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

[mich]

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.

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[peter0425]

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.

it may, some said that there will be a chance to full back down to 20k or even lower but hoping to not see that happening at least not this 2023.

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.

another channel mate? lets not fall into fun in which mostly making the market harder to recover .

[YUriy1991]

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?

There may still be room for further downward movement before the market reaches the seller saturation point. At this stage, investors may still be hesitant to enter the market, even though positive sentiment is claimed to have started to appear. What is certain is the time to buy, for those who have funds, it is better to be an investor or other financial institution and be prepared for all the worst possibilities that will occur in the next few days unless you are a hodling type buyer, that's safe.

So, listening to what you said above, considering it's 3 months and a few weeks before the end of the year is there still hope for investors to raise $69k this year? I think it's very possible with a special note if even better regulations are born and don't bother market players.

[Xcode7]

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.

I don't know why I believe in these predictions even though I don't want to, I think so after considering what happened a few years ago and also some movements throughout this year, indeed it is just an uncertain speculation.
And to see Bitcoin price again at all-time highs after 2021 is very possible in my opinion and I believe it will be a 4 year cycle and if that is true we certainly won't see it this year.
This year started with a sharp correction, even though it had recovered a bit but now the price is slowly starting to come back down, I'm not sure we will have a big bull this year which will end in 4 months.

[mirakal]

I’m always hopeful that btc will eventually recover and surge high again until it surpasses its previous all time high. But seeing the slight movement in its price hike, I don’t think hitting $69k again will be possible this year. However, I’m not closing doors to the possibility also that it will eventually reach another all time high, higher than its previous ATH. Just remember that everything is still possible with bitcoin. It can be a lot surprising at some point, just like reaching its new all time high way back 2017 when everyone else is not expecting a very bullish market.

[Zanab247]

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.

[Nwada001]

Me I don't see $60k happening this year again, as I can't even remember thinking that will ever be possible as well this year, although Bitcoin price can be funny sometimes, but the price difference from the middle of the year till now requires Bitcoin to do more than 2 X before it could actually break $60k, and I see the year already far gone for that to really happen.

With all the recent happenings surrending Bitcoin, both the negative news, which usually brings down the price a little bit, and the news of the ETF, which has done its part by pushing the price forward, I can only predict that Bitcoin can just be around the range of $35–$40k at the end of the year.

[mk4]

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.

He may be right or wrong, but stop listening to these YouTubers. This YouTuber in particular just flip flops his sentiment every few days/weeks just to get as much views(and ad revenue) on YouTube.

Also, check out this coin he's shilled back then: https://www.coingecko.com/en/coins/unibright

[Wexnident]

Highly doubt it. We'd most likely see bigger prices by the end of next year or so, wouldn't expect anything big this year. I highly doubt we'd see any major drops, unless a big holder like SpaceX suddenly sells their hold again. Besides the $69k mark can be said to be the bullrun mark, so expecting it to happen this year sounds like a dream. If we refer to past bull runs, it usually happens a few months (half a year to a year) after the halving itself, so expecting it by the end of the year before the halving is kind of dreaming.

[Finestream]

Honestly, it’s a rare possibility that bitcoin price will hit back again at $69k seeing we are already at the last quarter of the year. And at this moment, there’s still no big events that are predicted to happen in the market that will eventually make the price to skyrocket again. Although we don’t know exactly what this last quarter of the year will have an effect to bitcoin, but if there’s any, I think it’s only a small price upgrade that’s definitely below $69k.

[bakasabo]

My suggestion would be, that instead of hoping if "cryptocurrency" would hit "<insert price>", learn how to trade. It is risky, but imo it is much better than just sitting and waiting. Trading would stimulate crypto movement, and it would act positively on a growth.

Regarding the price, there is only one quarter left in this year. I havent seen for a long time Bitcoin gaining thousands in a short period of time. I would not hope to see $69k on December 31. I would be happy if Bitcoin would get strong position above $30k, because so far Bitcoin only tested this price several times this year.

