Simple prediction: 2024 bitcoin at 200.000 dollars

[Skybuck]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

[1715254498]

1715254498

[Crptomagma]

The facts you provided are assumed to be well logical but it’s still based on predictions so we’re predicting based on some of the traits and advantage we see occurring in the market on a daily basis but it’s can result to the unpredictable so we need to wise in our everyday transactions with bitcoin.

[Dave1]

You might as well read @fillippone, Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity. This model is graphically on the dot still even as we closes $30k. And I would say that there are many skeptics or even laughing at this model, and should interest anyone who are into predicting the bitcoin's price.

[bekti3]

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

This is quite reasonable and can be used as research where in May there are always surprises like a gateway for bitcoin, even though it's the beginning of the halving which will be the same at the end of the year than in May. need to do research in this regard. There could be a correlation that is deliberately used as a benchmark. but even though I still can't say it in full. because I need a sufficient basis to support whatever speculation is said.

[pixie85]

may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

You're looking only at the last bull market. There's no rule saying that every next bull market has to look exactly like the one before it.

Compare 2013 and 2017. They are not the same! 2013 took us from about 150 to 1100 USD so about 7.5x and 2017 measured from the peak of the last bull market was 19x.

If this bull market was only to be 7x like 2013 we'd land at 140 thousand dollars but many people predict that it takes so much fiat money to break the 100 thousand barrier that it will take years.

[boyptc]

2024 is the next date for bitcoin's halving.

I'm also thinking that there would be a better price after that. But we're still 3 years and several months far from it. And from that period, a lot of things can happen on their way to the next halving.

Things that can affect bitcoin's price, positively or negatively.

[A62662]

It doesn't work like that. It's much easier to push something higher when it is cheap. When it is expensive like it is now, it gets much much harder to push it higher since it's already very high.

[milewilda]

It doesn't work like that. It's much easier to push something higher when it is cheap. When it is expensive like it is now, it gets much much harder to push it higher since it's already very high.

Simple line of response but this is actually on point where people should think this way that it can indeed go to high multipliers when its still cheap but when its expensive or on high price already then its really hard to attain those numbers. People cant just stop on giving out those kind of price where to consider on how long we've been staying low or on how many years.We did even struggle or the market to break the ATH.
How much more on presuming on higher numbers or digits? 2021 or 2024 .. reaching 100k or 200k or even 1M is nearly or can only happen in dreams.

[LUCKMCFLY]

It is not unreasonable, it can happen, 2024 is even further away, 2020 showed us many fundamentals that affected the world and the Bitcoin market and all markets in general, of course gold was the one that did not suffer much, but for now to make a prediction of that style until 2024 I would not dare to do it. But I think it will be much more than that price.

[TravelMug]

Why not?

But the exponential growth might slow down specially if we are going to touch 6 digits. Not unless all major companies in the US has stock pile bitcoin in the billions then we can have like $200k in just about four years. But we all know that there are companies not totally sold on bitcoin becoming a hedge and because it's volatility. But for sure, down the future 6 digits are going to be possible, specially how bitcoin are going to be scarce going into the next halving.

[thecodebear]

That seems reasonable. I actually think there is a good chance it is significantly higher than that, like possible twice that price. But it depends how the cycles go now. If we're gonna see the end of another 4 year cycle in a year with a huge crash and long bear market then in 2024 price may only just be pushing through $100k (again?) on it's way to a new peak in 2025. But if institutional investors pretty much rip the 4 year cycle apart because they just keep wading in gradually for years to come then we might just see a prolonged bull market in which case the price could easily be significantly higher than $200k in 2024. The 2024 $200k prediction kinda cuts those two possible paths (and of course there are others but those seem to be the most likely to me) in half so it's a good average of them at least.

[Taskford]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

You cannot really count an accurate result on what will be the price in the future since it's kinda far to happen and for sure there are series of events that will contribute to the growth or either the price collapse of bitcoin so maybe we shouldn't think something almost unreal maybe we should let the faith decide if we can really see that.

[lepbagong]

What did the OP say in the simple details that determine that bitcoin could be $ 200K by 2024? let's see the halving ....

HALVING:
events when mining rewards are cut in half or represent a halving / 50% reduction in the supply of Bitcoin to the market. This is a standard rule on the blockchain to make Bitcoin even rarer. The halving occurs every 210,000 blocks or it can also be called the equivalent of 4 years.

