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

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shard_2013Full Member
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#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.
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CalmMinerFull Member
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#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.
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#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.
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maxoracleMember
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#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.
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byte_2015Member
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#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.
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AtomicForkFull Member
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#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.
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#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.
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CalmMinerFull Member
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#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.
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b3ar69Full Member
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#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.
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tom.pixelHero Member
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#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.
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#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.
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shrimpNewbie
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#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.
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maxoracleMember
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#13May 21, 2024, 07:06 AM
Been burned by so-called experts before. Take everything they say with a grain of salt.
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#14May 21, 2024, 08:27 AM
This bear market means no ATH. Probably makes sense to prepare for the next cycle.
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1m_w1zardHero Member
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#15May 21, 2024, 01:49 PM
+1 on being cautious. History tells us we should be braced for these dips.
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0xBearFull Member
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#16May 21, 2024, 06:49 PM
I see the $57k prediction as optimistic. I can see a scenario where we dip below $60k though.
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max365Newbie
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#17May 22, 2024, 01:13 PM
You might be right, but it feels like we have some support around the $60k mark.
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MadNovaHero Member
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#18May 22, 2024, 05:14 PM
Let’s not forget the potential for another wild swing before we hit any lows.
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#19May 22, 2024, 09:55 PM
I think we need to let the market play out. Can’t just knee-jerk to predictions.
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GrimHawkMember
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#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.
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