BTC Prediction - $100k or Below $20k?

[Paragon2]

If we look at current price of Bitcoin today it has reached almost $42k dollr and just a few days ago it price was around about $37k. There has been a big pump and we all know reason behind this could be upcoming Bitcoin halving scheduled for next year. Predictions are being made that Bitcoin's price might reach an all time high of around $65k or even higher. The journey towards this seems to have already begun as evidenced by recent investments such as MicroStrategy investing almost $590 million in Bitcoin acquiring around 16k bitcoins when the price was around $37k to $38k

I think here is a lot of hope that Bitcoin will surpass the $70k barrier and drive the market higher there is also a lot of uncertainty. Because previous forecasts have been so different there has been conjecture over the future of Bitcoin. As of right now forecasts suggest that if Bitcoin doesn't reach its earlier highs it might increase to the $45k to $50k region at start of new year.

Bitcoin price will touch halving in this new year so Bitcoin price is likely to reach its highest level in 2024. Halving's years have seen Bitcoin realize its own momentum and continue to thrive. Block shrinking occurs every four years with Bitcoin.  Bitcoin price will definitely touch above 60k in 2024.

[bitterguy28]

Greetings Crypto Lovers,

As we have seen a lot of predictions and a lot of news regarding the BTC/Bitcoin pump in the past year(2021) and the most users predict it even to pump $250k but BTC only reaches the $60k level.

So What do you guys think? BTC will cross the $60k barrier and push the whole market to reach a new height or It will just be dumped again like it was in 2017/2018.

Obviously it fails to hit even closer to 60k and there are no way that it will ever happen , actually even this year of 2024 while the market is bullying ? it made me harder to believe that we will be hitting 60k because i believe that the bull will totally come in 2025 .

[Peter90]

Record Bitcoin Call Volumes Target $50,000 By January


An increase in open interest signals higher liquidity and more market participants.





What's just as notable, is that the majority of the options traded in the past 24 hours have been calls, with a breakdown of 60% calls and only 40% puts.

It's not just the most recent option trades that are bullishly biased: when The Block examined the most notable monthly options expiry on Jan. 26, 2024, the majority of options were calls. Among these call options, those with the highest trading volume in the past 24 hours have a strike price of $50,000, according to Velo Data.

This suggests that traders increasingly expect bitcoin to hit $50,000 - a level last reached in December 2021 - by January, when many market observers expect the SEC to finally allow exchange-traded funds to directly hold the cryptocurrency.

Let's see if the 50.000$ December prediction becomes true 

[Don Pedro Dinero]

Obviously it fails to hit even closer to 60k and there are no way that it will ever happen , actually even this year of 2024 while the market is bullying ? it made me harder to believe that we will be hitting 60k because i believe that the bull will totally come in 2025 .

Well, with the approval of spot ETFs in the US we are close to $50,000, and between this and halving I am sure the price will pass $60,000 this year. I am more doubtful if it will break $100,000, but if it doesn't this year, I am sure it will next year.

[bitbit97]

Obviously it fails to hit even closer to 60k and there are no way that it will ever happen , actually even this year of 2024 while the market is bullying ? it made me harder to believe that we will be hitting 60k because i believe that the bull will totally come in 2025 .

Well, with the approval of spot ETFs in the US we are close to $50,000, and between this and halving I am sure the price will pass $60,000 this year. I am more doubtful if it will break $100,000, but if it doesn't this year, I am sure it will next year.

History shows usually completely different picture. Bitcoin has a year of price growth, price drop, stagnation and a year of volatility. During year of growth, there is a period when price charges to the sky. Year 2023 was a year of growth, now we observe how during month or two price showed a jump. So right now there will be several months of growth and pretty much it. Next year (if 2025 is next to you, 2024 has just started) definitely not going to be a year of growth.

[Papusha20]

Currently, the price of Bitcoin is up to $48969. Only small bulls took place in the race. Already the price of Bitcoin will touch 50k. And I think bitcoin price will definitely reach one hundred thousand dollars after bitcoin halving in future.

[Alcor]

Obviously it fails to hit even closer to 60k and there are no way that it will ever happen , actually even this year of 2024 while the market is bullying ? it made me harder to believe that we will be hitting 60k because i believe that the bull will totally come in 2025 .

Well, with the approval of spot ETFs in the US we are close to $50,000, and between this and halving I am sure the price will pass $60,000 this year. I am more doubtful if it will break $100,000, but if it doesn't this year, I am sure it will next year.

Now Bitcoin is showing good price growth, but during this period and before its halving in April, we will still see one or even several price corrections. However, they will also be there after halving. Correction is necessary for further growth. High price volatility will also manifest itself during periods of rapid growth, and this is very attractive to participants in this market. After each halving, the price of Bitcoin reaches new heights. Therefore, by the end of 2024, we can expect a Bitcoin price of one hundred thousand dollars. But the price of Bitcoin and other cryptocurrencies will be influenced by news and events of our objective reality.

[Power420]

Many experienced people about Bitcoin who have predicted by this 2024 Bitcoin Halving that the price of Bitcoin will surely touch one hundred thousand dollars. And you stay tuned for this next Bitcoin holdings chart.



