Bitcoin New Record 2024 Bitcoin Price Touches 50K

[Papusha20]

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?

In 2023, the price of Bitcoin was very low and the price did not increase much. Investors who bought and held Bitcoin at that time have now reaped huge profits in 2024. However, we know that the price of Bitcoin has faced a lot of dumping in the last two years, but it has touched $50,000 again after two years, which is the highest increase since the beginning of 2024. But it is certain that half of us are waiting ahead and regardless of this Bitcoin price is increasing so much and will increase more in the days to come. Bitcoin may touch $70000 before the halving and I can't say for sure but I have a feeling.

Currently Bitcoin price is improving Bitcoin price starts a small bull market before the halving. So bitcoin price 50k is now a short bull run, the current bitcoin price is very likely to go down from here. Because before Bitcoin halving, there will be opportunities for investors to invest in Bitcoin. Bitcoin price drops prior to halving which is something we've noticed every Bitcoin halving. And going into the next year Bitcoin price will start the peak bull run so it is better to invest in Bitcoin when the investment opportunities arise. And now at the current level of bitcoin price you can invest from here because it is true that the price of bitcoin will increase.

[de_prof]

Currently Bitcoin price is improving Bitcoin price starts a small bull market before the halving. So bitcoin price 50k is now a short bull run, the current bitcoin price is very likely to go down from here. Because before Bitcoin halving, there will be opportunities for investors to invest in Bitcoin. Bitcoin price drops prior to halving which is something we've noticed every Bitcoin halving. And going into the next year Bitcoin price will start the peak bull run so it is better to invest in Bitcoin when the investment opportunities arise. And now at the current level of bitcoin price you can invest from here because it is true that the price of bitcoin will increase.

You're right, better to invest in Bitcoin when the investment opportunities arise. It's not too late to invest in bitcoin because it's still profitable if we want to buy bitcoin now. Although the price is high. Bitcoin has touched $ 50K at 2024, maybe bitcoin will touch more $ 100K at the end of this year, I read several opinions about this , from member here.

[NikeFit_7777]

There is only speculation that bitcoin could go (slightly) higher, and we could fall from there. There are actually plenty of preconditions for a fall. There is also speculation that bitcoin will rise +/- until halving happens and then we may fall. There's a bunch more speculation and t.c., alas it's hard to say definitively. All I know is that we are being manipulated and will continue to do so until - until we lose everything we have accumulated.

P.S. Keep a sober mind + don't jump to conclusions. If the position yielded a good %, don't forget to record the income. 

[Baofeng]

There is only speculation that bitcoin could go (slightly) higher, and we could fall from there. There are actually plenty of preconditions for a fall. There is also speculation that bitcoin will rise +/- until halving happens and then we may fall. There's a bunch more speculation and t.c., alas it's hard to say definitively. All I know is that we are being manipulated and will continue to do so until - until we lose everything we have accumulated.

P.S. Keep a sober mind + don't jump to conclusions. If the position yielded a good %, don't forget to record the income. 

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.

[Uruhara]

I didn't expect the increase to happen this quickly. Because even as I write this BTC is struggling back in the 52k area and seems to want to continue rising and try to break through the 53k level. One thing I regret is that I was too afraid to accumulate more when BTC was priced at 41 to 43. So I didn't dare to accumulate again at the current level. 

[bitterguy28]

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?

You had posted very early mate 

The price continued to increase and indeed that we experienced almost 53 thousand dollars just this month.

Is this the effect of Bitcoin Spot ETF ?

how much have you gained in this increase mate.

[0t3p0t]

Currently at $52k and I think it will continuously go up to $70k+ if I am not mistaken. For me if it reaches $70k this year then there is a higher chance that Bitcoin will achieve the $100k range next year 2025. I could be wrong but who knows?

[dwyane36]

The price continued to increase and indeed that we experienced almost 53 thousand dollars just this month.

Is this the effect of Bitcoin Spot ETF ?

I think so. Spot Bitcoin ETFs approved by the SEC and the upcoming BTC halving are pretty strong trigger events that are already having and will continue to have a positive impact on Bitcoin and the entire crypto industry. Honestly, I think we are still at the very beginning of a bullish trend.

