Can BTC Reach a New ATH before the end of 2024?

[Gposas]

Historically tracing back from 2016/2017 when the value of BTC started counting it's price in thousands, BTC rose from $900 in 2016 to $1000 in 2017. Mid May 2017, it surpassed $2000 and flew to over $19000 during December period, BTC followed this trend through 2018 and 2019 until it experienced a significant price drop by mid-December, 2019 to about $6600.
During 2020, there was economic distress due to COVID-19 pandemic BTC opened the year with $7000 and at the end of November, BTC was trading $18300. December, 2020 BTC touched $28900, experiencing an increase throughout the year.
At the beginning of 2021, BTC price rose above the trend of the previous year climbing above $40000 and by April 2021, it touched a new ATH of over $60000, touching a peak of $64800. November 2021it touched $69000 and fell below $47000 in December period.
Duration between January and May 2022, BTC price continued to decline gradually falling further to $29000 on May, 2022.
 As of 2023, BTC started the year with  $16500 and rose consistently through the year, closing the year with about $42000.
On this year 2024, BTC attained a new ATH of over $73000 during the month of March which is the highest peak ever recorded in the History of the Crypto World. After this we all saw a great decline in price caused by much sell off of investors popularly referred to as "Bloodbath in Satoshi Street" and this caused a great drop in price of all altcoins and also a significant drop in marketcap.
BTC price dropped to $49000 and of today BTC price touched $60000.
With the situation of things, factors determining market price and the market trend can BTC beat the ATH it has attained before the end of the year?
Your thoughts will be highly appreciated.

[_act_]

The all-time high price of Bitcoin is not more than $74000. Bitcoin got to $61000 today. After it fell below $50000 to $48900, it increase back to $65000 not long after. To increase from $60000 to all-time high before the end of this year is very possible with how volatile bitcoin is. If it does not happen like that, I believe next year would be very good for people that expect bull run and I still think $100000 is still very possible.

[JISAN]

No one can guarantee it but the possibility of making a new ATH in 2024 is very low as Bitcoin has already crossed its previous ATH and gone down again. And since the Bitcoin market has gradually behaved negatively, a great expectation on Bitcoin is gradually diminishing. But if Bitcoin price makes a new ATH by the end of 2024, it won't be above $80k. We expect Bitcoin price to hit $100k very soon but it may be next 4 years when then another four year circle will complete

[B.Trader]

No one can guarantee it but the possibility of making a new ATH in 2024 is very low as Bitcoin has already crossed its previous ATH and gone down again. And since the Bitcoin market has gradually behaved negatively, a great expectation on Bitcoin is gradually diminishing. But if Bitcoin price makes a new ATH by the end of 2024, it won't be above $80k. We expect Bitcoin price to hit $100k very soon but it may be next 4 years when then another four year circle will complete

Bitcoin has historically moved in four-year cycles, often tied to its halving events. These cycles typically include a strong bull run followed by a bear market. If history repeats itself, the next major bull run could occur after the 2024 halving, but reaching new all-time highs
 ATH within that timeframe remains uncertain.

[electronicash]

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH. but why does it matter to you that it has to happen this year or not? if the ATH is achieved next year, you will lost something?

it might happen since this year is a halving year and it usually happen after. we still have 4 months left for this happen. while the market hasn't calm down yet and like anyone who will have a safe speculation, 50/50 chance. 

[Hamza2424]

Ahh, my head is feeling somewhat dizzy.. But still, I've got a dream that we are gonna hit a new ATH for sure before the end of 2024 and that might even shock most of the speculators as well. HAha jokes aside, I'm kind of confident about a new ATH before the end of 2024, my early speculation was and still I'm pretty confident that the market is gonna hit 80k before the end of the year and there are some new developments and it might even lead this ATH to a surprising level.

[rdluffy]

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH...

In my opinion it's a good prediction
I believe that from October to December BTC could rise, reaching ATH, and 75k doesn't seem so difficult
The conditions are good, the MTGox problem is almost over, Grayscale people already changed to another ETFs, and I'm even a little more optimistic and think 80k is possible to reach

[Asiska02]

With the situation of things, factors determining market price and the market trend can BTC beat the ATH it has attained before the end of the year?
Your thoughts will be highly appreciated.

If we are to look from history on how the performance of bitcoin use to be after every halving, we will by now want the market to be trading above the ATH it attained in the last cycle. This shows that history is not perfect to predict the price of bitcoin but other factors needs to be considered too. My prediction is that it can beat the ATH or trade close to that price by end of the year.

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH. but why does it matter to you that it has to happen this year or not? if the ATH is achieved next year, you will lost something?

