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Question: What shall be the maximum value of bitcoin this year?  (Voting closed: July 11, 2023, 07:18:36 PM)
30k - 3 (9.4%)
40k - 12 (37.5%)
50k - 5 (15.6%)
60k - 2 (6.3%)
Above 60k - 10 (31.3%)
Total Voters: 32

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Author Topic: Bitcoin maximum price  (Read 620 times)
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July 10, 2023, 04:17:50 AM
 #61

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?

I'm thinking along similar lines myself, and judging by the responses in the thread, I'm not the only one. That's assuming we have a repeat of the pattern of previous cycles, which we can't be 100% sure will happen, but at least it's the most likely. There is usually a price increase in the year before the halving, as an exit from the bear market, but without reaching the ATH. I think that is where we are heading.

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July 10, 2023, 08:31:16 AM
 #62

Let's see the market prediction by crypto community.
This year you say?
In preparation for the halving that will happen next year, I think that Bitcoin's maximum price that it will reach will be at the range of $45,000-$50,000.

TBH, I'm not this bullish knowing that there are no good things that're happening this year except from that Blackrock filing of a Spot ETF. Aside from that, there's no good news that're published online during the first half of this year. Maybe the reason why Bitcoin's price is starting to rise this year is investors are slowly accumulating Bitcoins because they don't want to buy Bitcoin again at a higher price once the halving, and bull market starts.

Anyway, I'm a huge believer of the 4-year cycle, so I expect for cryptocurrency to enter the bull run 1-2 years from now. I believed on it that I took the opportunity last year, and bought Bitcoins at a much lower price. Aside from Bitcoins, I also bought Ethereum, and other altcoins in preparation for the bull run. Anyway, $45,000-$50,000 by the end of the year. LETS GO!!!!!

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July 10, 2023, 09:42:50 AM
 #63

Lower than $60k Grin

We can guess at as many prices as we want when we talk about the max Bitcoin price for 2023. But I feel that it's still under $60k. It could be above $ 35k- $ 40k, or be at $45k or even be at the $50k level.

But as long as negative news can make people panic and sell Bitcoin instantly, Bitcoin will be difficult to touch $ 45k. Maybe Bitcoin price will stay between $30k-$40k like it is now, where it goes up to 31k and down to $30k. And maybe this situation will continue this month, but hopefully, there will be positive news that can increase the Bitcoin price and touch $33k.

Maybe I would choose Bitcoin price to be around $40k-$50k later this year but I feel it is still under $60k. But we'll see what will happen every month later.
Yes, I'm not seeing a new all time high price at the end of the year, so it's safe to say lower than $60k. But really hard trying to pinpoint the exact price, it could be in the range of $45k-$50k as I have seen that this is the target price for more, not just from this forum. But from outside speculators as well. The thing though is that we shouldn't listen to them, I mean we can make our own prediction. What I'm concern though is what will be the price after the block halving, because that will be the catalyst of a bull run in 2024-2025.
Most investors are holding their hands back only because the market is way too stable at the moment, I've personally never seen it being this stable for quite some time, so it's totally confusing as to where it will move next, it isn't being able to go across the resistance at $31k but it's also not coming down to $29k which is the reason why the whole market is confused and different people are making different predictions about the next move.

I personally think that we won't go straight up from here but there will still be a correction from here that will bring the price below $30k for once and it will stay there for some time and will start going up from there when the new year is near, we won't enter the bull market before the end of 2024 in my opinion.

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July 10, 2023, 10:57:24 AM
 #64

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.

Bitcoin price may reach as high as $55k in 2023. Because the price of Bitcoin did not increase much in the year before Bitcoin halving. But by 2025, the price of Bitcoin may increase overnight and reach one hundred thousand dollars.
2020 was the time of the Bitcoin halving. But in 2021 the price of Bitcoin increased overnight to 69k dollars in 2021 without increasing the price of Bitcoin. So bitcoin halving next year bitcoin price will enter bull market and fireworks will be born.

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July 10, 2023, 11:58:42 AM
 #65

I voted for $40,000. Bitcoin is currently stuck at $30,000. It seems it doesn't have a strong hold of it. I think the price could easily slide down below $30,000 any moment. And it will take a while for the price to climb back to $30,000. So I'm seeing a generally sideward movement for the rest of the second half of 2023.

Standard Chartered bank thinks the price could reach $50,000 within the year. I don't agree. If the market moves positively in the next 5 months, then we might see $40,000. I don't expect a strong increase prior to the halving. The real bull run will follow the halving.
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July 10, 2023, 03:35:02 PM
 #66

Let's see the market prediction by crypto community.

I love seeing the thread. Since we're now likely to go higher, if the trend continues then we're likely to enter the bull market. And if that is the case, we are likely to see another all-time high pass $60K. Well of course it has to break first multiple levels of resistance but if the fundamentals of halving of BTC mining align with economic conditions to prime Bitcoin to go higher, then it will be easy.

