Quote from: Justbillywitt on July 29, 2024, 08:56:05 AM

Quote from: Stepstowealth on July 27, 2024, 12:26:29 PM

Is this topic not best suited for the speculation board.

Quote from: pakhitheboss on July 27, 2024, 11:47:59 AM

What is your prediction?

The year is almost ending and bitcoin has not yet been able to break the resistance it set for itself to set a new all time high price. $100K is not an impossible value to reach but I do not think it will be in this year, maybe early next year.

By the end of this year, I predict the value of bitcoin to be between 80k-95k.

Looking at the current price of bitcoin sitting at over $69k the ATH is almost at sight. Unless we are not going to see a full blown bullrun this year, that's what is going to stop bitcoin from reaching $100k. But I am having this conviction that bitcoin reaching $100k in 2024 is very likely. The signs are already there, the year is gradually heading towards the ending part, and we are to see more upward trends than downward trends, going from here.

ATH at what time frame do you refer? The last time that we hit, which was $73k? But higher than this are still called as ATH. Despite the ups and downs, and then there are also dips and corrections along the way, I can feel that the market sentiment is still bullish. I think that plays a major role about what the outcome that we can get. We cannot just simply say that a price like this won't happen if without a cause but like they say; 'in each thing that happens, there is always a reason for that'. For now, there is no known reason that might possibly stop our plans of reaching more heights and let's only hope that normal situations like this will be consistent.