Bitcoin metrics “INSANELY BULLISH”! Can the King go to 200K or more this cycle?

Silberman

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Quote from: EdenHazard on October 31, 2021, 01:39:21 PM

Quote from: savetheFORUM on October 31, 2021, 12:44:09 PM

Quote from: jostorres on October 30, 2021, 04:42:49 PM

We are not really having "struggle" to reach $70k, we are just not going there yet and that's it.
I believe that we are doing fine, I mean expecting bitcoin to keep doing something amazing every single day is not something that I could support all that much, it is something that people should not be focusing on all the time.

That's not a struggle, it is just a point where we did not cross yet and that's it, not something we can't cross or try and fail, we are just happy with what we have and that is why we are not trying hard enough. Believe me when the time comes we are going to reach to 200k as well, just like how we broke over 50k so easily recently and once before during spring, 100k will be broken just like that, and 200k will be too. All we need is to wait for sellers to leave, each time we go up there are more people willing to take their profit and leave, after that buyers will manage to get it higher.

Dont be too optimistic , prepare for the plan b as nobody knows that those huge balance on the fund manager company could bored and withdraw it anytime or playing with the market altogether along with other whale that triggered . moreover we are facing christmas & new year in the next couple of weeks .. people often spend it for a temporary leisure or for some luxury shit.

prepare for some real hard correction like we used to , im bullish with you guys but for the current time , it must be a huge correction in the upcoming weeks for sure.

This is the way to go about this, I also expect the price of bitcoin to go up at the end of the year and I think it is possible the bull run extends to 2022, however we also need to think about what we should do in the case our prediction is wrong and bitcoin does not do that, many are just long term holders and as such they will just keep holding their coins in the case of a correction, but if you are a trader you need to keep your eyes open as we know that the corrections in the market can happen at an amazing speed and if you do not have a stop loss by the time you realize what is happening then you will sell when the price has decreased by a significant amount.

Coin_trader

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Quote from: slaman29 on November 01, 2021, 10:53:13 AM

Quote from: dezoel on November 01, 2021, 05:58:29 AM

1. China is asking public opinion to reopen crypto mining.

Personally I think this would be the most impactful news of all.

Yes, Tesla, and ETF and legal tender but those are good news that has already come, and just comes on top of all the first time already.

If China backtracks on their decision, it will be the first time China news is nonFUD and then the rest of the world for sure cannot sit down and allow them to go full Bitcoin. This will change everything.

The statement above about China asking public opinion about unbanning crypto is just a mere speculation by random guy on twitter. The Chinese Government some article about there position crypto mining but it do not that they are asking the public opinion if they will unban it or not. China is committed to reduce carbon emissions in there country and Bitcoin mining is contributing a lot on this so they obviously will not allow it since they can't manipulate it.

You can check this article https://decrypt.co/84386/china-reverse-bitcoin-mining-ban-whats-really-going-on?amp=1 for more info and for clear view on this issue.

slaman29

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Quote from: dezoel on November 01, 2021, 05:58:29 AM

1. China is asking public opinion to reopen crypto mining.

Personally I think this would be the most impactful news of all.

Yes, Tesla, and ETF and legal tender but those are good news that has already come, and just comes on top of all the first time already.

If China backtracks on their decision, it will be the first time China news is nonFUD and then the rest of the world for sure cannot sit down and allow them to go full Bitcoin. This will change everything.

batang_bitcoin

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Quote from: RealMalatesta on November 01, 2021, 12:00:22 AM

Quote from: batang_bitcoin on October 31, 2021, 02:52:32 PM

I'm enjoying the ride and will be more optimistic if the market goes to the way that we don't like to but has to happen which is the bear market.

Yeah bear market is inevitable as the same bulls are the core factors to trigger it; profit booking must be the first reason for bearish trend. So, regardless of how much positive we are while bullish trend, we tend to act to exit which is basic human nature to protect the profits. So, how intensively being bullish right now may not be insignificant when people psychologically getting ready to exit; this is the reason round numbers are acting like strongest support or resistance levels.

