Bitcoin New Record 2024 Bitcoin Price Touches 50K

[Primo1760]

2024 sets new record, Bitcoin rises to highest level since 2023  Investors who have invested in the beginning of 2023 have got double profit at present. Bitcoin price shows signs of further growth after the 2024 halving.

Will the price of Bitcoin increase further before the halving?
Any Opinion?

The Bitcoin market may peak for 2024 but it is not a new record in the lifetime of Bitcoin, there is still a long way to set new records which we will see very soon. We know bitcoin halving is not too far before bitcoin halving because the market has recovered a lot so when market bull season starts after bitcoin halving we can see new ATH in bitcoin market. I think the market may go a bit higher before Bitcoin halving, but only around $60k. My prediction is not correct because we cannot predict technically. We can make a hypothetical prediction that Bitcoin will go up to $60000 before the halving and during the bull season it could go from $100,000 to $160k. It is not enough to do only market analysis, we have to move forward by investing as the market grows. If the investment can be carried forward, you will find profitability when the market rises.

[NikeFit_7777]

Yeah, perhaps its good if you can get some profits, but for the majority, we should look for long term though before we sell and make profits. Definitely, we should be calm as well and not get excited for every huge pump that we have seen.

Remember that we are still way below the previous ATH of $69k. So it really doesn't make sense to sell as it is necessary. We can still make great gains after the block halving as the price could set a new record again and again just for this year.

Of course it's good. Buy when everyone is afraid, wait a while and sell when everyone starts buying. About (sales), it's all relative. It depends on what you expect to see in % ratio + what price you bought at. For me personally, the bull market started at the $30,000 price point. If you bought below 20k for 1 bitcoin. Why is everyone so sure that halving will play a very big role in raising the price? How can everyone be so sure? It's really interesting. 

P.S. Make decisions only on your own. Do not listen to anyone in this regard. 

Interesting information: +23% YTD

[antonyyu3]

Last two weeks is craaaaaaaaazy! What exactly trigger BTC went all the way up?

[MrSpasybo]

Of course it's good. Buy when everyone is afraid, wait a while and sell when everyone starts buying. About (sales), it's all relative. It depends on what you expect to see in % ratio + what price you bought at. For me personally, the bull market started at the $30,000 price point. If you bought below 20k for 1 bitcoin. Why is everyone so sure that halving will play a very big role in raising the price? How can everyone be so sure? It's really interesting. 

P.S. Make decisions only on your own. Do not listen to anyone in this regard. 

The positive impact of Halving on BTC price is given based on history: after halving, BTC price did not retest the bottom of the previous crypto winter, it just continued to increase and create new ATH in the new cycle. This has been repeated 3 times and we can expect it to repeat in this cycle. This is an expectation, not the rules of the game of BTC.

In addition, the cyclicality of BTC price also suggests an optimistic scenario: we have 3 years of price increase + 1 year of price decrease = 4-year market cycle. We may be in for a bullish year and I would wait for a green candle for 2024.

[debra]

$100k, in my opinion, is still a small number because the price of Bitcoin should be able to increase very expensively because it is supported by a very limited supply factor, which will make Bitcoin even more difficult to get. Currently,  many are waiting for the price of Bitcoin to reach the target you mentioned. Hopefully, there will be good news that can trigger investors and whales to buy Bitcoin again and make Bitcoin holders happy.

$100k small number? Dude, $100k isn't a small number, you can count the gap between $100k and the current price. If Bitcoin can achieve $100k, I think Bitcoin already achieved something big. Many people stated $100k to be achieved easily, but I think it won't be so easy. There should be some negative news in the future, it may make the price to drop again. And we may also see the market manipulation made by the whales. So, I'm quite satisfied although Bitcoin can achieve $100k only.

[jonathancool220]

Will the price of Bitcoin increase further before the halving?
Any Opinion?

The world economy is currently recovering and finally I can judge that it is very possible for Bitcoin to rise in price before the halving, just waiting for the best moment.
I still remember when after the previous Halving the Bitcoin price increase looked quite high and the rising position was during the Covid-19 pandemic, there should be no increase for Bitcoin.

Currently, the world economy no longer has the Covid-19 pandemic (in various countries there may be new regulations regarding the Covid-19 pandemic).
That means Bitcoin's price should rise again before the Halving is supposed to happen for now and this is very good for us to buy Bitcoin when it was below 50,000 USD yesterday.

[Baofeng]

^^ Regardless though of what is happening around the globe, yeah it could have an impact to Bitcoin market, but as we have seen in the past, a halving is the catalyst for a eventual bull run.

We have seen $52k already and it might continue to touch at least $60k before the halving. So that is really huge start price for us and then we wait till the price reaches 6 digit next year. New records will be set definitely, it's just a question on how big will this bull run to all of us.

[therozaq]

^^ Regardless though of what is happening around the globe, yeah it could have an impact to Bitcoin market, but as we have seen in the past, a halving is the catalyst for a eventual bull run.

We have seen $52k already and it might continue to touch at least $60k before the halving. So that is really huge start price for us and then we wait till the price reaches 6 digit next year. New records will be set definitely, it's just a question on how big will this bull run to all of us.

Me too, I also predict bitcoin will touch 6 digit next year, maybe at $ 150K. Bitcoin  already touch $ 52K, it's good start price before halving. As OP said, it's a new record at 2024 and I believe bitcoin will have new ATH at 2025.