First Halving: 28 November 2012
there was a very significant increase occurred in November 2013 with a value of $ 1,127

Second Halving: 9 July 2016
there was a more significant increase from the first halving in December 2017 with a value of $ 19,665

Third Halving: 12 May 2020
Will there be an increase equal to the first and second halving in the following year with adjacent months.
If it happened in November / December 2021 and the current price has reached over $ 29K, wouldn't there be any surprise that the price of bitcoin could be 2x or 3x the last price in 2017?
how about seeing% of the first and second !!! 19,665: 1.127 = 17x?

[pooya87]

You've already found the popular pattern sometimes referred to as "cycles" but the start time of each round that you chose sounds wrong to me. Each cycle doesn't start from halving but the halving falls nearly at the middle of each. And it does affect it because after all the production rate is cut by 50% each time but the effects aren't right away and they are not the main driving force for the rallies, the adoption is.

Consequently your 2024 is off the mark too. This Cycle began at the bottom about 2 years ago and it is possible that only one more year remains from this cycle meaning by the end of 2021 we will see the new bubble. So your prediction ($200k) should fall there although I personally think price will be at least twice that.

[Lucius]

Unfortunately it doesn't go back far enough, so this will have to do for now

If you mean data from before 2013, then logically you will not find them on those pages that follow the data from the moment they were founded. There are some pages where you can see earlier data, for example on this link Bitcoin Historical Price&Events

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Personally, I'm not greedy, and I'm more focused on this year, which will show whether this is just a price pumping by big investors today with the intention of dumping at some point - or whether the price will continue to rise regardless of the numbers. I think it's possible to reach at least $100 000 this year, which would be about $6000 per month up. 2024 is still quite a long way off, and I don't think anyone can know what awaits us in that period and how the world's political elites will look at the fact that trillions are pouring into Bitcoin.

[Timelord2067]

Interesting theory, however, you need to examine all halving events (not just the last one) before you can make assumptions concerning the apparent price in a little under four year's time.

Is it a linier climb? Have you factored in crashes? Exchange thefts flooding the market and pushing the price off of a cliff all need to be considered.

[Skybuck]

We are getting there !

Bitcoin as of 4 march 2024 at 65.000 dollars.

[STT]

This is like that rainbow chart thats been around a while, there are a range of possibilities and if you take the very extremes assuming BTC grows now as much as it had at some points in the past then sure giant prices are possible.  

  I disagree for a couple reasons, some take possibilities and call it probable the trajectory aligned with the past must account for the growth & sheer size of BTC now.   Dynamics of an oil tanker and a race car will vary, its bigger we have to take on board much slower progress even with alot of optimism I still dont think 100k this year and not 200k this  year or next.

The current action is very positive but we dont continually hold the accelerator to the floor and call that a destination, its far too aggressive.  The gains have to be digested in some way that is healthy and that will take more time then is clear right now.   Almost always turns out that way even though BTC does gain alot at certain times.


Some buyers now are future sellers, just a very simple take and quite true imo; at times it will even be the majority who buy then sell not too long after as theres a whole balance of outcomes.

[m2017]

This is like that rainbow chart

There is no other way to describe what is happening in the cryptomarket now.

assuming BTC grows now as much as it had at some points in the past then sure giant prices are possible.  

Until recently, I also didn't want to believe that such rapid growth would happen, but I will have to admit my erroneous forecasts in the face of the fact of what is happening.

"Simple prediction: 2024 bitcoin at 200.000 dollars" - in the title of this topic it looks crazy and it’s impossible to believe it, but I remember past cycles and many also could not imagine what heights bitcoin would reach. I want to say that exactly what no one expects happens, and in this vein, the price of $20k0 begins to appear as something quite achievable.

Dynamics of an oil tanker and a race car will vary, its bigger we have to take on board much slower progress even with alot of optimism I still dont think 100k this year and not 200k this  year or next.

Well, yes. Bitcoin should have become slow and clumsy due to his current size, but as you can see, it is still able to show his swiftness.

We don't think that $100k or $200k this year are possible, but our expectations are nothing before the irreversibility of existence.

The current action is very positive but we dont continually hold the accelerator to the floor and call that a destination, its far too aggressive.  The gains have to be digested in some way that is healthy and that will take more time then is clear right now.   Almost always turns out that way even though BTC does gain alot at certain times.

That is why a temporary drop and pullback are inevitable. This pump is slightly inflated like a bubble.

Some buyers now are future sellers, just a very simple take and quite true imo; at times it will even be the majority who buy then sell not too long after as theres a whole balance of outcomes.

