Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised?

[bestcoins1]

I am not as optimistic as OP, my prediction is that we will enter the bull season in 2025, and bitcoin will reach ATH in the last quarter of 2025, just like previous cycles, and we will also have a bear season at the end of that year. I still believe the 4-year history repeats itself, the bull season will only come one year after the halving, i.e. 2025.

It doesn't matter that you are not as optimistic as the OP, because basically you also have your own confidence in Bitcoin by making forecasts from a four-year cycle. I also still believe in the four-year cycle, but for now I also have the view that this year Bitcoin will continue to experience price recovery until next year. Because before it reaches ATH, of course Bitcoin must have a better price recovery and it also happened in previous cycles in the past.

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[salad daging]

Regardless of how the speculation happened and I'm sure everyone will hope that the bitcoin price will touch that number. Another important lesson, whether in the next year or when it will happen is very difficult to predict, because talking about price fluctuations and almost all speculators who try to predict everything is not right and always misses. But speaking broadly I believe it will happen?

Who doesn't want to see the high price of bitcoin, even people who believe in holding bitcoin because there is a sense of optimism from them that bitcoin can touch the price.
We cannot fully trust predictions, including statements from experts, whatever it is, it can be wrong and not right the movement of bitcoin is very volatile, it can move at any time depending on the market situation, but with predictive analysis, we can know where bitcoin is going even though the price is always not right on the numbers.
I believe that bitcoin will have another high.

The financial conditions controlled by the banks have put them at the stage of mistrust of people, with many cases of weakness in the way they serve customers, ranging from a scarcity of cash or a very complicated system of money transactions with them. On the other hand, transactions in bitcoin are progressing rapidly and there are almost no problems if done correctly, so that people's trust is getting higher for now.

Their trust in banks is indeed reduced because there are problems that go one after another, including some media that say banks can confiscate your money at any time, especially in a crisis, so people who put money in the bank will panic, especially when they see that several banks have gone bankrupt, of course they will lose a little her trust.

Bitcoin is growing fast because it's easy to use, you can control yourself and this asset will increase in value over a long time, at least people now know about bitcoin and they understand the system for its use.

[savetheFORUM]

I am not as optimistic as OP, my prediction is that we will enter the bull season in 2025, and bitcoin will reach ATH in the last quarter of 2025, just like previous cycles, and we will also have a bear season at the end of that year. I still believe the 4-year history repeats itself, the bull season will only come one year after the halving, i.e. 2025.

It doesn't matter that you are not as optimistic as the OP, because basically you also have your own confidence in Bitcoin by making forecasts from a four-year cycle. I also still believe in the four-year cycle, but for now I also have the view that this year Bitcoin will continue to experience price recovery until next year. Because before it reaches ATH, of course Bitcoin must have a better price recovery and it also happened in previous cycles in the past.

I don't see any signs of that happening. The price has become stable at around $28k and from the volumes and everything, it seems like there will be another dip soon which will probably drag the price below $25k followed by a huge inflow of panic selling which will further make the price go down by who knows to what extent.

Panic sellers and FUDs are definitely going to give Bitcoin a hard time going up this year, I don't think that we will see an all-time high this year or even the year after, I think we might see that happening after or by the end of 2024.

[STT]

Could isnt surprising, its an estimate 18 months away and purely by the maths measuring prior moves and possible velocity of gains 100k is already known to be in the trajectory for BTC.   Could, should world ever will are all different things but could isnt the doubtful thing, its will this really happen while the Federal reserve is continually raising rates.   It does appear slightly unlikely when we may not have dropped interest rates back by the end of 2024 and in theory the opposing yield elsewhere should cap the interest in speculative assets such as BTC.
  All depends on inflation, fiscal budgeting of large government and apparent monetary expansion vs actual because its also likely Dollar declines in value from now to end of 2024 and so on balance we must assume BTC could inversely rise.

[ancafe]

Who doesn't want to see the high price of bitcoin, even people who believe in holding bitcoin because there is a sense of optimism from them that bitcoin can touch the price.
We cannot fully trust predictions, including statements from experts, whatever it is, it can be wrong and not right the movement of bitcoin is very volatile, it can move at any time depending on the market situation, but with predictive analysis, we can know where bitcoin is going even though the price is always not right on the numbers.
I believe that bitcoin will have another high.

Experts or anyone can only make predictions about the price of bitcoin, but the level of accuracy of the predictions is not necessarily correct because bitcoin is quite volatile in its journey. For people who already know that bitcoin is the best investment for the future, the issue of price is not a measure because what is expected is how we can continue to collect bitcoins with several methods.

Everyone must believe that in the future the price of bitcoin will be even higher, especially if bitcoin has been successfully mined and scarcity will bring bitcoin at a much higher price, returning to the lessons of supply and demand as the foundation for why bitcoin can be quite valuable in the future.

Their trust in banks is indeed reduced because there are problems that go one after another, including some media that say banks can confiscate your money at any time, especially in a crisis, so people who put money in the bank will panic, especially when they see that several banks have gone bankrupt, of course they will lose a little her trust.

