Bitcoin Heading to $70,000 | Bitcointalksearch.org

Tessnik

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Quote from: stomachgrowls on September 16, 2021, 02:26:53 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.

The recent price correction does proves out that you shouldnt really Fomo'ed out yourself whenever you to see some significant increase in a short time because that will really create the impression that the price might
be heading upwards on continuous basis which isnt really a precise thing for you to presume out.

Well, its not bad on being optimistic but speculating about breaking ATH and go to 70k price point in a short span of time specially on this September then this is something a bit not believeable.

Take a look on the current price which it corrected on 47K+ price and moving sideways at the moment.This had proved out that everything is questionable.

You are right quick fomos always result in disappointment, but again I believe Bitcoin is still on its way to 70k price judging from its recovery pattern and recent market movement and volume. The crash from 62k to 46k was the biggest this year, and no one expected that at the time it happen.

stomachgrowls

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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.

The recent price correction does proves out that you shouldnt really Fomo'ed out yourself whenever you to see some significant increase in a short time because that will really create the impression that the price might
be heading upwards on continuous basis which isnt really a precise thing for you to presume out.

Well, its not bad on being optimistic but speculating about breaking ATH and go to 70k price point in a short span of time specially on this September then this is something a bit not believeable.

Take a look on the current price which it corrected on 47K+ price and moving sideways at the moment.This had proved out that everything is questionable.

Furious 7

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Quote from: pooya87 on September 16, 2021, 04:17:30 AM

Quote from: bitterguy28 on September 16, 2021, 03:46:41 AM

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

When some newbies come and buy some bitcoins but after the market becomes bearish this becomes a problem because they will sell out of panic and don't know the experience while the whale behind it will continue to be in control because the whale would want to have more bitcoins in times of crash then all of that must be overcome when beginners no longer panic when the market crashes.

Bitcoin this year there is still hope with the existing cycle at least approaching ATH or reaching it is much better because on the basis of this momentum bitcoin will continue to redeem with the target at the end of the year.

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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 has been a weird couple of weeks in crypto, maybe a bit over a month. First we were at around 28k price, then we went to nearly 52k price at top and then dropped under 45k as well, all within a month I believe. That is not something people can get used to even after years of crypto. I have been here for nearly 8 years and I have to say that it is still quite shocking to me when it is volatile like that. Don't get me wrong going up or down is normal, but going up and then down so quickly, in short period of time with basically huge huge amounts is something I will never get used to.

In the crypto world, volatility is the number one friend or enemy depending on your position, sometimes it becomes the greatest thing ever because you make a profit very quickly and a lot of profit as well, sometimes it becomes a horrible thing and makes you lose a lot of money.

Kittygalore

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Quote from: DU18 on September 08, 2021, 05:20:40 AM

Quote from: Kittygalore on September 08, 2021, 12:46:37 AM

~

trading futures under these circumstances, of course it would be very risky to lose money in the market, I personally prefer spot trading for now and spread my portfolio on several cryptos with different price orders now, I think now the market situation is quite deteriorating and Of course, we have to be patient and calm in making every decision in trading, so it's better for us to take a break and hope the market will get better soon Grin

.

No matter what time or situation it is, trading futures will always be risky because that can wipe out all the money that you have, remember the story of the dude who offed himself because he lost everything that he has because of futures, that's how risky and mental this trading is, it can get on your nerves.

kendedese

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Quote from: newwest on September 14, 2021, 12:47:52 PM

50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

so far $50k has been a barrier for bitcoin to reach much higher ATH. but I think the chance for bitcoin to break $50k and hit a much higher ATH is still pretty wide open this year. I think $60k at the end of the year is too low because now bitcoin is recovering and the price is slowly rising. at the end of the year maybe we can see bitcoin price reach $75k-$80k.

poldanmig

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Quote from: bitterguy28 on September 16, 2021, 03:46:41 AM

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

it looks like the end of this month the bitcoin price will not be too much different from the current price, and even i'm starting to have a little doubt the bitcoin price will increase in price to $100k by the end of this year, but even so, i still believe if the bitcoin price will be able to rise high in the middle of next year, so the right step for me now is to buy and store it for a long time.

Quote from: pooya87 on September 16, 2021, 04:17:30 AM

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

it seems you are quite optimistic that by the end of this year the bitcoin price will be very high and hopefully what you say can happen and the bitcoin price will be able to reach its highest ATH cycle as you say around $400k.

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Quote from: bitterguy28 on September 16, 2021, 03:46:41 AM

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

bitterguy28

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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.

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

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Quote from: nelson4lov on September 14, 2021, 05:45:32 PM

Quote from: Sanitough on September 14, 2021, 04:43:51 PM

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

That fall was expecting at least for me. Since that epic fall to $28K, Bitcoin has been on the path to recovery and has done so in the last couple of weeks but I knew we'll have a pullback and a bit of retracement. I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.

$43,000 for me is the last big support, if it didn't hold, then I expect another huge drop below $40,000. So the good thing is that the bulls where able to hold and then recovered to $47,000 right now.

