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

[Mpamaegbu]

I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.

[Aanuoluwatofunmi]

Bitcoin will always make the move to rally round the bull market and increases in value, no matter how it go dip, there's always a confidence in its ability to rise back, what we may see this year is something close to $68,000 by the end of the year and if we aren't that close to such, there's more chances that we are likely going to experience upto $50,000 then maybe next year before the halving gets to $68,00 in view which will then mark the beginning of a bullrun.

[Nrcewker]

This year it is almost impossible to be honest. Moreover many have predicted that Bitcoins will reach the new ATH price in 2024, as Bitcoins have always followed the 4-year price cycle and 2024 is the 4th cycle. So don’t keep any hope from 2023. In the meantime just accumulate as many Bitcoins as you can in this low price. Once Bitcoins reaches the early 2024, it will grow up and won’t stop. So act wisely and quickly.

[CageMabok]

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.

If we look at the history of the market cycle for every four years. So the price increase will start next year not this year because the all-time high increase has occurred in 2021 and this year clearly has not reached a four year cycle as has happened in history so we need to expect it starting next year even though not immediately for $69k. But at least you can see better price improvements next year by not ignoring global economic conditions too, because there is an impact that when economic conditions become increasingly difficult in life, there will not be many people who are able to invest in anything.

[YOSHIE]

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.

August 2023 is over, the crypto market especially Bitcoin is getting worse, let alone $69k, reaching $30k is very difficult in August for various reasons, it seems you have to be patient in the current crypto market situation to reach the $69k level, maybe not now.

I've seen speculation and predictions from one source, which I think may be fairly accurate from year to year, where they mention speculation for Bitcoin in 2023 not moving beyond $30k, game around $25k to $30k, they say something new will happen to the development of Bitcoin in 2024, that's speculation they are monitoring, we'll see what the next direction will be, hopefully it will be better in the future.

[BITCOIN4X]

~Snip

I've seen speculation and predictions from one source, which I think may be fairly accurate from year to year, where they mention speculation for Bitcoin in 2023 not moving beyond $30k, game around $25k to $30k, they say something new will happen to the development of Bitcoin in 2024, that's speculation they are monitoring, we'll see what the next direction will be, hopefully it will be better in the future.

If that's what they say, then I hope you will refute it vehemently. I mean bitcoin has crossed $31k in 2023, but it went down for some reason. After all, $30k resistance is not the strongest to expect to hold until the end of 2023, but there is a lot of possibility that $30k will become a support level in the coming months leading up to the halving.

[Odohu]

It is good to have huge expectations about price but we should be realistic in doing that. Checking the historical data of Bitcoin, you will notice that for any new ATH, there must be something to propel it, one of those being halving. The halving is billed for next year so, since no major event this year, I wouldn't expect to see such huge prices yet.

However, anything is possible considering the developments in the world. Some countries might just resort to using Bitcoin to avoid the political uncertainty in the world and this is enough to propel price upward.

[dansus021]

I dont think we are gonna see btc hit back 70K or hit new ATH this year my best guess is that would touch 40K is top or sideaway in 30K unless there is super good news that happen like US start legalized crypto as everyday payment like Elsavador did 

[savetheFORUM]

I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.

Technically, it's not possible for the price of Bitcoin to hit that mark within this year since we know how unpredictable the market is and if people and institutions start buying all of a sudden, we might see the bull run starting very soon. However, if we see logically, it sounds unrealistic for Bitcoin to reach $69k only within this year when we only have 3 months left for the year to end and Bitcoin is still around $26k and it will need to go up by $43k in 3 months to reach that mark.

I'll be more than happy if Bitcoin even manages to hit $40k this year which doesn't look like happening anytime soon considering how weak the market is looking at the moment. A quick pump is only possible if all of a sudden a couple of good news hit the market and people become more confident and start buying instead of panic selling.

[posi]

I will be shocked (pleasantly though) if Bitcoin ever gets anywhere close to $50k this year, let alone to its present ATH of $68k+. It's a tall dream if we expect that to ever happen this 2023. We can dream of such price level in 2024 and that will be even after halving. My prediction for the next ATH is in 2025 and that will see price above $120k to $150k, expectedly. I just hope it doesn't disappoint after halving anyway like what some cryptos do. They just drop value.