Break 30K, then 45K, 47K, consolidate a bit, then all-time high. How about that until end of the year.


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July 10, 2023, 05:48:24 PM
 #67

I hope for above $60k, like many others, but it doesn't look realistic anymore because as I've said many times in the past the global economic situation is still dire and with the recession growing we can't expect massive amount of money to come into the market creating a big >2x rise. Best case scenario is small rises and above $40k seems more realistic heading towards $50k by the end of the year. Again if the global economic situation doesn't get worse (ie. if it remains just as bad as it is now) and if it improves (ie. recession goes down) we can then expect bigger rises.

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July 10, 2023, 06:08:42 PM
 #68

Although it is very difficult to accurately predict the price of bitcoin, I estimate that the top price of Bitcoin could reach $50k by the end of this year. And, Not only that, I also speculate that Bitcoin price could reach $80k by 2024.

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July 10, 2023, 08:24:16 PM
 #69

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.
Bitcoin the way I'm seeing bitcoin price I believe bitcoin price will rise above the fourty five thousand because of 2024 expectations of bull market of bitcoin, the information of sec everyone knows that it will not really affect bitcoin price the way I'm seeing the speculation, when we new investors bitcoin price will definitely rise unexpectedly, but let us say that the bench mark of bitcoin price should be within the forty thousand and forty eight thousand within the year, and it can only skyrocket because of the demands of bitcoin get higher than the supply

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July 10, 2023, 11:49:02 PM
 #70

As the price of bitcoin moves around the $30k range I predict the price to have a jump to $40k considering the upcoming halving. Most of the time the market used to take a down turn and bounce high from that point to reach a better position marking it the ath value for the year.

Apart from its regular growth pattern the change in growth could happen depending upon the adoption and positive news taking place in the cryptomarket. In such situation the price of bitcoin could move high upto the $50k margin. In the past the market used to get manipulated easily which drives the market to the peak and leaves it for a deep drop. These days such scenario is very low as people have well understood the market and making decisions accordingly than getting into panic.

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July 11, 2023, 03:39:35 PM
 #71

I'm thinking along similar lines myself, and judging by the responses in the thread, I'm not the only one. That's assuming we have a repeat of the pattern of previous cycles, which we can't be 100% sure will happen, but at least it's the most likely. There is usually a price increase in the year before the halving, as an exit from the bear market, but without reaching the ATH. I think that is where we are heading.
I think it's normal that each people always check the previous year for a similar pattern and they will keep on holding on that false promise. At least that was like their benchmark if how high or low the price can go the current year while other prices that aren't expected can still happen. Even if there is no halving approaching ahead, the market will still find its way outside of the bear market.

The same goes if there is a bull run, it will also find a way to approach the bear market. I think a bull market does not always mean that there will be a new ATH that will happen but a close or the same ATH to what the previous can still be considered as one.

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July 12, 2023, 08:54:52 AM
 #72

Although it is very difficult to accurately predict the price of bitcoin, I estimate that the top price of Bitcoin could reach $50k by the end of this year. And, Not only that, I also speculate that Bitcoin price could reach $80k by 2024.
The speculation that you say can indeed be very reasonable and I am also optimistic about an increase in the price of Bitcoin this year and in the next year. But to reach $20K in six months doesn't seem to be so easy for Bitcoin even though Bitcoin has crossed $50K when printing its new ATH, but you can also see for yourself in the market how Bitcoin stays in the $30K area and still looks hard to get close to the $35K area in the market. And this could be a sign that reaching $50K by the end of this year will never be easy for Bitcoin even though it could be possible.

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July 12, 2023, 09:07:46 AM
 #73

Instead of just being a basic prediction of prices, it’s best to test out and determine it by categories such as bitcoin maximalist, altcoin holder, and any other category and see how it plays out. It is kind of boring to have the same thing over and over again.

I am a mix of bitcoin maximalist and altcoin holder but more of leaning towards BTC max because that’s the majority of my HODLings. Just cherry picken coins for HODL.

$999999 is the max price.  Cheesy

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July 12, 2023, 05:42:13 PM
 #74

The recent price of bitcoin is above 30k$ and as we all know that not a single person has an accurate Knowledge about the future so everyone can make prediction but truth is unrevealed. We examine that from previous 2 or 3 days the price remains higher so if the demands remains higher the price will go more up and very soon it will touch 40k$.

Before the entrance of new year the price in my opinion will be higher and in next year it will go more up and up because of halving and increasing demand for bitcoin. It is also possible that till the end of this year bitcoin reaches the price of 50k$ because everyone wants to be a part of it and take benefit of halving so the the price will be maximum and will reach up to 50k$ this year.