However, we are still not out of the woods, we really need to get to $50,000++ this month so that we are on the way to $70,000 at least for this year. If the market turns to be supper bullish then it's already a plus for all of us to see that 6 digits for the first time.

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Quote from: barbara44 on September 14, 2021, 02:47:19 PM

Quote from: Shasha80 on September 12, 2021, 06:49:48 PM

~

Everyone who is into crypto knows that the future of crypto is great. Sure it may not look great as of right now but the future is different than what happens currently. Remember we went as high as 20k and then dropped under 10k and stayed there for like nearly 2 years.

So, it is only normal that people are not really used to anything skyrocketing constantly, and the crashes are quite common. Yet even with that in mind, it is always a higher and higher price in the long years. You may have to be patient for a while, it is not always super high, but at the end one day it does go up and then doesn't go back under the previous low.

Remember 2014? The price peaked at 1400 at the time, ATH of the day, then crashed, then went to 20k in 2017 and never went under 1400, always stayed at 3k+ same here, our previous ATH was 20k, now it is around 64k, and it will not drop under 20k ever again.

Why is the popularity of Bitcoin getting higher, even a country like El Salvador is taking a very bold decision to make Bitcoin a legal tender.
That's all because more and more people are realizing that the future of Bitcoin is indeed great, Bitcoin has indeed experienced bad times
as you have described. But Bitcoin this year is different, I see the price of Bitcoin is going up and investors confidence is much stronger
in Bitcoin this year. So I also think this year Bitcoin will not drop below $20k again, after I see the demand for Bitcoin is quite high right now.
Even I dare to predict the price target of $ 70k is very likely to be achieved this year.

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Quote from: Sanitough on September 14, 2021, 04:43:51 PM

Quote from: newwest on September 14, 2021, 12:47:52 PM

50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

We can't say or conclude that cause anything may happen with the volatile nature of Bitcoin, we are all speculating with the current trend. Although it seems that the support still strong at $40K and the market is moving positively again.

It's about how you trust your knowledge and how will you follow your instinct when investing.
Nothing is certain, but for all those who believe there's nothing to worry, the value will increase back.
it's your target sell position that matters the most.

lixer

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Quote from: nelson4lov on September 14, 2021, 05:45:32 PM

I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.

Yeah, Q4 definitely is a period when bitcoin goes up, it is wildly known and I believe that the same thing will happen again. Not like bitcoin is something that is shy of skyrocketing neither, a 2x in under a month is not a rare thing for us. So, if next month we are 80k then I wouldn't be really surprised by it because that type of thing has happened in bitcoin before. Even if it is not exactly a 2x, just recently we have seen a bottom of 28k and then peak of 52k recently as well, that is "nearly" a 2x in under a month.

When you realize how easy that was, then you realize that then why wouldn't a 40k+ price suddenly become 80k as well in under a month? Obviously there is a good chance that it would not happen, but there is also a chance that it may happen as well.

Tessnik

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Bitcoin is showing strong resistance at the 47k level at the moment after the deep correction well we all saw how Bitcoin moved its presence from 19k to 64k in April this year, haven’t knowledge of how the cryptocurrency market work the fallback is not strange to me and it was expected as a way of bitcoin price corrections.

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Quote from: Sanitough on September 14, 2021, 04:43:51 PM

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

That fall was expecting at least for me. Since that epic fall to $28K, Bitcoin has been on the path to recovery and has done so in the last couple of weeks but I knew we'll have a pullback and a bit of retracement. I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.

Sanitough

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Quote from: newwest on September 14, 2021, 12:47:52 PM

50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

Silberman

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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.

And it is interesting that in such an important date the price of bitcoin went down, while some are seeing a conspiracy here I personally do not, this is just the whales taking advantage of the known behaviors of retail traders and taking their money with an ease that it is difficult to describe, now the price is below the 50k level and it seems we are going to fight the bears once again for the price to remain above it for long, but if this can be done and if the price remains there for at least a month I think a significant growth is inevitable at that point.

barbara44

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Quote from: Shasha80 on September 12, 2021, 06:49:48 PM

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.

Everyone who is into crypto knows that the future of crypto is great. Sure it may not look great as of right now but the future is different than what happens currently. Remember we went as high as 20k and then dropped under 10k and stayed there for like nearly 2 years.

So, it is only normal that people are not really used to anything skyrocketing constantly, and the crashes are quite common. Yet even with that in mind, it is always a higher and higher price in the long years. You may have to be patient for a while, it is not always super high, but at the end one day it does go up and then doesn't go back under the previous low.

Remember 2014? The price peaked at 1400 at the time, ATH of the day, then crashed, then went to 20k in 2017 and never went under 1400, always stayed at 3k+ same here, our previous ATH was 20k, now it is around 64k, and it will not drop under 20k ever again.

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Quote from: Pamadar on September 13, 2021, 05:40:38 PM

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.

