Will the price gets to $60k this year? - page 7.

Reid

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All it needs is a group of whales buying Bitcoin like that billionaire did. Cheesy

But I suggest to not expect too much so that it won't hurt you in the future.
It can reach that and not because the countries you said are pursuing to change the policies about Bitcoin usage and restrictions. Help take out the altcoins that have no usage in the crypto industry to make investors learn that they should just buy Bitcoin instead of risking their money for other nonsense.
The economy is still not in a better phase so might as well not rush this increase in value that you are expecting.

kro55

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*STOP NOWHERE*

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.

I am also optimistic that bitcoin this year will have a significant recovery compared to last year, but to expect to be able to reach the old ATH is really something I haven't dared to think about, I don't think we can do that. Bitcoin going from 15k to 30k is a great thing, but that doesn't mean it will go up to 60k without a hitch. We have over 300 days left for the halving, and the new ATH will only happen a year after the halving. That means the bear season is still very long, so it is very difficult for bitcoin to recover to the old ATH this year.

duckalis

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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.

GreatArkansas

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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.

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.

boltz

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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.

JoyMarsha

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

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.

If wishes were horses, we would have these nations you listed change their stance on bitcoin so that its price would soar just as the bull run was about to begin. Funny enough, though, those nations won't take that action so soon, and they wouldn't do so if they wanted to see a rise in bitcoin prices in the middle of the year.

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.

It might be possible or it might not. There are many uncertainties behind the $60k price of bitcoin this year. The ideal course of action for an investor right now is to accumulate bitcoin as much as he can while having little to no expectations that bitcoin will reach $60k by the end of this year.

nimogsm

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I don’t think that this will happen this year, the growth will be closer to the halving itself, and until that moment the price will be in the turbulence zone. Therefore, I would take advantage of the moment and continue to increase the amount of my crypto to the growth that we are all waiting for here. And the price of 60k is unlikely, I think the first stop is at least 40-45 and on a permanent basis.

Farma

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did not rule out that the price of Bitcoin could reach $ 60k this year. however, it requires encouragement from positive information from Bitcoin. Personally, I think that it's quite difficult to achieve this year, but the potential is still there because we don't know what will happen in the future. if positive winds come for Bitcoin, then a price recovery could quickly occur and may approach $60k quickly. However, looking at current developments, the ideal price for bitcoin to be reached this year is in the $40k range.

Oceat

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I don't know why people keep asking this question like when the bull market is nearly coming it's like they are still not confident of how much improvement Bitcoin did in the past. Although, I get it why they have to asked because primary reason might be they don't know how the market works or they were just starting to like/invest Bitcoin because of the hype or someone just said they earned a lot by investing in Bitcoin which is too convincing if they really show the results but things are different when it's you the only one doing the trade without the help of the others.

Bitcoin price ATH last bull run was $64k and we enthusiasts probably thinking that the price would exceed to what we are expecting but of course there are some people who does compare the price chart of previous bull run. Speculators are all over the place throwing numbers which is fitting for the next bull market price.

Mauser

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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.

It's definitely possible for bitcoin to reach 60k USD this year. April isn't fully over and we still have 2/3 of the year to come. In the first few months bitcoin managed to go from 16k to 30k USD, which is almost a 100% return. Another 100% return would already bring us close to a new ATH. The real question is how realistic is such a scenario. During the summer we usually don't see big gains because many people are on vacation. That's why I would expect another really to come at the end of the year. Maybe in November we can get an early Christmas gift. The main drivers are global economic recovery and the halfing next year. Personally I am also not so optimistic and would rather expect a price around the 45k USD level at the end of the year.

michellee

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It's possible, even though we don't see any serious bulls happening. But we have to remember that bitcoin can increase suddenly without anything going to go with it.

But if there is no improvement at all until the middle of this year, maybe bitcoin will be on the bottom for a while until there is greater support for bitcoin. After bitcoin's rise to $30k yesterday and now dropping to $27k, bitcoin has tended to stay where it is today and there is a possibility that it will pick up again next week.

So it's better to wait for the increase to arrive while preparing more bitcoins in our wallets so that we can sell them if the price increases immediately. Many people still continue accumulating more bitcoins, so we should also do it before it's too late.

hugeblack

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With the economic changes that are taking place now, the price is far from reaching that level, at least for it to settle above the 60,000 level for a long time. We may see that the price will break the 40,000 barrier for some time, but it is difficult to see prices higher than that.

All these analyzes are for the normal situation, but if something exceptional happens, we may reach that secret for several weeks before a correction occurs.

_BlackStar

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Quote from: Franctoshi on April 22, 2023, 08:34:11 AM

I would consider thinking about Bitcoin hitting $69k price this year if we hit $40k, we have huge resistance standing on our way at the $30k which sent us way back down to $27k that we are trading right now. So Bitcoin will need a lot of momentum to cross pass that level of resistance as Binance conversion of their asset into Bitcoin and ETH helped us get to the $30k price range we've been expecting, likely such a big event would help us ,before I would agree with you on a possible $69k this year.

I'm on the fence about $60k this year, for me that's too close to the previous ATH. Even if the bitcoin price breaks the $40k resistance then I think the high price this year will be $45k or $50k. There may be a deep correction before the halving occurs, but I don't think we have entered a correction phase before the halving especially in April, May or June.

