Anyone can speculate on this market, but the difference is how each user is acting on such speculation. The price may reach as high as 72k, but how many do you think are already accumulating some satoshis to prepare for the potential rise?
It could be said that there are a lot of people because now people who believe in Bitcoin have started to increase since the price increase again at the beginning of this year until now. So I think there are already many people who are prepared to wait for another $72K price by continuing to buy and collect Bitcoin in this price correction condition. Because price increases are always triggered by the large demand and supply that continues to occur in the market, so there is a lot of speculation that is always born in conditions like today. 
Topic: Could 72K USD be the peak for this bull run? - page 2. (Read 670 times)
legendary
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We also know that $72k is not the peak of it, we have seen throughout the years on how the market move in post-halving. And it takes weeks before we can actually see some movement. So just be patience and for sure the last quarter will be a big surprised to us.
Based on history and if things repeat themselves, $72k is just the start for bitcoin and not the final peak for this bull season. But this year we saw bitcoin create an ATH before the halving and this has never happened before, because this made many people think that things are changing and history will not repeat itself. What do you think about this? And they have reason to think about the scenario of $72k being the ATH for this bull season.
Personally, I still hope and believe that bull season hasn't really come yet, everything has just begun but maybe we will have to wait longer than we think before bull season comes.
If $72k is the ATH of this bull season then this will be the most boring bull season we have ever had and I predict many people will leave the market if this actually happens.
Could 72K USD be the peak for this bull run?
No one knows for sure and accurately what the highest point will be for the price of Bitcoin this year. In terms of speculation, perhaps we will find various speculations that can be seen from Bitcoin expert observers, overall I think the current price of Bitcoin will not increase again, perhaps ending at $72k or $75k.Outside if we look at the predictions and speculation for the price of Bitcoin, it's scary, some say $150k to $500k for this year, so I will give up speculating on the price of Bitcoin this year, I will surrender to what I see and I will enjoy it all whatever the highest price is.
Anyone can speculate on this market, but the difference is how each user is acting on such speculation. The price may reach as high as 72k, but how many do you think are already accumulating some satoshis to prepare for the potential rise?
And it also show the difference between smart investors and those who fomo, I mean for those smart, they don't complain when the price goes down or decline. They simply accumulate as many as they can. It doesn't mean that it's just for whales though, even the average joe in us, could also do it, like following DCA.
We also know that $72k is not the peak of it, we have seen throughout the years on how the market move in post-halving. And it takes weeks before we can actually see some movement. So just be patience and for sure the last quarter will be a big surprised to us.
Could 72K USD be the peak for this bull run?
No one knows for sure and accurately what the highest point will be for the price of Bitcoin this year. In terms of speculation, perhaps we will find various speculations that can be seen from Bitcoin expert observers, overall I think the current price of Bitcoin will not increase again, perhaps ending at $72k or $75k.Outside if we look at the predictions and speculation for the price of Bitcoin, it's scary, some say $150k to $500k for this year, so I will give up speculating on the price of Bitcoin this year, I will surrender to what I see and I will enjoy it all whatever the highest price is.
Anyone can speculate on this market, but the difference is how each user is acting on such speculation. The price may reach as high as 72k, but how many do you think are already accumulating some satoshis to prepare for the potential rise?
Today bitcoin price decreasing to $65k and I am not really sure with bitcoin break out in short term around $72k, last several days ago bitcoin almost break out above $72k but its too difficult before bitcoin going down and today become more lower price of bitcoin in last one week. However always optimistic with bitcoin will break to higher price but recently still at the downtrend moment make us need more longer time waiting for bitcoin get recovery back to higher price.
Exactly, I understand the fact that the price of Bitcoin is not controlled by anybody and therefore what must be, must be no matter the high speculation and expections of investors.
True, bitcoin never can't control by any one and less expected to make bitcoin downtrend or uptrend moment based on their decision, difference with altcoin most of holding on developer hands make it easily for them controlling price dump and pump when selling on huge amount supply at the developer or owner controlling. 
Hello All,
Hope everyone is well!
Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.
Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.
Thanks everyone!
Hope everyone is well!
Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.
Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.
Thanks everyone!
That's a low target, people are eyeing $120k to be an easy target for them this bull run because we are only in the second month after the halving event so far, and there is still a long way ahead of us. The next couple of years will be crucial for Bitcoin because we will see surprises in them, and those surprises can be both positive and negative. However, the whole market is optimistic for a second phase of the bull run because we haven't seen its full force yet.
