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

[Azharul]

Bitcoin is one of the best valuable crypto in cryptocurrency market. But if now-a-days we can see that bitcoin price is down. Sometimes we saw that bitcoin price is high, another we also saw that bitcoin price is very high. Before few day's ago, when bitcoin price is low,than we will be very disappointed in cryptocurrency market.  But nest time it gradually increase. So i believe that end of 2024 bitcoin price will increase gradually, and i also think it’s price will cross $80k. So we must be wait for until bitcoin reach in best valuable stage.

[pieppiep]

Bitcoin is one of the best valuable crypto in cryptocurrency market. But if now-a-days we can see that bitcoin price is down. Sometimes we saw that bitcoin price is high, another we also saw that bitcoin price is very high. Before few day's ago, when bitcoin price is low,than we will be very disappointed in cryptocurrency market.  But nest time it gradually increase. So i believe that end of 2024 bitcoin price will increase gradually, and i also think it’s price will cross $80k. So we must be wait for until bitcoin reach in best valuable stage.

However, the current levels of bitcoin price should not be blown as a result of the current price drop. That is why it is wise to retain some capital out of which you can use to buy some more bitcoin. It is good for a buyer to get a bitcoin at cheap prices in a certain market condition. When Digital currency technology is increasing in the future I am very much confident that Bitcoin will be very much pricy in the next few years.

[Jating]

Bitcoin is one of the best valuable crypto in cryptocurrency market. But if now-a-days we can see that bitcoin price is down. Sometimes we saw that bitcoin price is high, another we also saw that bitcoin price is very high. Before few day's ago, when bitcoin price is low,than we will be very disappointed in cryptocurrency market.  But nest time it gradually increase. So i believe that end of 2024 bitcoin price will increase gradually, and i also think it’s price will cross $80k. So we must be wait for until bitcoin reach in best valuable stage.

However, the current levels of bitcoin price should not be blown as a result of the current price drop. That is why it is wise to retain some capital out of which you can use to buy some more bitcoin. It is good for a buyer to get a bitcoin at cheap prices in a certain market condition. When Digital currency technology is increasing in the future I am very much confident that Bitcoin will be very much pricy in the next few years.

Current levels is way below our expectations, and probably that's where many weak hands have been selling . Hopefully though, they will comeback on the market again and re-buy.

Maybe they are just reserving their capital for now and doesn't want to buy because they think that the market will continue to decline to even in the range of $45k'ish because that's what I see on some posts  that it will go lower than that.

[Wiseman]

Current levels is way below our expectations, and probably that's where many weak hands have been selling . Hopefully though, they will comeback on the market again and re-buy.

Maybe they are just reserving their capital for now and doesn't want to buy because they think that the market will continue to decline to even in the range of $45k'ish because that's what I see on some posts  that it will go lower than that.

I'm not sure that Bitcoin will be able to fall so much this season) someone is deliberately not letting Bitcoin grow and is waiting for some news so that it happens much stronger than the growth that we see now, this news can only be if some very famous person something (again, generalization)) and a large purchase of Bitcoins begins that will not be related to the time of year.

[Hamza2424]

Bitcoin is one of the best valuable crypto in cryptocurrency market. But if now-a-days we can see that bitcoin price is down. Sometimes we saw that bitcoin price is high, another we also saw that bitcoin price is very high. Before few day's ago, when bitcoin price is low,than we will be very disappointed in cryptocurrency market.  But nest time it gradually increase. So i believe that end of 2024 bitcoin price will increase gradually, and i also think it’s price will cross $80k. So we must be wait for until bitcoin reach in best valuable stage.

  What? I cant get what are you trying to say as price action follows the pattern so why get disappointed, also I'm sure you are not native English, like me, but you can use some grammar tools to increase the efficiency of fluency, and grammar in your posts. TBH I am quite confident on this figure of 80k and I've mentioned it many times in my posts so still lets see what is gonna happen next to it.

[MUGNIA]

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. 

The market is difficult to predict, but the hope of every BTC owner is to reach a new ATH. If BTC was able to break through $70k yesterday at the beginning of the year, then at the end of the year BTC could reach a new ATH of $99k, that's enough, it doesn't have to reach $100k, because every BTC achievement is highly appreciated.

[SamReomo]

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?

I guess, there's still some chance that Bitcoin might reach a new ATH in the end of this year but let's suppose if that doesn't happen then I'm pretty sure that we may see another ATH in 2025 for sure.

[MrSpasybo]

I'm not sure that Bitcoin will be able to fall so much this season) someone is deliberately not letting Bitcoin grow and is waiting for some news so that it happens much stronger than the growth that we see now, this news can only be if some very famous person something (again, generalization)) and a large purchase of Bitcoins begins that will not be related to the time of year.

