Mpamaegbu
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April 27, 2024, 06:53:05 PM |
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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. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ajiz138
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April 27, 2024, 07:33:41 PM |
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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. |
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DeathAngel
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April 27, 2024, 07:51:43 PM |
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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.
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Slow death
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April 27, 2024, 11:18:03 PM |
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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 |
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Uhwuchukwu53
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April 28, 2024, 05:10:41 AM |
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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. |
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dezoel
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April 30, 2024, 09:53:23 AM |
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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. |
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_BlackStar
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April 30, 2024, 04:28:52 PM |
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-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 $100K in a few months after the halving - maybe later in the year is a good time to mention, but it could be sooner than we expect. |
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GeorgeJohn
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April 30, 2024, 05:43:34 PM |
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That's while we don't need to exaggerate much in price of bitcoin because it's obvious that price of bitcoin is something that can disappoint us, I think when op created this thread was like since two years ago and the price op put in quote have not reached to that particular price currently, that is to say bitcoin has disappointed op from it's analysis of bitcoin prediction, currently tye price of bitcoin reached 74000 dollars but has decrease to the extent that the price is at 61k currently, so I don't think op assumption will manifest this year 2024
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Asuspawer09
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April 30, 2024, 07:58:44 PM |
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Probably a very low chance that the market is going to reach that market price, especially this year only, 200 in the market price is going to take a huge amount of cash that needs to be put into Bitcoin, not to mention it needs a catalyst or some sort of trigger in order to have a huge rally where the market could skyrocket on the top and break all-time high.
I would think that the price is gonna be able to reach that, it just wasn't going to be on the halving day, it's true that the halving has a huge effect on the market but it would take some time before it is going to have its effect in the after usually, it takes around a whole year before even it starts to take effect and start a huge rally of Bullrun, in my prediction the market price of the Bullrun all-time high is probably going to be around 150k$ 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.
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