For me, I believe that even if there isn't as much movement as we are all expecting, it will still go above $80k pretty easily because we have already seen it getting to $73k to set a milestone for this season but it doesn't seem to be the end of the bull season yet, there is a layer of it remaining and we are going to see that.
I do agree with this, we are looking at something that could have a wildly different approach and a great return without a doubt, I think we should not really consider the situation to be different anytime soon. I do get that we are going to see something changing, just not thinking that it would be all that simple, we should consider this as something that will take a while.For me, I believe that even if there isn't as much movement as we are all expecting, it will still go above $80k pretty easily because we have already seen it getting to $73k to set a milestone for this season but it doesn't seem to be the end of the bull season yet, there is a layer of it remaining and we are going to see that.
I believe that 80k+ could happen after the summer and not during, but I am not sure about it of course, it is not going to be something that we can known beforehand, maybe we will reach 80k and that could be great, but if we can't then I would not be shocked about it neither, it is going to be quite normal if it fails to go above 80k during this summer.
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$76k can not be price peak of Bitcoin for the bull season. In the past months, there have been many predictions that Bitcoin will get to $80k+ before the end of this year which we are not certain of the price but definitely Bitcoin will go above $80k before the bear market will start. The price peak for Bitcoin will likely be reached by next year and the price might even reach $100k. But I doubt that Bitcoin's price peak will only end at $76k. If it does, that means during the bear season, the price will drop to $30k.
Many people predict and expect, that doesn't mean bitcoin will move and reach that price to please everyone. After all, it's all just investors' predictions and expectations, we can't know how bitcoin will behave in the future. Maybe there will be no bull season and $73k could also be the ATH of this bull season, or things are just starting, no one knows what will happen next.
Well, I didn't say that whatever price investors speculate about Bitcoin, it must definitely come through. If you read my statement, I said that no one can certainly tell the price that Bitcoin will reach. We are only speculative about price but don't know what the future can turn out to be.
I know you also have your opinion and expectations for the Bitcoin price, but I really doubt that the all-time high for the season is going to be the $73k that you said. Don't forget that the bull season is not yet over and we still have long months to cover.
But anything can happen and we shouldn't rule out that scenario because we don't know what's going on. Besides expectation and hope which is the only thing we have, we have no evidence that guarantees that history will repeat itself.
That's actually my opinion which I believe can be archived before the bear market but that doesn't mean the because I have thought so, that's how it's going to be. There's a saying that "in the crypto market and price movement of Bitcoin and other crypto, nothing is impossible. " I am so much aware that Bitcoin price can go contrary to our predictions.
Exactly, I understand the fact that the price of Bitcoin is not controlled by anybody and therefore what must be, must be no matter the high speculation and expections of investors.
Could 72K USD be the peak for this bull run?
No one knows for sure and accurately what the highest point will be for the price of Bitcoin this year. In terms of speculation, perhaps we will find various speculations that can be seen from Bitcoin expert observers, overall I think the current price of Bitcoin will not increase again, perhaps ending at $72k or $75k.Outside if we look at the predictions and speculation for the price of Bitcoin, it's scary, some say $150k to $500k for this year, so I will give up speculating on the price of Bitcoin this year, I will surrender to what I see and I will enjoy it all whatever the highest price is.
I'll answer you because you're a newbie. I don't support or engage in Bitcoin price predictions, but I'm confident that 72k is just the beginning of the bull market. The timing and extent of the price surge are always unexpected and unpredictable. Therefore, make investment decisions independently and without being influenced by social media sentiments
After this year's halving, Bitcoin movements are much more difficult to predict, and indeed $72K may not be the end of Bitcoin price this year. Some speculations out there still believe that there will be a super megacycle with an target of $100K. But personally, I still put 50% on believing that if it happens at the end of 2024 or early 2025. There's no harm in preparing yourself thinly by taking advantage of the decline that occurs, consistent accumulation is still wort it to do. 
$76k can not be price peak of Bitcoin for the bull season. In the past months, there have been many predictions that Bitcoin will get to $80k+ before the end of this year which we are not certain of the price but definitely Bitcoin will go above $80k before the bear market will start. The price peak for Bitcoin will likely be reached by next year and the price might even reach $100k. But I doubt that Bitcoin's price peak will only end at $76k. If it does, that means during the bear season, the price will drop to $30k.
