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

[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?

No matter how we speculate about the price of Bitcoin, we can not dispute the fact that the price of the asset can be very dynamic and even if we are very speculative about a very particular price, it's possible that the price might not end up as expected or could be go above our expectations. Despite theh price pump of Bitcoin before and after the halving, I don't have doubt that Bitcoin price can still be able to reach $80k+ before the end of this year but even if it doesn't, I don't have anything to lose because I already set my target price to sell and until that price is reached, I am obligated to keep holding.

if we can see the broader outlook of the current situation of BTC i think we can pretty much make prediction on how the market will turns out, for example if there were news of some entity tries to dump their bitcoin holdings into the market, we can be sure that there will be negative sentment and the market might turn bearish.

so I think we can somewhat take a peek into what gonna be happening, but doesn't necessarily means we gonna be right, for me though I think since mt gox dumping and jumper has dumped their ETH and currently BTC is having few days of good inflows added with accumulation of institutional investors, I think $80k is possible. although undeniably there were times of outflow as well.

[barisbilgili]

if we can see the broader outlook of the current situation of BTC i think we can pretty much make prediction on how the market will turns out, for example if there were news of some entity tries to dump their bitcoin holdings into the market, we can be sure that there will be negative sentment and the market might turn bearish.

so I think we can somewhat take a peek into what gonna be happening, but doesn't necessarily means we gonna be right, for me though I think since mt gox dumping and jumper has dumped their ETH and currently BTC is having few days of good inflows added with accumulation of institutional investors, I think $80k is possible. although undeniably there were times of outflow as well.

That is absolutely true but regardless of what happens for the reasons you mentioned but I am sure that the reversal will happen shortly after that as it has happened in the last few months and even happened repeatedly when there is a fast and significant movement it will reverse back to the way it was which means if we look at it as a whole there is no significant change. For the remaining few months of this year I also think so and even if we look at what happened in the past it is quite possible that we could see a price of $80k as you mentioned, I am quite optimistic about that myself.

[adaseb]

I don't think anything major will happen in August. It will be a sideways month unless there is some big macro event like that Japanese carry trade unwind last week. The volatility will return in mid to late September and things will get really interesting going closer to the election.

Obviously if Trump wins, it will be a huge rally day for bitcoin, if he loses then obviously the opposite will happen. November is also when there are huge moves, like in previous years and I am pretty sure this year will be no different.

[rhodelmabanal]

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.

You are lucky if you can predict the price, because no one can predict it and it makes btc more exciting to those who do buying and selling, there are always possibilities that btc will hit another all time high this year the price is still high and only few percentage away from the new all time high so lets just keep watching for good.

[Mahanton]

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.

Expect the unexpected and this is something that you should really be on your mind on the time that you would really be dealing up with this space. Why? Market is truly unpredictable and there's no way that you could really be able to make yourself that making be making precise approach or analysis towards the movement. This is why on the time that you would be having that kind of assuring price targets for this year then
it would be better that you should be changing up that kind of mindset because it will really be just that making that kind of disappointment on the time that you would really be seeing the price is really that opposite on what you are really that expecting into. This is why it would really be better that you should really be that anticipate that things would really be that totally random and its important that you do have that kind of realization.

This is why it would really be that important for you to make yourself having that kind of consideration when it comes to see opportunities and would really be diving into it once you do able to see it
and this is something that you should really be putting up into your mind. This is why it would really be that recommended on having that kind of considerations on the time or moment you've seen
such conditions. Expect that it wont really be that something that will be predictable. You are really that just trying out to go with the flow and act according into your
knowledge and awareness on how this market behaves.

[uneng]

Obviously if Trump wins, it will be a huge rally day for bitcoin, if he loses then obviously the opposite will happen. November is also when there are huge moves, like in previous years and I am pretty sure this year will be no different.

US elections is something which Bitcoin investors should be paying attention to, because its outcomes are definitely going to impact Bitcoin price in the final months of this year. A strong Bitcoin rally has potential to drive the price to a new ATH before 2025. I believe 80,000$ to 90,000$ is possible between November and December if we aren't surprised by any impacting bad news along the way.