If we could have bitcoin transactions at under 25 cents, and make it 1-10 second thing, then get it accepted everywhere with the help of some companies that distributed methods of accepting via tablets and phones, can you imagine people still using credit cards? I mean think about it, we are using machines right now for payments, but in reality mobile phones can do anything those machines can do, a simple QR code reading and you can be ready to pay, this technology exists right now and not even a new one.

Put bitcoin in that world (which it already is) with under 25 cents transaction fee plus very quick transactions and you got yourself the best payment method all around the world. If everyone is using bitcoin that means they do not have to sell and get fiat neither, everyone can start using it and not sell it, hence the price could be millions of dollars very easily.

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50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

We are still heading to that direction. Believe me just because we had a flat tire along the way doesn't mean that the road is over. We are just going to stop, pull over, go get the new tire out the back, switch the flat one with the new one, put the old flat one back, and then keep on driving. That's how you do, just roll over your sleeves and work hard and eventually you will get to your goal. Nothing in life that is worth doing, is easy, if it is worth doing then it is going to be hard.

There will always be obstacles in your life that will try to set you back from your goal, it will never be easy unless you come from some super wealthy family, and that means we are going to live through some horrible periods and maybe sometimes not even reach our goal, but at least we would know that we gave it our best. Bitcoin may look like dropping, but I can guarantee you, one day it will be 70k, or even 700k, it is just matter of time, we just don't know when.

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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.

Wawa2013

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Quote from: Hippocrypto on September 10, 2021, 05:55:17 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.

Hopefully that predictions won't fail, because as of the moment the downfall caused a lot of fears particular with new comers. Most of these people are not traders, some of them just join crypto by influence with the trend not really on how they learn about it. It's beneficial for a certain person that they should study first before they venture into something they don't have proper awareness.

Although the prediction of Bitcoin reaching a price of $70k failed to happen, it didn't make me panic and consider Bitcoin a failure. I will keep holding
my Bitcoins until I reach my desired target no matter what. Sometimes we forget that the price of Bitcoin is very volatile, which makes Bitcoin quite
difficult to predict. Especially with so many newbies joining without learning Bitcoin first, the current situation will make them panic. Because as you
said it is very important to learn Bitcoin first, before deciding to invest in Bitcoin that they do not understand.

Hippocrypto

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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.

Hopefully that predictions won't fail, because as of the moment the downfall caused a lot of fears particular with new comers. Most of these people are not traders, some of them just join crypto by influence with the trend not really on how they learn about it. It's beneficial for a certain person that they should study first before they venture into something they don't have proper awareness.

Tessnik

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Quote from: ?? on ??

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 September.

A huge drop of 7.29 % on the last 7 days I don't think it's on target for $70k, why hurry there are no signals that say Bitcoin could land $70k this month, El Salvador is not contributing to the hype or pump the market, the most that the price could get is $60k and we should be happy at that because another all-time by then is within reach.

I will not want to undermine bitcoin capabilities to reach that 70k because just as the market drops within a second so it can get pumped too, but a little resistance at some level just hoping the market recovers back to 50k by the weekend.

ultrloa

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Quote from: ?? on ??

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.

A huge drop of 7.29 % on the last 7 days I don't think it's on target for $70k, why hurry there are no signals that say Bitcoin could land $70k this month, El Salvador is not contributing to the hype or pump the market, the most that the price could get is $60k and we should be happy at that because another all-time by then is within reach.

Well maybe the news about El Salvador didn't affect to create hype but what good thing happened there is bitcoin already got strong foundation as it was already supported by government on one part of the world, for now we can't see any movement but for sure this will add the fuel of adoption in future so for sure we can see a bigger effect on it once other country will also adopt bitcoin to.

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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.

Might be too early for that bullishness.
If you base your bullish prediction with the El Salvador news, I'm afraid it doesn't make any significant impact to the Bitcoin's price. We have all have witnessed a few months ago when the El Salvador first announces that they are accepting Bitcoin as a legal tender and it was all over the news in the internet and even the television, and everyone is expecting another bullrun, but it didn't happen.

As usual, Bitcoin currently pulled back down to $46,000, which kinda normal market movement. So, I guess $70,000 target might not be broken in the coming months.

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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.

let's hope that before the end of this month, the bitcoin price can rise to close to $70k. So far, and earlier this month too, I was thinking the same thing, that bitcoin price could hit $60k or more by the end of September. unfortunately, the price dropped, and it even touched $43k before finally rising back up to the $45k price. some price analysts say that if conditions improve, the bitcoin price could return to $50k, and shoot up to $60k. however, if the dump continues, we will most likely approach the price below $40k. let's hope there's something good at the end of this month

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Quote from: ?? on ??

It's likely to happen, I mean there's lots of stuff that can go on in the market and we're nearing December this year and we all know that the prices starts pumping during this months and it's the last quarter of the month and we could see good times in this last quarter, hopefully.

Hopefully we don't see anything change in December because as you've said, December is a really good month for crypto ever since but I wouldn't hold on too much on that part.

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Quote from: poldanmig on September 10, 2021, 04:07:28 AM

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.

