really 60% away but it's more than a 100% growth from here which isn't too small in my opinion. And we are yet to see if the price will go any deeper in this correction or not.

bestcoins1

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Quote from: duckalis on April 23, 2023, 08:05:29 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.

Pierre 2

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I wish we could hit another all time this year. If something like that happened we could see something like 150-200k dollars. But sadly it doesn't work that way. No asset in the world has constant raises. Bitcoin is better than most of assets anywhere. I think we should at least wait for 2023 to reach 60-65k levels. I am sure it will happen next year because of mining costs that will increase a lot after halving period.

mich

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Well we have seen the price of Bitcoin go to 60k ever since I think March 2021. And since we are still in a 'Bear Market' right now I think the price of 1 Bitcoin reaching 60k will maybe happen next year.
This does not concern me at all since I just keep my coins in my wallet and dont check the price. By doing this I do no get anxiety and stressed out to a point where I think about ever panic selling my coins.
This is the best advice I ever gotten about investing in crypto and I hope others will follow this same advice when they think about selling during this 'Bear Market'.

Mr. Magkaisa

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- It may or may not happen, depending on the situation or condition of the market and the investors who are whales. So what most people do in these instances is they apply dca while bitcoin's value is low in today's market.

And the other thing is that it is still difficult to predict the market because of the volatility that bitcoin's value has. So, if you are one of the long term holders of Bitcoin, just hold it first and hold it and sell it at a high price or it depends on you.

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Quote from: Greggry

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.

Yes, is possible for the price of Bitcoin to increase to $60,000 this year 2023, because we have seen the massive moved of Bitcoin price from the beginning of this year that made many traders to believed that this year will be more better than last year. Since the price of Bitcoin has reached $30,000 in this month of April, showed that bullish market is about to take place any moment from next month for those that invested in Bitcoin some years back to get ready to receive a good reward from their investment. Based on some potential trader researchers, came to discovered that the price of Bitcoin will hit $40,000 next month for traders to believe that $60,000 is very close to happen this year.

Jating

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Quote from: duckalis on April 23, 2023, 08:05:29 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.

You need to be a rocket scientist to know this, history already tell us that every after halving, we are going to reach new all time high. Which mean not this year as halving is schedule to occur next year.

Not sure though why everyone thinks that we can get to a new all time high in 2023, or at least get closer to that price range. Because if it happen then it will break the pattern then. I'm not saying that it's bad, but if there's something that history shows us here in bitcoin market, is that it's going to be very 4 years to see a new all time high. So we will have to wait till next year after May to see the price picking up and then eventual new ATH in 2025.

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