Price indicators hinting at $230k peak

[Porfirii]

In fact, anything is possible in Bitcoin, just as people did not believe in Bitcoin $100K 4-5 years ago, but now Bitcoin has made an ATH of $111K+, in the same way, those who are now ignoring the possibility of Bitcoin, and think that $200K is never possible, Bitcoin will definitely prove them wrong at some point, and can go much further than $200K. Overall, those who can hold Bitcoin for the long term while maintaining a positive outlook, are the ones who ultimately benefit the most. This has been proven in practice, and this trend will continue in the future, so only long-term holders can truly benefited.

You can be right, but think that most of us would never have thought of a scenario in which the president of the USA would have vouched for Bitcoin: it sounds almost like a fantasy come true. Thanks to it, we broke the 100k resistance, but although I hope it as a good Bitcoin enthusiast I am, I don't think it's that likely to break the 200k one if something extraordinary doesn't happen again.

[Ricardo11]

In fact, anything is possible in Bitcoin, just as people did not believe in Bitcoin $100K 4-5 years ago, but now Bitcoin has made an ATH of $111K+, in the same way, those who are now ignoring the possibility of Bitcoin, and think that $200K is never possible, Bitcoin will definitely prove them wrong at some point, and can go much further than $200K. Overall, those who can hold Bitcoin for the long term while maintaining a positive outlook, are the ones who ultimately benefit the most. This has been proven in practice, and this trend will continue in the future, so only long-term holders can truly benefited.

You can be right, but think that most of us would never have thought of a scenario in which the president of the USA would have vouched for Bitcoin: it sounds almost like a fantasy come true. Thanks to it, we broke the 100k resistance, but although I hope it as a good Bitcoin enthusiast I am, I don't think it's that likely to break the 200k one if something extraordinary doesn't happen again.

But we should also pay attention to the acceptance of Bitcoin, big companies are constantly investing in Bitcoin, so we should never think that Bitcoin will never go to $200K unless something extraordinary not happens again like Donald Trump becoming a Bitcoin supporter. It may take a long time, but Bitcoin's good days will come, because Bitcoin is constantly getting stronger, and nothing is impossible for Bitcoin.

[danadc]

I would like to see the price of BTC at that amount of $230k, it is not impossible, it is possible, if we are already at $1000k+ everything is possible, so you have to know how to manage it, the movements that can be made at these moments are going to be very slow, there are many indicators and many tools that announce it, but the amount of $230k is possible but in the long term, this year I do not believe it.

[lionheart78]

I would like to see the price of BTC at that amount of $230k, it is not impossible, it is possible, if we are already at $1000k+ everything is possible, so you have to know how to manage it, the movements that can be made at these moments are going to be very slow, there are many indicators and many tools that announce it, but the amount of $230k is possible but in the long term, this year I do not believe it.

It is quite steep for Bitcoin to reach $230k this year.  It seems there are lots of resistance going in the market.  Just like what this article stated, Bitcoin dipped to $107k despite  $1B  spot BTC ETF inflow.  So I also think that it is a miracle if BTC breach $200k this year.

I think we should observe the market first to see if it can rally to $150k  before insinuating that BTC will reach $230k this year.  Although I hope to see Bitcoin in the $200k-ish price range, I am still sane to see that it is somehow too steep for Bitcoin at the current market sentiment and demand.

[SATWAT]

I would like to see the price of BTC at that amount of $230k, it is not impossible, it is possible, if we are already at $1000k+ everything is possible, so you have to know how to manage it, the movements that can be made at these moments are going to be very slow, there are many indicators and many tools that announce it, but the amount of $230k is possible but in the long term, this year I do not believe it.

Every bitcoin is not optimistic about this price with current range is looking as $112K is going to be break things are going to be had new highs, and I am sure market sentiments are going to be had positive which will make things possible if market is not going to have $230K at the end of this year surely we are going to end this year with the figure of $150K.
2026 is going to be one of the historic years which will be brought many positive things with currently many new markets are developing which will help to ease pressure and price will be gone with positive mod which is always good and bring new ATH for Bitcoin.
Staying into range between $150K to $175K will be also big success but for this need to have good news with crossing this pressure figure of $112K is also important in next few weeks.