The price of bitcoin bitcoin in recent days has experienced a significant decline, whereas previously the bitcoin price had managed to break through the $52K price resistance and I also believe t the end of september the price could reach $70K, but unfortunately the sentiment was good when El Salvador who started adopting bitcoin was unable to made the price go up and even now the bitcoin price has dropped back to the price of $ 46K and I don't understand what caused the decline to occur, even though el salvador is a country in central America that became the first country to adoption bitcoin as a legal tender, what is it? no impact on bitcoin at all?

It's because the El Salvadorian government give their people worth $30 of bitcoin it's not that this people are going to invest. So forget about El Salvador for now, I highly doubt that they are the reason for the flash crash. And with the price sitting at $46k, good indication that it has settled down at this price. But it's weekend so expect little trading volume. And let the market trade sideways for the meantime so that we can see more investors entering at this good price.

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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.

The price of bitcoin bitcoin in recent days has experienced a significant decline, whereas previously the bitcoin price had managed to break through the $52K price resistance and I also believe t the end of september the price could reach $70K, but unfortunately the sentiment was good when El Salvador who started adopting bitcoin was unable to made the price go up and even now the bitcoin price has dropped back to the price of $ 46K and I don't understand what caused the decline to occur, even though el salvador is a country in central America that became the first country to adoption bitcoin as a legal tender, what is it? no impact on bitcoin at all?

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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 also expect Bitcoin to reach up to 70k$ but if we put basis on the current market situation, i think it will not reach 70k$ at the end of this month, maybe end of October or first week of november is the best prediction. But we still need to listen to the upcoming news sometimes good news or bad news can have a direct effect on the current market situation.

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Quote from: Tessnik on September 09, 2021, 01:09:54 AM

Quote from: traderethereum on September 09, 2021, 12:59:00 AM

With what happens to bitcoin now, it seems to reach $70,000 need more time unless big pumps are coming to the market before 20th September so the price can still increase and hit $70,000.
Hopefully, the price will be back to up to $50,000 in the middle of this month so the price will have a chance to reach $70,000.
But if that is about in the future, bitcoin price can increase to more than $70,000, no matter if that will happen before the end of the month.
You do not have to worry about the price. Just enjoy the ride while you have a chance to buy bitcoin at the current price.

The Tuesday dump happened not only to the bitcoin market alone, in fact, but almost all the cryptocurrencies market were also affected by it.

It's obvious that when bitcoin dumps, the rest of the altcoin market follow suit, so it is more evident on the recent flash crash we have last Tuesday.

Quote from: Tessnik on September 09, 2021, 01:09:54 AM

Am not worried about the price at all since am knowledgeable in crypto market volatility but what about those from El Salvador who just bought some Bitcoin on Monday and the price went down up to 10% what consolation advice can we offer them at this member as they newbies and have no knowledge and experience at the moment?

Simple, HODL and don't sell your bitcoin right away, yes it went down, but if you have patience, it can go back to $50k again and even higher before the end of 2021. So it's not consolidation advice, its the best advice. Maybe they want to experience bitcoin, but for those El Salvadorian who have been in crypto sphere, I doubt that they sell it right away when the price is going down.

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Quote from: Tessnik on September 09, 2021, 01:09:54 AM

Quote from: traderethereum on September 09, 2021, 12:59:00 AM

With what happens to bitcoin now, it seems to reach $70,000 need more time unless big pumps are coming to the market before 20th September so the price can still increase and hit $70,000.
Hopefully, the price will be back to up to $50,000 in the middle of this month so the price will have a chance to reach $70,000.
But if that is about in the future, bitcoin price can increase to more than $70,000, no matter if that will happen before the end of the month.
You do not have to worry about the price. Just enjoy the ride while you have a chance to buy bitcoin at the current price.

The Tuesday dump happened not only to the bitcoin market alone, in fact, but almost all the cryptocurrencies market were also affected by it.

Am not worried about the price at all since am knowledgeable in crypto market volatility but what about those from El Salvador who just bought some Bitcoin on Monday and the price went down up to 10% what consolation advice can we offer them at this member as they newbies and have no knowledge and experience at the moment?

Hopefully, people from El Salvador are not afraid or worry about the dump and will buy more at a low price.
Yes, it is about how they can stay calm with the dump moment that happens in crypto and not panics but using that moment to accumulating more amount.
The crypto market can be like this until the middle of this month as the market seems to be not moving higher or lower and only sustain on that level price.
But I am sure the situation will change as soon as possible so we only need to wait for a while.

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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.

Sorry to disappoint you mate but this is what stands bitcoin now https://coinmarketcap.com/currencies/bitcoin/

badly staying struggling to stay in 50k longer than 2 days so your expectation wasn't that good to expect.

Quote from: ?? on ??

It's likely to happen, I mean there's lots of stuff that can go on in the market and we're nearing December this year and we all know that the prices starts pumping during this months and it's the last quarter of the month and we could see good times in this last quarter, hopefully.

yeah this may happen in the following time but not as close like what OP is seeking .

there are so many chance to climb high but it does not going to 70k this soon.

