2024 price prediction

[lalabotax]

This year the Bitcoin ETF has hit a high of $73,000 due to the approval of the Bitcoin ETF.

I don't get your point. 
Bitcoin reached ATH wasn't caused by ETF market. ETF market is probably just one of among many factors.
I think you misunderstand about the Bitcoin ATH.

There is little chance of further growth at present as the halving is already only a few days away.

Why do you think the price won't increase more when it is nearing the halving?
As far as I know, halving is one of the factors to trigger Bitcoin price increasing significantly.

-snip- it is very likely that the price of Bitcoin will go above $730,000 in March this March.

Are you sure about the price $730,000?
I don't know about the further price, but people must expect it can cross $100k.

[STT]

ETF definitely seemed to ignite interest, it doesn't have to be direct exactly but allow a wider market to access BTC and also the news itself gaining attention I think that was something that helped the trend.     I always look at market pricing as a balance and anything which pushes the balance to positive or negative can be a tipping point; people then notice the positive bias and dive in to amplify the effect.    Because of that noticeable speculative effect, BTC price tends to over do itself so we can expect a pullback hence right now its all in line imo

A push forward, now a pullback and eventually we accumulate and rise again.   Seems we have more time to wait for a positive phase to become more obvious.   I will lock this thread again at end of the forum day because its Year end guesses - just until an interesting thing happens, I imagine sometime in April we get a movement past the range of March.    

Still can we guess higher from this 65k BTC price now upto Year end or is it sideways or down from here, I still imagine negatives that are possible.   Always wider world news can be negative, etc.   overall I'm bullish and I believe uncapping the ATH like this leads to more sooner or later, for now its fizzled out some.

[oktana]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

[2Pizza410000BTC]

2023 was a Consolidation year in the best possible way we arrested the decline and rose well.   Positive to end the year we had alot of up and down along the way and a few doubts imo.   I think it was a good year to buy on but we only recognized this as more obvious coming into December.   30k was only definitively defeated at Nov start tbh.
  My Poll question is quite simple how do we develop in 2024, explosively upwards perhaps, a more sedate incline like this year, flat or is it all negative from this high point; a repeat of 2021 high tide mark going into 2024 is of course possible.


Poll rules,   votes alterable now & for 31 days then no more votes or changes.   Feel free to take January entire as as a bellwether for the rest of the year, December 2024 is the predictive BTC price in question



Heres a longer term weekly candles graph.   Fibonacci and 200 week in yellow and 50 week in blue.  I will only especially comment later in the month & on the MA later; monthly bars might be better over 5 years but I think people prefer weekly as more relatable.

I remember and I see here I made predictions for 2024 here and polled voting. I voted that Bitcoin could stay between $50,000 and $59,000 in 2024. But here my analysis failed Bitcoin this year 2024 came in March the highest growth and created new ATH in the market. The new ATH that created the market was before the Bitcoin halving. So since new ATS are created in the bitcoin market before the bitcoin halving then I think if the sire run starts in the market after the bitcoin halving then the price of bitcoin will create new ATH again. So looking at the current market and the pumping of Bitcoin, it looks like Bitcoin will cross $100,000 in 2024.

[Etranger]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

I think the price of Bitcoin will definitely be higher by the end of the year than it is now. I expect a correction to 40-45 thousand in the near future, after which there will be continuous growth until the onset of the bear cycle again. The bull run will last about a year and a half, I think.

[oktana]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

I think the price of Bitcoin will definitely be higher by the end of the year than it is now. I expect a correction to 40-45 thousand in the near future, after which there will be continuous growth until the onset of the bear cycle again. The bull run will last about a year and a half, I think.

Agreeable. $40-$45 thousand is likely, but the near future you speak of is going to be at least about 2-3 months after the halving. It could even take longer, but I don’t expect the price correction to happen immediately after the halving.

[Fara Chan]

Agreeable. $40-$45 thousand is likely, but the near future you speak of is going to be at least about 2-3 months after the halving. It could even take longer, but I don’t expect the price correction to happen immediately after the halving.

After the halving, it is still possible to experience a decline in the price of Bitcoin, but at this time I have not made a prediction for a particular price point on Bitcoin because what I am thinking at the moment is about the next increase before the halving. And even if there is a slightly deeper price correction in Bitcoin, I think it might only be around $50K, because that is considering the current level of Bitcoin price stability which is still quite good at around $65K.

[Etranger]

I think the price of Bitcoin will definitely be higher by the end of the year than it is now. I expect a correction to 40-45 thousand in the near future, after which there will be continuous growth until the onset of the bear cycle again. The bull run will last about a year and a half, I think.

Agreeable. $40-$45 thousand is likely, but the near future you speak of is going to be at least about 2-3 months after the halving. It could even take longer, but I don’t expect the price correction to happen immediately after the halving.

Why do you think it will take several month after halving before the correction begins? Because it will be summer and as we all know summer is not the best time for volatility in crypto market, and there are usually flats of declines during summer. Is that what you thought about as a reason for above mentioned statement you made?

[Nrcewker]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

It’s not possible if we see the current situation. If Bitcoins goes below 40k usd, people will panic buy and therefore the demand to acquire the Bitcoins will go up. It’s very simple economics of supply and demand. As we know that the Bitcoins are limited in numbers, hence when the price will go up, people will buy more coins and it will increase the demand to buy the coins. As the demand increases the price will go up also in order to meet the demands. Hence it’s completely not possible to go below 19k usd.

[philipma1957]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

They kind of screwed up the question. Top choice was 70k plus we did that.

They added 100k for an edit.

but I guess they are asking for the dec 31 2024 price.

