Bitcoin Forum

Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

You have really made a nice prediction here but as we all know prediction with less knowledge always  brings 50 50 opportunities from which most of the people lost. So, AFAIK, btc might hit $40k because it has already tried its best to reach $35k and due to banking problems which you might have not predicted in January, that has downed the btc prices alot and after that, there were sec's crack down, plus now there is ordinal problem and orc-20 tokens problems. Despite all of these btc has hold it position at $25k and made it a hard support level. So i think, keeping this support level in mind btc has the potential to hit $40k in almost last quarter of 2023.

Its my spectulation so please dyor too before following mine.  As there is one more factor there which ensures BTC to reach $40k which is mext year halving. I have already talked about halving many times and will talk about it here too. Which is --> halving might come in april 2024 and after that bullish cycle will start and btc will make its new ATH, which is a good sign for BTC to hit atleast once $40k this year.

I'm not an expert and I don't have much of a problem with how much the price should reach year after year, because as I have speculated in this market experience, they are for reference only initiate or take profit according to the volatility of this market. I find it very funny when someone keeps making arguments about how prices are going, as if they are talking about going both wrong and right. Anyway, all price speculations are just for discussion and long-term or short-term investments are all envisioned and set on each person's goals.

Actually it's pretty possible Bitcoin price would reach $40K since there are still 6 months to go and it's not far from the current price. $40K isn't that high too since the last Bitcoin ATH was at $69K. This and next year Bitcoin price will just be around $20K-$40K and 2025, the bull run would be started.

Even though many people saying history will not always repeat, but it's high likely will repeat.

How do you know do you have a list of predictions, there are no exact predictions and predictions varied for every investor and traders.

It's too early to tell about the price we are just halfway through the year, and so many things are going to happen all I know is I'm very positive about the outlook this year, 2022 is a very hard year for us and 2023 a year before the halving is a good time to accumulate, the next halving will probably very different now because we have massive adoption and we will have a deduction of the output, the demand will be greater than the supply.

That's a good prediction, it may happen and it may not happen, but that is not the main goal here, my main goal is to hold my bitcoin for a very long period of time and I refuse to sell it at a lower price.

Bitcoin predictions are only good for those who are in the market for a short period of time, or for a short-term gain,  if you're in the market for a long-term profit,  the present  value of bitcoin shouldn't matter to you or what the value of bitcoin will be at the end of this year shouldn't  matter to you.

30k or more is possible because we are not even in the bitcoin halving year, I don't understand what people are trying to achieve with the price of Bitcoin in a bear market, either you like it or not, 2023 will be a bear market through out, the promising movement from Bitcoin will come in 2024.

Bitcoin already reached the 30K level in less than half a year but this price wall is the previous price when LUNA&FTX crashed the crypto market. This only means that the crypto market already recovered on FUD which cause this downtrend to the ATL for this cycle. There's a high chance that 40K will be reached this year since next year is halving and we all know that the Bitcoin price always pumps pre-halving. The chance of a strong rally is very high now that we already reached the psychological barrier that end this crypto winter.

Best indicator that Bitcoin is on bull market already is it didn't affected by any bad news regarding global economy which it should give a price impact on normal crypto winter.

You can't simply create your prediction. One must have a concrete analysis whether it is fundamental or technical. Depends on what works for you. on my own analysis at the time being using technicals, price is still at consolidation in which lower price at 23K could get retested or can break above 37K then higher. Two side there is because the price is just trading inside the range. Aside from that there still other factors such as seasonal tendencies, probable epidemics, news, and wars. All constitute not only bitcoin but also other risk assets.

Without thinking about government policy and the implementation of some kind of hatch decision on Bitcoin, I still strongly believe that the price struggle that Bitcoin is facing is temporary, and it is not 100% because of the government being so hard on it; there are also some other issues contributing to it that I actually can't identify. Saying that Bitcoin can't reach $40k on or before the end of the year is just like saying you control the price; no matter how hard Bitcoin tries to fight back positively in price, it might not be able to hit $40k, but to me, I believe those predictions are wrong.

Even if Bitcoin price can't sustain $40k, I still believe it can hit it even if it drops back below it again. Just as what happened on the 26th of April, when Bitcoin moved from 26k and hit 30k within 24 hours, the same thing can still happen, and Bitcoin price can just move from 27k to 30k+, and so on. I don't really see anything that is still holding Bitcoin down from hitting 40,000. Unless there are other things that you use in making your chart prediction that I can't actually grab my hands on,

I don't think it's wise to say that it will go up as soon as possible because that's just going to be false. Or even when it goes down, it could be false. It's like a subjective thing and you need to be able to continuously go with the flow on what's happening and not rely much on predictions because there's no assurance in that setting.

Be careful with your investments. I believe that it will go up but no specific timeline though.

OP don't you think this post would be more appropriate in Speculation board (http://Speculation board).
As you can see the year 2023 is not yet over and moreover we haven't gotten to half part of the year still with seven months remaining before the elapsing of the year. So there's so much time for bitcoin to rise even above the 40k market price you're beaten at.  As for the government, they are only worried about the control they are deprived of by the decentralization of the currency and not that they're unaware of the economic potentials bitcoin can give to their economies.

At the time there was a lot of fear on the market, so it is natural everyone was kind of bearish as at the time the price was close to 16k, it was not until January 9 in which things began to change and the price of bitcoin went up, so do not put too much emphasis on that mistake because it is a mistake everyone would have made at the time, as I was not expecting this fast recovery neither, so as you can see everyone makes mistakes when interpreting the markets, what matters is those mistakes produce small losses while your correct predictions produce on average more money than what you lose.

I don't really care about anyone's prediction, I don't even like seeing people making prediction about bitcoin, when Bitcoin was around $16k, lots of people claimed that bitcoin will dump more to around $10k zone, nobody believe that bitcoin will start pumping from that zone, but bitcoin started pumping till it gets to $30k zone before it dropped to the current price, how sure are you that bitcoin will not pump to $40k this year, you should know that nobody is controlling bitcoin and nobody knows the price that bitcoin will get to. Don't be suprise that bull run might even start this year that you think Bitcoin won't get to $40k, I think you shouldn’t discourage people that are planning to invest.