Bitcoin is growing fast because it's easy to use, you can control yourself and this asset will increase in value over a long time, at least people now know about bitcoin and they understand the system for its use.

The fiat system is still very complicated to accept and it's just that before there was no choice, so people are forced to use it despite the many problems this system has created, the economic crisis, scarcity of cash and services that are still in shambles. So far, banks are increasingly losing the trust of people, because there are many problems that they are unable to solve, especially when it comes to confiscating users' money for some reason.

Bitcoin has a much better level of freedom because we control the assets we own, so we don't need a third party to run it and there are many other advantages that we can take advantage of when investing in bitcoin.

[slaman29]

I hate to say it but people in crypto generally are worse than you think, and nothing surprised me anymore.

Yeah, everyone is praying for $100k since the last bull run. But it didn't happen so obviously, why not give it a shot at the next run then? So everyone is on board right now with a 6 digit figures. Even seasoned members here, who have been in the market for so long thinks that in al eventually, we are going to hit that price.

So our answers might be answered in the next couple of years.

I don't want to comment about the people here in crypto, but as soon as we hit new ATH again, it will got worst, newbies hope to become crypto millionaires, perma bears, perma bulls FUDsters and others.

Right? And those who remember, 1 million was the theory even in 2017, and then "for sure" 100k was the next, even me included.

I have to believe it, and I still do, whether next year or 2030 or whenever, but at least I don't guarantee this to anyone and I'm the first to "suffer" if this isn't coming true.

The old cycle all over again for sure, we can expect

[fuguebtc]

I am not as optimistic as OP, my prediction is that we will enter the bull season in 2025, and bitcoin will reach ATH in the last quarter of 2025, just like previous cycles, and we will also have a bear season at the end of that year. I still believe the 4-year history repeats itself, the bull season will only come one year after the halving, i.e. 2025.

It doesn't matter that you are not as optimistic as the OP, because basically you also have your own confidence in Bitcoin by making forecasts from a four-year cycle. I also still believe in the four-year cycle, but for now I also have the view that this year Bitcoin will continue to experience price recovery until next year. Because before it reaches ATH, of course Bitcoin must have a better price recovery and it also happened in previous cycles in the past.

If you believe in 4-year cycles and if history repeats itself, then there is no guarantee that bitcoin will recover from now on and the price will never fall again. If you check the 2019 and 2020 charts, there was a time when bitcoin rallied over $12k but then dropped to $5k in 2020, before the halving took place. Many argue that what is happening this year is quite similar to 2019, and if so, we still have some major corrections before entering the recovery phase to prepare for the next halving.

[ivankoh]

Panic sellers and FUDs are definitely going to give Bitcoin a hard time going up this year, I don't think that we will see an all-time high this year or even the year after, I think we might see that happening after or by the end of 2024.

Yes, The possibility that they will continue to regret it
Bitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.

[|MINER|]

Yes, The possibility that they will continue to regret it
Bitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.

In fact, a lot depends on 2024 as the next halving is expected to start around 2024, and it is already seen that Bitcoin is slowly starting its recovery. Although nothing can be said with certainty when the price of Bitcoin will reach any level. But according to many giant tech companies and experts analysis around 2024 and 2025 Bitcoin will be around 100k dollars. I myself think that between 2024 and 2025 Bitcoin will reach its new all-time high.

[Dimitri94]

Yes, The possibility that they will continue to regret it
Bitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.

In fact, a lot depends on 2024 as the next halving is expected to start around 2024, and it is already seen that Bitcoin is slowly starting its recovery. Although nothing can be said with certainty when the price of Bitcoin will reach any level. But according to many giant tech companies and experts analysis around 2024 and 2025 Bitcoin will be around 100k dollars. I myself think that between 2024 and 2025 Bitcoin will reach its new all-time high.

We are staying at the second quarter and there are still 7 months to go. When Bitcoin will be bullish at that moment there is no need much time to change any equation, with in one week everything can be possible. If we get 60k price by this year we also may get 100k as well in the next year. As Bitcoin moves towards a possible halving in 2024, the market is changing momentum a bit from now. I feel the same as what you are saying. If Bitcoin  halving doesn't appear in 2024, we could see Bitcoin price target 100k or more by 2025.

[_BlackStar]

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

I'm not going to freak out like people do in the face of price volatility, even if bitcoin could free-fall to $10k then I think I'd still be fine. My main plan in this industry is to be a bitcoin holder in the long term, corrections are a good opportunity to accumulate them even if they happen this time of year.

To be honest, I'm not sure about $100k at the end of the year, but I tend to feel confident about $50k or lower before the 2024 halving. Bitcoin price is expected to strengthen further after the halving, but it may be true that the price will start moving up at few months before the halving. The start of 2024 is a turning point for bitcoin's high run after the halving, so a new ATH is expected later.

[tiCeR]

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

I'm not going to freak out like people do in the face of price volatility, even if bitcoin could free-fall to $10k then I think I'd still be fine. My main plan in this industry is to be a bitcoin holder in the long term, corrections are a good opportunity to accumulate them even if they happen this time of year.

