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Author Topic: What is the possibility Bitcoin will rise before the end of the year ?  (Read 749 times)
yazher
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July 20, 2022, 07:22:14 AM
 #21

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.

This year is probably different from last year because we already passed the time of bitcoin halving where when you based on its history, one year after it always comes a bull run. Right now, we don't have that reason anymore so the chances are low except if something miracles happen and the reason surprisingly increase the price again rapidly in just a week or a month. In this kind of market, anything could really happen, and sometimes bitcoin's price always gives us a surprise in a positive way whenever we less expect it.

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July 20, 2022, 07:37:06 AM
 #22

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.

Very good prediction last year, I hope you made a lot of money from it. It seems you have a good feeling for the crypto market, why not trust your own intuition this year again? Listening to other people can be helpful sometimes but it is still only a prediction, and if it goes wrong than we hate ourselves for listening to other people. I prefer to take other people opinion into consideration, just not to trust blindly other people. To me it seems that the bitcoin is already in a recovery state, the price recovered a lot since his lows this year. Right now BTC is up 15% within the last 4 weeks. I would still advice to hold bitcoin because the price will likely keep rising after the summer break, and it's still cheap to buy bitcoins compared to last year.

He has only 15 posts here and there is not a single word about prediction he is talking about, so I doubt that he has made a fortune from buying low. If he is so good at making prediction, then why is he asking if Bitcoin would rise this year?

My opinion about Bitcoin price by the end of this year is rather pessimistic. Of course the price will be higher than this year lowest price, but I dont expect a huge increase, as I expect inflation or financial crisis this Autumn due to increase of natural resources prices.

 
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July 20, 2022, 08:16:42 AM
 #23

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin ATH is above $64k. You also said that you predicted the price increase last year, you could use the same method to predict again this year. But it is not always easy, correct or advisable to keep predicting bitcoin price in short term. You will get it wrong or get deceived. Always look at the long term target and make your investment. You can only focus on the short term if you are a day trader who needs the chart every time to place trades.

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Henrobakkara
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July 20, 2022, 08:53:59 AM
 #24

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.

Very good prediction last year, I hope you made a lot of money from it. It seems you have a good feeling for the crypto market, why not trust your own intuition this year again? Listening to other people can be helpful sometimes but it is still only a prediction, and if it goes wrong than we hate ourselves for listening to other people. I prefer to take other people opinion into consideration, just not to trust blindly other people. To me it seems that the bitcoin is already in a recovery state, the price recovered a lot since his lows this year. Right now BTC is up 15% within the last 4 weeks. I would still advice to hold bitcoin because the price will likely keep rising after the summer break, and it's still cheap to buy bitcoins compared to last year.

He has only 15 posts here and there is not a single word about prediction he is talking about, so I doubt that he has made a fortune from buying low. If he is so good at making prediction, then why is he asking if Bitcoin would rise this year?

My opinion about Bitcoin price by the end of this year is rather pessimistic. Of course the price will be higher than this year lowest price, but I dont expect a huge increase, as I expect inflation or financial crisis this Autumn due to increase of natural resources prices.
I noticed this too and decided to go check but saw nothing of sort or maybe OP made that prediction to his/her friends outside this forum  Anyways, the Bitcoin price can go any which way just look at what happened around Jan this year when Bitcoin dropped to around $33k+ and later went up the next month Feb to around $45k+ and continued on this up-down and even got up to $48k+ in march before April brought the free fall all the way to $17k+ so, the market might be seeing these few ups and downs in price but I don't think it is time to see a big push upside yet.


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July 20, 2022, 09:39:57 AM
 #25

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.

With technical analysis a good analyst/ trander would be able to predict the future price of Bitcoin base on probably but not certaintity.
Good you predicted last year bull run perfectly, so I suggest you should stick to the strategy that works for you , with that you can equally predict the price of Bitcoin this time using same strategy, Since Bitcoin came into existence is has always been giving us suprises base on the price because the market involves speculation.
In my general view of the market, Next Fed meeting is going to have a significant impact on the price of Bitcoin , fundamental is in charge of all the markets right now both the stocks market, forex and the Cryptocurrency market due to uncertainty , Until the fundamental holders of Bitcoin starts getting stronger that's when I think the market is gonna turn around,  Then we can expect more increase in the price of Bitcoin towards the end of the year.