If you are justifying Bitcoin base on people predictions concerning increment and decrement of Bitcoin precisely, you will be discouraged because it's very obvious that bitcoin have to do with the level or gravity of demands before it will accelerate in price, one thing I understand in the price of bitcoins is that it doesn't have to be stable in price, what it does, is that the demand will determine the skyrocket of the price,  bitcoin is a technology which we know that it might increase now and fall back tommorow, and concentrating on bitcoin price through speculation and prediction from individuals is what makes some people do be discouraged concerning bitcoin investment, so the aspect of bitcoins reaching forty thousand (40k) this year is under probability indecencies that a news can change the bearish market of bitcoins within some days and it turns positive to bullish market, so the features of bitcoin can't not be officially predicted.

I think they do not really care about it as much as people think they do, I feel like that's a normal thing and we should not really have anything and that means governments are not going to end up with anything that bad at all. I believe that we have to focus on the bright side and the good things instead of having this type of results, it just doesn't really matter to me at all.

I believe that governments are fine about it as long as they can tax it, they only care about the money they can steal from the public and that matters a lot more, taxes are a way of doing that and if they can tax it from the situation then they can make as much profit as they can and will allow people to do whatever they can, it's going to be allowed.

They're just predictions and they're not being said as if it is the one that will be followed by Bitcoin. More like it's a guess about the market's movement and with Bitcoin's price. It's truly hard to see someone gives an accurate prediction on this highly volatile market.

Anyone will have our own prediction and definitely the price will be favorable to the likes of us. Like what you've said, not gonna reach $40k and for the others you'll see them predict $40k and even higher. With me, I'm already happy to see it reaching $30k once again and becomes stable there.

I'm not sure who's predictions you have read and where, but if we presume that 4 year cycle is intact, 2023 is 2019 in the previous cycle. As we know, 2019 was mostly flat with a tiny spike in summer and price dropping a bit in Q4. So we can't really expect any parabolic growth or ATH this year. Next year, year of the halving looks much more promising.

Well if we would base it on how the cycle has been in the past then this is the best time to catch up cheap Bitcoin.
But for those who would invest now there is no guarantee that it would still be the same just like how it was in the past, don't be too greedy and invest only what you could afford to lose.

To Frank with you, we don't have believe on prediction because people make a prediction of Bitcoin both this year and last year am not sure some of their predictions was accomplished or comes to reality the way I'm seeing things, so we don't have to believe or trust on prediction of cryptocurrency because I know quite well that prediction of Bitcoin is a personal concern and personal inquiry and research analysis in Bitcoin will make some people to come up with their scenario of final conclusion in Bitcoin price.

It's very funny when someone keeps making arguments about how prices are going, as if they are talking about going both wrong and right. Anyway, all price speculations are just for discussion and long-term or short-term investments are all envisioned and set on each person's goals. That why I always saying that, to predict Bitcoin price is very challenging. If bitcoin can go above $30k it's a possibility of breakingouts to $35k or $40k will be easier this month. But Bitcoin previous ATH happened at 2021.
We are currently in 2023 and still waiting for the new ATH to arrive.

We can't talk about the Bitcoin price if the fundamental understanding is still not good. I don't know you why told your friend even he doesn't know much about fundamentals?, If I were you, I'll be quiet, and won't argue with unnecessary things. it is simply a matter of trust, there won't be any problem if you trust Bitcoin. Let's say you have the correct prediction ( the price does not get to $40k), but, what is the benefit? did you just buy bitcoin this year and have plan to sell it on next year?. If not, I think you're just predicting without enjoying the benefits in what you said to your friends.

the prediction would be still a prediction something the prediction is right and sometimes it goes wrong. and based on your question are gonna see 40.000 this year the answer is all speculation it could be yes and it could be no.

By looking my chart the 40K is near but there is major resistance to hold that level I can't say can we go 40K unless the major resistance at 30-35K is broken. But one thing is sure that Today price is still above 200 EMA daily candle and the other indicator says is oversold

OP you said nobody's bitcoin price prediction has been accurate this year but you are predicting that the price will not get to $40k this year. I think you are contradicting yourself. I have stooped discussing Bitcoin with most people in my area because we have so many critics and skeptics. For me, the price of Bitcoin is unpredictable because the global economy is ever-dynamic. Nobody expected the war in Ukraine and the collapse of many exchanges last year. These two events affect the price of Bitcoin last year. This year I didn't expect that some major banks in the world will go bankrupt.

Nobody predicted the rise in the transaction fees of Bitcoin. We don't know the next economic event so we are just hopeful. Investing in Bitcoin is having confidence that it will overcome all economic problems that it will encounter.

Predictions are of course a difficult thing, as investors we must have a profit target, if we invest in bitcoin then hold for at least a year then the opportunity for 100% profit can occur, don't panic easily because our predictions are wrong, as long as we can be patient then we can be successful and profitable in cryptocurrencies.

Some facts that you should take into consideration before you make a price prediction:

No one can give you a good forecast for Bitcoin in the long term (more than 6 months).
All we can predict is based on the analysis of previous data, and it will be wrong due to the current economic changes.


Therefore, he understood it, the person was a professional in trading, so all he will tell you is the possibility that prices will reach that level with a low level of certainty, and given that the price will face a strong resistance barrier at 30k, and we may not witness more interest rate hikes. The level of 40k is possible, but the price will not continue above That level long.

I enjoy reading threads like this. Whenever I meet a couch analyst like this, I ask myself what prompted the OP to create a thread like this.
OP, do you want to face us as a guru who has a crystal ball and predicts the future of Bitcoin?
You have chosen the wrong path, my friend.
As I have said in other threads before, it is better to talk about topics in which you are an expert and not exaggerate your merits. Whatever happens with Bitcoin, there will always be an "analyst" who will say that I knew about it and spoke about it.
In the meantime, you are the most common copyist, who, I hope, will leave the forum soon.
https://bitcointalk.org/index.php?topic=1926895.msg62256058#msg62256058

100% profit on investment is also as difficult as making accurate prediction. The best is to invest wisely and set an unrealistic target so that it doesn't dash your hope for profit taking. If greed is taking care of in the instance of investment then profit margin will be reached on time but many investors keep readjusting their target when they were supposed to go off.

Sometimes prediction become true and sometimes it does not work well so as you predict the price so its may be due to luck because in crypto market everything can happen and can change in a matter of seconds.

