Bitcoin maximum price

[Zelance2023]

Let's see the market prediction by crypto community.

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[DeathAngel]

This year I’m going to say $45,000 max. 2025 is when the real fireworks start in my opinion but we are entering a new bull market now, the ascent in price should begin shortly. It’s very early days in this bull market though so don’t expect miracles in 2023. We should end this year well though.

[Nwada001]

I was predicting $40,000 at the end of the year if it could break the $30k level, which it had been sitting at for the past week, but it eventually did and climbed to $31k+, which is a good sign that something positive might still turn out this month. So for the year, I don't see $60k happening; although Bitcoin price movement can be surprising most times, it's still not that easy to reach that level in the remaining 5 months of the year, but $40k looks like an achievable possibility.

[Hyphen(-)]

Because of the way the SEC is raising allegations on cryptocurrency exchanges, if the SEC issues continue, the Bitcoin price might not go above $45k, but if everything continues to go well, the Bitcoin price should go above $50k because we are expecting a halving next year in 2024, and we will be expecting the Bitcoin price to go above its all-time high.

[tabas]

We've got bunch of threads like this already on this section and you'll see people's thoughts and opinions on how much is gonna be the ceiling price of Bitcoin for this year. It'll end up with just assumptions and ranges because we don't know how the market will play at the end of this year.
However, it's most likely that we'll see the price ending this year positively but we will never know if the ceiling could be back close to the last ATH that we have been before.

[Oasisman]

voted for 40k, but my prediction should be between 40k and 50k. We've seen the price goes up and down a little bit but did not really go down below 25k despite the SEC crackdown. So, we've got an upward momentum now while we're closing in from the bitcoin halving next year. People would start accumulating now, evidently with $30k price now it's still considered affordable as of this moment - so this might continue gradually with more than 5 months left this year, the most realistic range bitcoin could go would be around 40k I guess. It might go beyond 50k, but I doubt it would break the ATH, not until the halving takes place.

[adaseb]

A lot depends now on the SEC decision. Most likely stocks will keep rallying and Bitcoin will closely follow. Sure there are recession risks but most likely there won’t be a recession this year most likely next or year after. Economy is way too strong. The fed can raise a few more times and maybe then I’ll start some slowdown.

So if they approve the SEC I think we might get like $45K and top out. If they don’t then we might hit a high of $35K this year and just trade sideways for the rest of the year. Horrible liquidity right now in the crypto markets.

[taufik123]

-snip-
The fed can raise a few more times and maybe then I’ll start some slowdown.

The Fed even signaled to raise the benchmark interest rate two more times in the future.
This is based on the Fed's median projection which estimates interest rates to be in the range of 5.5-5.75% in 2023 from 5-5.25% previously.
However, Fed Chairman Jerome Powell explained that interest rates are currently near their peak target so future increases could be slower.

The impact of rising interest rates will definitely be felt, we must be careful because there are still two rate hikes.
The rate hike will also be close to Bitcoin's halving.

So if they approve the SEC I think we might get like $45K and top out. If they don’t then we might hit a high of $35K this year and just trade sideways for the rest of the year. Horrible liquidity right now in the crypto markets.

$45k is a good price target even though it is now stuck at $30k and still sideways $30k-$31k.
Waiting for some corrections to make the crypto market healthier.
Currently, BTC.D dominance is still quite high, which stands at 51.23%.

[kro55]

Let's see the market prediction by crypto community.

Not many people have taken part in your vote yet, but most people are not too optimistic about what will happen this year, most choose $40k as the final level that bitcoin will reach by the end of the year. I chose $30k or maybe less if other options were available. While I still believe bitcoin's short term uptrend can hit 33k-35k, but I don't see a positive for the market at year end. I'm still waiting for history to repeat itself, I think there will still be dumping before the halving happens, like what happened in 2019.

[yudi09]

Let's see the market prediction by crypto community.

Of the 4 maximum value choices you made in the poll, $40,000 is the price I think will happen this year.
Despite the normal market activity of rising and falling prices, starting in June and now already in the first week of July, the chart position is very convincing to end up at the desired level later in the year.

Of course, some incidents can hinder the movement of the price chart, but from the few incidents that have occurred in the last few months such as the BinanceUS case with the SEC, there is not a big change in the color of the chart.
This is my optimistic stance in choosing $40,000 as the maximum year-end price.

