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

[jasonjm]

People are speculating that the price will increase and might touch $60k. I think at the end of this year BTC might touch $45k, and then there will be a dump in the price, and the price might visit the $20k range. The price will start to increase after BTC halving next year. We will see some gains in BTC prices in 2024. When you look at the historic BTC trends after halving, you will realise that the BTC touches new ATH after 1.5 - 2 years of halving.
I can only speculate that 2025 will be the year when BTC touches new heights ($150k or more).

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[pinggoki]

Bitcoin was able to gain 10k increase in value in just about a month, who's to say that a 32k increase isn't a possibility? December is a pretty neutral month of the year for bitcoin if you look at it's history through the years, there are years when it's a bad month and there are years that isn't a bad month so here's to hoping that December won't be a bad month for bitcoin but if that's the case then I guess just hold on or just buy more bitcoin.

As the market sentiment is showing to us, it was very clear that it was impossible to happen unless there was a so-called miracle event. This year 2023 is not yet a bullish year for crypto where $69k is to be considered on that state but just be considered as a year for recovery. Of course, there is still hope for that but it was impossible to make it this year, maybe next year after halving. Despite the current situation, we can never be mad about it but rather accept the fact that Bitcoin doesn't recover fast and easily after bear season.

There's still a lot of things that can happen, I don't think that a miracle event is needed to happen but when it's not yet the end of the year then we still have hopes that bitcoin will be able to hit $69k this year, maybe in the last 2 weeks of the year and bitcoin still hasn't reached even near that $69k or even $45k then we can finally be so sure that it won't hit the projected number this year.

[Dimitri94]

People are speculating that the price will increase and might touch $60k. I think at the end of this year BTC might touch $45k, and then there will be a dump in the price, and the price might visit the $20k range. The price will start to increase after BTC halving next year. We will see some gains in BTC prices in 2024. When you look at the historic BTC trends after halving, you will realise that the BTC touches new ATH after 1.5 - 2 years of halving.
I can only speculate that 2025 will be the year when BTC touches new heights ($150k or more).

Currently the market trend is very positive. From this position we can expect bullish movement of Bitcoin. But we have a past experience where the market shows a big dip just before it is fully bullish, but we cannot predict that this will happen for certainly. Also, it could be that the $25K drop we saw in the market a few days ago was a big dip. We are at the end of this year with the market trending positively towards $40,000. However, towards the end of the year, there may be a temporary decline rather than a major upswing. But Bitcoin will definitely be bullish as the halving time is fast approaching. I think we will see a big bullish movement before 2025 and within 2024 we may get a ath price of bitcoin.

[OgNasty]

There is no chance in hell that Bitcoin ends the year at $69,000. If anyone wants to bet on that, send me a PM and be prepared to escrow some BTC.

Imagine the god candle it would take to reach $69K. I just don’t see it happening. Don’t get me wrong, I would thank my lucky stars if that were to happen, but it’s just not going to. Maybe late next year, but more likely in 2025.

[Lamkuthang]

It seems the 40K price is getting closer and now we just have to wait for it to break $37,980 again. However, I am optimistic that this figure will be higher than what Op. Hopefully stupid and useless news doesn't come so it can be a distraction when prices improve after the last collapse.

For the possibility that the BTC price will reach $69k again this yearlike OP say. I think we should both wait and see how things develop because nothing is certain in this space.

[goldkingcoiner]

I doubt it will happen this year. There is only one month left, after all.

Although it will happen. The next time will probably be on the way to 100k. So I do not recommend thinking that 69k will be the limit for next time. Bitcoin is no longer a low liquidity asset which can be toyed around by a few millionaires. The volatility is not as drastic as it used to be. But that also means it takes longer for the price to reach new heights.

[Don Pedro Dinero]

I doubt it will happen this year. There is only one month left, after all.

Well, with so little time left before the end of the year, it is becoming less and less likely, but it was also very unlikely in August, when the thread was opened. ATH has never been played again in this part of the cycle so far, which is not to say that history necessarily has to repeat itself, but as things stand there was no compelling reason to think so.

