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. 
Topic: $80k within 6 weeks, new ATH October 2021 - page 6. (Read 2039 times)
Bitcoin still in the bull run though, indicates a breakout move out of the triangle pattern and move above the $40,5k then it may surpass $45k by the end of this month and probably surprise us in February to reach even higher within $50k-$60k. However, bitcoin price drops 10% in the last 24 hours as the price drop slightly below $32k as the whales showing a potential sell-off on Coinbase.
Unfortunately these falls happen too many times and when you are stuck at one place and fail to go to any direction, price tries both sides very frequently to see where it will go, so far going down has been a lot more frequent, we have see 32k and lower many times whereas we haven't seen 40k+ all that much, if I am not wrong it happened only once or twice whereas 32k and lower happened 4 times already. This told the market that we are easily going down if we want to but failing to go up even if we try hard, and market saw this and said "screw it" and got out, look at the price falls that happened very recently.So, I feel like this is a decent drop, I do not know if we are going to be 40k+ once again, but I know that we are not going to go there that quickly and will require a decent sized drop before it happens so that people could accumulate and gather ammo for a fight at higher levels.
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.
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
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.
With the current price we have now it would take a lot of time and yeah I also think that $80k is quite far honestly. The market may be still in a rally but I'm expecting that the price will only end at $50k but who knows market was still unpredictable after all and I don't think institutions are done getting their stash. We will definitely hit those prices but the real question is when. I also think that those speculations might happen on the next halving, I guess. 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.
Bitcoin still in the bull run though, indicates a breakout move out of the triangle pattern and move above the $40,5k then it may surpass $45k by the end of this month and probably surprise us in February to reach even higher within $50k-$60k. However, bitcoin price drops 10% in the last 24 hours as the price drop slightly below $32k as the whales showing a potential sell-off on Coinbase.
"It seems $BTC sellers came from #Coinbase. Coinbase Premium Index has been a negative value since an hour ago," Ki Young Ju, CEO of on-chain analytics resource CryptoQuant. source
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.
^^ 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.
I see more and more calls for Bitcoin crashing in the media and on the internet as this consolidation continues. Despite continued massive institutional buying of Bitcoin. I guess that's why we see the consolidation continuing for now - the mass market is scared it's gonna crash. They are always so panicked at any downward price movement haha. Which will only fuel the next rise (coming soon) as all these people that are selling, expecting a big bear market or whatever, are forced to buy back in at ATHs when they realize they played the wrong side of things.
The latest signs that we'll be at ATHs soon:
1. a Deutsch Bank survey just said people think Bitcoin's price is more likely to halve than double in the next year, and rated Bitcoin a 10 out of 10 for being in a bubble haha. Meanwhile institutions are sucking up all their cheap Bitcoin they've been selling!
2. Guggenheim CEO or whoever, who is waiting to pass regulatory hurdles to get their half billion dollars into Bitcoin, said the peak for the year is already in and it'll be $20k soon.
When loads of people who aren't in the market or already sold are trying to convince everyone else that the price is about to crash...in the middle of a bull run...that's a surefire sign to BUYYYYY!
The latest signs that we'll be at ATHs soon:
1. a Deutsch Bank survey just said people think Bitcoin's price is more likely to halve than double in the next year, and rated Bitcoin a 10 out of 10 for being in a bubble haha. Meanwhile institutions are sucking up all their cheap Bitcoin they've been selling!
2. Guggenheim CEO or whoever, who is waiting to pass regulatory hurdles to get their half billion dollars into Bitcoin, said the peak for the year is already in and it'll be $20k soon.
When loads of people who aren't in the market or already sold are trying to convince everyone else that the price is about to crash...in the middle of a bull run...that's a surefire sign to BUYYYYY!
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.
Great to hear that, how much money that you can pay to buy one bitcoin at that time? Do you still hold it? If you do, you will be someone who has a lot of money now. At least you will have more than one bitcoin if you bought 2013 ago, right? I always tell to someone who just know to bitcoin that I regretted that I didn't know bitcoin before 2015, because if I know it maybe right know I'll have a lot of money.As for the price prediction, I don't know exactly what will happen. Although, you are an expert to predict bitcoin like you know the technical and fundamental analyst works but I'll stand that your prediction can't be fully trusted. Some people know who give exactly prediction like bitcoin will have $100.000 and etc they only use the history. Yeah just history, whilst we don't even know what will happen in the future because I bet there will be a different situation.
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.
It's too fast to predict the Bitcoin price, and I'm not sure your prediction will correct. I just keep in my mind that Bitcoin will reach it, but no specific date. Keep holding it is a good decision until I found a very high price. 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.
If you still hold your Bitcoin, you already earn so much profit
Since its price bitcoin at tens of thousands dollars, it is natural that you predict it to reach $80k in October this year. Moreover, bitcoin has
touched $41k, so people’s expectations were higher for the price of bitcoin in the days and months to come. And indeed bitcoin has always
experienced price increase from the beginning appeared until now. But for me maybe soon bitcoin will reach $50k first before going to the price
of $80k. It must reach at least $60k first.
touched $41k, so people’s expectations were higher for the price of bitcoin in the days and months to come. And indeed bitcoin has always
experienced price increase from the beginning appeared until now. But for me maybe soon bitcoin will reach $50k first before going to the price
of $80k. It must reach at least $60k first.
