Post
Topic
Board Speculation
Re: 60k possible before end of this month?
by
Alpha Marine
on 21/02/2024, 04:45:08 UTC
Also does this proves the idea of most people saying that bitcoin could hit half a million dollars after the halving by 2025, does this sign proves it right?

It doesn't prove anything. $500k is still a very distant price from where Bitcoin is right now. It hasn't even made it to $100k yet. I don't like to be over-expectant when it comes to Bitcoin price. If it gets to half a million by next year then good for us, but I still see that speculation as ridiculous. From what I know about Bitcoin such an increase in such a relatively short time will only correct itself soon after and that will make people lose a lot of money, faith, and trust in Bitcoin. Bitcoin at this point grows gradually. The highest I can predict for a new ATH is at around $200k and that should be at the peak of the bull run.

We have 10 days to go until the end of February, and it remaining $8k from this price of $52k -$60k

It's difficult for me to see Bitcoin price increase by $8k in 8 days as it stands. That's an average of 1k per day. I don't see that happening. I agree Bitcoin will hit 60k soon but I believe it will be on 50k -52k for a while before breaking off and getting to $60k.