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Quote from: traderethereum on September 09, 2021, 12:59:00 AM

With what happens to bitcoin now, it seems to reach $70,000 need more time unless big pumps are coming to the market before 20th September so the price can still increase and hit $70,000.
Hopefully, the price will be back to up to $50,000 in the middle of this month so the price will have a chance to reach $70,000.
But if that is about in the future, bitcoin price can increase to more than $70,000, no matter if that will happen before the end of the month.
You do not have to worry about the price. Just enjoy the ride while you have a chance to buy bitcoin at the current price.

The Tuesday dump happened not only to the bitcoin market alone, in fact, but almost all the cryptocurrencies market were also affected by it.

Am not worried about the price at all since am knowledgeable in crypto market volatility but what about those from El Salvador who just bought some Bitcoin on Monday and the price went down up to 10% what consolation advice can we offer them at this member as they newbies and have no knowledge and experience at the moment?

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Quote from: jossiel on September 07, 2021, 11:18:45 AM

Will it be?

After sitting for a couple of days above $50k then it surprisingly dropped to $46k. That's a lot of discount for those who are waiting for it to drop somehow.

But with the possibility of heading to $70k, it's huge with this correction, recovery has to happen and it might go back with a higher price.

The correction that occurred due to the skewed issue that occurred in the bitcoin market, the issue was deliberately created because they did not like the attitude of the state of el salvador which made bitcoin a legal tender. Having managed to reach the price of $50k few days ago, now bitcoin is back down at $46k, the decline that occurs gives a little variety for investor to get bitcoin at a slightly cheaper price, and of course they hope bitcoin will reach its highest level before the turn of the year.

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With what happens to bitcoin now, it seems to reach $70,000 need more time unless big pumps are coming to the market before 20th September so the price can still increase and hit $70,000.
Hopefully, the price will be back to up to $50,000 in the middle of this month so the price will have a chance to reach $70,000.
But if that is about in the future, bitcoin price can increase to more than $70,000, no matter if that will happen before the end of the month.
You do not have to worry about the price. Just enjoy the ride while you have a chance to buy bitcoin at the current price.

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Quote from: el kaka22 on September 08, 2021, 12:49:49 PM

It was all whales that ended up selling together in worths of billions of dollars and now they are panicking because people are not selling like they imagined we would. Now they will have to buy from us and we are not selling which means that they would have to buy it more expensive than they sold which would make it go up a lot higher, so 70k is definitely possible.

But it will be difficult to achieve this in September, right?

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.

The OP predicts that $70K will be hit before september ends, I don't think it would be very real if bitcoin wasn't affected by a lot of demand. Fundamentals may continue to strengthen given increasing adoption in some countries, but without strong demand from traders and institutional investors, it will be difficult to hit this $70K before the end of September. In the future it can still be done, but less than 1 month it will be difficult in my opinion.

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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.

Highly doubtful.

I think that we're probably going to hang around the $40k-50k corridor for a while until we finally get some upward momentum going with something other than El Salvador. El Salvador's adoption of BTC has long been priced into the markets.

Don't overleverage yourself thinking that you can time the market - we just saw what happens when people get overconfident like that.

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The price of BTC has been very volatile for the last two days, many were betting that it would reach $ 55k, but from one moment to another it fell more than 12%, at the moment it is around $46k, the technical indices give the following according to cointelegraph:

Quote

the bulls will try to push the price above the 20-day exponential moving average ($48,216). If they succeed, the BTC/USDT pair could again rise to $52,920 but the bears are unlikely to give up easily.

Source: https://cointelegraph.com/news/price-analysis-9-8-btc-eth-ada-bnb-xrp-sol-doge-dot-uni-bch

For now many are waiting for the price to continue falling, but the opposite always happens, I think that most are waiting for the price at $ 40k but, it is likely that the next step to $ 55k, I think that $ 70k is likely, although the scenario shows for now that it is difficult.

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Quote from: bots1 on September 08, 2021, 07:54:19 AM

Bitcoin is preparing for significant gains, to $70,000 in december 2021 instead of september. Technical indicators show the rally is continuing towards $70,000 and beyond. One of them is the Ascending Triangle, a bullish continuation pattern which is currently in the process of an upward breakout movement.

I hope you were right about that because Bitcoin tends to bend the rules of following the line sometimes and that makes it very difficult to expect to happen. But let's just wait and see that this $70k at least would ever be touched by the end of the year or before the year ends.

Whales might be altering the results again with their market manipulation and that would be a hell of a factor that we need to face since they tend to earn much more profit than us who is holding. But whatever if they sold then someone must hodl it for them and wait till the right time comes to sell.

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Just because the price dumped doesn't mean that it will not go up to 70k. It could have dumps along the way and still reach to 70k level as well. That is what I believe is happening, all those whales that sold to crash the price will have to eventually collect those bitcoins back and when they do that the price will skyrocket. Regular people are not selling right now, a drop that happened inside of 10 minutes is not because of retail investors, nobody gets together that quickly and sell it as a community.