We will have to come to terms with this too. This market has not ceased to be speculative.

[Zanab247]

Your prediction will surely come through op,  but it will not going to be this year if you have visited the market this year because the price is still around $63k, which it will be difficult for the price to jump to $200k in this year, well that is your prediction because anything can happen in the market for someone prediction to come to reality.

I would have agree with your prediction, assume you mentioned 2030 because I know that the price of BTC will hit $200k before the end of 2030 because the price has break into a new ATH this year, that made hodlers to rejoice because that is the first time seeing the price hit $73k over some years now.

If you want to be part of that amount you predicted in this trend, you can start saving some money from your working place so that you can buy when the bear run come and hodl till the price hit $200k before you can sell.

[pooya87]

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

[Ambatman]

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Thats why predictions and laws in economics always add Ceteris paribus because human factor are unpredictable.
Many didn't expect BTC to dip to $15K+ because we didn't take FTX going bankrupt into consideration.
Imo, We could be seeing Bitcoin hitting new highs around 2025 to early 2026.
Open statement are usually more accurate
Bitcoin would reach $400K in years to come.

[Dave1]

Your prediction will surely come through op,  but it will not going to be this year if you have visited the market this year because the price is still around $63k, which it will be difficult for the price to jump to $200k in this year, well that is your prediction because anything can happen in the market for someone prediction to come to reality.

I would have agree with your prediction, assume you mentioned 2030 because I know that the price of BTC will hit $200k before the end of 2030 because the price has break into a new ATH this year, that made hodlers to rejoice because that is the first time seeing the price hit $73k over some years now.

If you want to be part of that amount you predicted in this trend, you can start saving some money from your working place so that you can buy when the bear run come and hodl till the price hit $200k before you can sell.

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

[2Pizza410000BTC]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

You can make a simple prediction that Bitcoin will be $200,000 in 2024. But I am not disregarding your prediction, I believe Bitcoin will be worth $100,000 by 2024. And Bitcoin may be worth $100,000 to $200,000 in 2025. Halving Since the new Bitcoin ATH was created before the Bitcoin halving, we will definitely see the new Bitcoin ATH again after the halving. But I can consider Bitcoin price to peak at $100,000 in 2024. And in 2025, the price of Bitcoin may exceed $200,000

[Marvell1]

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Once it's called a prediction, it means it will be right or wrong, so there's nothing sad when our prediction is wrong. But even when everything goes smoothly, like there is no more war, the Fed lowers interest rates, the world economy enters a recovery phase and prepares for a new growth cycle. Bitcoin reaching $400k is also very unlikely and I never dared to think about it although I also expect a super bull cycle next year.

400k$!, that is truly a huge number and imagine if bitcoin can reach 400k$, how big will the entire cryptocurrency market be by 2025? We won't grow that fast.

[AnonBitCoiner]

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

We cannot say that such a price will never be achieved but it will surely take place one day and the day is not easy to predict therefore gather as much Bitcoin as you can and then sell little by little with the help of different targets. There will be good news and bad news which will play an important part in the ups and downs of the market so don't forget that for achieving such a target of 200k$ you have to maximize your patience.

The price of Bitcoin is still lower and does not exceed more than 66k$ but this is not about to worry but it's a normal part of this market. Bitcoin has not crossed 80k$ and once price starts to rise then everyone will believe that the effects of halving has been initiated which will lead Bitcoin and other altcoins to attain more higher value that they have not attained before this.

[Hallroom]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

[Republikcoin.com]

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

What I see from each Bitcoin halving is a single digit increase in the price in the market and this has been proven from 2012 to 2024. This means that an increase in prices of two to three times the current price could very likely occur during a bullish market moment next year or at the end of this year. Although at the moment I am not thinking about a bullish market because I am still enjoying the current market conditions by buying DCA every month.

[Gaza13]

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

Yes, of course we are waiting for the new price to arrive. We should just enjoy the process, one day the new price will occur. I think it's normal that good and bad news will affect the price. If we believe in this asset and especially with moments like now, it would be better for us to just accumulate as much as we can every month. It's best if there is an increase in transaction costs, let our assets be temporarily placed on an exchange, and if transactions are back to normal, then we can move them.

