With that new all time high back in March, I’m feeling kinda confused about where we’re headed this year. Like, that $73k peak really came outta nowhere. Are we still thinking we can break past it this year or is that a next-year kinda goal?
Where Do You Think Bitcoin Will Go in 2024?
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wallet2017Member
Posts: 36 · Reputation: 63
#2Apr 13, 2022, 03:02 PM
Honestly, I think this could’ve fit better in the speculation section. About the price, it’s really just a wait-and-see game. If you set your hopes too high, you might end up disappointed. Look what happened with that unexpected $73k. We can't really time these waves.
king_matrixMember
Posts: 65 · Reputation: 163
#3Apr 13, 2022, 08:20 PM
Right now, it feels like the market's correcting. I’ve seen some folks say we might break that $73k again by the end of the year. But predicting is tough. Still, I really think the bull run is coming. If you can, stack up some more while it’s low.
1. Agreed, this belongs in Speculation. 2. I’m hopeful we can push past $73k this year. Seems like Q4 could be promising... but then again, I’m not a fortune teller.
You can’t really pin down exact timings. If you look at past cycles, they all look kinda different. After the last halving, the pattern shows peaks after 6-18 months. Just gotta ride the waves.
No one has a solid answer for this. Bitcoin's all over the place. Who thought it would rise like it did in March? We could see another peak soon, or maybe it’ll stay flat. Just keep an eye out and do your own research.
Why set expectations in such a wild market? You gotta be ready for anything. I mean, nobody saw the $73k coming so quickly. History shows us that surprises aren't over yet.
chris.novaMember
Posts: 81 · Reputation: 229
#8Apr 14, 2022, 10:24 PM
Exactly my point. Hitting that $73k early was surprising, and the correction is keeping us down for now. I thought Q3 would be range-bound. Economic factors are wild, like the recent dip to $48k. Q4 is usually strong after halving, so let’s see.
I’m betting we’ll start seeing a climb back towards that ATH during the holidays. Feels like we’ll end the year looking pretty good as we head into 2025.
The recent approval of spot ETFs in the U.S. played a huge role in that ATH. I doubt prices will linger beneath it for long. Most are expecting $80k or more this year, but it’s all speculation.
Honestly, I feel like we haven’t even seen the real bull market yet. What we had was just the pre-halving hype. Remember 2019? We climbed fast but didn’t hit ATH. Now that would be insane to see today.
You can never be too sure with Bitcoin. Just because we hit that ATH doesn’t mean we’ll do it again this year. Lately, prices have been dipping. But anything’s possible with this crypto rollercoaster.
I’ve checked all the exchanges, and it looks like the ATH was around $74k. Don’t really know what’s next, but if it dips to $50k, that’s a good buy in.
For sure, if I’m right, that ATH might just be an average across exchanges. Gotta keep accumulating and have patience. We thought we'd be seeing six figures by now, but the market’s unpredictable.
Yeah, websites like Coingecko can show you those averages. I just look at my exchanges because they’re usually pretty close.
Market direction is a mystery, but major investors are buying big. That tells me something. It could just be the market shaking out weaker hands, you know the drill.
Totally, Bitcoin bounced back above $60k recently. I think it’s forming decent support in the $50k-$60k zone, so we might be alright no matter what.
Agreed, strong support lines are forming. If it dips, it should bounce back. This year could still be bullish, but it might take some time for the bull run to really kick off.
fox_rock3tMember
Posts: 41 · Reputation: 172
#19Apr 16, 2022, 05:08 AM
Yes, better things are on the way. Don't doubt that we can beat our previous highs after the halving. Patience is key. The last quarter might surprise us.
Have you put money into BTC or are you all about altcoins? Everyone’s waiting for Bitcoin to pump the altcoins, but that hasn’t always been the case. Bitcoin's showed way better growth compared to the first altcoin.