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

[LUCKMCFLY]

It can not be wrong, but to make predictions of such magnitude, should be based on a fundamental analysis that consider all possible scenarios, both bull or bear, of course it would have a prediction as such, I would not dare to give a figure at this time, because right now the market is going through a phase of accumulation that can take a long time. But everything is possible, if so, a scenario like that would not fall badly, technology would echo the world and start an era where money has much more value.

[Harlot]

The funny thing about long term charts in the cryptocurrency market is they are totally inaccurate, if they are inaccurate in their stock market counterpart then we can expect how it is massively inaccurate in the crypto market. Long term charts does not take into consideration current events and other external factors outside of its charts. Yes there is a possibility that the price you predicted will happen but its the best scenario that could happen but it has the least chance to happen.

[magneto]

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

The halving is going to have a significant impact on bitcoin price, that is something that is going to be right from this prediction.

However, the fact that this prediction involves any sort of specific numbers would deter me from believing in it. The fact is that it is next to impossible to predict how much FOMO will be present in the market, and how much further up we can go when market capitalisation was already in the hundreds of billions at the peak of the last bull market.

I certainly don't think it's impossible to have something in the six digits for the next upcoming bull market, but the arbitrary way he approaches this analysis isn't something that I would be trusting.

Furthermore, he essentially assumes that late August 2023 will be the time when the height of the bull market appears. Again, completely arbitrary date for when this will happen. But more importantly, wouldn't that mean that in 2024/25 markets will be bearish despite the halving if we follow his model? Contradicts his own prediction.

[bitcoin31]

Only 4 yeats from now and we are in the 2019 on that year.  I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.

[CryptoCounselor]

Pathetic and ambitious speculation for looking up for the price and I think the best thing to speculate if we talk about the price is the little more closer on that figure, and there are so many hardship to come interms of that matter so maybe it's best for us on not to focus on some unreliable speculation and earn with current market volatility.

[Dreamchaser21]

Only 4 yeats from now and we are in the 2019 on that year.  I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.

Too much high makes it more impossible for bitcoin to reach that level, we should focus more on the next bull run and don’t just think about the price of $100k and up. If this is meant to be it will happen for sure, no one can say if this is true or not so don’t focus on this one.

[gilangIDR]

I think that the price is too excessive, with the current price intensity of 160KUSD is a value that is so impossible to achieve in 2023. But remember that everything can happen in the world of cryptocurrency, many dreams come true. so try to dream and then we will get something beautiful.

[marcbitcoins]

There is nothing wrong if Bitcoin price will reach that far because no one will reach that value if it was not trusted as promising investment but i don't believe that price will reach that high because the more Bitcoin become more expensive then it will become the more the difficult to purchase in which small time invetors will be forced to shift to Altcoins which is much cheaper to purchase.

[Herbert2020]

I think that the price is too excessive, with the current price intensity of 160KUSD is a value that is so impossible to achieve in 2023.

"expensive" compared to what? the true value of bitcoin is a lot higher than small numbers such as $160k specially when you consider the fact that there is only a limited amount of it available meaning unlike most other things including fiat and most of the altcoins bitcoin has a cap.
besides it seems like you have forgotten that less than 2 years ago people were saying $20k is too "expensive" and won't happen in 2017 but it did happen very easily.

[soxxx]

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

I like Tuur Demeesters chart more. He nearly predicted 10k to the date years in advance....

https://twitter.com/tuurdemeester/status/545993119599460353

https://pbs.twimg.com/media/B5PB2WMIYAIkr6s.jpg

[sunsilk]

Only 4 yeats from now and we are in the 2019 on that year.  I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.

There's no limit on high bitcoin can reach in the future. But believing with such predictions today is something that everyone shouldn't do. How can we focus to pump bitcoin? focusing about pumping bitcoin? how can you we do that?

Predictions keep on coming and everyone is giving their idea on how much bitcoin will reach in the upcoming years. Focus on accumulating bitcoin so whatever the price would come up in the future, you are well prepared.

[fabiorem]

Its right. This chart is FA, which is usually underestimated by day traders.

However, I believe it might go up more than that, because if you take a closer look, you will notice the first cycle is narrower than the second, and as such, the range for the third cycle would be bigger than it is show in the chart (which is based only on previous history). For this reason, we reached $3000 earlier than October 2019.

[mostcrack]

it's difficult to predict the price of bitcoin. let alone for the next few years, one minute ahead we cannot predict for sure.
but all possibilities can still occur if there is bright hope. and surely everyone in the cryptocurrency world wants this to happen.

[ethereumhunter]

There will be more and more prediction about bitcoin price, and it will happen from this year and go on, but we don't know the truth. I think we should leave that as a prediction because no one will know what will happen in the future unless he has a time machine

You can say that bitcoin price will go up to $160k in 2023, but still, we need to wait and patient. We cannot just expect the times to arrive but what we need from now on is collecting more bitcoin from many ways because if you don't use your time to save more bitcoin, you will not make a lot of money in the future if you believe bitcoin will increase so high.

But I believe that in a few years later, bitcoin will be too expensive to buy and only people who have large money can buy bitcoin, and it is hard to buy 1 bitcoin. So you can save that chart for your own purposes while you continue to save more bitcoin and then when the time comes, you can sell it at once.

[Shiversnow]

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.

Even there will be a halving in the year 2020 there is no assurance that it will peak the price of $160k. Most of us are waiting for the next few years where there are more possible that the price of bitcoin will rise. Let see if bitcoin will really hit the price of $160k in the year 2023.

[CoinEraser]

-snip
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.
-snip-

That's just a prediction again and I wouldn't count on it. No one can reliably predict how Bitcoin's price will develop in the future. The whole crypto market is hard to estimate and it is even possible that we will never see a price of 160k$ at Bitcoin. I assume that Bitcoin can reach this price sometime, if and when that will be, nobody knows. 

[Hannahanto]

The chart seems to be accurate with data. The growth trend leads to a good growth in future. Still, anyone can predict and we can not expect the same result. But, yes based on its growth strength among people, bitcoin will certainly have a splendid growth. Crypto currencies will be prior currency enhancing countries economy.

[mahilchii]

Predictions are going beyond the limit these days, I can't even imagine the value which is mentioned here in so quick time $160k? Wow... that's so huge. people say anything can happen in crypto currency but how come such speculation? I don't think it will reach that when compared to the current market situation.

[harizen]

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

No matter how good that graph is, how professional the analysis made, how properly backed it up, how accurate it is by looks of others etc. that will still remained as "prediction".

There are lots of predictions that being made last year about the possible outcome of bitcoin price throughout the year. Most of it are honestly properly backed it up meaning not just a simple prediction. But the result? The other way around.

It's good take those professional predictions as references but don't ever consider that as a main core of our future strategy. Im optimistic with the future of bitcoin but don't want to give numbers on where it should be several years by now. Im more focus of continous accumulation.

[gabmen]

Predictions are going beyond the limit these days, I can't even imagine the value which is mentioned here in so quick time $160k? Wow... that's so huge. people say anything can happen in crypto currency but how come such speculation? I don't think it will reach that when compared to the current market situation.

Lol and that's even conservative dude. One old man confidently wagered earing his own dick if btc don't hit 1m by 2020 lol. Everyone has his own speculative value so it's ok. The problem is if you believe and expect one of those speculations to be true and take it seriously.