[serjent05]

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

I am fixated on speculation that Bitcoin won't break $200k this bull run until spot ETF is approved.  I now think that Bitcoin have a better chance of breaking $200k this 2025 bull run since with these institutions taking part of the Bitcoin craze, it is highly likely that more investors will be attracted to invest more money on the Bitcoin market.  We have seen how irregular the movement of Bitcoin price this pre-halving event, ATH of 2021 had been broken even before the halving event happens, so taking into consideration the recent market movement and looking forward to the bull run of 2025, I somehow think that $200k  BTC is possible, but not this 2024 like what @OP is predicting.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down.

Probably people realized that they are minting useless NFT and think that they will suffer a huge loss if they continue with the NFT minting and paying with high fees.

[Kemarit]

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

I am fixated on speculation that Bitcoin won't break $200k this bull run until spot ETF is approved.  I now think that Bitcoin have a better chance of breaking $200k this 2025 bull run since with these institutions taking part of the Bitcoin craze, it is highly likely that more investors will be attracted to invest more money on the Bitcoin market.  We have seen how irregular the movement of Bitcoin price this pre-halving event, ATH of 2021 had been broken even before the halving event happens, so taking into consideration the recent market movement and looking forward to the bull run of 2025, I somehow think that $200k  BTC is possible, but not this 2024 like what @OP is predicting.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down.

Probably people realized that they are minting useless NFT and think that they will suffer a huge loss if they continue with the NFT minting and paying with high fees.

I wouldn't used the term fixated though, maybe we are all excited what this bull run will bring? Bitcoin Spot ETF has been approved already and we did feel the impact of it right away as we have new all time high before the halving.

But it's going to be long term perspective as what could have been the effect to us. And that's why like you, we speculate that now $200,000 could be within reach because of this good news to us. Not just in the US, but there are countries who follow,

(https://www.cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html)

So everything is falling for us and we have this year and the next to achieved that.

[el kaka22]

Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.

I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.

[barisbilgili]

Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.

I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.

I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.

The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.

[Yaunfitda]

Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.

I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.

I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.

The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.

It was the target last bull run, and it was magnified by a certain prediction modelling that we will hit $100k in 2021. Unfortunately it didn't went well and that model was invalidated already. Now, we are in another bull run and maybe this is the right time that we can predict that indeed a 6 digit price is about to be reach. We have positive news like the Spot Bitcoin ETF being approved that pushes the price to $73k, a new all time high but it is pre-halving. But let's see how big this bull run is, the halving activity is already completed, price is above $60k++ and we have the next months to reach $100k. $200k though is too big for this bull run in my opinion, not impossible but it will take billions of money to flow into our market.

[Greyhats]

My target price's for this cycle are

Very Conservative: 110k
Conservative: 138k
Bullish: 170k
Ultra Bullish: 250k


I have posted this elsewhere and then kind got told off a bit for not being bullish enough. I’d like to be wrong in ultra bullish sense, maybe the meteoric rise we might see might go past 250k. All I know is that I will jumping for joy even at my conservative ranges. 

[Samlucky O]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

There is no guarantee that bitcoin will follow your analysis, but we hope it goes as expected in your description because we all are hoping the best for bitcoin. Bitcoin will suprise us sonner than expected. Bitcoin is the hope of all. Even if the analysis has not be statistically  proven  but we believe some how it may be true. it takes 4 years for another halving to take place, so it's possible before the nest halving, it may have reached $250k - $300k or $400k as described by you.
because the first halving happened on November 29 2012
bitcoin price was estimated to be $1,1632013
second halving happened on July 9 2016 and was estimated to be $19,3332017
the third happened on may 11 2020 with the price of $68,982.202021
Now the fourth halving has just happened on April 2024 we will be expecting the price change by the end of 2028 so there is a big possibility to even get above expectation.
Letts just check the price difference in ATH at every circle.
1st was $1,1632013
2nd was $19,3332017
3rd was $68,982.202
4th halving was supposed to have a new ATH from the previous but there was a big dip from the 3rd to 4th halving so we hope that by the end of 5th having a tremendous figure will be achieved.

[Adbitco]

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

You know halving has it own influence for bitcoin price to increasing including altcoin at large, If you look at the historical data you would see that it's plays a crucial role in price of bitcoin most times even speculation and how people are carrying the price of bitcoin that could cause the price to increase that way you might feel. I.e, Let just say that a famous influencer tweet about bitcoin reaching $500k, other famous or known personality talks about bitcoin price to reach $1m at this point you would see that they have created impact within the market other small investor would look for a way to buy at this point you would see price keeps increasing.

[fuguebtc]

Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.

I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.

