Topic: Is $65,000 the peak of this bull market? - page 3. (Read 1004 times)
Peak is yet to come.
The price action seems to have greater longevity this time so no i think we exceed that peak even now. Im thinking of 2017 rather then 2019 because 2017 did last for most of the year in continually rising yet it was far more violent then how I observe the movements on BTC this year. We seem to have the possibility to trade lower but still accumulate enough buying to restablish a trend and reach futher highs then we saw previously. Its not just set with a downtrend simply and continually being sold on a singular dynamic.
Also another factor to consider is the dollar index is continually failing to establish any pattern of lows that might lead to a rise in FIAT value. It could break down and become more obvious in its weakness of excessive supply vs demand, that'd surprise quite a few and lead to a new high for BTC possibly
Also another factor to consider is the dollar index is continually failing to establish any pattern of lows that might lead to a rise in FIAT value. It could break down and become more obvious in its weakness of excessive supply vs demand, that'd surprise quite a few and lead to a new high for BTC possibly
I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin.
Is that a typo or do you really think so?
Like always everything depends on the time frame we are talking about, supposing the bull run is not over, and I think this is the case, then a low 6 figures should be possible, maybe something like 100k to 200k by the end of this year and then we could see a correction, however if we are talking about the next decades then a price of 640k is pretty much a given, now what can you actually buy with that money could be a subject of discussion if inflation gets out of control but that is another topic.
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Well many people really says that 65k$ is the peak of the bullrun and believe that bullrun really ends but for me the end is far from now. The market is dumping but i still believe in the next few days bitcoin will still rise up and it's price may continue to rise just like from the past after the dip there is always a rising of the price so I am not afraid of it.
It's still too "expensive" for now and a lot of problems in India and China (that's a third of the world population) for it to be worth that much.
Lets forget about the problem in China since they actually if majority of people will just stake with bitcoins and doesn't care about their issues well provably we can see bitcoin climb up again but since the market is struggling and the movement seems unsure maybe we cannot see the price reach unto the ATH price again but I hope I'm wrong since I'm still hoping to see the price reached at 6 digits in figures.That's easier said than done though. I know Bitcoin itself is resistant to censorship and no government can block it, but if you are an evil government, you could still perhaps monitor your citizens and see which of them connects to known Bitcoin servers, and if you want to sell it, you can't do it easily or safely (for most people who don't know how to use p2p).
So for all that trouble, it will affect demand.
I do think so. There are people who seem to think that 6 digits is still possible in this current bull run, but I personally think that is unlikely to happen.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
Me neither. And I'm not just saying this out of deflated opinion, I didn't see it at all even during the big rally over 20k. In the long run for sure, but that's next halving maybe so many more years from now. It's still too "expensive" for now and a lot of problems in India and China (that's a third of the world population) for it to be worth that much.
Lets forget about the problem in China since they actually if majority of people will just stake with bitcoins and doesn't care about their issues well provably we can see bitcoin climb up again but since the market is struggling and the movement seems unsure maybe we cannot see the price reach unto the ATH price again but I hope I'm wrong since I'm still hoping to see the price reached at 6 digits in figures.
I do think so. There are people who seem to think that 6 digits is still possible in this current bull run, but I personally think that is unlikely to happen.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
Me neither. And I'm not just saying this out of deflated opinion, I didn't see it at all even during the big rally over 20k. In the long run for sure, but that's next halving maybe so many more years from now. It's still too "expensive" for now and a lot of problems in India and China (that's a third of the world population) for it to be worth that much.
I do think so. There are people who seem to think that 6 digits is still possible in this current bull run, but I personally think that is unlikely to happen.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if not improved.
However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.
I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin.
Is that a typo or do you really think so?
BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.
Do you think $65,000 represents the peak of the current bull market?
By the looks of it we have to accept that the bull run is done for now and the peak was that level, this doesn't mean that we will never go up, it just means that we would have to separate the next bull run and the last bull run into two that's it. Like let's say from October to early may it was a huge and very long bull run right? That's a bull run, now we are done, and if we ever go up, which I think will happen soon enough, we have to call that another bull run, not the same bull run going on.Hopefully, Bitcoin will see new all time highs.
Do you think $65,000 represents the peak of the current bull market?
It means that we can call the peak of this bull market at 64k and do not have to calculate anything else. However I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin. The more terrible fiat gets the better it is for bitcoin and the fiat world just sucks sooo bad.
In my personal opinion, BTC will hit the 100k$ mark this year. We have seen these kinds of manipulation in the market previously but the quantity of new investors or common investors is more than ever now and people are thinking that this is the dip and buying whenever possible.
