Will the price gets to $60k this year?

[JoyMarsha]

Looking at many countries revolution of bitcoin like New Zealand, US, El Salvador, China, Africa and so on, if this countries can possibly readjust policies to favour bitcoin by mid year, it will experience excess rising.

If wishes were horses, we would have these nations you listed change their stance on bitcoin so that its price would soar just as the bull run was about to begin. Funny enough, though, those nations won't take that action so soon, and they wouldn't do so if they wanted to see a rise in bitcoin prices in the middle of the year.

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

It might be possible or it might not. There are many uncertainties behind the $60k price of bitcoin this year. The ideal course of action for an investor right now is to accumulate bitcoin as much as he can while having little to no expectations that bitcoin will reach $60k by the end of this year.

[1714693583]

1714693583

[1714693583]

1714693583

[boltz]

No , it won't. Bitcoin hit a massive resistance in the 30k area and that's why we are down under 30k again and most likely we will spend the entire summer cycle in this zone  . Maybe by the end of 2023 we could see another try of Bitcoin to break that resistance because in my books , 2024 it's a bull run and I do see Bitcoin to hit again 60k and halv should be the indicator of how much potential can Bitcoin to go over 60k.

[GreatArkansas]

(......)
But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

[duckalis]

It’s unlikely that BTC will double in price this year. But next year it could reach $60,000, as it’ll be halving in April 2024. Many analysts are optimistic about this event.

[kro55]

(......)
But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

I am also optimistic that bitcoin this year will have a significant recovery compared to last year, but to expect to be able to reach the old ATH is really something I haven't dared to think about, I don't think we can do that. Bitcoin going from 15k to 30k is a great thing, but that doesn't mean it will go up to 60k without a hitch. We have over 300 days left for the halving, and the new ATH will only happen a year after the halving. That means the bear season is still very long, so it is very difficult for bitcoin to recover to the old ATH this year.

[Reid]

All it needs is a group of whales buying Bitcoin like that billionaire did. But I suggest to not expect too much so that it won't hurt you in the future.
It can reach that and not because the countries you said are pursuing to change the policies about Bitcoin usage and restrictions. Help take out the altcoins that have no usage in the crypto industry to make investors learn that they should just buy Bitcoin instead of risking their money for other nonsense.
The economy is still not in a better phase so might as well not rush this increase in value that you are expecting.

[Jating]

It’s unlikely that BTC will double in price this year. But next year it could reach $60,000, as it’ll be halving in April 2024. Many analysts are optimistic about this event.

You need to be a rocket scientist to know this, history already tell us that every after halving, we are going to reach new all time high. Which mean not this year as halving is schedule to occur next year.

Not sure though why everyone thinks that we can get to a new all time high in 2023, or at least get closer to that price range. Because if it happen then it will break the pattern then. I'm not saying that it's bad, but if there's something that history shows us here in bitcoin market, is that it's going to be very 4 years to see a new all time high. So we will have to wait till next year after May to see the price picking up and then eventual new ATH in 2025.

[Sebas.tian]

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

Yes, is possible for the price of Bitcoin to increase to $60,000 this year 2023, because we have seen the massive moved of Bitcoin price from the beginning of this year that made many traders to believed that this year will be more better than last year. Since the price of Bitcoin has reached $30,000 in this month of April, showed that bullish market is about to take place any moment from next month for those that invested in Bitcoin some years back to get ready to receive a good reward from their investment. Based on some potential trader researchers, came to discovered that the price of Bitcoin will hit $40,000 next month for traders to believe that $60,000 is very close to happen  this year.

[Mr. Magkaisa]

     -  It may or may not happen, depending on the situation or condition of the market and the investors who are whales. So what most people do in these instances is they apply dca while bitcoin's value is low in today's market.

And the other thing is that it is still difficult to predict the market because of the volatility that bitcoin's value has. So, if you are one of the long term holders of Bitcoin, just hold it first and hold it and sell it at a high price or it depends on you.

