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

[Nrcewker]

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.

Yes i too agree on you.
The main fact is that no one has really seen the future. What we can really do is just estimate the price based on observations and calculations.
I don’t think it will take 2 years for BTC to touch the 100k usd mark.
I mean if anyhow the demand for BTC increases, then ultimately the price will increase only.
All now is required to break the resistance where Bitcoins are currently suffering and come out of it.
Nevertheless let’s hope the best and let’s see what happens next.

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[Lucius]

“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.”

For this statement, if it is really translated correctly, we should give the Nobel Prize, because behind such a clever statement there is certainly a science that has opened our eyes and will make us rich. The article is bad, the OP doesn't even understand the basic numbers, and CZ is talking nonsense at the level of an elementary school child - although there are a lot of smarter young people there who would say something more meaningful than him.

[aoluain]

“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.

Yea I think the general consensus is that we will be breaking the ATH after the next
halving. $420,000 is very optimistic and if we think back to  the prediction on the last Bull
run to be at least $100,000, we can take the new prediction of $420,000 with a
pinch of salt, I'm sure we would all love to be wrong though.

Also bear in mind theories and expectations have been broken before. Up to this cycle
the market has never gone below the previous ATH, last week that record was broken.

With the Bitcoin market, anything can happen!

[barbara44]

“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.”

For this statement, if it is really translated correctly, we should give the Nobel Prize, because behind such a clever statement there is certainly a science that has opened our eyes and will make us rich. The article is bad, the OP doesn't even understand the basic numbers, and CZ is talking nonsense at the level of an elementary school child - although there are a lot of smarter young people there who would say something more meaningful than him.

I guess it is not really a reasonable approach because it is not giving any definite date, but at the same time why take a risk and say a date that will get bitcoin back up again, he just said something superficial which will be right eventually. So, he is right that it will take a few months to a few years, and it is something we all know, so he is right.

Yes, it is not a great sentence and yes it is something even a child knows about, but that doesn't mean that he should have taken a risk and say something like "bitcoin price will break over 30k on November 23rd" or something, that would be the wrong thing to say and that is why he avoided something like that and said something a child could say to stay out of trouble.

[Lucius]

Yes, it is not a great sentence and yes it is something even a child knows about, but that doesn't mean that he should have taken a risk and say something like "bitcoin price will break over 30k on November 23rd" or something, that would be the wrong thing to say and that is why he avoided something like that and said something a child could say to stay out of trouble.

Sometimes it's better to keep quiet than to say something stupid, but rich people can afford to talk nonsense because obviously no one will blame them. There is nothing disputable when someone says that the new ATH will be in a few years, but that the same thing can happen in a few months at a time when we are closer to a new bottom is reckless and stupid.

Maybe CZ hopes that the spot BTC ETF will finally be approved in the US, or he just wants to bring optimism to the market because his job is suffering, but I never considered it important in the sense that his statements should be taken seriously.

[doomloop]

The main fact is that no one has really seen the future. What we can really do is just estimate the price based on observations and calculations.
I don’t think it will take 2 years for BTC to touch the 100k usd mark.
I mean if anyhow the demand for BTC increases, then ultimately the price will increase only.
All now is required to break the resistance where Bitcoins are currently suffering and come out of it.
Nevertheless let’s hope the best and let’s see what happens next.

Not estimating but predicting and most predictions that I see are based on the past events of btc but me either I think that 2 years for 100k is too long already but 1 year of max waiting would be enough for it. 2 years from now there is a halving event and the price is said to increase in a different level. By that time, we could be seeing another new ath next to 100k but anyway, we are currently in a bear market and the demand is supposed to be higher than usual but it's only surprising why the price cant catch up.

Till now, there is only small relief that we feel but that's better because at least the panic and fear have subsided a little. People's trust are slowly gained once again.

[dragonvslinux]

If the 4-year cycle remains in tact, which is difficult to confirm unless price reaches a new ATH prior to 2025, then I'm inclined to believe we won't see a new ATH before 2024 now the bear market has been confirmed. But I still think it's likely we'll see prices return to $50K-60K sometime late this year or next, before consolidating between $25K and $50K for at least a year. 

However given the bull market momentum ended in May 2021, and price reached the 200WMA within 7 months of ATH (as opposed to 1 year), it could very well be different this time around.

[palle11]

But I still think it's likely we'll see prices return to $50K-60K sometime late this year or next, before consolidating between $25K and $50K for at least a year. 

This price prediction may not happen this year at least not up to $50k and if that didn't happen this year we are seeing next year which is a year before halving. History also has it that during the time close to a new halving, market price goes bear. Except that next year is going to bull before halving but I think $50k is not easy to show up in near future.

[dragonvslinux]

But I still think it's likely we'll see prices return to $50K-60K sometime late this year or next, before consolidating between $25K and $50K for at least a year. 

This price prediction may not happen this year at least not up to $50k and if that didn't happen this year we are seeing next year which is a year before halving. History also has it that during the time close to a new halving, market price goes bear. Except that next year is going to bull before halving but I think $50k is not easy to show up in near future.

This is exactly why I see $50K as more than realistic right now. Just like in 2019 when many would have thought $14K to be completely unrealistic, it happened, because that was the expected retracement within a bear market (61.8%) before another low. Currently, with a low of $17.5K, the expected (and equivalent) bear market retracement would be $49.5K. If price drops to $12K, the target within a bear would still be $47.5K.

Whether you see you a bull market or bear market this year or next to me is irrelevant to how far a dead cat bounce can take price before continuation of a bear market, whether that means a lower low or not.

