Topic: Will BTC Go for Another All Time High This Year? - page 10. (Read 2227 times)

We could take you seriously if you paid attention to reality when it does not coincide with what you predict, as always happens, but since you insist on making a fool of yourself, we can only laugh.

I still think we will pass $100k this year, provided we don't have too much more catastrophic news like the miners in China.

We would really be seeing different sentiments when it comes to price on where  some people would be bullish and some would be bearish and some are still undecided nor still in neutral.

I cant really blame off people on having those kind of impressions because this market is always been unpredictable specially with Bitcoin.You wouldn't know on what comes next

and the fact that we haven't even anticipated that it would reach up 60k into its price and now it had dropped out into half but would still be considered to be a good price.

Price for this year? No one knows but as long the demand is there then we can really presume that it could really go in heights.

I find it interesting that this is the result, this tells me people are in fact bearish about the prospects of bitcoin during this year, something that I find odd, to me we are seeing a repetition of what happened in 2017, obviously the market never behaves exactly like in the past but you get my point, for example people forget that during 2017 there was also a long time in which the price did nothing and then it began to grow again, I think we could begin to see the beginning of the recovery in August or September if things keep going in the current direction.

Voting tells you all you need to know about the situation. There are nearly same votes for both yes and no, which means people have no idea which one will happen. I do think that ATH is not that much possible or at least easy to happen, but if the question was "do you think it will go above 50k or stay here" then that would have been a different answer. One thing for sure is that one of these answers will turn out to be correct and the other will be wrong.

However the question is a dangerous one, over 64k? That is a steep climb from here which we as crypto public "could" do, I don't know if we will but we could do it if we wanted to, however by the looks of it there are way too many who made a good amount of profit from it and now there are not that many people coming in with new money, and not all the usdt we have is going towards crypto neither, so it is dangerous to say the least.

Yes I think we are going to see this at the end of the year, my reasoning for this is simple when I look at the behavior of the price and how we reached and left the ATH to me everything seems odd, when I look at the price the ATH does not look like any other ATH we have seen before, this could mean two things, the first one is the market is changing which is possible as institutional investors now are a thing, or two that was not the ATH and the best is still to come and to me the latter makes the most sense out of the two options.

BTC in this case is having the same behavior of this week, it is expected that no bearish surprise will occur, while it can reach $ 42k or $ 43k, the BTC bulls have remained there hoping to be able to defend the price wall, we must have a lot of restraint:


Source: https://cointelegraph.com/news/price-analysis-6-25-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

When we take into account the possible scenarios, anything can happen, everyone expects a bearish move, but many times the market does the opposite of what the mass thinks.

100% no. Not gonna happen. In fact, there won't be another ATH ever, which is how we know it won't be this year.

It may seems impossible now for bitcoin to break the bitcoin all time high again this year but i believe that bitcoin bull run is still not over. We have not seen parabolic moments in bitcoin price as we saw in 2017. I am looking for bitcoin price to cross at least 100,000$ in this current bull cycle.

I pick on no idea because sometimes market is really unpredictable. But if there are a lot of good news i think bitcoin price still can pumped especially if maybe there are some peoplw who already satisfied with fill their bags want to take profit. Maybe they can pump bitcoin as much as they want because until now there are a lot of people who easily panic when see market movement.

Actually, I have no idea but I chose to answer the poll as "no" despite of different mixed feelings about the current situation of the market. The sentiments are mixed we don't have any idea where this market is going since a lot of fud resurfacing day by day but some are still very bullish and the market proves that already because it's not dropping below $30k.

If the market would reach the six-digit price then I would say that is the second bull run ever recorded in bitcoin history. But if it's not then a quick drop below $30k will going to happen and that's the start of bear trend.

Breaking it's ATH barrier of $64k seems quite high at the current market conditions with not much support to the market at this timea and prices tumbling between $30-$34k and we might see another fall in some days if all the China panic and altcoins session is over.But with the bull anything is achievable and we can't exactly predict the future but to be reasonable and justified price mark let's assume $50k within next few months and barricade can be crossed to $65k also if it happens.The pattern suggest rise near Sept-Oct so we might need to wait for that time.

