Bitcoin

[Bitcoin_people]

Hi guys , Bitcoin has been ranging between 88k–90k for a while now.
What’s your take on this consolidation? Is it ETF selling pressure, macro conditions, or just a healthy accumulation phase?
Do you still see 200k–250k as realistic this cycle, or has the narrative changed? 

The way we see the Bitcoin market currently is not a weakness, but we can say that the market is likely to grow somewhat. Due to the ETF, the market is not currently being suppressed, but rather it is maturing the market. However, many have predicted that according to the current market conditions, the price of Bitcoin may be at a much higher level in the coming days. But if we follow the previous circle and the chart, we can see that it is more likely that the market will enter a recession. However, I think that the price of Bitcoin may go down after a few months, but at the level where the market is at the moment, there is a high possibility of entering some highs.

[Zigabel]

Hi guys , Bitcoin has been ranging between 88k–90k for a while now.
What’s your take on this consolidation? Is it ETF selling pressure, macro conditions, or just a healthy accumulation phase?
Do you still see 200k–250k as realistic this cycle, or has the narrative changed? 

At the beginning of the Just concluded cycle, it was at around 30k to 40k but by the end of the cycle, it has rounded up to about 125k, that is over 200% on both price range, so now on a 90k range, let's assume it does another 200% , that will be over $250k, this is a possibility I see it can get to and may even exceed as the case may be, unlike  then, it has less acceptance and recognition as compared to now, moreover  the adaptation around Bitcoin is increasing by the day, so the chances continually remains high that Bitcoin will eventually go far beyond what it currently is? Even just a 150% will  be a huge milestone already.

[khiholangkang]

I'd be surprised to see us go to the previous all time high again, let alone 200 or 250k. I think 126k was the TOP, and the cycle is over. We might see some movements in the near future, but nothing of major significance.

So I think too, I think Bitcoin price will not go further higher than ATH.  This recent increase of bitcoin i dont think it will even go beyond what it is right now.

Their will be little increase in bitcoin and the price falls back. The season of the bull market is over and we should be expecting the bear the market which the price of Bitcoin will fall at anytime.

It seems that many people are very pessimistic to see bitcoin can print a new ATH again this year, for the problem of increasing if it touches the price of $100k alone it is very good but really can't be trusted to cross that limit when facing an bear market, we do need to be prepared and need to be aware of the current market situation for the safety of our portfolio and expectations of the market.

Being cautious is also not detrimental, in fact sometimes it saves us from something we cannot control, the potential for increase is still there, but it must be calculated realistically.

[Aanuoluwatofunmi]

Bitcoin performance could come from any angle, while as we already know it, that the market demand and supply are the major reasons to influence for the change in the market performance in most of the cases we see how volatile it becomes, also, we should not forget that there are situations that may warrant for the market to react upon over a short period, but these are it often constantly observed as we have from the market demand and supply influencing the price.

[retreat]

Do you still see 200k–250k as realistic this cycle, or has the narrative changed? 

I still see that $200k USD is still a realistic number for Bitcoin, but this will most likely not happen in the near future, but maybe in the next 1 or 2 years, remembering that even though the Bitcoin market tends to be bullish, in the near future, the price is likely to drop and this will last for a long time. So with this, it is very likely that the Bitcoin price will be stuck below its ATH, and it is very likely that it could break through if market sentiment is more positive and there is encouragement from the large number of investors entering the market. But for now, it is quite difficult for Bitcoin to break $200k USD.

[Republikcoin.com]

I would say this is a healthy accumulation phase. The current price of Bitcoin is going through, most experienced investors expected the price of this coin to be $200k at this time. The market situation may change for various reasons. In this scenario the price of Bitcoin did not fall significantly. And according to the estimates of experienced analysts the price rise was not significant. But there is no liquidity crisis in the market so the price increase may slow down a bit but the bullish period will start soon.

If someone said that Bitcoin's price will rise soon, it would mean that in the near future, the price of Bitcoin will rise sharply again. However, what is currently being seen is not the case, as Bitcoin's price continues to stagnate around $90,000. Therefore, in the near future, there will need to be more large-scale Bitcoin buyers to push the price up further without having to wait too long. Given the four-year cycle, this year could be a bearish year for all coins, including Bitcoin, although there could be a deviation from the previous cycle, and the analyst's predictions could be correct.

