Will the price gets to $60k this year? - page 8.

Lantind

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

s it possible for bitcoin to reach $60k by this year?

Maybe all this time the Bitcoin price pumping has not been so significant that the price continues to soar, and this is still only a third of a year away, there are a few more months to go and will this hit the target, although $60k is a pretty high target and it is difficult to predict given that right now the market is also undergoing a correction, although there are several months left and we will see how far the pumping will go.

Franctoshi

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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.

reagansimms

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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.

We are still in the middle of the fourth month of 2023, Bitcoin has been gradually increasing and managed to break through the long awaited $30k. Today the price of Bitcoin is observed to be sluggish now at a price of $ 27k, the decline after reaching a price of $ 30k is an important event for traders and investors. These conditions suggest that there may be significant selling pressure at certain levels, which could indicate a potential bearish trend in the short term.

Who can predict the future movement of Bitcoin prices with certainty, maybe Bitcoin will pass $ 60k or maybe vice versa. Traders and investors need to use technical analysis to identify strengths or weaknesses and levels of support and resistance in the market. This dip could be an opportunity for traders to profit from short-term Bitcoin trades before the next bull run.

Nrcewker

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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.

ilovealtcoins

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Anything is possible, nothing is impossible with bitcoin. But based on history, and the current economic situation, reaching that price point has been very difficult for bitcoin. But in investing, we should not be delusional but need to be realistic because if our expectations are too high and we do not achieve the set goals, we will be disappointed and easily make wrong decisions.

Poker Player

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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, 11:18:28 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.

Minor Miner

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

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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.

60k is too high an expectation for bitcoin, I mean, bitcoin will be easy to achieve, but it will not happen this year. Granted, no one can predict the future, and surprises can come at any time, but based on history, it's impossible to expect such high prices while we're a long way from Bitcoin halving. We're only in a 1.5-year bear season, and if you still believe in a 4-year market cycle, you shouldn't aim too high. For me, if we could end the year with $40k, that would have been a success.

rodskee

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Bitcoin is always a coin that cannot be predict , but the best part is this coin can move up and down without a need for other coin to grow or dump.

hitting 60k or at least 50k , is depending to how much support are we putting here , there are many investors that gets out in the past hype .

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also in the past dump but if we will be able to increase our small investments together , then the help will reflect to the bitcoin growth and yes , we must take part.

Quote from: darkv0rt3x on April 21, 2023, 08:44:37 AM

I wouldn't think of if like that. That makes one to be under stress always thinking about reasons why would it go up or down.

Practical way of thinking? that is more better than a loser because of over expectation .

bitterguy28

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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.

Your account is created month ago but you already created 35 topics meaning your ratio is more than 1day per one topic , sounds an account that is knowledgeable in forum.
price will break 60k this year? we ended the quarter not even breaking 30k , it needs the 2nd quarter to take it so maybe ? this is not coming in 2023 but in 2024 it may.
and looking at the market now? we can see a price dropping down now to even 27k again.
https://coinmarketcap.com/currencies/bitcoin/
and with the constant fall? Im afraid that we will be seeing 25k or below again any time soon.

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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.

It is becoming more obvious that the days of the red market is over that the days of the green market have come.
In as much as everything or anything is possible in Bitcoin speculation. Because of the price volatility, I do personally think that sixty thousand dollars is a way too high to give to the market that is just resurrecting from so many years of bear.
While I was already contemplating about this, Bitcoin made thirty thousand dollars. This shows that it is not that difficult for it to make sixty thousand dollars this year. But to be fair, let us give Bitcoin the maximum of forty thousand dollars for this year.

serjent05

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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.

That is just an assumption of a possibility and is not sure whether it will happen or not. Basing the Bitcoin price movement according to the thing that is unsure of is pure speculation or a wild guess. So I think it is better if we wait until these assumption materialize before assuming that Bitcoin will uptrend this year breaking the $60k barrier.

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.

No one knows but if we are talking about the possibility, the Bitcoin market is crazy and everything is possible, yes there is a possibility but it is slim. In my personal view, I think Bitcoin won't even get above $50k this year. We are yet experiencing the hype of Bitcoin halving and probably its effect is not as intense as the last time. We might see Bitcoin @$60k months after the halving and even go up way above the price.

dragonvslinux

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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.

It's possible, and I have heard of analysis that suggests a sort of triple top is possible based on % gain from a relief rally that Bitcoin has seen before, but personally I think around $50K is more realistic for this year. This would be the equivalent sort of bear market relief rally similar to 2019 - or mini-bull market whatever you want to call it - and the current rejection from $30K doesn't really change this analysis only delays the timing.