Maybe OP wants to see an improved movement of the market by end of the year to have a good conviction that what they’ve invested in will be in profit by that time. The market is unpredictable but seeing bitcoin trading at a new ATH by end of the year will put a smile on many investors face.

[Gurujebs]

No one can guarantee it but the possibility of making a new ATH in 2024 is very low as Bitcoin has already crossed its previous ATH and gone down again. And since the Bitcoin market has gradually behaved negatively, a great expectation on Bitcoin is gradually diminishing. But if Bitcoin price makes a new ATH by the end of 2024, it won't be above $80k. We expect Bitcoin price to hit $100k very soon but it may be next 4 years when then another four year circle will complete

I don't want us to force the market to do what it can't do naturally. The past manipulation of price to a certain price end in one way and that's heavy dump from bag holders which gave more panic sell to the market, I don't want to see such happening because some people just want to prove a point actually because it wouldn't stablize in that price.

I don't care if it will take more time to realize such price, so be it as long as we can have Bitcoin trading about $60k with so much confidence, we can see the same here too at $80k too because it will definitely be normalize after it has taken enough selling pressure severally.

[nakmantu99]

Ahh, my head is feeling somewhat dizzy.. But still, I've got a dream that we are gonna hit a new ATH for sure before the end of 2024 and that might even shock most of the speculators as well. HAha jokes aside, I'm kind of confident about a new ATH before the end of 2024, my early speculation was and still I'm pretty confident that the market is gonna hit 80k before the end of the year and there are some new developments and it might even lead this ATH to a surprising level.

I also have the same thoughts and predictions as you, bitcoin is likely to reach a new ATH before the end of 20245, and the number I estimate is $80K or more. We are expecting too much, but looking at the market movement and according to bitcoin's habits after halving, it seems like our prediction will come true by the end of this year. Let's see

[target]

The market is gettng nuts. Just yesterday the price reach 64k and then today the market sends the price to 58k.

Who knows what news we get next days because one more FUD like Trump idcted again because of the new NFTs he released might make prices down that it will be impossible to touch new ATH before 2025.

[Gposas]

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH. but why does it matter to you that it has to happen this year or not? if the ATH is achieved next year, you will lost something?

I likely may not loss in a way but following analysis and watching the BTC trend, analyst always advice to HODL even when price is going down dip and fund start indicating red instead of green. As for those of us that were so eager to even purchase BTC when it's price was around $70000, we are hoping that it reaches a new ATH before the year ends.

[kulkhan]

No one can guarantee it but the possibility of making a new ATH in 2024 is very low as Bitcoin has already crossed its previous ATH and gone down again. And since the Bitcoin market has gradually behaved negatively, a great expectation on Bitcoin is gradually diminishing. But if Bitcoin price makes a new ATH by the end of 2024, it won't be above $80k. We expect Bitcoin price to hit $100k very soon but it may be next 4 years when then another four year circle will complete

Absolutely correct no one can tell about it’s price perfectly. But i also think it is not impossible, everything is possible in cryptocurrency market. We saw few month ago in this year Bitcoin price goes new ATH which was highest price in bitcoin history.

But my personal analyses within this yeas bitcoin will not go for new ATH. I think Bitcoin price will hit new ATH forst of 2025.We have to wait till then to see what will happen.

[rizqillah]

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH. but why does it matter to you that it has to happen this year or not? if the ATH is achieved next year, you will lost something?

I likely may not loss in a way but following analysis and watching the BTC trend, analyst always advice to HODL even when price is going down dip and fund start indicating red instead of green. As for those of us that were so eager to even purchase BTC when it's price was around $70000, we are hoping that it reaches a new ATH before the year ends.

Holding is the right thing to do if you have free funds to do so, but for me who has limited funds and has many life needs, I decided to do short and medium term trading. Because I need income and to enlarge my coin collection, so I don't just buy and hold coins that I believe will give me profit.

[nakmantu99]

its very possible maybe around Oct to Dec the price could go up more than 75K, that's already another ATH. but why does it matter to you that it has to happen this year or not? if the ATH is achieved next year, you will lost something?

I likely may not loss in a way but following analysis and watching the BTC trend, analyst always advice to HODL even when price is going down dip and fund start indicating red instead of green. As for those of us that were so eager to even purchase BTC when it's price was around $70000, we are hoping that it reaches a new ATH before the year ends.

Holding is the right thing to do if you have free funds to do so, but for me who has limited funds and has many life needs, I decided to do short and medium term trading. Because I need income and to enlarge my coin collection, so I don't just buy and hold coins that I believe will give me profit.

Isn't it possible that you can make a profit from trading and use it to buy bitcoins for long-term holding, because right now it is still good to buy and collect bitcoins because the bullish season is still a long way off, which is predicted to possibly happen next year.