Post
Topic
Board Bitcoin Discussion
Re: Your educated guess on BTC price at the end of 2024
by
Moreno233
on 01/04/2024, 10:54:50 UTC
I will be waiting for this post in the Speculation board where it belong but for my input, I don't think we still have to doubt if $100k is achievable before the end of 2024 because it is just around the corner. Sincerely, I am looking at Bitcoin price beyond $100k already with targets at $150k which is understandable and achievable. The combined effect of the halving and the ETF is just enough to make it come through.

When Bitcoin reaches $100k, I know there will be increased sell pressure from people who might have been afraid that it has peaked and will not want to lose the profits they have made so far. Those bought pre-ETF will be the major proponents of this idea but if they see that price has continued to rise with momentum above $100k, many of them will have a change of mind.

So, my guess is that Bitcoin is going to $150k. This will be the feasible destination when the $100k target is reached. However, these are just predictions which can either happen or not. It is therefore necessary to set targets that we will be comfortable to work with.