Bitcoin’s Next Peak May ‘Only’ Be $80,000, Says Analyst

[cheezcarls]

Following their impressive gains over the past week, cryptocurrency markets and Bitcoin are pulling back a little as expected. Analysts are still eyeing the next peak but some have adjusted their predictions.

Anything that surges almost 20% in less than a week needs to take a breather. This is exactly what Bitcoin is doing at the moment as it corrects to support at $8,600.

To read the full article, click here

And here goes another random figure prediction that may not happen....

I just don't know how crazy they are when it comes to predicting these numbers in that specific day, month or year. Even John McAfee's prediction of $1 million dollars per BTC by the end of 2020 may be impossible as he is now "under pressure" of eating his d*ck live on TV!

Not even halving would guarantee the claims of analysts like him that Bitcoin would "moon" for real.

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[posi]

No one what the actually price of the new ATH will be but I still believe the $75k to $85k price range to be the new ATH price  predicted by Josh Rager as it was written in the article make sense than previous posted by McAfee and the rest that said bitcoin to reach $100K, 300K, 1M etc.

[bitcampaign]

that's just the word of analysis even we have a lot of speculation and analysis of the price of bitcoin, we do not know who is the closest to the highest bitcoin price later, it looks like McAfee will not eat his penis because of his crazy prediction at the end of this year around 1 million dollars and it will not be possible he will keep his promise, the trust of all traders does not go to their speculation and analysis, they move where the market moves, maybe this analysis might be wrong or the price could touch above $ 80k

[LouVandetta]

I just don't know how crazy they are when it comes to predicting these numbers in that specific day, month or year. Even John McAfee's prediction of $1 million dollars per BTC by the end of 2020 may be impossible as he is now "under pressure" of eating his d*ck live on TV!

The only one thing that keeps me remembering John McAfee's prediction would be that he will eat his own D on TV. I still creally remember the day he made that statement lol

As for the prediction, I even doubt that halving could guarantee a good price either. Just like how the last halving was, it took them around a year before the market was in bullish. And the price of bitcoin is currently staying around 8600ish. Are we going to see another good price just like the last few days ago, tho? Or are we going to see another bloody market yet again.

[Ferris419]

These types of high price don't impress me at all, because we saw all of these high price prediction goes wrong miserably! Recently a prediction attracted me, bitcoin price may hit 35K USD in this year! In future Bitcoin price may go for 75k, 80k or 100K USD, bitcoin has this potential but not in this year!

[$crypto$]

These types of high price don't impress me at all, because we saw all of these high price prediction goes wrong miserably! Recently a prediction attracted me, bitcoin price may hit 35K USD in this year! In future Bitcoin price may go for 75k, 80k or 100K USD, bitcoin has this potential but not in this year!

The prediction is OK but it must be in accordance with the analysis so that it is not random to guess whether maybe bitcoin will reach $ 50k and above, no one knows about it.
I know bitcoin has a good move this year but I'm not sure about this high rise but we need time and good news to do that.

[gielbier]

These types of high price don't impress me at all, because we saw all of these high price prediction goes wrong miserably! Recently a prediction attracted me, bitcoin price may hit 35K USD in this year! In future Bitcoin price may go for 75k, 80k or 100K USD, bitcoin has this potential but not in this year!

I agree with you, maybe bitcoin will touch prices above 50k$ not this year, maybe after 1-2 years halving happens that's when bitcoin shows the potential to touch prices up to 100k$.

[ajeef]

No one what the actually price of the new ATH will be but I still believe the $75k to $85k price range to be the new ATH price  predicted by Josh Rager as it was written in the article make sense than previous posted by McAfee and the rest that said bitcoin to reach $100K, 300K, 1M etc.

People is easily said it will reach 50k 100k 1m etc since the bull run in 2017, price crashed many times and when it rise a bit, people always keep repeating it's prediction. But when? No one knows. It will or never, we didn't even know. People are keep saying the good news because to makr people buy when price pump, but the one who said that sold theirs for profits

[topbitcoin]

If people said that bitcoin's next peak is more than $50000 or maybe $80000 i can be agree but maybe it is too much from my expectation. Maybe my expectation is around $25000 until $30000 because i think more than $50000 is very high amount of money and maybe it is out of my expectation about how much money needed to pump it and reach that price.

[Text]

I don't trust any Analyst's price predictions. I think $80K is too much to be the next peak looking at the current price, what a very big difference. I agree with OP that this kind of speculation will not go to happen. But I can sense that the next upcoming halving this year can trigger the price to pump again to a new ATH, maybe, possible to happen.

