Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: examplens on February 29, 2024, 11:34:01 AM
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Maybe it's too early to talk about it, but this rune will reach its maximum one day. At least that's how it's always been until now. Somehow, after every bull run, the value returned to the lower resistance limit, it was always significantly more than after the previous cycle.
I'm interested in what you think, what is the value of Bitcoin below which it will no longer go?
I see $40k as the bottom line, even if BTC crosses the $100k mark this time.
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It is natural that the Bitcoin market will go up and down, until now no wise person has been able to accurately predict the price of Bitcoin. Bitcoin price will surely set new record after 2024 halving. Although currently the price of Bitcoin has improved to $64,000, I believe that the price of Bitcoin will continue to decline as it creates opportunities for investors to buy ahead of the bill. And after the halving takes place in April 2024, Bitcoin will regain its own momentum and definitely touch the 6 digit number (100000). If you look at 2021 you will definitely see the havin' estimate because in 2020 the price of Bitcoin was only $17k to $20k. But the peak price increase was in 2021, so wait till 2025 to see the bull run.
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I see that as well, making $40k as the bottom and it might never reach there again. Knowing that a lot of money has come into the space and it's not the digital money, it's actually the people who don't want to setup wallets etc and just want their assets be exposed to crypto. I think it is a game changer that ETF is here for BTC. Maybe watch out for the news like ETH having its own ETF?
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I'm interested in what you think, what is the value of Bitcoin below which it will no longer go?
I see $40k as the bottom line, even if BTC crosses the $100k mark this time.
Where we are going to bottom strictly depend on how far Bitcoin moves and how many more returns resistance that are form on its way up. After reaching all time high, it will come and settle there which will now be acting as support. Hopefully, we don't see catastrophic things that happened like last year such as China ban, FTX collapse and many lending platforms that were bankrupted.
In addition, let's hope whales like Microstrategy and many top Bitcoin holders don't move their coins because the market quickly react when old wallet move bitcoin from one wallet to another.
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If you look at 2021 you will definitely see the havin' estimate because in 2020 the price of Bitcoin was only $17k to $20k. But the peak price increase was in 2021, so wait till 2025 to see the bull run.
Yes just need to see how each cycle happens, and this is pretty much the same.
Just have to wait for the ATH to be reached, and it will be the peak where the next cycle will occur.
It is still quite early at the moment and Bitcoin has just broken through the price of $60k++,
approaching the last ATH of 2021 and almost passing it again.
FOMO will occur, and the market also provides an opportunity for altcoins to reach their respective ATH.
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I'm interested in what you think, what is the value of Bitcoin below which it will no longer go?
I see $40k as the bottom line, even if BTC crosses the $100k mark this time.
It seems we have the same view on this. Just yesterday, I was also giving serious thought to what the peak of the Bitcoin bull market will be and also what could be the bottom. I just concluded that the bottom would be in the range of $40k–$30k, even if it will not dip to that length, but that's how I wish for it. If Franky1 was here, he would argue this because, according to what he said before, the bitcoin price doesn't dip below the previous ATH, so normally it should not go below $68k. In two past circles, the bitcoin price has dipped below the previous ATH of the previous year, so it is expected that such a history can still repeat.
In conclusion, I expect the bottom will be around $30k or $40k.
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It is still quite early at the moment and Bitcoin has just broken through the price of $60k++,
approaching the last ATH of 2021 and almost passing it again.
FOMO will occur, and the market also provides an opportunity for altcoins to reach their respective ATH.
It may be early, but long-term holders certainly want to think about what will happen after this. The most difficult thing is to recognize when ATH is and possibly time for cashout. You can always think that someone bought BTC in 2021 at a price of $64k, and he still hasn't touched the zero point of his investment.
Likewise, someone will sell now at $60k or $70k, so they will wait for a pullback to buy again. That is why I think that a useful analysis could be made here.
It is natural that the Bitcoin market will go up and down, until now no wise person has been able to accurately predict the price of Bitcoin. Bitcoin price will surely set new record after 2024 halving. Although currently the price of Bitcoin has improved to $64,000, I believe that the price of Bitcoin will continue to decline as it creates opportunities for investors to buy ahead of the bill. And after the halving takes place in April 2024, Bitcoin will regain its own momentum and definitely touch the 6 digit number (100000). If you look at 2021 you will definitely see the havin' estimate because in 2020 the price of Bitcoin was only $17k to $20k. But the peak price increase was in 2021, so wait till 2025 to see the bull run.
Stop spamming. If you have to write something, try to be on topic.
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It is difficult to speculate about the lowest possible value until we know what the ATH will be in this bull run, but if we look at the historical data, we can see that the corrections were even over 90%, so even though this happened in the first years, after the 2017 bull run we had a correction of about 70%. Based on that, we could play with the numbers and try to estimate what could happen.
- $100k ATH - correction 70% = $30k
- $150k ATH - correction 70% = $45k
- $200k ATH - correction 70% =$60k
Of course, any change in the ATH and the correction percentage changes the results - and I think we should take into account that after the last bull run, the price of BTC fell below the previous ATH, which can be attributed to the special circumstances related to the Do Kwon and FTX scandals that caused a real panic among investors.
If there are no such scandals and if ETFs funds do not sell huge amounts of BTC, it is possible that the correction will be significantly smaller than before, and up to 50% would be "positive", no matter how excessive it may seem to some.
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Likewise, someone will sell now at $60k or $70k, so they will wait for a pullback to buy again. That is why I think that a useful analysis could be made here.
The price of $60k or $70k would be the current high and $70k could be the new ATH.
This is the peak price, and certainly most investors will take profits and wait for the price to drop to start buying back.
One certainly needs to be patient when they buy at the top price during the last ATH in 2021.
Now when Bitcoin touches the price of $64k, the price suddenly drops and this is an indication that most people are taking advantage of the cheaper initial purchase.
Analysis is very necessary because it will be useful to be able to read how market prices will go and when we should enter and exit.
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I am a very optimistic person about Bitcoin, but this time around, I think my expectations are very high, which means that I expect to see the price of bitcoin between $250k and $300k, why? We have accumulated the ETF effect, the approval of this ETF has not yet been seen well, also the Halving effect, apart from this things are different because I at least think that bitcoin grows every 4 years, it is something that already I have decided, it may be sooner or later, I don't think we will get out of that cycle, although if that 4-year cycle is fulfilled, we can expect a new ATH.
And since each new ATH is more explosive than the other, I hope that it reaches that calculation, maybe I am wrong, but if it does, I think that the maximum will then drop to $100k and there it will begin to stabilize, and a next bullish run, which more or less, it will be enough and within 4 more years I could think about $800k, which is not that long, but it is possible.