BTC Prediction - $100k or Below $20k?

[doc]

It might be fuelled by fears of Mt Gox distributing even up to 140,000 bitcoins to its creditors, which potentially could be dumped on the market.
Allegedly the distribution should start in July, but I don't know any more details. I don't expect they would distribute everything at once. Those things take time, sometimes a very long time.

Is it a valid news? If it is valid news, it means we may have red market in July. If Mt Gox really distributes the big numbers of Bitcoin to the creditors, people probably panic because it may impact in the big decrease of Bitcoin price. This will lead to the decrease of demand in the market, so this will trigger the price to drop deeper. I'm not sure how deep it will be, I just hope it is still above $50k. Do you plan to buy Bitcoin when it really drops a lot?

I will buy Bitcoin if it really will experience a decline, because I think if this news is true and occurs after halving opportunities to seek profit still, because the possibility of a bullish season will occur later this year. So prepare your USD and buy Bitcoin, and also other coins that you believe will increase during the bullish season.

Almost everyone has the same thought that if bitcoin experiences a decline they will buy bitcoin and hold it until next year. but apparently the price of bitcoin went up again. It's best to save your USD and wait if there is another decline or correction, you can buy top coins.

[Roseline492]

Almost everyone has the same thought that if bitcoin experiences a decline they will buy bitcoin and hold it until next year. but apparently the price of bitcoin went up again. It's best to save your USD and wait if there is another decline or correction, you can buy top coins.

You are right but sometimes there are things you need to put in consideration because like you said what if they keep waiting for more decline and Bitcoin price refuses to drop and instead it continues uptrend, don't you think the person will miss the opportunity? Because the reason why I'm saying this is because for sometime now Bitcoin has just been moving within circles of $54k to $57k and nobody really knows what will be the next move because it could be showing a little sign of heading below $50k and before we know it spikes up.

Don't get me wrong because the only reason I state this fact is because I have actually seen people who misses a very good opportunity they had on investing on Bitcoin just because they were waiting for more dip to come, which is why is good to invest now while the Bitcoin price is still this way.

[UNIVERSE]

I will buy Bitcoin if it really will experience a decline, because I think if this news is true and occurs after halving opportunities to seek profit still, because the possibility of a bullish season will occur later this year. So prepare your USD and buy Bitcoin, and also other coins that you believe will increase during the bullish season.

Have you bought Bitcoin? It really happened, Bitcoin dropped to $53k few days ago. It is great if you really bought Bitcoin at that time, now Bitcoin price is already increasing again. I don't know if Bitcoin may drop again in the next few days but it looks like won't be around $53k anymore, it should be higher. You are lucky if you already spend your dollars on Bitcoin when it was around $53k. At that time, I have no money, I failed to buy Bitcoin. Sometimes, we have no money when it is in the best time to buy Bitcoin. However, it is okay, we shouldn't force to buy Bitcoin with loan money.

[Dr.Bitcoin_Strange]

I will buy Bitcoin if it really will experience a decline, because I think if this news is true and occurs after halving opportunities to seek profit still, because the possibility of a bullish season will occur later this year. So prepare your USD and buy Bitcoin, and also other coins that you believe will increase during the bullish season.

Have you bought Bitcoin? It really happened, Bitcoin dropped to $53k few days ago. It is great if you really bought Bitcoin at that time, now Bitcoin price is already increasing again. I don't know if Bitcoin may drop again in the next few days but it looks like won't be around $53k anymore, it should be higher. You are lucky if you already spend your dollars on Bitcoin when it was around $53k. At that time, I have no money, I failed to buy Bitcoin. Sometimes, we have no money when it is in the best time to buy Bitcoin. However, it is okay, we shouldn't force to buy Bitcoin with loan money.

Fluctuations in bitcoin’s price are often noticed and as we already know, price volatility is a major characteristic of Bitcoin. The price swing that had just recently occured, bringing Bitcoin down to $53k and the subsequent rise is a good example of this.
And so it's always important to note that investing in cryptocurrencies comes with risks and therefore such should be undertaken with caution and it is recommended that one should not invest more than he or she is willing to lose.

 That is very correct; one should not use money borrowed or put himself or herself in a position to borrow money with intent to invest in Bitcoin or in any investment venture. This is because an individual must ensure that his/her financial status and security is well positioned before he/she starts investing.

