Is there still hope for the price of BTC to hit back $69k this year?

[justdimin]

Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal.

I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier.

[traderethereum]

Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.

We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.

I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal.

I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier.

It's okay to have hope like that because at least that's what can keep us from being able to hold on to our bitcoins until they can reach that high price.
And with that hope, we will be enthusiastic to continue adding more bitcoins to get big profits in the future.
But we also have to be aware that holding bitcoins will not be easy because there will be a lot of negative news that will appear to scare weak investors into selling their bitcoins at a low price.
And those of us who have grown used to such news will not be swayed and will instead use the moment of the drop to buy more bitcoins.

[RewFrew]

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

[fuguebtc]

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

[Fakhrulenclix]

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

Optimism is okay but it still has to be realistic, I think so too, it is almost impossible for us to be able to return to the peak of the Bitcoin price this year, from any perspective I think there is almost no hope for us to achieve that.
But talking about the 4 year cycle of Bitcoin, I really believe in that and the price of $69k is the ATH of Bitcoin in 2021, so I'm sure that for us to get back to that price and also higher then we have to wait 4 years after the ATh.

[Hypnosis00]

Judging from the current situation, it seems too hard to reach it. We're not even reaching half of $69k, and from $27k, it was too far to reach $69k in just 4 months unless there is a sudden change in the recovery speed. And besides, $69k is just like a bullish price of Bitcoin and sadly, we're not yet in that position, and even next year, that seems pretty hard. Maybe by 2025 as bull season comes but in this year, I couldn't think about it.
My prediction for Bitcoin this year is $35k - that was close to reality.

[Renampun]

I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community. But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

you have to read the writing that I quoted from an article.

The history of Bitcoin halvings has shown a pattern where before and after the halving, the price of Bitcoin tends to experience increased volatility. In the months before the halving, there may be increased interest from investors and traders seeking to capitalize on the potential price increases following the halving. This could result in a price increase leading up to the event.

in conclusion, usually FOMO will occur before the bitcoin halving, that's what investors do to seek profits in the hope that the bitcoin price will rise then they sell it slowly until the price drops again after the halving occurs. understanding the history of the bitcoin price is important so that you can draw a conclusion, but you need to be reminded that anything can happen to the bitcoin price, you must be prepared to buy or sell, set your target price.

[fuguebtc]

We know cryptocurrency market is always unpredictable. Anything can be happen anytime. But general strategy telling it will not be happen $69k within this year. Now we are in last of August and now Bitcoin price is $26k within 3/4 month's $69k i mean 3x it is very difficult i think. We know for Bitcoin all-time high was $69k which was in 2021. And next bull session coming in 2024 i think, so i am not seeing any symptoms to back $69k in this year. But my advice everyone should Hold Bitcoin not sell now. I think bull session coming within short time. I think bull session will start in first quarter of 2024. Then everyone will happy who are invested in Bitcoin.

Indeed, the future is unpredictable and anything is possible. But if we rely on data like history, world economic situation and what's going on in the market, expecting bitcoin to hit $69,000 this year is really unlikely. We already know about the 4-year cycle of bitcoin, we should not deceive ourselves and set our expectations too high. It just leaves us frustrated and stuck because things don't go as we expected. Optimism is necessary in investing but should not be delusional.

Optimism is okay but it still has to be realistic, I think so too, it is almost impossible for us to be able to return to the peak of the Bitcoin price this year, from any perspective I think there is almost no hope for us to achieve that.
But talking about the 4 year cycle of Bitcoin, I really believe in that and the price of $69k is the ATH of Bitcoin in 2021, so I'm sure that for us to get back to that price and also higher then we have to wait 4 years after the ATh.

While bitcoin won't be able to hit $69k this year or there won't be a new ATH, we shouldn't give up at this point. We are more than 3/4 of the way through the bear cycle and there is only a short way to go before we can pass. There is no reason to give up at this point, I really hope those who are frustrated by bitcoin's failure to recover this year are also not discouraged at the moment. Remember that the longer the bear market becomes fierce, the stronger the bull season will be. We will see a super bull cycle in the next 1 or 2 years.

[kentrolla]

It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

[CageMabok]

It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

This year leaves just one more quarter or so for another four months and that is a very short time in my opinion to achieve a large increase in Bitcoin. And for the time example you said it was an example of a full year's duration so there were some significant increases seen, while this year there was so little time that it's likely not going to be enough if it's targeted at $69K from the $26K price that is currently still visible in the market.