[Davian144]

It seems the 40K price is getting closer and now we just have to wait for it to break $37,980 again. However, I am optimistic that this figure will be higher than what Op. Hopefully stupid and useless news doesn't come so it can be a distraction when prices improve after the last collapse.

Currently there has been another correction in the Bitcoin price which is occurring normally although I am still quite optimistic that the price will move again to approach $38K this month. Useless stupid news doesn't seem to have much of an effect on Bitcoin's price for now, because it can be offset by the good news that is happening at the moment.

For the possibility that the BTC price will reach $69k again this yearlike OP say. I think we should both wait and see how things develop because nothing is certain in this space.

This achievement is still too big to expect this year, because price movements and price corrections are still constantly occurring in the Bitcoin market, so you don't need to wait for this because the targets are still quite numerous and large. A better target of just $40K to $45K for this year would seem more realistic than targeting such a high price in Bitcoin this year.

[Japinat]

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?

With the current price performance of bitcoin in the market, I'm optimistic to say that $69k will be easily reached or even surpassed before the year ends.  But it never means that bitcoin price will go straightforward and create a new all time high. That is not how bitcoin works. Expect that we will come to experience some price decline first in preparation for its new all time high. Although this is still not a sure guarantee that we are actually heading there because of market volatility, but rest assured that we will come up with a new all time high, if not this year, then probably after the bitcoin halving.

[Wiwo]

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.

At this point,  your speculation is already coming into reality and this point to a lot of the exciting motivations of Bitcoin market movers who have pushed the price to 37-38k in this period and also possibility of having more price increase in the coming days of the year but also just like you have rightly said,  we may not likely going to have a bitcoin all time high in this year 2023.

Bitcoin halving is around the corner and for that,  most of the bitcoin spectator have hard much expectation of the market all time record after the 2024 bitcoiBitcoin seizes reductions.

[erep]

With the current price performance of bitcoin in the market, I'm optimistic to say that $69k will be easily reached or even surpassed before the year ends.  But it never means that bitcoin price will go straightforward and create a new all time high. That is not how bitcoin works. Expect that we will come to experience some price decline first in preparation for its new all time high. Although this is still not a sure guarantee that we are actually heading there because of market volatility, but rest assured that we will come up with a new all time high, if not this year, then probably after the bitcoin halving.

Even though we have reviewed the performance for the last 2 months but to determine the prediction of $69k it seems difficult to achieve for another 1 month at the end of next year, I only hope that the market price can close $40k+ by the end of this year then the price prediction for Q1 next year will be closer to reached the previous ATH. The market is currently experiencing a correction of almost 4% after a drastic increase last week and the market volatility does not support a significant increase this month, it seems that the $30-35k price will persist throughout this month and we hope that positive news support will increase the market price soon reaching the $40k price.

[AmoreJaz]

With the current price performance of bitcoin in the market, I'm optimistic to say that $69k will be easily reached or even surpassed before the year ends.  But it never means that bitcoin price will go straightforward and create a new all time high. That is not how bitcoin works. Expect that we will come to experience some price decline first in preparation for its new all time high. Although this is still not a sure guarantee that we are actually heading there because of market volatility, but rest assured that we will come up with a new all time high, if not this year, then probably after the bitcoin halving.

Even though we have reviewed the performance for the last 2 months but to determine the prediction of $69k it seems difficult to achieve for another 1 month at the end of next year, I only hope that the market price can close $40k+ by the end of this year then the price prediction for Q1 next year will be closer to reached the previous ATH. The market is currently experiencing a correction of almost 4% after a drastic increase last week and the market volatility does not support a significant increase this month, it seems that the $30-35k price will persist throughout this month and we hope that positive news support will increase the market price soon reaching the $40k price.

or it can very well be fast. but it depends on the market sentiments and updates. in this market, we can never be sure when a certain price will hit in the market. we can speculate and that's all there is. such level is still very far from what we have now. so i would say, be conservative with your estimates if you are relying on your predictions how you invest on this market.

[shinratensei_]

I doubt it will happen this year. There is only one month left, after all.

