Topic: How far bitcoin will it go this time and why? (Read 11787 times)

Good to see this post reached this far, even bitcoin also reached 10k mark as expected before the end of the year.
Altcoins never saw that kind of boost and getting further depreciation in value even with the increase in value of most of the top-ranked coins.

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It is indeed very justified that lately we have become more happy and enthusiastic in collecting bitcoin or altcoin because of the increase in both prices, but even if the price of bitcoin reaches $ 10,000 before the end of the year it might be achieved but if more than $ 20,000 is very difficult  to be penetrated

The reason is we are having a great support line helping us when we are going up, not because we go high too fast or we are capable of going high but because we are not allowing it to drop low. Remember last year when the price hit the peak levels the mt.gox sold 34k bitcoins and that started it all and we dropped to as low as 3.2k in the end of that.

Now, we have hit the 9k+ prices and we got a big 25k sale in one go and all we lost was around 10% which we are now stopped at and not going any further down. So, the difference is not the way we go up but the way we don't go low, if we can keep that up for a long time I am sure that we can break the all time high prices easily without a problem.

I also hope that ATH can only be achieved for this year, or next year. so many reasons why it can happen, and the possibilities are halfing that can happen, or anything else. even the development of the IEO could be the reason for that.

What do you expect from a market that is based on speculation? Of course there will be two opposing views and either one of them have vested interest on why they are saying or predicting where the price would go. So it's really up to us to make the final decision and use our common sense here, instead of just relying from those so called experts.

I think that we will see the real results of the cryptocurrency market in the near future and I would not want to pay attention to all the forecasts that sound even today.  This is all a statement of two parties that speak either positively or negatively, but no facts to confirm their words.

Hope for new ATH too. Because price really stable when before pumped. And maybe a lot of people already buy it. When the time really come, i believe new ATH will reached and maybe it will be better.

The progress came early this year, so people are expecting to see a good price by the end of the year, probably a new ATH and it's in the making now. We need to remain optimistic to this as it could happen, but whatever happen, if it dumps, we should be patient like we did in the past.
Let bitcoin develop, the fundamentals are good, so no reason we will not see some big progress.

With every rise people ask how high it will go this time, with every drop people ask how deep will it go, but what people dont understand is that this informations can bring you money, you can earn if you know the top and the bottom, in the way its cheating, and I believe that whales are trying to manipulate with prices with their huge amounts of coins, probably they dont succeed in that every time.
How high or how low price can go is up to you to decide, trust your instincts, try to be informed, and hope for the best, is what most people do when trade, except holders, they just hold.

Bitcoin has shown the signs to reach five digits in the second half of this year and this based on some technical analysis made by some expert traders but they did not elaborate on what price it reach in the year end. If there are no unforeseen negative events that may affect the price of the leading coin in the coming months then expect it to go bullish in the remaining months of this years. There are also some positive devlopments that may take place in the 4th quarter and I hope this event will also boost the price of bitcoin further.

Maybe its just only $8k, but we dont know if what will be the next price until the end of year. So just wait for it, because i believe on coming October maybe its started again to increase. Its normal in btc which occurs sometime its price is dropping and rise.

You are right mate, there is no one that can confidently predict the exact price of bitcoin at any moment, not even TA or FA can do that accurately, because cryptocurrency value follows only the rule of demand and supply as you said.

The only thing we can do to create the demand needed for bitcoin to continue increasing in its value is to first of all spot what contributes to it increase, which one of it is hype, aside institutional investments or retail companies adoptions and many more. We need to learn to always speak what will encourage people to buy bitcoin from time to time, this is one on the strongest tool, that creates demand for bitcoin.

It's gonna take a while to get back to $20k. I think the rise from $5000s to $8000s was mostly people who missed the bottom finally realizing $3000s was the bottom and we are in fact in a bull market after a few weeks stable in the $5000s and a good amount of the money sitting on the side of people too afraid to buy at the bottom FOMO'd for a couple weeks, probably with a few new whales moving into the market as well to start accumulating once it became very obvious bitcoin had started a bull market. Probably not too many new people coming into the market yet seeing as how we just got out of the bottom. New people will gradually come into the market as they start to hear more about bitcoin and realize it did not in fact die like much of the media had told them it surely would.

I'd expect it to take a year to get back to $20k. Historically every time Bitcoin reaches the old peak that is the start of the real gains of the bull market, that's when FOMO kicks in and Bitcoin starts shooting upwards. So only going to $30k is very unlikely.

No doubt this market institutional investors will become big players in the market for the first time, and we don't really know how they will behave. If they get in by $20k, will they dump early, happy with only a 2x or 3x gain because that already is so much better than they are used to from the stock market? Or will they hold long term, not caring too much about bull and bear markets? Or will time things well and hold until things really start getting nuts like in end of 2017 and then dump right near the top, perhaps causing the top to be in? If they dump prematurely will that stop the bull run prematurely? Lots of unknowns. Or will they all be doing different things so that they don't really change how the market behaves, they just bring in a lot of money? Either way, whatever they do, institutional investors will end up soaking up a ton of bitcoin, making the price skyrocket and the tens of millions (or likely hundreds of millions) of people who come into the market the next couple years will be fighting for a very short supply of coins, especially after the halving!

In terms of a yearly prediction, I'd say Bitcoin will be solidly above $10k the last few months of the year. It should pass $10k this summer and by the Fall never fall below $10k again. Maybe $13k by end of year.

For a prediction for this entire bull market, I think it'll go a bit above $100k at some point in 2021. Basically I see $100k as the big target like $10k became during the last few months of 2017. Like that bull market, I think it'll beat this price, in the euphoria of breaking $100k it'll then shoot up for a couple weeks and we'll get a blow off top and then get ready for the next crypto winter. I could see it going to $120k or $130k in this blow off top.

I'm not thinking that the flows will be like that, cause the volatility we have is too strong than of before. This uptrend motion we have now is not of what is shown in the last bull run. I feel that 2017 is unbreakable and it is the greatest achievement in crypto.
I will not condemn the market if $20k can't be achieved again and I will accept what it gives to us in the coming days.

Yup! you are right a pump really needs a pullback and the recent pullback of the price had really reached the bottom, We definitely reach the bottom of the bear market and right now that we are in the bull market and we are still in the starting line of it, We can potentially reach the $30,000 All-time high right now or even more ATH that we can imagine because the recent ATH we had reach is $20,000 USD the possibility is high to now take an even higher spot.

The only realistic figure I see bitcoin getting to in this ATH is $30k, because market cannot continue to pump without a PULL BACK and the moment we cross the last ATH, it means most of the investors that we have presently now would have been comfortable with the profit that would have climbed their investment then, and in other for them to avoid history from repeating itself again, most investors will sell their coin and then returning us back to bearish trend.

The only reasonable way we can get to that value of $85k in like 5 years is when large firms starts using bitcoin for its original purpose, and then we can say we will be seeing less of dumping and more of usage.

I do not know if those prices are realistic, however the last time the price of bitcoin skyrocketed I never thought it could touch 20k and yet it did, but regardless if it does or not the most important thing is to keep holding your bitcoin, there are many that had the opportunity recover some of the money they lost in 2018 during this recent growth but since they sold their coins already they did not saw any increase in their capital, I am sorry for those people but it is their fault because they do not really believe in the underlying technology of bitcoin.

If we analyze the market over the past few weeks, it seems to me that the trend has been similar to that of 2017, when the bitcoin reached around $20k. This time around it may emulate that.

Yes no one knows but read the starting post, it's all about our predictions. The demand became higher recently but about the ETF thingy, no they weren't accepted/approved.

Do people still care about it?