Technically, it's not possible for the price of Bitcoin to hit that mark within this year since we know how unpredictable the market is and if people and institutions start buying all of a sudden, we might see the bull run starting very soon. However, if we see logically, it sounds unrealistic for Bitcoin to reach $69k only within this year when we only have 3 months left for the year to end and Bitcoin is still around $26k and it will need to go up by $43k in 3 months to reach that mark.

I'll be more than happy if Bitcoin even manages to hit $40k this year which doesn't look like happening anytime soon considering how weak the market is looking at the moment. A quick pump is only possible if all of a sudden a couple of good news hit the market and people become more confident and start buying instead of panic selling.

One more thing, if you look at the current economic situation, inflation can return at any time so it is unrealistic to expect bitcoin to return to $69k this year. While we always comfort and encourage each other to buy as much as possible every time bitcoin drops in price, I don't think many people buy bitcoin because inflation is draining us economically. Therefore, expecting large buys over the past year to pull the market up is an impossible task.

I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.

[South Park]

One more thing, if you look at the current economic situation, inflation can return at any time so it is unrealistic to expect bitcoin to return to $69k this year. While we always comfort and encourage each other to buy as much as possible every time bitcoin drops in price, I don't think many people buy bitcoin because inflation is draining us economically. Therefore, expecting large buys over the past year to pull the market up is an impossible task.

I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.

I think the same, if the price of bitcoin reached 40k or 50k I will be suspicious about it as that is too close to the all time high already, in order for this to happen then something huge must happen that forces people to adopt bitcoin and make its price to go up thanks to an increased demand, after all if bitcoin ended up reaching those prices now then the bull run will probably end up being way bigger than our current expectations, not that it would bother me but I simply do not see it right now.

[OgNasty]

It’s too early for Bitcoin to hit new highs. I would expect that this won’t happen before the halving regardless of what desperate companies try to tell you with $100 bets and podcast posturing… There’s still plenty of time before we’re back above $69K, but I do believe we’ll be headed that direction by the end of the year.

[irhact]

However, anything is possible considering the developments in the world. Some countries might just resort to using Bitcoin to avoid the political uncertainty in the world and this is enough to propel price upward.

If this happens bitcoin price will see a rise but it won't propel it to above $69k, the most important thing that can propel the price of Bitcoin to $69k is when the halving is completed. Most individual uses halving as an indication of the start of a new bull market and that's why halving is a very important event that many individuals look forward to. Most investors will only start buying Bitcoin when the halving event is getting closer or as soon as it gets completed.

$69k is an impossible number for Bitcoin price to get to for this year, I think what's is more important is for Bitcoin not to fall below $20k again because the market will surfer more from such movement. If the market trys to stay above $30k while we end the year that'll be nicer.

[posi]

One more thing, if you look at the current economic situation, inflation can return at any time so it is unrealistic to expect bitcoin to return to $69k this year. While we always comfort and encourage each other to buy as much as possible every time bitcoin drops in price, I don't think many people buy bitcoin because inflation is draining us economically. Therefore, expecting large buys over the past year to pull the market up is an impossible task.

I don't even believe bitcoin can reach $30k before the end of the year, let alone $40k or $50k. The market is really getting too bleak and boring.

I think the same, if the price of bitcoin reached 40k or 50k I will be suspicious about it as that is too close to the all time high already, in order for this to happen then something huge must happen that forces people to adopt bitcoin and make its price to go up thanks to an increased demand, after all if bitcoin ended up reaching those prices now then the bull run will probably end up being way bigger than our current expectations, not that it would bother me but I simply do not see it right now.

If talking about the upcoming price increase, I have the opposite thought. Even if bitcoin doesn't hit 40k or 50k by the end of the year, I still believe we will have a big bull run that surpasses our expectations. Because I also believe that 2024 and 2025 will also be the time when the world economy enters the recovery phase. We can't stagnate and inflation goes on forever, that hasn't happened in the past. That's why I advise everyone to focus all their resources on accumulating bitcoin, this is not the last chance but it is a huge opportunity, we should not miss it.

[JoyMarsha]

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.

