Will the price last until the end of the year?

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Quote from: Nasuhalugu on August 23, 2021, 03:24:42 AM

Since a few months ago, a lot of people have been having discussions about the price of Bitcoin whether it will reach the price of $50K. Precisely today, the Cryptocurrency market seems to answer the analysis of many people about the price of Bitcoin that today Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.

for now Bitcoin is 61k$ from it's all time high 65k$
The US branch of the leading cryptocurrency exchange explained that yesterday’s severe flash crash that saw BTC’s price dumping from $65,000 to $8,700 in mere seconds was because of a bug in the trading algorithm. bit I think this dropping of price will not last long because there is another bullish news posted by wallmart, wallmart installed 200 Bitcoin ATMs on its U. S stores this news will surely make an impact with the price soon.

This will certainly create a huge impact on bitcoin's price as its one way closer to its mass adoption. As for bitcoin price, its $60,630 currently and i think this bullish trend will last long until the end of the year. I might not be so sure but tracing the past history, the last quarter of the year usually starts the bullish season until the last day of the year. So if crypto will still follow the same pattern, then its most likely that we will witness a bullish season throughout the year, and may even extend up to early 2022.

RealMalatesta

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Quote from: TheEconomists on October 19, 2021, 04:00:10 PM

Bitcoin price will surely be far above your $50k if not $100k before the end of the year. Don't panic brother, if you have money to invest please do for you will thank me later. Those who continue to hold their Bitcoin till today are continually in profit and those who listen to face rumors have no choice than to sell maybe at lost. Price of Bitcoin may drop down which is normal but at the end it will move higher before the end of the year.

I would not suggest people to do something with their money because it is a risky thing and if you are wrong then you are ruining someone else's life. The idea itself is correct, I believe that it will be over 50k until the end of the year for sure, there is no doubt about that in my mind.

I will spend my own money to keep buying bitcoin and I am not worried about what's going to happen at all, even with such an higher increase in price, I still believe that we are going to be fine and there is no bone in my body that is scared about investing into crypto. However even with that in mind, I still believe that we should not tell others to do something, it is not our own journey so we should not decide the path.

LUCKMCFLY

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For now there are some technical indications that may indicate that what is coming for BTC is a price that will reach the last ATH at $ 64k and can quickly surpass it based on the analysis:

Quote

Bitcoin is showing positive signs above the $61,000 and $62,500 levels.
The price is now trading above $62,500 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend rally and it might even clear the $65,000 level in the near term.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-breaks-key-resistance-65k/

The best scenario for the analysis shown is $ 68k, however when looking at other prediction models such as the S2F it is very likely that this year it will reach $ 100k.

TheEconomists

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Quote from: Nasuhalugu on August 23, 2021, 03:24:42 AM

Since a few months ago, a lot of people have been having discussions about the price of Bitcoin whether it will reach the price of $50K. Precisely today, the Cryptocurrency market seems to answer the analysis of many people about the price of Bitcoin that today Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.

Bitcoin price will surely be far above your $50k if not $100k before the end of the year. Don't panic brother, if you have money to invest please do for you will thank me later. Those who continue to hold their Bitcoin till today are continually in profit and those who listen to face rumors have no choice than to sell maybe at lost. Price of Bitcoin may drop down which is normal but at the end it will move higher before the end of the year.

Finestream

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Quote from: bitgolden on October 19, 2021, 02:18:02 PM

There could be a last situation that sees it dropping as well. I believe that we will continue at least until December, we are going to keep increasing by December, and around December some date in December we may end up seeing some drops. Think of it like something like we are seeing the situation at 100k by December 20th, and by December 30th we are already dropping to 70k. That type of situation is definitely possible. It is going to be; up upupupupupup then DOWN crash hard.

I am not sure if it will be this year, but if it happens this year by the end of the year then I think it could definitely be something that is possible. Surely it is not going to be something that is rare, but I believe that it is going to be something not common neither to see something like that happen by the end. We have seen in it 2017 where it peaked by the end of the December and then started to drop by the end of the December as well and then 2018 was horrible, same could happen again.

