Bitcoin - what do you expect for the rest of 2024?

[JamesDaniel90]

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.

[Majestic-milf]

 First of, I think your topic will suit the speculation board and I suggest you move it there. As for Bitcoin price and what to expect during the remaining parts of the year, I think it's just to take it as we see it because if you have too much hopes and anticipation for an increase and which month that said increase will occur, we may get disappointed if it doesn't meet up with what we've expected and it can burst our bubble.
 No one expected to see it hit $73k and I believe we've not seen the last of this bull but we can't peg the particular period another wave will occur.

[Hatchy]

No one expected to see it hit $73k and I believe we've not seen the last of this bull but we can't peg the particular period another wave will occur.

Currently, the market to be in a correction stage which took it back down to the $49k mark. Though some analysis have stated that Bitcoin Price will break past the $73 k before the run out of 2024. But it's still a prediction no one can tell where the price will actually get to by 2025. What we should have in mind is that the bull market is yet to come and we are gradually getting there. From my assumption, this year will be very bullish for Bitcoin so any one who wants to acquire even more should get his hand on any little amount he can and continue stashing them up.

[NeuroticFish]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

1. As already said, this should clearly be a topic in Speculation, not Bitcoin Discussion.
2. I still expect we go past 73k this year. I expect the bull run go on in Q4. (However, I can always go wrong, I have no crystal globe.)

[Yamane_Keto]

There are no expected times. If you build a chart to predict Bitcoin prices based on the last 3 cycles, the results will be different, and each cycle has new data, but the general shape of the cycle is a peak after 6-18 months of Bitcoin Halving, then a bottom after that.

This is one of 2025 analyses that I find it good.

[Doan9269]

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.

This is a question in which no one has the right and direct answer to because bitcoin is a volatile and unpredictable digital currency, just as we had it happened in March and the people less expected it to come, anything can as well come up at anytime, bitcoin may make another all time high this year to $80,000 or more, we cannot predict, but when the time comes, we are going to see the indications that will be pointing at the aim to reach the all time high, keep ion speculating and also expect anything at anytime, while you DYOR.

[LogitechMouse]

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.
--

Why expect something to a market that's very much unpredictable? You felt disappointed, right? Don't expect too much because you don't know what can happen with the market. I mean nobody expected for Bitcoin to surpass it's previous ATH weeks before the halving event happens. That's the first time, and I expect more first time's soon when the bull market starts.

As for Bitcoin surpassing it's ATH of $73,000, the bull run hasn't even started yet IMO so there's a chance that it will surpass that price. Will it be this year? Based on history, the crypto market is bullish during the last 3 months of the year, so there's a chance that it might surpass during the final quarter of the year. Of course, I might be wrong. Just be patient, continue dollar-cost averaging, and like I said, don't expect too much.

My expectations? Bitcoin will reach $100,000 this year. Sounds impossible, but that's why the crypto market is very exciting to invest our money with. It's pretty much unpredictable.

[EL MOHA]

2. I still expect we go past 73k this year. I expect the bull run go on in Q4. (However, I can always go wrong, I have no crystal globe.)

My expectations isn’t different from this, I think we actually hit this $73k all time high very early and the correction from it is what is keeping the market down, i had earlier predicted that this Q3 will be actually more of a ranging market but the current economic conditions looming like recession is affecting it more and That’s what even lead to the dip to $48k on August 5. Q4 historically is usually bullish on halving year so I am predicting the same to happen with only the obstacle been this economic conditions if they fail to subsidize

[tread93]

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.

I think we will see a gradual fixation back towards the ATH in the holiday / election season this year. Ultimately I feel like there will be a lot more volatility for the rest of this year but I am thinking it’s going to end on a more positive note moving into 2025 for sure.

[Z-tight]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

The approval of spot etf's in the U.S market was the reason why we witnessed a new ATH early this year, however, i don't think because of that the price will stay below the new ATH for the remainder of this year. Since then the halving has happened and the expectation is that BTC price will at least be > $80k before the end of this year and then higher than that by the end of this cycle. But this is all just speculations and the reason why this thread should be moved to the speculation section.

[coolcoinz]

In my view, we haven't seen a real bull market yet. What we saw was a pre-halving bull run. These happen from time to time, for instance we had one in 2019 when we went from $4k to 14k. It was not an ATH that time simply because the previous bull run was extreme and took us up 20x from the 2013 ATH of $1k. Something like that today would mean 1.3 million dollars!