[Etranger]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

It’s not possible if we see the current situation. If Bitcoins goes below 40k usd, people will panic buy and therefore the demand to acquire the Bitcoins will go up. It’s very simple economics of supply and demand. As we know that the Bitcoins are limited in numbers, hence when the price will go up, people will buy more coins and it will increase the demand to buy the coins. As the demand increases the price will go up also in order to meet the demands. Hence it’s completely not possible to go below 19k usd.

It is about demand and supply, however, it also depends on a price on which parties are ready to make a deal. And if you were right about panic buying, then we wouldn't have seen the price below 19k a year and a half ago. I agree that the price on which buying pressure will dominate is much higher than 19k now. But it cannot be ruled out that the price will drop to this level again in the future.

[STT]

Someone actually voted that Bitcoin would be below $19k at the end of the year. Well, it is possible and it’s only just an opinion, but unless some really negative news happens and affects the crypto market at large, I don’t believe that is possible. I’m guessing it could be $60k - $69k, maybe because it has spent too much time already in that range? But the truth is that it isn’t easy to predict because almost anything could happen.

 I think the poll should have lasted longer since it is about the end of the year (which is still distant).

They kind of screwed up the question. Top choice was 70k plus we did that.

They added 100k for an edit.

but I guess they are asking for the dec 31 2024 price.

At end of last year 100k seemed a target too high.  It wasnt edited in, that was there from the beginning so all votes were cast with the same choices.

The choices at the end are just the wild card answers,  100k seemed a wild choice to me but to some extent this is bias in the questionnaire which I think does happen in all kinds of polls.   People asking a set of questions expect a certain range of results but with Bitcoin anything can happen.

Of course I would love if BTC made 100k in a fairly short time period of just this year.   42.3k was open price of Jan 1st.   My general take is many moves are reversed, we lose as much as we gain in cycles, bullish trends would just be where the losses are less in some amount then the gains.   

If the number one rule for Bitcoin is volatility we can move back to 52k or somewhere like that and then everyone's perceptions and preferred choices will alter again.   I mentioned locking this thread so we only update the idea after big movements in BTC price action and its always vs that end year target guess.

   I reckon we aint moving much till April & might be a month from now or longer..   Look at the daily bars now, every bar is smaller then the last we are being squished till implosion or explosion ?   Thankyou for all commentary 

[STT]

I will unlock this topic now as its a few weeks from December 2024 which was the prediction month in question.

Big change or event was the election and also the chart has aligned to resolve towards the upside.    Some now expect 100k, I always thought that too much (this year) but its certainly possible as a volatile short term target.

  Long term my guess was 10k below the old ATH and we were mostly more positive then that this whole year.    Seems my guess will be wrong, we wont trade below 69k ever again ?

[Ricardo11]

Long term my guess was 10k below the old ATH and we were mostly more positive then that this whole year.    Seems my guess will be wrong, we wont trade below 69k ever again ?

Currently, Bitcoin's upward movement seems very likely to hit 100K this year. Because the current market is pumping much more volume than we expected. Because of this, many are currently expecting to cross $100k this year. Bitcoin price is on a very positive trend right now, and if this trend continues, we will see Bitcoin above $100k very soon, and may not see below 69k again, but it is never guaranteed. .

But right now we only have to focus on holdings, why should we worry about Bitcoin's negative movement? Whether the price of Bitcoin goes below 70k again or not, we should aim for long-term holdings, only then can we achieve something better.

[AprilioMP]

  Long term my guess was 10k below the old ATH and we were mostly more positive then that this whole year.    Seems my guess will be wrong, we wont trade below 69k ever again ?

The remaining time of the new year is very exciting. Approximately 1 month and 19 days from now based on my time zone, enjoying the new history that is happening will be more interesting than mentioning the price of Bitcoin that will be traded after ATH.

Wrong things that happen in estimates or price predictions are common. Let's celebrate the current price achievement.
At least those who don't believe in Bitcoin will be hot and cold seeing the current market situation.
I think this is worth celebrating.

[aoluain]

Long term my guess was 10k below the old ATH and we were mostly more positive then that this whole year.    Seems my guess will be wrong, we wont trade below 69k ever again ?

Currently, Bitcoin's upward movement seems very likely to hit 100K this year. Because the current market is pumping much more volume than we expected. Because of this, many are currently expecting to cross $100k this year. Bitcoin price is on a very positive trend right now, and if this trend continues, we will see Bitcoin above $100k very soon, and may not see below 69k again, but it is never guaranteed. .

But right now we only have to focus on holdings, why should we worry about Bitcoin's negative movement? Whether the price of Bitcoin goes below 70k again or not, we should aim for long-term holdings, only then can we achieve something better.

Its amazing, not even a week ago if anyone asked if Bitcoin would hit $100k I would be cautious
about saying it would although in the back of my mind I would have thought there was a chance.

At +$88k I'm thinking Bitcoin could go top $100k this week such is the rate of increase by 8% ATM
just in the space of 48 hours. In know the closer we get to that massive target the harder it will
be to achieve because of the sell orders that will accumulate but still it seems even more likely we
will see it in 2024.

[STT]

I have to agree, its only 10.8k away from 100k right now.   It might be we back away from the magic round number itself but all but in name its easily in the region of achieving that target near term.   [The Poll entry for 100k was an afterthought   but also 2nd most voted]

The formation on the chart for 4hr bars, last day or so of these is looking strong.   Its another flag higher, big pole up then we trade sideways a bit ~ the flag & then very possibly BTC price action resolves higher.
I drew 86k as the area to hold the flag, if not its 73k for the next.
   We moved fast up and people should remember we can move fast down too, BTC hasnt moved like this since year start.   At some points these lines in the sand matter but only quite faint now.