No one can really tell if its gonna happen again or not. But for me, i think this bullish price will last until the end of the year but i'm also open to possibilities that there will be market crash before or after reaching bitcoin's new ATH. By that time, the prices will dump again but i believe when it comes to bitcoin, the price won't be as deep like those previous years because bitcoin is already backed today by bigger countries and institutions, too different compared before. Although, we are not yet in a massive adoption but i know right now the process has already started.

bitgolden

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There could be a last situation that sees it dropping as well. I believe that we will continue at least until December, we are going to keep increasing by December, and around December some date in December we may end up seeing some drops. Think of it like something like we are seeing the situation at 100k by December 20th, and by December 30th we are already dropping to 70k. That type of situation is definitely possible. It is going to be; up upupupupupup then DOWN crash hard.

I am not sure if it will be this year, but if it happens this year by the end of the year then I think it could definitely be something that is possible. Surely it is not going to be something that is rare, but I believe that it is going to be something not common neither to see something like that happen by the end. We have seen in it 2017 where it peaked by the end of the December and then started to drop by the end of the December as well and then 2018 was horrible, same could happen again.

STT

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I expect consolidation to develop as the year progresses until we get a firm enough enough support or foothold for further gains. Quite often that can mean lower prices as the markets natural aid to encourage new buyers, just showing a lower price isnt a negative if in turn we gain volume at those prices it will have confirm overall BTC is not overvalued in the 50k area. The worst thing would be to rise with ever lessening volume making the whole set of prices easy to lose on any negative event or selling pressure.

I wouldnt normally look at monthly bars but its coming up a year since we left entirely behind the old range of prices. Though its not near the end of this monthly bar just yet its still true in general we have been lacking in some volume to back this rally which helps raise the possibility we do need to go lower and gain greater volume before rising dramatically higher then our current range despite present gains. If we make a new ATH now it will have been with more apparent selling volume then buying, somewhere that doesnt add up and market might require a full review of these prices hence I think sideways is the most optimistic outlook for this year to end.

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Quote from: rahmatrf331 on October 14, 2021, 11:27:58 AM

Bitcoin is currently in resistance status where the average price is between $55k to $57k. to predict the market price until the end of the year is a bit difficult, where many analysts assume that the end of this year the price of the bullrun market. I also assumed the same thing, but after I monitored several markets, the market might be a little shaky going forward, but the price was difficult to break through $100k per bitcoin at the end of December this year.

but in the last few days the bitcoin price has been in the range between ATH and $60k. currently the price of bitcoin is only $3k difference from ATH, but if I look it looks like bitcoin is having a hard time breaking through ATH and the price is stagnant in the $62k - $60k range.

barbara44

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Quote from: bots1 on October 18, 2021, 07:15:30 AM

In reality, no one can accurately predict the future of a cryptocurrency, if we could, we would all become trillionaires. In the world of cryptocurrencies, prices are very volatile. This means the value of a coin can go up or down very quickly, often for no reason. This makes price prediction much more difficult than traditional markets.

The most important thing is that you always do your own research before making an investment. Never buy cryptocurrency just out of excitement because of a price prediction, or because someone told you about it. Everyone has a different opinion and there is no guarantee that someone will get their prediction right.

Unfortunately there are too many people who are selling the future and there are too many people who think that they are going to get rich by following those people as well. Look at twitter and you are going to see people who are making insanely high amount of money because they are selling the situation and the future and there are a lot of people losing money by following those people.

The difference is that if you are good at what you are doing then you are going to make your own profit and won't need to sell the future to the people. What these people do is that they make 1000 dollar trades and say that they are spending their own money but they are selling it 100 bucks each person and then get like 50 people which means that they are making a profit anyway even if they lose from the trade.

bots1

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In reality, no one can accurately predict the future of a cryptocurrency, if we could, we would all become trillionaires. In the world of cryptocurrencies, prices are very volatile. This means the value of a coin can go up or down very quickly, often for no reason. This makes price prediction much more difficult than traditional markets.

The most important thing is that you always do your own research before making an investment. Never buy cryptocurrency just out of excitement because of a price prediction, or because someone told you about it. Everyone has a different opinion and there is no guarantee that someone will get their prediction right.

rahmatrf331

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Bitcoin is currently in resistance status where the average price is between $55k to $57k. to predict the market price until the end of the year is a bit difficult, where many analysts assume that the end of this year the price of the bullrun market. I also assumed the same thing, but after I monitored several markets, the market might be a little shaky going forward, but the price was difficult to break through $100k per bitcoin at the end of December this year.