To be honest, I'm not sure about $100k at the end of the year, but I tend to feel confident about $50k or lower before the 2024 halving. Bitcoin price is expected to strengthen further after the halving, but it may be true that the price will start moving up at few months before the halving. The start of 2024 is a turning point for bitcoin's high run after the halving, so a new ATH is expected later.

That would mean that market mostly gets moved by the bigger players as these fee issues will certainly shy away all those people that I once thought could be mostly interested in acquiring or using Bitcoin. If you live in a part of the world where the average income is far below the richer parts of the world, I am asking myself how people there could come up with the idea that Bitcoin makes sense in the long run? The fees are a problem and it is a threat to adoption progress in many parts of the world. It is not that surprising that some alt coins will be preferred over Bitcoin then. Of course if you are moving thousands of USD it doesn't matter that much. It is difficult to tell what the price rallies in the past were mostly about, big money being followed by huge amounts of smaller money? If that's the case I won't expect too much price action for as long as the fees are still sky high again. What would the fees even be when the public sees Bitcoin flying towards $100,000? There would be so much volume, so many transactions be made that we are probably also going to see ATH fees.

[STT]

next halving is expected to start around 2024

Ive heard varied targets from Feb to June.  It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged.    My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan.    Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment.    100k from a year after halvening is more like it, thats more realistic less rushed for a target.

[doomloop]

I am not as optimistic as OP, my prediction is that we will enter the bull season in 2025, and bitcoin will reach ATH in the last quarter of 2025, just like previous cycles, and we will also have a bear season at the end of that year. I still believe the 4-year history repeats itself, the bull season will only come one year after the halving, i.e. 2025.

It doesn't matter that you are not as optimistic as the OP, because basically you also have your own confidence in Bitcoin by making forecasts from a four-year cycle. I also still believe in the four-year cycle, but for now I also have the view that this year Bitcoin will continue to experience price recovery until next year. Because before it reaches ATH, of course Bitcoin must have a better price recovery and it also happened in previous cycles in the past.

I don't see any signs of that happening. The price has become stable at around $28k and from the volumes and everything, it seems like there will be another dip soon which will probably drag the price below $25k followed by a huge inflow of panic selling which will further make the price go down by who knows to what extent.

Panic sellers and FUDs are definitely going to give Bitcoin a hard time going up this year, I don't think that we will see an all-time high this year or even the year after, I think we might see that happening after or by the end of 2024.

You need to check the price right now. It's now below $28k. So, how's that? It seems the guy is right that we are now in the recovery phase although we have been already recovering ever since we start this new year. For some, what they see is more than a recovery but they consider it as a normal increase because we never have it last year.

If ever the price drops below $25k, I don't think it will trigger a panic selling. Maybe it will if you say that the price will fall to $10k and below because we haven't seen it yet for a long time. Panic selling and FUD's are not the only thing that can drag the BTC value. There might be no ATH this year but I expect there will be in the next year or so.

[STT]

Some news today in a small way, yet to be confirmed but we crossed the 50 day average.   I also heard in actual news not charts that Binance has some issue, now its just an exchange but its a big one and as so many people recognize it apparently it will matter for crypto sentiment going forward for some time perhaps.

https://talkimg.com/images/2023/06/12/AN5I3.png

This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing.  I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.

[tiCeR]

Some news today in a small way, yet to be confirmed but we crossed the 50 day average.   I also heard in actual news not charts that Binance has some issue, now its just an exchange but its a big one and as so many people recognize it apparently it will matter for crypto sentiment going forward for some time perhaps.


This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing.  I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.

It is indeed a big one and as far as I know nobody really understands how interconnected they are and what their systemic relevance might be for the entire ecosystem. As I belong to those who have no idea, I would just go by the numbers that are relatively well know, which is the global market share in trading volume. I am aware there can be fake volume as well, but I guess that Binance doesn't fake more than others in whatever way possible. Now when we only take the trading volume and the number of customers, it would be a huge hit to the ecosystem if it became public that they would be in serious trouble.

If it turns out that they are sort of systemically relevant, it would perhaps create a kind of Lehman Brothers moment in peoples' heads and I think that could have substantial consequences that would take the ecosystem some time to recover from.

[Joshapat]

The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.

[btc78]

with all  of this then we must all accumulate now at least before 2023 ends?
have managed to Hold for a year now and waiting for another 1 1/2 years wouldn't be any issue ,
thanks for the heads up  on this mate ,I will be willing to take part of this bump in the coming months.

The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.

let them predict but we must dig more , there are graphs that will help us understand what comes next lol.

[Ludmilla_rose1995]

The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.

it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.

[yohananaomi]

The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.

it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.

agree, it is not easy to predict what will happen with bitcoin but bitcoin has a habit of always repeating what has been done before. this makes it easy to anticipate bitcoin, but not for the short term but for the long term.
at the beginning of the year, bitcoin indeed made a surprise with a sharp upward movement, but many predicted that this increase would be momentary and would not last long because world economic indicators had not improved which would always have an impact on bitcoin.
but it must be remembered that the halving period will occur next year, this is the best time to continue buying and holding it and not to be afraid of a decline.