[Awaklara]

I would like to see the price of BTC at that amount of $230k, it is not impossible, it is possible, if we are already at $1000k+ everything is possible, so you have to know how to manage it, the movements that can be made at these moments are going to be very slow, there are many indicators and many tools that announce it, but the amount of $230k is possible but in the long term, this year I do not believe it.

I am more interested in seeing Bitcoin reach that price target in the long term. Right now, we are likely to see Bitcoin move sideways for a long time. After that, we may see Bitcoin reach $120k-150k, which is considered reasonable to achieve this year. We have not seen a significant drop after Bitcoin reached its ATH. There will be a possibility of a drop that could also happen this year. Everyone will change their plans and speculations, the most important thing is that we are ready for everything.

[WatChe]

But we should also pay attention to the acceptance of Bitcoin, big companies are constantly investing in Bitcoin, so we should never think that Bitcoin will never go to $200K unless something extraordinary not happens again like Donald Trump becoming a Bitcoin supporter. It may take a long time, but Bitcoin's good days will come, because Bitcoin is constantly getting stronger, and nothing is impossible for Bitcoin.

If we see price history of Bitcoin then it's clear that it's price is going up with time. The recent Bitcoin ETF have huge positive impact on Bitcoin price and is the main reason why Bitcoin is standing above 100k right now. Their are speculations that if Bitcoin is able to break the current 110k resistance then we might see new ATH. The global news and events also effect price of Bitcoin and in case their is positive event, Bitcoin may hit 150k$ this year. Bitcoin will defiantly hit 200k one day and for that we need to wait patiently.  

[Pinemarten]

I asked an AI a while ago about 'using centuries/decades old methods to predict bitcoin price'. The conclusion at the end of the TLDR answer was 50/50. BTCUSD price is still largely effected by the news, Trump's mouth, etc.

The US bombed Iran on June 21/22. On Sunday the 22nd, most of NYC raced to their offices to sell bitcoin on secure servers and crash the price. Asia opened Sunday evening at about 7pm NYC time and bought much of it back. Europe bought even more and by the time NYC closed Monday the 23rd, the price was 2200 higher than closing on Friday the 20th. https://imgur.com/zHs1gzo

If someone wants to list all the possible indicators going back to the Louisiana and Tulip bubbles; then ask 5-8 AI which ones have been most correct for bitcoin since 2016ish. Ask it to add any new indicators created since bitcoin became popular as a commodity.

[Sticky Bomb]

If it were possible to predict the price of anything using some indicators and technical analysis then many people could have easily became rich by using them which would have rendered them useless! It's like a paradox.

Are we even sure that these price indicators aren't manipulative vehicles programmed by them in order to push people into making the wrong trades at intervals and swallowing their capitals. A lot of people would take this as a trading signal and burn their finances

I don't believe in such price indicators, this speculation is so much above the bar, it's like vision 2033 or so. The price indicators are just speculations, it should be taken with a pinch of salt. Meanwhile investors are not bothered, they keep expanding their portfolios and if it plays out, it means more profits for them.

[_BlackStar]

-snip-

You can be right, but think that most of us would never have thought of a scenario in which the president of the USA would have vouched for Bitcoin: it sounds almost like a fantasy come true. Thanks to it, we broke the 100k resistance, but although I hope it as a good Bitcoin enthusiast I am, I don't think it's that likely to break the 200k one if something extraordinary doesn't happen again.

I was wondering what kind of extraordinary thing you're referring to - is it some kind of global economic recovery, or some kind of shift in investor interest in looking for long-term investment and hedging assets?

I also expect bitcoin to break through resistance it has never reached in the future - regardless of the reasons behind it. So far, global economic recovery is not expected - it could even get worse and destroy financial markets, but something like a shift in interest in investment assets and hedging makes bitcoin the most appropriate choice to fight the current situation.

[Danica22]

But we should also pay attention to the acceptance of Bitcoin, big companies are constantly investing in Bitcoin, so we should never think that Bitcoin will never go to $200K unless something extraordinary not happens again like Donald Trump becoming a Bitcoin supporter. It may take a long time, but Bitcoin's good days will come, because Bitcoin is constantly getting stronger, and nothing is impossible for Bitcoin.

