Topic: Next stop $85K for Bitcoin (Read 1090 times)

I'm not sure if we will going to cross that boundary , 85k ? the resistance is 70k and yes up to now this has been the hardest break we ever had.
in the past months bitcoin easily broken 50k, 55k,60k,65k and even 68k but this is not happening easily .
So 85k might not be there to be the ATH in 2021 but at least 70k and above are enough.
the popularity of bitcoin is still increasing every year so expect more in the following years , but for now let us be contented in what bitcoin brings specially this 2021 that really the bullying year of Bitcoin ever.

More than 2 months passed but even 70k did not taken so when will this happen?

quarter 4th is near to end yet we are not seeing any progress instead staying at 50k level.
Maybe His definition of popularity is continuously bumping in which bitcoin now stays lowered .

Perhaps he was referring to the price, maybe his logic is that it should be $100,000 or close to it by this month. But since we are not even around that price, it is not 'popular'.

Yeah, if and only if we have a good run this month just like in October, we might see the price around $80,000 and then moving in December to where everyone is expecting it to, a 6 digit price at the end of the year.

Isn't bitcoin already popular? I think that your statement would be valid if this was around 2010 but it's almost 12 years now and I don't think that bitcoin isn't popular already. Although I do think that your claim has a possibility but the only problem is that this month isn't a good day for crypto but hopefully by December we get to see that.

The next expectation will be 85-90k$.From the 1000 dollars we increased our prediction of bitcoin price.Now it had reached upto the value of 56k$.In 2018,the price of bitcoin was struggled at the value of 5k dollars.Now it had reached of 10 times of Value.The people who holding since 2017,will became a billionaire for sure.Even now you can hold,instead of selling.

Even if the Bitcoin price has dropped to the current $56k price, as long as the Bitcoin price doesn't drop below $50k, I still believe Bitcoin could hit $80k
by the end of this year. Indeed, to reach the $80k target, big news is needed to trigger FOMO and hopefully there will be some good news in the next
few days. Bitcoin's performance this month didn't live up to my expectations, but I have to stay positive so I don't panic. I can only take advantage of Bitcoin's current decline by buying more Bitcoins, and hopefully in the near future at least Bitcoin can return to the price of $ 60k again.

right now that the price is way below $60,000 people started to create topics with titles like: " how far the price will fall, will we go down a lot? " and will forget about topics like this one of 85K. talking about 85K many analysts' predictions were that the price of bitcoin would hit 100K this year, but as I see it we will end up with the price below $60,000 and January has been a very close month where the price drops a lot


after people realized that it is a long way from ever approving some physical ETF bitcoin the price started to drop a lot

Making a new high then failing to establish the price as valid, a failed scenario is not bullish and its easily a reason to expect challenged price action for the rest of the year.   I dont know why people would ignore that, if you slip climbing a hill it can be dangerous and lead to a fall.   We are certainly falling back some, it will arrest the fall at some point and then we can talk of recovery etc.   Thats not happened yet.


Not sure I heard any expert say that, Dollar dominates world trade and I dont think anything at all will take that place as its not a scenario that repeats; world trade will be unstable and this idea of a singular or nominated world global reserve currency will not likely exist in 10 years if that occurs.   We will see fractured usage of currency not a simple swap.   10 years is not long enough for this vast change, thats one footstep in macro economics.

The hope for $80k is slowly going down as bitcoin is not bullish anymore.

Currently trading at $56k, I guess we need some big news so people will get into FOMO again.
We are entering the last month of the year, we need to finish this year strong with a bullish price but $80k is highly unlikely within a short period of time.

It's tough, and it's needed a big hype before it can go that way, unless flowing money comes around and brings new investors. Though many still optimistic that there's a strong bull that will help to make another rise. $80K still possible with how people react when market suffer from small fall. It's showing that there are more positive investors who believes that the market will bounce back.

This short correction shakes those who are trying to make quick profits. Instead of gaining, they are forced to sell with losses.