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Quote from: Kemarit on October 14, 2021, 12:08:51 AM

Quote from: Oceat on October 13, 2021, 03:29:24 PM

Quote from: Rimueng on October 13, 2021, 01:31:28 PM

The cryptocurrency market has been on the rise again since a few days ago, the bitcoin price has gone up from $45k to $56k currently. Bitcoin has shown significant gains, in fact, the good news is that some experts predict the current rise will continue until the end of this year. Therefore I think the bitcoin price will probably reach over $70k by the end of this year.

Nah, I know I'm bullish but I don't hope anymore that Bitcoin to pass and exceed the ATH within this year. I'm sure the price will play around at $54k to $60k with the remaining months before next year. But of course, if my prediction is wrong then $70k is just next on the line and probably will come in no time.

Why are you too pessimistic bro? we just touch $58k already, just $6k of the last previous highs.

And since October 1, we have like having a bull run already so it's possible that this month alone, we can see that we can achieved a new all time high.

Quote from: Oceat on October 13, 2021, 03:29:24 PM

What I am worried about is if December would be the same just like in the previous bull run then the market would suddenly dump because of the FUD all over the place. Then it's most likely we're getting near to the bearish season.

In the last 2 years though, the December timeline is very bullish, even the bearish trend in 2018, the price keeps going up on December.

Noooo I'm not, it's just that I'm getting used to it that's why it's hard to believe Bitcoin would suddenly break a new ATH after such a long break. It might be the first I would see it if this is really going to happen that would be unforgettable experience. Yeah, $6k is still needed and I wonder if who's gonna drop some money in order for that to happen?

We might have to stick to this price in the remaining months until the end of the year and who knows? My prediction might happen or something good will show up in our screen then BAM Bitcoin is $65k and rising. Time will tell.

bitgolden

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Quote from: Oceat on October 13, 2021, 03:29:24 PM

Quote from: Rimueng on October 13, 2021, 01:31:28 PM

The cryptocurrency market has been on the rise again since a few days ago, the bitcoin price has gone up from $45k to $56k currently. Bitcoin has shown significant gains, in fact, the good news is that some experts predict the current rise will continue until the end of this year. Therefore I think the bitcoin price will probably reach over $70k by the end of this year.

Nah, I know I'm bullish but I don't hope anymore that Bitcoin to pass and exceed the ATH within this year. I'm sure the price will play around at $54k to $60k with the remaining months before next year. But of course, if my prediction is wrong then $70k is just next on the line and probably will come in no time.

What I am worried about is if December would be the same just like in the previous bull run then the market would suddenly dump because of the FUD all over the place. Then it's most likely we're getting near to the bearish season.

I believe that we are not going to crash like we used to, even at 50% that was not long lasting and it wasn't as high. Remember it took us just a few months to move from 20k to 6k and then in a year we were at 3k and took us few years to go above 20k again. Right now, the price went from 64k to under 30k eventually, but let’s say around 30k which was nearly 50% and not more, after that we moved to 58k recently and that shows you that we are doing a lot better these days.

I am not trying to say that we are doing fine, it is just obvious that we are not doing something that is much better compared to previous years. Just move on and focus on the profit you could make because it is not going to be crashing and have a horrible bearish season something like 2018. That was tested and it failed, we are already covering that and making a profit already.

Kemarit

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Quote from: Oceat on October 13, 2021, 03:29:24 PM

Quote from: Rimueng on October 13, 2021, 01:31:28 PM

The cryptocurrency market has been on the rise again since a few days ago, the bitcoin price has gone up from $45k to $56k currently. Bitcoin has shown significant gains, in fact, the good news is that some experts predict the current rise will continue until the end of this year. Therefore I think the bitcoin price will probably reach over $70k by the end of this year.

Nah, I know I'm bullish but I don't hope anymore that Bitcoin to pass and exceed the ATH within this year. I'm sure the price will play around at $54k to $60k with the remaining months before next year. But of course, if my prediction is wrong then $70k is just next on the line and probably will come in no time.

Why are you too pessimistic bro? we just touch $58k already, just $6k of the last previous highs.

And since October 1, we have like having a bull run already so it's possible that this month alone, we can see that we can achieved a new all time high.

Quote from: Oceat on October 13, 2021, 03:29:24 PM

What I am worried about is if December would be the same just like in the previous bull run then the market would suddenly dump because of the FUD all over the place. Then it's most likely we're getting near to the bearish season.

