Topic: Is $84k the Peak for Bitcoin？ - page 4. (Read 665 times)

That's the sad realization that people do not understand why bitcoin went up. A lot of people see bitcoins history, just a few dollars at one time, even 10k of it for just two large pizzas, and they assume that if they can "find the next bitcoin" they can get richer.

I have even seen people who ask "what if shiba reaches 1 dollar?" and in that example shiba is just example you can put anything else, not realizing that price means anything and marketcap is the only thing that matters, they make calculations in a way where one token could be 50 trillion dollars marketcap, not realizing that is impossible. So all in all, we should realize that people do not know what they are doing, and making mistake because they are uninformed.

Nah, I don't think that $84k is the peak for Bitcoin price because I am sure that Bitcoin can increase more than that price and perhaps, it will be at more than $100k. But if that is for the next six  weeks later, it could be happens as the Bitcoin price now is already on $70k-$71k.

We will see the other ATH for Bitcoin, whether it will happens this year or next year. All indicator can show the data but we don't knows the truth because the price can go to anywhere and we can't predict precisely. We can only guess the price and prepare for where we wants to sell our Bitcoin.

Six weeks is a time that I think is quite short although it is not impossible for Bitcoin to increase from the $70K price range to the $84K price range. But considering the series of price distances from now to the predicted price, of course it must have a greater influence or positive impact for Bitcoin so that it can increase to that price so sharply in the six weeks that you mean. Because the price of Bitcoin will not move by itself if there is no influence that can make it move, either through greater demand or through large numbers of buyers.

agreed, OP prediction is pretty optimistic one the 20% rise will be very bleak in my opinion with the acceptance of ETF and all.
we are expecting more and many analyst even agrees that bitcoin have the potential to break through $1m at least within few years forward right now more realistic target woul;d be $100k which i'm pretty sure will be quite easy to achieve for bitcoin right now.
no need to wait too long this mark probably reached within 1-2 months since market has been pretty good lately its overall bullish again.
even altcoins has been jumping high this week alone making up for the lost occurred before this current rally which seems to be signaling that the bullish will be huge and surprise people a lot.
i'm hoping a lot right now that bitcoin could even go beyond $100k and i'm sure it will.

     There will still be a retracement; it's not over yet, to be honest. What most people think is that bitcoin will start rallying, but I don't think so. It's too early for what you're thinking to happen. That's why many people get carried away or become victims of fake rallies.

     Most people don't know that this can happen right now because there are whale investors who are manipulating the other majority communities here in the bitcoin space to buy and sell, and when the target is reached for some of these whale investors who are positioned to sell, they are sure another correction will happen in the market.

Hmm I dunno, it's possible similar to how Bitcoin just bulldozed over through the 50k and 60k in the past, but considering that we were held back for quite sometime below 70k, I'd much rather doubt being able to reach 84k though. There's still a chance though if you add how Bitcoin was stagnated, it could be a sign for the market that it's able to break through now after solidifying that 60k position, but if I were to pick between the two, a position in the 70k levels would probably be the current state of the market for now.

And besides, even if we do break through to 84k, we'd most likely go back down again to 70k ish just to stabilize the market.

Yes, it's very unlikely that this will be the peak this bull run cycle. Even at the end of the year, we could be looking at around $100,000. And then we have the whole of 2025 to make another all time high.

And as what history tells us, usually it will be like 2.x of the previous all time high. So at $69,000 as our last all time high, so we might be looking around $120,000++ as a starting point for what could be the peak of this bull run.

Well, it's kind of realistic prediction based on those elements that was mentioned in the OP, but we could actually see bitcoin reaching that level in less than 6 months because of the bullish market sentiments, It could even go past that level since a lot of people are also very optimistic about the 6 digit figure in the next several months ahead.
Fear and greed index shows extreme greed compared to the last couple of months, so this means we are already heading there, this same reason why I am quite optimistic that we will be seeing bitcoin hitting around $80k in less than 6 months.

Yeah, that is possible to reach $84k in the next six weeks. But I will cautious everyone to really not put too much emphasize on the price. I mean we are already in the bull run and we all know that sooner or later the price will go on parabolic rise. So the best thing to do is continue to accumulate as much as we can in this market.


But fundamentals as well are very important, and overall the sentiments will be bullish all throughout the year. So regardless on what the technicals are showing in the chart, it will coincide with what the fundamental are and it will equate to the price going up this year and if we talk about the peak, it should be around last quarter 2025 for a $100k or higher all time high.

I do not see why this could not be possible, 84k is not that far away and six weeks is more than enough time for that price to be reached, what we do not know is if at the time the bulls will be on the mood to try to make the price to grow that much during that time frame, after all just as that movement could happen during the next six weeks, it could also take bitcoin six months for that movement to appear, so the most important thing right now is to accumulate the bitcoin that you can while the price is still below 70k.