Many people predict and expect, that doesn't mean bitcoin will move and reach that price to please everyone. After all, it's all just investors' predictions and expectations, we can't know how bitcoin will behave in the future. Maybe there will be no bull season and $73k could also be the ATH of this bull season, or things are just starting, no one knows what will happen next.
Well, I didn't say that whatever price investors speculate about Bitcoin, it must definitely come through. If you read my statement, I said that no one can certainly tell the price that Bitcoin will reach. We are only speculative about price but don't know what the future can turn out to be.
I know you also have your opinion and expectations for the Bitcoin price, but I really doubt that the all-time high for the season is going to be the $73k that you said. Don't forget that the bull season is not yet over and we still have long months to cover.
As a bitcoin investor, you and I, everyone, hope that the bull season hasn't even arrived let alone that it's over and we're in the distribution phase. But anything can happen and we shouldn't rule out that scenario because we don't know what's going on. Besides expectation and hope which is the only thing we have, we have no evidence that guarantees that history will repeat itself. And what I want to say is that we should always prepare ourselves with backup plans, don't be too subjective that history will always repeat itself without a plan B. We all know that bitcoin is unpredictable and the market is extremely harsh, so always be a proactive investor.
That's a low target, people are eyeing $120k to be an easy target for them this bull run because we are only in the second month after the halving event so far, and there is still a long way ahead of us. The next couple of years will be crucial for Bitcoin because we will see surprises in them, and those surprises can be both positive and negative. However, the whole market is optimistic for a second phase of the bull run because we haven't seen its full force yet.
For me, I believe that even if there isn't as much movement as we are all expecting, it will still go above $80k pretty easily because we have already seen it getting to $73k to set a milestone for this season but it doesn't seem to be the end of the bull season yet, there is a layer of it remaining and we are going to see that.
For me, I believe that even if there isn't as much movement as we are all expecting, it will still go above $80k pretty easily because we have already seen it getting to $73k to set a milestone for this season but it doesn't seem to be the end of the bull season yet, there is a layer of it remaining and we are going to see that.
As long as we don’t see big whales selling their coins, bitcoin price won’t experience a big crash again.
Yes, I agree the big whale or you can say the huge holders are the ones who protect the current value of Bitcoin and helps it to grow overtime. The day to day traders and others low amount investors can't really cause dips in the price of Bitcoin. Bitcoin dipped badly to around $66k value today and I believe such dips are normal before a new ATH. Bitcoin's price always go through correction and if next ATH forms somehow then again we may see a correction after that.
Just a little bounce to $68k, but for $72k after halving, it's too small to call it the peak of the bull run. And it's too early to judge it as we are still in the middle of the year and there could be some news that will affect the price positively.
And just to follow up on what you said, June seems to be not so good month post halving. As maybe investors are not that interested or just simply waiting for some big movement and then FOMO and then we will see new ATH at the end of the year.
$76k can not be price peak of Bitcoin for the bull season. In the past months, there have been many predictions that Bitcoin will get to $80k+ before the end of this year which we are not certain of the price but definitely Bitcoin will go above $80k before the bear market will start. The price peak for Bitcoin will likely be reached by next year and the price might even reach $100k. But I doubt that Bitcoin's price peak will only end at $76k. If it does, that means during the bear season, the price will drop to $30k.
Many people predict and expect, that doesn't mean bitcoin will move and reach that price to please everyone. After all, it's all just investors' predictions and expectations, we can't know how bitcoin will behave in the future. Maybe there will be no bull season and $73k could also be the ATH of this bull season, or things are just starting, no one knows what will happen next. Since the market has had the participation of ETFs, things have become even more unpredictable and there is no guarantee that history will repeat itself. So always prepare yourself with a plan B if a bad scenario happens instead of being too subjective and thinking that history will always repeat itself.
But on the contrary, wherever you see a post or comment on the entire internet, it will be seen that Bitcoin is just about to touch 100 and is about to reach $150k, but no one has exactly said that yes, if Bitcoin can go up, it can go down as well and that has also been proven in the past.
As long as we don’t see big whales selling their coins, bitcoin price won’t experience a big crash again.
