Bitcoin's been on a roll this year, and a few folks are saying it could hit $150K by the time the year wraps up, no matter those recent ups and downs. What do you guys think? Is it really possible or just all hype?
Is Bitcoin gonna reach $150k by the end of the year?
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It's not just hype. US M2 supply keep climbing and rates being cut.
Kind of obvious bitcoin eventually gonna be there but you might need a little patience since price just doesn't go up endlessly.
$150k by year's end is difficult but not impossible, it will take a really good narrative though but have you seen how bitcoin could score new ATH within just weeks?
We ought to need good narrative for that to happen. It's still unclear whether we gonna hit that price mark or not. But $130k is definitely possible if you want to tune down expectation.
AtomicMaxiFull Member
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#3Nov 15, 2020, 08:41 PM
This year still has a few months left, reaching $150k is just a matter of time. Even if it doesn't hit $150k this year, I believe there will still be a price surge that will make Bitcoin reach a new ATH this year.
Some people are too worried about whether Bitcoin can reach certain targets for this year; perhaps they feel pressured because they bought at the peak and want to see returns soon. Stay focused on long-term investment plans. The market may still move sideways for a while.
That figure is still very possible in Q4. $150,000 isn't a particularly difficult figure, considering how regulations are still under long-term review, continued adoption, and a supportive economy. The factors you mentioned are valid and could be very strong supporters for Bitcoin slowly. However, it's true that to move the market exponentially requires a catalyst, sentiment, or trigger to set the market trend.
$130,000 is a very possible figure to pursue in this cycle and is the first target for many people right now. Okay, and we're going to OctoBull, and nothing is impossible in the market; everyone will laugh in due time.
HOLD
oracle_satoshiFull Member
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#5Nov 16, 2020, 03:09 AM
$150,000 is considered the standard target that most investors support and people have been discussing this for a while. But markets don't move according to crowd expectations, meaning that just because we believe something will happen doesn't necessarily mean it will. Market movements depend on macroeconomic, geopolitical, and supply and demand factors. So the only thing we can do is hope things go well and our expectations can be met.
But as said, the market is very unpredictable. So always have a backup plan for the opposite scenario.
Bitcoin achieving $150K seems to be something difficult by the end of this year, but the truth is that nothing is impossible when it comes to Bitcoin. As far as Bitcoin is unpredictable, it's possible for it to reach $150K by year-end. Three months is not a short time for Bitcoin to make such a move.This was how Bitcoin was just moving around $100K a few months ago, but it didnt take much time to achieve its new all time high of $124K. So, if Bitcoin could move that fast to reach $124K, I also believe it's possible for it to hit $150K this year.However, theres not much solid evidence to back this up as Bitcoin is unpredictable.
RogueRavenMember
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#7Nov 16, 2020, 09:47 AM
I don't think Bitcoin price will touch $150k by the end of this year because the market situation is not very good at the moment, but today we have seen the market going down a bit. Although we think this is a temporary market decline but it will enter a higher state again. However, we could have expected that at the end of $150k, if the market had entered above $125k at the moment, but the market is very low now, so we cannot expect that. Moreover, when the pulse season comes, the market is likely to go down even more, in which case we may not see Bitcoin at this position. And if the market runs strongly, it is likely to be at $150k by 2025.
It could certainly be because Bitcoin has been in a state of recent volatility,
creating new ATHs from here to reach $150,000 is not a big deal but you have to be patient and something new is going to emerge,
that's for sure.
You can check out these analyses of M2 supply if you want.
https://x.com/ColinTCrypto/status/1966869488688910412
With Bitcoin having stagnated in August and September, and with todays significant drop pushing its price down to $112k. I'm not surprised that some people are starting to doubt that bitcoin will hit $150k, even though that was their target before. Because most people invest based on emotions and what they see, they don't look at the big picture of the market, of the economy.
Beyond the news, institutions continue to pour money into bitcoin. We have more important news like the Fed cutting interest rates and there will be two more cuts in October and December, all of which indicate good things are ahead. Why are we so pessimistic and skeptical about bitcoin just because of some short term fluctuations?
$150k is a pretty modest goal and not too difficult to achieve, we should believe in bitcoin.
real_pixelSenior Member
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#10Nov 20, 2020, 07:18 AM
The price that Bitcoin has got now isn't just all about hype. There's a correlative factors why it has happened. First, the halving effect, the fundamentals like the Bitcoin etfs that have been approved and have a lot of inflows. The massive adoption that's growing now due to the fact that the institutions are also in. We might see it end with $150k and that's a strong end if that happens. We don't know how long this bull run will stay and even if we're having a correction now, I think that there's still more to come and this is just a tip of the iceberg for its next moves.
If you are focusing on a long-term goal, Bitcoin reaching a particular price wouldn't be a heads up for you because you believe that it will reach that price in its time.
Bitcoin to reach $150k this year, as people have thought. To me, it may or may not reach the price this year. That doesn't mean it won't do that soon, as no need to worry about that.
ryanwizardSenior Member
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#12Nov 22, 2020, 05:32 AM
Bitcoin may gets to $150,000 dollar this year and it may be that we have below or above this, it all depends on activities that surround why either of these should happen, but with the kind of dimensions we are seeing from the market and how it has been performing, since the beginning of this year, there is every possible opportunity that we make it up to this range before the end of this year.
greg.laserMember
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#13Nov 22, 2020, 07:50 AM
No body is sure if bitcoin will reach $150k before this year ending but it is possible that bitcoin can reach that price or may not reach also and as we can see the price of bitcoin has been increasing and there is a believe that even if the price didn't reach $150k before december ending then we will surely see it in 2026.
Let's skip focusing on the price of bitcoin and buy bitcoin make a long term plan buy weekly or monthly bitcoin price will do more better in the future.
No financial market has only bulls without bears, bull market must sooner or later end and give way to bear market. Bitcoin is no exception, especially since this bull run has lasted for a long time. So there is also no guarantee that if bitcoin doesn't hit $150k this year it will hit it by 2026.
The Bitcoin market is very volatile and unpredictable. So we should not set a deadline for when it will achieve this or that goal, instead we should set specific goals and sell only when the goal is achieved.
hodler_altMember
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#15Nov 22, 2020, 04:07 PM
Anything can happen with bitcoin, because nobody knows what will happen with bitcoin because bitcoin is very volatile and that quite makes bitcoin unpredictable, there is a possibility that it will clock $150k but at the end of the day I might end up exaggerating because predicting the price of bitcoin comes with so many variables and uncertainty, it will be more better if we keep focusing on buying and accumulating bitcoin instead of trying to predict the price of bitcoin, that is why it is essential to understand that we should be buying bitcoin on a regular basis, if we keep trying to predict the price of bitcoin we might end up not being able to buy and accumulate bitcoin instead, we would definitely be coming across different ATH when it comes to investing in bitcoin and buying, but whatever the price of bitcoin is doesnt really matter with us, but instead we should make buying bitcoin a priority.
vault_alphaHero Member
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#16Nov 22, 2020, 06:05 PM
In my opinion there is no certainty or guarantee when it comes to bitcoin.
I'm not saying the bull season is over but can any of us guarantee that bitcoin price hasn't peaked yet, the bull season isn't over yet? Or is it all just our expectations?
No one knows what will happen next, its a 50-50 chance either way. Bitcoin could continue to rise and reach $130,000 or $150,000, but it could also have peaked out and the market is slowly entering a bear cycle. Anything is possible.
When it comes to Bitcoin price pump, hype always plays a role but this time, its not only hype. Compared to other cycles in the past, weve got way more institutional money flowing in through ETFs plus the halving already cut supply and those I think are real fundamentals that can force a parabolic move. At the same time, regulators are still breathing down cryptos neck and the global economy isnt exactly stable.
So yeah, $150K is still very possible, but I wouldnt call it a sure thing.
i think its still hard to hit right now. the bitcoin halving happened in april 2024. normally, after a halving, the price slowly rises over 1 to 1.5 years. now that 1.5 years have passed, theres a chance btc could reach 140k150k. with institutional inflows from spot etfs like blackrock and fidelity, thousands of btc are being absorbed daily. if this keeps going, the demand-supply gap could push the price much higher. on the other hand, if the us lowers interest rates, more money will flow into crypto. that would mean more people buying btc, and naturally, the price would climb further.
Many people talk about and speculate Bitcoin at the end of this year can penetrate $ 150K but seen from the development of Bitcoin itself there is no real certainty in terms of predictions and speculation, Only as an estimate there is no strong understanding, so many people are indifferent, believe between not Bitcoin prices to the $ 150K level.
But I personally am not very sure the price of Bitcoin will rise to the level of $ 150k later this year, maybe we will look through that price in the next Halving between $ 150K to $ 200k is my speculation.
BasedPixelFull Member
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#20Nov 26, 2020, 06:59 PM
That's speculation and it is always going to exist in the market. What people think and what they say won't change a thing, bitcoin is highly unpredictable, those who uses technical knowledge to predict still do not get it right at most times. $150K isn't much before the year runs out but it is a big move and considering that anything is likely to happen in the market, sometimes we have experienced sudden movements we didn't think of experiencing both dip parts and bullish movements.
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