Bitcoin Heading to $70,000 - page 2.

LUCKMCFLY

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The outlook for BTC is being very uncertain, because for now the BTC has lowered its price, at the moment it registers a value of $ 45k, which suggests the technical analysis of cointelegraph is that the bears are selling in the rallies:

Quote

if the price rebounds off $42,451.67, the bulls will make one more attempt to resume the uptrend. A breakout and close above $47,400 could open the doors for a retest of the overhead resistance zone of $50,500 to $52,920.

Source: https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni

It should be noted that many expect the price to continue falling even more, but you have to be moderate, sometimes the market tends to do the opposite of what the mass thinks.

btc_angela

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Quote from: Mpamaegbu on September 13, 2021, 10:53:02 AM

Quote from: mk4 on September 07, 2021, 04:30:59 AM

On another note, I'm slightly surprised that I haven't seen enough press coverage concerning El Salvador's bitcoin legalization, and the fact that a freakin country bought bitcoin.

It simply goes to show the negative mindset of the press towards Bitcoin. I wonder how journalists who look the other way and carry out bad press on Bitcoin sleep at night, knowing they're unjustifiably misleading the public. Watch out how they all rush out once Bitcoin dumps. It's the same way I see folks on my Facebook timeline get excited and call out hodlers once Bitcoin takes a beating but hide their tails in shame once Bitcoin gets out of the woods. I'm really lost as to why they do all that and get that level of orgasm on something that isn't even their capital investment. On the $70,000 price level, I believe Bitcoin will surpass that before December 2021. I'm optimistic about this.

That's always been the case for press towards Bitcoin, although it has been covered by mainstream financial media, still there are some writers who shows disdain's towards bitcoin and then shill their favourite assets - that is gold.

Quote from: mbakruroh on September 13, 2021, 04:06:54 PM

When it comes to using Bitcoin as a means of payment, I think there are already many sites that use Bitcoin as a means of payment. For example, site hosting services. But this September, dump month for all crypto. My estimate is that crypto prices will increase again in December.

El Salvador, Germany, Japan are some country that I can think of that accepts bitcoin as means of payment, so adoption is already there but it's on a turtle pace.

Pamadar

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Quote from: ene1980 on September 13, 2021, 04:52:35 PM

Quote from: mbakruroh on September 13, 2021, 04:06:54 PM

~
When it comes to using Bitcoin as a means of payment, I think there are already many sites that use Bitcoin as a means of payment. For example, site hosting services. But this September, dump month for all crypto. My estimate is that crypto prices will increase again in December.

There are many sites that accept Bitcoin as a mode of payment not just hosting services, there are several goods and services websites as well that accepts Bitcoin and since the fees is not that huge for months we might see more companies accepting Bitcoin.

When it comes to the valuation, we might see the momentum starting to build by October so that we could touch another all time high by the end of December. These are the expectations but anything can happen as the institutional investors hold the key as we have no idea when they will start dumping the coins.

With the adjustment of transaction fees and with more acceptance and adoptions,

I also see that Bitcoin will move and reach new time high. September is not a friendly month, but if tracing back with the history of halving, month or December might be good for all investors who will keep their assets.

Not an investment advise but basing for the past performances, bitcoin always has a good surprise. Let's just hope for the best.

bhooscream

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Quote from: Naficopa on September 13, 2021, 08:10:10 AM

If you say that the Bitcoin price is rising gradually, then you are probably from a different planet, or you started taking an interest in cryptocurrencies a few weeks, max a few months ago.
What we have been observing for months is a recovery after a massive price drop. Price of Bitcoin in 2019 and 2020 fell by over 80%. At the moment, we are seeing a rebuilding of position and preparation for the new bull run. I'm not sure if it will happen tomorrow or two months from now, but if it happens $70k to the end of the year is certain.

You are stupid, only comment on the word "gradually" without reading a whole post!! I didn't say now Bitcoin price is increasing gradually, but I guess the Bitcoin price to increase gradually in the next month. Read again my post!!

The man Tessnik stated that Bitcoin to reach this month, then I commented it is impossible because the Bitcoin price won't increase suddenly from the current price to $70k, because the Bitcoin price will increase gradually.

I suspect you try to support him because you are the puppet of 1xBit signature campaign. But it is too bad action from a Hero member like you, very unfortunate to see a Hero rank comment like this.

ene1980

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Quote from: mbakruroh on September 13, 2021, 04:06:54 PM

~
When it comes to using Bitcoin as a means of payment, I think there are already many sites that use Bitcoin as a means of payment. For example, site hosting services. But this September, dump month for all crypto. My estimate is that crypto prices will increase again in December.

There are many sites that accept Bitcoin as a mode of payment not just hosting services, there are several goods and services websites as well that accepts Bitcoin and since the fees is not that huge for months we might see more companies accepting Bitcoin.