The narrative behind this bull run was that US dollar is experiencing rapid inflation, so the companies will convert their reserves into BTC. But the Fed decided to take measures against inflation, enviromental FUD became quite strong, there are concerns about regulations by western countries, and price decline and volatility have also scared away potential investors, including institutions. There needs to be a large shift in sentiment on this market, but I don't see this happening in this year or maybe even the next year. El Salvador adoption is not enough to create FOMO.

We might see a long sideways these days but it's safe to assume that we are on the unknown territory and it may take more months than expected. What pooya87 showed is likely to be realized but it's also safe to assume it may take longer than expected.

It's really mixed before my vote it was even, people are divided if we are still in the bull or bear market, it's hard to see a good sign if we are still going to pass the $65k mark, but as long as we are still months before the end of the year, anything can happen, Bitcoin can go up by 20% who knows it can reach that again before the end of the year.

well, maybe i was just expecting it, but i would like to see bitcoin price hit $100k this year. although I also think that the current situation, the price of bitcoin is more likely to go down than up because of the FUD from the Elon Musk issue, and China. however, I also feel that the bitcoin price will be as low as $25k, while the high may be in the $50k range. however, I'm still hoping to see a new ATH for this year.

There are only two possible scenarios in my opinion which I've been saying from way before price even broke previous ATH at $20k.
1. We continue the same increasingly bigger bubble 4-year cycle and by the end of this year price reaches $400k+
Considering that the past 3 years starting from the bubble burst in first quarter of 2018 (that means entire 2018, 2019 and 2020) were pretty much the same as the previous cycle (that means 2014, 2015 and 2016) and the start of 2021 is also similar to start of 2017 with breaking previous ATH ($1200 versus $20000) with high difficulty, multiple big drops and a lot of drama at the middle of the year despite price being a lot higher than previous ATH (that is $3k of 2017 versus $30k of 2021). I would say that we are on track so far and I don't still see any reason why this trend should be broken.

2. We finally break the 4-year cycle and put an end to it. Which means from now on we can no longer predict how the market goes, there will no longer be a year long bear market when the big bubble bursts. There won't be long accumulations at a very low price. There could be short big rises and short small corrections from now on.
In this case it is hard to predict things until the new trends start shaping up. But it is quite possible to end the year with a new but much lower ATH, maybe at $100k this time.

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By the way here is a comparison of the two "cycles" and this time the cycle is happening a couple of months earlier but you can clearly see that the pattern has been the same:

China has spread FUD with trading ban and mining ban that will cause people to hesitate to enter and buy more. I have no other ideas than to be optimistic and hope to see a new ATH by the end of the year. So far the $30K is a strong support level that has been broken several time although it was only a short while before the price recovered. But maybe the support will not last longer if the resistance level cant be broken with several tries. Meanwhile today we also experienced another correction which reached -7+%.

They will obviously hinder the rate of price growth so ATH will be difficult.

It is possible. Who knows, I am leaning towards 50/50 of it happening. This is the play we actually had back in 2013. Most don't remember but we peaked in April, just like this year, and then went from like $250 to like $80 or so, people assumed crypto was dead. People were dumping cheap GPUs on Craiglist, and it bottomed in July, didn't do much really until Oct-Nov where it peaked at $1100.

Since we topped $64K we didn't really have any failed highs at like $55k's or so. So I think we are just in a pullback. However the lower this pullback goes the lower the chances of breaking ATH this year. If we don't break $30K then there is a very good chance we hit new ATH. However if we break $30K and head to like $20K, its going to get ugly. Tons of bad press and everybody will eventually want out.

I chose no idea. But it might also not officially be a bear market similar to what some people appear to think. The RSI is showing that there presently is a bullish divergence and the dumps are clearly also weakening.



However, a new all time high might also be uncertain because there might be more regulatory crackdowns. It is speculated that the next targets of the government are tether and Binance’s BNB token.

Source https://digesttime.com/2021/06/21/according-to-attorney-sec-will-sue-tether-and-binance-coin/

The chart didn't yet reach yet to the bottom which the bullish traders are only the ones who keep accumulating but the swing traders are not. Swing traders are still waiting for it to bottom. Looking at the price in the weekly chart it hasn't breakout the support line which is what they are waiting for.

There is a chance for the price to go up if the ones who are trying to accumulate are going to give a chance for the price to flourish again which I wouldn't expect.