Could 72K USD be the peak for this bull run? - page 3.

mirakal

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Quote from: SamReomo on June 08, 2024, 03:24:15 PM

I will answer your question straightly, the Bitcoin could easily cross $72k this bull run and it may cross it within 2024. I believe we will get the highest value of this bull run during October-December 2025 and till then we should not worry about this bull run's peak.

It's just the middle of bull run and it will continue for many coming months. The bull run isn't intense yet but overtime you'll see huge intensity in this bull run and when that takes place then you'll see many altcoins pumping crazily within hours each day.

We are still at the early phase of bull run so obviously, there’s more a lot to come most especially when we hit this last quarter since everything with be likely visible if what could be the peak value this year. However, seeing the current price of bitcoin, we’re almost there reaching $72k and with more big news coming in the market, most likely we won’t stop with $72k and might go beyond $76k. As long as we don’t see big whales selling their coins, bitcoin price won’t experience a big crash again.

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Quote from: Marvell1 on June 10, 2024, 03:26:20 AM

Quote from: Dr.Bitcoin_Strange on June 09, 2024, 01:38:36 PM

$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.

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Quote from: Ascended_Intellect on June 07, 2024, 04:28:20 PM

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!

76 USD is just around the corner mate all we need to do is wait for sometime because this is attainable in any time sooner
and Am sure that this is coming this 3rd or 4th quarter and for those who does not know? bitcoin is still in the bull season as we have proven this since last year
and i trust bitcoin to hit 100k in the last quarter or are least early next year.

and asking about the peak ? we almost hit 73k right , so its not impossible that bitcoin may break 72k in the coming weeks before this june
ended.

Marvell1

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Quote from: Dr.Bitcoin_Strange on June 09, 2024, 01:38:36 PM

$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.

shinratensei_

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honestly with the massive success of Bitcoin ETF with inflow reaching record of billions dollar within just few months? i doubt $72k will be peak, also other countries starting to approve bitcoin ETF, not only hongkong that has approved it but also other countries too.
just see this great achievement

source
therefore based on that I can say that 72k usd being the current ath is pretty pessimistic, even historical chart shows that every bullrun there's certain percentage range that we should be achieving and currently we're just starting.

of course as many other said, any price is possible, its bitcoin after all, but i'm hoping that current price isn't really the peak.

Dr.Bitcoin_Strange

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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.

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Quote from: ololajulo on June 08, 2024, 04:54:46 PM

I also think the chart of the past years from coinmarketcap and coingecko can give clarity of the trend, this phase is a familiar. Take time to look at it as well

I also very often look at Bitcoin price charts every week and even every day to make a comparison of past prices with current prices. Because for now we can still say that the market trend and Bitcoin are still good enough and still appropriate enough for many people to take wise steps in buying more Bitcoin without doubting that the trend will change for the worse. Because the potential trend that continues to improve like now will continue this year, especially in Bitcoin and also in several other coins.

STT

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Its not the peak but its heavily challenged at every attempt upwards, this current move was/is a really good attempt. I do see it slowly slipping back and disappointing people, weekly close tomorrow will probably mean we dont do anything dramatic. Its only a case how disappointed will people be by this close, we have lost the 2 day and are about to lose the weekly average which puts us into a negative trend by my reckoning.

To call it now would be jumping the gun, its attempted upwards and pulled back. Its done this plenty before yet when we look where we are its right at the top again, all the prior setbacks did resolve upwards after some time. Just that alone could be the definition of a bull run, its sells but it recovers. Continually recovering upwards eventually has an increasingly larger amount of people involved hence its a bull run.

SmartGold01

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Hey man!
Any price is possible is just a matter of time.
Initially we didn't believe bitcoin could hit $73k so there are possibility for new price level to be achieved what just matter is that you should exercise patient and hold for long provided that you are not in a rush to sell off your holdings.

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Quote from: Ascended_Intellect on June 07, 2024, 04:28:20 PM

~snip~

Hmm, it's true on one hand but I need to elaborate a little bit more for people to understand it easily.

Anyway I am convinced that Bitcoin's bull run is not over, that is, 73k is not the peak of this bull run. According to me, this thing of yours is based on a none sense ideal foundation because not only from a technical point of view, but also fundamentally, there are many indication explorers who clearly say that Bitcoin can record a milestone price until next year.

Furthermore, if I dig a little deeper regarding the price, I find that the new ATH record that has happened recently is only because of institutional investors and ETF approval after Bitcoin Halving. Thus, if we analyze the pervious accurate data, it is known that there is a real bull run came after halving in 4 years which super boosts the price. So the current price has not surged as much as it used to happen after the previous halvings.

