What is your educated guess relating to the end of year BTC price?
My personal assumption is 70K GBP (88K USD / 82K EURO), I may be pessimistic with my assumption but the risk management side of myself sees this as achievable.
obvious that the price of Bitcoin cannot be determined by assumption that is why many people today who predict the price of Bitcoin some of them got it wrong because the price of Bitcoin is not constant since I've known what is BTC the price of always fluctuates and you come predict the particular price ratio now it happened that bitcoin might fall beyond that you are expectation or prediction, so rising of Bitcoin and the falling of Bitcoin is not measurable and you cannot depend on it as a crypto investor to purchase a Bitcoin you can go into your investment of Bitcoin through what you see and also what you understand through the chat on Bitcoin.
I agree that the thread should be moved to Speculation.
The price literally on December 31 is unpredictable. The bull market hit early this year, so maybe we'll be back to the bear market by the end of 2024, and the price can easily be around $60k, for example. A more interesting question to me is the ATH of 2024, whenever it happens. I think we can expect $100k, maybe $120k. It's a modest increase actually, below 2x from the previous ATH. But since the market is already so big, it's a very significant addition to market capitalization anyway.
your pond is exactly my scenario because bitcoin price is not measurable and is your unpredictable for now to conclude what the price of Bitcoin will reach or be before the ending of the year or by the ending of the year, anything we are saying concerning that is a speculation and the also a prediction that can fail tomorrow because it is obvious that price of Bitcoin mighty go below the current price of Bitcoin so therefore we have to not have an exact prediction of Bitcoin because the price interchanges... for the aspect of the board I believe that speculation is the well suited for this thread to be discussed.
I will be waiting for this post in the Speculation board where it belong but for my input, I don't think we still have to doubt if $100k is achievable before the end of 2024 because it is just around the corner. Sincerely, I am looking at Bitcoin price beyond $100k already with targets at $150k which is understandable and achievable. The combined effect of the halving and the ETF is just enough to make it come through.
two things are involved in this prediction nobody believe that the price of Bitcoin might fall when the price was going up, but but it later decreases to the extent that some people who is a newcomer in cryptocurrency especially Bitcoin was bias and feel disappointed when the price drop from seventy three thousand to fifty something thousand [73k/55k there about] so it may be that the price will it decrease and they will not get to our expectation price we think that the price of Bitcoin will be by the end of this year.
At the end of the day it’s just a guess. No matter how much study and research you do to make the guess, it’s impossible to predict accurately. I have been following bitcoins from many years. I have seen Bitcoins follow a 4 year cycle to reach ATH price. Now as the ATH price is achieved, hence some correction in the price is expected. Hence, I am assuming Bitcoins will lie in 65k usd range at the end of this beautiful year.
there is every possibility that the price of Bitcoin might the end up with the such price you said, like exactly sixty-five thousand [65k] before the ending or by the ending of the year, but the thing is that the price of bitcoin is unpredictable and I believe that its the market and investors that sometimes influence the price of bitcoin...some people will because of the green colouration of bitcoin in the market and hope that the price will continue to increase.