It's like folding and expanding and it has to happen because we've been used to the market. We're aware of what's next and which is which. Took some profits already and I'm happy that even it's not the peak, it's already good on my end that I have to do it so that I don't miss taking profits if the wheel doesn't go along with what we want and that's the continuous bull run. But good things comes to an end and with a cycle just like the market for bitcoin.

dezoel

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Quote from: beerlover on October 26, 2021, 01:50:55 PM

I just wonder what are the possibilities for the current bullish rally to end without having an FOMO phase? If that will be possible then we may fail to touch $100k itself with this current rally. When everyone was expecting a bearish trend in January then everyone may remain cautious which again will end the trend of understood cycle.

You need to consider the positive news happening all over the world to speculate the possibility of not having an FOMO phase with this ongoing bull run.

1. China is asking public opinion to reopen crypto mining.
2. At least 3 countries has showed interest to declare bitcoin as a legal tender.
3. Bitcoin ETF is about hit the live market.
4. Tesla getting 2 big orders and Musk may invest another billion into bitcoin at any time.
(He is the richest as of now hence we need to watch him out closely).
5. In my local newspaper I am frequently seeing crypto exchange's ads. (In last one month, 2 of my old friends called me to ask what is bitcoin).

So everyone is talking about bitcoins hence we will have FOMO for sure this time as well. Moreover, I am positive on taking bull run into 2022. This way ATH may happen by 2nd quarter of 2022.

buwaytress

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Quote from: Baofeng on November 01, 2021, 04:52:51 AM

Quote from: buwaytress on October 27, 2021, 04:12:05 AM

That's something I've been thinking of. Anyone new to the space reads or is told that Bitcoin comes and goes in cycles, extreme and spending little time near the peak. So they see 2021 as the peak. But as I said, this looks like anything but the 2013 and 2017 cycles -- if they're paying attention. Fundamentals have never been so strong, network elements never been so stable, individual influence never so negligible (hence why it will require concerted whale effort to bring the required momentum for mid-2022 rally extension.

You know what? I've been thinking about the same scenario, since bitcoin's narrative has change in 2020-2021, why not the cycle that we've used to? Maybe it's no longer a 4 year cycle that will end in 2021 and then early quarter of 2022, the first sign of bearish cycle will appear.

Maybe in mid-2022 the price will be so strong based on so many reasons that the 4 year cycle will be broken and we might see 2 waves of bullish run up to the end of 2022.

I'm sure there must be people already considering this possibility and I'm sure analytics are digging up new trends, but yes, it already looks a very different season and cycle. I remember last November quite well, so it's already a year now we're heading into of strangely lit sentiment. I remember December particularly well, that's when we reacquainted with 20k -- and if conventional cycle wisdom held, we'd already be on our way down now from a parabolic high culminating in a single sheer peak. We've just only left behind a second, higher peak in this run. Anything but a textbook cycle we're in now. All bets are off.

Baofeng

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Quote from: buwaytress on October 27, 2021, 04:12:05 AM

Quote from: beerlover on October 26, 2021, 01:50:55 PM

Anything could happen. But, when most people start being cautious then no one could hold the market. I mean all the investors who had watched bitcoin markets by 2013 and 2017, definitely will look for bearish market from January 2022 which means they may not add new bitcoin to their portfolio. So, when market sentiment turns then understood cycle will persist.

Only whales could take the current bullish trend till mid of next year. They need to trigger FOMO to make individual investors to help them.

That's something I've been thinking of. Anyone new to the space reads or is told that Bitcoin comes and goes in cycles, extreme and spending little time near the peak. So they see 2021 as the peak. But as I said, this looks like anything but the 2013 and 2017 cycles -- if they're paying attention. Fundamentals have never been so strong, network elements never been so stable, individual influence never so negligible (hence why it will require concerted whale effort to bring the required momentum for mid-2022 rally extension.

