Is Bitcoin bounce back to 60k in this year?

[Erumo]

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

[wxa7115]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

It is difficult to make any prediction for the rest of the year as the war at Ukraine is dominating everything, if the war were to end shortly then I think some of the uncertainty around the world will go down and we could see a slow recovery from most markets, which could allow us to reach a new ATH during the end of the year.

But if the conflict continues then there is always the possibility that it escalates and becomes even bigger, and in that scenario I do not see bitcoin reaching a new ATH during this year.

[goaldigger]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

There’s still a chance as we continue to hope that the war will end this year and the market will start to recover again because the price becomes more volatile as the panic continues in the market, many are trying to sell their holdings because they are afraid for the worst case scenario especially if war outside Russia and Ukraine begin. Bitcoin will still rise, this is our best option if inflation continues to rise, just lower your expectation for this year and be ready for volatility, $60k are still possible with Bitcoin this year.

[Eternad]

In my opinion, to reach the price of $60k again, of course it will take a few more bull runs in the price of Bitcoin.
And of course also not in that fast time even though it rises again it may last up to $50k at most.
But for 2023 it could be bitcoin reach that price.
We also don't know what news we will hear about bitcoin in the future.

We didn’t expect to see the price of bitcoin high last year so there can still be a possibility depending on what may happen in the economy of the world, or when wars end or if there will be a hype in the market. It’s still too early to predict since we are only ending the 1st quarter of the year and many things still cam happen out our control.

[Stalker22]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I see no reason why not. The year is still young.

Take a look at last year's chart:


BTC price is has always been volatile and it will always be. This is not something new.

[GeorgeJohn]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

All what we are rendering is assumptions prediction speculation of cryptocurrencies and especially bitcoin, if i said yes from my observation, automatically it may be valid or it might not be valid due to bitcoin regulations is independable, so our speculation over bitcoin increment is not sure that Bitcoin price will go more lesser in price or it will accelerate to the extent of getting rid to sixty thousand (60k) or below that this year.

[btc_angela]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I see no reason why not. The year is still young.

Take a look at last year's chart:


BTC price is has always been volatile and it will always be. This is not something new.

True, but what about the bear cycle though?

There are speculators who are making a lot of noise and saying that we are in a bear market already, so it might take some time for the price to rise up.

Better be ready for this, otherwise for newbie gamblers it will be a rude awakening about the truth of bitcoin market (bear/bull cycle).

[Fundamentals Of]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I see no reason why not. The year is still young.

Take a look at last year's chart:


BTC price is has always been volatile and it will always be. This is not something new.

True, but what about the bear cycle though?

There are speculators who are making a lot of noise and saying that we are in a bear market already, so it might take some time for the price to rise up.

Better be ready for this, otherwise for newbie gamblers it will be a rude awakening about the truth of bitcoin market (bear/bull cycle).

Yes, I think we are already in the middle of the bear market right now. The price of Bitcoin is not even hitting $40,000. If you look at the chart for the past 5 months, Bitcoin is already at a much lower point now. This to me is a sign that we are in a bear market. There is a little recovery every now and then which brings us back to $40,000 and even higher but then it doesn't hold long. It's just a matter of time before it goes back to the $30,000 level. So this is the bear market. The bull market is not yet happening within the year. The moment it happens, $60,000 is an easy target.

[Marvell1]

We've gone through 2021 with an ATH of 68K and the market has started going down late 2021 so far, there is still no positive sign that bitcoin will rise again. So we shouldn't expect too much this year.
I hope bitcoin will not fall too deep and there will be surprises as we never know what the market will be like tomorrow.
Just hold the bitcoin firmly and do not sell under any circumstances. We will soon see the bull season return.

[traderethereum]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I'm still not sure if it's time for bitcoin to rise or bounce back to $60k but bitcoin still has a chance to bounce back to $60k this year.
Whereas we don't know when it will happen and just predict and hope that it will come again soon.
I think bitcoin's journey back to $60k is still a bit long because the price is still in the $39k-$49k range and is still going up and down several times a day.
So I feel better enjoying the moment while trying to have a good time buying and selling.

[LogitechMouse]

After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?

I want to be optimistic this year but I can't because I believe in 4 year cycles and it seems like its happening though it wasn't as harsh as 2018 where everything is a freefall at that time.

On the other hand though, I'm not disregarding the possibility that $60,000 might be reached again for Bitcoin but the chances of it to happen right now is low. Anyway we are at the 1st quarter of the year still and there are 3 quarters to come. We might see a positive news that might affect the market as a whole but as of now, I don't see it going to $60,000 this year but maybe from a range of $30,000-$50,000 or it might go even lower than $30,000.

[19Nov16]

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

I've had a bad cycle every 4 years, 2014 and 2018, and it seems a sign to repeat the cycle soon in 2022, the thing that makes me optimistic about bitcoin is that more and more large companies continue to buy bitcoin so that bitcoin will continue to increase in demand in the world. the market, and for 2022 I'm optimistic it won't drop like 2014 or 2018, maybe we'll be in the $35k range.

[Dart18]

Yes, it's possible. All we need is another billionaire.  
The diversion of money is the challenge. NFT have billions of dollars being invested in it. Then, there's the altcoins. How about Ethereum? They are on update to POS but there are buyers.
XRP? With a case in SEC being resolved investors are still purchasing.
It will be hard for one crypto like Bitcoin to be back on demand when the options are broad individually. Some expects high risk, high profits while it became lesser for those who will stick with less risk, less profits, long term.

