Is right or wrong that bitcoin price will up to $160k in 2023?

[n0ne]

There is not right or wrong when it comes to Bitcoin, everything is possible. Still this is so long term and the price is exaggerated so I wouldn't comment that partucular prediction. But there is no use of bothering with such numbers and what will or will not happen in distant future. You better focus on current situation.

Everything with bitcoin is completely unpredictable, and also the predicted value is really achievable. Reaching $20000 happened in a short, moving from a value around $5000 to $20k when people are speculating about the price to touch $10k. Price growth is expected to reach $100k within few years time. When entire sum of bitcoins were mined the market demand will increase and by that $160k is achievable.

[Oceat]

No one really knows what would be the price of Bitcoin at that time since it is always unpredictable and it doesn't depend on something that you can easily think that would be the target price in the future. Since it is a live market and everything here is always changing in any minute and my thought also that Bitcoin goes on a different path instead of what you are expecting.

[MFahad]

Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run

From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time.

In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than  2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.

What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019
I don’t know what algorithm does this chart uses, maybe itself no algorithm.

what you do think about the viewpoint of this chart, please leave your comment or viewpoint.

image url：https://ibb.co/TK5my5T

Well, it is all are confusing and unpredictable, and also in this chart bitcoin price in 2019 is very low. Now you could see it is not a right price mention of 2019, so may be it is not right chart prediction wise, and i think we should wait everything will be clear in front of us in future.

[Naida_BR]

What I can see from the graph is that the parabolic upward trend is going to take longer in terms of period that the other previous two, and we should wait a little bit longer for reaching a new all time high.
Your price prediction of 160k seems impossible to me, but you never know where is can stops or what it is going to reach.

[shoreno]

Its not wrong to speculate . Its okay of your predictions wont occur and its not also wrong if bitcoin's price will reach 160k usd 4 years from now  .  Let say that can happen , i think many bitcoin users will feel happy because bitcoin finally reach its new ath . Alot of us will now become millionaires and billionaires on that date but before we can achieve that dreams , we should first start hoarding more coins .

[TopT3ns]

Its not wrong to speculate . Its okay of your predictions wont occur and its not also wrong if bitcoin's price will reach 160k usd 4 years from now  .  Let say that can happen , i think many bitcoin users will feel happy because bitcoin finally reach its new ath . Alot of us will now become millionaires and billionaires on that date but before we can achieve that dreams , we should first start hoarding more coins .

People free to speculate in here, will be good if a lot of people give their opinion and the others can pick which one is really can be good speculation/analysis that really almost right and make it as something that can guide them.