It was all whales that ended up selling together in worths of billions of dollars and now they are panicking because people are not selling like they imagined we would. Now they will have to buy from us and we are not selling which means that they would have to buy it more expensive than they sold which would make it go up a lot higher, so 70k is definitely possible.

SquallLeonhart

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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 have to say that El Salvador is not the main reason that the current price is high. I mean think about it, El Salvador did not even added as much to bitcoin as just one microstrategy, and I am not even talking about the other parts of it. This is why I have to say that it is obvious we are having a general increase in price not because of El Salvador, but because of many other things.

This causes bitcoin to be diversified in the reasons why it is going up as well, if one reason is absent then other reasons take over and do it for bitcoin, hence why I believe that we should not be really too judgmental when it comes to reasons why it went up. Main idea comes down to "people buying bitcoin" because when the demand is higher than the supply, price goes up.

bots1

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Bitcoin is preparing for significant gains, to $70,000 in december 2021 instead of september. Technical indicators show the rally is continuing towards $70,000 and beyond. One of them is the Ascending Triangle, a bullish continuation pattern which is currently in the process of an upward breakout movement.

jakdanyel

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kycfree

It seems like we will see $70k in September in only our dreams. Grin

The price has fallen down very sharply and it is barely trying to recover from the $46k level now. Most of us dreamed that the price would set a new all-time-high level late September or in October. But this unexpected and incredibly fast decrease shocked us. Sometimes we were seeing price corrections but they were not this serious. I wonder until when the price will continue to struggle.

DU18

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Quote from: Kittygalore on September 08, 2021, 12:46:37 AM

Quote from: huu78 on September 07, 2021, 06:06:01 PM

I agree. Rhis will be a correction for the next bigger bulls. seeing what's happening now it's shocking, I've lost quite a lot for Future trade.
And this makes me have to increase the amount of btc that I will hold until the end of the year. I'm sure it will be green again soon.

Don't continue trading if the day is pretty bad, remember to always try and make sure that you're collected, calm amd chill when doing important decisions plus you should as much as possible, avoid futures, a lot of people are losing money in that thing if they're not in any way can manipulate the market.

trading futures under these circumstances, of course it would be very risky to lose money in the market, I personally prefer spot trading for now and spread my portfolio on several cryptos with different price orders now, I think now the market situation is quite deteriorating and Of course, we have to be patient and calm in making every decision in trading, so it's better for us to take a break and hope the market will get better soon Grin

.

asrinur

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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 this month is difficult if the bitcoin price reaches $70,000. Looking at the movement in these two days, it seems that at the moment the bears are building momentum. As the Relative Strength Index remains around the 50 level, BTC could find critical support at $45,000 and below in the near term.

STT

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70k by year end is still possible, its just going to take a little diversion meanwhile. Build a long ladder, you are going to need to reinforce the steps some on the way up, all part of the process. I'm grateful for us not just going straight up as I just dont have to money to invest infinitely. I think correct markets revise prices often to add confirmation and confidence via volume, it also helps more people be involved. We may go as low as 39k in this sell, I think thats quite reasonable but it wont negate higher prices later.

Kittygalore

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Quote from: huu78 on September 07, 2021, 06:06:01 PM

I agree. Rhis will be a correction for the next bigger bulls. seeing what's happening now it's shocking, I've lost quite a lot for Future trade.
And this makes me have to increase the amount of btc that I will hold until the end of the year. I'm sure it will be green again soon.

Don't continue trading if the day is pretty bad, remember to always try and make sure that you're collected, calm amd chill when doing important decisions plus you should as much as possible, avoid futures, a lot of people are losing money in that thing if they're not in any way can manipulate the market.

Tessnik

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Quote from: Johnyz on September 07, 2021, 05:40:16 PM

Unfortunately, the price dumps that much today and nobody sees this one since the good news from El Salvador started today so many are anticipating for the price to go up, well this is how the whales work and let's see if we can recover again this or this will take more months before we stay above $50k and used that as the new support level, for now I wont panic.

The dump happened not only to bitcoin alone but almost every other cryptocurrency in the market suffered from this sudden crash in price I don’t at resulted in this but am certain Bitcoin will recover in the long run but the chances of it getting to $70k are still viable before the end of the month. Some analysts are even predicting a 100k price this month.

bitterguy28

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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.

but what now that the price of bitcoin goes back to 46k ? is this what stable price you can call lol. this september alone bitcoin literally hard to maintain that 50k value. though it is reachable but maintaining does not.

Quote

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

with this movement ? kindly check the graph

https://coinmarketcap.com/currencies/bitcoin/

and then tell us about the 70k this month alone.

arwin100

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Quote from: ?? on ??

Quote from: Johnyz on September 07, 2021, 05:40:16 PM

Unfortunately, the price dumps that much today and nobody sees this one since the good news from El Salvador started today so many are anticipating for the price to go up, well this is how the whales work and let's see if we can recover again this or this will take more months before we stay above $50k and used that as the new support level, for now I wont panic.

