Is Bitcoin bounce back to 60k in this year?

[lienfaye]

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

The price can bounce back to $60k, however its not certain if it will going to happen this year because we cant accurately predict the future of Bitcoin. Thus instead of wondering for the future price, I think its best to just take advantage the unstable movement of Bitcoin for your own benefit. We're still in the first quarter so there's more to look forward.

[bitzizzix]

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

The price can bounce back to $60k, however its not certain if it will going to happen this year because we cant accurately predict the future of Bitcoin. Thus instead of wondering for the future price, I think its best to just take advantage the unstable movement of Bitcoin for your own benefit. We're still in the first quarter so there's more to look forward.

Whether that happens or not, it all comes back to their respective beliefs because we have to realize that bitcoin is not easy to predict accurately and anything can happen unexpectedly.
and if we have confidence that the bitcoin price will return to that price and even more, why don't we take advantage of the decline to make gradual purchases.
and this year's trip is still too early and only three months old. So it's still a long way off and I personally still believe the price of bitcoin will return to that price and will even exceed that price.

[Farma]

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

considering the current state of affairs, I think the possibility of seeing that $60k price back is still very likely this year. well, we are still in the $41k range, and soon the price will reach $45k, and after that it slowly rises to reach the $60k range. well, however, for the short term, our current target is $45k price.

I also refer to the analysis the team from cointelegraph did. they say that the current best place for bitcoin is $46k. the current situation is quite difficult to make the bitcoin price last long above that range. however, once it is reached, I believe it will be very easy to reach $50k. this brings us closer to $60k. however, the year is still quite long, in case of a bull market, the potential to see a price of $60k, or hit a new ATH is huge.

[19Nov16]

Today Bitcoin grows positive again to $ 41800, seeing the development of the market since this March I am optimistic that Bull Run will soon occur and back to $ 60k is easy, the most important thing when the market starts to grow positively like this week is to continue buying, I will stop buying When the price is above $ 50k, because I'm sure April or May will reach New ATH again.

[peter0425]

Today Bitcoin grows positive again to $ 41800, seeing the development of the market since this March I am optimistic that Bull Run will soon occur and back to $ 60k is easy, the most important thing when the market starts to grow positively like this week is to continue buying, I will stop buying When the price is above $ 50k, because I'm sure April or May will reach New ATH again.

Backing in 60k easily? mind showing what would be the reason for this to happen? sorry but in my own views this year will be at least in stable at 30-50k and that would be the highest it can give.
there are no incoming bigger investors as the correction from those who taken their profits from  long term holding  had been waiting for the correct timing of buying back so maybe we will take at least this year or the next before seeing them back in action for bitcoin.
and also they might be playing their funds in altcoin for now as this is more faster rolling than bitcoin.

[Reid]

Anything is possible but given the economy of the world due to the war that is happening then add the new Covid variant, I think that a bull will not be an easy thing to happen. World events do effect the demand and if people are starving who would even think about investing their money in Bitcoin.
All I could see is businessmen who will take advantage of this and we are not sure if Bitcoin is in the corner of their mind to invest with.
$60k is possible, I am not losing hope about that, but assurance that it will be this year is blurry.

[Oasisman]

Today Bitcoin grows positive again to $ 41800, seeing the development of the market since this March I am optimistic that Bull Run will soon occur and back to $ 60k is easy, the most important thing when the market starts to grow positively like this week is to continue buying, I will stop buying When the price is above $ 50k, because I'm sure April or May will reach New ATH again.

That kinda optimistic approach.
Most people are not too bullish this year. The market needs consolidation somehow before Btc rally back to a new ATH. That I might be certain in the 4th quarter of this year or maybe next year.
The highest I can predict this year might be $45k-$50k, and after that the whole year might revolve around $35k-$40k.

[Baofeng]

Anything is possible but given the economy of the world due to the war that is happening then add the new Covid variant, I think that a bull will not be an easy thing to happen. World events do effect the demand and if people are starving who would even think about investing their money in Bitcoin.
All I could see is businessmen who will take advantage of this and we are not sure if Bitcoin is in the corner of their mind to invest with.
$60k is possible, I am not losing hope about that, but assurance that it will be this year is blurry.

And that is the keyword, blurry or the chance are very slim. We have somewhat pushed the boundaries already, we've reach all time high last year and we have top the price.

So we could assumed by now that there will be no bull run or at least the price hitting $60k because it will take enormous money. And since the world is at war, investors are somewhat reluctant and will wait till everything has settled down.

[stepwilli]

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

It's hard to make predictions for bitcoin at the moment, the market is in negative support for every coin in existence, but on closer inspection, bitcoin hasn't bottomed out for now, that correction doesn't signal bitcoin is getting out of the way of price stability, I'm sure for years this bitcoin will return at the price of 60k or even more, but not sure what month it takes, my estimate is mid or end of the year bitcoin will return to normal

The bottom price was around 30k or so and we have reached that low enough already not too long time ago. That should be the case for bitcoin to be low and I doubt it would go any under that. The problem is that whenever we have a hype, the price clearly goes up, and not in a small and slow fashion neither. It goes up a lot and we all can see it and that is how we will approach to it.

If we end up with something that is worse, then it usually is a bear market, but if we see a slow increase, that is not bull market at all. During the bull market, we do not just go up like 10% and call it a bull, it goes up 10% or more for many days in a row and that is what makes it a bull run.

