Bitcoin Forum

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

No one can know about that. But 1 thing for sure, lot of people will cashed out when bitcoin bounce back or reached $60k- 64k again as bitcoin ATH and the rest still certain bitcoin would be hit $100,000 in the future (no one knows how many years it would be take)

I think no because only the technical analysis indicate that we are near the bear market but fundamentally bitcoin is more strong than ever.
Also the On-Chain data suggests that 65,000$ was not the top. I think this bull market will be like 2012-13 where we have two peaks in the same year.

We can't say for certain, too early so say that we have reached the peak already. Although we really didn't expect that the price will really hit a massive downturn this month due to FUD and some negative news floating around by crypto influencer.

I would say give it some time though, bitcoin's fundamental is still the key here. Bitcoin is going global, many institutions and big companies are hedging their balance sheet into it. So there's still some optimism that we can bounce back again and ht another all time high at least at the end of this year.

On-chain data does not show what whales do using futures. It is possible that they hedge their BTC positions at the top and will deposit real BTC to exchange at the bottom making additional fud. BTC futures has couple times bigger volume than spot. There was no futures market during 2013, 2017 bubble. On chain data may not show what wall street whales do with their insider knowledge.


If we will survive this dump and recover in next few weeks than nothing will stop bitcoin from going even to 200k. But will we bounce back? No one bought the dip. We crashed to 30k ... we are at 35k now. There was no strong recovery. We crashed all bullish indicators. Supports, trend lines, MA200. Every technical trader will short every possible bounce. Every price recovery will be hit by short positions. We will need super strong buy pressure that we do not observe here.

The only thing that makes me think that it was not the top is the environment (we have stronger and stronger fear of inflation and lack of faith in long term strength of US dolar), we set ATH as wyckoff formation (not as short squeez moon shot and bubble burs - like every other bubble - not only BTC but also dotcom and others.

Not at all. I am going to quote someone from the WO thread because I think his post summarizes the situation perfectly:


We are going to at least surpass $100K this year.

This chart is useless

1- it does not shows API orders
2- it does not shows stop limit orders
3- it shows current situation in orderbook only
4- it is normal to see the advantage of buy orders on this chart when price is crashing. When you are a middle size whale and price is crashing down with big volume. Would you market buy or create a buy order close to supports? If price is crashing and you want to sell. Would you create a sell order at 40k or 45k?

We have 55 bilion $ volume on BTC. Do you really belive that 17 miilion $ (500 BTC) is enought to push price +50%? Thats less than 1 minute volume candle XD

Most probably. That was it for the first half of this year. The rest would happen in the second half. The current price signifies the bull run is over. $35,000 is way too far from the ATH at $65,000. We cannot simply say we are still at a correction right now. This is already the bear season, which was made to happen by a lot of rumors spreading and some negative comments. But this does not mean that we will not break that ATH within the year. I still believe we will in the second half.

It could be the peak but this year hasn't ended yet so if the market bounces back that $65k resistance could be broken. The hope is that BTC had reached mainstream media and people are not trusting banks anymore.

The deeper the price goes down, the more fear has instilled about Bitcoin FUD. This price hasn't bottomed yet so there will be a chance for holders to actually sell, it will be easier to see where the market will go if the price bottomed already.

I'd think so yes. I'd rather think that the rest of the year would end up being actually stabilizing the market, since the bull run the past 5 months or so was, well, just that quick. I wouldn't say that the price would go down though, but the price will definitely play around the 40 maybe 50k levels if lucky. I'd reckon it wouldn't go down much, and even if it did, it would be short since it is a buy opportunity for the majority after all. I'd reckon that it'd be quite a quick bounce up if it ever happens.

It’s not holding 35k anymore as the sell down continues.  And how things really are rn, it’s looking like 65k USD was the peak.  Sucks..  it was fun while it lasted tho.  For a while there I thought I was gonna get very rich.  :D

And isn’t it weird that the sell down happened during a Sunday?

Very high chance that yes. There isn't much hype about Bitcoin, there hasn't been any major positive news for a long time, only FUD. No new big institutions have publicly announced that they bought BTC or plan to adopt it, which was the main drive behind this bull run. Bears are dumping more coins than bulls can buy.

No 65k was not the top, the reason why I think this is that the market behaved in a weird way when we reached the top, basically the price remained close to the all time high for weeks as if there was no buying pressure.

To me this was the whales not wanting to go all out so soon and they let the retail investors to push the price up, then they took advantage of the FUD created by Musk and crashed the price, now that they are happy with the amount of coins they have then they will begin to push the price up once again, I can easily see bitcoin reaching a price of 150k or even 200k at the end of the year so I do not see the point of selling now.

It's at $33k right now, and when I woke up and checked the altcoin market, it looks like a lot of coins are seriously in the red as well. 

Could $65k have been the high?  I don't know.  The only thing I know for sure is that bitcoin is going to have to double in price to get back to a new ATH, and I'm not sure how long it's going to take for that to happen.  I'm confident it will happen, but whether it's going to be in a month or a year....who knows.  It never ceases to amaze me how volatile bitcoin and the altcoin markets can be, and how fast they can drop.