In the long run, no one doubts bitcoin will hit $200k or higher, but what we're discussing is whether bitcoin can hit that target in this cycle, and I doubt it either. Without a big enough catalyst, I don't think bitcoin can hit $230k before the bull run ends.

I also don't think that institutions investing actively in bitcoin will be the catalyst for the price of bitcoin to increase, because if we look at what happened in the first two quarters. There is a lot of news about institutions investing billions of dollars in bitcoin or ETFs are also buying large amounts of bitcoin every day. But you see, has the current price changed much compared to the beginning of the year?
To push Bitcoin’s price up to $200k, we need more catalysts than we currently have.

[btc_angela]

But we should also pay attention to the acceptance of Bitcoin, big companies are constantly investing in Bitcoin, so we should never think that Bitcoin will never go to $200K unless something extraordinary not happens again like Donald Trump becoming a Bitcoin supporter. It may take a long time, but Bitcoin's good days will come, because Bitcoin is constantly getting stronger, and nothing is impossible for Bitcoin.

If we see price history of Bitcoin then it's clear that it's price is going up with time. The recent Bitcoin ETF have huge positive impact on Bitcoin price and is the main reason why Bitcoin is standing above 100k right now. Their are speculations that if Bitcoin is able to break the current 110k resistance then we might see new ATH. The global news and events also effect price of Bitcoin and in case their is positive event, Bitcoin may hit 150k$ this year. Bitcoin will defiantly hit 200k one day and for that we need to wait patiently.

I think we already knew that, the ETF effect was really huge as it pushed the price to a new all time high even before the halving itself. And so by now it's already a given fact. But it's totally different atmosphere now, we are just like 6 months from the end of the year and the bull run.

Perhaps as what others might have been thinking, it's better to not really exaggerate the price. I mean we definitely wanted to have a good price at the end of the year. However, let's just be truthful that we might not hit $200k at it might be really huge for us to accomplished.

[Webetcoins]

Inflation is bad, the USD is losing value and bitcoin adoption is happening rapidly but I don't think it will be fast enough to help bitcoin reach $200k in the medium term, let alone the short term.

He seems exaggerating there, especially his second sentence. 'Every asset' huh . Then Gold that is on top must be overcome by BTC by now, lol. But we all know it is only just a dream. Recently there is a stat released and there are still assets that are higher than in BTC. Which is why, if there is an inflation, they will consider those than in BTC or before it. I think that inflation is now always bad but it can also be a balance or a counter to deflation.

An asset can only increase in value when the economy is stable, and is susceptible to bad news or economic instability. How can you expect it to grow rapidly when global geopolitical instability is on the rise?

Traditional assets yeah but for BTC, I think it is far away for it to be affected directly. This is why it is also being considered as an alternative. The growth of BTC is fast I believe but it is just that people are not grateful or contented sometimes. So, they still want more.

[justinlamode]

An asset can only increase in value when the economy is stable, and is susceptible to bad news or economic instability. How can you expect it to grow rapidly when global geopolitical instability is on the rise?

When there is economic instability, investors shift their money to assets such as gold and by right Bitcoin but the challenge is that people do not have that trust yet for Bitcoin and they use reasons such as volatility against Bitcoin. The good thing is that some of those reasons are becoming defeated by the increase acceptance and investment of big capitals and growing interest of governments in Bitcoin. In a matter of time, Bitcoin will even become an asset of choice for investors in time of economic instability.

[BITCOIN4X]

~Snip

I am more interested in seeing Bitcoin reach that price target in the long term. Right now, we are likely to see Bitcoin move sideways for a long time. After that, we may see Bitcoin reach $120k-150k, which is considered reasonable to achieve this year. We have not seen a significant drop after Bitcoin reached its ATH. There will be a possibility of a drop that could also happen this year. Everyone will change their plans and speculations, the most important thing is that we are ready for everything.

This year, especially in May, bitcoin managed to reach its new ATH at $112k, then the price gradually fell to its lowest point at $98k on June 22. The correction was influenced by various things, the war being one of the reasons behind the high market volatility. The potential for price increases is certainly much higher than a severe dump, but all possibilities remain and everyone must consider their own risks.

This month I am more optimistic about the possibility of a new ATH for bitcoin. The $110k resistance is being tested in the last 24 hours, especially now that the bitcoin price is almost touching $110k. Nothing is impossible and I think it's just a matter of time before bitcoin hits its new ATH again.