Not surprisingly, after rising to prices above $50k, Bitcoin is now down 10% in a day, because Bitcoin is very volatile. I think the current decline
in Bitcoin price is because some investors are taking profit, therefore the price has decreased. But there is no need to panic seeing the Bitcoin
price now at $46k, because I believe Bitcoin will recover again in the near future.

Not only that there are big fuds came which makes people panic that's why many traders now are taking there profits early and that triggers the dump but for sure we can see greenlight after this things fade then good news will follow, and I'm also sure that whales will take their positions again so its good to stand by then do buy backs when we see huge order came to supports bitcoin bullish moments again.

huu78

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I agree. Rhis will be a correction for the next bigger bulls. seeing what's happening now it's shocking, I've lost quite a lot for Future trade.
And this makes me have to increase the amount of btc that I will hold until the end of the year. I'm sure it will be green again soon.

Johnyz

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Unfortunately, the price dumps that much today and nobody sees this one since the good news from El Salvador started today so many are anticipating for the price to go up, well this is how the whales work and let's see if we can recover again this or this will take more months before we stay above $50k and used that as the new support level, for now I wont panic.

proudhon

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Quote

Bitcoin Heading to $70,000

Doesn't look like it to me.

ILuckyGuyI

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It looks like Bitcoin is not heading to $70k or even $60k now. Grin

To be honest, I had zero expectation from Bitcoin price to fall this much down. It literally shocked me. Thankfully, the price stopped falling when it reached $43k. If we saw a level below $40k again, it would have been even harder to witness it recovering. I wonder whether this would be a preparation phase for the next bull market. We will find out later I guess.

btc_angela

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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.

Not so fast, as the market plummeted, or shall we say another flash crash to $43k after the El Salvador news. So your prediction of $70k might wait for a bit.

So far the price stood @$46k, so obviously, below the big mental barrier of $50k. Nevertheless, time to buy bitcoin again specially if you think that the price can hit $70k or even more at the end of the year. So this is golden opportunity and don't look at the crash as something negative, take advantage of it.

KennyR

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People have got an opportunity to make a buy/invest on few of the top cryptocurrencies. Right now the market seems to be under correction. For the next few days time we can expect the price of bitcoin to stay above $40k and below $45k. As $65k is already reached, $70k isn't far apart. Based on the positive news around relative to bitcoin we can expect bull trend on the market, by which $70k gets crossed.

Sanitough

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Quote from: tomahawk9 on September 07, 2021, 10:57:35 AM

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

the way bitcoin have retained it stand around 50k is a momentum signal

momentum aaaaand its gone...we're below 50k now, currently sitting at 46.9k...what's this signal called? Roll Eyes

It's called manipulation, and I'm not certain if bitcoin will continue its uptrend as that major sell up really cause some big panic.

Quote from: tomahawk9 on September 07, 2021, 10:57:35 AM

Quote from: tokeweed on September 07, 2021, 09:45:31 AM

The uptrend has been jinxed. I blame this thread! Lolol. Cheesy

... Anyway, does anybody know any news or what’s going on or is it just the trading god wanting to torture us again. Everything is red atm.. Except for of few alts which will be red soon.

whales trying to fuck with the news about El Salvador making btc legal tender today? *takes off his tin foil hat* but seriously, it's certainly not a coincedence. Biggest price drop in months. This sucks, ffs!!

Don't be surprised, just one of the ordinary days in crypto, we've seen in the past already, so there's no reason for us to be surprised again.
That's what Whales can do, and if we think it will not happen again, we should think twice.

Now, the next movement is very crucial.

pealr12

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Quote from: tokeweed on September 07, 2021, 09:45:31 AM

The uptrend has been jinxed. I blame this thread! Lolol. Cheesy

... Anyway, does anybody know any news or what’s going on or is it just the trading god wanting to torture us again. Everything is red atm.. Except for of few alts which will be red soon.

Edit: Open BTC chart and listen to this: https://www.youtube.com/watch?v=tFWy17DCqBo

Definitely got jinxed, lol, I don't know if we are already facing the correction everyone speaks about, I was hoping with the El Salvador btc adoption news that the market will be extremely bullish but it is a bit confusing to see a slight crash instead of a pump, perhaps the whales are at it again.

jossiel

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Will it be?

After sitting for a couple of days above $50k then it surprisingly dropped to $46k. That's a lot of discount for those who are waiting for it to drop somehow.