I'm not concerned for myself, as I don't own much crypto at all (certainly not as much as many folks here on the forum).  I'm concerned about the big players who'd bought bitcoin recently and whether they're going to be forced to sell by their investors/shareholders.  If that happens (or if it's already started to happen), bitcoin is in for even more pain.  Hopefully that won't happen, but it certainly could.

The price of BTCitcoin just slid below $32,000 yet again and the technical indicators will not help in identifying the direction of the market, hopefully we will see the market recovering yet again and we might see the market moving on a range for a while before we see the final rally and that is my expectation.

I hope we might see another rally breaching the present all time high valuation before we see the major correction and that is what i expect but anything can happen in this market because institutional investors have more control over this market.

Yes. Bitcoin will never make another ATH.

Bitcoin will make a new all time high but I'm afraid to see that again this year because $65,000 level is already an over bought level and that's why we are down right now plus the negative news that is circulating around the world. We might see a more sideways trend while we are consolidating and cleaning the market, let's just see the next move of Bitcoin in the last week of May, this can be a big thing.

I don't think anyone cashed out, especially bitcoin holders. The people who bought ETH and DOGE and made multiples upon multiples of their investment, they probably cashed out. However bitcoin holders didn't really make much in terms of %'s.

Pretty sure the people who bought at $33K didn't cash out for 2x gains and same with people who bought $19.5K right before the break, they didn't sell for only 3x gains. And there are tons of people who are stuck holding the bag in the $56K region. I think we might get a higher low at like $49K before maybe testing the $30K or $20K support in the near future. Way too much fud at the moment.

Bitcoin will reach a new ATH this year end. This is just a short downtrend before we see the fierce bounce back of Bitcoin in the next months. Those who say BTC never make another ATH don't own any Bitcoin for sure. They will be shut the fu'ck up whenever BTC price increase.

If it is then we can safely say that the usual 4 year cycle is successfully broken and from now on we can expect a very different trend unlike the cycle of big rise followed by a bubble followed by a year of bear market. From that point we may see a different market, for example a 100% rise bull market every 3 months with a couple of weeks of bear market only.

Otherwise if bitcoin follows the same trend as it used to and so far in the past 3 years has followed we should see the rise continue and the target at the end of the cycle is a bubble at $500k.

But a new ATL™ is comming.

Why do you feel that way? Is there anything different about Bitcoin today compared to previous years when it reached new ATHs with each new bull run?

But Bitcoin did not even meet that 65,000$ mate so meaning either bitcoin is not finish yet or that 64k is the peak.

but no matter what happen , we are still the one that responsible for the prices of bitcoin.

I think I cannot say that 65k$ is the peak of the bull market, because we are far away from the end of bull market 2021 is not yet finish and i think there will be another peak that will come before this year end. So let just wait and witness the 2021 bullrun, i hold my bags till the end of 2021.

I guess so, we might need more time to see that price again as we are heading to a bear market.

The hype is gone, Elon hype is gone so people have nothing to follow anymore.
I might be wrong, I would be happy if I am but this is what I'm seeing now, it's hard to expect something that I'm not convinced will happen.

$20k is possible, $10k is unlikely.

I think that it is already confirmed that it is the peak of the bull run since a lot seems to agree that we have reached the bear market right now. I guess we will just have to wait for it and see what happens next, the market doesn't have any way to go but up in the future.

Everything is possible. When the whales decides to dump, Bitcoin will most likely to fall below $10,000.
Though I also believe Btc hasn't peaked yet this year. I'm still not lossing hope on seeing a 6 digit figure Btc price.
We're still in the 2nd quarter, and there are still a lot of price actions that's going to happen.
Elon might be back with his another gimmick to hype up Bitcoin or other shitcoins.

Well many people really says that 65k$ is the peak of the bullrun and believe that bullrun really ends but for me the end is far from now. The market is dumping but i still believe in the next few days bitcoin will still rise up and it's price may continue to rise just like from the past after the dip there is always a rising of the price so I am not afraid of it.

All Time High
Apr 14, 2021 (a month ago)   $64,863.10
https://coinmarketcap.com/currencies/bitcoin/

It came pretty close to $65 k so I rounded it up to a closer value.

$ 65k is not the peak of Bitcoin price this year, there will still be another peak after this correction,
yes, from the history of Bitcoin price, bitcoin price can be corrected up to 50% more to be able to continue its trend,
this is what makes crypto currency special, high volatility makes investors and traders like to play here, don't get lost, and learn technical analysis.

I studied the math and science of bitcoin and confirmed news sources.


Yes. Now more people are aware that bitcoin has failed.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.

You needed to have deeper understanding and willingness to gamble with fate, it's not the peak as we are still in this early quarter of the year, there are many possibilities that may happened.

If you are willing to take your place better to start now and have a better benefits once the market bounced back and bring another bullish momentum.

