Future bitcoin price is high and low

Kemarit

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Quote from: Hypnosis00 on November 13, 2021, 09:27:14 AM

I'd expect more in the pumps than crashes. Now that adoption has been going strong will it serve as a warrant for the price to spike more, a double of its current prices seems big possible. The more establishments and online sites accept crypto as an alternative payment option, this could even make it so great and still bullish.

Unfortunately, we just have a crash, probably it's because of the Mt. Gox news or again, the China news about banning everything related to crypto including mining. So it went down to as low as $59,000.

Quote from: Hypnosis00 on November 13, 2021, 09:27:14 AM

Well, that can't be a hundred sure. However, the current situation could give us a positive view of what comes next, Corrections is still existed, even the FUDs but this makes no huge effect as the majority of the holders remain calms.

At least the market holds on it's support levels, maybe the holders remain calm, or the whales has taken this another golden opportunity to buy back cheap and discounted BTC price at $60,000. So let's see how long this correction will take, hopefully by the end of the week, we could be in the $65,000 range again.

btc_angela

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Quote from: Ziskinberg on November 13, 2021, 05:48:09 PM

Quote from: STT on November 13, 2021, 04:36:55 PM

The cycle doesnt normally have one bad year in the middle does it. Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things. I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

Well, can't just ignore such price declines but I'm hoping that it never goes that worse below $40k.
I speculated the market will make a bullish run next year after a huge correction possible in the 2nd quarter, the same it happens this year. But I consider this as preparation for a long bullish season again and making a new ATH. This is mostly it happens today, after a short dump, strong price uplift come next, that the same story and trend were able to see.

What can you say though about the current decline? Saw the price goes to $60k from $64k last night? It was one of the worst in recent weeks, not sure what is the reason of such decline, maybe just another profit taking at $64k-$65k or if there is a bad news recently that affected the downturn in 24 hours.

But I also consider this another correction, good for the majority so that they can enter at the dip and then wait for the price to increase again. Maybe this is the break out that we all have been waiting, although it is on the downside, still we can take this as another great opportunity to buy.

STT

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Here is a low we should keep if price is to stabilize and/or stop its losses. We'll see, it might be the results are determined in the wider market by selling there. Generally people will sell BTC to support assets held elsewhere if need be. Contraction is normal occurrence most months, I'm just speculating by how far do we pullback and anything above 50k remains setup for a future resumption upwards anyway.

Just a basic possible line of support I noticed going back some days to mid October when we had that bullish action in a row. First target past that is 57.5k

justdimin

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Quote from: buwaytress on November 12, 2021, 04:03:32 AM

We're talking about traders, not people in general. You can't call yourself a trader if you're a holder, it's almost exactly the opposite principle. Traders want to close positions as quickly as possible so they put their liquidity to work.

You're asking how we moved from 30k to 67k? From buyers, investors, retail and institutional, who want Bitcoin to own, not to trade.

Not hating on traders at all! Wish I could do it =) Just saying I'm certain most that do are selling (including myself, I use p2p platforms solely for selling, of course I only sell because I earn Bitcoin, so I wouldn't really call myself a trader but there you go).

I would say that even if you are purely a trader, and even a daily trader, I assume that "most" are not shorters if you ask me. I do not have the data to back this up, we need to know how many people bought and sold on the same day to know this, and how many of them were spot, leverage, margin or whatever and I do not have that data so I can't speak with certainty here.

However, I still assume that "most" usually means 50%+ and I doubt that 50%+ in this regard would be shorters. I am not saying that they are not plenty in that part of the world, even if we are talking about purely daily traders, I am sure that they are a lot but not most of the people. They are probably closer to 20-30% instead of 50%+ and that means they are still not most of the traders.

Ziskinberg

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Quote from: STT on November 13, 2021, 04:36:55 PM

The cycle doesnt normally have one bad year in the middle does it. Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things. I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

Well, can't just ignore such price declines but I'm hoping that it never goes that worse below $40k.
I speculated the market will make a bullish run next year after a huge correction possible in the 2nd quarter, the same it happens this year. But I consider this as preparation for a long bullish season again and making a new ATH. This is mostly it happens today, after a short dump, strong price uplift come next, that the same story and trend were able to see.

STT

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The cycle doesnt normally have one bad year in the middle does it. Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things. I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

jostorres

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Quote from: Moeda on November 12, 2021, 11:35:03 PM

Bitcoin price in 2022 will reach $100k, in 2023 Bitcoin price will drop, price between $35k to $50k. The end of 2024 bull run is back, and Bitcoin price will be between $150k to $200k. Maybe this is just my analysis based on Bitcoin guidelines from previous years.

I believe in the reverse. I believe that 2022 could be the bad year where we spend most of our time between 35-50 and then I believe 2023 could be the year we finally see 100k.