You know what? I've been thinking about the same scenario, since bitcoin's narrative has change in 2020-2021, why not the cycle that we've used to? Maybe it's no longer a 4 year cycle that will end in 2021 and then early quarter of 2022, the first sign of bearish cycle will appear.

Maybe in mid-2022 the price will be so strong based on so many reasons that the 4 year cycle will be broken and we might see 2 waves of bullish run up to the end of 2022.

RealMalatesta

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Quote from: batang_bitcoin on October 31, 2021, 02:52:32 PM

I'm enjoying the ride and will be more optimistic if the market goes to the way that we don't like to but has to happen which is the bear market.

Yeah bear market is inevitable as the same bulls are the core factors to trigger it; profit booking must be the first reason for bearish trend. So, regardless of how much positive we are while bullish trend, we tend to act to exit which is basic human nature to protect the profits. So, how intensively being bullish right now may not be insignificant when people psychologically getting ready to exit; this is the reason round numbers are acting like strongest support or resistance levels.

Quote from: EdenHazard on October 31, 2021, 01:39:21 PM

prepare for some real hard correction like we used to , im bullish with you guys but for the current time , it must be a huge correction in the upcoming weeks for sure.

I read that even long term holders are speculating about bear markets in near future which means they may profit book some 5 to 10% of their holding to maximize the number of bitcoin holding. So, preparing anything like that will benefit ourselves to make use of bearish trend as well.

batang_bitcoin

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Quote from: EdenHazard on October 31, 2021, 01:39:21 PM

prepare for some real hard correction like we used to , im bullish with you guys but for the current time , it must be a huge correction in the upcoming weeks for sure.

I'm also bullish but I'm aware that anything can be turned unexpectedly. But whatever happens, I'm enjoying the ride and will be more optimistic if the market goes to the way that we don't like to but has to happen which is the bear market. We haven't seen the peak of this bull run that we've been expecting to reach as high as $100k-$150k. And when it does, then the expectation of the bear market would really come to everyone and there are does that doubts it to happen, the peak of this cycle.

EdenHazard

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Quote from: savetheFORUM on October 31, 2021, 12:44:09 PM

Quote from: jostorres on October 30, 2021, 04:42:49 PM

We are not really having "struggle" to reach $70k, we are just not going there yet and that's it.
I believe that we are doing fine, I mean expecting bitcoin to keep doing something amazing every single day is not something that I could support all that much, it is something that people should not be focusing on all the time.

That's not a struggle, it is just a point where we did not cross yet and that's it, not something we can't cross or try and fail, we are just happy with what we have and that is why we are not trying hard enough. Believe me when the time comes we are going to reach to 200k as well, just like how we broke over 50k so easily recently and once before during spring, 100k will be broken just like that, and 200k will be too. All we need is to wait for sellers to leave, each time we go up there are more people willing to take their profit and leave, after that buyers will manage to get it higher.

Dont be too optimistic , prepare for the plan b as nobody knows that those huge balance on the fund manager company could bored and withdraw it anytime or playing with the market altogether along with other whale that triggered . moreover we are facing christmas & new year in the next couple of weeks .. people often spend it for a temporary leisure or for some luxury shit.

prepare for some real hard correction like we used to , im bullish with you guys but for the current time , it must be a huge correction in the upcoming weeks for sure.

savetheFORUM

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Quote from: jostorres on October 30, 2021, 04:42:49 PM

We are not really having "struggle" to reach $70k, we are just not going there yet and that's it.
I believe that we are doing fine, I mean expecting bitcoin to keep doing something amazing every single day is not something that I could support all that much, it is something that people should not be focusing on all the time.

