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

[mv1986]

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

I wish it was such a linear calculation, but we also need to take into account that the actual amount of money needed to push the Bitcoin price from 10k to 20k is very different from pushing it from 40k to 80k if you do the calculations based on multipliers. To go back to the 70k range I think we will need enormous short-term momentum, gigantic volume and sustainability of positive sentiment for a few weeks. It would mean we would go from 720 billion to 1.5 trillion market capitalization for Bitcoin alone. That's a lot!

[Nrcewker]

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).

2024 won’t be that much bad for Bitcoins. Bitcoins have to maintain the price anyhow above 50k in order to achieve new ATH price soon. Now regarding this year, then yes it will be really difficult for Bitcoins to cross 69k USD. The demand aren’t enough to force Bitcoins go up. So we might see Bitcoins ending close to 40k usd by the end of the year. So before Bitcoins touching high price, it’s good to accumulate as many Bitcoins as we can. Only in this way we make the most profit from the bull market.

[Sexylizzy2813]

August wasn't that promising in terms of how low the price was as of then, September gave us the impression that October would be better, the price of Bitcoin became positive when we got to October and since then it has never given us a dip. I expect this November to drop something bigger than what October left behind.
Bitcoin price can get to $40k this month, while heading to December it will be at the range of $45-48k but ending of this year can't give us $60k talk less of $69k, nope is not going to come through.

[Zanab247]

August wasn't that promising in terms of how low the price was as of then, September gave us the impression that October would be better, the price of Bitcoin became positive when we got to October and since then it has never given us a dip. I expect this November to drop something bigger than what October left behind.
Bitcoin price can get to $40k this month, while heading to December it will be at the range of $45-48k but ending of this year can't give us $60k talk less of $69k, nope is not going to come through.

Based on what is happening in this month of November, I believe the price of BTC will reach above $40k but it will not reach $69k before the end of this year but it will come close to $100k next year ending which is my major target. October has showed a good results that made many hodlers to believe that the price will surely pump higher for hodlers to release their coins before the end of this year to make a good profits and to have a good time to prepare for another bear run to come so that they can still be part of those that will still enjoy good profits when another bull run show up.

If the price can hit $40k before december, many investors will be very happy because majority of BTC investors that is what they are looking unto before they can sell in this year.

[kawetsriyanto]

Based on what is happening in this month of November, I believe the price of BTC will reach above $40k but it will not reach $69k before the end of this year but it will come close to $100k next year ending which is my major target.

If we analyzed the current progress on Bitcoin price, achieving $40k should be easy at the end of this year. The price looks quite strong to survive above $35k, it is even trying again to reach $38k now. Yesterday, I thought there will be another severe decline when there was bad news regarding CEO Binance (Changpeng Zhao) resigned. But when I look at the market condition today, I am quite confidence that that news seems to have no significant influence to the growth of Bitcoin price. It may influence the price of BNB coin only.

Well, $69k is likely too high target for the end of this year. I even doubt if we can achieve it before halving, it is something that we possible achieves after halving schedule. I think the highest price that we may reach at the end of this year is $45k. For $100k, it is surely possible to achieve but I don't know whether it can be achieved in 2024 or in 2025. If we look at the previous bullrun history, the highest price of Bitcoin probably happens 1 year after the halving.

[Questat]

Based on what is happening in this month of November, I believe the price of BTC will reach above $40k but it will not reach $69k before the end of this year but it will come close to $100k next year ending which is my major target.

If we analyzed the current progress on Bitcoin price, achieving $40k should be easy at the end of this year. The price looks quite strong to survive above $35k, it is even trying again to reach $38k now. Yesterday, I thought there will be another severe decline when there was bad news regarding CEO Binance (Changpeng Zhao) resigned. But when I look at the market condition today, I am quite confidence that that news seems to have no significant influence to the growth of Bitcoin price. It may influence the price of BNB coin only.

Well, $69k is likely too high target for the end of this year. I even doubt if we can achieve it before halving, it is something that we possible achieves after halving schedule. I think the highest price that we may reach at the end of this year is $45k. For $100k, it is surely possible to achieve but I don't know whether it can be achieved in 2024 or in 2025. If we look at the previous bullrun history, the highest price of Bitcoin probably happens 1 year after the halving.

It was realistic to see the price of Bitcoin @40k but talking about $65k, there is a big chance that won't happen. In fact, we only have 38 days left before the end of this year and with the current movement of the market, we're not in the bullish state to see a miracle. As per see, nothing could drive the market to move high but it was the impact of halving which is likely to happen next year. And we often see positive results in the previous halving which is also possible to happen once again.