 
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July 20, 2022, 09:51:12 AM
 #26

The news about Celsius going bankrupt and Russia getting anti-crypto again were supposed to cause more FUD, but the Bitcoin price actually went up a little bit, which is weird. I expect a global recession to strike in the second half of 2022. This means that the crypto winter would most likely continue for the next year and a half of maybe 2 years. The BTC price might increase temporarily to levels above 20K or even 25K, but there won't be enough bullish momentum to push the price up to 30K-40K. The greed and optimism on the crypto markets cannot reach the 2017 or 2021 levels. Just HODL and enjoy your life. There won't be any reason to keep an eye on the Bitcoin price everyday in the upcoming months.

I think it is just the tiredness from sellers,,, and a renewed interest from buyers. I do think it is weird but perhaps they are all expecting some bad news coming end of this month and would like to stage Bitcoin at a more safe level to survive a drop that will happen. Dropping 20% from 23k will not create a new low for 2022, whereas dropping 20% from 20k will.

This is just how I see it!

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July 20, 2022, 10:44:28 AM
 #27

it is very difficult to predict the price of bitcoin at the end of the year. but I think now is the time to buy bitcoin. and I think the bear market is coming to an end. and will turn into a bull market.
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July 20, 2022, 12:07:36 PM
 #28

We cannot predict the future and make sure about what's going to happen even in a few hours especially when we are talking about the bitcoin and cryptocurrencies, but according to what we can see on the charts there is still not a valid signal to say the bearish market is over and we are going to see bitcoin rise until then the market is bearish and even any uptrend price movement can be just a correction to reach lower levels. But still, as I said, that's pretty much unpredictable and we can even see the trend change during this month or sooner, none knows.

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July 20, 2022, 01:17:34 PM
 #29

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.

When people say they predicted about bitcoin and it goes as they said doesn't really mean your analysis actually works as you plan but you did actually speculate about it and due to fomo, it went up as planned. If you are so sure about predictions you will have seen it coming that the Bitcoin under LFG reserve would have caused a lot of damage to the market, and you would have seen the CPI increase coming.
There are going to be a lot of people making some noise about the market as we have had little pump after many weeks of higher low but it is a normal thing that market always bottom to the top after many dips of the candle stick, keep holding and buying at every opportunity. Don't forget to keep the goal long-term.

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July 20, 2022, 01:41:26 PM
 #30

In the short term, no one can give an accurate prediction to what direction the market would take with any precision; it's just a gamble.
Perhaps the OP was fortunate to correctly predict bitcoin growth last year, and I hope that he has also benefited from it.
In the longer term, I can speculate that Bitcoin would be much higher than it is now, within the next 1-10 year time period. The price increase could  be a 5×, 10×, 20× or more from now (I prefer to be conservative with my speculations).
This long term potential for growth is what investors should target, and you will be bothered less by short term volatility.

The long-term future does not require to speculate, but we can say with certainty that bitcoin will grow a lot x5, x10, even x100 depending on its popularity and demand at that stage. There is no doubt that bitcoin will grow in 10 years, 15 years, but investors are not interested in holding for that long. Due to their desire to get rich fast, short-term volatility always frightens them.

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July 20, 2022, 02:25:38 PM
 #31

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin will rise again but i am not sure it will happen this year or next year. But it looks like it will take a long time.  It will probably behave like 2017-2021. But it is true that at the next pump Bitcoin may cross $100 000. It may even be more. So now is a perfect time to hold on to Bitcoin. it is not a financial advice.

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July 20, 2022, 10:56:54 PM
 #32

In the short term, no one can give an accurate prediction to what direction the market would take with any precision; it's just a gamble.
Perhaps the OP was fortunate to correctly predict bitcoin growth last year, and I hope that he has also benefited from it.
In the longer term, I can speculate that Bitcoin would be much higher than it is now, within the next 1-10 year time period. The price increase could  be a 5×, 10×, 20× or more from now (I prefer to be conservative with my speculations).
This long term potential for growth is what investors should target, and you will be bothered less by short term volatility.

The long-term future does not require to speculate, but we can say with certainty that bitcoin will grow a lot x5, x10, even x100 depending on its popularity and demand at that stage. There is no doubt that bitcoin will grow in 10 years, 15 years, but investors are not interested in holding for that long. Due to their desire to get rich fast, short-term volatility always frightens them.

if he was not correct with his prediction, i don't think he will share it with others. so yeah, he just got lucky with his prediction, and if he believed about such prediction, he should have done something to profit in that situation. we can always speculate because everyone can. but not everyone is doing something to gain from his speculation.