Everyone can predict the certain price but who knows that will this be accurate in future or not? 40k is not much greater value so BTC can easily achieve it but the exact timing is unknown, i think BTC will rise to 40k$ this year because now there are so many months remaining and all the possibilities can happen.

You stated that no one's predictions for bitcoin this season has work. So why make the forecast that bitcoin won't reach $40k when you already know that no one could have predicted the price of bitcoin and it worked?

Nobody can predict whether or not Bitcoin will reach $40k before the end of the year; So what investors are doing at the moment is to invest in bitcoin when it is low and hold onto it for the bull run. The majority of crypto investors are not, therefore, focused on the $40k bitcoin this year. By next year and upper year, they expect the price of bitcoin will increase than $40k

You’re talking about the price in January and since then the price pump and if your friend didn’t listen to you, I’m sure he makes a lot of money already. The market is unpredictable, same as Bitcoin you can’t expect an accurate prediction from anyone. I’m still bullish anyway with Bitcoin, this current correction are only temporary, I expect in the last quarter of 2023, the price of Bitcoin will pump again, doing DCA right now is a good strategy.

Really, no expert gets his prediction right in making a prediction about the price of Bitcoin.
Investing is different from trading. Many discussions lead to trading and not investment, so it's natural that many panic and end up disappointed with prices.
Choosing an investment means keeping assets for a long period of time.

If Bitcoin is used as an investment then investors don't really care about the current price because they have a target.
That's where it's better to make Bitcoin a long-term investment than choosing another coin that is full of uncertainty.
So, be careful.

There is still plenty of time until the year ends, and I believe your prediction will be added to the list of incorrect predictions. Everyone will have different expectations of the market, but getting it correctly is not certain. We may provide a pricing range but not a precise price to be predicted correctly.

Government policies always have an impact on bitcoin, but this does not prevent its price from rising when it is set to. Good forecast you just made assuming the policy remains in effect till the end of the year, but if any of the regulations change to favor bitcoin, we'll surely see a boom in its price and it will this time exceed $40K as you predicted it won’t exceed.

It's a prediction, don't get serious about it. It's not like we really know where Bitcoin will go, its nature is being volatile so no one can really get the right price, or they may be some who did, but they didn't like sharing it.
As of now, let's just be happy that it's not getting as low as what happened on March of this year. It may not be able to hit $40k but at this bottom price, it is still a joy for those who are expecting a higher price and want to get the ROI as soon as they can. It's not that far and one good boost could probably hit a new bottom in the market.

After the $59k-$60k hike yesterday and the price not wanting to increase again, I just thought that this is the time for a correction to come in the Bitcoin market and I should be prepared to buy low. And after entering the new year, the price has dropped again, making me curious to what extent the price will bounce back.

And the price dropped to $ 17k yesterday and just started to bounce. After that, I see the highest price Bitcoin can reach is around $30k-$32k (if I'm not mistaken). Then the price dropped again and is still at $27k.

And that makes me think it will probably be hard to touch $40k for a while, even if it's still possible in the next few months. And if the Bitcoin price can return to above $ 30k by the end of this month or next month, there is a possibility that the Bitcoin price could be closer to $ 40k. But it may still be hard to touch $40k. And we can only patiently wait for it.

Yeh, Wrong prediction is not something too serious, we need to plan for possible situations in the prediction. we had an impressive Q1 and that will probably be the same in Q2.  In May not have much support, good news for bitcoin but I think the trend is being decided, my expectations will be is June, bitcoin can break $35-40k

For this type of market which is truly that speculative and something that cant be predicted then you would usually hear up these words;

1. $1M per coin for this year 2023 specially on that 90-day bet made
2. $80-100k this year
3. $10-12k this year

We would really be hearing out different words considering that this market is really composed of those bulls and bears whether you are a whale or average joe then those speculative
approach is something that very normal. There's no such thing about prediction to be 100% and it was called speculative market just because there's no way on knowing
on what would be its next movement and this what makes things even more harder to be dealing off with. This is why its always been that recommended and been reminded that
on the time that you do step your foot into this crypto space then you should really be prepared on dealing up with volatile and unpredictable prices.

Still too hard to say but today was negative with BTC unable to beat 12 hour average pricing even, it looks weak.  However thats short term and since YTD your friend would be most correct to state BTC has and remain positive, this is not lost or even obscured.     All thats happened so far is the froth blew off which could even be said to be a good thing for visibility and stability longer term.
  In summary we remain sideways, today negative but not enough of a consistent direction in either direction for 2 months now just keeps resolving to a similar price as its been before.

Although no one has a crystal ball to predict the future or make solid predictions. But honestly, once you've invested, discussing future prices is inevitable, even though it may be pointless. I also usually don't like to make predictions about bitcoin prices because I'm sure that will never happen because the market doesn't move the way we think. But when I listen to people discuss, I can't just stand by and watch, but will make predictions from my point of view. For me, always being prepared for different situations, no matter how volatile the market is, there is nothing to panic about.

Why to make wild guesses? Do the proper research and find out yourself where will Bitcoin stand this year. If you see the previous graphs, then Bitcoins always touched the ATH price in every 4 years. And this year it is the 4th year to be honest. So yes high expectations are there that Bitcoins will surprise us with the price. These small price drops are just price corrections and we often seen these type of price corrections before big pump. So I would say don’t lose hope, let’s see where Bitcoins lands in August. Till that accumulate as many Bitcoins as you can.

Somehow we are likely to see this front and back in the price of bitcoin but the price of $35-40k during the month of June maybe too soon to approach , June is just few weeks ahead and nothing highly spectacular is happening for now around btc so looking at 50/60 % increase till next month is actually high especially now that btc is not in a bull round but in correction and stability stage

Yes, it's really different to predict the price of BTC, although there is TA that can help us. As far as the policies of government towards it, maybe it will have an impact but not in the long run. BTC can and will survived despite government's hard line stance not just BTC but the whole crypto market itself.

I do like your conservative prediction of $40,000, at least that's also what my take regarding the price.

The good thing is that we are still like more than 6 months away, so many things can happen and hopefully we can overcome all the negativity and then go to $40,000 or even higher at the end of the year.