[Sir Legend]

Nothing is difficult if the market skyrockets like what happened in 2021, the small thing that makes me believe that 2022 will pass ATH 2021 is the transaction volume that continues to increase and there is a large transaction volume when the price drops below $20k, this is proves that bitcoin is still a good and promising place for us to make an alternative investment.

[a1 Hashrate LLC2022]

"70k in may I guarantee it"


was my post and it was deleted


So I stand by that post and will repeat it.


"70k in may I guarantee it"


my pm said I was deleted. Don't know why.

As 70k in may is not off topic.

[TimeTeller]

Nothing is difficult if the market skyrockets like what happened in 2021, the small thing that makes me believe that 2022 will pass ATH 2021 is the transaction volume that continues to increase and there is a large transaction volume when the price drops below $20k, this is proves that bitcoin is still a good and promising place for us to make an alternative investment.

The hope is always there as the adoption is still growing.
Be very worried if people are not talking about bitcoin anymore.
But since the market is growing as well as the users, there is still hope that one day we will reach or break the ATH.
However, we don't know when will that happen. So while waiting, look for options on how to increase your portfolio.
But that is, if you truly believe that this market has good future. If not, it is your own decision how to attack this market.

[Lanatsa]

Nothing is difficult if the market skyrockets like what happened in 2021, the small thing that makes me believe that 2022 will pass ATH 2021 is the transaction volume that continues to increase and there is a large transaction volume when the price drops below $20k, this is proves that bitcoin is still a good and promising place for us to make an alternative investment.

The hope is always there as the adoption is still growing.
Be very worried if people are not talking about bitcoin anymore.
But since the market is growing as well as the users, there is still hope that one day we will reach or break the ATH.
However, we don't know when will that happen. So while waiting, look for options on how to increase your portfolio.
But that is, if you truly believe that this market has good future. If not, it is your own decision how to attack this market.

Investment on bitcoin could neither be on long term or short term but this would really vary on someones target and there are people who do tend or mind off about diversification because we know that every investment

doesnt really give out guarantees for it to succeed in the future.We cant even know if Bitcoin would be still existing on next 10 years or already been replaced by some top altcoins in the market which we cant know.

Thats why when making out investment then always mind off about particular risk and not to go all in just because its been on the top.Future isnt assured thats why always having a back up plans
is suggested and diversify as much as you called just because in case things turns out to be sour or salty then you do still have that chance on recovery.

[bitterguy28]

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.

after a while, that us a big word because A while means nearer?

well coming from a CEO of biggest exchange now is not new because the very first one to benefit from this news are those exchange like them so expect this to come from here and there.

and breaking the ATH is hard to listen when it says near because we knew that the falling market will stay longer than we expected now.

[proudhon]

Oh, this is easy. The price won't break $69k anytime in the next 5 years at least. By the time the price does reach $69k again, a base model Toyota corolla will probably cost more than that. In other words, there is no reliable long-term future where anyone builds wealth with bitcoin from here on. That's been proven by facts.

[crwth]

That 69 420 aim is just really something that makes me laugh. Maybe all the significant numbers around the cryptocurrency market would be hit. After 420, it would be 666??

Having said all that, no one can know the future and wouldn't know the other coins' perspective because it somehow impacts BTC price because they are the ones inviting the new people over as well.

It is still the start; we just have to wait for it. Even CZ cannot predict it.

[TravelMug]

That 69 420 aim is just really something that makes me laugh. Maybe all the significant numbers around the cryptocurrency market would be hit. After 420, it would be 666??

It's probably just a random numbers, perhaps just wanted to predict higher than the last all time high.

Having said all that, no one can know the future and wouldn't know the other coins' perspective because it somehow impacts BTC price because they are the ones inviting the new people over as well.

It is still the start; we just have to wait for it. Even CZ cannot predict it.

And that's what makes crypto market very exciting, we don't know what the future holds. You just buy in the bear market and hold and hope that something big will happen in the next bull run. And it's going to be worth that wait when we see a price like in the 6 digits.

[crwth]

~snip

It's probably just a random numbers, perhaps just wanted to predict higher than the last all time high.

That's not random numbers if you know the culture of it. Most of the internet personalities and even Elon Musk have always been saying 69 420 in his tweets etc. It's just that meme type of humor thing that everyone likes and just posts for laughs. It would be fun to make true though.

~snip
And that's what makes crypto market very exciting, we don't know what the future holds. You just buy in the bear market and hold and hope that something big will happen in the next bull run. And it's going to be worth that wait when we see a price like in the 6 digits.

I think it's always going to be a minimum of 3 years or something. I thought of this because of how long should people would hold to profit.

[xSkylarx]

I think it would be 2025 after the next halving by 2024. Based on the previous market cycle, bitcoin breaks its ATH a year after its halving. 2020 was the last halving and it went to $69k in November last year, it reached $20k in 2017 which is also an ATH after the halving on 2016. So this is the perfect opportunity to buy and hold it until 2025, I'm pretty sure many millionaires will be born on that year if they start accumulating now.

[yhiaali3]

It will certainly be years, not months, my prediction is that ATH will happen after the next halving of Bitcoin, meaning after 2024, because this is what usually happens after halving, the mining rewards fall and therefore the amount of Bitcoin entering the market decreases and demand increases, but no one can predict the future accurately because Things may happen that lead to major changes in the global economy such as the current recession and inflation that lead people to buy Bitcoin as a hedge and thus could lead to Bitcoin rising to new highs, and maybe the opposite also happens.