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

[Zanab247]

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?

[Oshosondy]

I idid not predict all-time-high this year, although I predicted that the price would be within $30000 to $40000, but I thought that bitcoin will reach $37500 or close to $40000.

If you want all-time-high, continue to hold your bitcoin and do not sell. All-time-high would be 2024/2025.

[Texac]

That is a very high and unrealistic expectation.  I don't know how long you have been in the market but if before investing you did your research about the history of bitcoin. I believe you will also know about the 4-year cycle of bitcoin and you will not set such unrealistic expectations.  not a single investor expected bitcoin to hit $69k this year because everyone knows it's impossible, except for the newbies or those who already bought bitcoin at that price.

I even doubt that bitcoin cannot hit $40k before the end of the year, let alone have a higher price.  this year is still a year of accumulation rather than thinking of some kind of bull run.

[Franctoshi]

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 great fear in the mind of those that are 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 profit. 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 the last two years to reach $69k for both long term investors and short term investors to experience a 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 your hope for this current price?

Op, Hope is not lost and even though the market seems to be moving slowly lately, However, everything can as well happen faster than expected just with time. We still have four months left before the end of the year, so there is still a possibility that we could reclaim those levels or somewhere close to the price in the coming weeks and months. From what I could see from the indicator which I use that normally gives me a reversal signal, we have already gone oversold daily, and any further correction may result in the liquidation of shorts.

[michellee]

What if the Bitcoin price cannot reach $69k before the end of 2023? Are you going to sell your Bitcoin or keep holding it until it reaches $69k, even if that happens in 2024? You already have the predictions and can predict that it will reach $69k after the end of the year, so there is nothing to worry about.

This year may be the last year for us to buy Bitcoin at a price below $ 30k because it could be that starting in the following months, the price of Bitcoin will start a long rally until before the halving and will make another correction. The $69k price is not a target for investors because investors already have a higher price target, and they may be waiting for the Bitcoin price to go above $80k-$150k.

I hope to accumulate more Bitcoins starting at the current price or even lower and hold it until next year or until the price can go above $ 80k- $ 120k. And I can still hold my Bitcoin longer to wait for the price to make a new ATH again.

[mk4]

If there isn't any hope of bitcoin breaching the $69k top I wouldn't be holding bitcoin anymore and I'd probably leave this forum completely. It's that simple. As for this year though? Maybe, maybe not — but I'm betting on no; but it ain't no problem for me as it just gives me time to accumulate. If you're not patient, then bitcoin and investing in general is simply not for you.

[$crypto$]

Everyone can expect to want bitcoin back at its previous ATH by the end of this year but for me that's not certain given the continued negative market sentiment, but I don't know what happens as that would be out of my own mind, I'm targeting maybe $40,000 is still very much a possibility.

If you want all-time-high, continue to hold your bitcoin and do not sell. All-time-high would be 2024/2025.

Yes don't expect too much this year, if he wants to make bigger profits wait until the halving happens, and see what happens after that maybe at the end of 2024 it will be a surprise high price.

[South Park]

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?

The 69k level will most likely be reached and surpassed during the next bull run, however your mistake was thinking this could happen during this year, in my opinion there was no hope at all of that price being reached during this year, so I do not know where you got the idea that this was somewhat possible, however do not despair this just means that you are going to need to wait and hold your coins for a longer period of time than what you thought but that is all.

[Falconer]

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?

There is always hope, but the reality is never certain.
I've always believed in the potential for a more expensive bitcoin price year over year, but I don't have much optimism to see $69k hit this year. While you may believe in the odds, I don't think $69k can be hit if there isn't huge demand support.

$69k could be reached after the halving, but there has been much speculation that we will be close to the previous ATH before the halving occurs. That means bitcoin price could be close to its previous ATH value before 2023 ends, but I'm not that optimistic.

[Mr.suevie]

I idid not predict all-time-high this year, although I predicted that the price would be within $30000 to $40000, but I thought that bitcoin will reach $37500 or close to $40000.

If you want all-time-high, continue to hold your bitcoin and do not sell. All-time-high would be 2024/2025.

The year is almost gone and we have seen that the price is still staggering at 26-30k which was really Unexpected because like you I aslo expected and speculated the price of bitcoin to be about 35-40k by the end of year but notwithstanding no one should definitely expect BTC to hit 69k this year because from past research it's very clear that the price always pump and shoots up almost after the halving is over which is not happening anytime in this year

[ajiz138]

Not sure. I'm not so sure it's going to happen this year I'm a bit skeptical.
Not so much hope for this year when bitcoin, for example, at the end of the year is at the $40K level, it's already good to start the end of the year ahead of the halving but the reality will be wild because we think bitcoin will be stuck between the $30K - $35K area.
News will continue to arrive whether negative or positive all of it will affect the price of bitcoin because there is sentiment that makes it move.