Either way, the fact that most people think $60K isn't possible this year only makes it more likely imo. Similar to reaching $12K in reality.

Mate2237

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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 no view to share with you. The bull is coming down again. As it is now, it is $27k and this happened only in one day so just think of what will happen in the few days to come. The first quarter of the year was good and the first two weeks of the second quarter was also good bit now the market is about to change narrative. Now that the price is $27k, let see what will happen tomorrow if the price comes down below 26$ then we might enter another bear market which might happened like last year.

marine4u

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$60k this year is a very promising price for the market to push bitcoin to reach this year. Up to this point, bitcoin has shown an impressive price recovery and a strong momentum that ended the prolonged bear market of late 2022. It is too early to confirm that the $60k target is achievable. yes or no but I have complete faith in this price. The market will go in stages and have an appropriate adjustment level. Maybe when we cross 35-40k the signal level will be stronger for sure.

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OP, what do you want to hear? A guarantee of the growth of bitcoin, a certain date when bitcoin will rise to the price you are interested in? Where did you get such confidence, is it again fantasies stimulating you to open a new topic?
I don't see any analysts who can accurately predict the future moves of Bitcoin. Therefore, your crystal ball may be shattered by your illusions.
Strong hands and patience as well as the DCA strategy will lead holders to an interesting price day one day. But yes, no matter what happens, there will always be people who will say that they predicted it. Does the forum need prophets?

Cantsay

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

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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 very possible for it to get to $60k before the end of this year but that does not mean it will get there.

I'm not really good when it comes to price speculating but I'm sure that if Bitcoin does not get to $60k or more before this year runs out it will definitely not fall below $45k, that's just my little speculation.
But you can't tell what's going to happen tomorrow or few hours from now so it's possible for everything to change due to an even that might happen which will affect price movement.

Fiatless

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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.

In recent times there has been a strong relationship between Bitcoin and the stock market. Almost every economic indicator that affects stocks also influences the price of Bitcoin. Interest rates, economic policies, wars or conflicts, demand, the performance of the fiat especially the dollar, politics, and adoption by nations or big firms will always affect the price of Bitcoin. We saw how the conflict in Ukraine contributed greatly to the fall in price last year. But the recent mini-bull run was unexpected, therefore there is every possibility that Bitcoin can get to $60,000 this year if these factors are favorable to it. But if interest rates keep going high and we have issues like the fall of major exchanges like we had last year, the price might not get to your prediction.

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Quote from: tbct_mt2 on April 21, 2023, 08:42:52 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.

If we don't have a new history, it won't happen.

In past cycles and past bear markets, Bitcoin has never recovered nearly to its all time high and I believe it won't make difference in this bear market. You will have to wait till the next halving and around it to see Bitcoin reclaims its 2021 all time high. If you want to see its new all time high, you might have to wait till late of 2024 or first two quarters of 2025.

I don't want to cool down your optimistic view but it's fact which is based on history.

I will also believe in history until a new history is made. Just because we saw bitcoin grow from $15k to $30k in the first three months, too many people expect new ATH this year, and they forget to check history that we can only have new ATH later a year when halving. We still have a long way to go from the next bull run, so the expectation of $60k this year is a very difficult one to achieve. Optimism is a virtue when investing in bitcoin, but we need to be realistic to avoid disappointment.

KiaKia

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Do not panic, a rebound in price is very healthy for Bitcoin right now, I do find it weird that we have this noticeable pullback when there is no bad news in the space currently, I am guessing that whales are the ones trying to manipulate the price, today is Friday and I believe there will be some adjustment soon. I will keep DCA into my favorite projects for now because it's too uncertain to know where Bitcoin value will be by the month of MAY, some people are saying that MAY is always a bearish month, if that's the case I will be able to get more coins through accumulation. It's all good if you are in this for the long term as there is nothing to be worried about. Do you want advice? Keep getting your hands on more Sats before the time runs out, ATH will come like a storm when people least expected it.

darkv0rt3x

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I wouldn't think of if like that. That makes one to be under stress always thinking about reasons why would it go up or down. It's true that there are more and more countries where we see their currencies going down against the dollar or the Euro, and which economies are quite fragile and that this may be a drive for people to run away from fiat more and more and to increase demand of Bitcoin but that is ust a sign to keep buying and hodling it! Time will come when we will thank we DCA'ed for all these years!

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