$80k within 6 weeks, new ATH October 2021 - page 7.

jaberwock

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Quote from: Raflesia on January 18, 2021, 09:11:10 AM

Do we only depend on institutional investors? I think this is just speculation that it is clear that the whale holds more of the bitcoin that is held this can affect the price even fluctuating we know every company has now started to adopt but will the price still reach new ATH again?
We can probably guess the price will jump easily but we have to know what the real market conditions are and investors will still not panic when a crash occurs.

We do not "depend" on the institutional ones but they are the ones that can make the biggest difference the question as well. I am not saying there is nobody else buying, without them we still have a lot of people buying, but they make a huge difference as well. Just to give an example before them we were toying the 10k levels, with them we broke over to 40k levels, did they took us there all of their own? Of course not, but could we say 14+ billion dollars spent on bitcoin all in the past 8 months didn't help? I wouldn't be capable of saying that.

So as long as they keep helping, as long as they keep buying, I am sure it is going to be fine, we are going to make a profit, but it is going to take a while before we can say that we can increase like this without them, that would require a lot more regular people to get into it if we are talking about tens of billions of dollars all bought during same period and not sold.

dre1982

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Luthier on January 19, 2021, 09:23:58 AM

Ethereum makes an ATH and we're sitting here waiting for Biden's inauguration to break out of this triangle? Silly bitcoin Grin

lol. Just be patient. Before the last ATH's it was also boring with Bitcoin's value and suddenly out of the blue it went up that big.

It will go bigger for sure but I think it's now calming down a little. Just preparing for the next run. Wink

Luthier

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Ethereum makes an ATH and we're sitting here waiting for Biden's inauguration to break out of this triangle? Silly bitcoin Grin

exstasie

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Quote from: STT on January 18, 2021, 09:52:25 AM

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.

KTChampions

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Leading Crypto Sports Betting & Casino Platform

Quote from: STT on January 18, 2021, 09:52:25 AM

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. Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

Yes, such growth without serious rollback periods or +- stable prices is extremely unlikely. Bitcoin already has a huge capitalization, therefore, if such movements take place, then smoothly and with inevitable periods of correction, since bitcoin is already part of the world economy, and crises in it occur regularly.

Fatunad

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Quote from: STT on January 18, 2021, 09:52:25 AM

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. Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

Actually we are already sold on where the price had able to hit up because we didnt even expect that it would reach 30k or even 40k.
If we moved sideways for some time then it would be better rather than seeing a market where it would be crashing into those prices
that we had seen in the past. Im not rushing on seeing 80k for this year which i do saw that it is way too high to consider.
Nothing can be predicted on where it would go.

Wysi

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At this moment things don't look smooth for bitcoin as it has gone through numerous corrections and we have seen sudden drop in the price, I don't think we can speculate much about Bitcoin's price or new ATH because even experts are unable to predict much due to volatility and if Bitcoin would have followed prediction then it wouldn't have touched $40k so early. I think next few weeks will decide the Bitcoin price for this year.

Let me reiterate once again that yeah your predictions may cime true as everything is possible let it be a worst dump or unexpected pump.

STT

legendary

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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. Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

Raflesia

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_""""Duelbits""""_

Quote from: Pamadar on January 17, 2021, 08:44:26 PM

With them (Institutional investors) the price can go anywhere.

If they are here to bring more money the chance of seeing much higher value in a much shorter timeframe is indeed very possible, we can't exactly predict as the nature of this market still volatile. It will depend from how investors and traders react either way there's influence within the market whatever they've choose to follow.

Do we only depend on institutional investors? I think this is just speculation that it is clear that the whale holds more of the bitcoin that is held this can affect the price even fluctuating we know every company has now started to adopt but will the price still reach new ATH again?
We can probably guess the price will jump easily but we have to know what the real market conditions are and investors will still not panic when a crash occurs.

Pamadar

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Quote from: dimonstration on January 17, 2021, 05:20:04 PM

Quote from: zeingrind777 on January 17, 2021, 05:50:47 AM

Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

We will just let the price be it's price, we can't predict it's price to price or down too much since the target now of institutional companies are BTC and if it will help them alot to gain more profit in crypto if they can attracts more big companies. The price may set new ATH faster if these setup of companies Continuous.

With them (Institutional investors) the price can go anywhere.

If they are here to bring more money the chance of seeing much higher value in a much shorter timeframe is indeed very possible, we can't exactly predict as the nature of this market still volatile. It will depend from how investors and traders react either way there's influence within the market whatever they've choose to follow.

Luthier

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Well, it's a new week. Bitcoin doubled from ~10k to 20k in 10 weeks, and then doubled from 20k to 40k in the last 5 weeks. Will the trend continue? Who knows, but the chart looks bullish af. I think we've got at least a leg to go before a serious correction.