Based on the potential of bitcoin it is achievable, but within limited time period it is question mark. $100k is going to be a big barrier, before that it is supposed to make several new ATH gaining good resistance. Based on the ongoing market growth the price seems to fall as low as $50k. Another thing last month of the year is much preferred for leisure and spending. So, more cashing out happens than buying. This way market is completely unpredictable for now.

Yeah, I know that everyone is expecting a huge $100k at the end of the year.

But at the rate that bitcoin is growing this past, maybe there will be people that are going to doubt if we can really hit 6 digits or not. Currently there is a huge barrier to $60k, and the closer we did was $59,200 and then the price goes down again.

Sitting at $57k, it will be like x2 growth in more than a month before the end of the year. Not sure if this is still achievable.

At the rate at which Bitcoin is growing in speed and popularity, Bitcoin must be 100 by the end of this year Will pass. Many experts say that Bitcoin will be recognized as the number one popular currency in the world in the next 10 years.

Let us delay the end of bull run then for next year. Maybe the best price at the end of the year might not be 6 digits anymore as we have a difficult time reaching $70k now. So I will pegged a conservative estimates of at least $85k and then we will see how it goes.

Such difficult ascend to $100k, if we are going to be in that price this December, but now the price should be around $70k at least, but the price keeps on fluctuating hard this first week of November as compare to last month wherein we are surging by this time.

It is a possibility that we might reach hundred thousand by the end of this year or by the end of this bull run. I am not expecting the market to be bullish for the next one year let alone the next two years, expect a major correction in the next few months and that is my expectation and i understand majority of the stakes are held by institutional investors, so lets see how it goes.

Your submission is some how closer to the reality as compared to those who are saying Bitcoin market price may reach $100k by December ending of this year. At least you were able to provide a back up evidence to support your claim and I love that as it will guide we the readers to search more dit in our quest for knowledge of what may happen to Bitcoin before ending of this year.

all possibilities can happen, but it can be concluded that by the end of the year there will be an increase or it can be said that ATH is renewable. but there are still many predictions that become the final benchmark, at what price bitcoin will occur and get it. You say that for $100K from Jurrien's analysis it will take another 2 years, when in fact two years later there will be a correction to prepare for the 4th year of the fourth halving.

the price you estimate will occur at $80K-$90K that bitcoin will get, in fact I have confidence that there will still be an increase of more than $100K by the end of this year, looking at bitcoin's past which will always repeat itself.

almost every time where bitcoin reaches its highest price, there will be speculators who call themselves tough analysts dealing with bitcoin. even though previously many did not know him as a crypto analyst, because of the increase, many are competing to become impromptu analysts.

The analysis carried out is also enough to make something out of the ordinary for bitcoin, because usually after renewing ATH there will be a long correction of bitcoin. so the possibility that there will be an increase for the next 2 years is very small but for the next 4 years it will certainly happen because it is the halving period.

but I'm still optimistic that the increase at the end of this year will be possible if we look at the habits that have been carried out so far by bitcoin and we will patiently wait for it.

and who Is he to tell that 2 years more before bitcoin hitting 100k? is he an Whale investor? sorry but i can't remember that person involved in all the increase of bitcoin price , maybe in decrease he is responsible .
and also yeah the price continue declining to break the 66k but at least staying in 60-62k level is a legit proof that we are only needing small time before this happens.

But as we have seen after the ETF, Proshares hits $1.1 billion and then we see new all time high.

But after that the price goes down hard, meaning it has only 2 days of FOMO so obviously, we will have to wait for that $85k stop prediction. It could be achieved next month when there will be the Taproot and for sure it will FOMO again to even in the $90 range. So just wait and see, and still stick to the old formula of buying the dip and accumulating.

If investor believe in the potential of bitcoin based on predictions as high as $85K, then why should they wait for the moment to sell their bitcoin in the next hour?

Investors will choose to see how it moves and they don't sell the bitcoin they own only after the profit are confirmed. On the Binance exchange, the bitcoin price at the time of writing is $63.5K or slightly down after 6 green candles on 4H TF. I believe bitcoin price could still go up more than ATH $67K this year and $70K is a realistic target to hit this week.