Bitcoin Forum

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023.

Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023.

The next Bitcoin cycle should peak out in July 2023 and could reach a price at $150,000 or more per Bitcoin

Cycle Peak Prices:
2011: $31
2014: $1,177
2017: $19,764
2023: ???  ($150,000+ projected)

10:51 PM - Mar 31, 2019 - twitter: https://twitter.com/Josh_Rager/status/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

This should be on Speculation (https://bitcointalk.org/index.php?board=57.0) section.

Didn't saw much of a technical analyzation or details since he based his speculation of what will be the future price based on it's past performance. Therefore, it will just be added to set of speculations by other analyst.

But I like his positivity. Newbies can also look at his chart readings for references purposes.

This is just wishful thinking.I always see this quote, "past performance does not guarantee future performance." The same can be applied to bitcoin.

Good analysis, everything can happen in this world, Bitcoin is the most successful digital currency at the moment, its growth from year to year is always increasing, and this has been proven, hopefully this prediction becomes real.

He skipped 2020's major event of bitcoin halving but foresee's that the effect would come by the end of 2021. And by that time, he said that it will surpass $20k and could reach a new all time high. What can we ask from this speculative market? all of the points and speculations were pretty interesting. I'm starting to think now on what would life will be if the price speculated will be reached by that time. But there's also a  question that bothers me, am I still holding until that time?

Most likely it won't just like the other speculations we see from the "experts".

I agree that it doesn't guarantee the future price, the blue line on the picture is always above or below the projected line it could be close to $150,000 but 2023 seem too long I feel like the new peak would be reached maybe a year early.

He didn't skipped the halving events, on his prediction the line is projected go back up after each halving

Am I missing it right? Gap of years between 2017 and 2023 is 6 years? Previous bounce gaps are 3  years? Maybe it should be in 2020 right? Well if we are talking about the Bitcoin cycle should be next year I think. Or maybe a new cycle is born and the gap their gaps will be six years in 3 rows.

2023 will be too long to see the next highest bitcoin price. Maybe that price can be reached the next year since the reward for the miner is reduced and I think that will makes the price will increase higher. That is still prediction only, and people can say anything related to bitcoin price. I only believe that bitcoin get the new highest price in the future as we cannot predict when it's happening.

Makes sense.

From $200 to $20k, we had a x100 pump and this happened when people were already thinking that bitcoin was too big to move.

Now we had $3.1k. If we make another x100 run, we'll get to $300k.

But, I believe the the next pump won't be as strong as the last one which was x100, so $150k (x50) makes sense in a way.

Also %99 of the time you won't be able to get out at the absolute top, so you better set your targets at $100k instead.

Why all the time they are remembering that the price already fell 82%? this does not help bitcoin


$150,000?

this is a big exaggeration, I like bitcoin, I like to hear the price forecasts, I like to be optimistic ... But we have to be more moderate when we make price forecasts. $ 150,000 is a very high value. if he told me $ 30,000 I could say that he has chances to be possible, but $ 150,000 is a big exaggeration.


all he did was look past and try to look to the future. But in the case of bitcoin is a big mistake look at the past and think that it will repeat itself in the future. in the past there was little adoption and less government pressure, there is now greater adoption and greater pressure from governments.

Don't you see the market? every year Bitcoin doesn't increase and the market takes a few years to pump again and now good pumping occurs after being under $ 4000 for a long time, I think this hasn't entered the real bull market phase but this is reasonable price fluctuations and there are many people talk about manipulation, I don't think too much about it because I expect everything to be fine until the market really becomes a great market.

Just a Cycle some times it can be wrong, but i think bitcoin price on $150,000 to exaggerating. On his speculation only based on a cycle, any reason why bitcoin will cross $150,000 with a 4 years starts from now. Nothing is definitely in the future, i still on realistic target in this year or 2020 bitcoin need cross $10,000 or $15,000 first before the next rally with Halving bitcoin on 2020.

It is just another speculation or prediction based on the past cycle pattern, but I do not think bitcoin has its pattern as the price is always depending on the global supply and demand. As what others have said, $150,000 in the next 4-5 years is just too much. Bitcoin can break its ATH in the next 4-5 years is reasonable but not for $150,000 imho. Of course we have our own prediction and speculation, we are free to predict but I think we should be more realistic.