That's just how this technology or industry works. The market prices are full of uncertainties. Indeed there's technical analysis, DCA, and price actions but the market value of cryptos simply move dependent with the demand which is a variable being affected by many factors. This is also the reason why speculation of market prices will never be 100% accurate; there will be lapses 'coz there's no such thing as absolute prediction in this industry. The reason why pprices re falling at this point? We may cll it part of price correction but we may also see it as nature of price volatility. Thing here is that, we won't be able to be certain of how will the market price move on the next day or cycle.

I don't understand why people think price can't rise at the moment. I think a further pull-back to support around $25K is increasingly likely with $27K struggling to hold as support after 2 months, but I wouldn't rule out price continuing to rise right now. If price turns the 200 Week MA into new support (around $26.1K) - that is currently happening I should add - it remains more than possible re-testing $30K and moving higher.

Although there is definitively some bearish signs on the chart, this doesn't mean price can't move higher right now, it just means it's less likely as these bearish signals would first need to be invalidated, which a move back to $30K would certainly achieve. Ultimately price remains in a range between $27K and $31K, despite the bearish structure, so until either support or resistance breaks it could still go either way.

Be sure, the number of correct predictions that have come true is quite high. But there are too many guesses and no one should be guided by forecasters. Everyone should have their own plan. It's not wise to invest in other people's predictions. I never make guesses. We'll see what happens this year.

Talking about predictions, indeed we also know that the probability is fifty fifty because things like this are only speculative with the views and research that has been done.
It doesn't matter to speculate about increases or decreases, if the results don't go according to our wishes and opinions, we really need to look further, I think, because it's something like that that everyone has experienced.
As long as you really believe in that and as long as you continue to learn from the mistakes made then that is a good thing because we have our own process as well as in bitcoin because of course nothing is instant if you really want good results.

Almost zero price action today appeared to happen, this is impressively unimpressive in seemingly nothing occuring :D   I have to say BTC seems to be cast adrift as if its lost its sails for weeks on end sometimes and Im not sure why.  Do the powers behind bid and offer somehow counter balance each other near perfectly.
  I think its most perfectly outlined by a lack of volume perhaps or a large drop comparatively from now to Mid March is when I last see larger amounts of volume.  If we have more action then presumably more imbalance occurs and so more price action and movement across resistance levels more probable.

We are still pretty far away from the third quarter of this year and anything could happen by then. Seeing the current price range, it seems like it is more in favor of getting into a downtrend movement pretty soon since it is showing no signs of going up at this point. If it manages to hit $30k again, it might soar up from there but if it goes around $25k, we will see it going down further.

Overall, if by the end of the year, the price of Bitcoin reaches $40k, that isn't too bad since it would be about a 26-27% growth from this point which is not really bad in my opinion, but as everyone said, these are all predictions and no one knows what will happen.

If I were you, I would not think about the words of those who reject my predictions because we in crypto can give predictions and it's up to them to accept or reject it.
Just let them reject it because maybe they have their own predictions and it's normal for people to act like that.
I don't analyze bitcoin price movements very often and when I see that the price can't increase for a while, I will leave the market for a while and wait for the market to become active again.
To predict prices every year will not be easy because we don't know how the bitcoin price moves every month because it hasn't happened yet and if you rely on the history of price movements, I don't think it can be used as a basis for predictions because it still requires other things.

Bitcoin has risen this year more than expected. When the year started I thought Bitcoin will keep on falling as it did last years. I saw predictions of Bitcoin falling to $11,000 which I didn't believe but I knew it was possible if the market doesn't get an good new soon.

Judging from how low bitcoin has fallen in the year to the high of $30,000 and above, we can't say the year has been bad. So many things has happened yet Bitcoin hasn't crashed and the high cost of transaction hasn't made people lose interest in using Bitcoin.

$40,000 isn't a target Bitcoin can't achieve, it can increase more than that but first we have to retest $30,000 before the price can go higher, we still have along time before the years ends so for now lets keep watching the market.

If technical analysis can help us predict the price of bitcoin, then why do we constantly fail to predict the movements of bitcoin? Even the bitcoin bull run earlier this year was almost unpredictable, I daresay no one could have predicted it.


As for the government's impact, I think depending on their policy, if it's too harsh, it will have a negative impact on the market. Do not underestimate the government because we still live under their control.


I don't fully believe in technical analysis, but based on what has happened historically, I also believe bitcoin could hit $40k or more before continuing to correct again.

But actually technical analysis will also really support your investment plan – historically you also need to look at the charts, meaning you still need to pay attention to the technicals as well.

The fundamentals and technicalities are needed so that investors can have a belief about the potential price that bitcoin can achieve in two different cycles. Less than 1 year from now, the halving will happen - it will definitely make bitcoin gain a positive impact especially regarding the price.

One of the important things is indeed technical analysis. After all, everything will be based on past chart history and we can make predictions with technical analysis. Although in some market conditions technical analysis does not work, but in many conditions technical analysis will always be needed.
An important requirement is to know how to make predictions with technicals, so you will know how the next market movement.
This has become a basic trading that must be known.

and Fundamentals are complementary or will always be the same as technicals.
When Bitcoin's potential will be reached in the next Halving cycle, this will give Bitcoin good potential.
Fundamentals include a lot of news about Bitcoin good or bad so this will affect the state of the market.

Fundamental and technical analysis will tell how the market is really doing. and the impact of Halving that will occur this time will certainly be very influential for the crypto market, we only need to wait another 1 year to be able to see Bitcoin's increase during Halving and hopefully it will be an increase that brings Bitcoin to a new ATH.

If it was easy predicting bitcoins price then everybody would be doing it. Look how many people in late 2021 were thinking we would go to $100K or something crazy like $1M.

Then in 2022 as we kept pulling back all the financial influencers were saying to buy at $50K then $40K then $30K and then $20K and finally told to short at $15K.

Hence why you shouldn’t listen to these people.

I'd see the reason why your friend argued with you because you both have different and opposite opinions about Bitcoin. And he is convinced that Bitcoin will rise and go over $40k which you are also pushing your argument that it won't. Even, I have no point also to agree with you because the market will either pump or dump, and most of all, nobody can tell what will happen. But based on your statement, you are really sure that it was impossible which is likely possible. In fact, you believe that the price will pump and it can be possible this year as well.