That's not a struggle, it is just a point where we did not cross yet and that's it, not something we can't cross or try and fail, we are just happy with what we have and that is why we are not trying hard enough. Believe me when the time comes we are going to reach to 200k as well, just like how we broke over 50k so easily recently and once before during spring, 100k will be broken just like that, and 200k will be too. All we need is to wait for sellers to leave, each time we go up there are more people willing to take their profit and leave, after that buyers will manage to get it higher.

jostorres

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Quote from: Taskford on October 30, 2021, 08:04:31 AM

So much unrealistic since imagine this bitcoin struggle to reach $70k how much more if we talk about that $200k figure, And for those people who keep predicting about that maybe they show make things slower in terms of hoping to much since they will miss those golden opportunity what bitcoin can offer now. It will be more ideal to predict the $100k dollar first on when this events will happen before we talk about larget than that.

We are not really having "struggle" to reach $70k, we are just not going there yet and that's it.
I believe that we are doing fine, I mean expecting bitcoin to keep doing something amazing every single day is not something that I could support all that much, it is something that people should not be focusing on all the time.

Certainly yes, it went up, but we went from 30k price to 60k+ price already, why require 70k as well? So, people seems keep speculating and also expecting market to obey such all speculations. Let's wait and watch what will happen by year end.

Taskford

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Quote from: Quidat on October 29, 2021, 06:18:15 PM

Quote from: Poker Player on October 27, 2021, 12:48:23 AM

Quote from: Hamphser on October 26, 2021, 05:44:34 PM

200k is is attainable if you do ask me which is way more better than to those people who had been crying out for million a coin
which is already too unrealistic.

Probably attainable, the question is how likely it is. You never know with Bitcoin, and it looks like the best is yet to come this year but $200k I see as too bullish. Maybe if the bull run stretches well into 2022, as some predictions point to, we will hit that figure, but if we peak in December I doubt it will be as high as $200k.

Reaching 200k in price isnt a 2-3 years old kind of talk and would rather even be more longer if the market tends to be that tough when it
comes on breaking those resistances.It wont really be that simple for sure but talking about potential then we can really tell that it could really happen basing on the achievements and milestones on where bitcoin did able to reach out.As a crypto enthusiast then it would be much more better if you do know on how to utilize price movements in a short span of time and take profits rather than
stressing yourself going for long term.

So much unrealistic since imagine this bitcoin struggle to reach $70k how much more if we talk about that $200k figure, And for those people who keep predicting about that maybe they show make things slower in terms of hoping to much since they will miss those golden opportunity what bitcoin can offer now. It will be more ideal to predict the $100k dollar first on when this events will happen before we talk about larget than that.

Woodie

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The first time we hit $65k to register our all time high I really thought the momentum was there to go over $100k not until the east absorbed most of these gains by banning most crypto activities like bitcoin mining which sent shivers in the crypto ecosystem but now we back where we left from after a couple of months and the current predictions aren't far fetched. With one or two market players getting on board markets will really rally upwards quite fast but not this cycle unfortunately.

Quidat

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Quote from: Poker Player on October 27, 2021, 12:48:23 AM

Quote from: Hamphser on October 26, 2021, 05:44:34 PM

200k is is attainable if you do ask me which is way more better than to those people who had been crying out for million a coin
which is already too unrealistic.

Probably attainable, the question is how likely it is. You never know with Bitcoin, and it looks like the best is yet to come this year but $200k I see as too bullish. Maybe if the bull run stretches well into 2022, as some predictions point to, we will hit that figure, but if we peak in December I doubt it will be as high as $200k.

Reaching 200k in price isnt a 2-3 years old kind of talk and would rather even be more longer if the market tends to be that tough when it
comes on breaking those resistances.It wont really be that simple for sure but talking about potential then we can really tell that it could really happen basing on the achievements and milestones on where bitcoin did able to reach out.As a crypto enthusiast then it would be much more better if you do know on how to utilize price movements in a short span of time and take profits rather than
stressing yourself going for long term.