Block Rewards


Details: https://www.swanbitcoin.com/bitcoin-halving-dates/#:~:text=When%20is%20the%20Next%20Bitcoin,is%20based%20on%20current%20estimates.

[Litzki1990]

According to the current market, the target for Bitcoin is to cross the barrier of $50,000. We have seen the price of Bitcoin touch up to $48000 but last year or this year so far Bitcoin has not touched $50000. In the first step, if Bitcoin can cross the barrier of $50,000, then Bitcoin can reach the target above $60,000. Although there is pumping and dumping in the market, we are quite optimistic about the market and we think that the market may cross the barrier of 50 thousand dollars very soon. If we cross the barrier of $50,000, we will wait to reach $60,000.

[debra]

According to the current market, the target for Bitcoin is to cross the barrier of $50,000. We have seen the price of Bitcoin touch up to $48000 but last year or this year so far Bitcoin has not touched $50000. In the first step, if Bitcoin can cross the barrier of $50,000, then Bitcoin can reach the target above $60,000. Although there is pumping and dumping in the market, we are quite optimistic about the market and we think that the market may cross the barrier of 50 thousand dollars very soon. If we cross the barrier of $50,000, we will wait to reach $60,000.

Exactly. The price of Bitcoin already passed $48k, the next target should be passing $50k. But seeing the current price of Bitcoin, it seem to happen not in the near future. The market needs for some correction first, then the price may begin to increase again and probably pass $50k soon.

In my opinion, the correction may stop in the end of this month. So the price of Bitcoin may try to struggle above $50k in the next month. And the price may start to increase to $60k at the end of March. I am optimistic that we will see the Bitcoin price above $60k in April, when the Bitcoin halving happens.

[Odohu]

I still expect BTC to go to 100K and 150K, so my price models will be complete. Then BTC can drop to 20K so I can buy it back ^^
Many people are still worried about the downtrend but I am still optimistic and continuously DCA altcoin.

Eventually it will get to that price but we don't know the time it will happen. I was expecting the Bitcoin ETF approval to lead to some significant rise in price probably to a new ATH, unfortunately that did not happen. So we really need another strong fundamental to make price of Bitcoin get to $100k. Maybe the halving will or the 4 years cycle will do the magic. While we are looking forward to that happening, the best we can do now is to accumulate as much Bitcoin as we can.

[Aanuoluwatofunmi]

If we are to follow up with the virtue of what others have said, then we may have to assume that bitcoin is definitely going to achieve more than hundred thousand dollars worth after this year halving coming soon, but the way other people are saying it is to attack the whole thing and make people fear about it that bitcoin may not achieve up to that, the reality is that we may probably revisit the dip the second time, but that doesn't mean that's where we are settling for, a new all time high is achievable after halving.

[armanda90]

Eventually it will get to that price but we don't know the time it will happen. I was expecting the Bitcoin ETF approval to lead to some significant rise in price probably to a new ATH, unfortunately that did not happen. So we really need another strong fundamental to make price of Bitcoin get to $100k. Maybe the halving will or the 4 years cycle will do the magic. While we are looking forward to that happening, the best we can do now is to accumulate as much Bitcoin as we can.

In the fact ironic with current bitcoin price five days after ETF approval bitcoin stuck around $43k and keep stable with lower price than our expectation after ETF approval bitcoin will raise close with new all time high price. Probably with stable bitcoin lower price difficult with expectation bitcoin will raise above $100k for this year exactly after halving, left few months but bitcoin can't give us moment to see will raise higher price although halving most large opportunity to make bitcoin raise higher price.

Need to give space or more time for bitcoin raise to higher price or how many positive news need to make bitcoin will close our expectation raise to $100k.

[yohananaomi]

If we are to follow up with the virtue of what others have said, then we may have to assume that bitcoin is definitely going to achieve more than hundred thousand dollars worth after this year halving coming soon, but the way other people are saying it is to attack the whole thing and make people fear about it that bitcoin may not achieve up to that, the reality is that we may probably revisit the dip the second time, but that doesn't mean that's where we are settling for, a new all time high is achievable after halving.

Before the halving era occurs, it is very likely that it will be corrected, and it is possible that the price will fall again from now, which has improved, but the possibility is very small that it could reach $20K. That is certainly good for Bitcoin to prepare itself for the sharp increase afterwards. $100K was a prediction for 2021 that was not achieved; is this now what Bitcoin will catch up to? Of course, it can happen.However, several analysts predicted that the price would rise above it because there was positive sentiment from the ETF, even though it was surprising that there was panic after a few days when the ETF was legalized.If indeed the ETF will bring a positive side, then $100K will be able to pass after the halving period ends, so be prepared for that surprise.

[Aanuoluwatofunmi]

Maybe by now we shouldn't be talking about the way bitcoin is going to plummet down below $20,000 or so, we are heading straight to a all time high above hundred thousand dollars once the maximum all time high of $69,000 has been achieved, this is what will cometh forth after the halving, we are expecting bullrun to take over as well as seing the marke rising towards the maximum height of anything above hundred thousand dollars after the halving.