Actually, many crypto investors want to see the price of bitcoin soar since it will bring them profits, but not at a price that is too high or above what they had anticipated ($69k) this year. 
Bitcoin will cost $69k when the time is right. There is no need to concentrate on that price right now because it won't happen this year and there won't be an important event that will drive bitcoin's price to $69k before the year is through. By the way, 2023 will finish in three months. Hopefully, by 2024/2025 you and I will be looking forward to the $69k price of bitcoin

[serjent05]

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.

Actually, many crypto investors want to see the price of bitcoin soar since it will bring them profits, but not at a price that is too high or above what they had anticipated ($69k) this year. 
Bitcoin will cost $69k when the time is right. There is no need to concentrate on that price right now because it won't happen this year and there won't be an important event that will drive bitcoin's price to $69k before the year is through. By the way, 2023 will finish in three months. Hopefully, by 2024/2025 you and I will be looking forward to the $69k price of bitcoin

Who would not want their Bitcoin portfolio value to increase, it is obvious that we all wanted it to go up in value and I do not see any fault on dreaming it to went very high in value.  People are free to dream anyway, but apart from dreaming, we must stay in reality because it will make us crazy if we don't.  So I guess Bitcoin recovering $69k this year is too much.  I believe we might cross that price again somewhere during the bull run in the year 2024 or 2025(more probably this year) when Bitcoin price is gearing to break its ATH.

[gunhell16]

Bitcoin will always make the move to rally round the bull market and increases in value, no matter how it go dip, there's always a confidence in its ability to rise back, what we may see this year is something close to $68,000 by the end of the year and if we aren't that close to such, there's more chances that we are likely going to experience upto $50,000 then maybe next year before the halving gets to $68,00 in view which will then mark the beginning of a bullrun.

But this time we are not in an uptrend situation, instead, the market is still in a bearish downtrend. Crypto traders don't want that to happen, which is why we can't do anything but wait for it to happen anyway. And that depends on the volatility levels and how aggressive it will be in the market.

But with what is happening now in the news, it seems that the movement of its price value is not enough at the moment to break the support and the resistance to go to 27–30k and above, in short, we are not in a scenario like that yet, unless something unexpected happens.

[KingsDen]

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.

Actually, many crypto investors want to see the price of bitcoin soar since it will bring them profits, but not at a price that is too high or above what they had anticipated ($69k) this year. 
Bitcoin will cost $69k when the time is right. There is no need to concentrate on that price right now because it won't happen this year and there won't be an important event that will drive bitcoin's price to $69k before the year is through. By the way, 2023 will finish in three months. Hopefully, by 2024/2025 you and I will be looking forward to the $69k price of bitcoin

Considering what the chart is saying, it might be difficult for we to see an all-time high of Bitcoin this year. Remember we have less than three months to end this year. Although if bitcoin wants to surprise people, within one month it can make a very huge movement to even surpass the all-time high but this kind of movement is only possible when there is a bull run.
I had already anticipated that this year, bitcoin might not be able to surpass 45000 dollars. We should always expect a new all-time high after every halving and a major bull run, that is how the market has been. So, we should anticipate a new ATH by 2024/25

[Ziskinberg]

Not this year of course as we are not even expecting it either but can be possible next year.
The market doesn't look bad actually so we have to lose hope of seeing another ATH. Although the market is struggling hard to keep the uptrend momentum, yet it is not enough to think badly about it. In fact, we've come to this situation many times but it rises back which means that we still have the chance to see the price of BTC at $70k. We just need to be patient and yes, we have to believe the 4-year cycle in crypto.

[Zanab247]

Not this year of course as we are not even expecting it either but can be possible next year.
The market doesn't look bad actually so we have to lose hope of seeing another ATH. Although the market is struggling hard to keep the uptrend momentum, yet it is not enough to think badly about it. In fact, we've come to this situation many times but it rises back which means that we still have the chance to see the price of BTC at $70k. We just need to be patient and yes, we have to believe the 4-year cycle in crypto.

Don't you know that within some months or some weeks it can happen for the price of BTC to move back to $69k or above that price because, anything can still happen within few months that remaining before the end of the year for people to feel there is a hope. Why must you think badly for $25k because, there are many people using this opportunity to continue buying some coins to have something big to earn when the bull appear at any time because there are still some people that will miss it when the steady bull begin in the market. I know that next 3 or 4 years will going to be a good pump for those that no how to hold long because, the price will surely reach $80k or $120k in 2025 for those that endure during the bear to smile.