Give me your predictions for the next long term peak, and why.

[thecodebear]

Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".

I have a most likely prediction and a high prediction.


My likely prediction is $90k to $120k. I think $100k is the big target for this market cycle, and either it'll fail to break through and top out in the $90,000s or it'll break $100k and then in a rush of euphoria over the next few days/weeks it could shoot up to $120k or so in a blow off top.


Now I also have a high prediction based off the last two peaks. The 2013 peak was about 36x above the 2011 peak, and the 2017 peak was just under half that at over 17x compared to the 2013 peak. If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.

[carlfebz2]

When it comes to prediction in year 2022 then i would be going to the realistic side of things neither between 30k price to 40k price would sound reasonable but im not really that
hoping that much yet if we do consider on how the price behaved on last 3 years then we do even had a hard time on reaching its previous ATH.

Going 2x on its current value in 2 years time sounds reasonable but we know that nothing is guaranteed.Do these 100k - 1Million predictors does really have that kind or level of positivity in mind?

Having these runs doesnt indicate that it will continue on next 2 years.Always consider that we didnt reach this level so easily or without any relevant fundamentals or news of adoption.

[zinjo]

Bitcoin is always unpredictable currency so we don't expect the long term ATH in Bitcoin, Because of huge investors are hold the BTC so it will maintain the top level in crypto market.
Past ATH is started on 2017, that time all the peoples are said it will reach $100k on next year, But we never expect the continuous drop on upcoming days.
Myself I don't predict the long term peak in BTC.

[robifuni]

it seems like most people's predictions are up to $ 100k don't get your hopes up on something that is not certain when you hope you will be disappointed, if everyone thinks bitcoin will always peak how do we think otherwise. bitcoin will go back to $ 1k. because whales would think otherwise

[robelneo]

When it comes to prediction in year 2022 then i would be going to the realistic side of things neither between 30k price to 40k price would sound reasonable but im not really that
hoping that much yet if we do consider on how the price behaved on last 3 years then we do even had a hard time on reaching its previous ATH.

I like your prediction more than OP, we have to be realistic now, Bitcoin reaching $20k is easier because it's still cheap, we need double or even triple the number of whales and institutions to get past $50k so I think the $30 to 40k is more realistic and reasonable, as Bitcoin go up in numbers in the market, we cannot make the past achievement conclusive on what it will react in the future.

[pooya87]

$400k if I am pessimistic, $700k if I am optimistic.

Each time we see a so called "cycle" the size of this cycle is growing since each round we see a much bigger adoption and as the price goes higher (a bigger number) it attracts a lot more people. Not to mention the longer the history of bitcoin the less the effectiveness of the FUD and the more the adoption.

Each cycle nowadays is in least 10000% rise from the bottom (not from the previous peak) showing the growth in size of the rise. The duration of the cycles are also growing.
For example one of the first cycles we had the price went up from $2.22 to $256.34 which is a 11446% rise. The famous bubble that people usually think of when they say "first" bubble (which is a mistake) price went from $45 to $1163. This was one of the smaller bubbles since it was very short and we didn't really have the traditional bear market after the previous one.
The last bubble we had the cycle started from $150 and price went up to $19666 which is 13010% rise.

It should be expected that we see at least the same size in the next cycle too starting from $3122 and go up 13000% to reach $408,982.
But as I said the size is growing on each cycle due to a lot more adoption, so reaching higher levels is also a strong possibility. Granted when bitcoin value is close to half a million, the world is going to go on a crazy FOMO that could push the next bubble to a much higher level too. Don't ever underestimate the FOMO, specially a global one.

[slaman29]

Since we're all adding a lot of noise already to a very noisy section, I'll throw my own ideas in. I still think this rally is going to be very different from 2017 or previous years too and I'm less interested in the peak, then in the floor where the next cycle hopefully starts from in 2021/2.

I don't think $100k is realistic but $50k does seem like something more people can digest, only because it will be massive fomo above $20k, and a lot more money will be pouring in, but people also taking profit will happen quickly around $25k and every $5k thereafter.