I also thought it wouldn't happen but bitcoin is very unpredictable and it always surprises us . I mean when people don't think it will happen it can happen , just like none of us believed that bitcoin would reach a new ATH before the halving but it ended up surprising everyone . So I think we should not rule out the scenario that bitcoin will reach $200k by the end of this year.

Because bitcoin is unpredictable , I think the best thing for us to do is to always be prepared for every situation and always have a plan b if things don't go as we predicted .

[BITCOIN4X]

To be honest I can't expect much from May, I think it's because the distance between the halving and May is too close. The price of bitcoin doesn't rise that much in a month, even if you are really optimistic about the predictions. History doesn't always repeat itself and it doesn't have to be the same, but I can expect a high rise after a few months of the halving instead of one month.

I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.

[Hallroom]

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?!

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
  Skybuck =D

I think it's possible to get to $200,000 very quickly, as this season was the all-time high before the halving in 2024.  So as far as possible there is a bull market after this halving, targeting this bull market I think it is possible for Bitcoin price to hit $200,000.

[Mpamaegbu]

Letts just check the price difference in ATH at every circle.
1st was $1,163 – 2013
2nd was $19,333 – 2017
3rd was $68,982 – 2021
4th halving was supposed to have a new ATH from the previous but there was a big dip from the 3rd to 4th halving so we hope that by the end of 5th having a tremendous figure will be achieved.

I had to put that I bold for clarity. We're still in expectation of where price will get to in this 4th halving to form the ultimate new ATH. What we've seen so far after it broke the 2021 ATH is still far from what I'm expecting. Initially, since last year, I speculated that price would be around $120k–$150k but from what I saw a few weeks before halving is suggestive that Bitcoin is more likely to blow past that range I enclosed it in. I don't know if anyone saw the figures I'm going to supply here below but I don't know the source. I saw it in one of the telegram groups I belong 👇

BTC Halving Price History:

2012
$12 at Halving
$964, a year later

2016
$663 at Halving
$2,550, a year later

2020
$8,740 at Halving
$55,801, a year later

2024
$63,300 at Halving
1 year later...

So, we just wait and observe what's in stock. If we go by the figures up there and the number of X each did, let's even go with X4 which is for 2016 and the least; that puts the 2024 expectation around $250k. That will be crazy if it does come to pass, really.

[ajiz138]

To be honest I can't expect much from May, I think it's because the distance between the halving and May is too close. The price of bitcoin doesn't rise that much in a month, even if you are really optimistic about the predictions. History doesn't always repeat itself and it doesn't have to be the same, but I can expect a high rise after a few months of the halving instead of one month.

I'm not saying $200k is impossible by May 2024, but it might be a bit too high to expect. I just hope that bitcoin will test its highest resistance again next May, it would be even better if the price prints a new ATH too for the $74k to $75k range.

Yes it is too close to the halving so May will not fully increase significantly, for me this makes no sense even though some speculators believe it because it takes time for bitcoin to be at the $200K level it will not be easy the rest $100K we predict it in 2025.

There is no direct yet where was ATH before the halving? Then only in the current cycle that I know even though from the previous ATH is not big but we feel it is something different from before even though the jump after a few months of halving will be higher that we think.

[DeathAngel]

I think it’s very unlikely we will achieve a price of $200,000 per Bitcoin in 2024. It just seems unlikely, it wouldn’t match with the historically repeating four year cycles. I think very possible the price of one Bitcoin hits $100,000 but $200,000 & potentially much higher will more likely be in 2025.

[Slow death]

Not this year, I do not think so. I get that some people may want something like this, and that could be reasonable if you "want" it, but that would be way too much increase. We are talking about more than x3 in less than a year, we have about what 7 or so months left? Tripling the money in 7 months makes no sense at all if you ask me and that is not going to happen.

I personally believe that we are going to see maybe 100k if we are lucky and that's about it, I do not see that the price would be more than that. This is of course my speculation and my prediction, I could be wrong and if I am wrong and the price goes to 200k then I would be much richer so I do hope that I am wrong on this one, but I fear that unfortunately I am not wrong on this one and we won't go up that much.

I also think so, although Bitcoin price movements have been quite positive in the last few months with continued increases, but I don't think this year there will be a significant increase to reach 200k.

The price of 100k has been waiting for quite a long time and many people believe that it will happen at the next ATH after we saw the ATH in 2021, but everything happened not as predicted this year, the increase that occurred made a new ATH, although after that it was corrected again It's small that happens but for 100k this year I think it's more realistic.