It's your decision to make from how you percepts the outcome of your investment, invest wisely..

It's too early to tell that the bulls is already winning. We are currently below 40K level which is a very crucial price for bulls since the price can close above that level since the dip occur. I'm not negative about Bitcoin but it feels like somethings gonna happened considering how slow the market recovers.

I don't think so i am open with another peak I believe that 65k$ is not the final peak and in the few days from this moment there will be another rising of the price an the final peak will maybe occur by that time year 2021 has a good start of crypto market and i believe that it has also a good end so I'm waiting for the next higher peak than 65k.

How fast do you want the market to recover than the way is doing currently. Etha was below $2k as at yesterday and now as at the time of this post is trading around $2,600 and same margin with Bitcoin. How fast do you want the market to recover. And by tomorrow hopefully we should be talking about Bitcoin above $40k.

The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.

so far, it can be concluded. however, the current price has dropped and is below $ 40k. If there is an increase in price, I think it will be quite difficult for bitcoin prices to go up to $ 65k again, especially if there is no support. however, we don't know what developments are ahead, but if the price returns to pump quickly, it looks like there will be a new ATH this year.

I think there was a lot of long futures that got screwed over in the drop and that will get higher and higher and that would mean that short futures would be doing something insane, there are TONS OF short futures and only a few long futures because of this difference and rules of arbitrage says that if you do have a long future right now that means you are going to earn way more than you normally would.

Basically you are betting 1 dollar and other side is betting 100 dollars, obviously they have a better chance but they are also risking so much more. That is why I think it is going to be quite fun to watch the price go up because everyone will be focusing on that. We even started already, and that 50k+ will come as well.

All that bad news and yet it was still a relatively simple pullback.   By some measures it exceeded the 200 day average but by using main market charts which only include a 5 day week (https://talkimg.com/images/2023/06/12/AJ5DC.png) the price fell almost exact down to the big moving average most commonly followed.  The most simple and widely followed indicator, to pull back there is quite normal then yet there was a stack of bad news that occurred with that so my idea of weighing it up is that a proper negative would have pushed us further.   That might yet come but so far its not down much past profit taking. I already expected that some time this year as patience always wears thin and hot money will move onto the next big trade.
  Cooling and reheating is not especially a demonstration of weakness in the market is my take, sounds alot like how they make steel and thats how I view most action a necessary process to forge price action hence a new high remains possible.   The biggest clue would be ongoing monetary policy etc.  DXY remains low.

Looking at the price is still high enough compared to the price last year and speaking of pumping from $35k to $65k will take a few weeks if there are large institutional investors going to join the market. If you have noticed how fast the price pump from December to January then straight to February I guess you won't need an explanation. All we need is a good news and a FOMO will do the rest of the work.

For now, Bitcoin is still lurking at the $30+ levels and nowhere near going to dump or pump to another level. FOMO or FUD will going to tell where the market is headed. So let's hope it's a good news since I'm still very bullish.

There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:

https://i.imgur.com/f7QeRg0.png
Source: https://dailyhodl.com/2021/05/26/bitcoin-bull-market-just-warming-up-says-on-chain-analyst-willy-woo-heres-why/ (https://dailyhodl.com/2021/05/26/bitcoin-bull-market-just-warming-up-says-on-chain-analyst-willy-woo-heres-why/)

Many investors predict that BTC will reach minimum points, but I am fully convinced that this will not be the case, normally when a single option is predicted a lot, the opposite happens, and I think that with what Woo says plus what PlanB says is enough , I trust the S2F a lot more.

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

In the grand scheme of things these strong market is just an indication of the high market valuation it could reach but that does not mean that we will see these higher valuation particularly in this rally. I am bullish in Bitcoin as well in the long run and i wont be surprised if we already saw the all time high valuation for this rally but i would like to see one last rally before the major correction.

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

It is true that the price of $ 65k is the peak price for now, we can't predict the future. Therefore there is still a possibility that this year Bitcoin could
rise higher than the price of $ 65k, because Bitcoin movements are unpredictable. Actually we don't have to worry whether the price of $ 65k is
already the peak price or not, the most important thing is that we continue to collect as much Bitcoin as possible. So when Bitcoin manages to
go higher, the profit we generate is getting bigger. Therefore we really have to prepare everything before that happens, but even if Bitcoin fails
to climb higher, there's no need to panic. Because someday Bitcoin will definitely be able to rise above the price of $ 65k.

After reaching $40k, the bitcoin price back to the lower price at $37k and I guess that situations will be like this for some time. We need to modify our strategies if we still want to trade because, at this moment, bitcoin price is hard to predict and we might miss something if we do not analyze for more. Bitcoin can increase more than the price now, but it seems bitcoin needs more support so the price can break $42k and still grow. But I am still sure that bitcoin will rise at the right time and will give us a surprise later.

Bitcoin already take 40,000$ value in the last 24 hours and i think this is a good step for the new climb.

Hitting another ATH maybe take some time again but for the whole year? yeah that will be the next step.

