Topic: $80k within 6 weeks, new ATH October 2021 - page 3. (Read 2039 times)

We reach $57k mate.


Yes, prediction model base on 2017 bull run is $100k.
While 2013 model points us to a higher price $288k


I can't say about LTC but for bitcoin, yes this bull run is unstoppable and can continue up to the end of the year and we will see what prediction model will repeat this year, 2013 or 2017.


Big companies and institutions are what driving this bull run and then we have FOMO. Speaking of stimulus package:

https://twitter.com/bitcoinstimulus

$1200->$10k now if those who received put it on BTC.

I agree about the selling order are being prepared @ $100k. I'm sure to see a lot of holders dumping at that price. If others have dumped at $10k, $20k, $30k, $40k and $50k.
What's more if it bitcoin finally hits $100k.

There has been a couple of FUDs in this bull run, make no mistake. You just haven't been looking hard enough. Off the top of my head:

Tether FUD, which alleges that the price was artificially inflated by issuing inadequately unbacked USDT to purchase bitcoin all throughout the bull run to create scarcity, essentially centralizing Bitcoin.

Double Spending FUD, which turned out to be a nothingburger altogether. And a few more FUDs you'll have to look for yourself. Despite being, you know, all false and unsubstantiated, these FUDs actually managed to drive the price's trajectory down to the support line of $30-33K.

I think the market is influenced more on the institutions or companies that are now showing their interest to venture in crypto by accepting crypto as their payment system or by buying bulk number of BTCs in the market. So this is the real deal here, I believe a lot of merchants are now accepting that volatility will always be there, so it is how they will manage their crypto here to avoid their losses that they are talking about. But right now, from the looks of it, 80k is very possible to happen this year.

I have this thinking about this thread, and of course according to the little I have learned, the market at the moment is going through a moment in which thanks to important characters it has caused a great pump or bullish trend, and it is very easy to determine it, for me What is happening is that the market is currently influenced by emotions, and emotions move the market, that explains the massive purchases, apart from the institutions that are doing it, at the same time there must be many who are selling.

There are already many who are waiting for it to reach $ 100k to sell, I mean, the expectation is very great, and this is given to the emotions that are on the surface.

We've been in bad influences before and the market deserves to have that good influences from those prominent people. And we know who they are, we've got a lot of idea who they really are and serious with the market.

Yeah, looks unreal if we'll look at it but it's for real this time and that's most of us are happy looking at it.

Yes, apparently the market now things are going through the type of circumstances, some theoretical bases may not occur when there are other types of events, currently the world is governed a lot by social networks, by influencers, by people who move masses and these they have many followers. I think this can all be summed up in: "Emotions", the market is now moving by action of it. The good news is having a positive influence thanks to institutions, companies and important people, every day is a new learning.

This is becoming into reality, the way the price is moving it seems like this prediction is even so conservative.

We are just in the 2nd month of the year but bitcoin looks to achieved $60,000 already, this is insane, I thought the prediction was unrealistic but I was wrong, congrats OP for a nice analysis, looks like you are right.

That is the thing right now, with all of those influential people and institutions, each of their words becomes wisdom and signal depending how you look at it.
And the strategy that you have learned, it's what some other people have learned as well. You're right that when there were FUD in the past, that's an indication of buying and it truly hurts the market but this time, looks like it's weaker.

Well there is something that I have learned about the FUD, when there is bad news and a lot of FUD that gives me an indication to buy, on many occasions I have said it, bad news = purchases, and I see it from the point of view of market speculation, Strong Hands when they want to buy, it would not hurt some bad news to cause general panic and weak hands sell. Although currently some announcements from very influential people such as Elon Musk, Paypal, Microstrategy have made their Bitcoin purchases known, this moves people's emotions, causes more confidence, which means that the growth in price is more liquid, that is, in crypto anything is possible.