Do not misunderstand me. I want to say that I don't fully believe in technical analysis, it's not that I never believe in it. An investor making market predictions requires a combination of factors, and technical or fundamental analysis is a part of that. But we shouldn't be overly trusting or completely dependent on TA, especially in a market as susceptible to manipulation as crypto. The market has not only us retail investors but also sharks, whales, and market makers… and if we can analyze the market, they will too. If everyone relies on TA to predict, meaning everyone knows what will happen in the future, who will be the loser in this game? That's why I'm not very interested in technical analysis.

In conclusion, I believe that technical and fundamental analysis is needed in making price predictions.
You have explained it well and I shouldn't doubt it even though prices can never be predicted with certainty. And you should know that I am an adopter of both analyzes as far as my investment plan is in bitcoin.

Then from that, we all seem optimistic about the increase potential after the halving. Bitcoin should be able to hit new ATHs in 12 - 18 months after the halving, but I'm not very ATH oriented especially about how I profit.

Oh no mate, calm down - I'm just explaining my part.  :D

It sounds pretty good when you adopt both analyses. You must have understood the advantages and disadvantages of both.
But what is also decisive is how the psychology of each person in trading, this is also very important.
No matter how good the analysis is if their psychology is not okay, it will risk the final result of the trade.

The increase after halving is the desire of all traders and it will be a moment where everyone's profits will multiply for those who still survive.
Reaching the new ATH or not at the next Halving does not matter.
We just need to buy now and hold it, even if it hits the last Halving at around $60k it is already amazing.

I also made a wrong prediction, when January could increase by more than 40%, I was optimistic that April would repeat the positive trend that occurred in 2021, unfortunately the price continued to decline and it seems difficult to return to $ 30k until now, but let's not panic and sell at the current price, hold on for at least another year so we can make a profit.

No one can predict the exact price of bitcoin all are just a prediction ot means no sure or there are still chances of changes even if we will see a big price hike we cannot say that the bull is coming it can still possibly going down because of some reason so it is unpredictable and don't easily believe on those prediction they are only like us who predict and sometimes their prediction is wrong.

Doesn't technical analysis also involve reading charts which is exactly what is done if one is looking at the historical records? They are basically connected with each other, and if historical charts indicate that the price will go up from here and touch $40k before it starts correcting itself again, I'm sure a technical analyzer would say the same thing.

However, I don't agree with that. If the price goes that high from here, it is not going to get any correction from there, even if it does, it wouldn't be higher than a $2k or hardly $3k drop from that point since the market will enter the bull run if that happens.

Well, that's just how most of the people are. Choosing to only believe what they want to believe. Emotional biases are really dangerous when investing. Even with the basic knowledge about trading and investing, if a person is not well in control of their emotions, they are bound to make wrong decisions one way or another. Well, there's just nothing you can do about your friends right now since only experiencing some losses would make them learn better about self-control or the need for knowledge (in case they still don't know at least the basic about trading and investing in this industry yet) to make profits rather than losses on any market condition.

Wrong prediction is not the end of everything, maybe we made the wrong prediction because after we bought the price dropped, but we don't make the second mistake, namely selling at a cheap price because it will make us lose money, it's better to be patient and do other activities such as looking for alternative businesses while waiting bitcoin price improving.

Just like you, I am also quite pessimistic that the price of Bitcoin will increase significantly this year. There are several factors that in my opinion will hold Bitcoin back, firstly the economic conditions that are still unstable, investor confidence in the crypto market, and the halving that hasn't happened yet. I think the highest Bitcoin will reach $ 35K USD this year with a support point at $ 26K USD. We are still in a sideway period and this will continue for the next few months.

Speaking about percentage drops then it wont really be that something to be fix which means it would really be totally random but basing up on what we are seeing on day to day basis then 1 digit % drops or increase

is really just something that be called as a normal day here on crypto space. Predictions could neither be right or wrong basing up on the outcome or on what the market would really be showing or where it would be heading. We know that we could really be having that different approach when it comes to analysis whether we would be sticking on technical stuffs or we would really be going on the fundamental side.
Predictions arent called predictions if it was 100% sure and this is why it would be not shocking if ever it would fail.

Thing here is that you should really always have that back up plan because things turns out to be unpredictable along the way, so it is really just that right on having this kind of approach.

Expectations of bitcoin's price increase this year are making it as difficult for bitcoin as it is for us.  if we still believe in history, believe in 4-year cycles, then this year is too early to think of a bull season.  second, as you also mentioned: the market is also a part of the world economy, and it depends on the movement of the economy, so bitcoin will never have a movement against the economy. I think 35k-40k is a good price at the end of the year to prepare for the halving.

basically no one can predict the price of bitcoin with certainty because market conditions change frequently and anything can happen suddenly. even if there is, maybe that person is a big investor who can control market movements or maybe it's just luck. I think $40k can easily be achieved by bitcoin bitcoin because bitcoin only needs about +$13k of its current price, whereas this year it hasn't even reached half yet.

Another day and its still not falling, it has fallen back but BTC and every price chart when look at will occasionally do that.  We get positive action, there is some sell and it pulls back and so it continues quite normally in this way; its not yet significant.  We're looking for something new and its yet to occur, all these prices since March 19th its still just moved about a bit up and down and back again but nothing new.
    Holding this higher area of BTC price compared to the first prices of the year has still put us in a positive area, it cant be viewed as acting negatively while doing nothing much at all.  Maybe next week or tomorrow we do move down but I dont like to jump the gun and presume the worst when theres no particular advantage in doing so.

It's normally fluctuated in a different way, it's either in a bullish trend or in a bearish one which everyone didn't like it.
Yeah, it's unpredictable and no one will know where the Bitcoin price is headed at.  Because IMO, the price was influenced by a wide range of factors including market demand, investor sentiment, regulatory developments, technological advancements, macroeconomic conditions, and geopolitical events.  So there's no way to predict it.

That's why I prefer to hold for a long period of time, just like waiting for a new ATH right after the next halving which I think if you want to accumulate, start it right no before it's too late.

At the start of 2023, bitcoin was recovering from a hard fall that had a general atmosphere which was a bearish market, but after the dust settled and fear mongering was at its lowest crypto believers and enthusiasts jumped on board to start buying the discounted coins and price has been fighting its way back to the top and considering we are approaching  mid year...I think bitcoin has performed  very well despite mixed reactions of regulations here and there and from this its safe to say we are on the right track  to hit 40k as this can happen all in one jump as price is close to this.

