“When” Will Bitcoin Price Break $69k All Time High?

[tokyohd]

Binance CEO Changpeng Zhao believes the cryptocurrency industry is still growing despite the volatility shown in recent times. He also said the next Bitcoin all time high could be in after a while. However, he said some companies launched at the peak of the market could have difficult times going forward.

Speaking to The Guardian, Zhao made some interesting comments around the next occurrence of Bitcoin all time high. The CEO also warned that no one can predict the future of Bitcoin, stating that the next all time high could take as long as two years.

“I think given this price drop, from the all-time high of 68k to 20k now, it will probably take a while to get back. It probably will take a few months or a couple of years.”

Zhao felt the current Bitcoin price is not bad after all, admitting that the $20,000 range is relatively low. But, if people were told in 2018 or 2019 that Bitcoin could reach $20,000 in 2022, they would have been very happy, he explained.

Next Bitcoin Peak Around $420K?
Although it is not precisely clear as to when would be the next Bitcoin all time high, analysts are making strong predictions around what could be the peak. Many believe it could be around $4,20,000. Proof of Steve, a crypto investor, said the same.

“Since Bitcoin topped at $69,000, it is clear to me the next target can only be $4,20,000. There is no in between. No fire without smoke.”

Another crypto enthusiast DrNick wondered whether the next Bitcoin peak is going to be around the $4,20,000 level. Similarly, another enthusiast Rssi predicted a $420k Bitcoin peak based on the $69k top. “The BTC top was $69k. Next cycle pico top will be @420k obviously.”

Details:
https://coingape.com/when-will-bitcoin-price-break-69k-all-time-high/_Will_Bitcoin_Price_Break_%2469

[bittraffic]

I've read the article. One would really think CZ has the say when the market coukd reach once again its ATH but this time he is just making a safe prediction. He doesn't want investors to keep bugging him with his prediction like eating a dick.

It coukd be true though maybe 2 years from now could be a better prediction but this will not go sideays the whole 2 years. So there is a way to make money in the market.

[DanWalker]

As he said, it could take months, even years, no one can predict exactly when bitcoin will bounce back and surpass the old ATH . However, one thing I can assure you is that bitcoin will rise again and there will be a new ATH, but how much and when will only time tell. The most talked about prediction is probably the bitcoin halving in 2024, so let's wait until then.

[Wexnident]

I'd reckon it's going to take years before Bitcoin bounces back to ath levels. As the article said, the drop from $6k to $20k is pretty big and we're not really seeing any recovery at the moment, and I doubt we will.

The most waited time frame would be the halving season again, it's never failed before in showing that Bitcoin would hit new heights during it after all.

[SquirrelJulietGarden]

Bitcoin has a history that it always reclaims its all time high in a new bull run after a halving.

It has 10x to 20x from previous bull runs but this one is the first time Bitcoin only rises 3x from its previous all time high in 2017. I don't know anyone here still believe the bull run after halving in 2020 has yet finished.

Consider that it already finished and Bitcoin is in its bear market, the next bull run, if history won't be broken, Bitcoin will reclaim 2021 all time high $69 and make a new one. Next bull run will be in 2024, next halving, some time in 2024. New all time high will occur a few months after a halving, so it can be in late of 2024 or in first half of 2025.

[Spack17]

I agree with what CZ said. Bitcoin will never be this low in value. Likely to exceed $100k in next bullish period. However, I think it will take more than two years to reach this value. Now is the time to invest for the long term. This opportunity should not be missed.

[Poker Player]

“Since Bitcoin topped at $69,000, it is clear to me the next target can only be $4,20,000. There is no in between. No fire without smoke.”

Another crypto enthusiast DrNick wondered whether the next Bitcoin peak is going to be around the $4,20,000 level. Similarly, another enthusiast Rssi predicted a $420k Bitcoin peak based on the $69k top. “The BTC top was $69k. Next cycle pico top will be @420k obviously.”

Hi mate. You'd better fix that  $4,20,000 crap. It's just $420,000 otherwise looks confusing.

Going to the point, it is quite laughable that $420k prediction. People seem to forget that some predicted last year (the supercycle theory) that this year we would already be around that price. Then the ath was only $69 and now we are in bear market.

I agree with Wexnident and SquirrelJulietGarden that we will break that ath after the next halving, and hopefully we will be able to break the $100k mark.

[edgycorner]

The link in your post lands me on a 404 page, there's no article there.

It will definitely take more time now to reach the same height. All those who will invest, now have a first-hand experience and have been burned by its volatility.

Moving forward, everyone will now have more "realistic" gain goals. It will create a healthy supply-demand chain. But yea, healthy growth means slow growth. Probably 4~5 years from now?

[tjtonmoy]

This will be fun! let the journey begin... I don't care about 420k but I care that btc will break the ATH. take all the time you need BTC

[maydna]

I could only say WOW if the bitcoin price soars to $420,000 because that can shock many people , butBut they will be happy to see that price because they are making a big profit. But to go to that price, bitcoin needs to break every high price level, and that will not be easy as the price can fluctuate more than now. But to be clear, no one will know "WHEN" the bitcoin price will start to increase, and those people can only make their predictions and share them on their social media to attract attention.