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July 20, 2022, 11:13:19 PM
 #33

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Most of the predictions ended wrong and you are lucky that you have predicted it right before but not sure this time as for sure the market won't rise this year. Maybe, if you are predicting it low, that might be possible but if you think about it rallying back, it won't. Remember that we have a long bear run in previous bear market and that be the same this time so we don't expect this will end this year but might be extended next few years.

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July 20, 2022, 11:16:08 PM
 #34

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin will rise again but i am not sure it will happen this year or next year. But it looks like it will take a long time.  It will probably behave like 2017-2021. But it is true that at the next pump Bitcoin may cross $100 000. It may even be more. So now is a perfect time to hold on to Bitcoin. it is not a financial advice.
The price have bounced to some margin over the past few days. For this reason some have begun to speculate that the bullish trend have begun. According to majority of the users we're in the bearish market hoping for a bullish move. For now we can experience growth in between as now, but for any reason this isn't gonna give a stable growth. The bull trend is predicted to happen on 2023-2024.

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July 20, 2022, 11:21:20 PM
 #35

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin will certainly rise again after reaching its dip, but there is no definite time when will bitcoin surge its price without any hints of bull trap. Because what is common these days is that a coin will eventually rise up again, yet it ends only a bull trap. However, bitcoin has still a lot of room to grow so it will always recover and will pave way for its new all time high. We just don’t know when will it actually happen so let’s just be patient for now.

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July 21, 2022, 02:18:06 AM
 #36

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin will certainly rise again after reaching its dip, but there is no definite time when will bitcoin surge its price without any hints of bull trap. Because what is common these days is that a coin will eventually rise up again, yet it ends only a bull trap. However, bitcoin has still a lot of room to grow so it will always recover and will pave way for its new all time high. We just don’t know when will it actually happen so let’s just be patient for now.
Yeah, we can say that the previous all-time high is our resistance, around $69,000, and if you take a look at the price history of Bitcoin since the beginning, most all-time highs are being created over a span of years as time goes by.
So for me, I am not expecting we will visit the all-time-high this year. Mid 2023-2024 is my target for Bitcoin to create a new all-time-high again.

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July 21, 2022, 03:32:37 AM
 #37

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Holding your coins is without a doubt a good choice if you are thinking about the long term potential of bitcoin, however we also need to be realistic, the chances that bitcoin is going to go up in price before the end of the year are probably not very good, I think that at best we could reach 30,000 dollars and to me that is the best case scenario, I think it is more likely that we are going to remain at current levels for a very long time and maybe even see a further decrease before this year ends.
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July 21, 2022, 03:36:34 AM
 #38

If we will follow the 4-year cycle, in 2018 Bitcoin is making a lower lows until it reaches as low as $3000 at the end of the year before it went up in 2019 and we know what happened afterwards.

I believe in cycles and I also believe that what happened in 2018 will happen again this year 2022. Bitcoin might have some recoveries (like what is happening right now) but it will just create a lower low until it reaches the possible bottom and in the next year, it will start to recover. So to answer your question, I don't see Bitcoin rising up this year but there is a higher chance that it will happen next year than this year.

But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.
Well if you will look at the historical chart of Bitcoin from it was created in 2008 until now, it has only one movement and it's upwards. Advising people to hold their Bitcoins is good and I also advise them to do it but I'm always adding it with "Just be ready whenever it wasn't going your way because Bitcoin is volatile and there might be times where you will incur losses just by holding. Just don't panic and hold".

 
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July 21, 2022, 03:49:14 AM
 #39

There is no doubt that Bitcoin is going to go up in the future but not this year. I think there is still a lot of the bear season left to go and bear season will not end so soon. Looking at the chart combined with the world situation there is no indication that bitcoin will grow by the end of the year. If we were to go into a recession, then things would get worse rather quickly.
The bull season will not begin until the halving has taken place, so there will be no bull season. That was my thought.

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July 21, 2022, 04:07:40 AM
 #40

There is no doubt that Bitcoin is going to go up in the future but not this year. I think there is still a lot of the bear season left to go and bear season will not end so soon. Looking at the chart combined with the world situation there is no indication that bitcoin will grow by the end of the year. If we were to go into a recession, then things would get worse rather quickly.
The bull season will not begin until the halving has taken place, so there will be no bull season. That was my thought.

Whether or not Bitcoin is going to recover or have another run, we can have an indicator on the next big thing that'll happen with Btc. The 2017 and 2021 pump has no indicator as well, we only notice once the price is starting to gain momentum.
However, the only indicator that Bitcoin may most likely to pump is the Bitcoin halving. So, yeah I could agree that bear season currently may take several months or even a couple of year before we can see another significant run and a new ATH.

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