Nope , if you are talking about Peak for the whole year of 2021 because the 64,000 and not 65,k peak of ATH is just a middle of the growth this year and for me 100k is the true maximum level.

$65,000 might be the peak of this current bull market or it might not be :).

The market right now is down at least half because of what happened this past few weeks. Elon Musk tweets and add also the fact that the whales manipulated the market buy just simply buying it while it is going down and then sold it immediately to further push it downwards.

I think that the short correction is over and we are right now in the recovery phase. As for me, I don't think that $65,000 is the peak of the bull market and I believe that we might see even higher price before the end of the year. Most optimistic prediction for me is $100,000 by the end of the year :).

There's still a lot of time this year so I wouldn't worry too much that 65k is the highest price of the market for this year, the prices are already recovering and we might be seeing a big pump in the next coming months, who knows what's going to happen next, let's just watch and be there to bear witness when something big happens.

It is too early to tell if bitcoin has already reached its peak this year. We are just in the middle of 2nd quarter now and it already reached that $65k ATH few weeks ago so there is still a lot more stuff going to happen this year. Most often bitcoin and other cryptos pump hard during the 4th quarter especially during November and December but it is still hard to predict if this will happen again because crypto is very volatile. It could pump before those months like reach the speculation of $100k per bitcoin then dump before the year ends.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

if you want to see another ATH you just have to convince elon musk to buy more bitcoins and invite his billionaire friends to buy bitcoin and tweet about the advantages of bitcoin. leaving joke aside. this question of price is something very complicated to predict, many people have made a lot of profit and probably if the price is not increasing then people will be selling, this constant selling pressure will make the price not increase much and fluctuate in some regions


Tom Lee predicted that the price will reach $ 100,000 this year ... I still think it is exaggerated, but there are so many people with optimistic forecasts that now it seems that everyone has crystal balls

all will not know later and then about the behavior of the market and what you say is true, but we can predict from the habits that have been experienced even though it does not guarantee the truth. at least there is a handle to be able to analyze the outline.

but $65K does not mean the peak of bitcoin at this time, if it will happen from the experience of 2018 at the beginning of the year there will be a correction and cannot move to go up again and this did not happen this year. so this can be said is, there is another side that makes bitcoin experiencing a very deep correction. maybe it can be from @elonmusk or also the bitcoin ban in china where it happens at the same time.

thus causing panic from investors who are afraid of losses, by taking steps that the market accepts that there is doubt about bitcoin, resulting in the correction. but we do not believe that the correction will last long and bitcoin will come back again as the forecast was clearly visible from the beginning of the year. we are waiting patiently for the market to turn around well again.

True but as a market that is very volatile, it might not hold for a long time. Just like what we are seeing, we will jump to $40k then gets rejected. So I will assume that there are traders shorting bitcoin at this bearish trend. That's why the accumulation period doesn't work until you buy when the price goes down hold and don't trade.

There are even some TA that we are forming a double top similar to 2013, so it might take some time for the market to bounce back, but there's a big chance that we haven't seen the peak yet, at least in 2021.

The marketing concept never changes at any time. as an investment player must know the concept, when there are many sellers and no one is interested in buying, automatically the market price will fall and we are a lot of buyers and BTC is not able to be available, then the market price will rise.

it will be like yesterday where BTC was at its maximum and there was less interest from buyers, so the price fell to $ 35k.

I think the peak will be around the peak of the stock market. The stock market should peak when Covid is behind us. Which seems like in the next 2-3 months or so. No more stimulus and everything returning to normal. The issue is that Biden wants more and more trillion dollar stimulus even after covid is said and done.

So this rally could continue for years however at a much slower pace and BTC could also follow. However if the volatility of BTC is low most people will probably sell it and leave. Too many impatient people out there in stocks and crypto these days. GME is mooning again but I am pretty sure many already sold earlier because it looked like it was going nowhere and now it might break the ATH again and go to like $1000 or $2000 and bankrupt more Hedge funds.

I hope it's not it's too early to tell, yes the market is struggling right now but we are just in the fifth month of this year, we are in a struggling period but things will be better when we hit the third quarter I still support the belief that Bitcoin will reach $100k this year, I hope for a long bull trend, we've had a long bear we should have a long bull too.

For now, this is considered the peak since we don't know how high will it go. Remember that back in 2018, they also thought the same thing but 3 years later, we haven't touched that prices for about 5 months now.

That's right, we still have 7 months left to see if 65k USD is the peak of bitcoin for this year and my only advice is to just sleep away and let all of this go by and we will be surprised that the prices have gone much higher when we least expect it from happening. @Mcobian is right, be prepared for what is going to happen in the future, it will be uncertain but you might want to bet on the fact that the prices will go much higher than 65k.

But don't forget that the news that release on the market can affect the market and push the price to the high or low price. I am sure many people are interested in buying and selling bitcoin, and the bitcoin will always be available. But sometimes, the whales or big institutions can hold the price not to increase or decrease to the price they want.

That is what happens to the bitcoin price now. We already saw the price reach $41k, but then the price is down and even now, the price reaches $36k-37k.

bitcoin has a good technology and very promising than other cyrpto currency in the market wherein even it fell so many time it will always recover and makes all time high value.. In fact this situation is not the most worst  in bitcoin history if we will compare  this to some manipulation way back 2017.. So we don't need to act like a kid wherein in just a simple story telling we will believe.. Lol  too good to be true because bitcoin still stronger than before..

yes I still believe $ 65k will be reached in the next few months, and I believe this is a bear trap that has been planned by whales,
because there are already many people who want $ 25k, of course this will make the market situation uncertain, so be wise in opening positions ,
if you already bought bitcoins when the dump happened at $ 30k then I guarantee you will win

If you planned to hold for long term investment then it's for real, buying at that level gives you all the edge in terms of gaining profits.

You just need to continue working on it and not to fall in any bear trapped we might see more dump as the situation still uncertain, pressures from big bag holders are tough to assess.

They can pull the triggered and see more deep, be positive and look for the future benefits, it will help to continue trusting this asset.

Thank you for having the same opinion as me, because most people are usually pessimistic about the current market conditions. Even though
there is still plenty of time for Bitcoin to recover to a price of $ 65k,  we should not think negatively about the price of Bitcoin that has not
recovered. Make the moment now to be able to buy more Bitcoin at a low price, it is possible that within a few months from now the Bitcoin price
could rise above $ 65k. If we believe in Bitcoin, I believe we will have a pleasant surprise.

I believe the next peak of bitcoin in 2021 will be higher and I predict a steep rise towards the 100k USD area where there will be at least 5 more peaks which have not been seen.
And from now, it's going to be a good idea to save your bitcoins and even buy from it at a lower price than current BTC prices (but don't over do it).

well, I also think that the bitcoin price could hit the price of $ 100k this year. Well, even though when the price hits the price of $ 65k, the price of bitcoin goes down and is in the range it is at the current price, but I believe there will be a next bull market that will bring bitcoin prices to reach the price of $ 100k.

Yes, $ 65k is the peak of the bull market of the current period. we are currently on our way to the bottom, and no one knows how deep the price of bitcoin will fall in the current bear market period. pray that the bitcoin price doesn't fall too deep  >:(

It is still not a sure thing that this cycle is over, we have seen in many occasions that the bull market suffers a heavy correction and then a few months later it goes up again, to me this seems like the most likely scenario as I find unlikely we could remain as close as we did to the ATH for weeks when this is not a common behavior we have seen in previous bull runs.

This tells me that was not the ATH and this was an attempt by the whales to get rid of the weak hands, and they were incredibly successful, while at the same time getting cheap coins in the process.

$65k for a bull, it must a rare breed ! but cheap, just 1 btc :), if it's really a superb bull !

I would pray it will fall so the weak hands will panic and gives more opportunity to buy at the dip. it should not be new to us, we have seen this many times, and bullish can't just last for a long period of time, we are lucky to still see a good price now but I have a feeling soon it will really dip and might even all below $20k which was the ATH before this bull run.

I may look bearish now, but that's me, that's what I see in the current situation, we can't blame people for panicking when their favorite star (Elon) slowly fading his interest in bitcoin.

an ev car dealer trying to shake you from your coins? will it work? when was it a good time to depart from btc to buy a tesla, and more exactly how long was the trade working? the ev lose value fast, in all market conditions...

Yes, you are right, what happens is that the conglomerate when the BTC is falling tend to get carried away by emotions, and this causes many to sell, it is what we commonly call the weak hands. But analysts like Woo, like PlanB with its S2F model have much more experience in short, medium and long term analysis. In my personal experience it has always identified me to follow the S2F prediction, I have read a lot about the model and I have the full conviction that it will be fulfilled, not only because it predicts that BTC will reach $ 100k or $ 288k, but it is not an indicator or tool Because the model has expiration, only the fact of having expiration means that it has a technical and fundamental basis with a lot of acceptance, since important world events cannot be predicted. This implies that at any time the BTC market we can see a big bullish jump, you just have to be patient.

Yeah and the years before that too all thoughts and predictions were blown out of the water. The last time anyone saw price below 1000 was in early 2017. Also four years now.

The thing also to say is 288k is very much in the play. Everyone is worried now but we shouldn't be, we're still way in profit now if you look at it from any angle.

By the looks of it we have to accept that the bull run is done for now and the peak was that level, this doesn't mean that we will never go up, it just means that we would have to separate the next bull run and the last bull run into two that's it. Like let's say from October to early may it was a huge and very long bull run right? That's a bull run, now we are done, and if we ever go up, which I think will happen soon enough, we have to call that another bull run, not the same bull run going on.

It means that we can call the peak of this bull market at 64k and do not have to calculate anything else. However I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin. The more terrible fiat gets the better it is for bitcoin and the fiat world just sucks sooo bad.

Is that a typo or do you really think so?

I do think so. There are people who seem to think that 6 digits is still possible in this current bull run, but I personally think that is unlikely to happen.

6 digits is almost guaranteed in the long run, especially after the next halving. I think that the long term fundamentals have not changed, if  not improved.

However, this current bull market has clearly ran out of steam and the weak hands need to be flushed out before further gains can be made. The rate of growth of the crypto market was simply unsustainable. Musk's voice has also died down quite a bit.

Me neither. And I'm not just saying this out of deflated opinion, I didn't see it at all even during the big rally over 20k. In the long run for sure, but that's next halving maybe so many more years from now. It's still too "expensive" for now and a lot of problems in India and China (that's a third of the world population) for it to be worth that much.

Lets forget about the problem in China since they actually if majority of people will just stake with bitcoins and doesn't care about their issues well provably we can see bitcoin climb up again but since the market is struggling and the movement seems unsure maybe we cannot see the price reach unto the ATH price again but I hope I'm wrong since I'm still hoping to see the price reached at 6 digits in figures.

That's easier said than done though. I know Bitcoin itself is resistant to censorship and no government can block it, but if you are an evil government, you could still perhaps monitor your citizens and see which of them connects to known Bitcoin servers, and if you want to sell it, you can't do it easily or safely (for most people who don't know how to use p2p).

So for all that trouble, it will affect demand.

Have you seen any peaks recently? I don't think so, so that means that 65k for now is probably the highest peak of bitcoin but if we arguing over the fact that it's not the highest then when will the highest happen? We aren't paying our bills with the prospect of the future. All we can do is wait and see if it gets toppled off as the highest peak.

I doubt it is a typo since just a few words later the user you are quoting also put a 64 there.

Like always everything depends on the time frame we are talking about, supposing the bull run is not over, and I think this is the case, then a low 6 figures should be possible, maybe something like 100k to 200k by the end of this year and then we could see a correction, however if we are talking about the next decades then a price of 640k is pretty much a given, now what can you actually buy with that money could be a subject of discussion if inflation gets out of control but that is another topic.

The price action seems to have greater longevity this time so no i think we exceed that peak even now.   Im thinking of 2017 rather then 2019 because 2017 did last for most of the year in continually rising yet it was far more violent then how I observe the movements on BTC this year.    We seem to have the possibility to trade lower but still accumulate enough buying to restablish a trend and reach futher highs then we saw previously.   Its not just set with a downtrend simply and continually being sold on a singular dynamic.
   Also another factor to consider is the dollar index is continually failing to establish any pattern of lows that might lead to a rise in FIAT value.   It could break down and become more obvious in its weakness of excessive supply vs demand, that'd surprise quite a few and lead to a new high for BTC possibly

Peak is yet to come.

I would have bet against it. I wanted or hoped to get closer to 100k.

But now I think maybe we are done.

we need to get way lower or stay flat until Aug1

then I would say the run is dead.

I'm speculating bitcoin will redeem ATH again at the end of the year, peaking maybe around $100k , we see a lot of people popping up against bitcoin so it makes its current price fall around $36k at the moment, not impossible to make a comeback because almost every bad news usually accompanied by good news that makes the market excited again.

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end of this year. So let see how it pans out.

Many predictions of Bitcoin going to 6 digits were created late last year and early this year, it's too early to give up, the worse bear market we have experienced was the start of the pandemic, after that the market picks up, the only bad news we have is Elon Musk and this bad news will soon be over and the market will start to pick up, we have weathered pandemic why not Elon Musk.

I've started thinking like "Yeah, it is the peak.". Because we have been seeing these levels for a long time and the price doesn't give any sign about a possible rally again. It looks like we are entering the bear market.

There is a strong possibility that Bitcoin will reach the 6 digits by the end of the year and possibly even higher than that. Bitcoin ETF approval by the SEC in the US is still on the table.
A Bitcoin ETF means an instant billions worth of investment coming into the cryptocurrency market.

Well I guess the time for bitcoin to recover is still long for a big come back though a 6 digit price prediction may definitely going to take in a long run but hopefully we might gonna see it to become a reality. And I also think that $65,000 is not yet the peak market price of bitcoin because we still have 5 months and more left for this year and for me the most awaiting and exciting part is the end seasons of this year where everyone are waiting for a price pump of bitcoin reaching for another ATH. But actually bitcoin has a long rally of bullish trend this year it's almost take 4 months or almost 5 months.

We are trading in a range bound for a while now and it is not that bad as we are having a good support at $30k and the resistance is above $40k and we might trade in these ranges for a while and we might see the market going for one final push to break the resistance at $40k and if that happens then we might reach the all time high valuation yet again and we might push for further higher valuation and i do expect that the market could reach around $75k before the major correction.

That should be great news if that would happen, however, on the other side, if the support will be broken, bitcoin might result in a big free fall as more panic will happen by the weak hands. The market movement is pretty much uncertain now if you are bullish, it's bearish which is more dominant now and we are witnessing it in the past few weeks.

We've seen bitcoin hit ATH in the last few months but whether it might take another 3 months to get back to ATH, no one knows. But from the convincing speculation that hopes of hitting $100k are getting closer, I smell it.

It'd be a better question to ask is 65k the highest for this year, I'd say there is a good probability of that because good things take time and we've had hype cycle so I consider it'll be a while which is no negative its just requiring patience really.
  To answer forever then surely I dont think thats the all time high ever seen just like I dont think we go to zero, it will accumulate in the same way the dollar is certainly unable to repay its debts made without default which is far too controversial and disruptive now.   Obviously we dont have a clear path, I'm not saying like it must happen but on balance I consider the path of least resistance and it ends with crypto higher so far as I see.

I hope you have a good smell and you really smell that we are going to hit $100k, so many investors are predicting the $100k level, I'm one of those guys who predicted the $100k level and I'm keeping my hopes alive as long as there are only FUDS and no bad news like the pandemic that we've had, hope is still alive and it should be burning.

I'm also one of those people who are optimistic that Bitcoin will hit $100k by the end of this year, so $65k isn't the peak price in my opinion.
Moreover, it seems like a lot of people predict the price of Bitcoin will reach $100k, with many people thinking positively like that indirectly
motivates holders Bitcoin not to rush to sell the Bitcoin they have. That way I hope it will come true that eventually Bitcoin reaches the price of $100k.

I don't think so, this year is still not over, everything is still possible, I'm still optimistic that this year bitcoin can penetrate the new ATH from the previous month.
the reason I have seen lately a lot of news about US inflation I think this will affect all crypto assets, many people will secure their wealth in crypto or gold to avoid the impact of the inflationary storm that does not know when it will end.

Predicting price movements is not certain in reality, related to many new things that can affect it all, but indeed, basically we still apply a sense of optimism and continue to do profitable things, well even though predicting prices to be higher can motivate of what we do.
I think it seems like it will get to that point, but indeed time will determine all that.

A break above $40,000 finally ends the long downtrend. It's a lot of resistance to overcome. Let's see if BTC is able to hold above it.
While we may see another corrective drop for BTC, the worst that will happen is that it'll be stuck in the 32,000 – 35,000 range for a while. The trend and technicals are clearly moving up, a move above $50,000 is not improbable.

The market isn't bullish out of the demand to supply or due to the increase in the usage. Over the last year the users of cryptocurrencies have increased massive. This has made large scale adoption and acceptance. We need to know the market is widening, but the changes taking place in the market is not of anything connective to the technology. Few have acquired a big volume and dragging according to their requirement. So, if those persons wish we can see bitcoin price above $65k

Yeah time will determine all but we should look for the possible scenarios like what news will come up to see what will happen next if we want to earn some money from it, if we don't want to invest at this time well only watching how the trend goes is at least we can do but if we want to be profitable on our times well seeing the potential result will be the ideal thing to do but so far for now its quite good to see how market goes and lucky to bag up some btc at the lowest price gotten last couple of days.

prices already fall from 50000 usd per btc to 30000 usd per btc and everything can happend with this votality of the maket
it is hard to predict prices of bitcoin , i remember when prices was 7000 usd in 2019 and lot of traders say that is the bottom and the chance never come back but we have seeing the opposit , and prices fall under 4000 usd two time
i think the good time for buying bitcoin is when halving approaching this recent bull run is not like other bull run , because prices bitcoin did not rise much from 10000 to 50000 per btc about 5 multiple compared to halving that happed 2017 prices rose more than 20 time

I'm optimistic it's not we are still half of the year there's still hope that something huge is going to happen for the price to break the $100k barrier, we have seen in the past how Bitcoin surge to 15% or even more, Bitcoin this year is breaking a lot of its own record and reaching great milestones, let's not doubt now anything and everything is still possible.

Is it not impressive that an asset can increase in value five times in less than a year? Can you give a different example of such a yield?

It's not fair to compare Bitcoin today with when it was significantly less known and much cheaper. With the rising price of bitcoin, more fresh capital has to enter the market to maintain the bull trend. Of course, yields will diminish over time.

Yield has been diminishing with time. As of now we can see more and more number of altcoins growing in higher multiples with time. More fresh capital has to get into the market, as for now low level people's are investing little funds into cryptocurrency. The trend reversal happens quite often with bitcoin, but to have a sustained bull trend the whales have to stay calm. Because, this year's bull trend is much on the move from whales.

It's for the long haul anyway. Situation quite tough right now, everything sideways from all of the FUD last month. I'm still holding. I need those diamond hands, but I'm so far away from seeing profits! Bitcoin needs a bounce otherwise we see more dump. Mind it, weekend is here and whales is not much interest as of now.

From some details of events that took place this year from Tesla accepting bitcoins as payment, to Elon selling his bitcoins and also rejecting bitcoins and accepting them again, I think $100k is going lil bit hard for this year, maybe next market cycle? the most realistic number in my opinion is between $75k to $80k

What I am hoping for is for at least $60k to be a reasonable goal, or maybe around $90k, we are talking huge returns from today. But the uncertainty is still huge, and who knows if you are ever going to see
that kind of returns again, it could be years, could be days. But like you said, I'm optimistic, too.

I expect Bitcoin will become a better store of value than the dollar. The key is to figure out when to get in and out of bitcoin. As much as I have fun trading my bitcoin, I don't think the market will be there to support such high returns forever.

We do not need those type of things for a rally, we could have a rally without Elon or tesla or any other company to accept. Of course it would be a welcome change to have them back and I would be happy if they did that but it is a "good to have" not "must have" thing in the crypto world. Remember 2017? We didn't have neither Elon nor any other company helping us and we still managed to go up.

It means we need people to buy and in order for people to buy they just need to be convinced that they will make money and that's it, nothing more to it. This is why I believe we are going to see another rally because people will eventually realize they are making a good profit by not selling, price is not going down, it is holding strong and if something is not going down, then the only direction left is going up and people will invest to make that profit for sure.

Rather then try to determine the top of the market its more profitable to discern the bottom pricing and how secure we can buy on various time frames.  Its far more likely there is no top, thats my attitude that we have a greater distance upwards then downwards to cover even as a trade thats the better direction to consider.   For the moment we've been capped at near 40k (https://talkimg.com/images/2023/06/12/AJ6Jc.png) from a few perspectives that was a reasonable area to rest, of course speculators cash out and we pull back but that just makes me consider where we can rest to mirror the recent top

It's pretty known that halving causes the massive rise in bitcoin's price and people know it. There was an enormous similar expectation back in 2016 and everyone saw that bitcoin was capable to rise from $600 to $20 000. That previous experience lead people to believe even more in post halving price rise expectation in 2020, especially when bitcoin handled the pandemic well and didn't fall as it was expected/predicted. So, we got a pretty good rise and bitcoin reached 64K USD (Also, we have to consider that BTC doesn't worth some bucks and a 10x rise isn't possible in a short timeframe).
If we have a look at past, it's obvious that it's not the all-time high and we should expect even greater price. At the same time keep in mind that $100 000 is a symbolic number and people have high hope that bitcoin will reach this price! If we reached 60K, 100K is pretty easy. Will it reach 200K? Who knows, this is crypto!

It looks like the $65000 is the peak right now, the market looks really bad even when we have a great news like El Salvador considering BTC as legal tender, the market is not showing any signs of recovering. The death cross happened and we might see more bears than bulls..

Nothing wrong. It's normal in crypto. BTC always make a huge pump then do correction, get some new investor rise again more than previous. This time also happen this. Hopefully this will break again in future. But when it will it's very tough to say.

It is just make a 50% from ath. So I think hopefully it could be more dump before making any good move again. :)

many people have said that the death cross EMA 100 and 50, of course this is a bad sign for the price of Bitcoin,
and maybe $65k is a price that will be very difficult to break again in a few years, this event is the same as in 2017-2018,
where Bitcoin price has dumped, and it's hard to get back to ATH price, be careful

I do believe that we will reach 200k one day, and also 100k as well, I just think that it is not going to be now. If you check the previous halvings you will see that it goes to an ATH price (like 20k or 64k now) and it starts to drop after a while, we do not see a huge drop and then follow that with a huge increase, it rarely happens, which is why I think the best case scenario here is that we are not going to see too much drop, we will stay above 30k for a while, then somewhere along the line of 2022 or so we will see 50k or so again, and then in about 2023 or 2024 we could potentially see another huge increase, maybe even later than that, in that increase we will definitely beat over 100k for sure.

That is why I think it should be noted that we are not doing something that is unexpected with this drop, we always expected the drop to be fair, we just had too many newbies who didn't know what to do.

No one will be having a debate about the price reaching $100k but the only question everyone will be having is when we might be seeing those valuations and that is a question no one can give a concrete reply because it is hard to predict when we will see huge rallies to reach those valuation but everyone in the market will be confident that we will reach those 6 figure valuations in the near future.

Few years? Nah, we are just like 50% of it right now, so we can still get to that price or even surpassed it again at the end of the year. Historically, we have this kind of dump and then we will be trading like sideways for a couple of months.

And then at the last quarter, we will see a big movement. So I would say that we can definitely touch it again. Just give enough time for the market to settle down. And wait some big news that will push it again in the last 4 months of the year.

so far no, we can move more than 65k , the question is how much money has been printed lately , we just saw MSTR has take a seat on bitcoin , and almost accured 100k btc , also el salvador make the bitcoin as a legal tender, but why the price still going deep? , of course its kind of manipulation, just matter of time.

I'm gonna go out on a limb here and say this guy called it! kudos

maybe many will say like you and I also conclude that too, that the price of bitcoin will not stop and will continue to increase and the good news is starting to make bitcoin continue to improve, of course this is news that is heard and becomes proof. bitcoin is getting more and more trusted not only el savador has done that and it looks like there will be many more countries, so just waiting for the upgrades in time

Yes, he did. However, we can never know when the next bullrun will begin. I hope today ...