Do you think it's possible for Bitcoin to reach a price of $288K?

[JoyMarsha]

As we are in the first quarter of the year, we have seen Bitcoin fluctuating around the $43k–50k mark. Given that December of this year will be months after the halving season, there is every chance that the price of bitcoin will soar much higher than it is at the moment. And we often anticipate that months following the halving, "bitcoin's price will skyrocket."

However, the truth is that we predict that at that point(December), the price of bitcoin will be "above or below $288k". Any price it gets to at that time will be okay for us

[debra]

The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

Do you mean people think Bitcoin will reach the ATH in 2024? 
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.

[Doctor]

Do you mean people think Bitcoin will reach the ATH in 2024? 
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.

I agree with you, I think bitcoin will touch ATH after halving. although bitcoin has shown good movement now, but I believe bitcoin will touch new ATH next year. It's just my prediction.Many people believe ATH will be reached faster. But let see what will happen at this year, many corrections or no

[Papusha20]

Do you mean people think Bitcoin will reach the ATH in 2024? 
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.

I agree with you, I think bitcoin will touch ATH after halving. although bitcoin has shown good movement now, but I believe bitcoin will touch new ATH next year. It's just my prediction.Many people believe ATH will be reached faster. But let see what will happen at this year, many corrections or no

Currently the Bitcoin price is rising as this is the beginning of a short bull run, it is normal for the Bitcoin price to rise before the Bitcoin halving. Before each halving, investors notice that the price of Bitcoin improves. But in the next year i.e. 2025 ATH will increase to the highest level, which we observed in Bitcoin halving in 2021 Bitcoin price peaked at 69k in 2021. In 2020, the price of Bitcoin rose from 17K to 69K, nearly tripling the price of Bitcoin. At that rate, if the price of Bitcoin rises in 2025 after the halving in 2024, we can definitely see $150k here.

[de_prof]

Currently the Bitcoin price is rising as this is the beginning of a short bull run, it is normal for the Bitcoin price to rise before the Bitcoin halving. Before each halving, investors notice that the price of Bitcoin improves. But in the next year i.e. 2025 ATH will increase to the highest level, which we observed in Bitcoin halving in 2021 Bitcoin price peaked at 69k in 2021. In 2020, the price of Bitcoin rose from 17K to 69K, nearly tripling the price of Bitcoin. At that rate, if the price of Bitcoin rises in 2025 after the halving in 2024, we can definitely see $150k here.

I agree with you, bitcoin will touch its high level in 2025. Because this year, according to estimates, bitcoin has not yet touched ATH, even though it will exceed the previous ATH.  By looking at bitcoin price movements in the current market, I believe that bitcoin will reach 3x or 4x from ATH 2021.

[rizqillah]

The influence of ETF has a huge impact on Bitcoin demand, and Bitcoin is closer to $100k than zero.
Exciting milestones but, at the same time, is never enough​.
Maybe an All-time high before the halving or ETF hype has not even started, and Bulltrap? Normies have no idea, keep observing...

This is true, the ETF Bitcoin has a significant positive impact, because after ETF Approved we all see the price of Bitcoin up high touching $ 50k. It's very fantastic.

Well, I might want to honestly ask, why $288,000 dollars specifically?

Everyone have  own predictions,  $ 288K is so high, honestly I didn't have high expectations like that. I predict bitcoin will touch $ 150K.

[bitterguy28]

It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.

I don't know why people are so Hurry in reaching such high when we cannot even find 100k in the list, this greedy attitude of people will keep making bitcoin into falling because the essence of creation is far from what people is thinking .
don't know if we will agree in this but for me , might wish to see 100k first and then will try seeking for another after that.

[Android]

$288K it's too high mate, I think bitcoin Will touch around $125K-150k while ATH.

[Lucius]

It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.

I would not use the term "impossible" when it comes to Bitcoin - because let's remember 2017, when in just one year the price went up twenty times. Spot ETFs in the US seem to have a fairly positive effect on the price, and this is also the halving year, which together creates the right conditions for a super storm in which the price could really explode.

I'm not saying that it will be any specific number, but compared to the current price, even $100k by the end of the year seems quite a modest estimate. Although I wouldn't have anything against it if it happened, because it is a really nice number that has been awaited for a long time.

[SamReomo]

It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.

Yes, I think I highly agree with you that Bitcoin won't be able to reach $288k within 10 months because that will bring another crypto investment boom and many new altcoins or the previous altcoins will also boom to way higher values than they are right now, I expect more than 4x to 10x will be achieved by most altcoins if Bitcoin reaches $288k within 10 months which's not likely to happen.

I even doubt that $100k could be achieved within 10 months because that's also not likely to happen. I'm more or less thinking about at least $80k to $85k at the end of the year no more than that. We may also see huge dumps when most of the whale investors continue selling in bulk when Bitcoin reaches or crosses $70k value. So, by keeping all those things in our mind we should understand that how hard it's for Bitcoin to reach $288k within 10 months.

[Mr. Magkaisa]

      -  In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.

After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?

[Don Pedro Dinero]

      -  In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.

After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?

Well, most of the analysis I have seen for the cycle that will start after halving and the predictions of the fora are broadly in the $100,000 to $200,000 range. The problem with that is that I remember there was a broad consensus at the beginning of this cycle of an ath above $100,000 that we all took for granted, and look what happened. Now I'm hoping that if the consensus fails it's because of undershooting, but I think that's unlikely.

[Gurujebs]

      -  In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.

If we go by technical analysis, it is possible for Bitcoin to do atleast 3x from here and at most 5x from this price but if we are to go fundamentally, in not sure yet if Bitcoin is going to cross above 68k, not saying it's not possible but there is nothing big enough to break that wall. If we have news like Tesla accepting Bitcoin or perhaps if we have news like US formally legalizing Bitcoin, this is going to take Bitcoin to places but I'm not seeing that right now.

After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?

There is nothing wrong if we speculate, it's a good thing that's why it's called speculations in the first place. Even the people that predict $1M were all optimistic about it but theirs was crazy because I don't know how they intend to make Bitcoin get to such price in just 4 years.

[BitMaxz]

I don't think Bitcoin could reach $288k. Where did you get this prediction?

Since the estimated time when all Bitcoin will mined, I believe there is a potential that Bitcoin could reach such high prices this coming next blockhalving(not this year but the next 4 years+).

According to Google, all Bitcoin will be mined in the year 2140 which is 100+ years I don't think we will witness this predicted price anytime soon but it could be possible. Look at the cycle every 4 years as you can see from the historical pattern Bitcoin prices tend to rise just like gold which keeps increasing we just see a gap last pandemic but it keeps increasing.

[debra]

I don't think Bitcoin could reach $288k. Where did you get this prediction?
Since the estimated time when all Bitcoin will mined, I believe there is a potential that Bitcoin could reach such high prices this coming next blockhalving(not this year but the next 4 years+).

Yes, it is very doubtful that Bitcoin to reach $288k. Who say this? Does the person who predicted the price have valid way to determine it? I am not sure the person who said this to have trusted way to claim it.

Sure, $288k isn't impossible to reach in the next 5-10 years. But it won't be something to be reached in 2024-2025. We must think more realistically about this.