All the small dumps and pumps we have been seeing along the recent months are a signal Bitcoin is preparing itself for a big skyrocket to the moon. Despite the dumps, the tendency is bullish, because Bitcoin is constantly recovering itself and maintaining position inside 50,000$'s price range.

[tygeade]

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.

Not just bitcoin, all the markets are known for reacting earlier than expected time frame; this is because when there would be more competition for grabbing cheaper prices. Yes, just FOMO. When bitcoin market behaviours change around halving event, then we can expect more traders and investors do participate and take bitcoin market into new high earlier than what we have witnessed on previous market cycles.

I mean, we may break a new ATH at any time soon and this halving year as well might transform into a complete bullish year, who knows? Market phycology about uptrend is driven by how many people believe on upcoming bullish market, when more people decide about making use of current dips then new ATH on every week is not a bullish year event which may happen on halving year also.

That's always the hyping period, whenever the price goes up people start to flock and that ends up being the most important part, we are going to make some good money thanks to all the people who are investing heavily whenever there is a good bull run.

It's just a cliche period because we are seeing the change happen real live whenever there is a pump, because whenever the price goes up, even if it is not a bull run but just a recovery, we see a lot of new people coming out of the woods and that is why I believe that we are going to make some good return. We just need to make sure that we are holding before they get in, so that when they get in the price will be going up, and because we got in before them and held it, we will profit a lot.

[YUriy1991]

That is absolutely true but regardless of what happens for the reasons you mentioned but I am sure that the reversal will happen shortly after that as it has happened in the last few months and even happened repeatedly when there is a fast and significant movement it will reverse back to the way it was which means if we look at it as a whole there is no significant change. For the remaining few months of this year I also think so and even if we look at what happened in the past it is quite possible that we could see a price of $80k as you mentioned, I am quite optimistic about that myself.

Yes. Everyone is looking forward to it. The rest is about 3 months and 8 days away towards the end of the year and I also have a hunch that the acceleration of the BTC price increase will be coming soon and for the end of this year I am sure that the 80K figure that you predict will be broken. Indeed, if we see the market for now is still mediocre, it could be that the price range that revolves is still $60.7 K.

[TravelMug]

That is absolutely true but regardless of what happens for the reasons you mentioned but I am sure that the reversal will happen shortly after that as it has happened in the last few months and even happened repeatedly when there is a fast and significant movement it will reverse back to the way it was which means if we look at it as a whole there is no significant change. For the remaining few months of this year I also think so and even if we look at what happened in the past it is quite possible that we could see a price of $80k as you mentioned, I am quite optimistic about that myself.

Yes. Everyone is looking forward to it. The rest is about 3 months and 8 days away towards the end of the year and I also have a hunch that the acceleration of the BTC price increase will be coming soon and for the end of this year I am sure that the 80K figure that you predict will be broken. Indeed, if we see the market for now is still mediocre, it could be that the price range that revolves is still $60.7 K.

We can only say that the market is mediocre because we have reach a new all time high at $73k before the halving. But if you look at the price, still good at $60k in my opinion. But just like the rest of us, definitely looking for higher highs as the end of the year so it's possible that $80k is doable maybe in December.

And then we have the US election that might have a influence on the price. But I guess whoever wins the price will truly march on the last quarter of the year. Perhaps we would see another great news that will bring positive momentum to reach $80k or even like 6 digits at the end of the year.

[mirakal]

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.

We never know yet, but I know that the majority are still looking forward to seeing that the bitcoin price will reach above $73k. But for now, we still know what is coming, as the market condition is difficult to assume. But there is one thing I was sure of pumps during BER months, a usual thing we have experienced in the past years. 

Currently, the price of bitcoin is at $61k, which is not too low to think that we are in a bearish direction. And I feel confident that we are still able to see bitcoin at $70k again, hopefully before the end of 2024. We are indeed just hoping, but of course, the possibility is always there, and just like in the previous ATH, it comes unexpectedly.