I would believe this analysis because every year bitcoin gets major adoption from different countries and business establishment. It's not far from reality with the current market where every year more traders are coming into exchanges and trading bitcoin.

indeed, from year to year, people who know the cryptocurrency trade will be more numerous and certainly it will have a good impact on the price of bitcoin which will certainly be very expensive because of the increasing influence of demand.

Wait what, I only need to wait 4 years for my beloved Bitcoin to reach 30x? So if I somehow manage to collect 1 Bitcoin in 2019, I will have 150k in 2023?

4 years to financial freedom? I can't wait seriously. It's too long for me. But let's be serious guys. When was the last time we say 30x happen in 4 years? Oh wait, it happened many times in Bitcoin;)

1 Bitcoin. My mantra now.

That's a bit too exaggerating to see, but many would be happy if that's the future of Bitcoin. Yes it's too much yet if becomes a reality then I would be glad to say that I will be a millionaire in my country by that time.

Very optimistic forecast. We don't even know how long the price can hover at 5k. Many are even suspecting that this is some sort of false signalling, check how market would react to a perceived approaching bull run.

Yes, I don't know why he skipped it. Because that's what everyone waiting for, the catalyst to re-ignite the market to a new all-time-high in 2021 and beyond.

I can't say much to his prediction, everyone wanted to see a big price and collecting bitcoin as this point should be our main goal. Maybe his prediction can became a reality, or maybe not, but at least we are all prepared and not to be caught off-guard.

Yep, we definitely don't know when it could or would happen. I'd better be prepared with any scenario, not going to go all in or buying too little.


A clear indication of disbelief phase imo, and there could be a new run soon.

It would be too wild should the price of one bitcoin turn out to be $150,000. Charts are great tools in determining price for the short-term movement, although I still believe that charts alone, together with TA tools and methods are still inaccurate and crude when it comes to future price movements. I mean, $150,000 / BTC is huge, and I cannot wrap myself around that given how much money would needed to be injected in the market for that to materialize.

And yet this bubble and the following beariness has played out in a similar manner to the last one so far. The only thing that's changed is the number of people and the higher price their stampede creates.

I used to be disdainful of that psychology of a bubble chart, but it fit the previous bubble perfectly and this one is lining up too.

The only thing that decides price is human psychology and that never changes. Assuming it stays alive, until Bitcoin has peaked in terms of adoption and becomes ubiquitous there'll be periods of excitement that turn feverish to be followed by disaster again. That's a consequence of a little understood new technology and a fixed supply.

I wouldn't make any price predictions. I am certain there'll be future ridiculous price peaks and when you pull back they'll be a different scale but ultimately look the same.

it's true that at this time the price of bitcoin has reached a price of $5k but it can't guarantee you to always go up, surely there will still be where later the price of bitcoin will fall to $ 4k again, because there is still no good news and no issues which could trigger investors to buy bitcoin again.

That's really  a sick prediction to be very much honest.
Like if this really happen then i gonna walk naked in the street lmao.
But before predicting anything about Bitcoin,  we need to know about the facts for which the price of Bitcoin increases. Like when there is a huge demand of the coin,  the price increase as the supply will be less.
So hope the predictions will be true soon and many people like me will sell their hard earned btc in high price.
Wish us goodluck.

I think it would not make any sense to check previous prices and try to estimate the future prices, it doesn't really have that type of increase every time, look at the all time highs none of them really increased the same amount between them not even in percentage wise, it just depends on how big it gets.

If the corporations and banks and politicians all get behind it and the regulations are lifted and it is a free economy for all with the mainstret news channel constantly sharing it on all news every day than we can see a huge spike that is true but without the proper help and even some limitations than we may never see those numbers, 150 thousand dollars is a number we can only reach with the help from law and without their help we can only hope to break the previous all time high.

A bit weird to see everyone poo poohing this. I would not have predicted $20,000 arriving when it did. Not by a goddamn long shot. Most exchanges are still shit, real volumes are tiny, contempt and ignorance still rains down from most angles.

At the same time we're not too far off only 10% of all coins remaining to be mined and there still isn't a straightforward route in for conventional investment money. Lift some of things weighing it down and it's going to fly at some point. 

Seriously, the bubble cycle happened three times already, and we're showing signs we're near the end of the third bear cycle. Dismissing the possibility outright as "wishful thinking" is really shortsighted, especially when the fundamentals and technicals both make it plausible.

It's par for the course to see people feeling this way though. Most people didn't expect the 2017 bubble. The same will happen next time.