[exstasie]

Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".

I have a most likely prediction and a high prediction.

Extrapolations of the past couple cycles (based on extension beyond the previous ATH) puts it at $300-$700K. I think it's reasonable to be conservative and aim for the lower end of the range, $300-$400K.

However, I also wouldn't rule out 7 figures in a blow off top, in the S-curve/mass adoption scenario.

If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.

Seems a tad too predictable.

[davis196]

I would never predict the Bitcoin price based on "peak multipliers" and how much the last price peak was above the last Bitcoin price around the last BTC halving.This doesn't seems like a legit analysis to me.
I think that the Bitcoin price will move in the 10K-25K USD price window during 2021-2022.
The corona recession is still here and the pandemic will not be over before the end of 2021.
Most of the investors are still very cautious and they will continue to be cautious and keep avoiding risky assets in the next 2 years.

[Jating]

I would never predict the Bitcoin price based on "peak multipliers" and how much the last price peak was above the last Bitcoin price around the last BTC halving.This doesn't seems like a legit analysis to me.
I think that the Bitcoin price will move in the 10K-25K USD price window during 2021-2022.
The corona recession is still here and the pandemic will not be over before the end of 2021.
Most of the investors are still very cautious and they will continue to be cautious and keep avoiding risky assets in the next 2 years.

If investors are very cautious then we shouldn't be getting in 5 digits because of the pandemic. But it is not the case, we have almost hit a new all time high, and thanks to covid-19, people are looking for an asset to hedge their wealth and bitcoin is the best offering they can find.

As for the tops, I wouldn't be surprised to see 6 digits but I would say that it will be most likely 2024 and not 2021/22.

[GreatArkansas]

I am extremely bullish on Bitcoin for long term. Especially now we already created a new all-time-high just few above of the previous all-time-high.
My prediction this time will be using this stock-to-flow chart which it is showing that next peak could be around $100,000 by around 2021 - 2023.
It's kinda huge numbers for me but I believe it is possible, we just need more time and patience.

[FiendCoin]

Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".

I have a most likely prediction and a high prediction.


My likely prediction is $90k to $120k. I think $100k is the big target for this market cycle, and either it'll fail to break through and top out in the $90,000s or it'll break $100k and then in a rush of euphoria over the next few days/weeks it could shoot up to $120k or so in a blow off top.


Now I also have a high prediction based off the last two peaks. The 2013 peak was about 36x above the 2011 peak, and the 2017 peak was just under half that at over 17x compared to the 2013 peak. If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.

Based on previous cycles, 200-300k, topping out between September-October 2021, followed by the bear market 40-60k bottom within two years, rinse and repeat until the cycle breaks. All the historic information is available for anyone to look up and extrapolate for themselves.

[maydna]

I don't predict how the higher the bitcoin price will increase for the next long term, and I tend to follow the price goes. I let it flow and enjoy the movements while still trying to buy low and sell high because I want to earn more bitcoin. I don't know if the bitcoin price can go to more than $100k-$400k in the future, but it possible to happen. We don't know and don't have the right info about that, and we will see many predictions about bitcoin price. The important thing now is we can get as many bitcoin as we can, so when the price really hit more than $100k, we can make a lot of money from bitcoin.

[darewaller]

My prediction for the next 12 months would be along the lines of breaking over ATH again, going nearly to 25-30 range and afterwards drop significantly, like drop to 15-16 levels but people will realize that, this "fall" will be higher than 50% of our 2 months ago, they will say "hey we went down 50% but we are still bigger than almost all the time we have been so far, which means our bottom is very high now" and they will have trust on bitcoin and increase again and end up somewhere around 40k before 2021 ends. That seems to be a logical approach to what could happen, I can't say that I guarantee it because it is not going to be something that is guaranteed but I feel like it is certainly possible.

[exstasie]

Based on previous cycles, 200-300k, topping out between September-October 2021, followed by the bear market 40-60k bottom within two years, rinse and repeat until the cycle breaks. All the historic information is available for anyone to look up and extrapolate for themselves.