[colinistheman]

At the beginning of the Just concluded cycle, it was at around 30k to 40k but by the end of the cycle, it has rounded up to about 125k, that is over 200% on both price range, so now on a 90k range, let's assume it does another 200% , that will be over $250k, this is a possibility I see it can get to and may even exceed as the case may be, unlike  then, it has less acceptance and recognition as compared to now, moreover  the adaptation around Bitcoin is increasing by the day, so the chances continually remains high that Bitcoin will eventually go far beyond what it currently is? Even just a 150% will  be a huge milestone already.

Bitcoin will certainly reach $250k or higher, but the problem is that it is unlikely to be achieved in this cycle or this year.

Although adoption is happening at a rapid pace and Bitcoin is becoming more popular than ever before. However, it is also worth noting that Bitcoin has matured and has a market capitalization of nearly $2trillion. Bitcoin is no longer small, so expecting it to grow exponentially as in previous cycle is no longer realistic. In my opinion, it will take more time, and we might see Bitcoin reach $250k in the next cycle, not this year.

[JeffBrad12]

At the beginning of the Just concluded cycle, it was at around 30k to 40k but by the end of the cycle, it has rounded up to about 125k, that is over 200% on both price range, so now on a 90k range, let's assume it does another 200% , that will be over $250k, this is a possibility I see it can get to and may even exceed as the case may be, unlike  then, it has less acceptance and recognition as compared to now, moreover  the adaptation around Bitcoin is increasing by the day, so the chances continually remains high that Bitcoin will eventually go far beyond what it currently is? Even just a 150% will  be a huge milestone already.

Bitcoin will certainly reach $250k or higher, but the problem is that it is unlikely to be achieved in this cycle or this year.

Although adoption is happening at a rapid pace and Bitcoin is becoming more popular than ever before. However, it is also worth noting that Bitcoin has matured and has a market capitalization of nearly $2trillion. Bitcoin is no longer small, so expecting it to grow exponentially as in previous cycle is no longer realistic. In my opinion, it will take more time, and we might see Bitcoin reach $250k in the next cycle, not this year.

$2 trillions isn't as huge as you might think it is, the position for the assets ranked by market cap shift so much on the 4th to rank below it.
AMZN, MSFT, AAPL, and GOOG are all still above bitcoin and they always overtake each other. The excuse for bitcoin having too big of a market cap is too shallow.

When the time come, bitcoin will have parabolic rally like it's been doing for decades.

[free-bit.co.in]

$2 trillions isn't as huge as you might think it is, the position for the assets ranked by market cap shift so much on the 4th to rank below it.
AMZN, MSFT, AAPL, and GOOG are all still above bitcoin and they always overtake each other. The excuse for bitcoin having too big of a market cap is too shallow.

When the time come, bitcoin will have parabolic rally like it's been doing for decades.

I also agree that 2 trillion is not a huge number compared to Bitcoin's potential, but we can't say it's a small number either.

I still believe Bitcoin could reach $250k or even over 1million, but I disagree if you assume Bitcoin will grow by x10–x100 over the coming decades. I also think that the exponential growth phase of Bitcoin has ended. We cannot expect Bitcoin to increase in value by thousands of times in the next 10 years as it has done in the last 10 years.

How can an asset with a market capitalization of trillions of dollars grow at a rate comparable to an asset with a market capitalization of just a few billion dollars?

[Adams0001]

Bitcoin performance could come from any angle, while as we already know it, that the market demand and supply are the major reasons to influence for the change in the market performance in most of the cases we see how volatile it becomes, also, we should not forget that there are situations that may warrant for the market to react upon over a short period, but these are it often constantly observed as we have from the market demand and supply influencing the price.

We can't predict the price of bitcoin because is volatile and market won't be stable is just for us to just always set our target and wait for the benefit before selling the coin and get the benefit. Bitcoin investment is one of the best of investment and you need to understand it well before you can achieve something in it. The way many people see just imagination how the price of bitcoin will become next summer they are just saying it as and opinion but we won't know the actually price that he will become. But the way the price is volatile we can easily reach $100k again before the January ended, but the best thing for any investors is to continue investing and topping of your investment so that any moment the price will increases you will get high profits.