2024？to 60000 again？

[xiaobu12345]

1) …

I feel that you've covered all the possibilities, which is equivalent to saying nothing. Among the three options you gave, I can choose any one of them. Is there a fourth option in this lovely world? So your answer has no value at all. However, I still thank you for your reply. This also shows that everyone here is quite concerned about the trend of Bitcoin which is perfect.

[GbitG]

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?

Hmm, I think the Bitcoin price will rise above 60,000 in 2024. There are only 5,6 months remaining until the end of this year, and if we look at the previous Bitcoin monthly return. We can clearly see that Bitcoin has performed a super bullish movement in the 3–4 months at the end of the year since 2013. So looking at this point, I strongly believe that Bitcoin will be definitely hit $60,000 at the end of of the year or maybe Bitcoin could hit its current all-time high.
 
Apparently this is a speculation, but another point of view is that if Bitcoin did not rise, that is, due to selling pressure, it did not stop at its crucial support, which is approximately 50.5k, but there are chances that we will stay below 50 for some more time. It can stay, that is, the price can be stuck in the range. Everyone else has their own perspective, it may be wrong or right. This is my perspective, which I have described above.
 
DYOR !

[xiaobu12345]

Honestly it already…

I think you must have been in this forum for a long time, so your judgment is rather radical and full of subjectivity.

Maybe you are full of imagination about the foundation or future of Bitcoin, but we cannot deny the possibility that it might break down in the middle.

Considering the halving of miners to 3.125. The halving of miners' income!  It will put pressure on miners and cause problems with computing power. At this time, the security of the Bitcoin network will also be questioned.

The exit of small miners will cause the mining industry to become more centralized , which will also lead decentralized Bitcoin to become a centralized product . And a 51% attack is likely to occur more easily, which will endanger the entire Bitcoins ecosystem.


So nothing is absolute and cannot be generalized. What I'm discussing is just whether it can reach 60,000 in 2024. Maybe it will go downhill in the rest of 2024 and directly drop to 20,000, 30,000 or even 10,000.

[xiaobu12345]

…… I don't care about the price now, this is because of the FUD of the government who continues to sell their bitcoin.

FUD ,good description!

When it comes to the government, I think there is no need for a government to support Bitcoin because the issuance mechanism of Bitcoin is in opposition to the government. As a government, to manage its own country well, it must have the right to issue currency. It governs the country and the people through the right to issue currency. If they support Bitcoin, it is definitely contrary to their will of governance.

Then from my point of view, it is impossible for the government to support Bitcoin. Even if they ostensibly support Bitcoin, they must be cracking down on it secretly. After all, as a government agency, there is no need to stab itself in the back or support something that will threaten its own rule.

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

[uneng]

So nothing is absolute and cannot be generalized. What I'm discussing is just whether it can reach 60,000 in 2024. Maybe it will go downhill in the rest of 2024 and directly drop to 20,000, 30,000 or even 10,000.

It's heavily unlikely that Bitcoin doesn't cross the 60,000$ mark this year yet. Right now Bitcoin is almost reaching to 58,000$, and if this bullish tendency can be maintained, we are going to see Bitcoin back to the price range you are arguing about faster than we imagined last week. There is a small chance that Bitcoin will go downhill for the rest of 2024, and by "small chance" I'm being really open minded regards your point of view.

It's halving year, Bitcoin is bullish, the biggest sharks of financial world are fully focused in Bitcoin and it can be already considered a mainstream investment... If Bitcoin still were a risky asset with potential to crash to the bottom prices you mentioned, I don't think institutional investors and funds of investments would be depositing so much money on it.

[philipma1957]

…… I don't care about the price now, this is because of the FUD of the government who continues to sell their bitcoin.

FUD ,good description!

When it comes to the government, I think there is no need for a government to support Bitcoin because the issuance mechanism of Bitcoin is in opposition to the government. As a government, to manage its own country well, it must have the right to issue currency. It governs the country and the people through the right to issue currency. If they support Bitcoin, it is definitely contrary to their will of governance.

Then from my point of view, it is impossible for the government to support Bitcoin. Even if they ostensibly support Bitcoin, they must be cracking down on it secretly. After all, as a government agency, there is no need to stab itself in the back or support something that will threaten its own rule.

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

if both the usa and Germany sold all their coins and price tanked people would buy cheaper corn  and mining difficulty would drop. we would climb back up the hill again.  For your case to work I would think blocks need to be at .39 not at 3.25

but its a short wait of

1.62500 2028
0.81250 2032
0.40625 2036      

  If we were at that time I could consider you argument to have legs.

[Dave1]

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?

Lol, we still have a lot of months this 2024 and the current price is $57k. So moving to $60k, the market just need a little push to get to that price and obviously in the next 6 months we might do it.

The thing is that newbies doesn't have the patience of some of us here that's why they will ask questions that sometimes we think that if you think logically, they might come up with their own answers already. So just stay put, maybe at the end of the year, we might be around $80k or even higher, just saying.

[South Park]

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?

I do not think this is challenging at all, I mean if bitcoin had suffered a massive drop I could understand your worries, but bitcoin is currently trading at 57k, the most minimal pressure from the bulls will be more than enough to bring the price above that level, so if this is something that worries you then stop doing it, as it is just a matter of time until this happens, so just keep yourself as calm as possible and avoid selling your coins now.

[Out of mind]

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?

