Will BTC Go for Another All Time High This Year? - page 3.

Renampun

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Quote from: tokeweed on June 25, 2021, 04:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

I really believe Bitcoin will pass its ATH before the year runs out...

The first thing that makes me sure is that positive news about Bitcoin continues to emerge, which has made the demand for cryptocurrency to increase in recent days. in the meantime, bitcoin will break through $50k and after that $60 will be very easy for Bitcoin to achieve.

carlfebz2

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Quote from: ?? on ??

I project the price of Bitcoin will continue to rise and potentially break new highs later this year. Many large investors who had realized profits will re-enter the bitcoin market. The increase in adoption will push the BTC price forward to the $80,000 level. Adoption by large corporations and institutional investors will push Bitcoin to the $80k mark before the end of the year.

All would really be that always be an speculation.We had already seen the influx of investors on early of this year and did really make out some correction which is a bit nasty and now the market is started to cling up

once again but doesnt mean that we would be reaching or breaking new all time highs but since we had seen in the past on how bitcoin do always make out some surprise then there would be likely for it to happen.

It might not be an assured thing but we do know at least there is some probability and could really happen.Lets just stick with realistic numbers though and not would be talking about 1M/coin which is really
that impossible to happen.

The Sceptical Chymist

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Quote from: tokeweed on August 02, 2021, 10:33:25 AM

So BTC was looking strong last week until it failed to break out 41.3k USD a couple of days ago. I really thought it was going to rip through 45k the day after that. But no... It was a fake out.

Yeah, but I know you've been into bitcoin long enough to know that it could be a very short fake out. At least bitcoin didn't drop into the low $30k range--and right now as I write this, it's just above $45k. So my take on it is that bitcoin is in "hovering mode" which it goes into from time to time before it picks a direction.

I know this thread is a bit old, but I voted in the poll that I think we're going to see a new ATH by year's end. There's been a lot of institutional buying, and the price has been fairly stable in the face of some pretty dismal news (government regulation all over the world). That tells me that sentiment is bullish, and it's just a matter of time before bitcoin starts its upward trajectory.

I've been wrong before, of course, but this time I think I'm right. Lol.

BITCOIN4X

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Quote from: ?? on ??

I project the price of Bitcoin will continue to rise and potentially break new highs later this year.

That's great, but if you think it will always go up then I think you're forgetting that a correction can happen at any time. In the longer term, perhaps a new ATH will be reached and a correction should be along the way and continue to grace this cycle of bitcoin price movement.

Quote from: ?? on ??

Many large investors who had realized profits will re-enter the bitcoin market. The increase in adoption will push the BTC price forward to the $80,000 level. Adoption by large corporations and institutional investors will push Bitcoin to the $80k mark before the end of the year.

The adoption and interest of institutional investors in bitcoin investment can be used as a fundamental factor to predict its price movement. Price hikes need a process, definitely a good supporting factor to see new ATH this year if they have a big interest in bitcoin.

BobK71

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The market indicators are very positive so we all hope that this time we will see the highest price of BTC through another bull run. This is relevant. Moreover, now the institutional investment has increased more than before. Elon Musk, paypal, amazon all are support bitcoin. So hopefully at the end of this year we will see another ATH on behalf of bitcoin.

Devifajarina

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Quote from: tokeweed on June 25, 2021, 04:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

Sentiment usually occurs in wo threads or other threads, because this is a discussion space that is open to anyone in it, without any restrictions on starting discussions or studies related to the current crypto world, so sentiments still occur accidentally. .

It is very likely that what will happen to Bitcoin later this year is beyond people's predictions, where market conditions and Bitcoin conditions are currently quite stable in movement, to penetrate the highest level it is quite open for bitcoin, based on the market scenario that occurred in the last few months, to reach the number 65k USD is very open for Bitcoin at the end of this year.

rahmatrf331

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Quote from: TravelMug on August 16, 2021, 06:54:07 PM

Quote from: KennyR on August 16, 2021, 06:51:01 PM

The ongoing market move seems to be a transition from the bitcoin pumping towards altcoins. This looks like the market is towards a rise through the altcoins for some time period. Major price corrections could take place after this. There is more of the gradual growth moving the price within specific margin. Maybe someone's influence could cause big change in the market, without which there is very less chance for a new ATH this year.