For now, this is considered the peak since we don't know how high will it go. Remember that back in 2018, they also thought the same thing but 3 years later, we haven't touched that prices for about 5 months now.
Yeah and the years before that too all thoughts and predictions were blown out of the water. The last time anyone saw price below 1000 was in early 2017. Also four years now.
The thing also to say is 288k is very much in the play. Everyone is worried now but we shouldn't be, we're still way in profit now if you look at it from any angle.
There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:
In the grand scheme of things these strong market is just an indication of the high market valuation it could reach but that does not mean that we will see these higher valuation particularly in this rally. I am bullish in Bitcoin as well in the long run and i wont be surprised if we already saw the all time high valuation for this rally but i would like to see one last rally before the major correction.Yes, you are right, what happens is that the conglomerate when the BTC is falling tend to get carried away by emotions, and this causes many to sell, it is what we commonly call the weak hands. But analysts like Woo, like PlanB with its S2F model have much more experience in short, medium and long term analysis. In my personal experience it has always identified me to follow the S2F prediction, I have read a lot about the model and I have the full conviction that it will be fulfilled, not only because it predicts that BTC will reach $ 100k or $ 288k, but it is not an indicator or tool Because the model has expiration, only the fact of having expiration means that it has a technical and fundamental basis with a lot of acceptance, since important world events cannot be predicted. This implies that at any time the BTC market we can see a big bullish jump, you just have to be patient.
Yes, $ 65k is the peak of the bull market of the current period. we are currently on our way to the bottom, and no one knows how deep the price of bitcoin will fall in the current bear market period. pray that the bitcoin price doesn't fall too deep 
I would pray it will fall so the weak hands will panic and gives more opportunity to buy at the dip. it should not be new to us, we have seen this many times, and bullish can't just last for a long period of time, we are lucky to still see a good price now but I have a feeling soon it will really dip and might even all below $20k which was the ATH before this bull run. I may look bearish now, but that's me, that's what I see in the current situation, we can't blame people for panicking when their favorite star (Elon) slowly fading his interest in bitcoin.
an ev car dealer trying to shake you from your coins? will it work? when was it a good time to depart from btc to buy a tesla, and more exactly how long was the trade working? the ev lose value fast, in all market conditions...
Yes, $ 65k is the peak of the bull market of the current period. we are currently on our way to the bottom, and no one knows how deep the price of bitcoin will fall in the current bear market period. pray that the bitcoin price doesn't fall too deep
I would pray it will fall so the weak hands will panic and gives more opportunity to buy at the dip. it should not be new to us, we have seen this many times, and bullish can't just last for a long period of time, we are lucky to still see a good price now but I have a feeling soon it will really dip and might even all below $20k which was the ATH before this bull run. I may look bearish now, but that's me, that's what I see in the current situation, we can't blame people for panicking when their favorite star (Elon) slowly fading his interest in bitcoin.
$65k for a bull, it must a rare breed ! but cheap, just 1 btc 
, if it's really a superb bull !
, if it's really a superb bull ! Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.
It is still not a sure thing that this cycle is over, we have seen in many occasions that the bull market suffers a heavy correction and then a few months later it goes up again, to me this seems like the most likely scenario as I find unlikely we could remain as close as we did to the ATH for weeks when this is not a common behavior we have seen in previous bull runs.This tells me that was not the ATH and this was an attempt by the whales to get rid of the weak hands, and they were incredibly successful, while at the same time getting cheap coins in the process.
Yes, $ 65k is the peak of the bull market of the current period. we are currently on our way to the bottom, and no one knows how deep the price of bitcoin will fall in the current bear market period. pray that the bitcoin price doesn't fall too deep
I believe the next peak of bitcoin in 2021 will be higher and I predict a steep rise towards the 100k USD area where there will be at least 5 more peaks which have not been seen.
And from now, it's going to be a good idea to save your bitcoins and even buy from it at a lower price than current BTC prices (but don't over do it).
well, I also think that the bitcoin price could hit the price of $ 100k this year. Well, even though when the price hits the price of $ 65k, the price of bitcoin goes down and is in the range it is at the current price, but I believe there will be a next bull market that will bring bitcoin prices to reach the price of $ 100k. And from now, it's going to be a good idea to save your bitcoins and even buy from it at a lower price than current BTC prices (but don't over do it).
I believe the next peak of bitcoin in 2021 will be higher and I predict a steep rise towards the 100k USD area where there will be at least 5 more peaks which have not been seen.
And from now, it's going to be a good idea to save your bitcoins and even buy from it at a lower price than current BTC prices (but don't over do it).
And from now, it's going to be a good idea to save your bitcoins and even buy from it at a lower price than current BTC prices (but don't over do it).
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