Wow I did not realize BTC is consolidating for 82 days, its seems like either you are wrong or I was too ignorant that I did not notice either way, if its really consolidated then thanks for sharing it. And I also did not saw the RSI and if its lower then that's a good thing its means we are ready to fill our bags for the moment, and we all know considering the history of BTC it will go up and will make new ATH of this bull season.

Although the ETFs approval had changes the history but still I believe in BTC that it will broke the ATH again, considering the amount of BTC being demanded is way more then supply, I can say adoption is way higher then before, and the market cap of BTC is just enormous. $84k although is a good target, I hope BTC would be able to achieve it in time. Overall, the time of six weeks should not be taken for granted, because most of these influnecer giving time, sell or buy before that time so they could make some extra money.

No one can exactly predict where the peak of this Bull market would be, and to me this is the hardest thing any technical/market analyst in the world of crypto can do, even the stock to flow model by planB which seem to predict Bitcoin at some point began to fail, everyone is just speculating in this market, and I kind see this as his own view of the market nothing to hold on to, But to me I doubt if Bitcoin will peak at 84k and if that happens, this would be the shortest Bitcoin Bulll Market ever to experience. And meaning the law of dismissing return is the course.

Very unlikely that $84,000 will be the cycle peak. If you’ve been in Bitcoin for more than 5 minutes then you will know this already.

The previous cycle high in 2021 was $69,000. We’ve never had a cycle where the ATH was so pathetic that it barely rose 20%.

No mate, literally no one could predict the Bitcoin's price and we see all such speculation only when the market is upward and we don't see them often during market dip. Bitcoin may even cross $84k or even $100k or even drop below $60 k once again hence we cannot predict much about Bitcoin unless there is a strong factor threatening it's usage which usually results in temporary dump.

No one can predict on what will be the peak of bitcoin, so don't put all your 100% trust to anyone predicting about the possible price to reached or achieve by bitcoin since everything in this matter is unpredictable. But make those statements or what you see on his video a guide to learn something since somehow we can get an idea from them to use for certain thing that we should do on our investment with bitcoin.

But its really great to see bitcoin to reach at that price since this will be a new record to be set. But a lot of us want to see that bitcoin would surpass to $100k since this will bring bitcoin to another level and for sure this will create a lot of hype on different channels then those will also generate a lot of attentions.

It's not just him, I guess there are many people who are investing mainly in altcoins rather than bitcoin. Simply because everyone wants to become rich with a small capital and to be able to do that, investing in altcoins is the only choice because bitcoin cannot help them do that. But not too many people will admit that they are investing in altcoins because as we all know the forum does not like to discuss altcoins. Personally, I also invest in altcoins but I don't put everything into altcoins, I balance everything because the higher the profit, the higher the risk. Bitcoin should still make up 40%-60% of our portfolio if we want to leave ourselves an exit.

It sounds like you have a lot of altcoins holding right there in your wallet, well for me bitcoin price is now in bull season it started to rise above 70k$ and continue climbing i dont know when it will going to stop or continue to rise up to 100k$,we are hoping that it will because after the bitcoin rise altcoins always follow the trend and that is a profit to the small time holder like us.

everything is possible in bitcoin it can even reach above 100k$ this year if it will continue to rise until fourth quarter of the year 2024,it is expected that it will reach a new ATH, but nobody knows that this could be this year so everyone is now surprised that the bitcoin reach another ATH and hope that alt season is coming for our holdings to rise and gain profit for good.

Don't get serious, it's just a prediction so whether it happens or not that's just a guess. But if it happens then that's a blessing to all of us, and all of us are going to be no doubt happy.

That is because we're in a cycle every halving's done, the bull run starts.

Forget about those that don't buy even until now, they've been given a lot of time to buy but they only want to buy when Bitcoin's up.

For me, the crypto banter predicted rightly, and the level ($84,000) is fairly reasonable and potentially possible if I must say. However, it is not new that people get silent when the price of Bitcoin is depreciating and also during the FUD times when the market is highly indecisive. But when it is rising again, you see their energy coming back to life with various predictions even as most of them are just running their mouths anyhow.

Regardless, I remain committed to my trading chart above anything else, and people's predictions are mere hearsay to me because I am very good at analysis. That was why I know that what the guy called out is fairly good as well, it is never outrageous because the market is nearing the ATH at about $73,850 again, it needs a breach above that level to call it serious on the bullish path. Nonetheless, it is bullish in trend today and has a lot of strong support levels of different strategies backing it up. So I do not see the market breaching below the $60,000 psychological level again this month, and the hesitation of it not moving lower or breaching notable support level means that it is becoming stronger and the hitting of a higher level can no longer be left out.

Still, it needs to hold below $73,850 before a serious bullish talk can be wise, and if it can breach above $84,000 as the guy predicted, I see no reason why it can't move past the level with time even as it moves closer to $100,000 which I am getting surer of that it would be hit before the end of the current bull run.