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.
That's really huge but who knows, most of us also didn't expect that after breaking the last time high value can be double that quick.
If most speculators are eyeing for this price there might be a reason behind.
Reason behind? Yes, there are actually a lot of reasons behind.
One of the top reasons are the institutional investors and big names were stacking Bitcoin. As we all can see even with the high price, there were still an accumulation happening, because $35,000 or even $40,000 may not be consider expensive in the future. Also, there are still a lot of bullish predictions coming from these big company and individuals in the financial industry eyeing the $100,000 price for Bitcoin.
That prediction might sound crazy, but isn't the rally from $15,000 to $43,000 also a crazy bullish run?
@Luthier, and what if the markets don't go as you predicted?
What if it doesn't happen like 2017? I believe there are so many hopes which are bound by the unexpected yet enormous growth of BTC's price but markets have bearish institutions too as everyone likes to have a position which could liquidate their rivals (don't tell me institutions don't leverage). I'm waiting for such moment to come because then, all these predictions will become invalid till a new pump takes place. I still see BTC getting under $30k at least once before starting its rally back upwards.
What if it doesn't happen like 2017? I believe there are so many hopes which are bound by the unexpected yet enormous growth of BTC's price but markets have bearish institutions too as everyone likes to have a position which could liquidate their rivals (don't tell me institutions don't leverage). I'm waiting for such moment to come because then, all these predictions will become invalid till a new pump takes place. I still see BTC getting under $30k at least once before starting its rally back upwards.
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.
That's really huge but who knows, most of us also didn't expect that after breaking the last time high value can be double that quick.
If most speculators are eyeing for this price there might be a reason behind.
Saving Bitcoin is what matters now, sparing those money that you are not really needed to spend, keeping it inside your crypto wallet and
keep an eye with what will happened in the next few months.
We don't know what more surprises are coming, though we already seen some glimpse of
the big potential that this investment will to us, keep your trust and believe.
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.
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.
I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.
Yes this momentum is keep on going which is a record in crypto industry but I don't think it may long last till the end of the year because we know how the Market works and we can't expect the price high after this big pump which happened couple of days ago .
Also institutional investors may come often and go but those who hold for long-term are only the pillars of BTC I mean for the price pump.
grow and reach up heights in a short span of time because that would really be an indication that the market is already on the fomo or manipulative side of things.
Just be patient and dont rush up because time will really come when we are already on the full adoption scale.People are just to optimistic towards the price when they do saw
that everything is already in greens.They should realize on what reality looks like or else they would really get frustrated
when the market goes to the opposite direction as they anticipated.
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.
I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.
Yes this momentum is keep on going which is a record in crypto industry but I don't think it may long last till the end of the year because we know how the Market works and we can't expect the price high after this big pump which happened couple of days ago .
Also institutional investors may come often and go but those who hold for long-term are only the pillars of BTC I mean for the price pump.
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.
I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.
There are so many coins out there already create a new ATH. We all see many old projects and solid projects. This is a good sign for the crypto community. And I'm so sure that the real ATH for the coin is still not come. Let's see how high Bitcoin and altcoins can do this year.
I think we've lost the momentum for this moment. It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.
Just a short term pause.
If it were a bubble pop, the market would have crashed 50% or more already. Instead, it's just hanging sideways in a bullish consolidation. Basically, it's coiling for the next leg up.
And after this length of consolidation, I'm no longer sure $50K will serve as significant resistance. The market's going to pop very hard after $42K is broken. Like the OP said, $60-80K looks possible before a larger correction.
I'm still holding out a little hope that bears will force another leg down to test $30K (it would just create an amazing bullish setup) but the chances of that are dropping with each passing day. The lack of bear momentum and the rounded higher low bottom forming on the 4-hour chart makes this look more like a sideways accumulation structure. The market wants to keep stair stepping up.
Yea $50k should act as a solid barrier with a possible correction, but now that we have gotten a solid correction not too far below it there is definitely the possibility it simply blows right on past $50k without too much of a struggle.
I'm still planning on selling a bit from my trading stash under $49k in case $50k causes a quick drop, but the longer this correction goes on the more fuel it's building for the next explosion upwards.
I've seen a lot of retail speculating (as well as articles in the media) that price is going to keep dropping, even saw an old acquaintance randomly tweeted "Bitcoin $20k by end of January" or something like that haha. There's gonna be a lot of retail investors caught off guard, probably by end of this month, when Bitcoin is pushing new ATHs, and they are gonna be buying back in in the $40,000s when they expected to buy back in at half that price, but they are gonna find a lot less supply on the market than there was even a month earlier. Could definitely see price going over $60k before another real correction, with maybe just a pitstop for a few days under $50k.
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