[justdimin]

In my opinion, to reach the price of $60k again, of course it will take a few more bull runs in the price of Bitcoin.
And of course also not in that fast time even though it rises again it may last up to $50k at most.
But for 2023 it could be bitcoin reach that price.
We also don't know what news we will hear about bitcoin in the future.

I am not even sure if we should reach 60k just yet. Right now we are in a period where things do not look that great for anything in crypto. If we keep focusing on making it possible for all of us to make money then we will not learn anything about the bear period. Longer we are around these prices means the longer we will make a profit and I feel like it should not be really too much of a big deal.

I get that it is something we should not be refraining from, get a high price is a great feeling, but learning to survive the low prices are as equally as important as making profit. If we only focus on the profit part, we will never survive the bear markets.

[Erumo]

Yes, it's possible. All we need is another billionaire.  
The diversion of money is the challenge. NFT have billions of dollars being invested in it. Then, there's the altcoins. How about Ethereum? They are on update to POS but there are buyers.
XRP? With a case in SEC being resolved investors are still purchasing.
It will be hard for one crypto like Bitcoin to be back on demand when the options are broad individually. Some expects high risk, high profits while it became lesser for those who will stick with less risk, less profits, long term.

You want billionare to give each bitcoin holders difference between 60k and current price? One billionaire wont be enough to satisfy everyone.

I find it hard for bitcoin to reach 60k, as there are people who want price to grow, and opposite them are people who want to buy bitcoin as low as possible. While they fight with each other, we wont see new ATH.

[jaberwock]

In my opinion, to reach the price of $60k again, of course it will take a few more bull runs in the price of Bitcoin.
And of course also not in that fast time even though it rises again it may last up to $50k at most.
But for 2023 it could be bitcoin reach that price.
We also don't know what news we will hear about bitcoin in the future.

Not bull runs but recovery or price increase because a bull run is a massive increase in value and one is enough for the price to reach 60k or even more than that. If many bull run occurs, we will be in the 100k already and above but a bull run is hard to come , much more if it's many bull run? I think the chance for it to happen is 0.1 over 10000 (0.1/10000).

In terms of news, there's only two of them. One is a good news and one is a bad news. It is the good news that makes btc price rise or it is already have risen before the news came out while the bad news can affect its growth but no worries because it won't stay like that, the future of btc is already secured to be bright. Im 101 percent sure about it.

[palle11]

I still remember that in early 2021 the bitcoin price was still under $30k, and the price continued to skyrocket so that it could reach new ATH last april last november which reached around $69k, currently bitcoin price is around $40k and we still have a lot of time to see bitcoin bounced back to $ 60k even I'm optimistic that I can make new ATH again.

I think in early 2021 the price was around that but within the second quarter and third quarter it went very high. Bitcoin price has moved far from the last bear in 2020 that it was trading below $5,000 but yesterday, today too the price has gone to $41k. This is positive since it is fluctuating between $41k and $40k for a week so far.

[bitgolden]

I am not even sure if we should reach 60k just yet. Right now we are in a period where things do not look that great for anything in crypto. If we keep focusing on making it possible for all of us to make money then we will not learn anything about the bear period. Longer we are around these prices means the longer we will make a profit and I feel like it should not be really too much of a big deal.

I get that it is something we should not be refraining from, get a high price is a great feeling, but learning to survive the low prices are as equally as important as making profit. If we only focus on the profit part, we will never survive the bear markets.

We do not really need to learn more about bear period to be fair. I mean sure there are some accumulation phase where we could make some money during this period if we accumulate more crypto, and then when the price goes up then we can sell.

However, this doesn't mean that accumulation phase of today should be going on too long so we can learn what bear market means, we know what it means and people like me are fine with it. It allows us to get more crypto and earn more later and that's it, that is the all lesson we need to learn. At the end of the day, there is a good case to be made for this period to be over already because people already accumulated enough.

[Silberman]

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

Without a doubt it is going to be difficult, after all when the pandemic first started it had a negative effect on bitcoin but since we were on the bullish part of the 4 year cycle bitcoin was able to overcome the pandemic and grow incredibly fast, however now we are on the ranging or bearish part of the cycle and as such it is going to be way more challenging for bitcoin to recover even if slowly the measures against the pandemic are being phased out and the war were to end in a short period of time.

[carlfebz2]

Do you think end of war will cause economy to restart, market would change direction and Bitcoin price would start to conquer new peaks? It will months to realize consequences, months to calculate losses, years to recover. Whereas we havent recovered from endless covid crap. And dont forget "Bitcoin 4 year cycle" theory. It has just started. Dont expect price recovery this year.

Without a doubt it is going to be difficult, after all when the pandemic first started it had a negative effect on bitcoin but since we were on the bullish part of the 4 year cycle bitcoin was able to overcome the pandemic and grow incredibly fast, however now we are on the ranging or bearish part of the cycle and as such it is going to be way more challenging for bitcoin to recover even if slowly the measures against the pandemic are being phased out and the war were to end in a short period of time.

This pandemic situation might already come into end and we might be seeing  some another rise up on the market but its not an assurance thing because come to think that this isnt the only news and events on

where economy is been affected specially on this war situation even though fundamentals arent really that making that effect precisely but its not bad to presume that it does.

People do mostly look on the events happening around thats why we couldnt blame out on why we do really hesitate and have that hindrance.