So that kind of example is less worth mentioning now because market conditions and the influences that can bring change to the market are very different at this time, but I'm also still very happy to wait for the return of the bullrun in Bitcoin so that everyone can see higher prices again in Bitcoin even if not in this year.

[Adbitco]

This is the most challenging time even investors should be at alert because you can't truly give accurate results on how the price of bitcoin should move, we know we reached ATH of $69k but can't be same as this year but what i believe is that we must witnessed another new price level that could be higher than the previous price, it may take months or the whole year possibly even next year as we may see it.
So anyone who really wants to take part in next year bull run or which is to come very soon should take advantage of the price now to hold more volume or some units of bitcoin in other not to missed the whole trends.

[Wend]

It would be difficult and there is a very thin possibility of bitcoin crossing $69K mark by looking at current market situation unless it pull out a repeat of 2017 where the bitcoin was trading around $1k at the initial days of 2017 and then it was trading at $4k during August 2017 and eventually crossed $16k by December 2017, hence possibilities are there only in case of bullrun, else we have to wait for little longer as it will gradually happen. At the moment unlike 2017 where we were on upward trend we are on downward trend hence I don't think hitting $69K will be logically possible.

This year leaves just one more quarter or so for another four months and that is a very short time in my opinion to achieve a large increase in Bitcoin. And for the time example you said it was an example of a full year's duration so there were some significant increases seen, while this year there was so little time that it's likely not going to be enough if it's targeted at $69K from the $26K price that is currently still visible in the market.

So that kind of example is less worth mentioning now because market conditions and the influences that can bring change to the market are very different at this time, but I'm also still very happy to wait for the return of the bullrun in Bitcoin so that everyone can see higher prices again in Bitcoin even if not in this year.

Even if we had more time, that would be unlikely. Because if you look back in history and believe in a 4-year market cycle, that won't happen this year. Moreover, the world economic situation is very bad and it negatively affects all aspects of our finances, people are struggling with daily life, don't expect people to invest at this time. Unless we have huge news that could help bitcoin hit $69k this year. Also, don't set such high expectations.

[Yamifoud]

This is the most challenging time even investors should be at alert because you can't truly give accurate results on how the price of bitcoin should move, we know we reached ATH of $69k but can't be same as this year but what i believe is that we must witnessed another new price level that could be higher than the previous price, it may take months or the whole year possibly even next year as we may see it.
So anyone who really wants to take part in next year bull run or which is to come very soon should take advantage of the price now to hold more volume or some units of bitcoin in other not to missed the whole trends.

Indeed quite a challenging situation for newcomers but those who have been here for several years, they'll take it easy and remain calm. Though we don't have any clue what will happen next, somehow we believe that after the dump, pumps will come next. However, I didn't think that the price of Bitcoin would be able to reach $69k this year, surely not. But that can be possible during the bull season which is 2 years from now.
Yes, this is the right time for investors, we can't just let this correction pass by without doing anything.If we still on the plan of buying Bitcoin and potential altcoins, we take this opportunity before the recovery.

[Adbitco]

Snip

Indeed quite a challenging situation for newcomers but those who have been here for several years, they'll take it easy and remain calm. Though we don't have any clue what will happen next, somehow we believe that after the dump, pumps will come next. However, I didn't think that the price of Bitcoin would be able to reach $69k this year, surely not. But that can be possible during the bull season which is 2 years from now.
Yes, this is the right time for investors, we can't just let this correction pass by without doing anything.If we still on the plan of buying Bitcoin and potential altcoins, we take this opportunity before the recovery.

Opportunity comes in every time but the ability for us (investors) to utilize the opportunities is where we are facing challenges because most people would see this as a trap why those who are afraid of losing their funds are somehow skeptical about the market that something very strange could likely happened to the market which might results in another huge dump in the market, whereas whenever the market turns green they all flood to start buying and holding whereby buying should be whenever the price reaches some certain low levels.

[Lida93]

I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community.

You don't wish when talking of the price of bitcoin you just have to get your conclusion/speculations through after doing your technical or fundamental analysis, you don't base your investment on wishes. Even when analysis is done before giving speculations about the future price yet it doesn't work as speculated not to talk of a wish.

But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

Wether we like it or not, the all time high will not be possible by end of this year as we had earlier thought of from beginning. With the current bitcoin price at 26k$ right now we can't tell if it will go down below or go higher above 40k by the end of this year 2023, I can't say about hitting back the 69k$ ATH, but if you're a good holder continue holding the bull run we all expect is possible at most by 2025.