Although it will happen. The next time will probably be on the way to 100k. So I do not recommend thinking that 69k will be the limit for next time. Bitcoin is no longer a low liquidity asset which can be toyed around by a few millionaires. The volatility is not as drastic as it used to be. But that also means it takes longer for the price to reach new heights.

end of year usually always being considered by many analysts and trader as grim moment for cryptocurrency market as a whole, its considered as the time when bearish hits, but right now the market is doing fine, the bearish should be started around september but instead this months around has been quite good and prospective moment for bitcoin and altcoin in general, I think we might see good news in the future when the year is changing.
therefore i also anticipated for bitcoin to hit $69k eventually in the next year not this year around because as you said there's just one month left, but of course next month we might be hitting yet another even higher price point so we should also anticipate that after all as you can see the movement of cryptocurrencies is quite fast if compared with the other investment instrument.
therefore even within one month period of time we might even see bitcoin hitting all time high, we just can't predict for sure how the bitcoin price will behave.

[rojan]

or it can very well be fast. but it depends on the market sentiments and updates. in this market, we can never be sure when a certain price will hit in the market. we can speculate and that's all there is. such level is still very far from what we have now. so i would say, be conservative with your estimates if you are relying on your predictions how you invest on this market.

Now the price of all the coins including bitcoin price has started to increase. Hope the market will be better next year. Sometimes I get very worried when I see the bad condition of the market. I have invested in several currencies including bitcoin which I am always looking for.  I like to keep an eye on the market. Hope there is a possibility of getting good amount of profit from bitcoin investment next year. Profit from investment depends a little bit on luck. If luck is good, good amount of profit can be obtained. Again some time there is a lot of loss.

[Synchronice]

I doubt it will happen this year. There is only one month left, after all.

Although it will happen. The next time will probably be on the way to 100k. So I do not recommend thinking that 69k will be the limit for next time. Bitcoin is no longer a low liquidity asset which can be toyed around by a few millionaires. The volatility is not as drastic as it used to be. But that also means it takes longer for the price to reach new heights.

Do you mean the next year in next time? There is no way there will be an ATH next year because there is not such a big hype before halving, big hype happens after halving. BlackRock expressing interest in Bitcoin already means a lot for its price and we already saw the result of that, one probably couldn't imagine Bitcoin reaching 37K this year but it's doing well. $69K is not easy to rich, keep in mind that price is already high, we don't talk about $100 and $200 where it's easier for people to pay higher and higher and double or triple its price in days, we talk about 30K and higher, it's really expensive to make it double in price, it requires a lot more involvement and hype.
My prediction is that we may reach 45K this year, not more or price will fluctuate between 25-35K.

[jeraldskie11]

I doubt it will happen this year. There is only one month left, after all.

Although it will happen. The next time will probably be on the way to 100k. So I do not recommend thinking that 69k will be the limit for next time. Bitcoin is no longer a low liquidity asset which can be toyed around by a few millionaires. The volatility is not as drastic as it used to be. But that also means it takes longer for the price to reach new heights.

Do you mean the next year in next time? There is no way there will be an ATH next year because there is not such a big hype before halving, big hype happens after halving. BlackRock expressing interest in Bitcoin already means a lot for its price and we already saw the result of that, one probably couldn't imagine Bitcoin reaching 37K this year but it's doing well. $69K is not easy to rich, keep in mind that price is already high, we don't talk about $100 and $200 where it's easier for people to pay higher and higher and double or triple its price in days, we talk about 30K and higher, it's really expensive to make it double in price, it requires a lot more involvement and hype.
My prediction is that we may reach 45K this year, not more or price will fluctuate between 25-35K.

Although it's hard to believe but there is a possibility that Bitcoin will create new ATH next year. If we go back to the time when the market was still bearish, we cannot believe that the Bullish is coming because the impulsive movement we expected in the market did not happen. We can't be blamed because we are based on the bullrun in the past. But today's bullrun is different, many believe that we are still bearish. The same is happening with Bitcoin today, we don't expect it to create new ATH because of the valid reason that makes it impossible.

[DaNNy001]

or it can very well be fast. but it depends on the market sentiments and updates. in this market, we can never be sure when a certain price will hit in the market. we can speculate and that's all there is. such level is still very far from what we have now. so i would say, be conservative with your estimates if you are relying on your predictions how you invest on this market.