I am with you on the prices and the situation bitcoin is in, and almost everything else. I just believe one would happen before the other. Obviously we would have to wait and see and nobody really knows what is going to happen with crypto, maybe it will be doing great in 2022 AND 2023, or maybe it will not do good at all in both of them, we have no idea what is going to happen.

I just believe that after such a great year, it looks quite possible for us to decrease following this year, and increase again later.

Golftech

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Quote from: Hypnosis00 on November 13, 2021, 09:27:14 AM

I'd expect more in the pumps than crashes. Now that adoption has been going strong will it serve as a warrant for the price to spike more, a double of its current prices seems big possible. The more establishments and online sites accept crypto as an alternative payment option, this could even make it so great and still bullish.

Well, that can't be a hundred sure. However, the current situation could give us a positive view of what comes next, Corrections is still existed, even the FUDs but this makes no huge effect as the majority of the holders remain calms.

A short correction happened after that good pump. It's always possible to see that the market

will experience some crash as there are investors who managed to cash out some good amount

of profits and then they just going to wait for another opportunities to re-enter the market and

make a good rinse in making good money. Future is good, as we seen more adoptions that happen

and create more interest from newcomers.

Hypnosis00

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I'd expect more in the pumps than crashes. Now that adoption has been going strong will it serve as a warrant for the price to spike more, a double of its current prices seems big possible. The more establishments and online sites accept crypto as an alternative payment option, this could even make it so great and still bullish.

Well, that can't be a hundred sure. However, the current situation could give us a positive view of what comes next, Corrections is still existed, even the FUDs but this makes no huge effect as the majority of the holders remain calms.

Moeda

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Quote from: RIFAT001 on September 21, 2021, 09:36:41 PM

What will be the price of bitcoin in the coming years as the price of Bitcoin goes down? The current price of the British ranges from 41 thousand to 50 thousand. Bitcoin was the highest price of 48-50 thousand. The bitcoin that everyone planned that from the end of 2021 to 2022, the price of bitcoin will exceed 60 thousand plus? So what will be the price of Bitcoin in the coming years?

Bitcoin price in 2022 will reach $100k, in 2023 Bitcoin price will drop, price between $35k to $50k. The end of 2024 bull run is back, and Bitcoin price will be between $150k to $200k. Maybe this is just my analysis based on Bitcoin guidelines from previous years.

Furious 7

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Quote from: Botnake on November 12, 2021, 12:26:39 PM

Quote from: tygeade on November 11, 2021, 10:30:20 AM

I personally would buy if at the start of the month it is still high, I put aside a small percent of my money into crypto every single time I get my paycheck, maybe not this month since it has been a little hard for the past few months but I will be doing it again during spring when all of my debt is gone and I am doing well again. I hope that people would realize that you should buy bitcoin no matter what the price is because the future price will always be higher eventually.

Exactly my point. Regardless of the price, if we aim for higher profits in the future, then we should still consider buying bitcoin even if its already expensive as long as we'll hold it until it reach another ATH. We should not wait anymore for a huge price downward since it may take so long and definitely a long waiting game for us since we really don't know when will its bound to happen. With its good fundamentals that increases its demand, bitcoin price will always keep increasing rather than failing.

I continue to speculate that bitcoin will continue to be high in the future, so slowly we have to buy bitcoins with the amount we can afford and this does not impose the necessary finances on our daily costs, but clearly on good fundamentals bitcoin is not in doubt again buy at any price as long as the goal is not for the short term.

Sometimes I also think about the past, if only if I still held bitcoin until now it might have become a greater value, but I will learn from it that bitcoin in the future can be much higher than what we imagine today.

Botnake

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Quote from: tygeade on November 11, 2021, 10:30:20 AM

Quote from: molsewid on November 10, 2021, 06:09:16 AM

Other traders were saying that the market now were too good that almost the top 10 crypto in the market were all in bullish trend and somehow as a trader it mean that we must be careful because if there's no price correction takes place after it then we will might going to see a massive price drop again, it is still expected that the correction may takes place which we don't know when but I am also waiting for a price correction of bitcoin. I am expecting that there might be a little price correction coming after hitting $68K which is another record for the ATH of bitcoin.

That's the risky part that we should be looking out for, but if nobody buys at peak prices then we won't have new peak prices neither. I mean we should be happy with going up, but we should also be thankful for people who buy at these prices as well because they are the ones who are taking it that far.

I personally would buy if at the start of the month it is still high, I put aside a small percent of my money into crypto every single time I get my paycheck, maybe not this month since it has been a little hard for the past few months but I will be doing it again during spring when all of my debt is gone and I am doing well again. I hope that people would realize that you should buy bitcoin no matter what the price is because the future price will always be higher eventually.

