Bitcoin will hit $300k🔥

[Fivestar4everMVP]

Well, this is not me typing just just sharing a tweet I came across on X, which is from a dude i have been following for a while, who seems to have some good knowledge of the crypto market since way back..

And here is his post in quote....

Bitcoin will hit $300k🔥

Ethereum will hit $20k🔥

Many altcoins will do 20X - 100X

Lots of Memes will do 1000X - 100,000X

The market is about to blow up💰🔥

How do I know?

There is nothing new under the sun

What is today is what has been and what will be tomorrow.

Yes, history don't exactly repeat itself but it does follow similar pattern.

Let's use a major crypto bull run to predict what could possibly happen in the market in the next couple of weeks and months to come.

If you miss the opportunity the market present now and can't afford to make at least $5k after the next bull run then crypto is not for you.

I don't want this post long, as such I will get straight up to the statistics—

(1) On the 20th October 2016, Bitcoin after halving had a liquidity shock supply, followed by the US presidential election, and ICO craziness everywhere, then the bull run lit up🔥💰

(2) On the 20th October 2020, after Bitcoin halving, liquidity shock supply, again, followed by the US presidential election, but a new narrative sufaced— the "DeFi craziness, then next is a bull run🔥💰

Fast-forward to TODAY—

What similar trend and patterns are playing out in the market right now—

(3) On the 20th Oct 2024, after Bitcoin halving, already there is a liquidity shock supply, the US presidential election will be in November, currently, there is a "Meme craziness" what will follow is a bull run.

The above are a few reoccurring fundamental research

Let's delve a bit into technical research—

Technically, every time Bitcoin do 25MA and 35MA golden cross on the monthly timeframe, what follows next is a parabolic pump.

Again, let's consult history—
 
In 2016-2017 bullrun after the golden cross, Bitcoin pumped over 2,300%
 
In 2020-2021 bull run, after the golden cross, Bitcoin pumped to over 500%
 
Right now, the golden cross has happened, I highly believe it's time for a parabolic pump🔥💰🚀

If history repeats itself which I'm 98% it sure will, what is coming is a dangerous wealth transfer only accessible to those who are positioned.

I beg you in the name of whatever you respect, don't miss this bull run, there might not be another🔥💰🚀

Sell anything that need to be sold to position.

Go and borrow money and pay back in one year time, rent or sell your house, sell your cars, sell any sellable properties.

In fact, if you can, rent out your kids or spouse, when the bull market is over you can go and buy them back🤣😂. This is sarcasm ooh 🤣

The Hallmark is, do everything you can to raise funds to position right now for the bull profit.

So, I am curious to learn what ya all think, do you think he is right?, or wrong? Or are you just in-between this two opinions? Let's discuss about this and as well, the supposed coming bull run.


FIND THE TWEET, PLUS IMAGE PROOFS HERE

[Mia Chloe]

I'm a a crypto enthusiast too and specifically a bitcoin enthusiast. Well what the guy says is very possible but I'll just summarise the whole thing to time and government regulations and rules. Bitcoin within less than two decades has built so much adoption enough to push it's price from being just the worthless first crypto currency to the most important and valuable crypto currency in the market today.

It's difficult to get  a market pair that is a crypto currency to be on a steady uptrend for a very long time without consecutive pullbacks at intervals. And that's the main reason bitcoin won't get to $200k very very quickly since pull back slow the market down a bit.

[bayu7adi]

the data is interesting to digest for the general public, by displaying historical data... however, a high percentage increase seems difficult to happen, considering that we all know that the price of Bitcoin is not as cheap as in 2016... it is possible that the price of $300k will not be achieved in the near future, many are still targeting $100k and that seems difficult to happen

Tomorrow is October 20th, and that is proof... at least currently bullish is happening... breaking through the resistance of $70k is a surprise that will make bitcoin fly even higher.

[Findingnemo]

300K is bit out of line in my calculation, 150K to 200K is definitely possible based on the historical performance but also we need to consider that we can't expect the same growth like 1000% as before because it reached a place that's too big so the growth might be limited for every cycle and that's the good thing too or else people will just consider it only as bump and dump then the real utility of decentralisation will be left unexplored.

[Asiska02]

So, I am curious to learn what ya all think, do you think he is right?, or wrong? Or are you just in-between this two opinions? Let's discuss about this and as well, the supposed coming bull run.

FIND THE TWEET, PLUS IMAGE PROOFS HERE

He is not wrong with all the analysis he has given about the market and how the market has transgressed since inception from halving to halving and from bull run to bull run every time. History always repeat itself though but in some cases, it’ll not follow same pattern but the ultimate goal of every process will be achieved which is the bull run period. I only want to disagree with his claim that bitcoin will get to $300K this season because that is something we cannot predict in any way but can only be speculating about it always from time to time or what we foresee about the market. The bull run will come but as for that price, I don’t think we can agree and be certain that it’ll reach there.

[0t3p0t]

Maybe that guy has target duration of his holdings and price to take profit that is why he is saying $300k is possible but it really is and we don't have enough idea when will it happen but for me it is really possible given the current situation in the world where crypto investors are cautious about the chaos the world has nowadays and I think Bitcoin would be the best choice for our assets to keep without a trace.