[mich]

Well we have seen the price of Bitcoin go to 60k ever since I think March 2021. And since we are still in a 'Bear Market' right now I think the price of 1 Bitcoin reaching 60k will maybe happen next year.
This does not concern me at all since I just keep my coins in my wallet and dont check the price.  By doing this I do no get anxiety and stressed out to a point where I think about ever panic selling my coins. 
This is the best advice I ever gotten about investing in crypto and I hope others will follow this same advice when they think about selling during this 'Bear Market'.

[Pierre 2]

I wish we could hit another all time this year. If something like that happened we could see something like 150-200k dollars. But sadly it doesn't work that way. No asset in the world has constant raises. Bitcoin is better than most of assets anywhere. I think we should at least wait for 2023 to reach 60-65k levels. I am sure it will happen next year because of mining costs that will increase a lot after halving period.

[bestcoins1]

It’s unlikely that BTC will double in price this year. But next year it could reach $60,000, as it’ll be halving in April 2024. Many analysts are optimistic about this event.

In general it is not easy to make predictions on the condition of Bitcoin that even when you say it is impossible it may become possible without you guessing it. Although to reach double the current price is not easy for Bitcoin and it is clear that it always takes time for this, as well as what analysts say that at this point they are still very optimistic that a large increase is possible in 2024. But that could be off the mark as they say Bitcoin is not moving to keep up with what people are saying against it.

[lixer]

(......)
But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

To be honest, halving is not a guarantee that the market will get into a bull cycle when it reaches around it, but it's just that in the past, the market used to go up from its current state when the halving happened. So it's better if we don't make that the only reason why Bitcoin would go into a bull run in the next year since there are a lot of other factors to consider as well.

The price right now is below $30k, so to reach $60k, we are not really 60% away but it's more than a 100% growth from here which isn't too small in my opinion. And we are yet to see if the price will go any deeper in this correction or not.

[South Park]

Since the bull is gradually rising, I'd it will reduce the level of inflation controls and policies that will favour the bulls. It will encourage more buy by investors and big time entrepreneurs, surprisely this year bitcoin would have records more subscribers and price stabilities. Looking at many countries revolution of bitcoin like New Zealand, US, El Salvador, China, Africa and so on, if this countries can possibly readjust policies to favour bitcoin by mid year, it will experience excess rising.

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

Not happening, 60k is simply too close to the 69k level which is the current ATH, at that point what is stopping bitcoin to get that high if it reached 60k already? My point is that by the time we get to see 60k again then a new ATH will be around the corner, and since I do not believe this is possible until the halving has taken place and several months have passed, then it is not rational to expect this to happen when the halving is still so far away.

[ZAINmalik75]

is it possible for Bitcoin to reach $60k by this year?

No one can predict the perfect movement and price of Bitcoin, but according to the crypto enthusiast that this year the Bitcoin price will be mostly in the consolidation zone, later after the halving in 2024 may be the bulls awake and push the price to the previous ATH which is above 60k.
The price of Bitcoin can be more better than its current price which is below 30k if the ancident of the Luna and FtX collapse had not happened in recent year, because these collapse really damage the investor trust on crypto which showed a direct effect on the price of Bitcoin.

[dunfida]

(......)
But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

For me yes, I am very bullish for Bitcoin to be back at an all-time high this year. We are only 60% away from an all-time high and if you can see how Bitcoin pumped from $15,000 to $30,000, then from its current price to an all-time high, it's always possible.
And if you do always the analysis on the Bitcoin block halving, we see a huge bull market before the Bitcoin block halving event.

To be honest, halving is not a guarantee that the market will get into a bull cycle when it reaches around it, but it's just that in the past, the market used to go up from its current state when the halving happened. So it's better if we don't make that the only reason why Bitcoin would go into a bull run in the next year since there are a lot of other factors to consider as well.

