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Author Topic: [2019-06-24] Bitcoin Price Can Shatter $60,000  (Read 99 times)
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June 24, 2019, 05:34:36 AM
 #1




The red hot bitcoin price rally isn’t showing any signs of stopping. The flagship cryptocurrency has touched the $11,000 mark once again and there’s ever-growing chorus that it will keep flying higher.

Crypto trader Josh Rager is one of those bulls calling for a rapid rise in bitcoin prices from here onward. He has made a really bold prediction that will be music to the ears of bitcoin enthusiasts, who have endured a volatile journey over the past year but are now reaping the reward of stacking Sats.

In a series of recent tweets, Rager pointed out that once the price of bitcoin goes past the $11,700 mark, it will find little resistance and break through to highs that we have never seen before.

Further Read: https://www.ccn.com/crypto/bitcoin-price-shatter-60000-bull-cycle/2019/06/23/

One thing for sure, aside from bitcoin making a big comeback from the winter phase, there is an ongoing trend right now and that is for some personalities (famous and not-so-famous) to make "outrageous" predictions or projections of what can happen with bitcoin soon. We have seen such an avalanche and there will be more, I guess. Personally, I actually find these predictions to be useful in fanning the fire for bitcoin but of course we should not be relying on them for our decision-making. In fact, they can be good for entertainment and for maintaining that positive aura for bitcoin.

 
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June 24, 2019, 11:47:14 AM
 #2

It can also shoot past $100k within two years. There are various models indicating peaks from $100-$300k but that's all based on the assumption that the next bull market will be as wild as the previous ones.

I'm not necessarily a believer of these models. I rather wait for the price to go past its current $20k high and from there reevaluate the market because there are no certainties here.

People always tend to follow the most bullish outcome without taking a possibly bearish outcome into consideration. If you do that you could very well end up holding the bag just like people did in 2018.

 
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June 24, 2019, 01:25:17 PM
 #3

It certainly can reach $60k in 2020 Bullrun, my prediction is $45k though.
But there will be at least two or three major corrections on the way to that point. And we're still waiting for the first correction since the beginning of this bullrun and I think it should happen soon, before the end of July.
We're still in very early phase of bull run but the price already tripled from the lows in February. The speed of growth needs to slow down or major correction of something like -30% needs to happen.

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June 27, 2019, 04:39:19 AM
 #4

it can go to the crazy ATH , but I don't see it happening in 2019 just yet
I'd be glad if we got to 20.000$ in 2019 and stay there , the 3.500$ to 12.000$ growth is crazy enough for this year
do we want the repeat of 2017 when , suddenly , the price got slaughtered after the unsupported bull run
and we experienced one of the worst slumps in 2018 - 2019  or do  we want a steady growth?
my firm belief that we will see 40-50.000 come 2020 and the halving , hopefully by that time more positive things happen and
BAKKT , with their super slow moves , become just one of the many big positive factors influencing the price

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June 27, 2019, 05:33:12 AM
 #5

it can go to the crazy ATH , but I don't see it happening in 2019 just yet
I'd be glad if we got to 20.000$ in 2019 and stay there , the 3.500$ to 12.000$ growth is crazy enough for this year
do we want the repeat of 2017 when , suddenly , the price got slaughtered after the unsupported bull run
and we experienced one of the worst slumps in 2018 - 2019  or do  we want a steady growth?
my firm belief that we will see 40-50.000 come 2020 and the halving , hopefully by that time more positive things happen and
BAKKT , with their super slow moves , become just one of the many big positive factors influencing the price

Of course, we don't want that massive and artificial growth we have witnessed back in 2017, but there is the CME and CBoE hype that time. And damn, what happen next is one of the worst specially for those new comers in the market.

Halving is what majority of us believed to be the main catalyst to reaching new highs. But we all have to wait for next year and see what happens next. A good $15000 at the end of the year is not that bad either, slow and steady and accumulation is the name of the game prior to the block halving.

 
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June 27, 2019, 01:19:54 PM
 #6

Granted we are in the middle of a bull run but a 60k$ price isnt very believable at this given time.
Even in this article is states 'BTC is likely to hit $60k+ this coming uptrend…' but there are many articles similar to this one that claim BITCOIN will reach upwards of 100k.
This is just another speculation article to help the bulls keep running!

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June 27, 2019, 05:29:28 PM
 #7

Granted we are in the middle of a bull run but a 60k$ price isnt very believable at this given time.
Even in this article is states 'BTC is likely to hit $60k+ this coming uptrend…' but there are many articles similar to this one that claim BITCOIN will reach upwards of 100k.
This is just another speculation article to help the bulls keep running!

It doesnt really help fully but somewhat it can motivate if someone do really moves out the current market.You can see those common numbers
where wild speculations flies around on this uptrend without even checking or seeing that those numbers arent really realistic but somehow it is plausible with
bitcoin but it wont really be reached on a short span of time.

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June 27, 2019, 08:30:28 PM
 #8

Granted we are in the middle of a bull run but a 60k$ price isnt very believable at this given time.
Even in this article is states 'BTC is likely to hit $60k+ this coming uptrend…' but there are many articles similar to this one that claim BITCOIN will reach upwards of 100k.
This is just another speculation article to help the bulls keep running!


They are saying it based on bitcoins past performance. If we break the last ATH at 20 thousand we will begin a real FOMO bull run like in 2013 and 2017 and bitcoin should at least double in value and go to 40-50 thousand.

The main weak point of this theory is that at some point private investors won't be able to put enough money on the market to double or triple the market cap. At some point we will need institutions to achieve it.

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June 27, 2019, 10:09:56 PM
 #9

The main weak point of this theory is that at some point private investors won't be able to put enough money on the market to double or triple the market cap. At some point we will need institutions to achieve it.

Eventually we really need them but for now it shouldn't really be a problem to catapult Bitcoin to levels dwarfing the current $20,000 all time high.

What we have going for ourselves is that Bitcoin isn't at a stage like Gold yet where it suffers from all the cash settled instruments suppressing the spot price. With LedgerX, Grayscale, Bakkt, ETF's, the OTC and the spot market will dry up because there are only a limited number of coins up for grabs.

The severity of slippage on exchanges will only increase because wealthy individuals have to buy up the price in order to obtain a large number of coins. The liquidity that's waiting to buy will lead to less slippage to the downside because there just aren't enough coins to sell through the buy side of the orderbook. The future looks bright.  Smiley

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June 27, 2019, 11:36:12 PM
 #10

it can go to the crazy ATH , but I don't see it happening in 2019 just yet
I'd be glad if we got to 20.000$ in 2019 and stay there , the 3.500$ to 12.000$ growth is crazy enough for this year
do we want the repeat of 2017 when , suddenly , the price got slaughtered after the unsupported bull run
and we experienced one of the worst slumps in 2018 - 2019  or do  we want a steady growth?
my firm belief that we will see 40-50.000 come 2020 and the halving , hopefully by that time more positive things happen and
BAKKT , with their super slow moves , become just one of the many big positive factors influencing the price


I agree with you mate I am not thinking negative for what bitcoin can get reach in the future, but let's face the reality 60,000$ is impossible to hit by this year may 2 to 3 year from now will got it price hype of bitcoin but I respect to all people positively give high prediction.

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June 28, 2019, 10:43:44 AM
 #11

60k ? Easy, but dont jump yet. I think that we are at critical moment in next weeks , we have to hold some sane support level in order to hope for continuation of bullish momentum .

If we could reach 13,8 k level so easily with this small of a interest, 60'000 is not so unreal.  Small interest- according to google trends .

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