Now the price of all the coins including bitcoin price has started to increase. Hope the market will be better next year. Sometimes I get very worried when I see the bad condition of the market. I have invested in several currencies including bitcoin which I am always looking for.  I like to keep an eye on the market. Hope there is a possibility of getting good amount of profit from bitcoin investment next year. Profit from investment depends a little bit on luck. If luck is good, good amount of profit can be obtained. Again some time there is a lot of loss.

Either way the price should be used as an advantage by you that's only except you are a short term investor or an investor who has reached the limit to his investment because as an big time investment that the price starts falling it should be all opportunity to go all out and add to your portfolio even more as that's the period where your Bitcoin purchase would have bigger value compared to when the price is high.

[cryptomaniac_xxx]

I doubt it will happen this year. There is only one month left, after all.

Although it will happen. The next time will probably be on the way to 100k. So I do not recommend thinking that 69k will be the limit for next time. Bitcoin is no longer a low liquidity asset which can be toyed around by a few millionaires. The volatility is not as drastic as it used to be. But that also means it takes longer for the price to reach new heights.

Do you mean the next year in next time? There is no way there will be an ATH next year because there is not such a big hype before halving, big hype happens after halving. BlackRock expressing interest in Bitcoin already means a lot for its price and we already saw the result of that, one probably couldn't imagine Bitcoin reaching 37K this year but it's doing well. $69K is not easy to rich, keep in mind that price is already high, we don't talk about $100 and $200 where it's easier for people to pay higher and higher and double or triple its price in days, we talk about 30K and higher, it's really expensive to make it double in price, it requires a lot more involvement and hype.
My prediction is that we may reach 45K this year, not more or price will fluctuate between 25-35K.

Although it's hard to believe but there is a possibility that Bitcoin will create new ATH next year. If we go back to the time when the market was still bearish, we cannot believe that the Bullish is coming because the impulsive movement we expected in the market did not happen. We can't be blamed because we are based on the bullrun in the past. But today's bullrun is different, many believe that we are still bearish. The same is happening with Bitcoin today, we don't expect it to create new ATH because of the valid reason that makes it impossible.

As per experience though, last year was bearish because with a lot of negative things that happened in the market like the Terra Luna and the FTX collapse and so it highlighted how volatile the market really is. Although it was not expected at least that this year, it will be a big recovery, a more than 100% increased from the last lowest low due to the events that I mentioned. And it's good enough already, that is a big jump in price and I wouldn't go to stretch that we wanted to see a new ATH for this year. It's not going to happen as this market works in cycle, and the next cycle will be up next year after the block halving. We just have to thank everyone for that huge recovery we had for this year and then wait for the bull in 2024-2025 to have our new all time high for that cycle.

[ivankoh]

If reach 69k this year - I think it's impossible. But with bitcoin, each subsequent halving cycle will have a bull run. I think there is nothing to worry about this. The upside potential of bitcoin is unlimited, the market dynamics and “internal” strength of bitcoin have since its inception become widespread. Bitcoin is a powerful tool to help the economy overcome the inflationary cycle. I believe the next bull run will see bitcoin 100k - 120k. Just hold bitcoin long enough and be patient

[philipma1957]

If reach 69k this year - I think it's impossible. But with bitcoin, each subsequent halving cycle will have a bull run. I think there is nothing to worry about this. The upside potential of bitcoin is unlimited, the market dynamics and “internal” strength of bitcoin have since its inception become widespread. Bitcoin is a powerful tool to help the economy overcome the inflationary cycle. I believe the next bull run will see bitcoin 100k - 120k. Just hold bitcoin long enough and be patient

It's not that far off. I think we get close to 48K by years end.  but if you look at dec 2017 we moved bigly

nov 19,2017.  8,300
dec 01, 2017 10,800
dec 16, 2017 19,800

that is 1.8333 x 1 increase  dec 1 to dec 16 we are 36545 so x 1.8333 = 66999

So it is unlikely but could happen.

and 19800/8300 = 2.3855 to 1 or

2.3855 x 36545 = 87,179

so hi end could be in 67k to 87k for this year.

I do not think it will but you don't know