[legend45]

I think so. Spot Bitcoin ETFs approved by the SEC and the upcoming BTC halving are pretty strong trigger events that are already having and will continue to have a positive impact on Bitcoin and the entire crypto industry. Honestly, I think we are still at the very beginning of a bullish trend.

I agrew with you, we are still at the very beginning of a bullish trend. It's just the beginning.ETF bitcoin approved has big impact to positive movement of bitcoin price. Bitcoin has touched new record at 2024, touched $ 52K. It seems easy to hit $ 100K at this year.

[I-Bit]

Will the price of Bitcoin increase further before the halving?

Of course, Bitcoin price will continue to increase before the Bitcoin halving. It is because there is a big hype on Bitcoin halving this year. I just assume Bitcoin may drop again when the Bitcoin halving is over. People may sell some of their Bitcoin when the current ATH passed. So, if it happens during the Bitcoin halving, we may have too many supply in the market. So, Bitcoin may have a correction and sideways again.

[pawel7777]

I agrew with you, we are still at the very beginning of a bullish trend. It's just the beginning.ETF bitcoin approved has big impact to positive movement of bitcoin price. Bitcoin has touched new record at 2024, touched $ 52K. It seems easy to hit $ 100K at this year.

$100k is a perfectly reasonable expectation, given we weren't far away from it during the last bull run. Unfortunately, psychological factors could make it harder to achieve. People have an unreasonable love of round numbers, therefore huge number of retail investors will be setting their exit points at $100k, or even slightly below, to not get stuck in a massive sell wall with other like-minded sellers.

[LogitechMouse]

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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?

I wonder what the investors who risked their money during the bear market are saying right now. Those who bought Bitcoins in 2022 will most probably double or even triple their money depending on what price they bought.

It's the first time since 2021 that Bitcoin reached that price and TBH, nothing is surprising in it because many expected it to happen anyways. I just commend all of the investors who bought during the bear market (including me of course ). Well, those who invested in 2023 still are in profit now.

Will the price of Bitcoin increase further before halving? It might be, but I expect a bit of a downward selling pressure right after the event happens. I just don't know why but my instincts are saying that it might happen. After all, we are just speculating. I guess the best answer will be seen in the price history of Bitcoin. What happened in the past "MIGHT" happen this time as well. Not 100% sure, but there's a chance that it might happen. One thing's for sure though. Bitcoin will reach 6-digit price for the first time ever this upcoming bull market.

[EthereumDev_]

$100k is a perfectly reasonable expectation, given we weren't far away from it during the last bull run. Unfortunately, psychological factors could make it harder to achieve. People have an unreasonable love of round numbers, therefore huge number of retail investors will be setting their exit points at $100k, or even slightly below, to not get stuck in a massive sell wall with other like-minded sellers.

$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.

[Faisal2202]

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?

Bull run has not started yet, so you can assume bitcoin's value will increase after the halving event. I was not able to enter the BTC market at the price range of $16k-$24k but I was able to get BTC in the range of $25k-$32k. I made a small mistake of booking half seed profit at $32k in the hope that BTC might take a correction and come back to the $28k price range, but it did not come back and instead went up.

I did not get 2x till now, but Alhamdulilah making a good profit. Many analyst predicts BTC price to cross $100k some even say it has the potential to cross $150k but to be honest, I think BTC will hardly touch $100k target but it will break it old ATH of $69k and sets a new ATH.

[IvugeoEvolutionCoin]

Of course, Bitcoin price will continue to increase before the Bitcoin halving. It is because there is a big hype on Bitcoin halving this year. I just assume Bitcoin may drop again when the Bitcoin halving is over. People may sell some of their Bitcoin when the current ATH passed. So, if it happens during the Bitcoin halving, we may have too many supply in the market. So, Bitcoin may have a correction and sideways again.

When the halving occurs, it will make Bitcoin even more difficult to obtain because miners will get very little results with higher electricity costs, so Bitcoin mining results are not feasible, and this is what ultimately makes Bitcoin's price higher.Bitcoin must also continue to have demand in the market, because, as far as I know, the market plays an important role in ensuring that high prices can be achieved because Bitcoin price movements depend on demand in the market.