Let's go into proportions for a bit. That pre-halving run of 2019 was around 4.5x of the bottom of $3000. $16k (the bottom of this cycle) multiplied by 4.5 is 72k. The ATH this year was $73k, so it,s pretty close if you ask me. IMO that's what we have witnessed and after that top in 2019 we corrected to $7k, so about 50%. This time the market is stronger due to ETFs and more dedicated holders holders and we fell only by 30%, but it's pretty much the same exact bull market correction. Yes, we are in a bull market, if you haven't noticed and bitcoin's bull cycles usually last for 2 years.

[Questat]

No one can be certain with bitcoin. Despite the fact that bitcoin has already reached its all time high early this year, still that won't guarantee that bitcoin will be able to manage again to reach new heights this year.

Bitcoin shows more downward trend on its price these past few months, and it won't be surprising that we will end this year seeing bitcoin like that. However, with how unpredictable bitcoin price is, there's also chances that we will start to recover and pass the last ATH at the last quarter of this year. So let's just wait and see what Bitcoin has to offer in the remaining months of the year.

[Charles-Tim]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

[Yaunfitda]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

That's why if I'm not mistaken, the all time high could be a average of what other exchange had during that time.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

That's one thing for sure, accumulation is the key here and then we need to have patience as well. We have been accumulating since the bear market, and post halving, everyone might think that we should be around 6 digits by this time. But there are lot of things that can have negative effect on the price as much as there are positive effect. Just like the approval of Bitcoin ETF that really pushes the price to a new all time high. However, after that it seems that the price is into correction mode as we never get close to that price again. Nevertheless, the last quarter might be a big run for us and I'm seeing that we might see around $80k before the end of the year.

[Charles-Tim]

That's why if I'm not mistaken, the all time high could be a average of what other exchange had during that time.

Yes. Sites like Coingecko or Coinmarketcap can be used to check the average price from the listed exchanges on the sites. Although, I only use the price that I saw on the exchanges that I am using without doing the average because the prices will almost be similar. The all-time high is $73750 on Coinmarketcap.

[JeffBrad12]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

it's still unclear what the market direction gonna go, but the institutional investors are willing to buy BTC by the billions you know what it means.

I think its just the way of market wiping out some paper hand because you know in every bullish cycle there's always this bear trap that could squeeze people out of their long position.
but I think bitcoin could get back to $70k level again easy, regardless I consider sub $50k to be instant buy for me.

[GreatArkansas]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

This makes sense because as you can see how many times Bitcoin dropped below $60,000 at the beginning of this month and last month, it just kept bouncing above $60,000.
My conclusion is Bitcoin is building strong significant support in the $50,000 - $60,000 area which for me, will still stay for longer.
The only good news here is we are safe, either you are a bull or bear.

[Kemarit]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

This makes sense because as you can see how many times Bitcoin dropped below $60,000 at the beginning of this month and last month, it just kept bouncing above $60,000.
My conclusion is Bitcoin is building strong significant support in the $50,000 - $60,000 area which for me, will still stay for longer.
The only good news here is we are safe, either you are a bull or bear.

Right, we have a lot of support lines along the way, and even if it fall to $50,000, we have a good bounce and right now it seems that we are in run as the price might hit $61,000. But for the rest of 2024, I think it will still be bullish, remember that after that, it might take at least 6 months for the market to see some semblance of a bull run.

And if that happens, then the last quarter of the year might be a big gauge that indeed a bull run is imminent. So we might see a new all time high at the end of the year and we could be around $80,000, I reckon.

[sunsilk]

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

Yes, the best is yet to come.

Don't think of it that we'll never pass that price that we've seen before the halving. The after-effect of halving is much better than the pre-halving effect that we've seen.

I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.

Let's wait and be patient.

When this month ends, I think that it's going to be the ber months when things are going to be better. Anyway, we're still better when this year has entered.

[Lucius]

With us seeing a new all time high in March before the Bitcoin halving this year it has left me feeling unsure of what to expect for the rest of this year.
~snip~

Have you invested in BTC or are you still 100% in altcoins? I know everyone is waiting for BTC to go strong to pump up the altcoins along the way, but it wouldn't be the first time that doesn't happen. The first most popular altcoin has only 30% growth in the last year, Bitcoin at the same time has about 100% - not that it is some kind of ultimate indicator, but I think it is worth taking into account.