[pawel7777]

OK, so the recent pull-back was said to be largely due to Mt Gox distributing large quantities of bitcoins to its creditors (after 10 years of wait) as well as the German government dumping previously seized bitcoins on the market, the way they did it was criticised as it looked like they were more interested in tanking the price than getting the best value for the coins (i.e. they could've gone with OTC transaction or sell them in smaller tranches over a longer time).
Anyhow, with the German bitcoins being almost gone and the psychological factor of Mt Gox being already priced in, I think we might see investors' confidence restored soon and start the climb up. Maybe we'll have a crab market for the remaining summer months, but should see the upward trajectory from September.

In the positive news, Donald Trump, who is currently the favourite for winning the 2024 elections, made a U-turn on Bitcoin and only speaks positive about that, even hinting at making it a strategic reserve asset:
https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/
Will he deliver on his words if he wins? Probably not, but it's still good news.

[Rubel007]

I will buy Bitcoin if it really will experience a decline, because I think if this news is true and occurs after halving opportunities to seek profit still, because the possibility of a bullish season will occur later this year. So prepare your USD and buy Bitcoin, and also other coins that you believe will increase during the bullish season.

It really happened, Bitcoin dropped to $53k few days ago. It is great if you really bought Bitcoin at that time, now Bitcoin price is already increasing again. I don't know if Bitcoin may drop again in the next few days but it looks like won't be around $53k anymore, it should be higher. You are lucky if you already spend your dollars on Bitcoin when it was around $53k. At that time, I have no money, I failed to buy Bitcoin. Sometimes, we have no money when it is in the best time to buy Bitcoin. However, it is okay, we shouldn't force to buy Bitcoin with loan money.

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

[doc]

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

The DCA method is very good during the bearish season when prices are still below, currently I don't use the DCA method anymore because the prices of bitcoin and altcoins are already high. I prefer when a correction occurs to buy some coins that I consider potential and always have USD to buy again when another correction occurs.

[UNIVERSE]

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

Of course, Bitcoin price will always fluctuate, it will always increase and decrease. When it can increase significantly, there should be a chance of big correction. We don't be afraid we don't have enough Bitcoin, we can buy again when there is another big correction in the future. I think Bitcoin won't be very expensive in this year, Bitcoin below $70k. But if it is already above $80k, I think we must be careful to buy because it can be the peak of Bitcoin price.

Now, Bitcoin price is already around $66k -$67k, mate. It looks like to retest to $70k very soon if we have no more bad news. I really expect to see again Bitcoin to retest its ATH ($73k).

[dekafee79]

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

Of course, Bitcoin price will always fluctuate, it will always increase and decrease. When it can increase significantly, there should be a chance of big correction. We don't be afraid we don't have enough Bitcoin, we can buy again when there is another big correction in the future. I think Bitcoin won't be very expensive in this year, Bitcoin below $70k. But if it is already above $80k, I think we must be careful to buy because it can be the peak of Bitcoin price.

Now, Bitcoin price is already around $66k -$67k, mate. It looks like to retest to $70k very soon if we have no more bad news. I really expect to see again Bitcoin to retest its ATH ($73k).

Bitcoin price is already approaching $70K, it looks like we will soon see bitcoin reach a new ATH. I agree with you that if the price of bitcoin reaches more than $80K, we should be careful because we don't know what the bullish top is, it could be that $80K is bitcoin's top ATH.

[jeraldskie11]

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

Of course, Bitcoin price will always fluctuate, it will always increase and decrease. When it can increase significantly, there should be a chance of big correction. We don't be afraid we don't have enough Bitcoin, we can buy again when there is another big correction in the future. I think Bitcoin won't be very expensive in this year, Bitcoin below $70k. But if it is already above $80k, I think we must be careful to buy because it can be the peak of Bitcoin price.

Now, Bitcoin price is already around $66k -$67k, mate. It looks like to retest to $70k very soon if we have no more bad news. I really expect to see again Bitcoin to retest its ATH ($73k).

Bitcoin price is already approaching $70K, it looks like we will soon see bitcoin reach a new ATH. I agree with you that if the price of bitcoin reaches more than $80K, we should be careful because we don't know what the bullish top is, it could be that $80K is bitcoin's top ATH.

