Topic: Bitcoin Bullish Scenario - Minimum will reach $75000 - page 5. (Read 782 times)
It is not easy to break $50k because the price seems not too strong to lift the price and back to up to $50k. Whenever the price starts to increase, it will go back to the lower price, making bitcoin have a delay to rise to the higher price. But whether the price will go up this year or next year, I think we do not have to worry because in the end, the price will start to increase and once that happens, the barrier of $50k will be a break and the price will still grow and will hit the next new ATH.
Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.
That's too far enough to happen although it might be the one that needed for Bitcoin in order to break the hardest resistance which is $70k currently. Bitcoin needed more months before we could see another ATH as the price in the dip right now and it might be the same as before when Bitcoin hits ATH it goes down back to $30k so it means Bitcoin need those months. It's between Q1 or Q3 but I hope it happens soon. Bear is just around the corner but maybe in 2023 or so.So far the hardest resistance is $50k, we can't break that barrier in like many attempts.
After reaching a new all time high last month, the price seems to be on a downward spiral sad to say. So $70k is very far in my opinion and not sure if we are going to hit that price. Although at the back of my mind, I'm still thinking that we can still bounce back in Q1, it might be a difficult road as it seems the sentiments have shift to bearish this December.
Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.
That's too far enough to happen although it might be the one that needed for Bitcoin in order to break the hardest resistance which is $70k currently. Bitcoin needed more months before we could see another ATH as the price in the dip right now and it might be the same as before when Bitcoin hits ATH it goes down back to $30k so it means Bitcoin need those months. It's between Q1 or Q3 but I hope it happens soon. Bear is just around the corner but maybe in 2023 or so. 
when I look at these charts with so many lines it reminds me of the past when I saw the guys' analytics on the tradeview, I would always laugh because their price forecast always failed. the price is falling, it is not rising and the question now is how far the price needs to fall to reverse this downward trend.
Well in a "bullish" scenario, I am not shocked that it is 75k at minimum, could be a lot more in my mind if I am considering bullish scenario to be honest. Hopefully we would be reaching to that 75k very soon because I keep seeing a lot of people who are losing their trust into crypto, and that is a very scary thing for the future, it could be a lot better if it wasn't really a problem for people in the long term but that is the risk we are taking.
Imagine this, we have 100 people who are involved with bitcoin, and the price is 100k, then price drops to 50k and we have 90 people who are interested, wouldn't it be harder to go back to 100k with just 90 people instead of 100? Wouldn't it be easier with 150 people? That is the problem we are facing right now, many people are leaving and becoming hopeless about it, sure most will come back and then some when the price recovers but it is making the recovery harder.
Imagine this, we have 100 people who are involved with bitcoin, and the price is 100k, then price drops to 50k and we have 90 people who are interested, wouldn't it be harder to go back to 100k with just 90 people instead of 100? Wouldn't it be easier with 150 people? That is the problem we are facing right now, many people are leaving and becoming hopeless about it, sure most will come back and then some when the price recovers but it is making the recovery harder.
Thanks for your analysis @StreakW, I have actually both some bitcoin at the current rate, and if indeed a new ATH will be achieved soon, that would make me profitable as well, but if the bearish movement will continue, I'll still continue buying using the same strategy by waiting what price it will settle when it floored.
As of now, I am not certain if the market will be bullish soon, but I'm sure every dropped is an opportunity as we are down significantly already compared to the current bitcoin ATH.
As of now, I am not certain if the market will be bullish soon, but I'm sure every dropped is an opportunity as we are down significantly already compared to the current bitcoin ATH.
Hope that this will occur in 2021 year end and not for the next December lol.
Have been waiting since second week of November to cash out some funds for this holiday but sadly i am a failure because the price continues to dip and now i am trapped with only more than a week remaining before the year ends.
Hoping that we will be having a great increase in the last week of December before 2022 comes to take over.
Unfortunately this is something that is quite common, if your goals for bitcoin are for the short term then you may find yourself in a difficult situation in which you are forced to sell for a bad price, now if you really need that money then you have no other option to sell, but if you can hold your coins for a few more months then it is highly likely that you are going to be able to sell your coins for a price way higher than what we are seeing at the moment. Have been waiting since second week of November to cash out some funds for this holiday but sadly i am a failure because the price continues to dip and now i am trapped with only more than a week remaining before the year ends.
Hoping that we will be having a great increase in the last week of December before 2022 comes to take over.
Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.
Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.
The OP uses chart analysis and is not based on guesswork, so I appreciate the OP's analysisDowntrends are common in bitcoin and after that the bulls can't be avoided, if you think the downtrend is long then you are wrong
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
Looking positively on this mate, The candle seems to be going to be favoring us now at least before this Year ended?If this scenario occurs then the current buy the dip will be very profitable.
I always look at this chart but did not realized this one you shared.
Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.
Just like OP you only has own Opinion ., you may be right or OP will be right but what's best here? you did not received any Merit because you are Bearish while many are still Bullish like me lol. 
The OP didn't say that his prediction will be hit this end of the month or at least this year. He just said that if ever we enter another bullish phase and this might be next year, the next target will be $74k-$75k. So the big question is when it will happen as I believed it may take months for us to reach that price. In any case, some indicators still points long term that we are still poise to make a bull run and even maybe hit 6 digits.