And after the altcoin pump, where do you think those investors are going? Right, they will all move to bitcoin after a hard pump and dump on their favourite altcoin then profits and then switch back to bitcoin again. That's always been. the case for years, so we all know what's coming to us. Maybe by September we will see a huge jump and by November with the taproot release we might see a new all time high this year.

We can expect to see the bitcoin price return to $60,000 by the end of this year. But we don't know when this bear market will end, but we can be relieved that the bitcoin price has broken through $45,000 and hopefully it doesn't drop too deep. I agree that the bull run could come again this year before the end of the year. In the meantime, we need to enjoy the moment and still profit from buying low and selling when the bullrun occurs again.

CaVO32

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Quote from: TravelMug on August 16, 2021, 06:54:07 PM

Quote from: KennyR on August 16, 2021, 06:51:01 PM

The ongoing market move seems to be a transition from the bitcoin pumping towards altcoins. This looks like the market is towards a rise through the altcoins for some time period. Major price corrections could take place after this. There is more of the gradual growth moving the price within specific margin. Maybe someone's influence could cause big change in the market, without which there is very less chance for a new ATH this year.

And after the altcoin pump, where do you think those investors are going? Right, they will all move to bitcoin after a hard pump and dump on their favourite altcoin then profits and then switch back to bitcoin again. That's always been. the case for years, so we all know what's coming to us. Maybe by September we will see a huge jump and by November with the taproot release we might see a new all time high this year.

At least reaching $65k is quite possible as compared to other speculations of reaching by $100k. We already saw btc to surpassed the $60k mark so reaching the $65k is not impossible to happen. We need more good news from top companies or other governments showing support towards crypto. Or maybe, it would take only one giant company announcing the acceptance of btc in their system to see another huge pump. Who knows?

TravelMug

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Quote from: KennyR on August 16, 2021, 06:51:01 PM

The ongoing market move seems to be a transition from the bitcoin pumping towards altcoins. This looks like the market is towards a rise through the altcoins for some time period. Major price corrections could take place after this. There is more of the gradual growth moving the price within specific margin. Maybe someone's influence could cause big change in the market, without which there is very less chance for a new ATH this year.

And after the altcoin pump, where do you think those investors are going? Right, they will all move to bitcoin after a hard pump and dump on their favourite altcoin then profits and then switch back to bitcoin again. That's always been. the case for years, so we all know what's coming to us. Maybe by September we will see a huge jump and by November with the taproot release we might see a new all time high this year.

KennyR

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The ongoing market move seems to be a transition from the bitcoin pumping towards altcoins. This looks like the market is towards a rise through the altcoins for some time period. Major price corrections could take place after this. There is more of the gradual growth moving the price within specific margin. Maybe someone's influence could cause big change in the market, without which there is very less chance for a new ATH this year.

STT

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Quote from: DU18 on August 02, 2021, 10:10:19 AM

for this year I think $65K will be the highest price for bitcoin and most likely under current conditions the price will not be broken this year in my opinion

I think similar but the wider picture and pressure on price will come from inflows vs supply and to really get a higher price also likely needs momentum to develop. We do have some of that, in a slow and steady way the 50 and 200 averages are both higher each day because price is accumulating and so that helps. Perhaps the 50 day needs to be placed above the 200 day for full speed ahead, I think its below presently; I'm not too fussy on this but its not a bad point that speed requires some time to select the right gear to proceed forward and upwards with inertia on our side.
'Only' 4 months left, 2022 is a better bet tbh

dezoel

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Quote from: Oilacris on August 16, 2021, 03:07:47 PM

Quote from: Sanugarid on August 16, 2021, 01:16:11 PM

Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

Cant really blame out people on why they do have always the impression that Bitcoin could go high on last quarter of year.Big chances or Bullish runs do really happen on these months and based up on experience then

people would surely mind off that it could possibly happen on this year once again but we should consider that its just having a chance not a guaranteed one.All time high type of questions are common but honestly

no one could ever predict on what would happen in the future.It would always be varying on the demand and recognition.

That's because bitcoin did that many times before. Every time that we had a huge increase it usually happened during the last quarter of the year, so it caused people to believe that same would happen over and over again.