Silberman

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Quote from: adaseb on October 27, 2021, 09:41:20 PM

It’s hard to say which way we will go. On one hand it’s good that we broke ATH however the break was very weak. Usually when we break ATH we surge 20% in a day or so. Clearly this isn’t the case right now.

We also are almost down $10K from the highs and the bounces are week. I think we might go all the way down to $53k which is the pivot that we made last month. That has a better chance of holding and we might retest ATH again and if we don’t break it then, it’s most likely the top for a while.

It is not as easy to do that anymore as the price of bitcoin now is really high and not a lot of time has passed between the current all time high and the previous all time high, so there was not as much excitement compared to what we saw when finally bitcoin was able to break its all time high of 20k, still I think 6 figures will to be reached during this year and it will be interesting to know if we barely touch that level or if we leave it behind by a large margin.

yhiaali3

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All indicators and analyzes indicate that this bullish role for Bitcoin will be excitingly crazy, but I will not go into excessive optimism and do not expect the price of Bitcoin to reach 200K$ before the end of this year!!! Yes I expect that it is very possible to hack 100K$ before the end of the year but not more than that because this sounds crazy!!! But anyway, I'm sure we'll see 200K$ in 2022.
But what I’m also curious about is if this bullish bitcoin scenario materializes what will be the case for altcoin, we have seen how major altcoins such as ETH, BNB, ADA, TRX, XRP and others made significant historical peaks at the previous bitcoin high, so it will be very interesting to know the peaks What can altcoin reach in conjunction with the bitcoin peak?

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Quote from: pooya87 on October 29, 2021, 02:00:46 AM

I still stand behind my initial speculation of $400k+ based on previous cycles considering that the cycles are 4 years long an the first 3 years of this cycle was the exact copy of the previous one with the 4th year being pretty similar but with a longer correction phase after each ATH was reached.

I second your speculation of $400k as I foresee the possibilities. The probable difference of ongoing bull run from previous ones must be longer duration as bulls got more supporters now than ever before. It means bears might need to wait more to get into action (time to time corrections are negligible and I am just referring the bulls which are capable of getting us new ATH).

Even current market is not roaring like "insanely bullish" bears are seeming powerless to beat bulls. Most people are expecting $100 in next 2 months but they may get trapped to regret when market will storm to $200 in very short period of time and then doubling from $200k may happen in first and second quarter of 2022.

Dave1

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Quote from: pooya87 on October 29, 2021, 02:00:46 AM

I still stand behind my initial speculation of $400k+ based on previous cycles considering that the cycles are 4 years long an the first 3 years of this cycle was the exact copy of the previous one with the 4th year being pretty similar but with a longer correction phase after each ATH was reached.

Right now with the Taproot upgrade coming and the price already on the rise with the new ATH set a couple of days ago, everything is looking good for surpassing $100k. Although I still think that the new bubble at $400k+ is going to take place next year most probably in first quarter.

I think the Taproot will be the catalyst next month for that $100k that everyone is expecting to see. So if everything repeats itself like 2017, then maybe around March-May we might see the bubble being burst for this cycle and it's going to be hard for those who haven't seen the bubble in 2017 and they might be in another rude awaking just like the majority of us here we are a total noob (including me), in 2018 and thinking that the price could still go on parabolic to $50k that time.

pooya87

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I still stand behind my initial speculation of $400k+ based on previous cycles considering that the cycles are 4 years long an the first 3 years of this cycle was the exact copy of the previous one with the 4th year being pretty similar but with a longer correction phase after each ATH was reached.

Right now with the Taproot upgrade coming and the price already on the rise with the new ATH set a couple of days ago, everything is looking good for surpassing $100k. Although I still think that the new bubble at $400k+ is going to take place next year most probably in first quarter.

Topic: Bitcoin metrics “INSANELY BULLISH”! Can the King go to 200K or more this cycle? (Read 356 times)