Exactly my point. Regardless of the price, if we aim for higher profits in the future, then we should still consider buying bitcoin even if its already expensive as long as we'll hold it until it reach another ATH. We should not wait anymore for a huge price downward since it may take so long and definitely a long waiting game for us since we really don't know when will its bound to happen. With its good fundamentals that increases its demand, bitcoin price will always keep increasing rather than failing.

buwaytress

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Quote from: justdimin on November 11, 2021, 03:05:19 PM

I doubt that "most" traders are shorters, I mean maybe now but I doubt it. Why? Because if most of them are shorters, how did we move from 30k to 67k+ in few months? That means that most people are not even on leverage, most people are buying on spot and then some few of them are on leverage trading and some of those are shorters so it must be not so much money involved compared to rest of the market.

I am not saying that it is not impossible but I am definitely doubting that most people are shorters, most people are holders if you ask me. I mean imagine how much bitcoin is just sitting in wallets, not even moving, that’s the real majority if you ask me. However, the reality is that those who speak the loudest are probably the ones who shorted, only because they really want it to drop and it is really going up so much so they are working extra time.

Think you could be confusing yourself. We're talking about traders, not people in general. You can't call yourself a trader if you're a holder, it's almost exactly the opposite principle. Traders want to close positions as quickly as possible so they put their liquidity to work.

You're asking how we moved from 30k to 67k? From buyers, investors, retail and institutional, who want Bitcoin to own, not to trade.

Not hating on traders at all! Wish I could do it =) Just saying I'm certain most that do are selling (including myself, I use p2p platforms solely for selling, of course I only sell because I earn Bitcoin, so I wouldn't really call myself a trader but there you go).

poldanmig

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Quote from: Sanitough on November 11, 2021, 07:57:59 AM

Quote from: Joshapat on November 11, 2021, 05:28:19 AM

Because the bitcoin community continues to increase, the demand for bitcoin will continue to be high,

could it be the demand for bitcoin continues to increase that's why the bitcoin community keeps growing as well.

Quote from: Joshapat on November 11, 2021, 05:28:19 AM

the stock of bitcoin remains and for mining it is increasingly difficult due to many factors, this makes the price of bitcoin more expensive and I'm sure one day the price of 1 btc can reach $ 1 million and price fluctuations will not high as it is now, maybe the bitcoin price will go up or down not more than 0.1%.

The main reason are the institutional investments, they drive adoption to the market and their decision to invest in bitcoin also signals the ordinary investors to put their money on bitcoin as they trust these institutions who trust their money on the future of bitcoin.

Strong fundamentals, limited stock and prices that continue to experience speculation are one of the reasons bitcoin continues to grow today, I agree with what @sanitough said, which is now institutionally starting to look at bitcoin as a promising investment alternative instead of having to save their money in the bank, and the increasing number of institutions investing in bitcoin of course this will strengthen bitcoin by itself and we must not forget that now countries are starting to adopt bitcoin as one of the steps to follow the direction of progress in the economy and finance.

justdimin

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Quote from: buwaytress on November 11, 2021, 10:05:41 AM

Quote from: molsewid on November 10, 2021, 06:09:16 AM

Other traders were saying that the market now were too good that almost the top 10 crypto in the market were all in bullish trend and somehow as a trader it mean that we must be careful because if there's no price correction takes place after it then we will might going to see a massive price drop again, it is still expected that the correction may takes place which we don't know when but I am also waiting for a price correction of bitcoin. I am expecting that there might be a little price correction coming after hitting $68K which is another record for the ATH of bitcoin.

Nah, traders are saying that because most of them are shorters. And a lot of them also thought Bitcoin was done with the 63k ATH. Leveraging long-term positions, and now feeling the pain and shame and regret of not getting on the train, holding a ticket to get off that keeps getting less attractive.

We've seen a few corrections already. In the midst of one right now. But we're no longer experiencing crazy parabolic gains, either, so the bears are probably squirming in their seats hating on the relaxed moves up and muted moves down.

I doubt that "most" traders are shorters, I mean maybe now but I doubt it. Why? Because if most of them are shorters, how did we move from 30k to 67k+ in few months? That means that most people are not even on leverage, most people are buying on spot and then some few of them are on leverage trading and some of those are shorters so it must be not so much money involved compared to rest of the market.