Any scenario could play out in the future, including BTC potentially reaching a new ATH above $74K or dropping back to $30K next month. The FED interest rate cuts could be either positive or negative news depending on investor sentiment, in the worst-case scenario, a final sell-off could be triggered to allow whales to accumulate more BTC for their accounts before the crypto market enters a bullrun.

Returning to the topic, I think BTC could easily reach a new ATH, even approaching $100K in 2024, as Q4 is typically a very good period for the growth of BTC and the crypto market. The accumulation phase has been ongoing for the past 5 months, the compression has been tight enough, and the bullrun could explode when all the necessary conditions are met in terms of time and cash flow.

[Kemarit]

I'm not sure that Bitcoin will be able to fall so much this season) someone is deliberately not letting Bitcoin grow and is waiting for some news so that it happens much stronger than the growth that we see now, this news can only be if some very famous person something (again, generalization)) and a large purchase of Bitcoins begins that will not be related to the time of year.

Any scenario could play out in the future, including BTC potentially reaching a new ATH above $74K or dropping back to $30K next month. The FED interest rate cuts could be either positive or negative news depending on investor sentiment, in the worst-case scenario, a final sell-off could be triggered to allow whales to accumulate more BTC for their accounts before the crypto market enters a bullrun.

I think if the FED interest rate cuts below, then it could be big positive news for us and it could push the price even higher. Others says that even the result of the debate has big impact of the price, as we have reach $58,000 and could be getting into $60,000 is everything works well for us this month.

Returning to the topic, I think BTC could easily reach a new ATH, even approaching $100K in 2024, as Q4 is typically a very good period for the growth of BTC and the crypto market. The accumulation phase has been ongoing for the past 5 months, the compression has been tight enough, and the bullrun could explode when all the necessary conditions are met in terms of time and cash flow.

It might not be that easy, I mean if we consider prior halving and reaching $100,000 in 2024 or it could be the peak of it's bull run, it's a very rough road. There could be a lot of humps along the way and so with that, we should be very resilient at least and have the mental toughness to just hold unless we see that the price is moving on the positive direction.

[sampoerna]

It might not be that easy, I mean if we consider prior halving and reaching $100,000 in 2024 or it could be the peak of it's bull run, it's a very rough road. There could be a lot of humps along the way and so with that, we should be very resilient at least and have the mental toughness to just hold unless we see that the price is moving on the positive direction.

I might think that Bitcoin might be able to print a new ATH at the end of 2024, it all depends on how the price movement in Q4 will start in October which is usually known as the month when the positive trend starts again.

However, it might not reach $100k right away. However, I think if it has passed its ATH, it is already very good, for example if it can reach $80k, that is also a very good price movement before the peak season.

Maybe later some big news, especially about the US Presidential election, will also have a big influence on the movement of crypto prices. Usually, that's the case if there is a really good moment and involves many people and interests.

[Z-tight]

A new ath is possible before the end of the year, but currently crypto and world events do not favor that, but things change very quickly in the network. Right now BTC is finding it hard to break the $60k resistance and move closer to $70k, it could happen before the end of the year, but we would need positive events to favor that. However, do not be worried by fud, be patient and hold.

[NotATether]

Sure it can. But I suspect the election will have a lot to do with it. (I mean the election in the USA).

Whoever wins, it doesn't matter, it's going to send Bitcoin very high up from where it currently is now, because there is not a lot of resistance left between the current $57K price and the 70-something thousand all time high. And it wouldn't surprise me to see it stay there this time.

[gunhell16]

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.

If I base it on the historical price of Bitcoin, first of all, we have not really experienced the so-called bull run on Bitcoin. We are currently in bull season, which means we are far from a bear market. The altcoins season hasn't even happened yet; before the rally for bitcoin happens, it's the altcoins season first, although that will only happen for a while, and after that it's really a bull run.

Therefore, the ATH of bitcoin, in my opinion, will not happen this last month of 2024; instead, it will happen next year, 2025, and we just don't know which month because none of us really know, so just assess it; that's just your opinion or speculation.

[robelneo]

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.

FUD and FOMO play a big factor in the market, so it really depends on the kind of news that we are going to have headed to the end of this year, so its better to check the news that's coming, and if we can have an insight on this news, the better, I share your opinion, even though I am very bullish on Bitcoin, that an all time high will happen next year.

[taufik123]

FUD and FOMO play a big factor in the market, so it really depends on the kind of news that we are going to have headed to the end of this year, so its better to check the news that's coming, and if we can have an insight on this news, the better, I share your opinion, even though I am very bullish on Bitcoin, that an all time high will happen next year.

Yes I also think so, ATH will probably happen next year and for now Bitcoin is still consolidating to find its lowest point as a foothold to go higher.

Of course everyone expects it to happen sooner as it is by the end of the year, but it depends on how the current trend works.
Because the Bitcoin market is not stable enough and even touches in the $50k++ price area again.