[Rockstarguy]

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

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Nobody knows if bitcoin price will reach 60$ but its still possible for bitcoin price to reach that amount.  But sometimes prediction bitcoin price is kind of funny because what is been predicted can be an imagination of the mind .

[Fredomago]

Anything is possible but given the economy of the world due to the war that is happening then add the new Covid variant, I think that a bull will not be an easy thing to happen. World events do effect the demand and if people are starving who would even think about investing their money in Bitcoin.
All I could see is businessmen who will take advantage of this and we are not sure if Bitcoin is in the corner of their mind to invest with.
$60k is possible, I am not losing hope about that, but assurance that it will be this year is blurry.

In times like this, businessmen who understand how to play inside the market are the ones who can generate a decent amount of profits. I see your point and it's valid that due to the current events, it can influence the direction of this market. Tough to call for that target this year indeed, most investors are good observer, if they see stagnant market it won't be easy to convince them to bring their money inside, they will wait and take every advantage that they have before they will ride with the trend.

[tabas]

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

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Nobody knows if bitcoin price will reach 60$ but its still possible for bitcoin price to reach that amount.  But sometimes prediction bitcoin price is kind of funny because what is been predicted can be an imagination of the mind .

Many believe in the cycle of bitcoin and if there are people who are believing in the cycle, then that also means that it's possible. In the past, we've got ATHs too such as $20k.
It was surpassed when the bull run came and we're able to get to $60k. And these days, halvings, mainstream and other factors have been a greener pasture for bitcoin and if we go into another bull run, the likelihood of it surpassing $60k is possible.

[DoublerHunter]

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

^ No one can really tell the truth but I think and doubt it will. BTC has gained too much awareness and I think it would create a massive adoption since they know that BTC was a good currency that an alternative to our fiat currency. So possible BTC will reach again another ATH this year, probably most closely at the end of this year. However, if you will analyze it very well, BTC's price will surely increase because of its demand, even sanctioned countries are now using BTC.

[Oceat]

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

^ No one can really tell the truth but I think and doubt it will. BTC has gained too much awareness and I think it would create a massive adoption since they know that BTC was a good currency that an alternative to our fiat currency. So possible BTC will reach again another ATH this year, probably most closely at the end of this year. However, if you will analyze it very well, BTC's price will surely increase because of its demand, even sanctioned countries are now using BTC.

I don't want to burst your bubble but I don't know if there's demand to the sanctioned country since I don't feel like the market is moving like what we get to used before. It seems that the market is not following the trend or somehow maybe lots of traders are doing trade that's why the market seems to bounce back-and-forth.

If this hype about Russia or Ukraine using Bitcoin to protect their wealth is true then why is the market isn't moving? Should we wait another more months before we reached a new ATH or more years instead?

[romero121]

According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.

[cryptomaniac_xxx]

According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.

But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.

[7788bitcoin]

~
But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.

We can interpret the data in a different view point, in volatile times you never know there are institutional institutions or even government institutions purchasing huge number of coins in case there is a huge inflation looming in their country. Anything is possible and it is hard to analyze those things unless the centralized exchanges provide the data for everyone to see about who is making these huge withdrawals.

[Fredomago]

~
But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.

We can interpret the data in a different view point, in volatile times you never know there are institutional institutions or even government institutions purchasing huge number of coins in case there is a huge inflation looming in their country. Anything is possible and it is hard to analyze those things unless the centralized exchanges provide the data for everyone to see about who is making these huge withdrawals.

If that's possible to view, it will cause huge movement inside the market. Surely it won't be shared. Maybe rumors will come up, but it's still depends on how each traders and investors anticipate the market. If they are capable of doing good analysis, the chance of making a decent amount of money is possible for them.

Just like how you describe it, anything is possible. It will only our own assessment and our own decision making. The side that we will anticipate will direct our way to any possible outcome.

[wxa7115]

According to the on-chain data there is good demand with bitcoin. The same has caused supply shock on the bitcoin exchanges reserve. This is true indication of the market towards a bullish trend. From the whales and the large scale institutional investors there is good outflow of bitcoin from CEX after a long term accumulation have reached this bull trend in the market. Soon the BTC exchanges reserve too gonna reach the ath of 2018 market. For all this reason there is good chance of bounce back.

But that's just one side of the equation, of course the demand is always there but on-chain data could be interpreted in difference ways specially bitcoin being withdrawn from exchanges. It could be that they want to secure it and put it in their wallet for long term. Or institutional investors buying a ton from exchanges. So still we don't know if we are in a bullish situation or not or just the normal thing to do for whales and retail investors, remove their bitcoin from centralized exchanges.

This is why 100 people can take a look at a chart and each one will have their own opinion about what is happening in the market, it is true that we have seen a decrease in the number of bitcoins that exchanges have at their disposal for a long time, but what does this means?

Depending on the circumstances surrounding the market all kind of explanations are possible, after all with the war at Ukraine it would make sense that Russian investors are getting their coins out of exchanges as a way to protect themselves from the possibility of those exchanges confiscating their coins, and I do not think such a thing in the case of being true is either bullish or bearish.

[Chato1977]

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

chances are , but never put yourself just longing for this because you might end up losing more.

only buy what can you afford to lose as this is the reality of life .

but one thing i am sure here that bitcoin will make another ath in 2025.