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Author Topic: What are your expectations for bitcoin in the second quarter of 2024?  (Read 1485 times)

Offline Google+

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I think the price of BTC will improve after experiencing a correction, and hopes of reaching 90k$ up will flare up,
For our events, no one knows in the future because there will always be many surprises in cryptocurrency
I think everyone is expecting the actual price to pump up abit, and this thought is also tied up with the fact that the halving month is already here and we know from pst records of the price movement that after the halving, the price normally goes up abit and I know so many investors are eagerly waiting on this to actually come through, maybe the price to be at $100k or even more although I don't know if this movement can change but for the main time, it has always found a way to get the victory.
When Bitcoin wants to reach a price of $100k then there must be good news that can trigger the Bitcoin price to rise. If there is no good news that can trigger investors and whales to enter and buy Bitcoin then it will be very difficult for Bitcoin to move to such an expensive price .

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Online Litzki1990

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I think the price of BTC will improve after experiencing a correction, and hopes of reaching 90k$ up will flare up,
For our events, no one knows in the future because there will always be many surprises in cryptocurrency
Bitcoin current price is fluctuating between $65k to $70k. Although the market had broken all its past records a few days back but the market could not build a good support at that point resulting in some dumping in the market. We are nearing the middle of 2024, which would have ended this year, still about 8 to 7 months away.  Any change in the market is possible during these 8 months to 7 months. From this situation, if the market builds a good support and goes up a bit, and if it goes up and builds support again, and so on, if it continues to rise, but before the end of this month, we can see the price of Bitcoin touch $100,000. With the market dumping for a long time, we expected Bitcoin to first break all its past records and touch new records, since Bitcoin has done this, we now aim for Bitcoin to touch $100k.

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My prediction for the Q2, BTC price before the halving will stagnate in the range of $64K to $68K.
And it will drop to $60K a few days/weeks after the halving. I do not or have not seen that there will be an element of surprise that could make the BTC price break more than $70k again in this Q2.
Many people predict that the ups and downs of Bitcoin prices will not be the same as the halving back in 2016 and 2020.
But I believe the situation will be the same, so the next ATH will occur at the end of 2024 or mid 2025.

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Offline Faisal2202

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You are right, BTC has really outperformed all of our expectations in the first quarter of 2024 and to be honest I think it will outperform our expectations in the 2nd and 3rd quarters of 2024 as well. But in the last quarter of 2024, it might come down, maybe we might see a little or a big correction in the last quarter of 2024. Why? MT Gox's last payment deadline. Which according to resources has been set to 31 October of 2024. So, as we all know the amount is so big that if given to the people they will start selling it in no time, and the market will definitely dump in October. I might be wrong so DYOR.

Plus, there are chances that the US will sell the $2 billion worth of BTC seized by Silk Road, as they transferred $60 of BTC from those funds, which is giving me the vibe that they might be thinking of transferring those funds for maybe selling purposes. So, no confirmed date is here for that, but I assume it will be after having maybe in 3rd Quarter.

These two are the main events that I think we should know of, who knows when China will decide to make crypto legal again haha. who knows other big countries (by crypto users) will start legalizing crypto as well. Who know what is going to come in front of us in future. Well, be ready for a bump ride, and I suggest we should make an exit plan.
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Online SmartGold01

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We can't predicts what will come up in the bitcoin market as the market is filled with and unforeseen circumstances, meaning we may have this moment bull and the next bear or sideways. Apart from halving that is to take effects within few weeks now there is nothing much we can say about the market than being optimistic hoping for best of bull run take over.

Offline bayu7adi

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With all that Bitcoin has achieved so far, I want to know your expectations for bitcoin as we step into the second quarter of the year in just few hours from now?

What is your prediction in terms of bitcoin price?
This is my prediction... the second quarter won't have a dump until below $60k, that's a very big possibility, yes... the halving hype is very busy right now, considering that many people are starting to anticipate so as not to make mistakes by studying the charts during the previous halving . We could see something stronger for BTC prices staying above $65k and above... whereas at the start of the halving we probably won't see very high daily candlesticks, but there will be lots of green candlesticks every day.
 
The price is likely to rise to the $85k - $90k level until the end of Q2 2024. Hopefully there are no pitfalls in the halving this time.

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The year has four (4) quarters and each quarter has three (3) months. The first quarter starts from January to March, Second quarter is April to June, third quarter is July to September and the fourth quarter is October to December. And the first quarter of the year 2024 was awesome with bitcoin. Everyone who invested in bitcoin from last year would not regret and they become short term in the investment plan. But this second quarter that we are is some how stagnant in the movement of bitcoin but the price is still at the high side of the market. So we hoping that the market will still do well in this second quarter of the year.

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The price is likely to rise to the $85k - $90k level until the end of Q2 2024. Hopefully there are no pitfalls in the halving this time.
BTC price is going to rise to ~$100k, but i am not sure this will happen in this second quarter of the year. Immediately after the halving, i predict we might have a little correction in price and then the price will rise very high in the last quarter of the year, and bring the $100k. Take note that this is just my own speculation.
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And since this is a bull run year or at least the catalyst is going to happen, which is the halving, there are many things that could happen that will really surprised. One thing to mentioned is that we already established new all time high already before the halving itself at 73k$ and so we might see the price going above that price in the second quarter or even more. So as we say, exciting times ahead after the block halving.

