pooya87
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October 29, 2023, 01:02:32 PM |
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if it becomes 331,000 by dec 31 it would be nice but I consider that next to impossible.
I can see that happening and very easily too as if it were a piece of cake. But only under one condition: if they decrease the interest rates. The amount of money that floods the markets like bitcoin would shoot the price up, with the potential bitcoin already has $300k would only be the start.
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Beparanf
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October 29, 2023, 01:17:50 PM |
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It is looking convincing that next halving will see the price of bitcoin reaching a new ATH from the current and usually that is how it happens. However, I'm still surprised that the price keeps going higher despite that during this time in the past, the price doesn't get high as it is selling now at $34k. I think the hodlers of bitcoin are part of the reason for the price steadily improving to this time. If the steady increase continue until the ending of this year to the beginning of next year, it means halving will hit the market at a time it is already bullish and that may be the first time it will happen.
Maybe because everyone is still holding and positive about the ETF approval since there’s no news available regarding it that will create FUD to the market. It’s also understandable why everyone is holding since there’s upcoming big event on crypto that will make the market bullish which is Bitcoin halving. We might see some retrace in the following weeks before another huge pump will occur assuming everything will be as is without any manipulation.
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johnsaributua
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October 29, 2023, 01:46:51 PM Last edit: October 31, 2023, 12:30:23 AM by johnsaributua |
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I'm already 4 days behind the event of this prediction about the price of bitcoin towards November, today there is an increase of 300$ per bitcoin piece impressing the journey of the past 5 days but today is so pronounced, maybe because of the holidays they are not really needed for the hallowen party.
Two more days to determine and in my opinion still enthusiastic to be bullish for the close of the month with optimism for about 1% more.
Next month if possible take profit, and there is bearish there are some people will take advantage to buy slowly towards halving next year, some need funds for real life towards the new year there are those who enter funds to save for the new year, i think November has entered that phase.
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CageMabok
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October 29, 2023, 01:53:30 PM |
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not too sure that btc will touch its new ath at the end of this year considering that we are still in a sideways condition that could last until before the halving. but it is quite certain that btc will touch 40k usd at the end of the year with quite random movements. i am quite confident that we can reach this point considering that in the last few months bitcoin has experienced a movement that could be said to be positive and this price increase could be even more positive if driven by positive news in the coming months.
Seeing that today's Bitcoin price is still not that far from $35K, it is possible for Bitcoin to move to $40K if there are good incentives from several aspects, including from the aspect of good news for Bitcoin itself. I just hope that in the next two months before this year ends there will be more investors who want to enter the market to buy Bitcoin so that it can produce more positive price movements than this month. Because in two days we will all leave October and head into November which is still possible for everyone to expect a price improvement in Bitcoin.
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Fundamentals Of
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October 29, 2023, 01:55:49 PM |
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I'm confused which to choose. The 2023 end price might be in between the price right now and the all time high. I don't think the all time high will be reached back within 2023, but it is also possible we won't just be moving sideways. $40,000 or $45,000 isn't just sideways. It's a good rise already but not high enough to be considered near the all time high. It's possible the final price of 2023 will be within that range.
On the other hand, $20,000 is probably not anymore a big possibility considering the excitement over the potential approval of a Bitcoin spot ETF and the upcoming halving. Of course prices aren't random. There are factors which affect it.
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Pierre 2
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October 29, 2023, 04:06:10 PM |
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I picked "We dont greatly move anywhere - sideways". I would easily explain it: market is very optimistic compared to months ago as there comes new demand anytime bitcoin relaxes and price goes down. I wish we could go back to 20k again at least for a week so I could increase amount of Bitcoin I hold but I think price will move back and forth between 30-35k for couple of months. I believe if etf approval expection comes out negative, we may hit 20k. That is only possibility that we can experience. ETF thing is pretty hard to predict.
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sana54210
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October 29, 2023, 06:39:22 PM |
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We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months. Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable. My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows.
I do agree that it will definitely end as well as we could hope for, not something unrealistic like breaking over ATH or something, some people expect that but I feel like a maximum of 40k would be good if we can break that then we will be doing fine and that is not going to be all that bad. I know that it is going to be a period where we could be seeing it grow bigger and better eventually and that should be an important case for us. If we can finish the year on a strong note and just do better with time then we are going to be carrying that to the new year and be happy about it. I think it is possible, we have just two months left, November and December which means that if we do not go back under 30k, and keep growing and reach to like 40k during this next two months then 2024 will start a lot better. Why is that important? Because if we can carry the momentum then we will have halving and then that would be another hype that will take it even higher in the future.
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kentrolla
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October 29, 2023, 07:10:20 PM |
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We have seen all the signs which has happened in the previous bull runs like pump in the value of bitcoin and altcoin following the same path. But this doesn't possibly mean we will have a bull run because if this turns out to be bull trap then it would be a disaster. I feel Bitcoin will breach $40K by the end of the year atleast once and if it sustains more than $40K for a fortnight then it will be racing towards new ATH.