That is only a scenario that still has the possibility to happen for this year but I already said that it would be difficult to reach that price. If that is for the next year, bitcoin will have a big chance to rise and reach $75,000 even more. So in this matter, we still need to wait and have more patience waiting for that time while we can also have the time to buy more bitcoin. When the bull run comes again, I can not imagine how high the price will increase because that can break the last ATH so it could be somewhere high price.We are in a not as good December as in 2017, clearly the shorts on 4/12 are creating a certain difficulty for bitcoin's recovery path, the accumulation process is still maintained. but the important psychological retracement is setting the decisive threshold to find a bullish structure sooner. I think it will be quite late to catch ATH at $75k when time is short but bitcoin always works wonders and maybe we could see a quick launch in the remaining 14 days.
I'm not a pessimist, but I'm more realistic when $75k is placed in January 2022
Bitcoin's recovery path is still on the way. We can only be patient and not panic if the price is down and up many times because that will happen to bitcoin and it is just beginning. When the price is at a very higher price for about more than $100,000, you can imagine how much the price can drop to the lower price and then go up again to the higher price. That can make us have a panic moment because we may think that the price will still go down for more. If bitcoin can have a quick launch in the remaining 14 days, that is good for us because we can go back to making a big profit as I believe that many of us have already bought bitcoin at a low price. I think it is just a matter of time for bitcoin to start rise so be patient. I'm not a pessimist, but I'm more realistic when $75k is placed in January 2022
Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
If this scenario occurs then the current buy the dip will be very profitable.
If this scenario occurs then the current buy the dip will be very profitable.
I'm looking at the same type comparison. Really watching that bottom line because things are a bit bearish or at least pessimistic in terms of pricing. Personally I think it's gonna break through the bottom line. I think a lot of people are gonna sell off crypto in the beginning of the year to pay for some of the taxes they are gonna owe with everything doing so well, especially alts.
Thanks for the easy-to-understand graphics and explanations. Responding to the current condition of the Bitcoin price, of course it is still in a bullish point, the worries out there only result in people who don't know how Bitcoin movement is considered as destruction. It's a pity, isn't it? though we're still on a pretty safe line to collect a lot of Satoshi. So don't let us be easily provoked by news that seems as if the future of Bitcoin just fell apart. The FED may have discussed this at its December 13 hearing.
From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.
$40k is still a good 20% distance away so I'm not sure we can we're close to that (otherwise we're equally close to 59k and we're not).
I'm thinking as always that volumes are more important than anything else in terms of striking movements in either direction. I'll be happy to take and hold on to 60,000 for the new year... would still represent a highly impressive YTD.
I also believe that breaking the 70k barrier may take time, but we will not encounter any resistance barriers between 70k to 80k, but the barrier will be from 82k to 89k.
If we go back a little, then several months ago we witnessed a bottom of less than 30k and a top at 68k.
And now we have a bottom at 41k and therefore the top will be higher than 78k, which may lead to 82k.
Personally, I do not expect an increase higher than 94k.
Again, the most pressing question is when will that be?
If we go back a little, then several months ago we witnessed a bottom of less than 30k and a top at 68k.
And now we have a bottom at 41k and therefore the top will be higher than 78k, which may lead to 82k.
Personally, I do not expect an increase higher than 94k.
Again, the most pressing question is when will that be?
It is not easy to reach $75,000 this year since we are now in the middle of this month which means, we have at least 15 days to see the new year. So if the scenario is just to increase the price to $75,000, I think it will be difficult for bitcoin to reach that price because bitcoin is now down too deep and we do not know when the price will rise again. So maybe the bitcoin price can increase but it will be difficult if the price wants to reach $75,000 at the end of this year. Maybe it will happen in the next year but we still need to optimist that bitcoin will increase before the end of the year so we can back to make a big profit before the new year.
We are in a not as good December as in 2017, clearly the shorts on 4/12 are creating a certain difficulty for bitcoin's recovery path, the accumulation process is still maintained. but the important psychological retracement is setting the decisive threshold to find a bullish structure sooner. I think it will be quite late to catch ATH at $75k when time is short but bitcoin always works wonders and maybe we could see a quick launch in the remaining 14 days.I'm not a pessimist, but I'm more realistic when $75k is placed in January 2022
It is not easy to reach $75,000 this year since we are now in the middle of this month which means, we have at least 15 days to see the new year. So if the scenario is just to increase the price to $75,000, I think it will be difficult for bitcoin to reach that price because bitcoin is now down too deep and we do not know when the price will rise again. So maybe the bitcoin price can increase but it will be difficult if the price wants to reach $75,000 at the end of this year. Maybe it will happen in the next year but we still need to optimist that bitcoin will increase before the end of the year so we can back to make a big profit before the new year.
The OP didn't say that his prediction will be hit this end of the month or at least this year. He just said that if ever we enter another bullish phase and this might be next year, the next target will be $74k-$75k. So the big question is when it will happen as I believed it may take months for us to reach that price. In any case, some indicators still points long term that we are still poise to make a bull run and even maybe hit 6 digits.
It is not easy to reach $75,000 this year since we are now in the middle of this month which means, we have at least 15 days to see the new year. So if the scenario is just to increase the price to $75,000, I think it will be difficult for bitcoin to reach that price because bitcoin is now down too deep and we do not know when the price will rise again. So maybe the bitcoin price can increase but it will be difficult if the price wants to reach $75,000 at the end of this year. Maybe it will happen in the next year but we still need to optimist that bitcoin will increase before the end of the year so we can back to make a big profit before the new year.
As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur.
What I agree with is this and I think so far such candle is yet to appear. It is what will finally indicate a spontaneous switch but for now maybe we are still expecting that prices will hang and play around the resistance and support levels. I can't speculate where the big waves is going to blow but certainly a direction will open up by the end of this month.
Jump to: