Bitcoin Forum

Looking like we starting stage 2 of the big bullrun, target 89k

it definitely looks like it although i am still seeing a lot of panic sells on the exchanges from newbies that has slowed down the breaking of $60k again.
i suppose if the $60k resistance is broken then the same panic sellers turn into panic buyers and we'll see yet another classic bitcoin FOMO and can easily see $70k+ by the end of the week.

We are definitely entering into bull run phase 2 of this year after market correction and institutions and retail investments once again flowing funds into market.The prices have grown 3-4% already and charts are green making price above $56k and soon btc will cross $60k mark.You should have invested at the dips earlier because it's bull run.With growing adoption and rising inflation among US dollar investors prefer to invest their safe money in Bitcoin which provides them safety and high returns side by side.So Hold it until they reach $70k.

Interesting Fact - We have been in bull run since 2010.

It is certain that this stage will continue, the $ 100K target is very likely to happen this year, so the holders who still survive will be looking forward to this moment. I think that in the future the price of bitcoin will make the real estate investment industry even more rowdy, which is increasingly being abandoned and turning to cryptocurrency.

bitcoin is very difficult to properly bear, every time trying to be a bearish market is always a lot of media support and some big investors still want to make bitcoin more than $70k will bitcoin $100/btc this year?

This thread should be moved on the Speculation (https://bitcointalk.org/index.php?board=57.0) board.

There's should be a resistance after a short fullback and here's now the most anticipated price position, it might the start of the bull run season that may have another new ATH.  But yet, it's too early to celebrate since we know that the market price is unpredictable, it's better to hold more and be patient upon cutting your profit.

I liked your Bitcoin price target, it seems we're heading on that price and it should be at $100k until the end of this year.  Giving prediction is very simple but it is more appreciated if you will also give your technical analysis to show how actually Bitcoin price becomes a target of $89k to this stage 2 of bull run that you've said.

Permit me to share this:  Cryptocurrency will ‘subsume the entire gold market cap,’ Michael Saylor says  (https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-microstrategy-cryptocurrency-price-prediction-b1807283.html) -  if the giant tech could have said they bought bitcoin at an average of $52k+ then let be rest assured that we're not going back to dooms days we hard in the past. Basically, there will still be dips as we journey along with this technology but not as we hard in the past. Envisaging another or second stage of the bull-run shouldn't be doubted either becasue the targets for Coinmarketcap that could make bitcoin less volatile won't take long to be achieve which is around the $10Tr CMC, so, we move toward the second phase i presume.

There are some speculations like we could see the Bitcoin price at 80k in April. I don't know whether it could come true. The price has already started increasing and it went up to 58k from 55k today. It looks like there is a new rally now. I wonder where it will stop but I think we could see a new ATH soon.

Because there's Big player are already playing it. They will not let the market crash since they have already a good position for future growth. They simply maintain the price growth and accumulate everytime the price correct. There will be no more massive sell-off unless a global financial crisis occur again.

There might be a continuous record in setting ath since many already into crypto as well shifting in crypto in terms of trading and investing. Now that there are companies that are investing in btc we will see more bullrin coming even there are some drops it can recover afterwards since adoption of crypto is already getting popular not just to whales but with institutional companies too.

People are panicking sell off their bitcoin at $58400 and an immense resistance also waits at $60000. It is hard for this rally to become the 2nd part of the big bull run. Time is needed in order to weaken the bear. However, the longer it takes, the weakened the bull will become.

But I still believe in bitcoin. Already bought a bunch while it was around $51000. Holding and waiting is the best thing to do right now.

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Edit:
Things are getting tougher since bitcoin faces the big bull at 58000. The price is in the hyper volatility which we do not know which direction it will follow next

It's already started when bitcoin took the second highest correction to $43k-$45k in this year and now, we're just on the way to hit that milestone with some small corrections. Just looking forward to see the breaking of $60k price zone as it might target for $70k zone later on. After that, again little correction to aim for the target of $89k in the upcoming weeks/months, IMHO.

Did you pull that price out of your ass or is there some rationale behind it?

I wouldn't call this the "second part" of the bull run/bull market.  It's the same market, just springing back from a slight dip--and there's no telling whether bitcoin is going higher or not.  I happen to think the bull market is nowhere near over and that bitcoin will indeed be higher at the end of 2021 than it is now, but who knows. 

Remember the beginning of 2020 and how everyone thought bitcoin was going to explode at the halvening and people were asking "whenz altcoin season start?!"?  Well, then COVID-19 happened and threw everything off its trajectory.  So when you're thinking about how to invest in bitcoin or other cryptos, just remember that those are some of the most unpredictable markets known to man.

I still believe BTC will revert back down to its major support areas as it is still near its very important resistance levels which, if holds or breaks it down, will again give BTC a leg down. Not pessimistic about it but I believe that's where the real fun is hidden (in seeing the markets settle zig and zag while throwing out really weak hands out of it).

This is our expecting that since there are big players in the market and since they are investing heavily we might not see a crash anytime soon but we are aware of the options market as well, who knows if the market turns from this situation they will hedge against it and make the profit they are looking for, it is hard to understand what these heavy investors are planning.

Yes, it's strange situation or mindset of newbies wherein they rush to buy on every pump in FOMO and the same freebies starts panic selling on the first dump itself. I think Bitcoin will sure go on a rally once it crosses $60k resistance mark but there might be one more correction phase or dumo before it eventually crosses $60k.

^ How did you know this?
BTC price will probably not far beyond the $50-59K range price in the market or it will probably have a stable price during this month. As I saw, there is a lot of predictions here without giving prior support to prove that their predictions are right. For me, I think $89k for the BTC price this year is quite possible and I also believed in that but we can put an exact time when it will happen. Nevertheless, there is nothing wrong if you keep holding on to it.

The growth seems like a true bull trend after gaining good resistance around the $55000 range. Once again reaching $60k can be experienced soon, and this time gradual rise could take the price reach atleast $75k. In recent days the price predictions were big, and I expect the price to rally upto $100k if there is no massive crash happening after $75k.

The resistance turned support at $57k is still holding tight and it's a very important level to watch out for. I still think that this (kinda) bearish divergence + falling wedge type of pattern on 1H will make it break below this level and then again a freefall, but this time straight under $46k. Once it reaches there, I believe it will be there for a while for the accumulation to be done and then it'll boom higher.

I guess its too early to tell, bitcoin has not broke the $60k yet again, and it's been failing for many times already. Maybe if it will passed that price and will create a new ATH then it might continue to move, however, I the way I see it, it looks like price are just volatile at the range between $59k to $53k.. so bitcoin really need to break the huge resistance so it will start breaking bigger walls again.

At this point, I'm seeing the same scenario that the price will fall again as it fail.

I just thought first to reach at $70k and stay there for a while as it stabilizes at the range of $50k-$60k for many days. We are close back to $60k again but I saw that the recovery is getting slow compared to the past corrections. But of course, can't just simply decline the chance and the possibility that we are going to reach that price ($89k) before the year-end or even $100k that most are speculating it to come.

It's true or not no one knows, but it doesn't really matter to me, because my target is not just 89K, so I will keep holding my coin until my target reached. I believe that next month (April) the increase will be more than March, so I think we should buy now before it's too late

Big resistance along the $60k line, if we did break it this week, then we might see a good run to $65k-$71k first before getting to $89k.

I would say though that the heavy resistance is perhaps due to some weak hands selling off, was watching the trade in Binance, it went as high as $58,100 and thought that it will go and continue, but suddenly huge waves of sell order, thinking this could be bots as well. So let's see, another day at the office this Tuesday.

ah there will always be resistance to key price points, we will see it again at $65k and $70k, and beyond.


no its the same bull run, we are just starting another month, April - which historically is one of
Bitcoins big rally months.

I just wanted to take a break for now, because we've been through a lot of challenging days since last week. The price has been declining badly but eventually recovering as of today. Hopefully in April we will able to see another green days to initiate, even though that bullrun isn't accurately going to exist again.

I wanted to believed that we are about to start the second leg of the bull run, however, did everyone saw bitcoin's dominance <60%? I haven't seen it since maybe October or earlier last year. I know that it is not a good indicator, but I'm just surprise to see it going down this March, perhaps the curse of March.

$89k though might take some time, it's obvious by now that the next target should be in the $70k'ish. It will take a lot of institutional money again to flow to push the price to $89k.

April will be a boom for BTC and I am not expecting anything less than a target price of 81K or beyond. The year 2021 might be a year of bull run as I don't see this ending soon.

True, I remember 2018, right after April fools, we have 3 whales coordinating a pump, pushing the price, something like that. I'm not saying that there could be someone that will do that again because we are already in a bull run, but April as contrast to the March, has a lot of price movement.

But let's not jump here, a good $70k in April is good enough for us, we still have a lot of room to wiggle to make it to $80k-$100k this year. Let's not push the boundaries, the market will eventually get to the price we wanted, but we want it not to be artificial and flow its natural course.

Yeah definitely looks like we could see the price start rising again at some point in April. Could see high 5 digits become the norm for a few months, then see new retail investors and institutions alike get used to a high five digit price, and push over $100k sometime this summer.

With the return of the Bitcoin price to $ 58k, it is indeed an indication of another bullrun. The $ 89k target is still too high for Bitcoin to reach
in the near future, maybe the $ 70k target is still a little realistic to reach at first. We are still waiting for Bitcoin to try to cross the $ 60k resistance,
if it manages to return to the $ 61k price in the near future. Then the Bitcoin price should immediately be pumped to the next target.
What for now, all we have to do is just HODL the Bitcoin that we have and be a little patient waiting for the Bitcoin price to rise even higher.

It is not 2nd, it is probably somewhere around 30th to 40th part of the bull run because that is how bitcoin bull runs have always been. They start after the bear market ends (in this case after bitcoin reached $3200 back in Jan 2019) and then continue to slowly rise up. Now each time price sets a new high there will be a correction that could last a week or two. Or sometimes we may see some panic sells and FUD that prolong the accumulation but that doesn't split the bull market into 2 parts, it is the same trend.
That is what have been seeing the past month and will see again after price goes past $75k.

Everything looks good to another new ATH, but you have to be careful, in upward trends you always have to watch and be checking the millionaire portfolios to see how they move, in 2017 it was key to see them, now if it increases a lot it is because it could be entering Institutional money, but when you see in the graph I see a lot of sales, maybe if a whale is entering it is eliminating all the offer, if it eliminates it I think it will not find much obstacle and the price will rise to very good levels of new prices, We could hope that the price is around $ 68k is not bad, also after the favorable news that have occurred in China this has helped the market much more, the important thing is to stay calm and not fall into FOMO.

There is a CME gap between 54.5k and 55k so I'm hoping to get that filled first before we reach a new ATH. Even though those gaps are not always filled, having those is giving me anxiety if we are on the peak like 70k per bitcoin or higher. The correction would be massive and alts would also bleed worse if this happens. They say there are also gap in 3.5k and below 30K but I don't expect those to be filled because many institutions bought bitcoin at 40k level.

pfffft - CME gaps! who cares about those? there have been gaps before which have
not been filled and still we continue up. In this bull market there will be more gaps created
as the price rises with more buy pressure. I would say most people here dont care about
those gaps.

I agree, haven't heard about this so called CME gaps, I'm just aware about their bitcoin future expirations that somewhat been affecting the price at the end of the month. Regardless, today is a good day for us as the price is on another rally to $60k. Yes, buying pressure is here, more money flowing into the market as this point and then April will be the start of whatever bull run we have right now.

Well, looking at the current price it reaches $59k once again though I'm not sure if this is the right indication of the 2nd phase of the bull run but I hope so. Nevertheless, pretty sure Bitcoin is not yet done so sooner or later we will back on track just be patient and keep holding. $89k seems possible however I think reaching $70k is much feasible after the break of this resistance. If the resistance brake this week there's a possibility for us to see Bitcoin in a new ATH.

Seems to be in the right track. Bitcoin continue to move positively,

If more strong support to hold and more good news to show up, it's very possible that we will be able to witness another new ATH,
Still bullish and with more investors to come along, the value will also move according to the trends, keep holding if you are not in need and you treat this as your long term investment.

Are you kidding? Stage2?

We're right in the middle of stage 1.

https://i.imgur.com/tpu9UGK.png

$89k?

At least 6 digits. Quite likely $300k-$350k maybe more.

That's what I like about the high volatility level where we only bet there is the first second and the next minute speculation and analysis just doesn't work in the field of bullrun price movements. sometimes this triggers adrenaline which is very draining the mind. As a bitcoin holder, I don't really think about how the bullrun phenomenon this time will make a person's psychological power become like a heartbeat that is 100x faster every second.

Yes, by looking at this chart, we're not done with the first leg of the 4 year cycle.

Maybe we can have a picture by 2022 then or least hitting 6 digits before we can say that we're on the 2nd part of the cycle.

https://i.imgur.com/irvahuU.jpg

https://twitter.com/ChartsBtc/status/1376265659286347776/photo/1

That's a nice graph. And looking at it, we are seeing hundreds of thousands of dollars here in the very near future, if it will follow the same trend. But all in all, this year really surprises a lot of people. The price boost is really great. If more and more institutions will buy btc and more companies integrate btc payment method, we are really heading to good adoption. And eventually, more demand and so the price increase. Such chart is not impossible to happen.

It is already bitcoin characteristic when bitcoin price passed its previous all time hige then we will see a huge increase. As we have seen when bitcoin price passed $20.000 and just a few days its price is already reached $40.000.

And then, its price just make a sideaway market at $40.000 and need several week to breaken out the box line, after the price passed $40.000 then we already seen its price has reached $62.000. That mean I believe when bitcoin price passed $62.000 and we will see a huge increase from that area, yeah $83.000 is reasonable to be reached even we can say $100.000 as the next target.