[BitDane]

Predictions are just guesses so we don't have to take them seriously.  If these people are so sure about their prediction then they will keep it  by themselves and reap the reward.  They are so vocal about it so that people will get hyped and jump in.  In that case, there will be a huge demand because of influx of people buying Bitcoin before the predicted price.  that is actually the logic behind this predictions which in reality, the one who predicted it is not sure whether it will happen or not.  And that $80k is too much, I think Bitcoin will struggle to even break its ATH by that time.

[watergold]

I don't trust any Analyst's price predictions. I think $80K is too much to be the next peak looking at the current price, what a very big difference. I agree with OP that this kind of speculation will not go to happen. But I can sense that the next upcoming halving this year can trigger the price to pump again to a new ATH, maybe, possible to happen.

Far from being able to reach that price, it can be said that the bitcoin analysis price is not right and needs to be corrected again, indeed I am not an expert in analysis, but I am not sure about the high price of $ 80k because it takes a long way to reach it.
We will correct in the short term because changes to bitcoin this year are very meaningful for everyone because they will not believe with such high speculation.

[Lagduf]

That prediction is not something new in crypto and some people were even predicting bitcoin to be reached million dollars in this year. They just try to build the mentality that may give a huge impact on the market as people will feel good about that and they will try to buy more and more crypto. Basically, this idea is not something wrong but they must come with a sense rate rather than putting a huge target that impossible to be achieved by bitcoin in a short time. Just respect it.

[msarro]

No one what the actually price of the new ATH will be but I still believe the $75k to $85k price range to be the new ATH price  predicted by Josh Rager as it was written in the article make sense than previous posted by McAfee and the rest that said bitcoin to reach $100K, 300K, 1M etc.

Yes 75 or 80k$ is still an achievable ATH, McAfee 1 million usd is nothing but a bullshit.
I would say people have realized the fact that there is no point in buying the bitcoin when its bully. For long term sustainability of bitcoin, we have to increase its real world uses.

[YinShuiSiYuan]

The new ATH will definitely be sooner or later. Looking at how much each subsequent ATH was larger than the previous one, we can suspect that the next one could reach even $1M. However, the difference between changing the reward by 25 BTC and 6.25 BTC is very large. I think that 6.25 BTC will not have such a big impact on the price and at the moment we will reach ATH at around $35k - $50k.

[Script3d]

I don't really take these crypto "analyst" seriously, for me they are just hyping up the price, i can literally call myself a analyst and throw some big numbers out there, no one can really analyze bitcoin accurately because of the volatility but i wouldn't be mad though if the ATH is 80k.

[Hamphser]

I've seen a lot of wild prediction and guesses yet i don't know if those were really going to happen. Everything here is just purely speculation because no one can tell what the future is. Bitcoin halving effect may increase the price that would surpass the old ATH but it is just too much expectations of people thinking that halving will eventually give them immediately a price that they are expecting.

[bitzizzix]

All analyzes are not always true and don't have to trust them because some of them only take advantage of the situation, and do a bitcoin analysis that they think will rise to high nominal value and only for personal gain and only want their name to be famous or trusted about the analysis they.
It's better to let bitcoin move as it is and stay patient to wait for bitcoin to reach the highest price.

[TheGreatPython]

Reality is the "only" 80k is not really as correct as we would like to hope for. Of course, I would love it if bitcoin reaches 80k but that would be inconsiderable while economy is at this level. Just to give an example, worlds biggest markets NYSE and NASDAQ have 26 trillion and 18 trillion market caps, bitcoin itself if reaches 80k would have 1.5+ trillion dollar valuation in market cap, I am not saying it is impossible but having 10% of a whole stock markets valuation by itself does look a bit difficult, I would understand if the all crypto market together would worth 1.5 trillion that would be understandable but just bitcoin would be very rough.

It could happen tho, how? If everything else goes up as well, after certain years if market is high for everything else, why wouldn't it be for bitcoin too.

[si14bet]

If people said that bitcoin's next peak is more than $50000 or maybe $80000 i can be agree but maybe it is too much from my expectation. Maybe my expectation is around $25000 until $30000 because i think more than $50000 is very high amount of money and maybe it is out of my expectation about how much money needed to pump it and reach that price.

Let's be honest with ourselves, the maximum bitcoin peak has already been in the past and it is in the past, today there is not much other than some sharp pump at the expense of increasing people's interest in bitcoin caused by some magic promises - can increase the cost of bitcoin.