Topic: October 7: BTC is expected to reach a high level and will continue to rise durin (Read 108 times)

If we go with the table completely, the ATH should happen in November and then the expected decline will set in by December. That's why it's coloured in red for the column in 2013. My guts tells me we are likely going to have an ATH in December, not in November. It's the same way we had it in 2017. That's just my take on that

Scam commentaries or stories won't stop BTC from achieving its greatness once again this year. I don't let negative press distract me on what Bitcoin is to achieve. Come to think of it, there are scam activities in other facets of human activities, be it religion, politics, education, medicine, stocks; just name them. Why haven't all those packed up? On FUD? The only time I see that work out very well is during bearish season for Bitcoin. It won't work now that Bitcoin is in a bullish year. Did Bitcoin not survive all the FUD in 2017, with the Chinese ban and all that? Even now in 2021, hasn't there been another Chinese ban and clampdown? What has that done to Bitcoin? Nothing, really.

We have breach $55k-$56k already.

But I would agree that the current price movement is eerily similar to 2013. Even S2F model has this kind of prediction, it can either mimic 2013 or 2017 movement. But so far the trend line shows a similarity on the 2013.

And if the model prediction should be true, then we are seeing bitcoin hitting around $100k conservatively. So let's see, I'm looking at how we are going to break $60k resistance this month and probably ended up in a new all time high. Last two months will be the biggest swing in price that we are going to witness.

Our next target here for now is to aim at least $55k or better, and in order consider it bullish we should reach around $60k this month. This is going to be uneasy to speculate, but taking into positivity we should be eyeing for several possibility for us to acquire definite perspectives.
Sometimes, we'd rather convince ourselves to be strong enough rather than giving up and hopefully all of us develop self confidence same as mine.

My TA inlines with your analysis as well. I've computed the %change of the monthly to yearly markets and the hype and popularity really just feels the same as what happens back in 2017. The bullish market can really be compared on that year plus how the trendline forms from low time frame to huge ones are just expectable and amazing. The only thing that might challenge the BTC price action is if scams would be a common thing or the FUDs win. But if analyzed with fundamental analysis as well, then we really are expecting an ATH of 100k this year. (hopefully)

it looks like your prediction about bitcoin this year will be the same as the end of 2017, I also predict it. but based on the experience done by bitcoin after the halving. after every halving a year later bitcoin will reach its peak and form renewable ATH.

the first halving of 2012, 2013 ATH occurred in november and lasted until early december and then began to be corrected until the following year. while the second halving of 2016 and 2017 ATH took place in December. At the beginning of the year there was a correction the same as in 2013.
the third halving in 2020 and a year later is 2021, so if you look at the graph you made, it might still occur around November and December ATH is formed again and in 2022 there will be a correction just like the first and second halving experiences.

Well we cannot really tell if it's possible since market is always showing a very unpredictable results day by day although we see it keep climbing a after 50k., indeed as of now bitcoin seems trying to make correction and most of the altcoin were showing the same as well in my view.  I hope it's just a correction because if it will gonna break out in the current support for sure it will relocate the another support level again and bitcoin will struggle again to regain strength like what always happen.. I hope not.

I saw a table representation last month on WhatsApp where Bitcoin price movement in 2013 was compared to 2021. There were indeed a lot of similarities between both years.



That table can be found in the source link below 👇 in its raw state.

https://www.bitcoininsider.org/article/125425/bitcoin-btc-price-soars-past-50k-again-can-btc-break-september-jinx-post-ath

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OP's analysis isn't far from the truth, though I was a lot skeptical clicking on the links in their post. I hate clickbaits. However, I agree with them that Bitcoin will witness a tremendous spike (it's already happening) this month. For me, Bitcoin's bullishness is likely to end the way that of 2017 ended in December.

BTC contract analysis: Yesterday, the daily line of BTC continued to close in the sun continuously, and the price was as high as expected. However, the sideways correction of the Asia-Europe plate is still time for space, and there is no chance of a big retracement such as long-term. If the price is to go out of the extremely high level, first, the sideways position; Second: 618 position of retreat, which is the explosion point of reference rise. Yesterday, relying on more than 50700-50600 areas, we also successfully reached the target area of 52500 for harvesting.https://preview.redd.it/w2y7auzphzr71.png?width=701&format=png&auto=webp&s=6dc036ba7830680a18270186dc1beb1163c60ed1
For the short-term trading of BTC contract in the day, the daily line rose sharply, breaking the high close in the early morning. Although the daily index has entered the overbought area, it is still necessary to consider the risk of retracement after the emergence of top deviation. Therefore, today's thinking is still more, saying that the short-term trading position of BTC contract in the next day, in the strong closing market, only the revised low point and position 618 in the early morning are considered, while the revised low point in the early morning is near the 54500 area and the position 618 is near the 53700 area, which are all positions with more reference layout arrangements today. It is more radical to have more light positions in the 54500 area, and it is only necessary to add positions to the normal position in the 53700 area. The target is to look at the vicinity of the 56500 area.https://preview.redd.it/cthwp0pxhzr71.png?width=649&format=png&auto=webp&s=ec00d7bea6dcd96b90c2229c6419fc24859e19ca