We are in the month of April and the price of bitcoin is at $63,000, to reach $200,000 it would be necessary to increase 3x, it is not something impossible to happen because we have seen in the past the price of bitcoin rise a lot in a few months to the point of doing 3x or more, at this moment those people who cannot have patience and expected a big price increase immediately, become desperate and sell, while they sell the price drops, just like in the case of those people who bought at 15000$, 25000$ , $30,000 that made profits of 4x, 3x and 2x are selling a lot, this may take a few months to sell and as a result the price of bitcoin keeps falling and rising little.

but when the time comes when there will not be many people selling then the price will start to rise a lot and very quickly, because as no one wants to sell and the few who buy will be doing long term hodl, so the price will rise very constantly until it reaches very high values. as there are currently few new bitcoins entering the market and there are more institutional investors compared to many years ago, I won't be surprised to see the price reach $200,000 in a short time, I don't know if it will be this year, but I think we will see $200,000 in a short time

[Uhwuchukwu53]

I think it’s very unlikely we will achieve a price of $200,000 per Bitcoin in 2024. It just seems unlikely, it wouldn’t match with the historically repeating four year cycles. I think very possible the price of one Bitcoin hits $100,000 but $200,000 & potentially much higher will more likely be in 2025.

Yes I think going by the record the prediction is high and can't be achievable on this 2024 but within the $100k range can be of good prediction, though one can't under estimate what can happen but this is how the investment and hodlers handle the market before the halving and after when the bull run Will finally commenced.

[dezoel]

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

This is the crypto market nothing is impossible here after seeing the movement of Bitcoin before Halving, I also thought that Bitcoin would touch $150k by the end of this year, but now the market condition is changing, we can see that BTC's upward momentum is not that fast anymore. So it will be too early to make predictions for $200k at this time.

Yes, I can say that by the end of this year, we will see BTC at $80k to $90k, or maybe $100k, but $200k is too far.

It has only been about a week or so since the halving event, we will need to wait for at least a few months before we can see where the market stands, and maybe then we can make better predictions about the highest point of Bitcoin in this bull run, for now, there is no clear sign or anything like that.

[_BlackStar]

-snip-

This is the crypto market nothing is impossible here after seeing the movement of Bitcoin before Halving, I also thought that Bitcoin would touch $150k by the end of this year, but now the market condition is changing, we can see that BTC's upward momentum is not that fast anymore. So it will be too early to make predictions for $200k at this time.

Yes, I can say that by the end of this year, we will see BTC at $80k to $90k, or maybe $100k, but $200k is too far.

It has only been about a week or so since the halving event, we will need to wait for at least a few months before we can see where the market stands, and maybe then we can make better predictions about the highest point of Bitcoin in this bull run, for now, there is no clear sign or anything like that.

No big increase can be expected in the week after the halving - even if some users were hoping for it, then today they have found out that it did not come true. Of course - people ask why, but that's the fact.

Prices were corrected during April - especially ahead of the halving until the end of April. It's hard to expect a $200K hit in such a short time - but nothing is impossible. I can expect $100K in a few months after the halving - maybe later in the year is a good time to mention, but it could be sooner than we expect.

[GeorgeJohn]

That's while we don't need to exaggerate much in price of bitcoin because it's obvious that price of bitcoin is something that can disappoint us, I think when op created this thread was like since two years ago and the price op put in quote have not reached to that particular price currently, that is to say bitcoin has disappointed op from it's analysis of bitcoin prediction, currently tye price of bitcoin reached 74000 dollars but has decrease to the extent that the price is at 61k currently, so I don't think op assumption will manifest this year 2024

[Asuspawer09]

Probably a very low chance that the market is going to reach that market price, especially this year only, 200 in the market price is going to take a huge amount of cash that needs to be put into Bitcoin, not to mention it needs a catalyst or some sort of trigger in order to have a huge rally where the market could skyrocket on the top and break all-time high.

I would think that the price is gonna be able to reach that, it just wasn't going to be on the halving day, it's true that the halving has a huge effect on the market but it would take some time before it is going to have its effect in the after usually, it takes around a whole year before even it starts to take effect and start a huge rally of Bullrun, in my prediction the market price of the Bullrun all-time high is probably going to be around 150k$ but 200k$ seems to be doable I think.

As expected the market price started to drop down, and I think it was meant to happen on the Bitcoin halving but there were just some delays in the market movement due to high transaction fees.