We have a long way to go before  this year is done, and I think we have one or two news events that can trigger the bull run as markets seem to be in limp mode at the moment  and we should land the 40k to 50k.

I think that is the most dangerous thing in crypto investment ever. We should not be considering what we are doing as the right thing, or just because we believe in something doesn't mean that we are right and we could turn out to be wrong. So, we should be preparing to be wrong at all times, not enough people do that and that's a huge risk. I know that it is not going to change much, but we should be focusing on what would happen if the price doesn't go to where we expect it to go.

If you are ready for that, then it will not be able to hurt your finances because you will be ready about it as well. Crypto is volatile, it may go up, it may go down, both of them are equally possible and you should be ready for both of them equally as well.

Sometimes, I also follow BTC news either in forums or when light talk with my seniors at work. He suggested saving first if you have more funds, if you want to invest, indeed BTC now has the upper hand if I'm not mistaken the price was still $ 65,000 at that time but not long after 2 months what he predicted BTC continued to drop drastically and has been proven until now. but he also gave an illustration that after this decline, it is possible that BTC will reach a new ATH again and that the frequently discussed target of $100K may be touched, provided that it takes a long time to get there.

Predicting the future price of Bitcoin or any cryptocurrency is inherently uncertain and influenced by various factors, including market dynamics, adoption, regulatory developments, and investor sentiment. While it's understandable to consider historical patterns and trends as potential indicators, it's important to approach price predictions with caution and recognize the inherent volatility and unpredictability of the cryptocurrency market.

Prediction is of course a difficult thing, and in my opinion the best and most important thing for us to do right now is to keep buying so that when a bull run occurs we can sell and profit, the bitcoin trend will continue to improve because reports in many global communities continue to increase, for example top exchange Binance which is actively expanding in many countries and reports that users in these countries are increasing dramatically.

But the best part is that we do not really need to predict the price of bitcoin to perfection, as long as you can know with some accuracy the trend the market can take that is more than enough to make money, now I will not deny that even doing something like this can be incredibly challenging, but it is easier and it can be done by a trader with enough experience, a good trading strategy and decent emotional control, attributes anyone can learn with enough time and effort.

The increase in Bitcoin users who are increasing day by day can indeed be a good effect for Bitcoin. Especially in terms of price, because while there has been an increase in monthly purchases in the market for Bitcoin, I think a price increase will also be seen although not drastically. The only thing that needs to be ascertained is the report from many of these communities, is it true that Bitcoin users from every country have increased, while the price increase still looks very heavy on Bitcoin now.

yes that's right, reading market trends is a bit easier than having to predict bitcoin prices accurately. when I want to get daily income I often do this (day trader by reading market trend), but not infrequently I get caught in a bull trap or bear trap because I buy too fast and buy too late. so in my opinion the easiest and also has no risk is to buy and hold in the long term until you reach a new ATH.

day trading requires high skills to read market movements or it is called technical analysis,
and most day trading is done in futures trading and of course the risks are very large,
I have tried day trading in futures and the results were really disappointing,
but hold on the spot market is the way which is true than day trading.

The increase in users will certainly have a positive effect on the bitcoin price, but that does not mean that the bitcoin price will increase immediately and as quickly as we expect. Just because the price of bitcoin hasn't gone up doesn't mean users haven't. The crypto market is still very small, so they are inevitably manipulated, making prices so we should not be surprised when prices do not increase while users increase. The market is a battlefield, we need to be patient and patient if we want to win in this market.

When we know that the price will go up but not this year, then the good step to take is to buy and hold until the price actually goes up from the price that is considered cheap.

I don't call it predicting, but analyzing. Investors who invest in Bitcoin who implement a Dollar Cost Averaging strategy will analyze prices every year to be able to compile their annual portfolio.
By analyzing prices, it will help to get assets in large quantities that are purchased when prices are low and will smile when prices are going up.

Not because this is what you believe means they need to follow you and who are you to tell them this and that?
do you really think that you can predict what will happen to bitcoin ? when you cannot even speak English fluently and has no understanding of the market?

they will argue because come on , you are predicting likea  pro but did not give attention that it is their money to be risking ?
What? YOU KNEW? how come? why? where? when? lol you are not capable of telling that mate , trust me.
40k is not that High to expect , and don't you understand that we not even crossing half of the year?

there are lots of things to come and trust me , you might be disappointed .

So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

That's normal, bitcoin is a volatile currency and it will do whatever market tells it to do, if we sell it goes down and if we buy it goes up, it's as simple as it gets. However, we do not know if the community will buy or sell, we think they will sell and then they end up buying for some reason, we say they will buy and they sell for some reason. It's not easy to predict what a general population will do, it's very tough situation and definitely not something I would expect to be easy at all.

Too many people are seeing this situation as their chance to shine by making predictions and if they are the one who will be right a few times in a row then they could gain some influence, but nobody stays for too long, they all end up wrong eventually.

I wouldn't mind that even if you're right. Predictions don't have to be correct and they don't have to be, but either way some forecasters will do their best to determine the correct time before they make their entry. So far the predictions generated from the analysis seem more useful than just making predictions by picking random numbers, especially for long term investments, the analysis is definitely useful.

In the last 24 hours the price of bitcoin is also still struggling to hold on to $28k after holding for a few hours. I'm not sure what the reason is other than that the selling pressure is still high, even bitcoin looks too easy to lose $1k in a few hours. I hope the price to hold above $28k and also break through $30k towards the end of May, so it should be an interesting pattern for 1 month TF.

Well, we're in a bear market and it will linger for months or even years before we get out of the accumulation phase. When Bitcoin struggling to reach new highs that is the time you should stack up more until we get in the bull run again. $40k is very unlikely for me too and I think we could see $30k-$20k area here to always play.

I couldn't expect as well to see the price of Bitcoin soaring high this year. It might be possible to reach $40k in the last quarter as the accumulation will be high due to that anticipation of halving but not to the extent that it turns bullish. I was already happy to see that situation where we can see it recover back and head away from $20k, it means that we really have the chance to see the market making another price record during the bull season.

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And talking about predictions, that is literally not all went right, usually it is wrong - we have to think about the unpredictable market.

$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.

Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.

prediction will be worthwhile if we will invest at the same time. if we do believe that sooner or later, the price will come up, why not stash some satoshis using spare money? so when such bullish time comes, you won't regret that you did nothing during those days where the price was down.
that's when people are having different approach on this market. anyone can speculate but not everyone are acting on their speculations. most of the time, all talks without action.

The prediction we will keep falling has fallen surely, its not that kind of action.  No clear trend in either direction, more of a boundary (https://talkimg.com/images/2023/06/12/ANVRq.png) enclosed price action movement.  Again today between two prior lines of support we are trading.  This is bullish action now near term despite not appearing much, the low just seen remains above the prior highs of the last fortnight.  I think if main markets trade positively today it could be some measure to see if BTC can successfully challenge 28.5k

Risk is part of crypto investing , maybe on that instance you are correct but market is changing day by day same as the momentum , you can find it lowering till now but there is unexpected moment in this kind of volatile market.
if you are going to buy today then it is an advantage in the coming months because Halving as been seeing to take place anytime 3rd quarter of 2024.
with all those speculation who tells the truth or correct?
sorry but none of us right?
so buy now and reserve later.
let your friends have their moment because it is their money afterall right?

Let them come to their senses mate and acknowledge your concern , sometimes for people to believe there is a need to commit mistakes and now that they find you correct.
sooner things will change and they will listen to you in the future , just hope that they never lose too big for them to quit crypto investing and blame the market for their foolishness .

Of course we buy when we find the lowest point in our prediction because we are using the DCA strategy and it is profitable for us when the price goes down and simultaneously we can buy the dips that happen. Well, in theory this can be done by every trader and they only need reserve assets in stable coins that they have to guard against when the price falls but that's not the case where when the price drops they are afraid to enter and that's a wasted opportunity. I support what you said where one of the factors is that talking without action is stale and there should be more mature preparation in dealing with the current market situation.

The thing on here or the issue is that on the time that they would really be continuing to buy on the dip and if its already done on several times then this is where emotion would kicked in on which they would

really be having those thoughts that what if the price would go down even more? What if it is dying? What if it wont be recovering anymore? . For sure these are the type of questions would be popping out
on your mind on the time that you would be seeing the price do continue to go down. Price is something that couldnt really be predicted on where it would be going. You cant really tell on whats the bottom
and this is why you would be having that kind of hope and kind of perception that it would really be making out that kind of recovery but if you do really believe on such investment then
you wouldnt really be boggling up your mind on doing so since you are really  that having the confidence but if its not 100% then you would really be having those doubts.

Many have made many predictions about the Bitcoin market. However, my prediction is that in 2023 Bitcoin could reach a maximum of $35,000 to $40,000. But I can't predict higher prices in 2023. But the Bitcoin market will grow, maybe in 2024. By the time we halve in 2024, Bitcoin will probably be between $70,000 and $100,000. Here if we say that Bitcoin market will go from $70,000 to $100,000 in 2023 then it might be too much to expect.

There is the possibility that this your prediction will still be among the wrong Bitcoin price predictions, this is because, Bitcoin still have the possibility of rising above the price you speculated because a 40k Bitcoin price is not unrealistic, and you should take that into account before you boast to your friends that your prediction has worked and the bitcoin price has remained below your speculated price, not forgetting that we still have almost six months to go in this year.

The prediction that the price will continue to rise was not proven, now the price is around $ 27k, maybe this is a sign that we should buy more so that we can get big profits when the market rises, and I think the best thing besides buying a lot is to hold long term or at least close when halving in March 2024.

experts will not be able to accurately predict bitcoin prices because experts only make predictions based on analysis while crypto market conditions can change very quickly. but to make a profit we don't have to predict bitcoin prices accurately because by predicting or reading bitcoin price trends we can make a profit.

Lol that is why it is called prediction because we cannot tell what will come , and also those predictions are tend to divert others from putting into right perspective and that is how the market goes.
to become more healthy , someone needs to lose while others will earn.
that is investment is all about.

He has no problem with the risks. He is even confident that Bitcoin will not rise this year but I don't think he is correct with that prediction. We already saw some great pumps in the beginning of the year. The dumps that we experience lately is only small and nothing compared to what we gained last time. Cryptocurrencies are known to be volatile but there are times where they can became stable like what we are experiencing lately.

We are stuck in $27k for a long time now. Buying now is okay but this isn't only the time that can gave you an advantage in case the price pumps again. Buying last time or buying later on will still qualify you for it.

Bitcoin price isn't what you could predict and it goes directly to how you predicted it, most times you may see it at some level were you may feel isn't pleasing yet still changes direction to positive sign. But for me I don't put hope on the price because I know that surely the price will still make another ATH, as an investor you weren't meant to panic rather work towards your period which you think is better for you to hold before selling.

Let's not get this wrong, there's no wrong or right prediction anywhere, we are all trying to just work close to been accurate with the level of our research and the use of the market indicators to predict on what is ahead the future or the possible outcome we might experience with the market after we have speculated from time to time, also if we consider that bitcoin is a volatile cryptocurrency and cannot remain on a spot for too long which means it's either it rises or falls.

We are still in the beginning of the 6th month of the year, $27k is not the best price at the moment but it is very good to collect Bitcoin at that price. There are still 6 months to go for Bitcoin to cross $30k and close the year at $40k. This sounds a little ridiculous because the price of Bitcoin could be even lower if the demand is less than the supply, but the four-year cycle needs to be prepared to earn multiple times the profit. Even though the price won't make you smile but it won't make you cry.

I do agree that it is something we should be looking at, I mean it is a great price to buy right now if you think that it will go up and I think it will go up. We are getting closer and closer each day to the halving, which means that it is going to be quite tough to change that, you need to just accept that it is going to happen and when it does the price will be higher than this, I am not even talking about afterwards, because afterwards it will go berzerk eventually but I am talking about when it happens, that means we will be higher than right now until the halving.

This is why it makes sense to buy some right now, so you could profit even before it happens, and a lot more profit after it happens as well, it definitely makes a lot of sense.

No one can ever tell when the price of bitcoin will increase and when the price of bitcoin will go to dumping. So I think before investing in bitcoin we need to think a lot before investing. We should invest when the price of bitcoin is dumping.  But if the investment is at the right time, then the investor can make a profit and if the investment is not made at the right time, then he will not be able to make a profit.

Still a long way though up to the halving event, at least more or less a year from now.