Hopefully we will all be given convenience in this session, and will fight again after this session, keep the enthusiasm in looking for pockets of Bitcoin flakes so that you can get maximum profits,
Even though we see that the current BTC price is not good, this is an opportunity to increase our BTC stock if we have more money.

Offline Dr.Bitcoin_Strange

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The price is likely to rise to the $85k - $90k level until the end of Q2 2024. Hopefully there are no pitfalls in the halving this time.

I also feel that it is likely possible for Bitcoin to surge above $80k this quarter and $80k is a target price at which I feel like selling a little fraction of my Bitcoin but if it actually surge above that price, it means that we definitely might see a higher price like $150k by next year, I can just hold rather than selling so soon. I don't want to be unfair with my expectation for the price of Bitcoin but $100k is not too much to expect, ☺☺.

At least if it gets to $100k, then I can rushed and sell some fraction with an expedition for the price to drop to $70k, then I can buy back again.

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Hopefully we will all be given convenience in this session, and will fight again after this session, keep the enthusiasm in looking for pockets of Bitcoin flakes so that you can get maximum profits,
Even though we see that the current BTC price is not good, this is an opportunity to increase our BTC stock if we have more money.
To add to your Bitcoin bag to save, now is not the right time, the price is too high to buy, believe me, the bearish moment will come again so it will make the price of Bitcoin and all coins collapse. Since then we have to buy Bitcoin again and save it until Next halving we sell again.

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Hopefully we will all be given convenience in this session, and will fight again after this session, keep the enthusiasm in looking for pockets of Bitcoin flakes so that you can get maximum profits,
Even though we see that the current BTC price is not good, this is an opportunity to increase our BTC stock if we have more money.
To add to your Bitcoin bag to save, now is not the right time, the price is too high to buy, believe me, the bearish moment will come again so it will make the price of Bitcoin and all coins collapse. Since then we have to buy Bitcoin again and save it until Next halving we sell again.
He /she can actually do the DCA so it is safer than a one time buy at the current price. If he/she has to wait I think he or she is missing the opportunity if prices will continue to rally. I personally don't wait because anytime price might go up again so yeah DCA might be more profitable on this.

Offline Don Pedro Dinero

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Hopefully we will all be given convenience in this session, and will fight again after this session, keep the enthusiasm in looking for pockets of Bitcoin flakes so that you can get maximum profits,
Even though we see that the current BTC price is not good, this is an opportunity to increase our BTC stock if we have more money.
To add to your Bitcoin bag to save, now is not the right time, the price is too high to buy, believe me, the bearish moment will come again so it will make the price of Bitcoin and all coins collapse. Since then we have to buy Bitcoin again and save it until Next halving we sell again.
He /she can actually do the DCA so it is safer than a one time buy at the current price. If he/she has to wait I think he or she is missing the opportunity if prices will continue to rally. I personally don't wait because anytime price might go up again so yeah DCA might be more profitable on this.

With all due respect, I disagree with what Google+ said. No one knows for sure what will happen in the future, but at the point we are at, anyone who has spent years following the price of bitcoin will tell you that the price will most likely grow during 2024, and by the end of December the price will be much higher than it is now. So starting a DCA now is quite likely to be profitable.

On the other hand, I always recommend investing in bitcoin for the long term. If someone who starts now is going to hold the investment for a minimum of 4 years they should not worry about whether the price goes up or down tomorrow or next week.
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Online bitbit97

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My greatest expectation of Bitcoin in the second quarter of 2024 for it to be more acceptable. So far I can spend it directly without exchange in, dont know exact amount, but lets say 5k places (shops, cafes, online shops and etc). That is nothing in the size of whole world. I just wish to use it more, than hold or trade. I wish to have a place in my location, when I can scan code and pay in BTC, but not by card with toped-up btc, that will be converted automatically to EUR.
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Offline Rubel007

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The price is likely to rise to the $85k - $90k level until the end of Q2 2024. Hopefully there are no pitfalls in the halving this time.

I also feel that it is likely possible for Bitcoin to surge above $80k this quarter and $80k is a target price at which I feel like selling a little fraction of my Bitcoin but if it actually surge above that price, it means that we definitely might see a higher price like $150k by next year, I can just hold rather than selling so soon. I don't want to be unfair with my expectation for the price of Bitcoin but $100k is not too much to expect, ☺☺.

At least if it gets to $100k, then I can rushed and sell some fraction with an expedition for the price to drop to $70k, then I can buy back again.
The price of Bitcoin has exceeded $60k dollars since last February. Bitcoin has been hovering between $61k and $71k for almost a long time. Although Bitcoin has already crossed ATH, the true bull market that is about to happen is yet to be seen. Bitcoin halving is only 13 days away so it is impossible to predict how much upside the bitcoin price will go during this time but we can see the high impact of the halving. Moreover, if Bitcoin turns bullish in the next 2 weeks, that is not impossible. However, the year 2025 will play an important role in the significant growth of Bitcoin. Where the possibility of crossing 1$00 is very high.

 

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