I am optimistic that the current price correction is only a part that should be considered important for anyone hoping for an accumulation opportunity. Bitcoin lost almost 10% of its value in the last 7 days, so I think they should be pretty sure that buying now is a wise choice.

BITCOIN4X

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Quote from: Nrcewker on April 22, 2023, 07:38:17 AM

I can’t say you exactly a number, but as history is indicating, Bitcoins follow a 4 year cycle to attain new ATH price. And this year is the fourth year. Moreover March has shown us many positive hints regarding the price of the coin, so yes anything and everything is possible. If Bitcoins manages to cross 35k usd by end of April then definitely 60k usd can be achieved by the end of the year. But currently Bitcoins are getting pullbacks, so yes we have to wait for some more time to clearly see the speculations. In the mean time accumulate as many Bitcoins as you can.

It's always difficult to predict prices with certainty, maybe not even. The analysis will support price predictions for 2023, but sometimes their accuracy is also not guaranteed.

The correction that occurred in the last week is a natural thing because bitcoin is always possible to move in two directions even without too big a reason. I believe the process of restoring the price back to $30k is expected to take place during this April, but probably not if lots of people are still allowing their bitcoins to sell for under $30k. $60k maybe, but I think it will only happen in few month before the halving or maybe after. This year, $40k - $50k is a high that is still in doubt.

DiMarxist

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We all know the higher price will come, fear and brave work together, Bitcoin price is unpredictable the bear market will not last for two years it's only last few days,weeks, and if is too long half a year you take the risk.but am speculating next month it's might reach $60k if he climbed $30k next week. if the price reach $30k there is a possibility that bitcoin will reach a price of $60k, The current price of bitcoin is just a third of the ATH of the moment. I think the next bull run might be the best one and it's might beyond our imaginations. If you see the way the price run from $20k to $30k before decreasing to $27k.

$crypto$

legendary

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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.

I'm not sure the year reaching $60K is too close to the previous ATH in 2021 but I expect this year bitcoin will experience a delay in its movement even though it has shown signs at the beginning of the year until now it can touch $30K but it needs strong support to reach at a certain point again, but all speculation can be seen because movements are always difficult to predict.

But after 2024 I might be a bit optimistic with further increases from this year maybe to $ 60K because there is a momentum where the halving block is determined again, in that year there was always a 4 year cycle which was part of previous history.

suzanne5223

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Nothing is impossible in the Bitcoin market especially when the block halving is approaching. From what I read the government already knows the benefit of cryptocurrency when it comes to border-to-border payment but didn't have the understanding or maybe they are playing a political game of seeing it as a threat to the fiat system.
Having said that, the East countries are making a good move toward cryptocurrency we both know there's a lot of money there and if it happened that they are serious about crypto and pump money into it there's a chance for BTC to make a good price this year.

LogitechMouse

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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.

My realistic speculation is, it will not reach that price.

My prediction at the start of the year was Bitcoin will move sideways at around the $17,000-$25,000, but obviously it didn't happen, and I was wrong. Cheesy

Anyway, Bitcoin within the last few days has been going down to it's past high of $30,000 to now at around the $27,000 price again. I don't really know if the bears regained the momentum again because of the price movement of Bitcoin in the past few days, or it's just a short correction, and many really sees $30,000 as a psychological resistance.

Nevertheless, I don't expect that Bitcoin will reach that price unless there will be a series of positive news online that might affect the price of Bitcoin in a positive way. When Bitcoin surged up to where it was today, it was banks getting bankrupt that is the news at that time. I wonder what will be the catalyst/s that will make the price of Bitcoin go way higher than $30,000.

My new prediction? Bitcoin will reach at least $40,000-$45,000 this year. I think that's a more realistic prediction.

AnonBitCoiner

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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.

The price of Bitcoin increases as the demand for it increases so when the mentioned countries favour Bitcoin at the mid of this year so there is no doubt that the price will increase and it can reach to 60k$.

Now a days by keeping the success rate of Bitcoin in mind everyone desires to select Bitcoin for their future success. The price can go up but we cannot ignore the reality that it can go down with the same speed when market is not according to our hopes so we should be ready for each type of condition.

Future is unseen so we just think and estimate the price but we are still unaware of future happening so it can reach to 60k$ or may be above it and it can also go down but we are unaware, it depends on people's desire towards it's investment.

Smack That Ace

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Quote from: Nrcewker on April 22, 2023, 07:38:17 AM

I can’t say you exactly a number, but as history is indicating, Bitcoins follow a 4 year cycle to attain new ATH price. And this year is the fourth year. Moreover March has shown us many positive hints regarding the price of the coin, so yes anything and everything is possible. If Bitcoins manages to cross 35k usd by end of April then definitely 60k usd can be achieved by the end of the year. But currently Bitcoins are getting pullbacks, so yes we have to wait for some more time to clearly see the speculations. In the mean time accumulate as many Bitcoins as you can.

If you believe in bitcoin's 4-year cycle, we're in year 2 of a bear cycle, not this year is the fourth year as you said. Bitcoin has been recovering since late January, not March, and there is no guarantee that if it can hit $35k by the end of this month, bitcoin will definitely hit $60k this year. When discussing bitcoin price, we shouldn't say the word "definitely" here, bitcoin is unpredictable. If a newbie with and lack of market knowledge hear that, they will most likely misunderstand.

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