Predicting where Bitcoin is headed feels pretty much impossible, right? The market's so wild and unpredictable. But I stumbled upon something interesting while digging into Bitcoin price forecasts that’s got me thinking.
I found this prediction that suggests Bitcoin might rise by 3.69% and hit $119,974.35 by September 23, 2025. What do you guys think? Is that even a realistic expectation or just wishful thinking?
Could Bitcoin surge by 3.68% and hit $119,974.35 by September 23, 2025?
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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Mar 19, 2023, 02:16 PM
With how the market is right now, I do not think it is possible because the bears are not relenting while no many bulls for now and 23rd of September is not up to 24 hours from now. This is not possible is what I think and not only what I think but from my analysis. We do not know yet if bitcoin will fall further or not also.
No one can tell if it's possible or not because it's only a mere speculation. Currently, bitcoin price is at $112k with a 2.83% dip as I am typing the post. You are talking about price increase to $119k and that should be in 24hrs timeor lesser. Since after we saw the support price of bitcoin at $111k+ if I am not mistaken, bitcoin has always reached $118k+ as the resistance price, bitcoin hasn't broken that price and move higher. If bitcoin can break the resistance price to $119k, the price will pump above $120k.
alexwalletSenior Member
Posts: 347 · Reputation: 1933
#4Mar 19, 2023, 08:15 PM
Maybe, with a (reasonable) 50:50 absolute probability. Speculation may vary depending on how they compile all the fundamental and technical metrics, but that won't change the absolute probability.
There are some speculations that on metrics they do not look realistic or do not have a higher chance of happening, the movement of bitcoin price from $112k to $119k is not entirely impossible in a 24 hour timeframe but it heavily depends on the market sentiment at that time, Right now the market is not having such sentiment to do a 3% plus pump in a single day because the market is consolidating more this days, in a very bullish day the market can do that number.
My sentiment for now though is that the bitcoin price will continue to consolidate this month but the support at $110k will not be broken also the resistance at $119k might still hold strong until we get to the last quarter, I was actually optimistic that the month of September will be bullish for the first time but it is turning out that it wouldnt be anyways
alex_shardSenior Member
Posts: 200 · Reputation: 979
#6Mar 21, 2023, 05:46 PM
If you look at the history chart of bitcoin, you will realise that bitcoin gaining 5% in a day is not a new thing. If that be the case, it will only take bitcoin two days to move from the price it is now to that price of $119974. This is possible when there is a positive news release that seems to support bitcoin. I'm optimistic that this month will be great for bitcoin since we are already approaching the end of the year where we are expecting bitcoin to reach the peak.
cipher_lynxSenior Member
Posts: 141 · Reputation: 918
#7Mar 22, 2023, 07:50 AM
With the current price of Bitcoin and with the remaining hour for us to reach the 23rd of September, which is the predicted date, I will say it's not possible. If the forecast was for the end of the month, then the chances of it happening could have been on the higher side rather than how impossible it has appeared, we are less down 3rd to 23rd and even till the end of 23rd of September we wont see $115k talk more of $119k.
shard_gweiFull Member
Posts: 61 · Reputation: 300
#8Mar 22, 2023, 09:57 AM
If you have already observed the Bitcoin market, you can see that the Bitcoin market has been dumped a lot. Right now, the Bitcoin market is at $112,600, but one to two hours ago we were able to see Bitcoin at $111,900, so looking at the Bitcoin market, it can be easily said that Bitcoin will not reach $119974.35 by September 23, 2025. Maybe there are 20 to 21 hours left until September 23, 2025, so it doesn't seem like Bitcoin will reach $119974.35, but where you want to predict, this price will never work. Perhaps the market could be dumping more.
humbleseedFull Member
Posts: 56 · Reputation: 429
#9Mar 22, 2023, 03:53 PM
OP!
Let's stick to a coherent opinion within the original thread so we don't fall into pretentious responses, like some sort of magic ball that predicts the future.
With that said, we can argue that the probability of a prediction coming true, based on the idea that it will happen, is 50%a simple "yes or no," much like a coin toss. But there's a catch. Why? Well, if you're offered the chance to bet on that event with 50% odds, you should choose "No" in this case.
Anyone can say the price will be 120,001 tomorrow. That's meaningless; it's random, like a horoscope. You know what I mean. One should have a technical analysis, which doesn't guarantee anything, but at least the price you indicate is based on what's called "Technical Analysis."
Tell me, OP, if "Technical Analysis" doesn't sound pretentious, what's its basis? What elements support that idea? On the other hand, predicting such a precise price might not be so relevant, for a simple reason: if we have a price range between 119,500 and 119,975, that specific value will inevitably appear somewhere on the chart.
I can tell you that the probability of that precise price occurring is every investor's holy grailit's the "ordeal" of all investors. That's why we can only make percentage estimates.
So, here's my point: the current price of Bitcoin is over 112k(+/-). To reach the price you're mentioning, we would need a percentage increase of around 7%. One of the conditions isn't met because your idea says the price will increase by 3.68%.
Now, a 7% increase in Bitcoin in less than 24 hours is a "piece of cake," always when it feels like it. So, if the price hits 115,559.29 within a few hours, which means we have to increase 3% from where we are now, that's easy, right?
Since the price can easily increase by 3% at any time and stay that way for a couple of hours, we can enter that range by tomorrow. In other words, all this I've said is just a smokescreen.
But, as you should know, speculation is primarily fueled by smoke.
After all this, tomorrow's price won't exceed 115,000. That's my prediction based solely and exclusively on the other ingredient of this type of speculation: feelings.
Even I feel like there will be some more dump and bitcoin might try to touch $110k multiple times before pumping again. This is very much expected as of now and the assumption which OP states might just remain as an assumption with no actual results. These kind of short term assumptions usually will not work because there could be a lot of factors which will drive the prices and the demand.
It depends if bitcoins wants to perform as we want as market is filled with investors who have different sentiments and they are the ones who will be balancing the prices. Instead of these assumptions, OP should study market research and understanding people's sentiments. If we look towards investor's sentiments than yes, they will be expecting some more dump just like us so they can buy more and ride the journey once prices bounce back again.
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