[danadc]

Of course there are many hopes, it is not known when it can rise, it can rise to that price and more, it is likely that things can be like this, there is nothing written, everything is there, it could be that things can turn out for the better, If it is not this year, I am sure that 2024 will do it, for me there is no doubt about that, I believe that things can happen, but the best thing you can do is buy, buy because it is below its last maximum and that It's a good indication for you, I think it's possible, buy cheap, if the price of Bitcoin goes down, don't worry or get upset, it's an opportunity, you have to try to see things from the most correct point of view.

[Ricardo11]

The year 2023 is almost over, only one month and one week left for this year to end. Currently bitcoin price is 37k, I don't think bitcoin price will reach 69k this year. But it can probably go to 50k to 55k. Because its value is on the rise now. I expect it to cross 55k this year itself. But there's no telling when, since the price of Bitcoin can change from time to time, it can even go to 60-65.

[arwin100]

Of course there are many hopes, it is not known when it can rise, it can rise to that price and more, it is likely that things can be like this, there is nothing written, everything is there, it could be that things can turn out for the better, If it is not this year, I am sure that 2024 will do it, for me there is no doubt about that, I believe that things can happen, but the best thing you can do is buy, buy because it is below its last maximum and that It's a good indication for you, I think it's possible, buy cheap, if the price of Bitcoin goes down, don't worry or get upset, it's an opportunity, you have to try to see things from the most correct point of view.

To many things need to happen and in short period of time for sure the wants of people to rise it up to $69k is impossible to happen since there are some controversy happen which actually affect the growth of bitcoin and maybe we can't see the price close to the figures given at the end of this year.

But maybe there's a chance that it will pump at $40k-$45k in figures since this is much realistic to reach if no other same like CZ or Binance issue will happen since for sure that figures will be reachable at the end of this year. For sure in year 2024 everything could possibly happen but we don't know yet if on what month it will show since there's no accurate prediction that can 100% hit this.

[Zanab247]

The year 2023 is almost over, only one month and one week left for this year to end. Currently bitcoin price is 37k, I don't think bitcoin price will reach 69k this year. But it can probably go to 50k to 55k. Because its value is on the rise now. I expect it to cross 55k this year itself. But there's no telling when, since the price of Bitcoin can change from time to time, it can even go to 60-65.

Well, anything can still happen that will shock those that think there will not be bull run before the end of this year 2023, but the way the market price look right now show that $40k or $50k can happen for those waiting for such price to come to have the opportunity to earn well from their investment. I believe you notice new moved of the price of BTC yesterday that make the price to rise to $38k to give more confident to customers to exercise patience with their hodling so that they will not miss it when the real bull run occur which is not too far from the market.

If what I saw yesterday in the crypto market, it can maintain that green light through out this year, I believe the price of BTC will reach above $69k which is the price many hodlers are waiting to see in this year before they will believe that $100k is possible next year 2024.

[EarnOnVictor]

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

I wish it was such a linear calculation, but we also need to take into account that the actual amount of money needed to push the Bitcoin price from 10k to 20k is very different from pushing it from 40k to 80k if you do the calculations based on multipliers. To go back to the 70k range I think we will need enormous short-term momentum, gigantic volume and sustainability of positive sentiment for a few weeks. It would mean we would go from 720 billion to 1.5 trillion market capitalization for Bitcoin alone. That's a lot!

I don't buy the idea of cycle analysis or history repeating itself to avoid making mistakes, but still, you guys are making sense, Bitcoin needs more to get to the ATH again and it is never gonna happen this year again. Although the market threatens it daily, I still believe that Bitcoin may not know $40,000 not to talk of hitting the ATH again this year. It however got to the present state of bullishness because of the ETF events. This event caused FOMO due to the anticipation of halving as well, so people started putting in money, but for how long until halving? We shouldn't also forget that the ETF's approval/rejection has been postponed till next year. So other than the already created bullish sentiment in the market, there is nothing else that can cause a strong bullish impact for Bitcoin till the end of this year, at least, no foreseeable one. What I believe would happen are temporary buying and selling intermittently, this is as traders will continue to show a lack of will for the market when it gets closer to $40,000.

[sokani]

The year 2023 is almost over, only one month and one week left for this year to end. Currently bitcoin price is 37k, I don't think bitcoin price will reach 69k this year. But it can probably go to 50k to 55k. Because its value is on the rise now. I expect it to cross 55k this year itself. But there's no telling when, since the price of Bitcoin can change from time to time, it can even go to 60-65.

Bitcoin is certainly not going to see $69k this year. Some persons get carried away anytime the price surges and FOMO about it but $69k is way too much. I'm bullish that bitcoin will hit an ATH in 2025, but with Bitcoin halving taking place few months from now, coupled with spot ETF application that's under review, this might help to drive the price up faster than we anticipated. So there's the possibility that it might touch ATH towards the tail end of next year.