[ScamViruS]

Even if we had more time, that would be unlikely. Because if you look back in history and believe in a 4-year market cycle, that won't happen this year. Moreover, the world economic situation is very bad and it negatively affects all aspects of our finances, people are struggling with daily life, don't expect people to invest at this time. Unless we have huge news that could help bitcoin hit $69k this year. Also, don't set such high expectations.

Agreed, there is no strong market news yet to take Bitcoin to its new ATH. The global economic slowdown is a major reason for the downtrend in the market. It is not really logical to think of investing when it is becoming difficult for people to meet their daily living expenses. The crypto market is also very connected to the traditional market, so it is natural that the impact of the economic downturn will also affect the price of Bitcoin. I don't think Bitcoin will even come close to the new ATH this year, it seems pretty much impossible. But we can think positive for the next year, maybe a new bull market can be prepared to start from next year.

[Unbunplease]

The price is likely to return to the 69000 level in 2024 or early 2025. A halving of bitcoin will occur in April 2024, and it is unlikely that the manipulator will start raising the price before halving. We can expect a sharp price drop this year or early next year, followed by a rapid price increase. Not all coins are out of weak hands yet

[fullhdpixel]

Well that would be nice for us to see BTC price to recover back to the all time high in the next 4 months in the year. But I think we maybe will see some more losses and not much gains.

There is a channel I follow called DataDash. And the founder Nicholas Merten is saying things will get much worse for Bitcoin and we will tumble further then at this moment. I really hope he is wrong on his prediction.

Maybe you are right with that because lately it is said that the founder of Ethereum (Vitalik) have transferred a big amount of ETH on some exchange and is planning to sell it. I guess that can crash this market once again. Other than that, I have read a couple of bad news earlier about cryptos.

For now the price of BTC have risen a little. It is now on $26k from the former $25k but we or others who are not aware yet should not celebrate for the reason that we talked about earlier. Don't worry mate because if not from this year, we will surely recover to $69k next year or two. I'm sure about that because that is also what others are thinking.

[Asuspawer09]

I was waiting for the price of BTC to reach $40k in this month of August, before I will believe that $69k is possible before the end of this year 2023 which is the wish of many investors in the community. But the price started decreasing from $30k to $26k to create a great fear into the mind of those that is hoping for the price to increase above $30k before they can start thinking of how to visit the market to supply to make a good profits. With this slow move of the price of BTC in this season, I don't think the price will hit back to $69k before the end of this year because the green light is not stable like the way it was stable last two years to reach $69k for both long term investors and short term investors to experience huge amount of money from their investment. Do you believe that there is still hope for investors to experience $69k this year? Because we just have 3 months and some weeks before the end of this year. What is you hope for this current price?

Review the market price of Bitcoin, analyze the market, check the Bitcoin timeline, and check for catalysts. I mean for sure it is realistic for the market price of Bitcoin to reach or surpass 69k$ for sure just because of the Bitcoin adaption which is huge compared to the past year I could easily bet that the all-time high is going to be higher or probably 2x or 3x realistically. The market has its cycle so you could easily expect that price again in the Bullrun.

I just dont think that it is going to happen this year probably we can expect the market price to increase at the end of the year just because we are already getting near the Bitcoin halving and most of the time it's probably going to pump the market end the end of the year until march next year if you're going to check the bitcoin halving in the past years you could easily see that the market price pumps after the bitcoin halving and before. In my opinion, the bull run is going to happen after 2 years, probably in the end of 2024 or 2025.

[Negotiation]

And the founder Nicholas Merten is saying things will get much worse for Bitcoin and we will tumble further then at this moment. I really hope he is wrong on his prediction.

I think is a wrong prediction because if the price of BTC go down more than $20k this year,it will be difficult for holders to breath well because many are waiting for the price to go higher before the end of November so that they can sell to start buying Christmas and new year things. this prediction will not stand because the price of BTC is still standing in $26k which the price can still move to reach higher in a way people will believe that the price will reach $50k next month.

Bitcoin has a long term future one challenge is the volatile and unpredictable nature of the cryptocurrency market, which makes it difficult to predict the value of bitcoin or other cryptocurrencies over time. Bitcoin's all time highs and lows are driven by its supply and demand. High demand and limited supply cause the price to rise and low demand and excess supply cause the price to fall. Bitcoin reached an all-time high of in November 2021 it is true that even if bitcoin is currently at an all time low its value will rise.