[sampoerna]

The price of Bitcoin continues to rise and fall. Bitcoin fluctuations cannot be fooled. So far, the price of Bitcoin has been quite explosive with almost reaching the $53k mark, right? However, before it reached that number, Bitcoin had to experience a market correction again. So currently the price of Bitcoin has fallen to $51,250, and is still going up and down quite significantly.

Source: Coin market Cap

[TopT3ns]

The price of Bitcoin continues to rise and fall. Bitcoin fluctuations cannot be fooled. So far, the price of Bitcoin has been quite explosive with almost reaching the $53k mark, right? However, before it reached that number, Bitcoin had to experience a market correction again. So currently the price of Bitcoin has fallen to $51,250, and is still going up and down quite significantly.
~
Source: Coin market Cap

It seems that there is no good news that can trigger investors to enter Bitcoin, and currently there is a lot of bad news circulating on Bitcoin, which has finally caused the price to collapse as it is now. Bitcoin price movements depend on investors coming in and buying Bitcoin because the price is very high. It's expensive like this, so many people think deeper when they want to enter without any good news to start with.

[taufik123]

It seems that there is no good news that can trigger investors to enter Bitcoin, and currently there is a lot of bad news circulating on Bitcoin, which has finally caused the price to collapse as it is now. Bitcoin price movements depend on investors coming in and buying Bitcoin because the price is very high. It's expensive like this, so many people think deeper when they want to enter without any good news to start with.

Isn't the Bitcoin halving enough to get them into Bitcoin?
We haven't even passed it yet, and there are still a few months left before the halving happens.
The halving will trigger for more new investors to start entering and this will be the point where the bull run will begin soon.

Remember when last year Bitcoin touched a price below $20k and many people said that bitcoin will not be able to rise anymore and will get worse, but in reality Bitcoin can now break through the price of $50k and will soon reach the last ATH price and print a new ATH price.

[UNIVERSE]

Will the price of Bitcoin increase further before the halving?
Any Opinion?

Surely.
Soon the Bitcoin halving will occur, although there are some differences regarding the exact time on some sites, but the point is that it will not be long before it happens. And so far, the price of Bitcoin has grown quite significantly. It's just that the price of Bitcoin continues to change according to its fluctuations. After yesterday Bitcoin was more than $52k, currently it is falling in the range of more than $51k. So it's certain that there will still be ups and downs.

[bounceback]

^^ Regardless though of what is happening around the globe, yeah it could have an impact to Bitcoin market, but as we have seen in the past, a halving is the catalyst for a eventual bull run.

We have seen $52k already and it might continue to touch at least $60k before the halving. So that is really huge start price for us and then we wait till the price reaches 6 digit next year. New records will be set definitely, it's just a question on how big will this bull run to all of us.

Seems not difficult with next target for bitcoin raise up to $60k after success break out above $50k, bitcoin have potential for this years since halving left two months later and keep going to make new all time high price.
Halving become moment for bitcoin going to bull run but for this halving edition how much higher price of bitcoin will break out?
Current bitcoin still stuck around $52k and seems need few days later will make another new higher price or bitcoin will correction before going up when halving close.

[Fivestar4everMVP]

Will the price of Bitcoin increase further before the halving?
Any Opinion?

Surely.
Soon the Bitcoin halving will occur, although there are some differences regarding the exact time on some sites, but the point is that it will not be long before it happens. And so far, the price of Bitcoin has grown quite significantly. It's just that the price of Bitcoin continues to change according to its fluctuations. After yesterday Bitcoin was more than $52k, currently it is falling in the range of more than $51k. So it's certain that there will still be ups and downs.

Yeah, corrections are very healthy for the long term growth of any asset, when an asset goes up and after a while, it starts coming down, it simply means that those who invested earlier are then taking profit, which also is an opportunity for new investors to enter or open position in that asset as well.

So, the decline in the price of bitcoin is very healthy for its growth going forward, and besides, we should also know that we are not in the bull run season yet, bull run is expected to begin around October this year, and it will run till around March next year, depending on how heavy the run is, and also worthy of note again is that, even in the middle of a bull run, corrections happens from time to time as well, they are healthy and helps on board new investors.

[NikeFit_7777]

The positive impact of Halving on BTC price is given based on history: after halving, BTC price did not retest the bottom of the previous crypto winter, it just continued to increase and create new ATH in the new cycle. This has been repeated 3 times and we can expect it to repeat in this cycle. This is an expectation, not the rules of the game of BTC.

In addition, the cyclicality of BTC price also suggests an optimistic scenario: we have 3 years of price increase + 1 year of price decrease = 4-year market cycle. We may be in for a bullish year and I would wait for a green candle for 2024.

So, a few years ago, nothing much happened to the bitcoin exchange rate (in general, the entire market ) during the halving period. My (subjective opinion) is that during halving, which is in 60 days, not much will happen. Yes, maybe the price will rise by +5/15% - but it will not be related to this event. Absolutely wouldn't mind seeing 68k as well, even though it's 100k for 1 bitcoin. I have nothing against it, as long as it really happens. 

P.S. Keep in mind that markets are not always cyclical. There are exceptions, so I personally will not make any flash conclusions yet. As always, it's only a matter of time before we see what's what and where.