So, I believe that the Bitcoin price should surge further, above from 73k. 73k is not the peak of bull run, despite it the first step of a bull run after halving.... 150k/200k

DYOR!

ololajulo

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I also think the chart of the past years from coinmarketcap and coingecko can give clarity of the trend, this phase is a familiar. Take time to look at it as well

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Quote from: SamReomo on June 08, 2024, 03:24:15 PM

I will answer your question straightly, the Bitcoin could easily cross $72k this bull run and it may cross it within 2024. I believe we will get the highest value of this bull run during October-December 2025 and till then we should not worry about this bull run's peak.

It's just the middle of bull run and it will continue for many coming months. The bull run isn't intense yet but overtime you'll see huge intensity in this bull run and when that takes place then you'll see many altcoins pumping crazily within hours each day.

$72k will be an easy goal for bitcoin as it may possibly reach even after few days from now. But talking about $76k, most likely we will see this price after a month or two especially if bitcoin price becomes more volatile if ever price correction suddenly appears again.

However, this is still another pure guess and prediction as we can’t tell exactly what will be the next btc price movement. But one thing is certain, bitcoin will eventually reach its new all time high right before this bull run ends. No doubts with that.

SamReomo

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I will answer your question straightly, the Bitcoin could easily cross $72k this bull run and it may cross it within 2024. I believe we will get the highest value of this bull run during October-December 2025 and till then we should not worry about this bull run's peak.

It's just the middle of bull run and it will continue for many coming months. The bull run isn't intense yet but overtime you'll see huge intensity in this bull run and when that takes place then you'll see many altcoins pumping crazily within hours each day.

bluebit25

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Hey OP, So you look forward to the speculations and assumptions that you yourself mentioned ?

Quote from: Ascended_Intellect on April 01, 2024, 04:24:55 AM

Hello Everyone,

I hope you are all well, i'll keep this short.

What is your educated guess relating to the end of year BTC price?

My personal assumption is 70K GBP (88K USD / 82K EURO), I may be pessimistic with my assumption but the risk management side of myself sees this as achievable.

In all honesty i'm unsure on the talk surrounding 79K GBP (100K USD / 92K EURO)

The volatility of bitcoin or the fact that you have enough time to witness it after the next 10 years, 20 years, 50 years, 100 years...

I'm not sure what time limit your view on this cycle is, but perhaps if my thinking is correct, we are still just at the beginning of a strong price increase over the next 1 - 2 years according to.

electronicash

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i'm not sure if i am going to believe the bull run is over and bears are going to be taking over the market already while we just have the halving 2 months ago. and crypto holders are waiting for this halving effect that usually makes the market go wild bull run.

that's what i'm hoping for but who knows what could happen. maybe the institutions who have been buying up the BTC since 2024 will be dumping deliberately and start the bear market down which is crazy to think about because institutions on the other side of the world may seize the moment.

AnonBitCoiner

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Reaching 76k$ is not a difficult task for Bitcoin because it has already touched 73k$ which was also looking difficult before hitting such a price so I think we will soon see another ATH that will bring Bitcoin to the value more than 76k$ but we should wait for such a duration.

If 76k$ is reachable then it means that it is also not possible that 72k$ is the peak of this bull season therefore we should follow predictions and wait a little bit more if we want to see the huge success of Bitcoin. Actually the future of Bitcoin is not easily predicted so we can follow predictions for our future success.

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Quote from: Ascended_Intellect on June 07, 2024, 04:28:20 PM

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.
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Bitcoin is not stable and since we have realized about this fact concerning it, we should know well and understand what it's being meant when we are considering the market nature of a volatile digital currency like bitcoin, it will always be that we see it appearing this way in other for everyone interested onnthe network to find a means of entry and their own reasons for making profits as well, with the illustration from the example giben on the current market price, it can still be above the normal rate seen now as the network demands and supply remained, the value will also increases along.

kentrolla

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Definitely not, I am surely Bitcoin is just one pump away from breaking this barrier through it has struggle to cross to march towards $80k couple of times but that shouldn't be considered as a drawback but rather these are signals that Bitcoin is trying hard to break this stigma. I got your point where you are coming from because in the past once the ATH used to be breaches we users to see massive pump which didn't happen this time but it would eventually happen since this cycle is completely different from the previous ones.

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Quote from: Potato Chips on June 07, 2024, 05:09:46 PM

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD Grin

I'll sue you if it doesn't happen ha. I don't think Bitcoin has done anything near what it has in previous cycles. No crazy rush to the top, leaving everything else quivering in its wake.

Then again, no sudden devastating crash yet -- this is what I have been wating for. Think there 's a lot of gas yet from ETFs.

mich

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Well it is something we all want to know answer to that. And now we are less then 70 k for each coin but I think it will go back up fast.

For me I do think we are going to see a higher price then 72 k. Even if price is down now it is still a 'bull run' so there is alot of profit we can make if we hodl.

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