Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Cryptocrit on February 28, 2024, 11:46:00 AM
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Tom Lee, who leads the research team at Fundstrat Global Advisors, has boldly predicted that Bitcoin's price will reach $150,000. This forecast stands out amidst Bitcoin's recent pause in its upward trend and differs from some analysts who expect a period of slower growth. Lee's optimism is based on several factors. He believes that the demand for Bitcoin will rise due to the potential approval of Bitcoin Exchange-Traded Funds (ETFs), an upcoming event known as the Bitcoin halving which reduces the supply of new bitcoins entering circulation, and the possibility of the Federal Reserve easing monetary policy.
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https://www.cryptocrit.xyz/2024/02/Bitcoin-price-prediction-Tom-Lee.html (https://www.cryptocrit.xyz/2024/02/Bitcoin-price-prediction-Tom-Lee.html)
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With the way the current bitcoin market performance is going, we are likely to have more than $150,000 after the halving after which the bullrun is achieved, we cant afford not to position ourselves towards the next bitcoin move that may resulted at anything above $100,000 if we are holding now, its all to our profitable chances to see that the market increases and we are part of the experience in it as it progresses.
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I mentioned it a few days ago and now I see him after a long time, which is not something I'm happy about. That man is one of the most confused characters I've ever heard, and I've always wondered what kind of character you must have to appear in front of the cameras and say something about a subject you've been wrong about countless times.
That's according to Fundstrat's Tom Lee, who said in an interview with CNBC on Wednesday that he sees bitcoin surging another 300% next year.
At its current price of about $29,000, a quadruple in bitcoin would put the crypto asset well above the $100,000 mark at $116,000.
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Its seems not close opportunity with Bitcoin will reach to $150 after increasing price today of bitcoin until making new highest price around close $60k. Actually very optimistic with Tom Lee's prediction bitcoin will raise up to $150k in this year but depend before and after halving will get large correction or not.
Bitcoin keep stable exactly after halving and strong defend with higher price will easily to make bitcoin raise based on prediction from Tom Lee and waiting there are not internal problem with country dislike bitcoin for making FUD or sharing bad news. Lets dreaming the another higher price of bitcoin in this years start from tomorrow and we will see how most expensive of bitcoin price.
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For me $85k-$100k is possible in 2024 but with $150k I am a bit skeptical though it still depends on some events along the way to the end of the year. Too early to speculate, a lot of things might happen, I could be wrong but yeah like it or not we're going up there soon.
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I think now we are going to see a bunch new predictions every day. As bitcoin price is gaining each our, people is going to speculate now on the growth. It does not matter who you are, cryptocurrency analytics or a taxi driver. Each and everyone is going to make predictions. Recently people were talking about $100k and I have said it is a joke until there is an explanation for that. Now it is even worse, people see price growth, add to previous prediction an amount to make total look round and solid, and announce "I predict new price". I always want to ask those people, why $100k, $150k, but not $105k or $157k ?
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LMAO
;D
Tommy Lee is predicting the same thing I have repeatedly said on forums. And it's not just me, there's almost a consensus that next cycle we'll get to that figure. The bad thing about this is that it reminds me of how in this cycle the consensus was that the ath would be over $100,000, and we saw how that turned out.
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@Don Pedro Dinero, the last cycle was one of the usual ones (if we can call it that), so even though Plan B and many others tried all the time to impose the story of $100k as it's a sure thing, realistically after the pandemic interest rates were raised and money became more expensive for big investors, and ordinary people spent a good part of their savings on mere survival.
Now there is enough money and everyone is super optimistic because they are betting on halving and spot ETFs - and for me personally that means that anything less than $150k in terms of the new ATH would be a big surprise.
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For me $85k-$100k is possible in 2024 but with $150k I am a bit skeptical though it still depends on some events along the way to the end of the year. Too early to speculate, a lot of things might happen, I could be wrong but yeah like it or not we're going up there soon.
By seeing the bitcoin price movement lately, I think $150K is reasonable. Bitcoin has touched $ 63K today, and this happened before the bitcoin halving. It looks like big investors want high prices this year and bitcoin is predicted to touch more than $200K. Yes, maybe this is high expectation. But it probably will.
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For me $85k-$100k is possible in 2024 but with $150k I am a bit skeptical though it still depends on some events along the way to the end of the year. Too early to speculate, a lot of things might happen, I could be wrong but yeah like it or not we're going up there soon.
By seeing the bitcoin price movement lately, I think $150K is reasonable. Bitcoin has touched $ 63K today, and this happened before the bitcoin halving. It looks like big investors want high prices this year and bitcoin is predicted to touch more than $200K. Yes, maybe this is high expectation. But it probably will.
Dont forget, that when old ATH will be reached and the price would go a bit above it. Those who have bought Bitcoin 2 years ago @ $69k, those newcomers, they are going to jump off Bitcoin rocket. Waiting for few years to get your money back; that is some of an achievement. There are always such people. They will pause the growth, or will try to stop it. But what market makes now, this is something unbelievable. I did not expect to reach $60k, but it looked to easy. Amazing. Yet I have doubts that the price will reach $100k or $150k any time soon. Suspiciously things are doing great lately.
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That we are in a bull run is undeniable. But I think reaching $150,000 this year is overstating things a lot. Let us remember that after the rise that we have been experiencing in recent days, logic dictates that there should be a drop in values. That fall would not be to previous levels but something above, from that moment on it could rise again to other higher minimum values, to continue climbing in that staggered way. I don't think Bitcoin will surpass its last ATH by more than double this year. But I hope I'm wrong and receive a big surprise.
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~snip~
I think that everything depends on how much the ETFs will accumulate Bitcoin, because a few days ago that figure was 300 000 BTC, and as of yesterday it is already almost 330 000 BTC. When you look a little closer, they bought 30 000 BTC in a week, and if they continue like this, that means 100 000 + BTC per month, which would mean that by the end of the year, they will have about 1.3 million BTC in their possession.
Such an outflow of BTC from the market in combination with halving can easily double the price by the end of the year.
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It's always difficult for them to predict that Bitcoin can bottom at a particular price when it was crashing back then from 2021 and 2022 but because ETFs has been approved, they have become bitcoin wizard and mini Bitcoin specialist that knows everything about bitcoin but you wouldn't see them fight for Bitcoin when it's crashing.
It's understandable that many of them hold Bitcoin but they will not admit of having stash of them and that's because many of them are scare what the government will do to them. If you can't defend bitcoin when things are bad, you shouldn't be calling for higher price because you bought when you think it's an opportunity.