Quote from: Moeda on Today at 07:07:47 PM

Quote from: JamesDaniel90 on December 10, 2022, 12:14:24 PM

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?

In 2016 to 2017, Bitcoin price was around ±$1700, hence the 2018 bullrun of ±$17k Bitcoin price. If the Bitcoin price before the 2021 bull run was ±$6k, then the 2021 bull run Bitcoin price could reach ±$60k, this is 10x the previous price. If in 2022 to early 2023 the Bitcoin price closes at ±$10k to ±$ 15k, then the 2024 bullrun or the next bullrun can reach a price of $ ±100k to ±$150k.
The price I mentioned is not 100% real, but only an adjustment. You can see in cmc history in every bull run and before the bull run.

^ In 2024 it was expected that there is a BTC halving and I don't believe the BTC price will reach this $100k range.
But I think after a year that halving successfully occurred BTC price will raise like the other previous years that happened. For now, it is unclear to make a prediction because as I see, the BTC price reaction depends on what happens outside. It depend usually on the fundamental analysis, not on the technical analysis. People keep saying that the repeat itself of predicting price really worked. My prediction is BTC price will still struggle to pump up next year.