BTC market analysis

[As-Soon-As]

Can Bitcoin hit $100,000 this year?

I still can't say one answer between can or can't because of what, because I still don't have knowledge about market analysis like other market experts in delivering their analysis even though there is no exact prediction.
The rest of this year is only three months and the results of my analysis are that with 3 months left that the price of Bitcoin will not reach $100,000 this year. The opportunity to reach a price of $100,000 will likely occur in 2025.

Predicting the future of Bitcoin price is very difficult, as the future is uncertain. But Bitcoin reaches its bull market and in every bull market Bitcoin price hits the highest high. But according to past records, I think Bitcoin price will hit the highest price in 2025, because after the 2020 halving, the bull market reached the highest price in 2021. 
However, assuming Bitcoin price and halving record in 2024, it is more likely to hit the highest price head in 2025, maybe $100,000 and more likely to touch $150,000. But only when we reach a bull market will we get a true understanding of the Bitcoin price, which is why it is most important to pay attention to our Bitcoin holdings.

[Oshio-man]

With what is happening on the market sentiment this recent days, we can factor our many things from here, the market price is getting more attractive as there is more indications that the market is pumping soon, we can see from it previous performance and how it indications have been showing positive for bullish trend, but i don't think i have heard of any speculation not in favour of the current market, everything is positivity coming ahead with bitcoin.

I think many people saw this some years ago, that made them to buy enough bitcoins when the price was around $19k or $20k last year. You can see that those that are still holding bitcoins are more rejoicing than those who are waiting for bear price to happen in the market for them to buy bitcoins, which it will be difficult for the price to fall back to $19kor  $20k  this year, you can see that the price has moved from $58k this week to $64k, which is a good sign to those that are waiting for another bull to happen before they can sell which I know it will happen any moment from October this year.

[fuguebtc]

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But still, you can't discount the fact that after the news have been released to the public, everything goes on and have a good bounce back, including Bitcoin market itself at $63,000 and that is already a big boost in the price as there are speculations that we might retest another lowest low at $49,000.

In any case that this is not a full blown bull run, at least this could still be a short term recovery. For me we really need to go over $60,000 within the last quarter so that there is a good chance that by 2025, we will finally see the bull run that we all have been waiting for.

Honestly, no one wants bitcoin to correct and go back down, including me. We have been through 3 years of bear and people have accumulated enough bitcoin and no one wants to see bitcoin continue to fall. What I want to say is: we can be happy and optimistic but don't be subjective because this is the first rate cut and it's only been 2 days. We don't know yet what their impact will be so we better be careful.

I don't expect bitcoin price to drop below $60k again, that would only delay the bull season. By the way, the "sell the news" did not happen, and that is actually a good sign and we have the right to expect better things in the fourth quarter of this year.

[jcojci]

Bitcoin can hit $100,000 this year but there will need to get a big support so the price can increase and reach that price. But to go to that price is not easy as bad news will comes and prevent the price rise. But we see Bitcoin price can break $60k and that is a good sign to go to the next higher level price.

But we need to be careful with the reversal direction in the market because after Bitcoin price reach the high price, the correction will comes. Unfortunately, we don't know how deep the correction will be and can only guess while we can prepare to buy back at the lower price.

[CageMabok]

I think many people saw this some years ago, that made them to buy enough bitcoins when the price was around $19k or $20k last year. You can see that those that are still holding bitcoins are more rejoicing than those who are waiting for bear price to happen in the market for them to buy bitcoins, which it will be difficult for the price to fall back to $19kor  $20k  this year, you can see that the price has moved from $58k this week to $64k, which is a good sign to those that are waiting for another bull to happen before they can sell which I know it will happen any moment from October this year.

The price of Bitcoin in October could be even higher than it was this month if the price increases can continue without stopping before the month ends. And yes if that can happen, of course that is a pretty good momentum for people who are waiting for the price to go up in Bitcoin, while those who are still waiting for the price to go down still have to be more patient because they are still afraid to buy at the current price. I also see the increase in Bitcoin price from $58K to $64K as a very good thing because it has given a little bit of a different condition this month.

[AprilioMP]

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Just for the price to increase that much in every month from now on, it is clearly not going to be easy for Bitcoin to happen because there are many people who still need to make adjustments to the current market conditions in order to be able to buy Bitcoin in large quantities again.

$63,000 to $100,000 in a short time may not happen even though nothing is impossible if the situation has occurred included in a short time.
Regarding not easy to occur if according to the market conditions the movement is still strong on the sidewalk graphics.
At least $70,000 is still possible to occur within 3 months but the time is waiting for rising prices, it is better to think of ways and try to collect as many Bitcoin as capabilities.

[YUriy1991]

$63,000 to $100,000 in a short time may not happen even though nothing is impossible if the situation has occurred included in a short time.
Regarding not easy to occur if according to the market conditions the movement is still strong on the sidewalk graphics.
At least $70,000 is still possible to occur within 3 months but the time is waiting for rising prices, it is better to think of ways and try to collect as many Bitcoin as capabilities.

In my opinion the movement of BTC value is certain in the next 3 months, of course no one can guess the final price of BTC, it is only predicted to be at a certain number, in my opinion, see and read, but if we look at the direction and development of the current market price, in general it will be better after the last interest rate cut. Normally, many things make the price of BTC rise in an instant and there is a rapid reversal irrationally. Hopefully there will be a lot of good news coming at the end of this month and one of them is the SEC approving the option for a Blackrock spot Bitcoin ETF.

[$weetne$$]

$63,000 to $100,000 in a short time may not happen even though nothing is impossible if the situation has occurred included in a short time.
Regarding not easy to occur if according to the market conditions the movement is still strong on the sidewalk graphics.
At least $70,000 is still possible to occur within 3 months but the time is waiting for rising prices, it is better to think of ways and try to collect as many Bitcoin as capabilities.

Moving from $63,000 to $100,000 straight is not possible in 2024 regardless of Bitcoin market being unpredictable. It has to move slowly from one price to another, get a correction then restart the increase. We first have to get past $70,000 and the market stays at that price for some days before we start moving again to pass $80,000. It might not happen exactly how I said but the market has to moves slowly upwards. It is only during the times when we are now actively in the bull market which is next year 2025, that the price can move very fast. During that time, you might not get a chance to invest again because the price of Bitcoin will be on a rapid increase therefore we have limited time to accumulate Bitcoin this year.

[AprilioMP]

$63,000 to $100,000 in a short time may not happen even though nothing is impossible if the situation has occurred included in a short time.
Regarding not easy to occur if according to the market conditions the movement is still strong on the sidewalk graphics.
At least $70,000 is still possible to occur within 3 months but the time is waiting for rising prices, it is better to think of ways and try to collect as many Bitcoin as capabilities.

In my opinion the movement of BTC value is certain in the next 3 months, of course no one can guess the final price of BTC, it is only predicted to be at a certain number, in my opinion, see and read, but if we look at the direction and development of the current market price, in general it will be better after the last interest rate cut. Normally, many things make the price of BTC rise in an instant and there is a rapid reversal irrationally. Hopefully there will be a lot of good news coming at the end of this month and one of them is the SEC approving the option for a Blackrock spot Bitcoin ETF.

There is nothing wrong with the belief that the price will increase in the next 3 months even though it is only a prediction.
I don't want to guess whether it will go up, down or sideways because I still need time to be able to smile with the amount of Bitcoin that exists even though I currently feel it is still very lacking before the next highest price occurs.
With various things that can encourage it to increase, we will welcome it.