Could BTC be aiming for 80k this year?

JeffBrad12

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Quote from: SquirrelJulietGarden on October 03, 2024, 10:08:46 PM

Bitcoin is Bitcoin, I disagree to call it as GOLD bitcoin.

my bad right there, forgot to put a comma, what I meant is people migrating their investment to gold out of fear of the war, seeing from the recent gold chart where it might seem as if BTC dumping while gold just keep going up.

Quote from: SquirrelJulietGarden on October 03, 2024, 10:08:46 PM

what will be your prediction for this cycle?

I'm going to be moderate this time around, institutional investor getting into BTC is a good news, but remember they could always dump at peak, just like Tesla. maybe 1.5x makes a lot of sense.

SquirrelJulietGarden

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Quote from: JeffBrad12 on October 03, 2024, 10:01:26 PM

as long as there is fewer bad news coming out that could put fear upon the market and forcing retailer to choose less risky option such as GOLD bitcoin could definitely hit $80k.

Bitcoin is Bitcoin, I disagree to call it as GOLD bitcoin.

Quote

we might see a clue if somehow there's a huge reversal after clearing the longs, market right now always targeting long positions and trying to liquidate them, I guess the side effect of BTC future market having massive amount of money traded.
but since we are still early in october anyway, the narrative of uptober still can't be considered invalid, we can be having big reversal in the middle of the month nobody know, everyone was also pessimistic previous month when BTC dumped again but the end of month BTC instead closing above $60k.

We only can know about the past but can not know about future.

The past market cycles can give us some information that we can use for market predictions in this cycle but all predictions are not correct.
Bitcoin price history

Past cycles with ROIs from ATH to ATH, is 36x, 17x, 3,5x, and what will be your prediction for this cycle?

I think it can be 1,5x to 2x and with these expected ROIs, my target prices will be from $100k to $140k.

JeffBrad12

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as long as there is fewer bad news coming out that could put fear upon the market and forcing retailer to choose less risky option such as GOLD, bitcoin could definitely hit $80k.

we might see a clue if somehow there's a huge reversal after clearing the longs, market right now always targeting long positions and trying to liquidate them, I guess the side effect of BTC future market having massive amount of money traded.
but since we are still early in october anyway, the narrative of uptober still can't be considered invalid, we can be having big reversal in the middle of the month nobody know, everyone was also pessimistic previous month when BTC dumped again but the end of month BTC instead closing above $60k.

_act_

legendary

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Quote from: Iranus on October 03, 2024, 10:34:54 AM

$80k is not a very high target for bitcoin but it is clear that achieving this goal is not as easy as we think.

When the time comes, you will see how easy it would be to achieve the $80000 goal. What I still always think about this time is that we should not let little bear market to deceives us. Bitcoin price will always still rise back above $60000 and may eventually increase above $70000 and $80000. All we need to do is to be patient as holders do. My speculation is that we can remain confident in bull market until the half of 2025 starts.

Natalim

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Quote from: DiagoRass on October 02, 2024, 07:57:50 AM

It's possible that BTC could aim for $80K, depending on market trends, investor sentiment, and macroeconomic factors. However, predicting exact price movements is speculative, and BTC's price is influenced by a variety of volatile factors.

Regardless of volatility, bitcoin always aims to reach this price or even further than that as that could mean another all time high for bitcoin. However, market sentiments and negative news might stop this from happening because they can instantly affect the market either short or long term. So if it weren't possible for this year, at least there's still next year that would give a lot of chances for bitcoin to reach that point. Patience is the key, that will eventually happen when the right time comes.

pawanjain

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We are already near $60k BTC price which is a good price for the next pump I belive.
Bitcoin has been holding well for last few months and I think it will be crossing $100k price soon.
If things are in favor of bitcoin then we will soon see the bitcoin pump in the upcoming months.

mindrust

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This year? Probably not. Russia is having a war with Ukraine, Israel is having a war with its neighbors, China is about to attack Taiwan, the US is having record high debt... I think a crash is more likely to happen. Then, there will be a massive bull run but first, the weak hands have to sell their coins to the whales. The whales won't start a bull run to make everybody rich. They start a bull run to make themselves rich. Sure, everyonce in a while some lucky fella becomes rich too but that happens only if you can stomach a huge crash. No pain, no gain. If you can't handle Taylor Swift at her worst, you don't deserve her at her best.

