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

[happy5571]

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

[Eugenar]

Sad to say we can't predict if the price per bitcoin will become $160k. But, it is possible to happen if in the next few years we will experience bull market. Some people predict that bitcoin will raised up to 1 million usd but do you it is really possible?

[elda34b]

Never trust any prediction. Be prepared for every possible scenario as there's no way we can tell when Bitcoin or crypto will start its bull run again. Don't trust anyone in this space, do your own research and do things on your own, because in the you're the one responsible for your life.

[Capt00]

Don't think too much ahead of time still, you are predicting the future market that there's nothing who can tell the exact happen.
Don't bother your self on that besides, just prepare for the possible happen. We are waiting for that bullish trend but as of now just try to go with the flow.

[LogitechMouse]

I can say that your prediction will be true, or I can predict too that in 2023 the price of Bitcoin will be more than $160k. An average newbie in crypto can predict that at the end of the year, Bitcoin will go to $0.

What I mean is don't trust to prediction because anything can happen and unexpected things can happen in unexpected times. Lets just wait for it and HODL!!!.

[Ayiranorea]

Prediction charts were developed upon the analysis made by themselves on observing the market as well calculating the growth that has been attained over the previous years during the same time period. When the price went reaching $20k the expectancy was $7000-$10k. The market turned wild and gave a big growth, this way anything could happen, let's hope the best to happen.

[dothebeats]

All are mere speculation without any factual basis except previously established charts. I won't go much deeper into these things as they are clearly just projections made by permabulls and prices are drawn on nothing but sand. I wouldn't bank on these predictions and will just use my own judgment and volition into positioning myself in the market for any gainful profits there is along the way. $160k is a stretch in 4 years time, and even with full-blown FOMO included, I don't think we'll get past $20k on the next bull run--if ever there will be one again.

[aioc]

Do your prediction backed by fact or just assumption or because of the past market performance, any which way we can't tell if Bitcoin will go up or down, 2018 and 2019 are full of unexpected events so just expect the unexpected and always get ready.

[vennali]

From what Ive learnt so far from all these "predictions" is that its not easy to do so. There have been thousands of experts who, when the time comes just sound clueless. All you can do is hope. I hope it goes to $160k in 4 years time too but I think its definitely an overkill.

[davis196]

The chart looks pretty legit.The price cycles are really getting longer and longer,but there's no guarantee that some external event(global crypto ban) might destroy the bitcoin price patterns forever with no chance of recovery.There's no mathematical or geometrical way to predict the future.

[omone1]

All these are just speculations, in wake of 2017, many death speculators predicted bitcoin to hit $50k-$250k, and a lot of folks panic bought, today they are in anguish because of wrong pricing by supposed pundit. I have learnt my lessons to focus on the technology of the bitcoin rather than just price speculation, which although is still necessary to create market HYIP.

[Shinpako09]

It could be right and it could be wrong. Even a prediction with basis isn't a guaranteed no matter how deep the analyzation is, at the end prediction is still a prediction. Still the best thing to do is be updated/active on what is happening. Especially, we all know btc does unexpected things.

[bitgov]

After halving in 2020, all speculators predict the largest mega bull run in history of cryptocurrency market. With a bit of luck, in 2023 the price will fall from $300k in 2021 to $160k.

[vintages]

$160k seems fair and somewhat realistic  but yet it's not advisable to hold steadfast to it or act on this prediction. If you are intending to invest more because of this price; do not because prediction may or may not come to pass. Invest because you want to.
If we will see this price, then something needs to be triggered, an event is likely to push Bitcoin to this price.

[teilwalL05]

An interesting chart I may say, So the next bull run will be 2020 and will end on 2023 if the chart will be correct then that now if the best time to really produce Bitcoin and exchange fiat to bitcoin and other Cryptocurrency that you like because when the price of bitcoin goes skyrocket other cryptocurrencies will sure follow, Well I guess this is all in a technical manner of analysis but this is some exact charts that bitcoin price will go through. I may say that there is a related forecast just like these that 2020 will be the start of the bull market.

[jvdp]

Undoubtedly Bitcoin is the high valuable crypto currency so we should expect more than 100k USD will possible on 2023. But reality we never predict the future possibilities because most of the long term is never comes in true, So keep buying and holding the Bitcoin is a right decision in bleeding market. May be this month some jumps are occur in the market but we should concentrate in long term.

[betlifeai]

i think it's all about adoption by big companies now if they support the bitcoin and make it usable for sure price will fly but it's all risky u'll never know what might happen
like what samsung did and opera browser that's adoption , very important one
and bittorrent token it's also a big step to make at least the crypto world more known to regular people

[qualitywork]

It's Just a hype, see cannot predict anything in crypto currency and even the experts do not have about this. but one thing for sure is long-term investment will always benefit you there is no doubt in that. And yes I still believe BTC will skyrocket again as it has proved already as the king of cryptocurrency.

[MakeMoneyBtc]

I dont think there are any good reasons to belive that. In just 4 year i think its just impossible to see the price going up x40, especially when we talk about a starting point of 4000$. It took about 8 years for the price to reach the maximum of 20.000$, i dont think in only 4 years the price could go up to $160k.

[BrewMaster]

it is wrong simply because bitcoin exact price in an exact time in the future is completely unpredictable. the only thing we can predict is the rise itself and a big range that price may or may not reach.

for example back in 2016 when price was <$1000 you could predict that by 2018 price can reach somewhere between $5k and $10k and worst case scenario with a solid rise without any surge to $3k. but you could have never predicted $20k.

now in 2019 we can say by 2023 price is going to be above $50k in worst case scenario and we may be testing $100k already but that range is still too big and you can't limit it any more.