When it comes to the valuation, we might see the momentum starting to build by October so that we could touch another all time high by the end of December. These are the expectations but anything can happen as the institutional investors hold the key as we have no idea when they will start dumping the coins.

mbakruroh

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Quote from: Tessnik on September 07, 2021, 03:13:44 AM

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

When it comes to using Bitcoin as a means of payment, I think there are already many sites that use Bitcoin as a means of payment. For example, site hosting services. But this September, dump month for all crypto. My estimate is that crypto prices will increase again in December.

skarais

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Quote from: Mpamaegbu on September 13, 2021, 10:53:02 AM

~~~
On the $70,000 price level, I believe Bitcoin will surpass that before December 2021. I'm optimistic about this.

We may be optimistic to see bitcoin price hit $70K by the end of this year. It's actually good enough to convince yourself that $70K is still going to come. But I would highly doubt if bitcoin had not been influenced by the strong demand in the market by institutional investors and new traders. Ukraine is a reasonable reason to think that the price will be affected soon, but until now the price of bitcoin is still experiencing a correction.

Mpamaegbu

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Quote from: mk4 on September 07, 2021, 04:30:59 AM

On another note, I'm slightly surprised that I haven't seen enough press coverage concerning El Salvador's bitcoin legalization, and the fact that a freakin country bought bitcoin.

It simply goes to show the negative mindset of the press towards Bitcoin. I wonder how journalists who look the other way and carry out bad press on Bitcoin sleep at night, knowing they're unjustifiably misleading the public. Watch out how they all rush out once Bitcoin dumps. It's the same way I see folks on my Facebook timeline get excited and call out hodlers once Bitcoin takes a beating but hide their tails in shame once Bitcoin gets out of the woods. I'm really lost as to why they do all that and get that level of orgasm on something that isn't even their capital investment. On the $70,000 price level, I believe Bitcoin will surpass that before December 2021. I'm optimistic about this.

Naficopa

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Quote from: bhooscream on September 12, 2021, 06:28:28 PM

Quote from: Tessnik on September 07, 2021, 03:13:44 AM

I predict a $70,000 bitcoin price before the end of this month of September.

I don't think so. Bitcoin price is moving around $44k-$46k today, still too far from $70k. If Bitcoin wants to go to $70k, it should be not in this month. Probably the Bitcoin price to move significantly again in the next month or two next months. It means the chance of Bitcoin to reach $70k may be in October or November. We must be realistic, Bitcoin price increases gradually, it needs a process and takes time. There is no way that Bitcoin price suddenly moves from $46k to $70k.

If you say that the Bitcoin price is rising gradually, then you are probably from a different planet, or you started taking an interest in cryptocurrencies a few weeks, max a few months ago.
What we have been observing for months is a recovery after a massive price drop. Price of Bitcoin in 2019 and 2020 fell by over 80%. At the moment, we are seeing a rebuilding of position and preparation for the new bull run. I'm not sure if it will happen tomorrow or two months from now, but if it happens $70k to the end of the year is certain.

xmonkeyx

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Quote from: Tessnik on September 07, 2021, 03:13:44 AM

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

it is very difficult to predict what will happen in the future, especially if you say the price at the end of September will not be long. In my opinion, of course it is very possible given the current development of the bitcoin price which is getting better and also very many people predict that bitcoin will reach its new ATH.

Shasha80

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Quote from: Maslate on September 12, 2021, 05:44:39 PM

Always keep optimistic.
Bitcoin has its continuous market uptrend, is that what we see now but can't just set aside some factors that could affect it. The downtrend is also possible, we're not yet reaching $60k, I think we should have to stabilize at this price before it headed to $70k. But seems we are still far from that scenario and it founds unrealistic for now, maybe in the next Bullrun, after the next halving.

I am not a fortune teller and I also believe that no one can know the future of Bitcoin. What we need to do is to remain optimistic and believe that
the future of Bitcoin will be bright. Because doing so will make us think positively about Bitcoin and will not panic when the Bitcoin price falls.
We are free to determine the target price of Bitcoin, the target of $70k is very likely to be achieved if we look at the history of how Bitcoin moves.
So what we need to do now is be patient holding the Bitcoins we have and when we have extra money we can buy more Bitcoins. Because
the more Bitcoins we have, the more profit we get. I don't know when the Bitcoin price will reach $70k, no matter if it happens this year or maybe
next year, for sure I am optimistic that the price of $ 70k can be achieved.

bhooscream

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Quote from: Tessnik on September 07, 2021, 03:13:44 AM

I predict a $70,000 bitcoin price before the end of this month of September.

I don't think so. Bitcoin price is moving around $44k-$46k today, still too far from $70k. If Bitcoin wants to go to $70k, it should be not in this month. Probably the Bitcoin price to move significantly again in the next month or two next months. It means the chance of Bitcoin to reach $70k may be in October or November. We must be realistic, Bitcoin price increases gradually, it needs a process and takes time. There is no way that Bitcoin price suddenly moves from $46k to $70k.

