Thoughts on Bitcoin and Its Speculative Nature

19 replies 308 views
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#1Jan 16, 2024, 03:59 AM
There's been a lot happening lately, and Bitcoin is still holding strong with its price recovery and some good signs. Even with all the chaos from wars and other news affecting global assets, Bitcoin seems to be riding the wave. It's showing some nice price increases that hint at a bullish trend. So what's the deal with the current Bitcoin price? Where do you think we're headed?
3 Reply Quote Share
whale365Senior Member
Posts: 120 · Reputation: 847
#2Jan 16, 2024, 06:57 AM
I think it's pretty obvious that we are still in the bullish sentiments. So the answer is that at least in the next 6 months, we might see the price going up and increasing to whatever price we could only imagine. Remember that the most common prediction is $150k. So with that I will also go with that prediction, it's a realistic and conservative estimates. Of course if we go higher than that then it's good to us. However, I don't want to get disappointed in the end that's why I will just stay with this price for now and then see how it goes in the last quarter of the year.
1 Reply Quote Share
p1x3l365Senior Member
Posts: 511 · Reputation: 1890
#3Jan 18, 2024, 07:27 AM
Let's just say there're signs that the bitcoin twill see new Ath in this month of July because for quite the month of June has been of struggles for the price increase although it never lost it potential values of sustainability. $106,000 was really a resistance level for bitcoin price but the end of the month breaking July was a welcomed as we break in to $109,000. Despites how it's been fluctuating the price has been suitable settling on the base of $107,000 which is likely promising that with an ease of these prices ranges, it's gathering momentum to more increase while $112,000 remains our target before anticipating for new Ath. Let's see how it goes.
1 Reply Quote Share
just_bridgeSenior Member
Posts: 160 · Reputation: 1146
#4Jan 18, 2024, 09:53 AM
Bitcoin is doing well and staying strong. With its movement I'd say that there are forces that have already conspired to ensure it keeps going up steadily and also at it is able to withstand any sociopolitical and economic curveball that could be thrown at it. With they way Bitcoin is going I can predict that it could close at 115k USD at the end of the month of July, 2025.
5 Reply Quote Share
Posts: 48 · Reputation: 187
#5Jan 18, 2024, 01:55 PM
I think you meant FUD instead of FOMO since you use war as factor that affect Bitcoin price which means you are pertaining to a negative sentiment on price while the typical reaction of people is mot to FOMO. The current price still sitting above 100K that is a clear sign that Bitcoin is performing good despite all the past negativity globally due to war. Imo price will just keep hovering near 100K +/- until it will reach again new ATH.
0 Reply Quote Share
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#6Jan 18, 2024, 08:01 PM
With all the negative news and wars between countries before, bitcoin was not influential enough and remained strong in the market even though there was a slight correction and entering July the price rose slightly again. Today bitcoin is traded around 108k, I am still optimistic that entering August bitcoin can show another increase and then entering the end of the year maybe the range of 120k/130k we can see, yes hopefully that happens.
2 Reply Quote Share
leo.wolfHero Member
Posts: 540 · Reputation: 2813
#7Jan 18, 2024, 10:49 PM
If we have been in another bitcoin trend say bearish market I think news like tariff wars will have disrupted the market and possibly send us way down but it didn’t, even news that was posing a threat to WW3 bitcoin still corrected immediately after the shock and stay up above the six figure value, this honestly signifies one thing which is the buyers are seriously in control of the market and no economic activity or negative can actually change this market sentiment now. In this period the only thing news like this can do is cause very short dip because of panic and heads back up again. Personally I feel within the next few weeks if the market remains like this and there is no more economical negativity affecting it we will surge up and great new ATHs. For now I think market price can still get to $150k
6 Reply Quote Share
t0m2020Senior Member
Posts: 171 · Reputation: 1044
#8Jan 20, 2024, 10:31 PM
You and everyone else, really. I've given up on being remotely head on even in the short term. 120k? Sure, why not? 80k? We saw it but three months ago, so why not either? Hope dies last, even when the ashes of everything else has given way to whatever new asset will take its place -- well, wishful thinking for Bitcoin to end in my lifetime, but since we're on the topic of wishful thinking...
4 Reply Quote Share
max_lynxSenior Member
Posts: 210 · Reputation: 1438
#9Jan 21, 2024, 03:29 PM
Something to learn from all that, though many imported commodities like oil and we see this commodity rise and fall, influence the prices of other commodities and in turn the economy but, not so much with Bitcoin. That’s to tell us just how independent Bitcoin is and how it does chart a path of its own despite the chaos in our world. At best what investors would do in times like this is liquidate a portion of their commodity to meet ends needs but, that’s as far as it gets.
3 Reply Quote Share
darkviperFull Member
Posts: 112 · Reputation: 392
#10Jan 21, 2024, 07:24 PM
We are hoping for a positive move and how the market could create several ATHs, and currently looking at the market we can still tell whether that we are in bull or Bear and of course we are in bull, and the market is trying to rally up. There are forces that are trying to control the market but Bitcoin has gained that momentum not to be hindered by any news or war.
