Is $84k the Peak for Bitcoin？

[bangjoe]

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

If Bitcoin's price goes above $74k which is where the resistance is at the moment, I don't think it is going to stop at $84k or around that range. The whole market has been expecting Bitcoin to hit at least $100k this time around, and considering the increasing demand and the unfolding events of the industry, I don't think there will be anything stopping Bitcoin from achieving that.

All it needs is some momentum, and if it gets that momentum, and manages to go above $74k, then it will keep rallying up even after that, and it won't stop before it hits $100k because when retail investors will see the price going up, they will start jumping in as well, and we know the price starts going up more when there is more demand.

Of course if we can break the $74 level which is the new ATH in the meantime it will show the bull market even crazier, because it is indeed resistance that is very difficult for us to touch, we may still be in the current console stage in forming support to be able to show that bitcoin can go much higher even above $84k for this year and allow us to reach $100k for the first time.

The momentum is gradual in my opinion, and we are still accumulating, maybe after the presidential election or at the same time it will give us a tremendous opportunity because it usually triggers a bull market as well, while one of the candidates now supports the bitcoin community, most likely we will get it even if not in the next 6 weeks.

[dezoel]

Exactly, BTC has almost passed it, I think all the news that has come at this time is quite good, and today we see the market is quite enthusiastic and BTC has reached the highest figure for today at $71,963.

Regarding the prediction that you got as a reference from Crypto Banter above, Bitcoin has the potential to reach $84,000 if the duration for the next six weeks is correct and perhaps the shift will still be there, but it is not very significant.

This is what they are talking about that not all times bad or not all time we are stuck in one position but the situation can also shift. The positive time has come for BTC once again, so congrats to those who extend their patience. They are now close to getting their rewards . It was still quite impressive that BTC didn't slowly recover anymore but the increase are instant this time around.

Let's see if this momentum continues later on, then I don't think it will take six weeks for us to see that $84k others are assuming about. If we truly achieve that quick, then no, that is not the peak for BTC yet this year or this current bull round but it can finally be $100k.

[darkangel11]

Is 74k the top for this cycle? No.
Is 84 the top for this cycle? No.
I'm more of a 100-150k guy, but I'm not counting out the possibility of 180k (3x).

That would be the worst performing cycle in the history of bitcoin, so I wouldn't bet on that and it would take us from 300% that we saw last cycle to some measly 15%. By betting on that you're betting on bitcoin to completely break the trend. In other words you're betting against bitcoin. If we were to really do 15% this time and end the bull market at that, what would that mean for the next cycle? The rewards would get cut by half and we'd get even less of a bull run than this year? Nothing is certain, but chances for that are so low that I wouldn't put my money on it.