Nobody realizes that in 2018 we had 6.5k+ in price but then craig wright sold a bunch of (thousands) bitcoins and price crashed to nearly 3k levels, all that "20k to 3k" drop wasn't that quick, it dropped from 20k to 7k levels, and then craig sold and made it 3k, which is not that far away from our 60k to 30k drop, it was 64k to 28k at peak and bottom, which is close to 20k and 7k that happened back in the day, but there was no craig that sold this time so it didn't crash harder. So people see these resemblances and they believe that the same thing will happen again, which is why I honestly think that we will see the same thing.

Oilacris

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Quote from: Sanugarid on August 16, 2021, 01:16:11 PM

Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

Cant really blame out people on why they do have always the impression that Bitcoin could go high on last quarter of year.Big chances or Bullish runs do really happen on these months and based up on experience then

people would surely mind off that it could possibly happen on this year once again but we should consider that its just having a chance not a guaranteed one.All time high type of questions are common but honestly

no one could ever predict on what would happen in the future.It would always be varying on the demand and recognition.

Sanugarid

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Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

jakdanyel

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I see that most of the users joined the topic are thinking the same way with me. I also think that Bitcoin price will reach a new all-time-high in this year. And it won't make do with only $65k. I think that we will see at least $80k. And I hope to see $100k. I would also make a great deal of profit if it happens.

tokeweed

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So BTC was looking strong last week until it failed to break out 41.3k USD a couple of days ago. I really thought it was going to rip through 45k the day after that. But no... It was a fake out. I hope it recovers all the lost ground and breaks 41.3k this week, cos if it doesn’t, it could start going down to 30k again. Meh.

DU18

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Quote from: tokeweed on June 25, 2021, 04:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

for this year I think $65K will be the highest price for bitcoin and most likely under current conditions the price will not be broken this year in my opinion, but it does not rule out that the price of bitcoin will be able to reach its latest record price in the next few years considering if 4 once a year bitcoin is in a halving day moment and of course that moment will greatly affect the increase in bitcoin prices because the bitcoin supply will decrease by about 210 thousand blocks every time a halving day occurs.

btc78

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I'm not sure if this is still possible in our situation now and even the Wall Observer thread has divided belief in this matter , I'm afraid that we are having another hype more than 64k this year.

Quote from: 777Jolami on July 31, 2021, 07:52:01 AM

Quote

I like what I’m seeing right now btw... I’m hopeful but BTC isn’t out of the woods yet.

ya, We have repeated in frame 29k - 41k many times but can't break it. It's great that we were able to get out of that dip, some people didn't believe in bitcoin optimism, got Rekt and no more Dips to buy. This move makes us face many new psychological thresholds but I believe, the market passed 41k - that is the recovery. hopefully we get to a new top at 80k - 100k.

wrong mate, it breaks the 41k today actually bitcoin almost hit 43k this day alone .

777Jolami

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Quote

I like what I’m seeing right now btw... I’m hopeful but BTC isn’t out of the woods yet.

ya, We have repeated in frame 29k - 41k many times but can't break it. It's great that we were able to get out of that dip, some people didn't believe in bitcoin optimism, got Rekt and no more Dips to buy. This move makes us face many new psychological thresholds but I believe, the market passed 41k - that is the recovery. hopefully we get to a new top at 80k - 100k.

molsewid

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Quote from: gabbie2010 on July 22, 2021, 04:42:02 PM

I also voted yes bitcoin always recover from any of it major correction or dumping exactly in the wake of Covid-19 first wave in 2020 the dumping of bitcoin price was massive then however price recovered and gain momentum till it broke last ATH to reach $65K, it price couldn't break the support at $29K to $30K after several attempts is a good indication of price reaching $65K before the end of the year coincidentally the price had rallied above $32K possibly heading to $34K the next resistance thus 'slow and steady wins a race' it obvious the price will reach the target

Count my vote for a yes to another all time high of bitcoin this year, I am very much positive about this because we are still 5 months left before the year ends so there are still room for bitcoin for a great comeback after a long run resistance of btc price between 30k-35k. I can say that bitcoin is too far different from the bitcoin that I've known the first time I landed in crypto platform. It is now more known and people are getting more interested about it as time passes by so nothing is impossible for the new record breaking ATH of BTC.

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