When the price is reaching $70k, I'm sure that there will be a huge volume because sellers are selling their Bitcoins on that area. So it's not easy to surpass that area and it takes a lot of buying pressure to break it. And if it happens, this should be a body close of a candle to confirm that buyers are so strong. And since $80k is too far from $70k I don't think if that would be the new ATH, and there will be a consolidation. I believe the new ATH will be around $100k or up.

[doc]

When the price is reaching $70k, I'm sure that there will be a huge volume because sellers are selling their Bitcoins on that area. So it's not easy to surpass that area and it takes a lot of buying pressure to break it. And if it happens, this should be a body close of a candle to confirm that buyers are so strong. And since $80k is too far from $70k I don't think if that would be the new ATH, and there will be a consolidation. I believe the new ATH will be around $100k or up.

I also have the same belief as you, bitcoin will reach a new ATH of more than $100K, maybe this will take a long time, maybe it will happen next year. Be patient because everything needs a process to reach its highest price. Even though I saw that market conditions had experienced corrections several times, I still held my coins and waited.

[Gurujebs]

I also have the same belief as you, bitcoin will reach a new ATH of more than $100K, maybe this will take a long time, maybe it will happen next year. Be patient because everything needs a process to reach its highest price. Even though I saw that market conditions had experienced corrections several times, I still held my coins and waited.

I have some feelings about the $100k per Bitcoin very soon in the market but my only driving force that I think about this market is definitely going to be after the outcome of the US election. Right now, people are speculating about Trump been bullish on Bitcoin for US people, this might be true or false though because politicians can't be trusted but there is going to be an impact from the way Trump winning the election for US, even when Biden was announced to be dropped from the presidential race, Bitcoin actually pump to almost $69k again, this are the signs for $100k.

[milewilda]

I also have the same belief as you, bitcoin will reach a new ATH of more than $100K, maybe this will take a long time, maybe it will happen next year. Be patient because everything needs a process to reach its highest price. Even though I saw that market conditions had experienced corrections several times, I still held my coins and waited.

I have some feelings about the $100k per Bitcoin very soon in the market but my only driving force that I think about this market is definitely going to be after the outcome of the US election. Right now, people are speculating about Trump been bullish on Bitcoin for US people, this might be true or false though because politicians can't be trusted but there is going to be an impact from the way Trump winning the election for US, even when Biden was announced to be dropped from the presidential race, Bitcoin actually pump to almost $69k again, this are the signs for $100k.

For you not to be stressing out yourself that much when it comes to this aspect then it would really be better that you shouldnt really be that trying out to project future numbers.
It will really be just that making you desperate and this is something that isnt really that recommended specially if you are dealing up with this space.
Deal up on the current numbers that you do have in front and if you are holding for long term then refrain on making those often check out about the price.
You would really be finding yourself that desperate on the time or moment that you will really be having such approach. So go with the flow is the most suggested thing
that you should really be doing.

[philipma1957]

Greetings Crypto Lovers,

As we have seen a lot of predictions and a lot of news regarding the BTC/Bitcoin pump in the past year(2021) and the most users predict it even to pump $250k but BTC only reaches the $60k level.

So What do you guys think? BTC will cross the $60k barrier and push the whole market to reach a new height or It will just be dumped again like it was in 2017/2018.

Well the answer was 15.9k

I wish this gets locked as it is out of date.

Although some may feel,it is back in play.


The answer this time is 100k at least I hope so.

[Rubel007]

The price of Bitcoin will fall and rise again and thus it will rise to its highest price. For those of us who have not yet accumulated enough bitcoins, the drop in bitcoin prices will create opportunities to buy more bitcoins. After dropping below 60K for the last few days, Bitcoin went down to 53K and is currently above 58K. Those who continue to buy during this period, especially those who do DCA regularly, will reap the highest profits in the future.

The DCA method is very good during the bearish season when prices are still below, currently I don't use the DCA method anymore because the prices of bitcoin and altcoins are already high. I prefer when a correction occurs to buy some coins that I consider potential and always have USD to buy again when another correction occurs.

Your strategy is definitely good. If you can follow this strategy properly then you will definitely benefit. And if someone wants to DCA and if they want to hold Bitcoin for long term then they can continue to DCA. Because the market runs through bullish and bearish trends. In this case the long term holder can definitely expect a big return. I try to follow DCA method for bitcoin and my strategy is different for altcoins.