[STT]

People selling their trading position isnt important, its just noise and people will sell for just about any reason because their position in BTC was never more then a figure on a screen to them rather then actual interest in usage.
   BTC does have alot of speculative activity so its fair that a sell off can occur, its part of what you accept when seeing the price rise alot some of that is inflation from sources outside of the natural Bitcoin ecosphere of users.   BTC has an upper and lower range, I think we're near the top of range but its very similar to where we were in November last year so not too impressive just yet.

If we make a new range, it'd be nice if it was as high as the thread title suggests, its possible but hard to predict just yet when we're only repeating so far.

[passwordnow]

We're already more than half of this year and soon, we'll enter the quarter 4 and so if the peak for this bull run will be $230k, I think that it won't happen. As much as I want to but it seems that we're running out of time with all of the movements that it shows us. But with its volatility, I'm saying that the possibility remains there but with the timeframe, I'm not confident that we'll see $230k. Well, I want to see that and I'd sell some with that price but with the roller coaster that we're having and the corrections left and right, I don't think we'd see that before this bull run ends.

[CryptoBuds]

We're already more than half of this year and soon, we'll enter the quarter 4 and so if the peak for this bull run will be $230k, I think that it won't happen. As much as I want to but it seems that we're running out of time with all of the movements that it shows us. But with its volatility, I'm saying that the possibility remains there but with the timeframe, I'm not confident that we'll see $230k. Well, I want to see that and I'd sell some with that price but with the roller coaster that we're having and the corrections left and right, I don't think we'd see that before this bull run ends.

As an investor, I believe we all want it to happen in this cycle or as soon as possible because it gives us a lot of returns. But realistically speaking, achieving that goal is very difficult, if not impossible.

Indeed, more than half a year has passed and we are still hovering around $109k despite Bitcoin hitting $109k in January of this year. If we are realistic and based on what has happened, expecting bitcoin price to reach $230k, which is almost 2.5 times increase in the remaining 6 months of the year is too big a challenge. Bitcoin has matured and is stabilizing, no longer growing exponentially as fast as before.

I don't expect bitcoin to hit that target this cycle either.

[passwordnow]

We're already more than half of this year and soon, we'll enter the quarter 4 and so if the peak for this bull run will be $230k, I think that it won't happen. As much as I want to but it seems that we're running out of time with all of the movements that it shows us. But with its volatility, I'm saying that the possibility remains there but with the timeframe, I'm not confident that we'll see $230k. Well, I want to see that and I'd sell some with that price but with the roller coaster that we're having and the corrections left and right, I don't think we'd see that before this bull run ends.

As an investor, I believe we all want it to happen in this cycle or as soon as possible because it gives us a lot of returns. But realistically speaking, achieving that goal is very difficult, if not impossible.

Indeed, more than half a year has passed and we are still hovering around $109k despite Bitcoin hitting $109k in January of this year. If we are realistic and based on what has happened, expecting bitcoin price to reach $230k, which is almost 2.5 times increase in the remaining 6 months of the year is too big a challenge. Bitcoin has matured and is stabilizing, no longer growing exponentially as fast as before.

I don't expect bitcoin to hit that target this cycle either.

All of us definitely want to see Bitcoin reach new peaks such as $230k. But we have to be realistic based on what we think and have witnessed on how Bitcoin reached $100k for this cycle and how it's doing. We're not saying that it's impossible but it seems that it is having lesser time for those who are targeting that price if they're about to sell. Well, it's okay if it doesn't happen at this cycle but if it does, we're all fortunate to see it and it's likely that there will be more sellers when that happens especially those that have bought at the dips.

[Ishicryptic]

Anybody is free to predict whatever price that they think Bitcoin will reach in the peak of bull run but their speculations don't have any control over what Bitcoin price will actually be, that is why I don't rely on them. No doubt I like Bitcoin price to reach $230k it will make this circle to be very bullish but with the way the market is now I don't know how feasible achieving that target will be, what is quite certain is between $120k and $150k.  But then this is just my speculation nothing serious, as far as we believe that we are still in the bull run there is no reason to rush and sell because better days are still ahead to make more profits.