But with the possibility of heading to $70k, it's huge with this correction, recovery has to happen and it might go back with a higher price.

tomahawk9

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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

momentum aaaaand its gone...we're below 50k now, currently sitting at 46.9k...what's this signal called? Roll Eyes

Quote from: tokeweed on September 07, 2021, 09:45:31 AM

The uptrend has been jinxed. I blame this thread! Lolol. Cheesy

... Anyway, does anybody know any news or what’s going on or is it just the trading god wanting to torture us again. Everything is red atm.. Except for of few alts which will be red soon.

whales trying to fuck with the news about El Salvador making btc legal tender today? *takes off his tin foil hat* but seriously, it's certainly not a coincedence. Biggest price drop in months. This sucks, ffs!!

rincoeng1986

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Quote from: GeorgeJohn on September 07, 2021, 10:25:23 AM

Quote from: MrcMrc on September 07, 2021, 08:47:04 AM

The possibility of Bitcoin reaching 70k at the end of September is not there, if you study the market closely you discover that after every 10k price increase there is always a long time of resistance and even possible price corrections downward before it will gradually pick again. I don’t see Bitcoin making that much gain in September I predict a more stable market throughout this month.

People just feel like to discuss or portray anything they feel like to discuss, because at early today bitcoin was at range of fifty thousand (50k) but later bitcoin went back to forty four thousand (44k) but right now bitcoin is at forty six thousand (6k) so base on the movement of bitcoin it's not predictable, you might see btc climb to seventy thousand as people are emphasising but within a minute it goes back to something you can't expect or believe, so their is no assurance of increment or domination.

yes right, in one minute bitcoin can go down is very impractical. from $52k bitcoin back to $44k. how can we predict if bitcoin can penetrate $70k at the end of september. need a lot of fuel to get through $70k in the next 25 days. I don't think it's possible to break $70k at the end of September, because market conditions are very fragile and difficult to predict.

AmoreJaz

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Quote from: fortunecrypto on September 07, 2021, 10:13:27 AM

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.

Anyone and everyone can predict but prediction should be based on how the market moves $70k is quite unrealistic based on how the market moves and September is a weak months based on market history, we're lucky if it reaches $60k checking the price now
$47,892.64 7.25% down by 7.25% but I expect it to regain and bridge the $50k level again.

and as we speak, it is now down again to $45737 according to coindesk's price. after hitting more than 50k for few days, we are now going back again. so heading to 70k? i dont think so as well. but you know in this market, after everything we've been thru, market direction sometimes surprises us with unexpected twists and turns. 70k may happen but imo, not yet this month. we need to achieve the 60k level again and for that to happen we need more tangible news related to btc.

GeorgeJohn

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Quote from: MrcMrc on September 07, 2021, 08:47:04 AM

The possibility of Bitcoin reaching 70k at the end of September is not there, if you study the market closely you discover that after every 10k price increase there is always a long time of resistance and even possible price corrections downward before it will gradually pick again. I don’t see Bitcoin making that much gain in September I predict a more stable market throughout this month.

People just feel like to discuss or portray anything they feel like to discuss, because at early today bitcoin was at range of fifty thousand (50k) but later bitcoin went back to forty four thousand (44k) but right now bitcoin is at forty six thousand (6k) so base on the movement of bitcoin it's not predictable, you might see btc climb to seventy thousand as people are emphasising but within a minute it goes back to something you can't expect or believe, so their is no assurance of increment or domination.

fortunecrypto

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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.

Anyone and everyone can predict but prediction should be based on how the market moves $70k is quite unrealistic based on how the market moves and September is a weak months based on market history, we're lucky if it reaches $60k checking the price now
$47,892.64 7.25% down by 7.25% but I expect it to regain and bridge the $50k level again.

tokeweed

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The uptrend has been jinxed. I blame this thread! Lolol. Cheesy

... Anyway, does anybody know any news or what’s going on or is it just the trading god wanting to torture us again. Everything is red atm.. Except for of few alts which will be red soon.

Edit: Open BTC chart and listen to this: https://www.youtube.com/watch?v=tFWy17DCqBo

MrcMrc

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The possibility of Bitcoin reaching 70k at the end of September is not there, if you study the market closely you discover that after every 10k price increase there is always a long time of resistance and even possible price corrections downward before it will gradually pick again. I don’t see Bitcoin making that much gain in September I predict a more stable market throughout this month.

Spack17

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It seems not very possible for me to witness $70k level until the end of this month. Bitcoin will have a difficulty in breaking the resistance levels as there is still no bull run. People will have a big role at this point also. Because as demand increases, it effects the price to be able to break resistance levels one by one also. My highest expectation from this month is to see $60k. It would still be okay for me as we are still not in a bull market.

mk4

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Oh god the bull posts are back.

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.

Wiwo

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Even though Bitcoin is unpredictable but reaching $70k within a month can be hard to be achieved that is almost 20k gained within that time frame. 60k Bitcoin price is still achievable but not 70.

Pulsar77

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Breaking the $50k resistance again was absolutely a signal for Bitcoin price to start going up again. And here we are seeing it! The price reached nearly $53k in the last 24 hours. If this pace goes on, maybe in one week at worst, we will see the $55k level. And at the end of the month, I think that the $60k level is quite achievable considering the recent movements. In October, we may see a new ATH first and a bull run after that I believe. After the bull run starts, the price can even reach $100k target late December.

Tessnik

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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.

Topic: Bitcoin Heading to $70,000 (Read 581 times)