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GeorgeJohn
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October 29, 2023, 08:19:03 PM |
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The market of cryptocurrency especially bitcoin is getting positive since 13th or 18th of October, so the way I'm the the acceleration of bitcoin price I believe that this remaining month's in this 2023 been November and December, so I believe that the price of October will lead us to enter into 2024.
When you ask me to predict the price of bitcoin I don't think that I can guess or predict accurately, the fucking thing in bitcoin is that nobody can predict the price accurately, it can be up in price and next five minutes or hours it will change to another price.
The way I'm seeing bitcoin currently I believe that the price will continue to be rising until this year get to an end the way, I'm seeing the price of bitcoin increasing instead until this year get to an end the way I'm seeing the speed of bitcoin increment recently, I don't think the price of bitcoin will be in any way fall back to twenty thousand [20k] or below thirty thousand [30k]
We should know that one of the major reasons while bitcoin get increased should be as result of information, so bitcoin as it getting into bull season it maybe that their is investors that is into bitcoin investment that makes the demands of bitcoin is higher than the supply...because its only when the demand of bitcoin is higher than the supply due to information obtain from investors do make bitcoin market to continue to be flourish.
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Franctoshi
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October 29, 2023, 08:21:01 PM |
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From what we have seen in the price lately we are going to see Bitcoin end up the year pretty well, Right now we have a high chance of seeing the price go up rather than going down to 20k as suggested by the poll, So at least I'm expecting to see the price do a price increase to $45k -$50k or even more from the current price towards the end of the year, Because Bitcoin almost met my terms of expectations from my analysis.
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Distinctin
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October 29, 2023, 08:44:07 PM |
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We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months. Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable. My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows. Any answer you feel like is correct. Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is. 7 day poll & you may alter your vote later. If you can come up with a better poll option I'll add it on just for you ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) I can't say that we're moving into bitcoin's new all time high but I am positive that the remaining months of the year will bring higher prices for bitcoin most especially that the last quarter of each year are the best days for bitcoin. Although there might be some price corrections or market crash in the process but I'm quite certain that it will never drop so low like $20k below. However, all we have at the moment are just pure assumptions. Bitcoin may continue to move up or the other way around. But one thing is certain, if ever bitcoin price makes another significant price drop, then never miss that opportunity to accumulate more bitcoin in preparation for the next year's awaited event, the bitcoin halving.
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mirakal
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October 29, 2023, 08:58:12 PM |
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It is looking convincing that next halving will see the price of bitcoin reaching a new ATH from the current and usually that is how it happens. However, I'm still surprised that the price keeps going higher despite that during this time in the past, the price doesn't get high as it is selling now at $34k. I think the hodlers of bitcoin are part of the reason for the price steadily improving to this time. If the steady increase continue until the ending of this year to the beginning of next year, it means halving will hit the market at a time it is already bullish and that may be the first time it will happen.
Maybe because everyone is still holding and positive about the ETF approval since there’s no news available regarding it that will create FUD to the market. It’s also understandable why everyone is holding since there’s upcoming big event on crypto that will make the market bullish which is Bitcoin halving. We might see some retrace in the following weeks before another huge pump will occur assuming everything will be as is without any manipulation. The expected ETF approval might also be one reason why bitcoin price looks bullish. If the headlines about the fake approval made bitcoin price to jump high suddenly, then the more we will expect a great move when the real approval is already happening. However, that's not going to happen this year but most likely on the first quarter of early next year based on the news so probably, we might encounter first some price decline for bitcoin before it hits a new bigger price. And when that happens, a lot would be entering the market again not because the price is currently low but because they believe that after that, bitcoin will eventually create a significant price increase that's unstoppable. Although the assumption is not quite bad, but make sure when that happens, never invest more than you can afford to lose. No matter how affordable bitcoin is, always risk the money that is acceptable to lose.
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BenCodie
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6.25 ---> 3.125
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October 29, 2023, 09:08:49 PM |
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Bitcoin already came through with the positive sentiment. Now I think that other innovations will capture some deserved/lost value, while more positive inflow happens daily by institutions who are aiming to be providers of the ETF. Gradual positive btc inflow, trickling to worthy alternative protocols, feels like what the coming months will entail. This is a conservative view as sentiment is crazy right now...and institutional impatience could send Bitcoin flying upward in the click of a few buttons. I'm very curious to see how the rest of the year plays out, and what will happen in early 2024 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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_BlackStar
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October 29, 2023, 09:09:44 PM |
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-snip-
Maybe because everyone is still holding and positive about the ETF approval since there’s no news available regarding it that will create FUD to the market. It’s also understandable why everyone is holding since there’s upcoming big event on crypto that will make the market bullish which is Bitcoin halving. We might see some retrace in the following weeks before another huge pump will occur assuming everything will be as is without any manipulation. ETF approval remains in doubt - but there is optimism about it. The market still has good potential to climb higher towards the end of the year - even if ETFs don't show anything more positive. The halving that will occur in 2024 is expected to have an impact on increasing demand - so we are likely to see large investors coming in towards the end of this year. Today bitcoin is still above $34K - that is to be expected. If bitcoin price can stay above $34K longer - then I believe there will be a bigger rally in November, so no manipulation is expected.
