Is $84k the Peak for Bitcoin？ - page 5.

bittraffic

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Quote from: livingfree on May 21, 2024, 03:44:56 AM

Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

That's the kind of prediction that I like to hear and that's not impossible because anything can happen in less than a day. Like we're $66k yesterday and we're now at $71k.

We are in the bull run and these prices that are being predicted can happen. Because the current price is so close to that amount.

But if it's too much like a $100k for the next six weeks, that's unlikely but not impossible in the long term.

Prices could just jump too quickly and back down again. There is no telling though whether we could really hit 84k by the next few weeks. Everyone has its own analysis of this market but I think we all agree the trend is going up. All there is to happen is to reset the momentum again for buying spree to resume.

livingfree

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Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

That's the kind of prediction that I like to hear and that's not impossible because anything can happen in less than a day. Like we're $66k yesterday and we're now at $71k.

We are in the bull run and these prices that are being predicted can happen. Because the current price is so close to that amount.

But if it's too much like a $100k for the next six weeks, that's unlikely but not impossible in the long term.

kro55

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*STOP NOWHERE*

Predictions are just predictions, they may or may not be correct, and you can also make your own predictions instead of having to rely on other people's predictions. As an investor, we are investing with our own money, so instead of relying on others, why don't you improve your knowledge and make your own judgments about the market?

Regarding bitcoin price, we all know that bitcoin is unpredictable, so accumulate it whenever possible and set your own sell target, don't listen and don't trust any prediction because nothing is certain.

itjoo.ir

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No. Always remember there is no peak for Bitcoin or any other asset. No matter how much money is injected into the cryptocurrency market. This digital currency can grow, and 84,000 is not much different from the current price.

We write about cryptocurrency in the link below:

https://itjoo.ir/category/technology-world/crypto/

hd49728

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Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.

I would like to zoom out and see a longer picture with a bigger time frame than only next six weeks which are only 1 month and a half. The bull run of Bitcoin will last longer than 1 month and a half if history repeats.

I will not sell my bitcoin if the year is not 2025 but when I will sell it in 2025, it will depend. I plan to sell my bitcoin in Q2 or Q3 2024 but let's see how the market will move next one year, not next 1 month and a half.

I only plan to sell my bitcoin in 2025 to get profit and some cash to use in next 2 years with a next bear market but I plan to come back and buy bitcoin in a bear market. I will not sell it and exit this Bitcoin market forever.

We will have two more green years, 2024 and 2025 if history repeats.
https://charts.bitbo.io/yearly-candles/

SickDayIn

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Another speculator predicting the maximum peak for Bitcoin, to be honest I completely disagree with it. $84k is no where near the peak, it has so much room to grow beyond that. Bitcoin $1m by 2030 easily.

martinex

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Exactly, BTC has almost passed it, I think all the news that has come at this time is quite good, and today we see the market is quite enthusiastic and BTC has reached the highest figure for today at $71,963.

Regarding the prediction that you got as a reference from Crypto Banter above, Bitcoin has the potential to reach $84,000 if the duration for the next six weeks is correct and perhaps the shift will still be there, but it is not very significant.

Apocollapse

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Who cares with Crypto Banter? I don't care with anyone else prediction, even if Satoshi himself predicts Bitcoin price, I won't care too.

Bitcoin is decentralized, no one can control Bitcoin including the creator.

Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

I also can say Bitcoin could potentially reach $100K within 5 weeks, Bitcoin could potentially reach $120K within 4 weeks etc, after all he only say "could" even someone that never invest in Bitcoin can predict like that.

Zlantann

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Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

Bitcoin reaching $84,000 is possible but there is no certainty that it will happen within the next six weeks. We have seen the price go up and down in the past few months due to some indicators. Crypto Banter might have analysed the market with different indicators but they don't have control over other indicators, so the predictions will be based on all things being equal.

Quote from: Oshosondy on May 21, 2024, 02:08:03 AM

Bitcoin will get to $84000 is not exciting to me. What can make me more excited is bitcoin to get to $100000. Another excitement would come when bitcoin will no longer fall below $100000 but this will be a long time from now. We still have over 7 months in this year to finish, it is still a long time and bitcoin will get to $100000.

The $100k benchmark has been one of the most popular predictions among Bitcoiners. Like you rightly said we still have a long time to go so we still have to expect a price drop. But we might reach the peak by the end of the year or early next year.

Woodie

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Price is bullish alright, but giving price a time frame in which to react and go our direction Roll Eyes

..I don't know about that especially that Bitcoin is speculative, anything can between now and the six weeks for example if say we are hit with negative news , this could send it back down!

But of course keeping a positive mindset, I think before we think about getting a new Al time high, we shall be facing a psychological barrier which might be the real test as there is a tendency of sell orders resting around here wanting to short the market, once we survive this 90K ,100K will all be in our sights Wink

348Judah

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Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.

Bitcoin is more likely to hit $86,000 and above even before the completion of that six weeks predicted, if we consider with the rate of how it is performing since yesterday, the next thing we could deduce is to make a conclusion about bitcoin is going above its all time high of $73,000 as it is currently on the edge of $72,000, so by the way of its performance currently, we are likely to make a new all time high with bitcoin anytime from now and achieving up to $84,000 may be more closer than expected, while before the end of the year, we should expect bitcoin above $100,000.

Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin.

We can make effective use of the indicators in other to see how its going to perform more consequently, what i use to do is by applying series of these indicators in speculating and giving a close attention on the weekly candles, this alone will give more insight to me about the possible expectations with the market price within the target range am looking out on.

Rikafip

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Quote from: shanhaigamefi on May 21, 2024, 01:54:37 AM

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.

As with every such prediciton, its based on pure bullshit and its just a form of clickbait, especially coming from someone like Crypto Banter who is known for shilling shitcoins. And yeah, your title is misleading.

Betwrong

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I think Bitcoin price is not something you can predict with certainty. In my opinion, what we can talk about is always with +-50% accuracy. Bitcoin can reach $84,000 and can reach above $100k too, but when, no one say that.

With that said, I personally believe that BTC will reach $100k+ within the nearest 4 years.

By the way, why did you put this question in the title: "Is $84k the Peak for Bitcoin"?

Oshosondy

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Bitcoin will get to $84000 is not exciting to me. What can make me more excited is bitcoin to get to $100000. Another excitement would come when bitcoin will no longer fall below $100000 but this will be a long time from now. We still have over 7 months in this year to finish, it is still a long time and bitcoin will get to $100000.

blckhawk

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No, I don't think that a peak for bitcoin is something that we will ever see in our lifetime, I'm sure of that. Maybe for this year that would be the case but I'm inclined to believe of that possiblity that bitcoin will go to a much higher price point than that of that said analysis, I'm pretty sure that there's going to be more and more surprises that bitcoin has to offer and we just need to be ready about it, always expect the unexpected with bitcoin because the market is a volatile one, it will always be that way.

shanhaigamefi

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In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

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