2024？to 60000 again？

[legendbtc]

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

To me $60k is a very close price target to be reclaimed, despite a lot of sell pressure coming in lately, but if the CPI data comes out positive on thursday, it definitely gonna get the price pump a bit, Today the price were able to go kiss the $69k, I believe we will even reclaim the 70k price level before the end of the year because, There is also an FOMC meeting which will take place in November few days after the US presidential election, and which I believe the Federal Reserve will resume its rate cute, and likely going to be dovish, in this case, a low-interest rate like 25 basis points will definitely send the market way higher than $60k.

Last month's CPI was 3.3% and many economic experts predict this month's CPI will drop to 3.1% and if this scenario happens, it is very likely that bitcoin will once again return to above 60k$. We will have the answer tomorrow.

But whether the Fed will lower interest rates this year remains a question, the Fed maintained its hawkish stance and said it would all rely on economic data and they did not promise anything. But I think whether the Fed cuts interest rates or not is not the only factor that causes the price of bitcoin to increase, because let's not forget that bitcoin went from $15k to $72k without any interest rate cuts from the Fed. They have an impact on the market but are not the only factor determining market trends.

[justdimin]

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

Comeon, we are just mid year and already conceding that price can't break a 60K barrier we just left psssh 

Look at it from this angle, external factors are influencing how current markets move, elections and political influence, mtgox anticipated payback,  and generally the fear factor into the markets has caused a high bearish sentiment at the moment...but being human's we easily forget and it only takes one major positive news and markets will be in the green....so for 2024 I expect markets to close strong and above the 60K that's looking like a psychological barrier for the time being...

I agree that even with one small tiny good news, we could skyrocket again, everyone is waiting for that to happen and the wall above isn't strong so going up will be quite easy, we can do it and there is a good chance for it. I think it's quite possible for us to have something better, we just need to make it work one way or another. I know that life isn't simple, and I know that we are going to end up with something much harder, we just need to make sure that we can do it.

Waiting for the price to go up is nerve wrecking when you see it go down like this, many people get scared and sell, that fear is the reason why we should buy because when others are fearing, that means it's at a great price to purchase, then we wait until it goes up again, which it will eventually one day.

[passwordnow]

Some slowdown are going to happen because that's what we've been in the last bull run. After the halving, it didn't moved up as high as it was before and that's why if you're in a hurry and waiting to see those high prices, you need to apply more patience to yourself. Because if you're just the casual type of investor without the patience that the market requires, you'll be a dead meat soon because you'd panic and gonna sell. While you sold your holdings, the takers are going to take it no matter what the price is as there's always someone out there trying to acquire as much as they can. Don't be a seller for now, be a collector and wait until the right time arrives for sure it will come and that's when you have to decide to sell. $60k is going to be there soon at the end of this year and if not, we still have a long way to go for this season to end.

[348Judah]

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

You're not even consider for this month if bitcoin will rise pass $60,000 or not, the whole year is too heavy and more wide enough not to have acquired the bitcoin market price of more than $100,000 and you will have to see how possible this could be, if you could recall that this period is basically a post halving experience and the market will soon continue to go bullish despite the bear we are seeing now.

[tygeade]

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

While people kept talking about what's going to happen, we already managed to make it work and get over 59k and 60k+ isn't that far off neither, by the looks of it that could happen. We need to consider something that will take some time, and we will consider how to make it work. I know that we are going to end up with a greater profit if we keep on trusting bitcoin. If we keep doubting it, it will show us how it is going to end up with a greater result with what we have.

So all in all, we should consider how to make it work, and how it could help us on the long run. Considering how we are dealing with what we have right now, I think it is not going to be that hard to achieve, we just need to be careful about it and it will get higher.

[uneng]

Bitcoin almost hit 60,000$ today. I guess now it's just a matter of time until Bitcoin breaks this resistance level again. The issue is that there is a very strong sell order around 58,500$ which pushes Bitcoin price instantly to 57,500$ in a very short time period, and then the positive tendency of the market immediately fades to a negative one pushing the price into further losses. Yesterday something similar happened as well. It's really annoying.

I'm just speculating, but could that be German government dumping their coins on the market?

[STT]

German government shouldnt especially be able to derail this market but they do have a big name and reputation.  Main take with this or any other selling is the excess supply and so lower price is a temporary phenomena, its not important further out.

  It doesn't represent consensus or a trend, however as well as this news that separately as a negative could be in play as well.   I can see we attempted 60k and came close twice, so let that be the high tide mark to judge direction on.   Should we not be able to pass 60k continually then the tide might well be going out, for lower prices.

[Popkon6]

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

You may notice that the price of Bitcoin is touching 58 thousand, just slightly below 60 thousand. Therefore, if the price of Bitcoin increases by a small amount, it will have a high probability of reaching the highest level. 
Because right now the government of different countries such as the German government has already sold bitcoins in several stages. Because they have sold bitcoins from their vast reserves, everyone prefers to escape the bitcoin dip.... I can say they are wrong because the highest Bitcoin price is likely to improve. The price of Bitcoin will hit its peak when the bull run begins and it is only a matter of months away.

[bestcoins1]

You're not even consider for this month if bitcoin will rise pass $60,000 or not, the whole year is too heavy and more wide enough not to have acquired the bitcoin market price of more than $100,000 and you will have to see how possible this could be, if you could recall that this period is basically a post halving experience and the market will soon continue to go bullish despite the bear we are seeing now.

The decline in Bitcoin prices that we are seeing now is a fairly normal decline due to important news that has occurred so far, so it can give rise to a bit of panic among some Bitcoin holders. So there is no need to worry because Bitcoin could recover again this month even if it doesn't immediately pass its highest price at this time. Because the range of $60K to $70K is something that is still quite possible for Bitcoin to achieve within two months if the recovery can take place from now on.