$80k within 6 weeks, new ATH October 2021 - page 9.

7788bitcoin

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Quote from: adaseb on January 09, 2021, 12:21:00 AM

The mania is pretty much here already. If we were going up slowly it would be one thing but to go from $20K to $30K in 17 days and $30K-$40K in 5 days. Basically at this similar rate we will be having $10K moves every 2-3 days or so. Its not sustainable in my opinion. We might reach some top, like $50K and then consolidate for a few months and then again maybe break that ATH again.

When it comes to bitcoin it is really hard to predict how the bull market will perform as the price would take us to new territories we earlier thought is impossible for a new market like bitcoin and that concept just hit me twice in the past as i had a valuation in mind that the price could rally but it breached those valuation by a big mile and even though the market went down drastically the highs were astonishing and this is the third rally i will be part even though i did not make much profit in the first rally as those were my baby steps in the market and i cannot predict exactly how long the market will rally.

All i know is i have the patience to see the rally and only plan on selling all my coins once i see the market is preparing for a huge sell off, till then i will be holding the rest of the coins.

tabas

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Quote from: forestx on January 07, 2021, 12:49:39 PM

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

It is scary because everyone is getting greedy? If it ever dumps, then it will start to be massively bought again. This is bitcoin's truest nature, every institution doesn't want to let those sold coins.

Quote from: forestx on January 07, 2021, 12:49:39 PM

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

I think most of us are. Scared and excited at the same time. To relieve your scare, you can take profits for relaxation. Cheesy

btc78

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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.

what I'm wondering is Posts Like these mostly comes from Newbie accounts , and those accounts mostly have Gone for a certain time and just dropping now to Put Posts about the speculation of Prices . where have you been ? Grin

Quote from: forestx on January 07, 2021, 12:49:39 PM

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly.

Why afraid ? if the price is making ATH from time to time .

Quote

It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

You predicted 100k but you are afraid? when you must be proud and happy because you are close to your predictions .

adaseb

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The mania is pretty much here already. If we were going up slowly it would be one thing but to go from $20K to $30K in 17 days and $30K-$40K in 5 days. Basically at this similar rate we will be having $10K moves every 2-3 days or so. Its not sustainable in my opinion. We might reach some top, like $50K and then consolidate for a few months and then again maybe break that ATH again.

However when markets are this erratic it means the top is near, at least a local top however nobody knows exactly when it will be. We all assumed $10K would be the top in 2017 and then we assumed it would be $20K which technically never touched.

So the top will be at a price that we all least expect it to be at, something like $42345 something very random.

michellee

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If bitcoin can hit $80k within 6 weeks, that means, the price will come to us in the next months, February or March, and if that really happens, that is a big surprise to us. But I wonder if the price increase to that price, how deep the bitcoin price will be down in the next correction because maybe many people will panic if the price start goes down to the lower price. If the price can increase step by step and not directly jump to the highest price, we can still make a profit from trading.

Kemarit

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Quote from: eaLiTy on January 07, 2021, 06:49:26 PM

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

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.

I like these speculation and if the momentum continues we might reach targets which were considered impossible in this short period of time but you need to understand that institutional investments is one of the major reason for the rally and you cannot predict when they will be booking their profit, once they start booking their profit, the market will come down drastically. Until then enjoy the perils of the rally and make sure you book your profit in time Wink

.

We can only hold what they are saying, that they are not going to sell for years and so far it is true as they institutions continue to buy even at the high price fueling the market to a super fast rally that we have never expected.

Of course, sooner or later we will see the price decline, but it might be in the 6 digits. So everyone should watch out, make the right decision, or just do what others have been doing for many years, specially that invest what they can afford to lose, be a long term HODLer.

eaLiTy

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

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.

I like these speculation and if the momentum continues we might reach targets which were considered impossible in this short period of time but you need to understand that institutional investments is one of the major reason for the rally and you cannot predict when they will be booking their profit, once they start booking their profit, the market will come down drastically. Until then enjoy the perils of the rally and make sure you book your profit in time Wink

.

Ridwan Fauzi

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I prefer to see bitcoin price meet a little correctiok after its price increase. Comparing to know that just up drastically and never meet a correction. The increasing price like now will be followes by the decrasing price a lot. You can imagine how many people do the panic selling when they guessed that the correction is coming they will sell their bitcoin to minimize the profit that they get. Also I just thinking that the economic situation and the pandemic situation has pushed the price of bitcoin always increase. If both situation gone, I believe there will be a huge decrease for bitcoin.

crzy

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We are on a better position since the last bull trend on 2017 and right now, its so hard to tell how much the market can go because its totally go unpredictable. We can still expect more peak as the market continues the trend, I don’t know and I’m just buying and selling one at a time depends on my target profit.

milewilda

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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.

Nice words for a person who had been on this market earlier or in 2013.If you do see on how the market behaves for almost a decade then you would really be that off confident on how far bitcoin could go.
New ATH? Its still unknown because we are just still on 1st month of this new year but we are hitting and racking up new records for all time high's. It is even trying to break 40k resistance at the moment
on we are just $250 bucks away into that price.This is really getting more interesting but we shouldnt really forget that market wont really be rising up like forever.
Take advantage with these movements and gains and take up some strategy on how you would gonna utilize these volatility for your own benefit.