Peace and love and hodling to all of you.

dimonstration

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Dimon69

Quote from: zeingrind777 on January 17, 2021, 05:50:47 AM

Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

We will just let the price be it's price, we can't predict it's price to price or down too much since the target now of institutional companies are BTC and if it will help them alot to gain more profit in crypto if they can attracts more big companies. The price may set new ATH faster if these setup of companies Continuous.

zeingrind777

full member

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Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

KTChampions

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Shasha80 on January 16, 2021, 05:19:36 PM

Currently Bitcoin is still correcting, so this is a good time if anyone wants to buy Bitcoin. Many say the Bitcoin price increase that occurred earlier
this year is very similar to what happened in 2017. But I see the increase now is different from what happened in 2017. The increase in the price of
Bitcoin is now due to many institutions starting to invest in Bitcoin, so the price corrections are quite healthy, so it won't drop below $ 30,000.
Then to achieve the new ATH in October 2021 it can be achieved, for the $ 80,000 target it is not impossible to achieve.

I've heard the opinion that this is a bullish trap - too many people believe that 30k is now the bottom. And the whales may well sell Bitcoin above this level and then make a correction much deeper. I do not know how true this theory is, but it is quite logical.

Shasha80

sr. member

Activity: 1876

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Currently Bitcoin is still correcting, so this is a good time if anyone wants to buy Bitcoin. Many say the Bitcoin price increase that occurred earlier
this year is very similar to what happened in 2017. But I see the increase now is different from what happened in 2017. The increase in the price of
Bitcoin is now due to many institutions starting to invest in Bitcoin, so the price corrections are quite healthy, so it won't drop below $ 30,000.
Then to achieve the new ATH in October 2021 it can be achieved, for the $ 80,000 target it is not impossible to achieve.

pixie85

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Quote from: ?? on ??

Whenever we have such retest in short while, the parabolic has not happen and there is hope for higher high, in the parabolic it only touches the height price once then we go to the bear market. The more the retest the more the chances to pump or dump, so we may not know where to go. This market is different and analyst are struggling, altcoins are struggling more.

That's a very underrated response Wink

Most people that we went 3x from the ATH and think that was the bubble but it wasn't. There was a very similar move in 2017 when the price went from the last ATH of 1 thousand to 3. Then there was a correction because people thought that was it and a few months later it went parabolic.

The fact that we had no real drop and a dead cat bounce yet proves that we are going to see another pump.

wxa7115

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Bitcoin is GOD

Quote from: Husires on January 11, 2021, 03:24:59 AM

The growth that occurred in 2017 was speculative, much of the rise was not logical and it was not correct growth as the corrections took place in less than a month.
Reaching the highest peak in 2021 will be faster than 2017, I expect by next May will be our new ATH, followed by very strong corrections.
ATH will be less than 80K$ which will be 70k$.

Things are so uncertain around the world that at this point any kind of prediction is possible, even if institutional investors are not putting as much money in bitcoin as they did when it was cheaper the fact that the governments around the world are still printing a lot of money thinking they are going to solve all of their problems by trying to stimulate the economy means that over the long term the price of bitcoin cannot do anything but to go up.

And if people begin to realize that the wealth that they had been saving in the form of fiat currency is diminishing at an alarming rate then they are probably going to try to do something about it and what better way to protect their wealth than to buy bitcoin? And if that were to happen a prediction of 80k is going to come up very short.

FaucetKING

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Well, who knows whether it will surpass that point or not ?
Let's not Fomo about this matter buddy, let it gather the interest and let the market get steady then we can talk about 80k and beyond. Don't rush.

Luthier

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Quote from: beerlover on January 14, 2021, 12:41:46 PM

People who are very very bear about bitcoin are still a bit part of the market as well and also the forum. I do not agree with them, I think bitcoin will not be done anytime soon, and it is still recovering as well, there is no way bitcoin will be crashing to 3k-5k levels ever again, that is too far out and we are not going there.

However even if I do not agree with them, I do want them to write here whatever they want for two main reasons, one of them is the fact that we should hear what want to say, we should not silence people, if they want to say something about a price prediction, that shouldn't really be something to be silenced about, it is a tiny deal. Secondly I would want them to write because there are bear people in the market as well, people who short bitcoin too, so I would like to learn their perspective in order to know why they think that way.

I have no power to silence anyone, even if I wanted to. But OK, I will stop being a dick and let bears be bears Cheesy

There is some reasonable chance of this playing out, or it could literally be broken while I post this. We all know Bitcoin loves triangles. I don't think it changes my prediction much if at all. Zooming out, the daily chart looks a lot like the weekly chart from 2015 into the beginning of 2017.

https://i.imgur.com/ehqTLJs.png

Edit: someone merit me, dammit Cheesy

magneto

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Quote from: Luthier on January 06, 2021, 11:02:03 PM

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.

I always found the concept of peak- and bottom-calling ridiculous.

These bull markets occur when people are most irrational, and there is no way to predict with even remote certainty what the price will be in a few months time.

$80k is not out of the question, but with the current conditions trend reversals can be incredibly fast and prolonged.

I'd rather continue DCAing and holding for the long run. Ride out the short term volatility.

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