Predictions on Bitcoin's Future: Is $57k the Bottom?

20 replies 39 views
shard_2013Full Member
Posts: 634 · Reputation: 287
#1May 13, 2024, 05:57 AM
So the 'Crypto Godfather' thinks Bitcoin isn’t done falling and might hit around $57k soon. Says we probably won't see any new highs this year.
7 Reply Quote Share
CalmMinerFull Member
Posts: 554 · Reputation: 784
#2May 14, 2024, 03:27 PM
Totally with that. Anyone looking closely knows Bitcoin can dip lower. Personally, I expected way more drops than that. A 60% fall from ATH makes sense to me.
2 Reply Quote Share
Posts: 82 · Reputation: 38
#3May 14, 2024, 06:00 PM
I doubt it’ll get that low in 2027 though. I think Bitcoin could rise reasonably high again before it really takes off.
3 Reply Quote Share
maxoracleMember
Posts: 352 · Reputation: 74
#4May 17, 2024, 04:51 AM
If history repeats, $40k is possible too. Sure, last time was rough because of those exchange crashes. This time it might not be as bad but I still see that dip.
3 Reply Quote Share
byte_2015Member
Posts: 104 · Reputation: 221
#5May 17, 2024, 08:40 AM
I’m still hoping for new highs this year. The markets always surprise us. Just gotta wait and see.
4 Reply Quote Share
AtomicForkFull Member
Posts: 352 · Reputation: 479
#6May 17, 2024, 02:56 PM
Yeah I feel that too, but I see lower prices coming for the rest of the year. Surprises could happen, no doubt.
4 Reply Quote Share
Posts: 138 · Reputation: 44
#7May 17, 2024, 03:43 PM
Who knows? Everyone’s just guessing. Research is key, don’t take everything said for granted. Might drop before rising again.
2 Reply Quote Share
CalmMinerFull Member
Posts: 554 · Reputation: 784
#8May 17, 2024, 09:11 PM
I see a trend where Bitcoin should follow past patterns. Bottom might be below $60k. Recovery could be in 2027.
3 Reply Quote Share
b3ar69Full Member
Posts: 98 · Reputation: 401
#9May 18, 2024, 05:42 PM
Right? But when and how will we hit that low is anyone's guess. Market cycles are all over the place.
3 Reply Quote Share
tom.pixelHero Member
Posts: 166 · Reputation: 3166
#10May 19, 2024, 02:03 PM
Exactly, we can’t just rely on one guy’s prediction. The market is wild, could go either way.
0 Reply Quote Share
Posts: 75 · Reputation: 33
#11May 21, 2024, 04:39 AM
Honestly, I think he’s on the right track saying we won’t hit ATH this year. The bear market is still here.
5 Reply Quote Share
shrimpNewbie
Posts: 289 · Reputation: 20
#12May 21, 2024, 05:59 AM
I feel like we could surprise everyone with a bounce back, but truth is no one knows for sure.
3 Reply Quote Share
maxoracleMember
Posts: 352 · Reputation: 74
#13May 21, 2024, 07:06 AM
Been burned by so-called experts before. Take everything they say with a grain of salt.
2 Reply Quote Share
Posts: 65 · Reputation: 14
#14May 21, 2024, 08:27 AM
This bear market means no ATH. Probably makes sense to prepare for the next cycle.
3 Reply Quote Share
1m_w1zardHero Member
Posts: 30 · Reputation: 2302
#15May 21, 2024, 01:49 PM
+1 on being cautious. History tells us we should be braced for these dips.
2 Reply Quote Share
0xBearFull Member
Posts: 54 · Reputation: 631
#16May 21, 2024, 06:49 PM
I see the $57k prediction as optimistic. I can see a scenario where we dip below $60k though.
0 Reply Quote Share
max365Newbie
Posts: 234 · Reputation: 20
#17May 22, 2024, 01:13 PM
You might be right, but it feels like we have some support around the $60k mark.
3 Reply Quote Share
MadNovaHero Member
Posts: 278 · Reputation: 3536
#18May 22, 2024, 05:14 PM
Let’s not forget the potential for another wild swing before we hit any lows.
4 Reply Quote Share
Posts: 225 · Reputation: 61
#19May 22, 2024, 09:55 PM
I think we need to let the market play out. Can’t just knee-jerk to predictions.
3 Reply Quote Share
GrimHawkMember
Posts: 21 · Reputation: 236
#20May 23, 2024, 03:15 AM
Anyone else think the Crypto Godfather is just throwing darts at a board? Sounds possible, but still too uncertain.
1 Reply Quote Share

Related topics