In the last 2 years though, the December timeline is very bullish, even the bearish trend in 2018, the price keeps going up on December.

Oceat

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Quote from: Rimueng on October 13, 2021, 01:31:28 PM

The cryptocurrency market has been on the rise again since a few days ago, the bitcoin price has gone up from $45k to $56k currently. Bitcoin has shown significant gains, in fact, the good news is that some experts predict the current rise will continue until the end of this year. Therefore I think the bitcoin price will probably reach over $70k by the end of this year.

Nah, I know I'm bullish but I don't hope anymore that Bitcoin to pass and exceed the ATH within this year. I'm sure the price will play around at $54k to $60k with the remaining months before next year. But of course, if my prediction is wrong then $70k is just next on the line and probably will come in no time.

What I am worried about is if December would be the same just like in the previous bull run then the market would suddenly dump because of the FUD all over the place. Then it's most likely we're getting near to the bearish season.

Rimueng

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The cryptocurrency market has been on the rise again since a few days ago, the bitcoin price has gone up from $45k to $56k currently. Bitcoin has shown significant gains, in fact, the good news is that some experts predict the current rise will continue until the end of this year. Therefore I think the bitcoin price will probably reach over $70k by the end of this year.

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Quote from: Dhaniii on October 12, 2021, 12:04:29 AM

Many investors expect bitcoin to continue pumping through the end of the year, some expect it to break past highs and some predict bitcoin will hit $75k. but I also hope bitcoin can also penetrate the market highs of the previous year.

yes all of us of course hope the bitcoin price can return to its highest price by the end of this year, but of course we have to look at various factors that can indeed support the bitcoin price increase in the market, now the bitcoin market is starting to improve after bad sentiment due to the Evergrande case has begun to subside and it is clear it's psychological investors will be tested, whether to survive or not at all.

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Quote from: STT on October 11, 2021, 06:59:09 PM

Its not completely random so it is predictable to some extent, the problem is you are competing with the market, with professionals and computerized systems. Trading BTC when nobody gave a dam would have been slightly easier, now we got multiple contrasting trends varied by the time frame. For anything like a year perspective do weekly bars, at least consider all the perspectives not just the most comfortable but its certainly not random in movements. Simplest I could say to dictate buy or sell would be something near to the weekly average, if buying above that average and selling if we fail to maintain it you might do well and be well aware more then a few already trade on that basis I'm pretty sure as you say there is money freely available in the trade but it divided between us competitively.

I have seen way too many people who ended up believing in bitcoin to do one movement and look at charts and draw that line, and another person believing the opposite and drawing another line. It is same time, same day, even same hour, but one shows how it should be going down because of the chart he shows, and the other believes it will go up because of the chart they show. At the end of the day I believe we are going to end up with the right one based on luck and not what we know.

It is obvious that we should not be looking at others and try to guess what it will do, and even if we are doing a chart then we should not be having any type of feeling what it would be doing, because if we do then it could impact our way of looking at the charts.

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Many investors expect bitcoin to continue pumping through the end of the year, some expect it to break past highs and some predict bitcoin will hit $75k. but I also hope bitcoin can also penetrate the market highs of the previous year.

STT

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Quote from: raji1995naya on September 20, 2021, 02:09:57 PM

In fact, no one can forecast the future of a cryptocurrency with any accuracy, if we could, we'd all be billionaires.

Its not completely random so it is predictable to some extent, the problem is you are competing with the market, with professionals and computerized systems. Trading BTC when nobody gave a dam would have been slightly easier, now we got multiple contrasting trends varied by the time frame. For anything like a year perspective do weekly bars, at least consider all the perspectives not just the most comfortable but its certainly not random in movements. Simplest I could say to dictate buy or sell would be something near to the weekly average, if buying above that average and selling if we fail to maintain it you might do well and be well aware more then a few already trade on that basis I'm pretty sure as you say there is money freely available in the trade but it divided between us competitively.
I follow some traders on twitter and they can be masters level mathematics and statisticians, they got alot of firepower behind their judgement. Another guy who does futures has been there gaining experience since the 80's so it would arrogant of me to think I can step up and outdo all proven performance with just my enthusiasm

Topic: Will the price last until the end of the year? (Read 800 times)