The price right now is below $30k, so to reach $60k, we are not really 60% away but it's more than a 100% growth from here which isn't too small in my opinion. And we are yet to see if the price will go any deeper in this correction or not.

Halving period would be the catalyst on kicking up that bull run but we cant know whether it would really be on early or after the event but most likely it would really be after months after halving but we cant be sure that it would really be happening on this upcoming bull run event. There's no way on knowing that and we know that reaching up $60k for this year along wont really be likely considering that we are almost thrice far away on that point. If ever there would be some good news which means to be major then there might be some possibilities but of course we cant really be able to assure that it would really be able to kick in that golden bull
run on where everyone is hoping for. This is why if you are a trader or investor then you should really expect the unexpected or simply you should be able to accept on what would be the price condition on upcoming
months or years to come. Just be sure that you do have set your take profit price so that whatever happens then you have at least secure your position and profit afterwards.

[GeorgeJohn]

But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.

Theirs every tendency that bitcoin will not reach to sixty thousand this year, and same thing is applicable to the it's rising in which in another aspect life bitcoin can as well get above of sixty thousand, so therefore, in bitcoin circulation or rotation we don't have a specific rotation or measure we can that bitcoin price will be stamped for the year, the things I know all about bitcoin is that the price always be rational it's not constant, and the increase of bitcoin is dependable from the demands and supply of bitcoin, its obvious that when the price of Bitcoin rises its come as result of higher demand and low supply,  alternatively the prices of bitcoin get accelerated due to positive information of companies adopting the currency as means of payment, such as apple 🍏 companies as accepting bitcoin as one of means of payment with amazon, these will make bitcoin price to skyrocket or get accelerated, but when negative information comes in like, U.S restrict bitcoin not exist, that will trigger the demand to lower than the supply and at that moment the price of Bitcoin will collapse.

[rodskee]

Highly unlikely I'd say. I would expect us to hit $40K or even $50K this year but no more. It would be getting too close to ATH.

Bitcoin is always a coin that cannot be predict...

It cannot be predicted with certainty, but we can speak of probabilities. Looking at the history of Bitcoin, the normal is to approach the $69K peak after the next halving, not this year. To look at it from a positive point of view, we can continue to accumulate at a cheap price for a longer period of time.

exactly at least we have good basis on how we will  predict the coming value but also I still cannot see any chance of bitcoin hitting 60k , maybe what you said is also mine that
40k at least will be broken(hope to happen soon)
but even if bitcoin will hardly getting that price , at least we have seen
the value above 30k recently.
and for me we are still in correction that is why the price keeps holding in 27-28k for a while now at least 3 days?

[Baoo]

Well, I genuinely doubt if Bitcoin will hit all time high during this year due to a lot of factors such as, the ability of capitalists or whales to control Bitcoin’s value, they can cause bull and bear run by moving their funds wherever they want to. In my opinion, they will let the price increases significantly until the next halving ( 2024 ). In addition to that, I personally don’t think that a solid bull run will happen in next few weeks. Probably after this recent correction it will go up to $35K and reaches $40k by the end of this year. In fact, It is really tough to predict an accurate value.

[DaNNy001]

No , it won't. Bitcoin hit a massive resistance in the 30k area and that's why we are down under 30k again and most likely we will spend the entire summer cycle in this zone  . Maybe by the end of 2023 we could see another try of Bitcoin to break that resistance because in my books , 2024 it's a bull run and I do see Bitcoin to hit again 60k and halv should be the indicator of how much potential can Bitcoin to go over 60k.

Those are strong words there but I thank God nothing is certain as these words are just mere speculations and its normal for every enthusiasts to speculate their own views in the crypto space. From my own take on bitcoin resistance this year, I feel BTC can break 40 to 45k this year but its going to be hard as no one in the crypto space would have expected bitcoin to attain this level of height after the massive dip it experience last year.