Topic: $80k within 6 weeks, new ATH October 2021 - page 5. (Read 2039 times)
LOL, on a serious note. I did accumulate a significant amount during that 3-week dip, and also diversified more heavily into ETH (sorry guys) once I saw that ETH/BTC broke a big resistance level. It appears we have now achieved liftoff.
Man, this is the weirdest bear market I've ever seen. Huh. I guess I'll just keep hodling. 
If we analyze the bitcoin movement, your prediction probably right. I believe that is not hard for Bitcoin to reach $8K in October, and if we are lucky that October 2021 already reaches 100K. Buy and Hold.
I'm sorry people, I let you down. It looks like my prediction will happen one or two weeks later than expected. Once again, I'm terribly sorry.
I am optimistic that if nothing happens, at least we are going to experience minimum of 100k BTC this year. Institutions are coming in and adoption is increasing. God year for digital currencies.
optimism is certainly needed for everything we will do, as well as the increase in bitcoin.If you look at the first and second halving, the% that happens is quite large, is this what makes the OP predict things like that and maybe others too.
but actually let bitcoins increase, but don't let altcoins lag behind because bounties also need altcoins to reach ATH.
With Bitcoin price currently still at $ 34k, it looks like it will be tough in the next 6 weeks to hit the $ 80k target. I analyzed the movement of
Bitcoin which yesterday went up to a price of $ 37k and is now down again to a price of $ 34k. This means Bitcoin is still struggling to get back
to its $ 40k price tag.
But the next 6 weeks is enough time for Bitcoin to return to the ATH price again. So just HODL your Bitcoin. Then regarding the new ATH in
October 2021 it is very possible if Bitcoin's performance is like today. Moreover, more and more institutions are interested in investing in Bitcoin,
so it's not too difficult to reach the new ATH in October 2021.
Bitcoin which yesterday went up to a price of $ 37k and is now down again to a price of $ 34k. This means Bitcoin is still struggling to get back
to its $ 40k price tag.
But the next 6 weeks is enough time for Bitcoin to return to the ATH price again. So just HODL your Bitcoin. Then regarding the new ATH in
October 2021 it is very possible if Bitcoin's performance is like today. Moreover, more and more institutions are interested in investing in Bitcoin,
so it's not too difficult to reach the new ATH in October 2021.
True that bitcoin already raise tripple of its value within few months & has the incredible things done what was think impossible a years ago.but i can't expect so much from bitcoin like $80k or $100k within this year.know that wouldn't be impossible for btc to hit the milestone you mentioned but actually it already pump huge and time is not for far when the bitcoin market would crash anytime. although a year later, there would be correction & btc would hit another milestone, i believe but not this year
A reasonable point of view, I agree with you. If everyone reasoned just as calmly, then perhaps bitcoin would have less volatility and smoother growth) Now the crowd is either too optimistic and waiting for unrealistic growth levels, or pessimistic and ready to short because it is waiting for a collapse.
I am optimistic that if nothing happens, at least we are going to experience minimum of 100k BTC this year. Institutions are coming in and adoption is increasing. God year for digital currencies.
I don't see Bitcoin reaching such price with the current price this month and $80k is just too much IMO. But speculators are expecting a $100k or $200k, I don't know what they were thinking but that's just too much to be expected to happen this year. Maybe another halving again Bitcoin might achieve that price but for now, the highest Bitcoin is trying to break is a $43k which isn't happening yet.
Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.
True that bitcoin already raise tripple of its value within few months & has the incredible things done what was think impossible a years ago.but i can't expect so much from bitcoin like $80k or $100k within this year.know that wouldn't be impossible for btc to hit the milestone you mentioned but actually it already pump huge and time is not for far when the bitcoin market would crash anytime. although a year later, there would be correction & btc would hit another milestone, i believe but not this year
So, is this prediction still on since we have been a major move today as far as the price goes?
As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.
As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.
19% increase now, bitcoin heading to $40k again, maybe this time it will finally succeed to have a new ATH again.
Very bullish today, maybe we have to thank DOGECOIN for creating a FOMO in the market?
DOGE still the most profitable today with 400% increase.
So, is this prediction still on since we have been a major move today as far as the price goes?
As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.
As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.
I do think that we're already in the consolidation stage right now. The $30k support has been tested, but I do feel that prices can go down to even the $20k zone before another run up occurs.
The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place).