But if we are thinking about this event as the catalyst for the bull run because that's what history tells us, then we should start accumulating way before, but it's not too late if we can start now.

We don't want to be in the situation that we might regret our decisions not to accumulate because we think that the price will continue to go down and that we want a lower price. The lowest price for his year has been seen already at $15,500. That is the best time to pour our money and invest. But we can still do it today, with strategy like DCA and like buying in each every way we can.

Wrong predictions are things that make us disappointed, just like the end of 2021 when the price reached ATH I also bought when the price was around $ 58k, I predict that the price will continue to rise because there is a lot of positive news support on the internet such as the legalization of bitcoin in many countries so that it can reach $ 100k, unfortunately the prediction is wrong and I have to lose.

This is a common mistake of a newbie. You are looking at a shorter time frame that's why you have the courage to buy even when the current price is sitting on a huge green candle on a weekly or monthly time frame. There's no such thing as a continuous green candle in a longer time frame because there's always a seller that purchased on the bottom to take a profit. In the long run, Bitcoin will still recover the ATH but considering how the price history works. It will take another crypto cycle for that to happen.

Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

Prediction not only this season but is always difficult to do because price suddenly changes from up to lower and from lower to higher.

Most of the people Said hat price will go more up in coming days from 30k$ to 35k$ or 40k$ but unfortunately it become down to 29k$.

Although there is no guarantee yet that it will go more up or will reduces more may be again it touches the value above 30k$.

I think bitcoin will surely reach to 35k$ but as there are still five months remaining so everything can happen during these months which no one can predict easily.

I will say that it depends on how we start with our own way of study and speculations made on the bitcoin market, we understand that not everyone has the very potential needed to observe and figure out important features on their chart after long time speculation, for now we will always have the both sides which is to rise and fall of the bitcoin market more often and we may not settle for a particular rise or fall for too long, though i. A couple of days now, there have been signals indicating the market will fall but not going to last ling which was when we had the experience of $29,000 resistance more frequent than we had with $30,000 in this fee days, but nevertheless, we are moving gradually on both the dip and bull till we have a sustained pump to last more longer.

That's because many people don't realize that bitcoin's price reacts to global economy. If the FED keeps increasing interest rates sooner or later stock traders will have to sell their assets and that includes bitcoin. That's what's been happening since 2022 and bitcoin managed to get back up after some bullish news, but the US government is obviously trying to counteract.
There's nothing wrong with bitcoin, so I'd treat any small dip as opportunity at this point.

You cant blame out people on having that kind of impression because wayback into those early days or years on which this crypto market isnt really that going in line or correlating with those traditional economic situations or

news on which they wont really that care at all because assuming that crypto market wont really be making out that reaction then its normal that there would be situations that would be missed out.
We know that it could really make things to stir out on making yourself on making decisions whether you would be buying or selling. Market is always been that unpredictable and there's no way on knowing
whether these fundamentals or news would affect out market condition or not.

This is why it would really be making out situation even more mind boggling and would really be stirring up your decisions specially if you have done some early analysis and preparations but
due to sudden changes then for sure you would really be having these thoughts.

In a sense, yeah, not just bitcoin but even stock market reacts to global economy. So if there is some sort of negative news, the price will react negatively, same as when their is some good news, the price is bound to pick up and least increased.

And I think since I joined the bitcoin market, or in the last 5-6 years, that's how the market reacts. Maybe right now it's just very evident as everyone is waiting for a news coming from FEDS and then hoping that it will be positive because for sure speculators are going to take advantage of it by selling early.

Last year the market reacted strongly to the Fed news, but this year things have been more stable, and I no longer see the news about interest rates affecting the market much. The most recent rate hike also didn't make bitcoin too volatile, we are waiting for other news, not what from the Fed. The cryptocurrency market is always like that, no one will be able to predict anything, other than waiting and preparing a plan for each case.

The usual thing is of course if the prediction is wrong, and in my opinion as long as we can be patient then everything will end with a smile, soon Halving Day will occur, even though the market looks difficult to pass $ 30k but I am optimistic that New Ath will occur before Halving Day, focus by continuing to buy.

If there are people who can tell when the price of bitcoin will go up, of course they will buy it when the price is low to get profits when the price is high, but in investing, of course, everyone has experienced gains and losses. Before making an investment, we must do an analysis first and must be prepared for losses if we are wrong in analyzing.

That means you did not study the chart well in bitcoin because if assume you study the chart of bitcoin you would have known the best price, since last year November and December is when bitcoin started increasing so I believe that bitcoin price will continue to have a little increase instead of falling drastically, like last month the price of bitcoin increased to the extent of reaching 31k so this year theirs a good hope that bitcoin price is going up.

I strongly agree with you. Many people who are fidgeting are those who think Bitcoin price will just continue flying without building up orders. As a norm, everyone will not keeping their holding before the anticipated bull run; some must panic and sell and regret afterward. The only way the market ensures this happens is the extended consolidation with sudden short-term drops that is happening.

Those who are conversant with the vibration of the market will use this opportunity to buy instead of sell. In less that 12 months, Bitcoin halving will happen, PayPal just launched their stablecoin, Binance is launching Bitcoin mining infrastructure, Bitcoin ETFs are around the corner... many great news ahead.

In my opinion, every believer of Bitcoin should consider taking a comfortable position in preparation for the years ahead.

The people who sell and regret later do not have to, I just wish that I could reach out to them. I understand if something big happened in your life and that is why you can't end up having something like that, but that doesn't mean that we do not have to end up with a good recovery in the end and people who just sell for their emergency needs could sell, but people who sell because it is going down should hold it as much as they possibly could.

This is why it's important to do the right thing and hold. So all the people who can hold, as in they have the option to hold, should hold, that way we get to see the price do a lot better and the result should be a lot better as well. I believe that we are going to do much better.

Maybe not many people can read charts well and predictions aren't always right, but it's been a bit easier this year because we see a lot of positive trends that should be a strong reference.
For now, increasing prices is very possible and even if we look at current prices, they are already very high compared to the beginning of this year.

what i do believe is that there is no perfect prediction but there are other predictions that comes closer to the result.
and that is your fault, who are you to give a friend speculative amount that will bitcoin attain?
are you something like a old time trader? or analyst ?
because if you are not then I condemned your action towards your friend.