2 Reply Quote Share
raven07Full Member
Posts: 165 · Reputation: 636
#11Jan 21, 2024, 09:34 PM
It is a common thing and only affects the price of bitcoin, you should not panic too much, you have to look at the long term, how Bitcoin is consolidating before flying further, all forms of events create a price structure where we will see how strong bitcoin will fly further. Stay calm my friend, we are not at the real peak yet.
0 Reply Quote Share
AtomicStakeFull Member
Posts: 153 · Reputation: 453
#12Jan 22, 2024, 02:40 AM
I still think Bitcoin will remain bullish for a while and the price will continue to move higher. Global news is definitely affecting Bitcoin’s price. But that impact may not be too strong. Bitcoin will definitely create some more ATH before the bear season and it will definitely be more than you expect. For now, I see Bitcoin rising and creating ATH at $130k+.
2 Reply Quote Share
benledgerSenior Member
Posts: 359 · Reputation: 1254
#13Jan 22, 2024, 04:02 AM
I would describe what the OP talks about here is just "sideways movement" and even in the threat of further conflict in the middle east the Bitcoin market did a small correction. What direction we are heading in? I'm calling a bullish trend and we are entering the crunch period for the historical run up after the halving, personally I have been waiting for this "event" just to experience the "action" I dont usually"take profits"
6 Reply Quote Share
stack_laserFull Member
Posts: 103 · Reputation: 310
#14Jan 22, 2024, 04:38 AM
Ops we have a long way to go and we should not be too quick to conclude that Bitcoin have made a significant positive returns considering the level at which the market headed before the recent attacks that sent us back to a price level that we have surpassed long ago. Btw we should accept the fact that Bitcoin have indeed done greatly well in general, but we shouldn't forget where we speculated to be at this time.
1 Reply Quote Share
51gma_forkFull Member
Posts: 97 · Reputation: 658
#15Jan 24, 2024, 02:41 PM
I think Bitcoin won't be down lower than $90K, I also think unlikely Bitcoin would drop below $100K. Bitcoin price will stays around at the current price and we're only waiting the day when the big green candle stick jump. It's better to not focus with those wars especially you're not living in those countries, I don't expect we would see a big war happen, even the high tariffs by Trump won't be a threat because there's a loophole to avoid of paying high tariffs.
3 Reply Quote Share
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#16Jan 24, 2024, 04:35 PM
The trend have shifted towards bull market actually lately yes, but between that also we have witnessed a few resistance that pulled us back to where we have left a while ago, most of the speculators projected Bitcoin to be around $125k price by now based on the momentum the market came with some while ago, this have been the major point and subject of most people that bought Bitcoin around $113kBTC and around the last ATH price.
3 Reply Quote Share
chris365Full Member
Posts: 140 · Reputation: 714
#17Jan 24, 2024, 06:55 PM
The current condition of the market is still very favourable for all holders and those looking to withdraw their investment from the market only when it gets to a particular price target they wish still will have the optimism in them that their target will be reached soon. The market is still in a very bullish momentum and I am very confident that another all time high will be reached sooner than we expect. The effect of wars and other external factors of the market on bitcoin cannot be overemphasized, but based on how bitcoin was able to overcome all of that and achieved a positive trend, then there is. I doubt that bitcoin remains a dependable asset for long term investment.
4 Reply Quote Share
its_foxSenior Member
Posts: 236 · Reputation: 1432
#18Jan 24, 2024, 11:12 PM
But even you are not living there still your bitcoin has the same price with their price. The point here is war is a negative news that might affect the stock market and also the crypto industry like bitcoin. The high Tarrifs somehow might do some negative news though like the one it did happened few months ago. But let see what will be the effect on the market.
1 Reply Quote Share
proto_pixelFull Member
Posts: 57 · Reputation: 377
#19Jan 25, 2024, 01:58 AM
Everyone has their own speculations about the price of Bitcoin, there is a lot of speculation going on such as the price of Bitcoin being able to reach $200k+++ or maybe at a certain price higher. As the war continued, the effects may be felt directly and the price of Bitcoin dropped drastically, but the effect was only temporary and then now that the war has subsided, the price of Bitcoin has stabilized again. Now the price of Bitcoin is at the level of $108k++ and this will continue to rise reaching a new ATH if there is no other bad news, no FUD affecting Bitcoin's performance. Some groups or whales may manipulate the price, but that is only temporary because Bitcoin cannot be fully controlled.
2 Reply Quote Share
stack42Member
Posts: 64 · Reputation: 207
#20Jan 26, 2024, 07:36 PM
For the time being, it's possible, but in the near future it's very likely. The period we're going through is still considered bullish, even though we're not seeing major breakthroughs at the moment, Bitcoin is still at an extremely satisfactory price ($108,000 as we speak), which is extremely close to the latest ATH ($112,000). Will we see a new ATH anytime soon? I'm not sure, because the current situation is quite unpredictable, I am expecting however a bear market from 2026, which could possibly drop Bitcoin below $80,000.
2 Reply Quote Share

Related topics