[Stepstowealth]

Do you believe that there is still hope for investors to experience $69k this year?

If it gets to $69k this year? then what next? are you planning to sell at that point when you know a halving is coming, or is it some kind of assurance that the prices will hit the roof after the halving? maybe so. Be more concentrated on accumulating bitcoins than setting price targets you expect bitcoin to reach. You will get disappointed and may be discouraged from keeping the bitcoins you have if bitcoin price does not go as you expect within the time you expect the positive change in price.

[milewilda]

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?

Better not make yourself that too hopeful or being that optimistic towards the price for this year. Reaching out even 40k or 50k would be questionable, how much more on breaking that ATH? Im not saying that its impossible since we've seen on how Bitcoin did always make surprises in regarding about its price movement on which it would really be just that common that people would really be having these kind of insights in speaking about
price predictions. Well, everyone does have their rights and opinions about price predictions or numbers that they do have in mind but honestly its better that you should really be minding that much on what are the digits
that we could be able to see for this year and basing up on the price that we are seeing now which we are already seeing 25k+ which there are some people recently been guessing up for this price to happen
which its a good call. Some do even tell about this dip and then we would be kicking in 35-40k but not on that previous ATH that we do have. So its your choice on what would be your positioning in speaking
this price volatility.

[JoyMarsha]

The $69k mark for bitcoin this year is a long way off. The year 2024 or 2025 will see Bitcoin reach or pass the $69k mark. At that point, there will be a chance for bitcoin to reach a new all-time high. Only after the halving season will that occur. Regarding this year, Bitcoin can only increase to at least $35k-$40k

Bitcoin's price is currently $25,800. By the end of August(a week to the end of the month), it is probably going to be $23k(not quite sure). Bitcoin is in its "red zone" this August. Until we hit September, we won't know whether it will continue to be red zone or move to the green zone next month. 

[hatshepsut93]

There was never such chance to begin with, because bull market only starts around or after the halvening. And it takes some time to reach the peak of the previous bull market. And I suspect this time it would be way harder to achieve that, because halvenings play smaller role in reducing supply. Well over 90% of all coins are already mined. So 69K shouldn't be viewed as a given, it's would be a significant milestone if/when it will be reached again.

[Smack That Ace]

OP, from everyone's comments, you can see that no one is optimistic and confident enough about the $69k price for this year, I really don't understand on what basis you have such high expectations.

I recommend redrawing yourself a new plan, one that is less ambitious and realistic. To do that you need to study the history of development of bitcoin. Don't just set expectations according to your wishes because bitcoin does not move according to anyone's wishes. We should follow the market, not force it to our will.

[armanda90]

For Bitcoin raising up back to $69k need up above 70% with current bitcoin price right now around $26k, how it possible when bitcoin getting pump without few percent and several days later get bigger percentage correction than up price. I don't think easily for bitcoin hit back to $69k although there are not any impossible thing with cryptocurrency price exactly with bitcoin price.

Lets realistic looking bitcoin current price right now, seems possibility with bitcoin get chance up around $40k to $45k and I don't expected more with bitcoin hit back to $69k in this year. Except when closing with halving time has chance for bitcoin up to higher price depend at the end this year bitcoin stable around $30k or hit to $40k.

[adaseb]

It seems impossible but you never know. If the etf is approved then I can see it happening. Look what happened after Elon bought Bitcoin back in 2021 how fast we rallied. However I just don’t see us breaking ATH this year maybe 2024.

You also need to understand the stock market looks toppy due to all the rate hikes and all the present inflation we still have. Economy is strong but if a recession will start then it’s not bullish for crypto.

[G_Besar]

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?

What I'm hoping for is a market recovery to get even better before next year, even if it's not for $69k this year. Since the current price is still quite low compared to the $69k price for this year so the possibility of not enough time for Bitcoin is much bigger than a sharp increase to get to the $69k price within this year, but I am still more optimistic for the $40k price by the end of the year because it is more worth hoping for than there may be more time for Bitcoin to hit when there is a more definitive recovery in the market, as the difficulty of more price increases is still likely to be seen now.

[kotajikikox]

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?

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Hope? there will always be mate , but this year? lets not brag you into someting
that might look impossible to happen(though of course i am not rooting for stagnant price)
bitcoin has a long way to go before breaking its ATH again and also Bitcoin did not even reached 69k in the first place.
though it is closer that that value.yet we did not Hit or break 69 thousand dollars value.