Maslate

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Always keep optimistic.
Bitcoin has its continuous market uptrend, is that what we see now but can't just set aside some factors that could affect it. The downtrend is also possible, we're not yet reaching $60k, I think we should have to stabilize at this price before it headed to $70k. But seems we are still far from that scenario and it founds unrealistic for now, maybe in the next Bullrun, after the next halving.

Boov

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Quote from: Kemarit on September 11, 2021, 07:18:41 PM

Quote from: Boov on September 11, 2021, 06:58:36 PM

Quote from: Tessnik on September 07, 2021, 03:13:44 AM

~snip~

It's pretty obvious that $70,000 is out of reach, if we could have continue the momentum from $52,000, maybe we have a slim chance. But now as the price dips to $43,000-$45,000, it's no longer viable.

So yes, maybe around October we might see it hitting $60,000 at least and then the last two months of the year will be very exciting, $70,000 or even higher when the super fast bull run resumes around that time frame.

With this possible pull ups, it would probably raises the chance for altcoins to also rise in connection to green days of crypto market. Though it would randomly gain strong momentum, don't just let your holdings be dump without purpose. Keeping our asset intact in preparation of future rallies between alts and promising coins, which soon commence strong market volume.

Furious 7

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Quote from: Jating on September 12, 2021, 08:45:37 AM

The last ATH is about $64k, we have reached $52k just last week prior to the massive flash crash.

So the best case scenario for September is to get back to $52k and slowly increased by $60k in October and then new ATH by December.

And hopefully, we won't fall to $43k again because that is the support level that we need to maintain.

We hope for the best news in October and beyond because this has become a point of support area if it goes down again then it will be broken for a long time.

To be honest it has hit a high of $52k but a correction is bound to happen and flash-crashes are the culprits we know but this won't have any lasting effect.
There are always tough obstacles but this is to take ATH again with many other tough challenges.

Rajamuda

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Basically, Bitcoin price movements are not only influenced by 1 or 2 things that can affect it, we know that the more Bitcoin is recognized by more people... the more they will consider, by generating more arguments, Bitcoin might be getting positive feedback and negative feedback.
It's not certain to reach $70k this month, but the possibility is still there, it's just that we can't predict for sure, because the various things might be affecting it, slowly or quickly.

Jating

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Quote from: Kong Hey Pakboy on September 12, 2021, 01:34:47 AM

Quote from: StreakW on September 11, 2021, 01:30:08 AM

I think the end of September Bitcoin is difficult to be in the $70,000 area. I predict the Bitcoin correction trend is not over yet. In the short term, the price of bitcoin still has the potential to fall around 10-20 percent from its current position before it will reverse higher.

Maybe not this September but possibly by the end of the year, we will likely see bitcoin go to 70k or probably more than that because the adoption in the market has increased already so it's unlikely that we don't see bitcoin to not go for another ATH this year.

The last ATH is about $64k, we have reached $52k just last week prior to the massive flash crash.

So the best case scenario for September is to get back to $52k and slowly increased by $60k in October and then new ATH by December.

And hopefully, we won't fall to $43k again because that is the support level that we need to maintain.

Kong Hey Pakboy

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Quote from: StreakW on September 11, 2021, 01:30:08 AM

I think the end of September Bitcoin is difficult to be in the $70,000 area. I predict the Bitcoin correction trend is not over yet. In the short term, the price of bitcoin still has the potential to fall around 10-20 percent from its current position before it will reverse higher.

Maybe not this September but possibly by the end of the year, we will likely see bitcoin go to 70k or probably more than that because the adoption in the market has increased already so it's unlikely that we don't see bitcoin to not go for another ATH this year.

Kemarit

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Quote from: Boov on September 11, 2021, 06:58:36 PM

Quote from: Tessnik on September 07, 2021, 03:13:44 AM

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

I think $70k was too early to be achieve this month, as of now bitcoin got $45k after the last huge fall. Most probably the recovery takes place until the end of September or even in October we aren't sure we will reach back $50k. That's a case to case basis, before having back the top price ATH and it's by grace we're going to have at least $60k by October.

It's pretty obvious that $70,000 is out of reach, if we could have continue the momentum from $52,000, maybe we have a slim chance. But now as the price dips to $43,000-$45,000, it's no longer viable.

So yes, maybe around October we might see it hitting $60,000 at least and then the last two months of the year will be very exciting, $70,000 or even higher when the super fast bull run resumes around that time frame.

Boov

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Quote from: Tessnik on September 07, 2021, 03:13:44 AM

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

I think $70k was too early to be achieve this month, as of now bitcoin got $45k after the last huge fall. Most probably the recovery takes place until the end of September or even in October we aren't sure we will reach back $50k. That's a case to case basis, before having back the top price ATH and it's by grace we're going to have at least $60k by October.

Topic: Bitcoin Heading to $70,000 - page 2. (Read 594 times)