[2020-01-25] Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

[passwordnow]

$125,000 and $424,000 is too much and very high. Well, I guess the high predictions shall come out as they can understand how this market works. It's known that we just came from bear market and knows what's next. And base to the history of bitcoin, they are now giving too much predictions that's giving an excitement to the people who are reading their opinions. Sometimes, it's entertaining to read such high predictions with analysis.

[Cimmy_revenger]

In 2017,many people were expecting a bitcoin price above 100K USD  in 2018 and around 1M USD at 2019 or 2020.
They were justifying their predictions with technical and fundamental analysis.Did it happen?Nope.
Nowadays,I read such bullish articles for a good laugh and I just move on.It's sad if some people actually believe this BS.The author of the analysis should get a real job and stop wasting his time.

trusting yourself is better than following the news without a clear basis.
bitcoin prices are very volatile, simply a lot of demand but a little supply will make the price of bitcoin quickly rise.
vice versa.

[Upgrade00]

As a trader, always do your own research. There are lots of arguments and analysis for why bitcoin should be at an extremely high or low price and anyone can use bogus words and non sequiturs to support their claim.
This could be used to push the price or lower it depending on the strategy they wish to take.
When trading;
Be open minded, but also be very skeptical.

To address the original prediction, while every price is possible, some are not logically probable. And I do not think we would see such highs this year or anytime soon. However, don't forget to buy.

[arwin100]

It's to much prediction mate and remember on what happen on year 2017 where many people expected that Bitcoin would ever come more but suddenly after the halving pass and hype close out the price dump for even worse situation so better we should think on lower since it's reality and it will never profitable to whales if the price is not cheap for them so provably any manipulating act will strike just to dump the price.

[kro55]

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

I don't think such hype in bitcoin price is possible under current circumstances in which governments are not willing to accept crypto and FATF is pressing hard governments to do something against crypto adoption. Not only price analysis will help unless we see some welcome note from authorities.

[minairia3]

There are too many speculations and predictions the analysis done is too long. Halving coming and the rewards will be reduced. If you were a miner what would you do? Ofcourse the price will tend to increase to compliment with the rewards that has been gone for them. But is this too much positive regarding its price? Maybe they can set a more realistic prediction of surpassing the ATH first before coming up with $400k price. Too ambitious if you ask me. Anyway, everyone has their own say but for me this is ridicoulous analysis.

[karanggatak]

the topic of bitcoin price predictions at the end of 2021 is always interesting to discuss. although the topic has appeared very often but still many are enthusiastic to discuss it. in my opinion $ 424,000 is a very high number. and I think it's quite difficult for bitcoin to achieve it in less than two years. although we all expect the price of bitcoin to increase we must also remain realistic. according to my prediction at the end of 2021 the price of bitcoin is $ 40,000.

[Wilhelm]

My take on the situation
After the halving expect it to go to $50k-$70k. It could peak above $100k but that will be because of the FOMO and it won't last.

[ReCap57]

While I believe Bitcoin is still the wild wild west until now, I don't think it is possible for its price to climb as high as that next year. I don't even believe that Bitcoin will reach $100,000 3 years from now.

Even if it takes 3 years to break $50,000 we can still have a great time watching. The OP question is possible but pretty unlikely.

[mahilchii]

Predictions are really good, but this is beyond the limit mate. Right now we are just under 10k and do not confuse too much on this, and yes if you are ready to hold your asset for long-term well and good. It's like just a hype nothing more, the price may even dump after halving who knows. I'm not saying it's impossible but till 2021 is really short time to reach, might be it can in this decade.

[GuyFromBarcelona]

I consider 400k impossible (virtually). To good to be true. I would be really happy reaching 50k in two years (max time I plan on holding btc), and would conform even with 20k. 100k would be a dream, but I know deep inside that I would shit on my pants everyday at night if I dont sell at 60k or 70k or whatever, so doesn't matter.

I am used to traditional investments and there's something inside me yelling "stupid dreameeeer" every time I consider respectably probable getting an interest of 100% or more from an investment in just a couple of years.

[ReCap57]

I consider 400k impossible (virtually). To good to be true. I would be really happy reaching 50k in two years (max time I plan on holding btc), and would conform even with 20k. 100k would be a dream, but I know deep inside that I would shit on my pants everyday at night if I dont sell at 60k or 70k or whatever, so doesn't matter....

You could plan to keep at least some BTC, also sell on rallies and buy on dips, that way you will still own a bit if the prices go way beyond $100K.

[criza]

The year is still fresh and just have been starting but, we could see the vast development in its standing compared to last year's. $424,000 value is not impossible but, it would be very hard for Bitcoin to hit that price range with just limited time. The only proof that this might happen would be the halving event of Bitcoin that would be a catalyst to draw more demand from the investors and user of Bitcoin as its supply decreases gradually after the event.

So far, the price of Bitcoin is still struggling just below the $10,000 bracket. I predict it would overcome the resistance next month and would gain momentum till the bull run.

[YOSHIE]

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

Bitcoin is money in digital that is loved today all over the world, everyone is thinking of investing more in Bitcoin, various predictions emerge from the lower classes of society, to prediction experts in the world.

OP, if that's what is being asked about the price of Bitcoin in 2021, can it break the number / level: $ 424,000, this is a very difficult question to answer.

Briefly and think positively, yes or no, because we know since bitcoin was created in 2009 until now the price keeps changing 'up and down', This kind of thing can also happen to Bitcoin going forward and beyond, no one knows for sure the price of Bitcoin in the coming year, in essence, everyone hopes for the coming year Bitcoin and other coins can be better than the previous year.

[Reatim]

this is a high amount to expect mate with that short time period,yeah there are some expectations and speculations reaching 6 Digits but not at this short period.
i think we can grow high but not to the extent of hitting 400k$ level just for a year or 2.

My take on the situation
After the halving expect it to go to $50k-$70k. It could peak above $100k but that will be because of the FOMO and it won't last.

just like what happen in 2017?when after months of growing the value starts to fade before the next year comes.

[bhabygrim]

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

This is impossible, these guys keep making these senseless forecasts every time the price increases a lot, until two months ago they were hiding because the price was falling a lot, the point of some of them talked about the possibility of reaching the prices $3000. Now that the price is at $8300 they are diverging in forecasts. one hour they talk about the price increase, hours later they change and talk about a big drop coming.

This is why I don't believe in those TA's they surely say something random and out of this world predictions.
They would rather predicting something so high or tell that there would be a huge dump.
I mean how many times did they actually predict it right?
I think anyone could have done it too.

[Jeremy Franklin]

(snip)

I honestly don't give much on those predictions. There are always people in favor or against Bitcoin. Some predictions will say Bitcoin will die, others will say huge numbers like the one you quoted. I bet in the end the bitcoin price will be something in between. But of course crazy prognosis are always good for articles, but they dont mean much.

[STT]

I'd be ok with 10k even so long as BTC itself is successful and really it has to find its own direction and price in order to facilitate that.    Part of the pricing is reliant on the other half, the worth of what you quoting it in which is dollars.   Its impossible to say a price for BTC without also commentating on progress with Dollar worth and its trend as the backing to all other money.   To see a price of 400k requires that Dollar is no longer the sole basis for value but we have moved on in history to consider something beyond FIAT.   So its not a number we are moving towards but an event or shift in weight for the whole earth, way bigger then any number.

[fabiorem]

No. It might reach $40k if the bull market is postponed to late 2020.

If the bull market starts before the halving (thus confirming the 4-year cycle), then the price might reach $100k, followed by a crash to $15k in 2022.

[BigBos]

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

I know so many people who are optimistic and excited about this year and 2021 to come, but I think that the price is too far from the limit. well, maybe we will make predictions at that level when the price of bitcoin manages to break the price of $ 100000. but so far, I have only predicted that the price of bitcoin will reach its new ATH in 2021, but the price may be in the range of $ 20,000 and $ 30000. I don't think that the new ATH will be in the range of hundreds of thousands of dollars.