Agree, although from the trend that it will keep on surging but it still some prediction, everyone is waiting for the big adoption here to make this surge comes true. And if there is big adoption there will be some regulations coming up again which will limit the movement here. Many of them said that bitcoin is still bubble with the current price, so we can only wait till it comes back to the peak this year or may be 2 more years

someone who can't really do simple math should not be worthy of reporting here as an "analyst" of bitcoin market. he is describing bitcoin cycles (which do not exist by the way) which take 3 years and he even mentions the historical times that they occurred, each in 3 years and then he forgets that 2017 + 3 years is equal to 2020 not 2023 which would be 6 years not 3!

if we are to believe such cycles are being repeated then the current stage is the exact copy of 2015 where price went from $220 to $300+ with a 50% rise in about 2 or 3 months and by the end of the year we already had >100% rise and the next year was the ATH. so by the end of 2019 we should see price be at $15000 and in 2020 a new ATH. and we are already behind schedule.

Yeah, I'm just looking for that word and date which isn't on his analysis but you're right.

That's the reaction that we need to conduct while the market starts to show it's character that it can recover so fast. If his prediction comes into reality, well it's celebration time for most and that's everybody wanted to see.

Hopefully nowhere below 3k. That was just horrible, at least compared to last year's prices. I believe we can exceed 20k, I'm just skeptical that we'll have a bullrun this early. That don't make me a FUDster.

I don’t think we will have to wait until 2023 for the peak of the next bull run. It’s more likely to arrive in late 2021 or any time in 2022.

I hope it will happen in this year and the next year because the signal still on the green candle and maybe this week, we can see a new highest price at all market. And if this week, the price can increase higher, then we can hope that in this month will be a great step for bitcoin and altcoin to rise again and change the trend from the bear market into the bull market.

it is simply impossible to reach $150k (which is a 4900% rise) in one year for bitcoin because it is not a pump and dump altcoin. but it is going to be easy to get there in 2 years starting from 2019 meaning hit the ATH this year's end and rally up in next year.

Actually, this price can be reached in 2021.

In 2020 we can go back to the previous ATH (probably one year from now), and then it can quickly escalate, raising 10k each month. Bitcoin will never be the same, the nocoiners will be begging for scraps.

I think that's too rush and impossible that the price will keep on rising 10k each month, the market and the investors already not the same, alot of them already diversify into different coins which makes bitcoin grow a bit slower, I think the 150k is not impossible but its a bit unrealistic if we can see it hit so high in few years, the growth of bitcoin is good but reaching that high price in a short time is a small chance

Well, 2023 maybe too long for you but isn't it worth the wait for a $150k price? Also, if ever we're going to reach such price, bull run has been started already before we got into that year. So waiting that long isn't boring since price started to move upward, possibly higher than $20k. Of course this is just speculation but then this makes me excited because we all know there's a chance for it but for me, such price will take even longer than we are expected.

Once people really get the bit between their teeth it'll be 10k or more in a day, or an hour. Things do not ease off as the price heats up. The pressure builds until it blows.

By that point the whole thing will be a disaster area with the blockchain heaving and exchanges seized so part of me hopes it doesn't happen that way, but I guarantee you that it will.

I think it will be difficult to happen, the price movement will not move straight and break the price of $150,000 in 2023. I believe in bitcoin but I doubt the movement without such obstacles.

Eventually the price will be so high that people will use smaller units more often like mBTC or satoshis.  Its just not appealing to use large decimal places when selling this in btc.  I know electrum and casinos are starting to use mBTC more instead of the standard btc but it still has low adoption. 

When do you think we’ll see over $100,000 gentlemand?

Ooh, I wouldn't like to say. I guess if we go on past performance there's going to be a peak in Nov/Dec 2021 but that all seems a little toooo predictable to me. I have zero idea whether that peak would be in six figures though.

Im being conservative. If we have a bull run of 20x, like we had in 2017, we will have something between 300-400k by the end of 2021, with the price falling to 30-50k in the next crypto-winter. Im more worried about statist crackdown, though. The evil guys will not let us have this money.

Maybe the price will be high in 2023, but until then we need to have more and more people who use it, and new online shops accepting it, and services where we can pay bills with bitcoin, and if this will happen then the price can only get moon over time.

They'll be right in the middle of it. Many will have already been lurking in the shadows for many years.

I can see the shakier economies getting twitchy about it but they already are.



