No going back to $60k retrace, Michael Saylor in doubt.

[Baofeng]

Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.

good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts

And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.

So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.

[Aanuoluwatofunmi]

We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now, bitcoin go bearish now to $98,000 and before tomorrow you can also discover it getting to another new heights, this retracement may not come in the way we expect and this may occur at anytime next year.

[Faisal2202]

Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?

I am from future and I can asure Saylor was telling truth haha just kidding I know BTC has already touched $108k even and it was all due to the bullish sentiments developed by the adoption of crypto in USA. I also don't think that now BTC can even touch $70k if take a big dip.

Although many now was thinking any hard dip can take BTC back to $88k and I was also expecting the same but fortunately I realize the demand and bullish sentiments and took entries in alts (and booked profit partial profit from BTC).

[Gurujebs]

We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now, bitcoin go bearish now to $98,000 and before tomorrow you can also discover it getting to another new heights, this retracement may not come in the way we expect and this may occur at anytime next year.

What do you expect from him, he has billions of investment on Bitcoin, he can never say bad things about Bitcoin, he can only say good things just to assure the market about the good things about Bitcoin market so they don't sell. Do you even know how kyc money he is going to be liquidated if Bitcoin was to come back to $60k, it's going to be huge.

Bitcoin is speculative assets and as long as speculations is always about good things, we will.see Bitcoin go up and continuously but if it's bad, Bitcoin market will be bad as well and hopefully it doesn't get rosted by politicians.

[Bobcrypto]

Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.

good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts

And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.

So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.

I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.

[Baofeng]

Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.

good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts

And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.

So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.

I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.

Yeah, but then again as you have said, we are not that bullish that time and yet we have a new all time high close to $70k? As compare to 2025 wherein there is a big hype surrounding Trump winning the election.

So with that, the future looks bright in 2025 and it could be the biggest. Right now though we have a correction, but that's just part of the market. So that there will be more players to come in and pushes the price higher before the end of the year.

[Cryptochamp1]

Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.

good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts

And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.

So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.

I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.

I don't think we'll see btc at 70k before another ath due from what I can see on the charts. But I believe 87k is probable .

[Z-tight]

We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now,

The bear market is surely going to come and a lot of people are curious of how low BTC can go, what the value would be when the bear market comes. I feel we would not go lower than $60k though, but that is just my own intuition, i can turn out to be wrong when the time comes, however, i feel how low we will go will depend on how high we go at the peak of the cycle.

[bitterguy28]

We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now,

The bear market is surely going to come and a lot of people are curious of how low BTC can go,

i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen

I feel we would not go lower than $60k though, but that is just my own intuition, i can turn out to be wrong when the time comes, however, i feel how low we will go will depend on how high we go at the peak of the cycle.

i do think we have reached a point where the market gets extremely unpredictable and even past prices cant be used to accurately predict the next price but from the past bitcoin can go from $60k to $18k of course not over the course of just a few months but still it shows that we can't be too sure

[Z-tight]

i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen

I believe if it were up to us, every bitcoiner would want the same thing, only bull markets, lol, no bears, no sideways, just keep pumping, but we know that would not happen. You are right when you say it is hard to predict how low we'll go when the bear market comes, but with the kind of adoption we may experience next year, a huge fall in price may not happen.

[Baofeng]

i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen

I believe if it were up to us, every bitcoiner would want the same thing, only bull markets, lol, no bears, no sideways, just keep pumping, but we know that would not happen. You are right when you say it is hard to predict how low we'll go when the bear market comes, but with the kind of adoption we may experience next year, a huge fall in price may not happen.

Right, but in the real world it's not going to happen, even at bull cycle, we will see some ups and downs and it's going to be very volatile. Now I have seen predictions that this months is going to be crucial, like it's a make or break and that the price can go as low as $87k.

But they forget that Trump will sit at the 20th and everything will change after that. The FOMO is still very high of Trump winning the US election and so when he sits officially, there will be another big pump I reckon.

[BDose]

I dont see it going back to 60k until we hit yolo alt season with altcoins doing 10x pumps