Luthier

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Quote from: el kaka22 on January 07, 2021, 03:14:25 PM

I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

lol. You do know you can...click on someone's account and see when it was registered, right? Also, you'll notice I never said I had credibility Cheesy

If we go straight up from here, we hit the top of the logarithmic trend channel at about $70k. Giving it a few more weeks to a couple months, plus the possibility of a slight overshoot, I think $80k is a decent target.

@thecodebear only time will tell. I do believe that if we end up hitting the $70-80k range by Spring, the bull may have to go dormant for a while. That just means a nice juicy accumulation zone around $20-40k until, maybe, the end of the year.

thecodebear

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Quote from: el kaka22 on January 07, 2021, 03:14:25 PM

I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

It's a guess. If you are day trading, swing trading, wanting to buy in low, wanting to sell eventually, or just thinking about what the market will do, you're gonna have some sort of number associated with that. I'd be a pretty boring comment forum if all we said was "bitcoin will go up" or "bitcoin will go down"!

el kaka22

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I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

thecodebear

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Quote from: Luthier on January 07, 2021, 01:01:49 PM

Quote from: forestx on January 07, 2021, 12:49:39 PM

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

Yeah, it is definitely starting to overheat in a big way. These last few weekly candles are about the same size as the ones in Nov-Dec. 2017 on a log scale. I don't think it can keep this up much longer, which is why I think we're going to see a pretty big blow-off top quite soon actually. The huge backing of institutional demand is definitely a game-changer though.

Yeah but any blow off top would be very short lived, precisely because institutional demand is a game changer. Any crash at these price levels is going to be bought back in weeks. Right now we're missing the $300 million weekly Grayscale buys. Price is actually correcting right now, even if this correction lasted a couple weeks a sudden influx of a few hundred millions dollars weekly is going to stop that in its tracks, if other institutions haven't already stopped it well before then. And well this correction might just be another very short lived bear trap, but the above statements apply to any correction coming anywhere near these price levels, which really aren't very high given the demand that is out there.

dothebeats

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At this point in time, those who have big amounts of coins in their stash could have been playing with the volumes and the prices on all exchanges. It could also be that the common folk together with institutional investors finally made up their minds and invested in bitcoin. There are a lot of reasons that can push these higher highs into reality, that it's no longer doubtful that we will be able to reach those price ranges that were once considered 'absurd' and improbable. The only thing that worries me is where will the money come from once the price for this particular cycle becomes too high? I'm pretty sure people have been asking this same question and I can't seem to find some compelling answers to that as of late.

Luthier

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Quote from: forestx on January 07, 2021, 12:49:39 PM

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

Yeah, it is definitely starting to overheat in a big way. These last few weekly candles are about the same size as the ones in Nov-Dec. 2017 on a log scale. I don't think it can keep this up much longer, which is why I think we're going to see a pretty big blow-off top quite soon actually. The huge backing of institutional demand is definitely a game-changer though.

forestx

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I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

kentrolla

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BTC is already in bullish trend and we are experiencing this nearly from the past 4-5 weeks, but this doesn't mean it will keep on following this bullrun comparing to the current BTC price it is half way far from now, 80k till 2021 is possible but still it depends on the demand.

I am confused who are all buying BTC in so much huge price I know institutional investors are a part, apart from that FOMO plays a key role then local public should be investing in my opinion.

Becky666

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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.

Nobody actually know what this year will hold becasue it wasn't here with us before. Considering what the past has told shouldn't be use to discuss this present, there wasn't any institutional investments in the past except the just passed year 2020, so, we're into another phase of Bitcoin that will take another year to study against the past. With the current momentum, we are likely to stop soon in this bullish run not when $80k is be torch.

Luthier

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Quote from: thecodebear on January 07, 2021, 01:23:00 AM

Yeah I could totally see a double top happening this year. Though it won't be anything like 2013 in which there was a full on ~80% crash that was just short lived compared to other ~80% drops.

With how much institutional demand there is and how little supply there is, plus gradually growing retail demand as well (especially with Paypal recently joined), this thing is going much higher soon. The only thing that is gonna cause a correction is institutions decide it has gone up too far too fast and they wait for it to drop before getting back in at better prices. It does feel like price could hit $70k-$80k in March or April (I dunno about 6 weeks), at which point I do think institutions would get scared of a bubble forming and they'd wait for cheaper prices. Those that view it as protection against inflation and a store of value wouldn't sell at this point as they are holding for many years, but those that view it as a powerful trade to ride will sell to buy back lower, helping the correction along.

In such a case we'd see a decent correction and then institutions would start coming back in lower, sucking up even more retail and whale supply. Because that institutional demand will still very much be there, I don't think this correction would last more than a few months total from top, to bottom, back to previous top. After reaching a much higher floor than where this started at $10k, they'd feel better about pushing the price over $100k for another peak towards the end of the year probably. I see this sort of dynamic playing out repeatedly over the next few years - a few months of institutional buy-in, then let it fall back down to a new higher base price for a few months, then another buy-in, and repeat.

This is exactly what I see happening as well. In a more "sane" world, the correction at $35k would have lasted a few weeks, but instead it turned into panic selling and rebuying. Don't underestimate the stimulus checks/money printing, and I think we may have another (bigger) round in the US to coincide with the early top I'm predicting Grin

Topic: $80k within 6 weeks, new ATH October 2021 - page 9. (Read 2039 times)