Hyphen(-)

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Quote from: DiagoRass on October 02, 2024, 07:57:50 AM

It's possible that BTC could aim for $80K, depending on market trends, investor sentiment, and macroeconomic factors. However, predicting exact price movements is speculative, and BTC's price is influenced by a variety of volatile factors.

What are you reasons for saying that BTC might hit $80k this year? You provided no reason to back what you have said and you are also saying it depends on all these factors you mentioned which is all what we are all looking at.
Right now, I don’t think we need to even focus on the price it will hit before the end of this year, we should focus on the amount we can be able to accumulate during this bear market or the dip. I am no more interested in knowing any reason why the price is going down because it has no use for me since I can’t stop it from going, I just have to be patient and buy it I have the money and look if I don’t have; all I believe in is that, Bitcoin will bounce back and score higher in future.

Iranus

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For this to happen, we need some positive catalyst like the war in the Middle East ending soon, the Federal Reserve continues to cut interest rates and the economy shows that it has really recovered and entered a new phase and finally the US election going smoothly. On the contrary, if the world situation continues to be unstable, I think that is very unlikely.

Many people still stubbornly believe that bitcoin is not affected by world news and events. But what happened in September with bitcoin's spike after the Fed cut interest rates, and the recent correction after news of a war between Iran and Israel. This further convinces me that bitcoin volatility will be tied to the world situation.

$80k is not a very high target for bitcoin but it is clear that achieving this goal is not as easy as we think.

Dr.Bitcoin_Strange

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Base on my prediction, I believe that Bitcoin could reach $80k between next month and December. The market can not correctly be predicted because of how quickly price can change due to some factors. Many people have predicted different price for Bitcoin but they were disappointed that the speculated price was not seen at the expected time.

jcojci

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Yes, that is possible for Bitcoin to reach $80k this year. But we don't know for sure as there are no sign or right prediction that saying Bitcoin will reach $80k in this X month. People even an experts can only predict based on what happen to the price but they can not know precisely. I am not worry about that because I believe Bitcoin will go to that price no matters I don't know when. I am sure that Bitcoin can be more than $80k in the future and what I need to do now is just keep accumulating as many Bitcoin as I can. That is also what you need to do to prepare for the bull run coming. No need to worry with Bitcoin situation now because it is only temporary and everything will be back normal soon.

Learn Bitcoin

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I believe this thread should be moved to the speculation board.
Back to the question, it is very much possible for BTC to reach 80K this year. We still have three more months, and it is enough time to be honest. All we need is some positive news on the market, and it is ready to set for 80K within a month. We can go down five thousand USD in a single day and it is also possible to go up more than a five thousand USD in a day. It will depends on investors confidence and they need some good reason to back to the Bitcoin market. We were at 66K just 48 hours ago and now we are at 60K again. Given the fact, Bitcoin is too volatile, I believe it is possible to reach 80K this year.

_act_

legendary

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I do not need to worry myself because I think beyond making profit this year. Next year is coming. As bitcoin was unable to continue bull run as October began, this will make the market not to be going bull side nor bear side for now. The market will likely be neutral. But before the end of this year, I believe bitcoin will increase more than $60000. And I am expecting over $100000 by next year. I do not have to be in haste. What I know is that bitcoin is going above $100000 before bear market will start. People do not need to be panic.

DiagoRass

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It's possible that BTC could aim for $80K, depending on market trends, investor sentiment, and macroeconomic factors. However, predicting exact price movements is speculative, and BTC's price is influenced by a variety of volatile factors.

Topic: Could BTC be aiming for 80k this year? (Read 111 times)