I am always positive about Bitcoin and I think Bitcoin price will definitely touch $60k dollars in 2024. The market entered at $73k dollars in 2024 so it is very likely to surpass this position again. Although the market has been dumping a lot for some time, it will definitely bounce back. Due to volatility in the market was dumping a lot, but currently the market is pumping well today bitcoin price touched $59k dollars very soon it will touch $60k. And by the end of 2024, I think the price of Bitcoin will rise even more and its price has a chance to enter $80000.

[Hallroom]

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?

Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.

[JeffBrad12]

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?

Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.

I think 60k is imminent, bitocoin already breaking Bear Penant and is readying to break through the $60k marks but the big question is, will the mt gox dumping be of concern for the bitcoin market?
we so far don't really know how the distribution of BTC gonna be with mt gox I mean there are some info here and there but really nothing sure until mt gox actually do the deeds down the line.
however, if bitcoin could breakthrough $60k and is still having pump and close above $63k I believe it will be good bullrun waiting for us.

[Minor Miner]

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?

Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.

I think 60k is imminent, bitocoin already breaking Bear Penant and is readying to break through the $60k marks but the big question is, will the mt gox dumping be of concern for the bitcoin market?
we so far don't really know how the distribution of BTC gonna be with mt gox I mean there are some info here and there but really nothing sure until mt gox actually do the deeds down the line.
however, if bitcoin could breakthrough $60k and is still having pump and close above $63k I believe it will be good bullrun waiting for us.

I tried searching for the latest news about Mt.gox but there was nothing new, however some news said that the German government is still selling their bitcoins. But looking at the market, we can see that bitcoin is gradually recovering even though the German government is still selling bitcoin. I think after a few days of correction, it seems like the market has absorbed all the negative news and no longer cares about this news. So even if news about Mt.gox spreads again, it won't affect us much anymore, people gradually become immune to this series of news. So I don't see any reason for us to be pessimistic anymore, I believe we will recover from here.

[JoyMarsha]

Bitcoin is few thousand($1500k) close to the amount of $60k, you are asking if bitcoin could reach $60k when the year is at its beginning of Q3, with remaining many months(5 months) to the end of the year. However, to clarify your curiosity, bitcoin will reach and pass $60k before the end of this month, not the end of the year. I am thinking of a higher price of 70k above this year.

[Dickiy]

Bitcoin is few thousand($1500k) close to the amount of $60k, you are asking if bitcoin could reach $60k when the year is at its beginning of Q3, with remaining many months(5 months) to the end of the year. However, to clarify your curiosity, bitcoin will reach and pass $60k before the end of this month, not the end of the year. I am thinking of a higher price of 70k above this year.

No need to worry about the decline in bitcoin prices this month, in fact this should be profitable for all of us to continue accumulating our current bitcoins,

I don't really care about negative news that makes bitcoin prices fall or market prices are unstable, apart from continuing to focus on accumulating my bitcoins.

and I am sure that the increase will occur after passing this month slowly and possibly after passing this year there is a possibility that the price of bitcoin will pass $60k or even $70k

[Woodie]

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...

[Iranus]

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

How often will governments sell bitcoin when they only hold a fixed amount of bitcoin and cannot create more bitcoin like they can with fiat? Once they sell all of their bitcoin holdings, we will no longer be affected by them.

If what you're talking about is the government trying to make it impossible for bitcoin to become a currency, then I don't think they need to plan to crack down on bitcoin. They simply don't make it legal tender then it will never become legal currency, and that's what they've already done. They have legalized it but they only allow us to use bitcoin as a commodity (asset). And I also think that in the future they will not change that decision, they will never let bitcoin become a currency because as you said, they will lose control over us if bitcoin is used as a currency to replace fiat.

[Lanatsa]

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?

Going down?

Speaking about volatile market then this is something that will really be just that normal.If you are really just that new then you would really be normally be freaking out but if you are getting used to it then you would really be having another words or sentiments towards it since you do know on how this market works or on how this moves.People who do usually freak out is into those who don't have that enough experience towards this market on which they do easily panic and made out some conclusions that the market would be going down into those low levels.Somehow it is really that relevant that when it comes to movement then everything could really happen in a short period of time on which it would be needing up that kind of approach that you should needing to have that versatile behavior if you do really need up to survive this very volatile market.

[Franctoshi]

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.

[STT]

Simple answer to this in within the 200 day average, consider this measure as having a gravity with it.   If the 200 DMA is rising and its already near to 60k, then in future its going above 60k the aspirations in that long term measure of momentum are positive despite the near term weather.


Point being if we are going down today, this week heck even this entire month.  We are still very likely to come back to visit this 200 day average in future in this year, in a bearish way it would be a brief visit and we fall again.  In summary its very likely we are above 60k in 2024, thats the positive its more probable then not.   The negative is the definition of this outcome is unknown, we can go up only as a brief moment of volatility before reversing; its the inverse of a massive sell off that turns into a V bottom a sharp recovery.

[LogitechMouse]

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?

$60,000 is a bit conservative if you will ask me. I mean we're $3,000 below that price. Why are you asking it?

Many are expecting that this year would be the start of the bull run. Right now, we aren't seeing it happening yet, but I expect Bitcoin to at least rise up in price compared to where it was last year. I expect that it will surpass its previous ATH of around $73,700. I believe that what's happening around the world is the reason why you asked this, eh? Don't worry OP. Everything will be just fine. We might see Bitcoin going down for the moment, but in the long run, it will go up in price that's for sure.

Right now, what you can do is to just DCA, and ignore the news. Bitcoin will rise up above $60,000 for sure.