I am not saying that it is not impossible but I am definitely doubting that most people are shorters, most people are holders if you ask me. I mean imagine how much bitcoin is just sitting in wallets, not even moving, that’s the real majority if you ask me. However, the reality is that those who speak the loudest are probably the ones who shorted, only because they really want it to drop and it is really going up so much so they are working extra time.

carlfebz2

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Quote from: buwaytress on November 11, 2021, 10:05:41 AM

Quote from: molsewid on November 10, 2021, 06:09:16 AM

Other traders were saying that the market now were too good that almost the top 10 crypto in the market were all in bullish trend and somehow as a trader it mean that we must be careful because if there's no price correction takes place after it then we will might going to see a massive price drop again, it is still expected that the correction may takes place which we don't know when but I am also waiting for a price correction of bitcoin. I am expecting that there might be a little price correction coming after hitting $68K which is another record for the ATH of bitcoin.

Nah, traders are saying that because most of them are shorters. And a lot of them also thought Bitcoin was done with the 63k ATH. Leveraging long-term positions, and now feeling the pain and shame and regret of not getting on the train, holding a ticket to get off that keeps getting less attractive.

We've seen a few corrections already. In the midst of one right now. But we're no longer experiencing crazy parabolic gains, either, so the bears are probably squirming in their seats hating on the relaxed moves up and muted moves down.

Cant really be still that confident on how it moves now but its been a while on where it do really behaves like this on which we cant really see some rise into a certain extent just like in the past which now is more
less but still considerable kind of level of volatility.

Traders/investors does have different mindset which some do believe on those things that do happen in the past and some do know on how to utilize these current price movement
behavior.

Corrections and recovery would be always the thing on this market yet it cant be called market in the first place if there were no involvement on this one.

tygeade

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Quote from: molsewid on November 10, 2021, 06:09:16 AM

Other traders were saying that the market now were too good that almost the top 10 crypto in the market were all in bullish trend and somehow as a trader it mean that we must be careful because if there's no price correction takes place after it then we will might going to see a massive price drop again, it is still expected that the correction may takes place which we don't know when but I am also waiting for a price correction of bitcoin. I am expecting that there might be a little price correction coming after hitting $68K which is another record for the ATH of bitcoin.

That's the risky part that we should be looking out for, but if nobody buys at peak prices then we won't have new peak prices neither. I mean we should be happy with going up, but we should also be thankful for people who buy at these prices as well because they are the ones who are taking it that far.

I personally would buy if at the start of the month it is still high, I put aside a small percent of my money into crypto every single time I get my paycheck, maybe not this month since it has been a little hard for the past few months but I will be doing it again during spring when all of my debt is gone and I am doing well again. I hope that people would realize that you should buy bitcoin no matter what the price is because the future price will always be higher eventually.

buwaytress

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Quote from: molsewid on November 10, 2021, 06:09:16 AM

Other traders were saying that the market now were too good that almost the top 10 crypto in the market were all in bullish trend and somehow as a trader it mean that we must be careful because if there's no price correction takes place after it then we will might going to see a massive price drop again, it is still expected that the correction may takes place which we don't know when but I am also waiting for a price correction of bitcoin. I am expecting that there might be a little price correction coming after hitting $68K which is another record for the ATH of bitcoin.

Nah, traders are saying that because most of them are shorters. And a lot of them also thought Bitcoin was done with the 63k ATH. Leveraging long-term positions, and now feeling the pain and shame and regret of not getting on the train, holding a ticket to get off that keeps getting less attractive.

We've seen a few corrections already. In the midst of one right now. But we're no longer experiencing crazy parabolic gains, either, so the bears are probably squirming in their seats hating on the relaxed moves up and muted moves down.

Sanitough

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Quote from: Joshapat on November 11, 2021, 05:28:19 AM

Because the bitcoin community continues to increase, the demand for bitcoin will continue to be high,

could it be the demand for bitcoin continues to increase that's why the bitcoin community keeps growing as well.

Quote from: Joshapat on November 11, 2021, 05:28:19 AM

the stock of bitcoin remains and for mining it is increasingly difficult due to many factors, this makes the price of bitcoin more expensive and I'm sure one day the price of 1 btc can reach $ 1 million and price fluctuations will not high as it is now, maybe the bitcoin price will go up or down not more than 0.1%.

The main reason are the institutional investments, they drive adoption to the market and their decision to invest in bitcoin also signals the ordinary investors to put their money on bitcoin as they trust these institutions who trust their money on the future of bitcoin.

bitterguy28

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Quote from: Doell on November 10, 2021, 06:51:07 PM

bitcoin price in the next year I don't know ,but as time by it will go be higher than the previous 3 years probably estimate 115K more or less

exaggerated to reach 115k this year or the next , at least 80k is practical to expect.

Quote

! now the price has corrected a little and where there is already strong support at 64K

don't keep your faith on that strong support because the strong support of 60k in the last month makes if dip to below 30k.

Quote

,we'll see at the end of 2021 bitcoin can hit 80K or what people have been talking about is 100K ,well hopefully it can be

yeah it is the target value for this end year.

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