Topping out in the fall? If 2011, 2013, and 2017 are indicators, that's unlikely. Those bubbles popped in June, December, and December respectively. The latter two cycles topping out in December lends some credence to the theory that tax year implications (and associated profit taking) may play a role.

Then again, if everyone is planning on the top coming in December, it'll probably happen sooner. So you may be onto something.

[usekevin]

Wanna see people's predictions for Bitcoin's next peak, presumably around a year from now or sometime in 2022 - whenever this market cycle comes to a close. And give your reasoning behind your prediction, and not just "cuz I think so".

I have a most likely prediction and a high prediction.


My likely prediction is $90k to $120k. I think $100k is the big target for this market cycle, and either it'll fail to break through and top out in the $90,000s or it'll break $100k and then in a rush of euphoria over the next few days/weeks it could shoot up to $120k or so in a blow off top.


Now I also have a high prediction based off the last two peaks. The 2013 peak was about 36x above the 2011 peak, and the 2017 peak was just under half that at over 17x compared to the 2013 peak. If we keep this peak multiplier halving going for this cycle then the next peak should be around 8.5x the previous peak, or around $170k, so that is my super high prediction based on past two cycles relative to one another.

Your prediction is huge.Do you know the value of 90k and 120k$. It was huge and one can live his life happily upto three generation. In developing country, this money holders will be a richest person.They will run a two or three company as their own. The maximum expecting upto 2022 will be 50-60k$.The maximum 100$, will occur only if the US government take it as a legal tender.

[DoublerHunter]

^ It is not really bad giving such predictions for it denotes positivity both in bitcoin and those who hold bitcoin. However, I don't have a third eye either possessing any superstitious power to give a prediction on what will be the price of bitcoins 2 years from now and I hate giving false hope for myself that will disappoint me in the latter part. Since everyone is giving their opinions so I would rather give mine too lol. In ten years of bitcoin existence, we saw how bitcoin struggles to establish itself as a cryptocurrency especially on its price a lot of ups and downs happened in the past ten years but now we are reaching $20k so I would probably divide the current price into 10 years to get the average and that is $2k per year so probably, the price may be increased to $24 or $25k and for me it is fair but if the price will go beyond this then I will also be gleeful for the success.

[exstasie]

Your prediction is huge.Do you know the value of 90k and 120k$. It was huge and one can live his life happily upto three generation. In developing country, this money holders will be a richest person.They will run a two or three company as their own. The maximum expecting upto 2022 will be 50-60k$.

It's not poor people in developing countries who are driving the price up. It's institutions and retail investors in developed countries, and the filthy rich. So that's not a legitimate reason to think the market is capped at $60K.

No way price is stopping at 2-3x the previous ATH. I can see the case for 8-9x, keeping in line with the long term logarithmic trend and the diminishing returns of the 2013 and 2017 cycles. But there's no way the market is just going to fart above the 2017 ATH and stop at $50K.

[dimonstration]

Bitcoin is always unpredictable currency so we don't expect the long term ATH in Bitcoin, Because of huge investors are hold the BTC so it will maintain the top level in crypto market.
Past ATH is started on 2017, that time all the peoples are said it will reach $100k on next year, But we never expect the continuous drop on upcoming days.
Myself I don't predict the long term peak in BTC.

When the price increases fast it usually falls in price faster than it is, I don't see it reaching 100k dollars in 2022 unless price will reach next year 2021 within &
$50k-80k, price is too volatile that many expect a higher value whenever it reaches a certain peak and whenever there are huge adoption from known companies.

[gentlemand]

We either get massively disappointed or get a rocket ron so far up us our faces stretch around it.

Not once have I correctly predicted a peak and this time around it's the one I'd least want to predict of all. We have no idea who is watching closely but it'll be many, many more people than last time and many of those will be newly arriving serious players.

In that scenario 100 large could be dwarfed. I'm not sure I'd want to hang around for the hangover.