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Bitcoin_people
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October 30, 2023, 02:53:24 AM |
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I think this is a huge guess and difficult to predict though. We've already seen the price of Bitcoin fall below $10,000 as many people said at the beginning of the year, but we haven't gotten to the point where we've been through those times. And I believe we have passed those times and currently the BTC market is in a good position so I guess it will not be possible to go back to that state.
As currently we have seen a lot of pumping in the bitcoin market as compared to before and has touched a maximum of $35 dollars. According to that we can say that no further down is possible and Bitcoin will run to higher levels in coming days. As we can see the market position is very good right now and next year our bitcoin will be halved so the market is likely to grow further towards the end of this year. And I guess by the end of this year the Bitcoin market peak ATH will be around $45k. As Bitcoin halving is not long until next year, then there is a bull run in the Bitcoin market and at that time Bitcoin will go to all time highs.
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STT (OP)
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October 30, 2023, 11:13:00 PM |
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I think all the options on the poll are valid even 'dont know dont care'. I heard people who've held BTC for ten years say that because they place price secondary to the utility in BTC. They are the earliest bulls on BTC and way back in single or double digit prices for BTC I thought little of its longevity potential; it might be key that price isnt the most important factor, its the tail not the head of the beast. Anyway I placed my vote and options close in a day, any vote is valid to be changed if the last week altered anyone's opinion. Not trying to rush anyone, I often take a while to decide compare contrast all that
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bbc.reporter
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October 31, 2023, 02:03:05 AM |
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@STT. It might also be they do not care because they have already made much money for their needs, wants and for their retirement. The price pumping to another all time high will only be something similar to a bonus hehehe. In any case, what does everyone think of this speculation? I only found this on social media. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F6byLFyR%2F326-D0143-D8-D8-4674-A1-E9-864788-D4557-B.jpg&t=665&c=glTnh2QHcL5unw)
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michellee
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October 31, 2023, 03:52:16 AM |
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@STT. It might also be they do not care because they have already made much money for their needs, wants and for their retirement. The price pumping to another all time high will only be something similar to a bonus hehehe. In any case, what does everyone think of this speculation? I only found this on social media. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F6byLFyR%2F326-D0143-D8-D8-4674-A1-E9-864788-D4557-B.jpg&t=665&c=glTnh2QHcL5unw) It was very interesting to see the picture. We have many scenarios that could happen to Bitcoin and this image is one of them. We will never know how Bitcoin will move later. If there is a deep decline first before the price rises high, it will make people who are not ready for its arrival panic. But it would be a good time to accumulate more Bitcoins. There will likely be a decline before and after the halving. I don't know whether this is right or wrong. And it looks like, at the time of the halving, if it does go down, it will be like a massive cleansing process from the market before the altcoin season comes. Maybe we will see a change in the crypto market where the position of the coins might also change. This is becoming more and more interesting to follow ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Wind_FURY
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October 31, 2023, 06:28:35 AM |
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@STT. It might also be they do not care because they have already made much money for their needs, wants and for their retirement. The price pumping to another all time high will only be something similar to a bonus hehehe. In any case, what does everyone think of this speculation? I only found this on social media. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F6byLFyR%2F326-D0143-D8-D8-4674-A1-E9-864788-D4557-B.jpg&t=665&c=glTnh2QHcL5unw) I may sound like a broken record again, but I believe that because of some macro-economic and geo-political conditions, there's a possibility of something unpredictable, a Black Swan that could happen that might get eveyone by surprise. A "Lehman Moment, A Nuclear Strike, another Virus like how the pandemic started during 2020? But what that truly is though is another golden opportunity to, Buy the DIP and HODL. Bitcoin is priced higher away from the discount level. It's probably good to start lessening DCA and wait for DIPs for bargain hunting. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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lixer
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October 31, 2023, 12:14:01 PM |
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We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months. Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable. My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows. Any answer you feel like is correct. Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is. 7 day poll & you may alter your vote later. If you can come up with a better poll option I'll add it on just for you ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) I could not find the option that I wanted to choose in the poll because I believe it won't go sideways but it would also not go as high as creating a new all-time high just this year. The maximum that I can think of is maybe $40k or $42k because there will obviously be small corrections every now and then, and I believe that will be a great start for the most anticipated bull run if Bitcoin manages to go above $40k before 4 months to the halving event coming in April 2024. I could also say that the price will drop below $30k once again but I'm not going to because I saw the market going down to $33k after reaching $35k but it couldn't go lower than that, so I believe the upward movement is much stronger than the drop at the moment which will probably become the reason for it going up more.
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