[JISAN]

This analysis is very exciting but I don't think this will happen, bitcoin will need a few more halvings because in this halving, bitcoin price can hit $80 to $85 thousand at most, but if Donald Trump wins the election, maybe it will be in the millions of dollars.  Might hit but not very likely.  We sometimes expect too much from Bitcoin that is not logically supposed to happen.  Different people are making different predictions here but it will be seen how much Bitcoin can hit after Donald Trump wins the election.  But expecting it to hit $300k I think is far too foolish

[electronicash]

Maybe that guy has target duration of his holdings and price to take profit that is why he is saying $300k is possible but it really is and we don't have enough idea when will it happen but for me it is really possible given the current situation in the world where crypto investors are cautious about the chaos the world has nowadays and I think Bitcoin would be the best choice for our assets to keep without a trace.

its usually the case. an investor with large stake of course they'd say everything just Saylor predicting $1M but whatever they say as long as it does make a good publicity for BTC, i think the crypto community will not really make it a big issue.

$300k though is still too big for its jump because BTC had already have its run since the start of this year.  somehow the whales are just doing something like this because the price maay depend on the election result.

[Gposas]

Quite interesting historical update, but in the aspect of governmental effect is he simply saying after the US Election there'll be a good reason for pump in price?
On the other hand, I may not be very good at price speculation but the reason of BTC getting to 300k would take a long time for the case of other market factors including market mechanism of demand and supply and the case of cumbersome sell off from investors which could occur for some reasons.
But I will be glad if the speculation says BTC could grow above it's ATH before the end of the year giving a great pump action for Altcoins.

[vegasus]

And indeed for now, the market condition is still running very well. Compared to a week ago, the price of BTC has also increased by more than 8%. and is it possible that tomorrow it will reach $ 70k? Well, elt's see

And for the price of BTC it will be at $ 300k, maybe, but it seems like it will take more time, and maybe not for this bullrun. at least the target for this bullrun I believe that it will touch $ 100k, and maybe it will be more up to $ 130k, it's just that for $ 300k, it might still be quite far, in the next bullrun season it might happen.

[Z-tight]

I don't know if the last part of his post is a joke, i am talking about the point were he is encouraging people to sell their properties, take loans, just to buy BTC, for the records, that is not a recommended move and i don't support anyone to do that. However, as for $300k, i don't think it is possible in this cycle, i am looking at $150k max, but BTC price is unpredictable, so we wait and see.

[smartaction]

the data is interesting to digest for the general public, by displaying historical data... however, a high percentage increase seems difficult to happen, considering that we all know that the price of Bitcoin is not as cheap as in 2016... it is possible that the price of $300k will not be achieved in the near future, many are still targeting $100k and that seems difficult to happen

Tomorrow is October 20th, and that is proof... at least currently bullish is happening... breaking through the resistance of $70k is a surprise that will make bitcoin fly even higher.

$300k price may be in near future but now target is $100k bitcoin price next year. Hope bitcoin market is going to be good soon. Bitcoin market is starting to grow a lot now. Lots of people have commented on bitcoin price from here.  Bitcoin market could be good soon, we have to do now. However, those who have been trading Bitcoin are predicting that the value of Bitcoin will increase several times in the next year.

[hugeblack]

I hope we see these prices in 2025, but it will be difficult with the current economic and political changes. We should also not forget that the market has exceeded a trillion dollars, and doubling the price is no longer as easy as it was in the past. To reach 5 trillion dollars, a lot of liquidity must flow.
As for the prices above, they are assuming that the cryptocurrency market will reach half of gold Market Cap.

[royalRitta]

the data is interesting to digest for the general public, by displaying historical data... however, a high percentage increase seems difficult to happen, considering that we all know that the price of Bitcoin is not as cheap as in 2016... it is possible that the price of $300k will not be achieved in the near future, many are still targeting $100k and that seems difficult to happen

Tomorrow is October 20th, and that is proof... at least currently bullish is happening... breaking through the resistance of $70k is a surprise that will make bitcoin fly even higher.

$300k price may be in near future but now target is $100k bitcoin price next year. Hope bitcoin market is going to be good soon. Bitcoin market is starting to grow a lot now. Lots of people have commented on bitcoin price from here.  Bitcoin market could be good soon, we have to do now. However, those who have been trading Bitcoin are predicting that the value of Bitcoin will increase several times in the next year.

I too think this way.
Also, the part about selling your house and so on is just a craze about BTC overall, however, I do agree BTC will pump in 2025, albeit to an unknown degree yet.
Only time will tell.
 

[taufik123]

-snip-
$300k though is still too big for its jump because BTC had already have its run since the start of this year.  somehow the whales are just doing something like this because the price maay depend on the election result.

The results of the election will certainly have an extraordinary biased effect, if Trump wins this will also be a victory for Bitcoin and Bitcoin may reach a new ATH.

But if Trump loses, then some downside effect may occur, this is a strong fundamental effect so that price movements can happen quickly.

To reach $300k certainly takes an incredible boost, I don't know when that will happen, But my closest target will only settle at $100k, that's enough and will sell it which will then buy it back at a lower price, this is a strategy.