[kryptqnick]

I remember the news of small businesses putting a lot of money into Bitcoin as their reserve funding when the price was above $50k. I thought it was way too risky, but for a while it went quite okay. Now, of course, if they need the funds and didn't take them our before the drop, they'll face great difficulties and probably won't be inclined to invest in Bitcoin anymore. Then again, they broke the rule of never investing what they can't afford to lose, so it can't really be blamed on Bitcoin. As for the peak, I think it'll indeed take time, either months or years, and that it won't be $420k because the multiplier tends to shrink with every next ATH. So I'd expect something around $100k.

[Anonylz]

In bear market there are always different predictions from different crypto analysts and none analysts. CZ is not an analyst even though he is the ceo of one of the top exchange, his statement didn't really say much because he was clearly avoiding giving false hope so that some investors will not see it as financial advice. People should focus more on how to accumulate because there will always be a new ath if we are patient enough.

[OgNasty]

March of 2025 seems about a good a guess as any. 

I am not in the camp that we'll see new highs before new lows.  I don't believe the government is going to orchestrate a soft landing, nor do I think Bitcoin is a recession proof asset.  I think a good prediction would be a low of $13K and a long period of accumulation before a runup to new highs following the next block reward halving.  Typically it takes over a year for that halving to take hold in the market, so I think that's a good estimate of when we'll be breaking back into new high territory. 

[Stalker22]

It is hard to say. It could take years before Bitcoin bounces back again to ATH levels, if it does at all. Historically, Bitcoin always reclaims its ATH in the year following the halving, which suggests that we may need to wait until at least 2024 for a new bull run. HODL is one of my favorite sayings. It describes someone who knows their position, sticks to it, and then gets really happy about the market's growth. So, yes, I believe there will be a Bitcoin boom in the future. We just have to stay focused on our strategy and think about it in this perspective.

[btc_angela]

Isn't it obvious though? I mean if we are going to look at bitcoin's past historical logs, a new ATH run starts after the bitcoin halving even. So when it is going to be? in 2024, so that is 2 years away from now. Unless there is a super cycle that others have been theorizing, but I doubt that it will happen. As for what is the peak in the next bull run, not sure, maybe it will depend on how low can we get in this bear market. It could grow 10x-??? from that.

[hatshepsut93]

Bitcoin traditionally has bull markets after a halvening. The next halvening is in 2024. So a bull market might start in late 2024 or early 2025.

I think it's naive to expect that this bear market will be short. Especially since stock market is performing so poorly and global economy is not doing great - we already know that Bitcoin is not a safe haven but a risk asset.

Of course a miracle can happen and Bitcoin could do the unpredictable and suddenly moon out of nowhere. But it would be foolish to bet on that.

[Captain Corporate]

First of all, all of that "it will be 420k" predictions are a joke. Its a play on 4/20 which is an unofficial "weed" day. This is why there is really nothing that should be taken seriously about that number at all, thats just a running joke, everyone does it and its not serious.

Secondly, CZ is right about the fact that it may take a while to recover, but that is a good thing, because it gives time to check whats going on and buy the "cheap" price of 20k right now and wait for it to go up, will it be 420k? No. But it will certainly go higher and we all know this.

Lastly, it is clear that people will try to pin the current situation on anything crypto related, but the reality is that we are all doing terrible as a whole world, no nation is surviving without damage, everything is going to sh-ts right now, so its really just a regular thing for bitcoin and crypto to be bad as well. You want to know when it will do better? Look at what regular markets are doing, when they do better, crypto will do better as well.

[adaseb]

It’s all depends on the inflation numbers. Here in Canada we had our May numbers and we were expecting 1% but got 1.4% instead. Basically a surprise and means that fed needs to be more aggressive on their hikes. We might get a .75% hike next.

This isn’t bullish for stocks or crypto. If you want a bottom or some rally in stocks or crypto you need to see inflation numbers go down first and then you go long.

So if we see deflation, that might be the bottom signal.

[Hamphser]

Bitcoin traditionally has bull markets after a halvening. The next halvening is in 2024. So a bull market might start in late 2024 or early 2025.

I think it's naive to expect that this bear market will be short. Especially since stock market is performing so poorly and global economy is not doing great - we already know that Bitcoin is not a safe haven but a risk asset.

Of course a miracle can happen and Bitcoin could do the unpredictable and suddenly moon out of nowhere. But it would be foolish to bet on that.

Cant really remove that kind of mindset when it comes to post-halving event where ATH is mainly been thinking off by most people or the entire community which i couldnt blame off considering on how many times

we've been able to witness out those bull runs that we havent even expect that bitcoins price could reach up 69k on peak price and now we had dipped down on 17k which can be signified to be the bottom

thats why impressions or the same mindset or situation that is really happening and people is really aiming for some nasty recovery on next years to come.Dont expect for ATH to be broken out easily.
There are still lots of things to be considered like news and fundamentals before reaching out that particular state.

[rhodelmabanal]

No one can tell on when bitcoin surpass the past all time high which is above 60k$,most of the expert says that it is possible that 4 years from the past all time high we will reach another all time high price, but that is still an speculation no one can really tell about the price 3 to 4 years from now.