Yes, I agree the big whale or you can say the huge holders are the ones who protect the current value of Bitcoin and helps it to grow overtime. The day to day traders and others low amount investors can't really cause dips in the price of Bitcoin. Bitcoin dipped badly to around $66k value today and I believe such dips are normal before a new ATH. Bitcoin's price always go through correction and if next ATH forms somehow then again we may see a correction after that.
72k was in effect a local top recently, we didnt touch it but in May and June so far thats acted as a ceiling. We were closing out positive on the weekly bar and that was ironically positive despite a sell on Friday however this week start has not been good so far.
What happened today was a pullback to the 50 day average, fairly serious as a serious medium term measure of momentum. Thats been the low for now and we are challenging the 12hr average to recover some of todays losses. Basically its going to take the rest of this month to wind up and attempt higher if BTC should prove strong enough at this time.
I dont expect an immediate bounce back but thats not for me to call, BTC is so volatile it can sell and come right back at times. Normal progress would have us recover weekly average incrementally recovery.
Prior to this sell we have a pattern ascending lows since May start, that might be compromised now. BTC remains superior to late April BTC price action. Ideally this sell is a blip and BTC trades back above 69k in the forth coming days.
What happened today was a pullback to the 50 day average, fairly serious as a serious medium term measure of momentum. Thats been the low for now and we are challenging the 12hr average to recover some of todays losses. Basically its going to take the rest of this month to wind up and attempt higher if BTC should prove strong enough at this time.
I dont expect an immediate bounce back but thats not for me to call, BTC is so volatile it can sell and come right back at times. Normal progress would have us recover weekly average incrementally recovery.
Prior to this sell we have a pattern ascending lows since May start, that might be compromised now. BTC remains superior to late April BTC price action. Ideally this sell is a blip and BTC trades back above 69k in the forth coming days.
$72K is not a peak, it is simply one of the price values within this bull market. There is little doubt that Bitcoin will reach $10,000 this year, 2024. This is too significant a number for many. Even if you are interested in investing in altcoins, you can use Bitcoin as an indicator. Bitcoin will almost certainly reach $100,000 and will most likely go down briefly to test the demand for the previous ATH. In general, only the most harmonious graphics should be used as indicators. Bitcoin's chart is harmonious only on a large time frame (candle size - 1 week and 1 month).
Could 72K USD be the peak for this bull run?
No. Because the price of 73,777 USD has occurred in March.
Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.
We are waiting for 100,000 USD and have the potential to be achieved. 76K USD is a very possible price. The difference with the price of 73K USD is very close if observed the movement of Bitcoin 69k USD to 73K USD.
100,000 USD is a very reasonable price if awaited even though the market is always not in an easy position to be predicted as it is today, from the price of 70,195 USD down to 67,284.
It always takes time to shoot up to the moon but the said rally is inevitable. This time is no different either, the rise will come. The only difference is that nowadays the global economy is in a bad shape (specifically recession wise) and it is slowing down the start of the rally. But that won't last long either.
So the answer is no, $72k-$73k is not the peak and it will be broken sooner or later as the momentum grows in strength.
P.S. With some interest rate cuts (since the recession is getting worse and there are so many elections coming up) we can see inflation rise and with it the sell pressure bitcoin experiences could go down which would lead to the big rise we've been waiting for.
So the answer is no, $72k-$73k is not the peak and it will be broken sooner or later as the momentum grows in strength.
P.S. With some interest rate cuts (since the recession is getting worse and there are so many elections coming up) we can see inflation rise and with it the sell pressure bitcoin experiences could go down which would lead to the big rise we've been waiting for.
Will "x" amount be ever reached is always a question that people keep asking, and I never truly understand the way it works, I mean of course it will be reached, why wouldn't it be? I do not get the whole point, it just doesn't make sense to me and I think the best way to go about this would be always thinking Yes, nothing more.
I believe that we are going to end up with 76 without a trouble, that is literally nothing, it shouldn't be an issue for anyone ever. I believe that we are going to end up with a 80 as well, and with 100 too, and with 200 too. These are all just timing related questions, one will be quicker, the other will not be so quick but we are going to end up with them anyway, that is the most important part.
I believe that we are going to end up with 76 without a trouble, that is literally nothing, it shouldn't be an issue for anyone ever. I believe that we are going to end up with a 80 as well, and with 100 too, and with 200 too. These are all just timing related questions, one will be quicker, the other will not be so quick but we are going to end up with them anyway, that is the most important part.
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