[bluebit25]

It's hard to speculate in the short term, but I understand that the price will rise past the old ATH mark just don't know the exact time, maybe the psychological game makes many people lose patience to empty their pockets. them and an opportunity for others. Looking at the year-end plan, I think there will be important milestones for bitcoin to form a new uptrend, but first of all, in the current context everyone is expecting (maybe some) bitcoin price to drop further. Currently, as well as there are many bad news about the economy, the money flow into the investment markets will not be very feasible.

I know that some people are short term, and timing can be bad luck or bad luck for anyone, there are different circumstances that come up, like if you just started investing with bitcoin. From the beginning of 2023 most of us are profitable, expectations let it happen and no need to impose time on them, all you need to do is be patient.

[Marvell1]

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.

No one is wrong and no one is right because that is the future and as we all know bitcoin is unpredictable. The better thing we should do is always have a plan for 2 scenarios, not too subjective and not too pessimistic with our investment. Furthermore, if you believe in history repeating itself then you should believe in the scenario where bitcoin will drop to $20k again and I don't rule it out either. Things will not be as easy as we would like and that is why people think this is a very fierce market.

[Lucius]

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.

There are many of you who live in some of your illusions and wait for something to happen, regardless of whether you even think about what moment you are in and align your expectations with that. Expecting some kind of bull run in the year before the halving literally shows a misunderstanding of the fundamentals of Bitcoin, especially when it comes to the price of the same.

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?

Why would the price of 1 BTC be approximately $69k by the end of this year, will the good fairies or Santa do some magic to make it happen?I think that it is possible that this is not the last dip, and that means that it will certainly not be easy for some of you who are obviously on unknown ground in the expectation of reaping the fruits of your investment.

[Sim_card]

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?

Bitcoin price wouldn't reach $69k this year because if you look at the current price at $26+,you will understand that bitcoin this time needs to break $31k resistance price before we can hope to see a price above that. It has shown clearly that the current price of bitcoin might remain like this for the next two months before we see a pump. My speculated price for bitcoin this year ending should be around $35k-$45k. It is after bitcoin halving that we can expect a price that will get up to $69k. The making presently is offering discount on bitcoin price so it is better you DCA or just be patient with your investment till the next bull run coming up 2024/2025.

[WatChe]

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.

[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.

[Alpha Marine]

I never hoped for anything higher than $40k this year. Even the 40,000 dollars was a reach I know but I just hoped.
My personal speculation for Bitcoin price was somewhere between 35,000 to 40,000 dollars and with the way things are now the chances of that happening have gotten slimer.
I like to be very realistic in my speculations so I won't get too disappointed. One thing I still have a lot of faith in is that Bitcoin will definitely go above $30k this year, I'm sure of it. I also believe it can get up to 35k but that's a very slim possibility.
We're not going to see a new all time high this year or anything close to that. 

[WatChe]

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.

All Bitcoin Hodlers want the price to go up but at the same time we need to be well aware of Bitcoin price volatility. I dont think current situation is much to worry about, its just a normal correction after a stability at 30k$. Such corrections are beneficial in a sense as they test the nerves of HODLers and made them more strong. For long term investor one need to be able to withstand such situations. When Bitcoin goes up everyone is excited but when it goes down we need to be patient.

[traderethereum]

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.

All Bitcoin Hodlers want the price to go up but at the same time we need to be well aware of Bitcoin price volatility. I dont think current situation is much to worry about, its just a normal correction after a stability at 30k$. Such corrections are beneficial in a sense as they test the nerves of HODLers and made them more strong. For long term investor one need to be able to withstand such situations. When Bitcoin goes up everyone is excited but when it goes down we need to be patient.

Yes, all bitcoin holders want the price to go up.
But bitcoin holders also want the price of bitcoin to fall so they can buy more bitcoins.
And I agree with you that there is nothing to worry about with the current state of the market.
And strong hodlers will not be affected by the current conditions because they are very happy to see the current market conditions and have bought some bitcoins as their long-term investment.
Yes, we have to be patient with this situation and rest assured, everything will end with a beautiful smile.