[Husires]

Such topics will turn into spam. It is difficult to predict the price of Bitcoin during 6 months, a lot of water will run under the bridge and it is difficult to predict what will happen, 3 months is the longest period that an individual can predict about the price currently, during which there is a possibility of raising interest by 50 basis points and 25 basis points For each meeting, therefore, I expect that a health correction will occur between $25,000 and $29,000.

Bitcoin maximum price will be $40,000 to $45,000

[elevates]

It is never easy to predict the price of Bitcoin, many have tried but were never correct. We all know the sudden jump in price is due to the ETF application submitted by various financial institution. The SEC has not yet approved it but most of us are speculating that a few ETFs will get approved. If they don't then we would see a sharp correction. The global economy is also struggling due to the war in Europe. Many small countries are struggling to survive at the moment. My analysis is that Bitcoin might see a sudden pump in its price if the SEC gives a green signal to the ETF. After the pump we would see again a correction. I feel the price of Bitcoin would be between 35k to 40k.

[Ndabagi01]

Bitcoin price forecast is similar to hoping and anticipating a fantasy existence. Only a few people in a million can get the price exactly right. Even people who have been invested in bitcoin from its inception cannot always predict what the price will be at a given moment or month of the year. They can produce a perfect range that sometimes coincides and sometimes fails.

For now, one can only make projections, but market volatility always has its own way of determining the price in the end. My forecasts based on how the market is now performing are $40-$50K at most, while they may be an exception in the long run due to how the market tends to adjust. However, at the current market price and analysis of past month till now, my prediction will be $40K-$50K by the end of the year.

[imamusma]

$50k, am I the only one who would say that at poll?

Not sure what the high price will be at the 2023 close, but I'm inclined to believe it will be above $40k or around $50k. I know this is a very low probability prediction if the market and investors are not supportive. However I can expect a lot of support which will do the market well to get close to a good record before the 2024 halving.

[philipma1957]

I think we are like 2015

Jan 15 price was 177
Jul 13 price was  308
Dec 16 price was 465



2024

Jan 1 price 16500
July 5 price 30750
Dec 31 price 47000?

[Baofeng]

$50k, am I the only one who would say that at poll?

Not sure what the high price will be at the 2023 close, but I'm inclined to believe it will be above $40k or around $50k. I know this is a very low probability prediction if the market and investors are not supportive. However I can expect a lot of support which will do the market well to get close to a good record before the 2024 halving.

I'm in the same price range, $40k-$50k might be the end price this year. We are still in the $30k'ish right now, so most likely the closest will be $40k. But who knows, maybe when we have more positive news in the next 5 months or so, we might see $50k or even higher.

For now let's just put a conservative estimates at $40k, so that if we didn't get the price or top it, still a win-win for us as we are not expecting something big. Instead of hoping for a big price but it's so high that at the back of our minds, we might not achieved that price this 2023. Still a long way to go for us so let's just be positive and hope for the best.

[OgNasty]

Just pulling a number out of thin air, I’d say we’ll see a maximum price of $48K. Nothing really to base that on and if mtgox does it’s distribution before the end of the year then that will be a tricky price target to hit. I wouldn’t worry so much about the price this year though. It’s the price in 2 years you should be eyeballing.

[Gozie51]

My prediction is between the $30k - $50k range for this year. This is because I don't expect volatility to hit above $50k before the next few months ending the year. I'm still looking at the body movement of btc during the time of halving but this year may have been a little spiking out volatility. Although price could still drop below $30k

[Mate2237]

I choose the probability of $40k because so far so good we have spent 6 months and the highest price we have seen the year $31k and let say the remaining 6 months might add the remaining 9% to make up the $40k. But there is another prediction that, the market might not pass the present price, because market has not shown the signal that it will go up in anytime soon. If the price would have gone up, the price would have climbed to $32+k by now but it is still coming down again.

[Falconer]

I think we are like 2015

Jan 15 price was 177
Jul 13 price was  308
Dec 16 price was 465



2024

Jan 1 price 16500
July 5 price 30750
Dec 31 price 47000?

philipma1957, wait, are you really predicting for 2024, or is it for 2023?

I think it's still very reasonable to expect the end of 2023 for the bitcoin price to be higher than $45k, because we that's too close to the halving. Lots of interest will jump in and make the market a bull market, but I wouldn't rule out other possibilities even if a potential high price is expected. I will be at $40k, could be lower depending on market conditions and external influences.