Retail is irrelevant. Merchant adoption peaked 5 years ago and has been falling since. No one wants to spend it when it's going up. No one wants to spend it when it's in the crapper. For better or worse it's an asset class used for speculation. Some day maybe it'll become some sort of currency but only after this current stage has been left behind.

Yes, we might even see Bitcoin grow more than the specified price because a lot of countries are already facing lot of crisis and Bitcoin has always been their savior and will still be the savior to even much more countries in the year 2020, this is why I have been telling people to hold as much Bitcoin as they can hold for now because after this year, we would never see Bitcoin in the rate of $5000 anymore or even anything close to it, so let's get wise and buy a lot of coin.

It is just a wishful thinking I guess. Lol which is not bad, just like we use to say, anything is possible provided it’s a positive one, what I just use to advise most people is that, we can wish it outside but deep inside of us, we need to learn to be realistic.

Bitcoin will perform greatly this year and other years to come, but for this year, what I expect Bitcoin would do is to get close to the ATH of last bull or a little bit above it but to say its $150k, nah. The OP is even more realistic, at least by 2023, I know Bitcoin will surprise lots of people and there will be so much of FOMO that time pushing people into investment that will in turn generate such huge value.

I am seeing this related predictions around this $150000 or $160,000 trading area in 2023. I think we are going to see above that price in 2023 because by then many institutional investors will be in the market and governments most have understood bitcoin and blockchain technology then.

the fact that already at the summit of the Big Twenty ki were talking about cryptocurrency, already has a very positive impact on the popularization of u.i. then the technology and the hope of a quick introduction into the daily life of a person. Based on this, it is quite possible to assume such a high cost of Bitcoin after only a few years.

Time will tell everything but after seeing BTC history from beginning to till date, it suggests nothing is impossible.Yeah by then in 2023 there will be much more acceptance and investors comes by making it world currency.

I think that it is quite possible that Bitcoin in 2023 will be able to achieve such an unprecedented price, based on the practice of what was happening earlier, I think that the probability of this is quite high, and I plan to keep my coins for at least four more years or even more.

Well, in as much as I believe that Bitcoin market value will keep on growing, I don't see Bitcoin reaching the level of$150,000 by the year 2023 please let's be realistic in some of our analysis so that we will not end up misleading people.

I really see this speculation as wishful thinking or imagination of what the probability is insignificant and I encourage people not take any investment decision based on this wishful imagination.

I well remember people categorically stating that BTC could not get above $300 ever again, and $10,000 was spoken of in the exact same way that six figures is now - pure la la land.

There are still billions of potential users yet to arrive. These price guesses are outlandish but if you factor in the fresh meat yet to arrive they make sense. It all depends on the rate at which new people turn up.

A 150.000 dollar bitcoins in 4 years from now are possible. Theirs no doubt that bitcoins are heavily undervalued, so a longer bull run cycle cut brings bitcoins up to $150k or above.  I think if we really push up there we can also go even higher. However a 2050 days cycles sound like a very long one, so I think we will max out next bull cycle before 2023

$100k is easy, look at the impeding fiat collapse. The US gains a trillion in debt every year. Think about that. There's no way it can be saved, the fiat ship is going down.

Well, I'll believe that when I see it. People have been shouting it for decades and it's still chugging along quite contentedly. Going on what they've been willing to throw at it so far they may have a few more tricks sloshing around in their wee bag.

It doesn't have to collapse for bitcoin to skyrocket as a hedge - this hopeless situation just needs to keep getting worse, which it will - since there is no way to save it. $23 trillion in debt and adding a trillion every year is about as hopeless as it gets, and that's just one country.
Economic collapse is inevitable, no matter how much time we have left. Don't forget why bitcoin was created in the first place, the recession, the housing market collapse and bailouts of the late 2000s, but most importantly - the out of control deficits that were just getting started.

Good point. But it sometimes feels like there's a new reality that people have a weird acceptance for. Does that sound like 'this time it's different' or 'it's a new paradigm'?... guess it does a bit and we all know how that ends up. I hope for the sake of regular folks it doesn't happen but it does feel like a one way trip.

I'm not talking about sentiment - I'm talking about the threat of and reality of honest to God economic collapse and how smart people with money will respond.

In another thread people were complaining about the wild predictions that some people were making and now I understand what they meant, while I have no doubts that the price will recover by that year it is impossible to predict how high the price will go but I find it very unlikely that we are going to reach 150,000 dollars for each coin that soon, and if we do, that price is not going to be sustainable and it is only going to generate another huge crash.