The difference between 2017 and today doesn't stop with that only, we also do have altcoins increase in fiat amount a lot as well whereas in 2017 alts were almost dead and had a huge increase AFTER bitcoin dropped, now we see ethereum going from 200 to 400 to 700 to 1000 to 1400 dollars back to back. The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place).
Everyone is feeling the big increase but that is the hype we have, right now everyone is in bull mode and even with the fall we are not letting it go down anymore and working hard to keep buying even when it is going down. However do not forget that the feeling of hype existed in 2017 as well, what happened was price went down and some people left, it went down a bit more and more people left, and it we.. well you get the point, the more price falls the less people stands in hype and eventually it crashes. So just because that hasn't happened yet doesn't mean it will never happen.
Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations. Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year. The current rally feels like it has too much momentum to be stopped before $70-80k.
Credibility? Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time. Just putting it out there.
Credibility? Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time. Just putting it out there.
Interesting.
I do think that we're already in the consolidation stage right now. The $30k support has been tested, but I do feel that prices can go down to even the $20k zone before another run up occurs.
The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place).
I expect it to reach around 100 thousand dollars towards the end of this year when I look at my own analysis. It is not very difficult to reach, actually I trust my analysis
That's right but don't let your hopes too high or that much because it will just frustrate you once bitcoins price wont able to reach up your expectations.100k is a long way to go and this would really be a very bumpy ride.We might able to reach 40k ETH but doesn't mean that we would easily reach those numbers in no time.
Try to look that we are now stabilizing at the moment and we do even had a hard time on breaking 40k, it might not still a very long time but we can already presume that
this might be already the tough resistance that we might be facing on future years to come.
100k isn't really to far off because we do almost reach on the half line but expect that this wont come easy.
I expect it to reach around 100 thousand dollars towards the end of this year when I look at my own analysis. It is not very difficult to reach, actually I trust my analysis
Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations. Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year. The current rally feels like it has too much momentum to be stopped before $70-80k.
Credibility? Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time. Just putting it out there.
Credibility? Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time. Just putting it out there.
Don't get too excited, we don't know if Bitcoin can reach new ath again at $ 80k in October 2021 or even back to $ 10k?
Don't let the mistakes in 2017-2018 happen again, the bull market is shorter than the bear market. remember it!
If you have a lot of capital, buy gradually when the correction comes, $ 29k to $ 26k is a good time to buy it
^^ Exactly, as I have said previously, we are in the period of consolidation. And then we have the bitcoin future contracts worth billions set to expire in the end of the month. And after that we might see new all time high. As far as the negative news created by social media, yes, this is a sign that they wanted to bring the price down so that they can buy bitcoin at a cheap price. We have seen this kind of strategy before and for sure we all know what's coming.
Personally, I think less of a consolidation than a finding out of the true bottom. Not sure in any past rallies if Bitcoin's ever retraced to a previous ATH (I don't think so) but this one could actually see sub 20k if the bears make a concerted effort... but the resulting bounce would be spectacular.
Consolidation will happen, but only once Bitcoin's found its feet and its floor.
Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.
As I said in topic 2 weeks ago, the rise to a price like $80k is not going to happen in weeks but also it won't be more than a year like you are suggesting here. $80k and $100k are not really big price targets, we were seeing much bigger rises in the first quarter of 2017, if anything it should be bigger this year with all the attention bitcoin is receiving from institutional investors.I guess bitcoin will not move that high if we will not experience a big correction first.
The institutional money is already their but we always see this market to dump big time after a bull run, and i think this year is no exception.
$80k - $100k might be big for now but once the price is on uptrend movement, we will forget we have thought of that.
Thing is, it's just in our mind, we forget that bitcoin is based on supply and demand so price has no limit.
The fact that many investors take profit is good, it is bad that with such a deep pullback, many investors appear who are at a loss. Moreover, some of them will be forced to fix it, since they initially entered for a short period and expected rapid growth. As for traders, I don't feel sorry for them
The good part is that, the ones who took out their profits now have cash to go back in if they want to, that is a good thing because having money would help all of us right now, we could all buy and help us. However one more thing is true, the ones who bought at 35k+ prices must be feeling bad right now, and that is not really a good thing for now, those people could do some help for us as well, if they have more money they should buy from current price as well, which would allow them to drop their buying averages lower and they would be capable of using that lowered entry point to profit a lot more later on.So, as you can see a drop could be a great thing if you look at it from the optimistic side, both the profited ones and lost ones could get together and buy so much that they could increase it 40k+ very easily. However will it be like that? I do not know.
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