Will the price gets to $60k this year? - page 9.

tbct_mt2

hero member

Activity: 2366

Merit: 838

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.

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.

SmartGold01

hero member

Activity: 882

Merit: 800

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.

Maybe Yes or No
One thing for sure which I think is that, we still have about 8 months for us to run out of this year and you can never predicts what next month or upper months will results to, just have to be positive about bitcoin growth, from my own personal point there is every possibility for the price to increase greatly since most of the investors and many users already knew halving is around the corner they may utilized this medium to hold lots of bitcoin that will surge price to see nearly $60k, that is to say we are talking about 51 percent market increase within the next 8 months to hit $60k.

CryptSafe

sr. member

Activity: 728

Merit: 421

Earlier this year, bitcoin was below $15k and grew up through to this current price. So not forget that it touches $31o before the retracement back to the current price. Now my opinion is this, bitcoin is not dependent of national policies, it is not dependent on who starts accepting bitcoin now to drive market purchase power which influence the price of bitcoin in a good condition. You just should know that bitcoin is a volatile assets and can be able to pump and dump within seconds of trade.

Currently, it's a bull market, there would be large buy order as investors are keying in so they could gather and together with their own.

Aanuoluwatofunmi

sr. member

Activity: 812

Merit: 436

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.

Bitcoin can get to $60k or even beyond this year, it may also get below thesame rate as well, if you consider where it all started in the beginning of this year, it has gone bearish to about $15k before rising back to about $30k, now that we only have about a year next to halving, we cannot consider the present situation as a conclusion but rather to take cognitive research and speculate more, maybe before the end of the year or after, there might be high volatility to pump the price high and after the halving, we may have a new all time high.

un_rank

hero member

Activity: 644

Merit: 661

- Jay -

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

...if this countries can possibly readjust policies to favour bitcoin by mid year, it will experience excess rising.

Do not depend on policies of countries for bitcoin to rise in price, except maybe their poor fiscal policies which lead to inflation in fiat.

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 is surely possible for bitcoin to reach $60, this does not guarantee that it would but it can. My predicted peak for this year is somewhere over $40k.

- Jay -

Greggry

jr. member

Activity: 55

Merit: 1

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.

Topic: Will the price gets to $60k this year? - page 9. (Read 1024 times)