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July 12, 2023, 09:49:22 PM
 #75

I do not see the option of below $60k in the list, so how I can vote? Grin
Vote all the options below 60k (30k, 40k, 50k).
Or you can request to OP to add a new option.  Cheesy

But I am thinking about $40k-$50k for the Bitcoin maximum price for this year because reaching $60k for this year is a bit taugh although it still possible.
Agree. The price seems to not above 60k. Since Bitcoin price looks very difficult to increase quickly, we can assume the price won't move significantly from the current price. We are in July, the end of this year is only 5 months left. I'm not sure if Bitcoin can increase more than 20k in the next 5 months. I predict the maximum price is just about 40k-45k.


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July 12, 2023, 11:21:09 PM
 #76

I do not see the option of below $60k in the list, so how I can vote? Grin
Vote all the options below 60k (30k, 40k, 50k).
Or you can request to OP to add a new option.  Cheesy

But I am thinking about $40k-$50k for the Bitcoin maximum price for this year because reaching $60k for this year is a bit taugh although it still possible.
Agree. The price seems to not above 60k. Since Bitcoin price looks very difficult to increase quickly, we can assume the price won't move significantly from the current price. We are in July, the end of this year is only 5 months left. I'm not sure if Bitcoin can increase more than 20k in the next 5 months. I predict the maximum price is just about 40k-45k.


Better to mind off about 10k increments overtime and wont really be talking about on prices that we arent able to achieve. We know that this market is unpredictable and so as with Bitcoins price.There's no way
that we could be able to determine or know on how far it would be able to reach out.There's no maximum numbers but everything would really be depending or according into the recognition of the community.
This isnt something that could be known by someone and this is why investment would really be a certain risks if ever you are tending to accumulate or you are really trading it.
This is why on the time that you do make out such step then its better to go with the flow like the waves. Expect the unexpected as always because price could go up and down without
even realizing on whats the real reason within those movements.

R


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July 12, 2023, 11:33:29 PM
 #77

No such thing.
If we would base on demand and supply, we can infere that the market price of Bitcoin should be limitless or skies the limit as long as there is an unending increase with the demand in it. But if there will be a lomit I think it is around $200k I guess, why? 'coz fees would be high as well at that point. Just my speculations; as we saw the market price of Bitcoin reached its ATH, gas fees became high as well which could be a factor to a lower demaand by that time. But who knows, this technology is still in progress ans with regards to gas fees, it can be aided.

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July 13, 2023, 09:21:59 PM
 #78

No such thing.
If we would base on demand and supply, we can infere that the market price of Bitcoin should be limitless or skies the limit as long as there is an unending increase with the demand in it. But if there will be a lomit I think it is around $200k I guess, why? 'coz fees would be high as well at that point. Just my speculations; as we saw the market price of Bitcoin reached its ATH, gas fees became high as well which could be a factor to a lower demaand by that time. But who knows, this technology is still in progress ans with regards to gas fees, it can be aided.

If there are no limitations you can infere that bitcoin will make bitcoin will make $1M. But there is no project or market that is so seamless without difficulties. There are price challenges, there are fundamental challenges, government attack and lots more. So the journey to upward trend will at every time meet difficulties.

Saying about demand and supply. It is understandable that the market will not always be on the demand phase. Despite that bitcoin was designed to be scarce, there king of cryptocurrency also has competitors (altcoins). No matter how genuine and reliable the bitcoin opportunity is, some people still prefer altcoins at some point in their investment.

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July 13, 2023, 10:29:00 PM
 #79

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.

Bitcoin price may reach as high as $55k in 2023. Because the price of Bitcoin did not increase much in the year before Bitcoin halving. But by 2025, the price of Bitcoin may increase overnight and reach one hundred thousand dollars.
2020 was the time of the Bitcoin halving. But in 2021 the price of Bitcoin increased overnight to 69k dollars in 2021 without increasing the price of Bitcoin. So bitcoin halving next year bitcoin price will enter bull market and fireworks will be born.

After analysing the market, I don't think the price of Bitcoin could reach $50k since the market had been ranging and falling for the past months. I believe the price of Bitcoin would go up gradually and it is not something that price will suddenly increased immediately like some persons are thinking. Maybe the price of Bitcoin will not exceed $40k at the end of this year but not minding what could happen in the market because all what we have been doing is just predictions that we need to understand about the market. Anyhow the market moves will determine whether we are right based on the speculations we have written.









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July 16, 2023, 06:00:12 AM
 #80

I don't think there is a maximum size for the price of bitcoin, as long as the community continues to grow while the stock in the market is difficult to increase because it has been determined then the price of $ 1 million will be cheap if it is reached, just like in 2013 when I first heard about bitcoin that time the analysts said that the price $10k is the maximum price, but $10k was reached in 2017 and even in 2021 it touched $68k.
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