What are your predictions for the state of Bitcoin in 2024?

[Baki202]

2023 was certainly a prosperous year for bitcoin, not a worst year for bitcoin. Unlike 2022, bitcoin price by 2023 has made a significant price surge for bitcoin that made the people surprised to see it happening all of a sudden especially when the fake news for SEC approval has arise. Plus having the fact that bitcoin halving is coming near, the crypto market was very positive that year that made bitcoin to stay above $40k.

For 2024, I am expecting to see bitcoin more positive than 2023 most especially that SEC has finally approved bitcoin ETF, and that we are close to the next bitcoin halving that is bound to happen this year. A lot are preparing for bitcoin halving as it could lead to a new all time high for bitcoin.

There was some market improvement in 2023, at the very least, and significant market correction in 2023 due to significant damages caused in 2022. The best year will be 2024 if 2023 was a good year. I continue to wonder if Sec is merely inventing alternative justifications for why they were hacked, or if they are genuinely seeking for new means of controlling the market. The market will begin to decline as soon as there is any bad news.

There are a lot of benefits, and now is the right moment to keep onto bitcoin if the Sec could only approve the ETF. This would be another opportunity to raise the price in addition to the impending halving. Because there will be a huge surge if Sec approves the halving. And of you look at the situation a lot of people have hold for a long time so profit is behind the holding.

[IvugeoEvolutionCoin]

Not expecting too much I think 2024 is the halving season starting year. If we see the history price of bitcoin then we will see that the price of bitcoin always start the bull run after the ending of bitcoin halving season not in the halving season. But bitcoin ETF approval accepted now in this month so we can see a positive effect on bitcoin price for this.

I am very worried about the state of the bitcoin market. The bitcoin market fluctuates almost daily and I want to know if there is a possibility that the price of bitcoin will go to 50k$ within this year. I bought bitcoin a few days ago because I can imagine that the bitcoin market can be very good.  .Now if the price of bitcoin goes to dumping then maybe I will have a lot of loss. Now I am very worried about investing in bitcoin.

[EarnOnVictor]

Not expecting too much I think 2024 is the halving season starting year. If we see the history price of bitcoin then we will see that the price of bitcoin always start the bull run after the ending of bitcoin halving season not in the halving season. But bitcoin ETF approval accepted now in this month so we can see a positive effect on bitcoin price for this.

On the other hand, if you look at every halving year, then we should expect bigger things to happen specially that it is the catalyst for a bull run. It could be as massive as the last time, and I think majority is seeing at least $100k as the next all time high.

And with that, we should be very excited once again as the bear market is officially over once we are in the post halving. Bitcoin ETF approval should just be another factor to add to the positive sentiments of the market for this year so let's wait and see how everything will settle in the next 10 months or so.

It is going to fly higher! I don't think there is any controversy about this, Bitcoin is moving higher, and we should not mind what is happening recently which is highly discouraging, it is temporary, especially after the ETF approval. This is well-expected by me, the hype of the ETF approval was too much, it is always like that, and the market will not be freaked again when it eventually gets approved. This is what we are experiencing now, but with time Bitcoin will move higher and will hit $100,000 for sure even if it doesn't move higher than that. One thing that is sure is that the next ATH will be determined in the next post-halving season, and we are all waiting for halving to happen, which will erase all that is happening now in the Bitcoin market.

And for the approval of the ETF, this year's halving might be greater in bullish effect, only that since the market has been inculcated into the mainstream of the financial market where institution traders/investors have taken over, the growth might no more be as people are saying, nonetheless, it should be sizeable enough to give people profit, especially those who can buy it through the futures market.

[bluebit25]

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

Ignoring the mistakes the OP mentioned, I think you need to be more serious before giving out any information.

And 2024 speculation is abound, you can also see a lot of speculation on social media. Mostly I see optimism following the approval of the Bitcoin ETF, and the perception that we will soon see stronger price increases. Although I am also very optimistic, I probably still maintain the view that after the halving, the bullish cycle will really occur, and the volatility will be around $20000 - $65000.

Anyway, everyone has their own strategy and access to price speculation to make their own choices. Looking at the long term, there is no doubt that if everything is guaranteed, bitcoin will always bring profit.

[wallet4bitcoin]

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

We all envisage a bright future for Bitcoin in 2024. Some speculators have actually predicted Bitcoin to be over $100k in 2024, especially with the approval of BTC ETF approval but the recent turn out of events has actually posed as a serious challenge to those speculations except the institutional investors start playing big in the space.

[ChiBitCTy]

I honestly expected a lot more out of bitcoin when the ETF news finally hit this week.  I knew that all the rumors and discussions going on about bitcoin over the last few months had "fueled the fire", so to speak, where bitcoin did sort of already have the news of the bitcoin ETF being approved baked in to the price.

I thought for sure once it was announced btc would fly past 50k, but I of course was wrong.

[jaberwock]

Not expecting too much I think 2024 is the halving season starting year. If we see the history price of bitcoin then we will see that the price of bitcoin always start the bull run after the ending of bitcoin halving season not in the halving season. But bitcoin ETF approval accepted now in this month so we can see a positive effect on bitcoin price for this.

On the other hand, if you look at every halving year, then we should expect bigger things to happen specially that it is the catalyst for a bull run. It could be as massive as the last time, and I think majority is seeing at least $100k as the next all time high.

And with that, we should be very excited once again as the bear market is officially over once we are in the post halving. Bitcoin ETF approval should just be another factor to add to the positive sentiments of the market for this year so let's wait and see how everything will settle in the next 10 months or so.

Halving definitely brings in the storm with it, do not look at all these drops and rises that we have today, these are market movements and they happen all the time, there is nothing wrong with them, I think the most important part would be just assuming that we are going to be dealing with something much bigger in a year.

Yes, it is going to be tough to wait it out, and I understand that when it's low and we accept that but right now we do not know if it is going to be low or high in the short term, so that makes people worried. I would say do not make short term plans and invest for the long like a year ahead or two years ahead. That would make you do a lot better when the time comes and you should feel better about it.

[doomloop]

Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.

I don't think you've been following the market closely because you need to get your facts checked. 2023 wasn't worse for Bitcoin and the market because the market started recovering when we entered 2023. Bitcoin managed to reach $28k from $17k in the first couple of months in 2023, and by the end of the year, the price of Bitcoin reached about $45k. So, I don't see how and on what basis you are saying that 2023 was much worse for Bitcoin and the overall market.

If we talk about 2024, it is going to be a part of the recovery process, but I don't expect a lot of action in 2024, at least not until the halving event occurs. We might see some surprising ups and downs after that which will occur in April. So, these three or four months are almost going to go with the market going mostly sideways.

[kryptqnick]

People have already pointed on the mistakes in the post regarding the past and the prices, so I'll focus on the main question about 2024. It seems to me that, over the last year, Bitcoin has been gradually growing in value, and this trend continues so far in 2024. Of course, there are some corrections along the way, but then recovery happens pretty fast, and Bitcoin continues building up value. I expect 2024 to be a good year, a year during which this build-up continues, up to a new ATH being reached in Q4 2024 or so. There can always be unfortunate surprises like major negative regulation decisions, crashes of major crypto businesses, etc., so things can still go South. But that would just postpone the inevitable by a few months, so to speak.