$55k the highest that we've seen it today. It's true that they can't stop bitcoin's bull run this time. Unlike before, when we're in the bull run, with one FUD, the market reacts so fast.
We can't wait for bitcoin to see for the first time $100k in history. I'm sure that many are waiting for that price and would fill their sell orders and regardless of FUD that comes out, bitcoin remains to be stronger.

So.  It's been 6 weeks today and obviously we are not quite in range of $70-80k yet, but I'm happy I was correct on the general direction.  Currently sitting just below the ATH of ~$52,500.

In the last 6 weeks a lot of things have crystallized and become more clear about this 2021 bull run, though the future remains anything but certain.  So far, judging by the speed and trajectory, it is somewhere between the steep run-up in the first half of 2013, and the slower grind upwards throughout 2017.

One thing is reasonably for sure, this upward momentum is far from over, and it's starting to look like although we're not at $80k yet, we may hit $100k much sooner than I originally thought.  One clue for this can be found in altcoins.  Take LTC for example, which is now sitting at about 65% of its ATH.  I would be absolutely shocked if BTC tops out in this bull cycle with LTC not making a new ATH.  I would put that possibility at less than 10%, and furthermore I find it extremely unlikely that LTC would not hit at least $1k before BTC peaks, probably much higher.  Other strong alts are also sitting below ATH, with ETH only recently passing its old high.

Another piece of the puzzle is the growing institutional FOMO, and then there are more stimmy checks coming probably late March in the US.  All in all I can see upward pressure pushing us through an insane March and April, with $100k easily on the table. 

Well they can't really stop this bull run even if they created FUD like what JP Morgan is saying here. On the contrary, bitcoin continues to go up to $52k and we see it as sustainable as this could just be the beginning towards $80k-$100k before the end of the year. And I'm sure people are getting tired hearing this kind of FUD that most of the time it hasn't had any effect as compare to previous years.

You've missed it.
Bitcoin at $50,000 “Unsustainable,” Says JP Morgan
Bitcoin Crosses $52,000 After JPMorgan Calls Current Price 'Unsustainable'

Recently, I never hear any bad news or FUD about Bitcoin, and if continue like this $80K is easy to reaches, No need to wait until October maybe we can reach it faster. I see many market corrections of Bitcoin, but the price easily continues growing. So potential to reach $80 is easy before October

We already crossed $50k and it is hard to predict on which direction it will take in the next few months. The news coming out right now are great and the market is responding along with that and i have seen the past rallies and when ever the price rallies we always hear great news and once the market turns to red then all the complaints start to follow. I am not investing like you when the price rallied this much but waiting for the correction  if i ever invest again.

I think we're closing to hit this prediction.

The price is closing to $55K and seeing the price still going strong for sure, we will hit $60K. Although we don't know when all we know is that there are a lot of new interests going around to some known investors that might push further the price that might even reach the price this year at $100K. Seeing the price and this prediction is so nice.

Thanks for clearing that up as well, I forget to include it in my previous post. And yes, this model is not for short term but rather for HODLers out there. And so far so good, but I will admit that I'm a little hesitant when I saw it the first time. But now it seems that the model is perfectly creating a long term scenario leading to 6 digits price of bitcoin in the next coming months.

Short term goal though looks very easy to us, $60,000-$80,000 in the next three months.

With this current setup, there are many institutional investors who are venturing to this market. Seeing best potential growth they are now starting to realize how big  this asset will turned to. I'm sure that those known names will not risk their invested money and their own name for the sake of nothing, they are here to play business and to start venturing and grinding the big possibilities of more money to bank around.

Knowing those influencial people and their characteristics, they are here for business and from that point, those who follows them will also going to follow their investment. Continue being positive and allow things to happened while you are holding your assets, who knows how far in can grow. Best of luck hodlers!

More than $70k-$80k in my opinion, bitcoin is really moving into the best asset right now, more than gold. And Gold price compare to bitcoin is going down, while we are up to $51k and counting. So we might be on the way to 6 digits at the closing of the year. Good for HOLD'ers, just continue to stack sats because we are going to get a big surprised in the next coming months. As more money are going to come in the market, big money specially from companies and institutions.