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Author Topic: Give me your predictions for the next long term peak, and why.  (Read 353 times)
bitterguy28
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December 05, 2020, 12:16:44 AM
 #21

This Uptrend of Bitcoin price now looks like legit as the Companies that investing inside are truly remarkable with a real product not like in 2017 that it is more on Bubble and hype ,this time we can see that the value is standing still even after reaching the another ATH.

So for me my prediction is not far from yours because at least doubling the Value each year for 2 consecutive years.

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December 05, 2020, 02:41:51 AM
 #22

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.

I see The prediction multiplier has not yet been broken until now, I just hope it will continue to do so so we are still good, your $170k prediction is very interesting because it based on a prediction cycle table but I want to be as realistic as possible the next long term peak for me will be $30000 I am ok with it I did not use a chart I just use the price movement.
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December 05, 2020, 02:51:50 AM
 #23

This Uptrend of Bitcoin price now looks like legit as the Companies that investing inside are truly remarkable with a real product not like in 2017 that it is more on Bubble and hype ,this time we can see that the value is standing still even after reaching the another ATH.

So for me my prediction is not far from yours because at least doubling the Value each year for 2 consecutive years.
More companies means that more bitcoin are on the hands of corporate cronies than individual hodlers, this means that in the long run, the price hike or dip of bitcoin is in the mercy of the whales and calfs(young whales). I would say that it will be a bad thing that more corporations adopt bitcoin. If the valley from 2017 is replicated then it means that the next 3 years will be the same.

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December 05, 2020, 03:45:01 AM
 #24

Predicting the price of Bitcoin is always interesting to talk about, everyone must have various opinions regarding the peak price of Bitcoin.
I think Bitcoin price movements are unpredictable, it is not enough to simply compare the peak prices that have occurred before. Many
things can affect the price of Bitcoin, the corona virus maybe end in two years. This could make people even more interested in Bitcoin,
has become the best performing asset since the corona virus outbreak, making Bitcoin the main choice as an investment. If the demand
for Bitcoin continues to increase, I predict Bitcoin will reach a price of $ 30,000- $ 50,000 by 2022.

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December 05, 2020, 04:01:09 AM
 #25

To make a long-term prediction, it is not that difficult, considering that the bullish trend is still missing, I think that by the end of 2020 the price of Bitcoin can reach more than $ 25k, but in the long term I trust the S2F model of Plan B.

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December 05, 2020, 04:22:35 AM
 #26

Hundreds thousand of dollar isn't realistic at current situation in my opinion. If you want that price that also means significantly bigger market cap and it needs money. We need to talk about mass adoption first before talking bitcoin reaching $100K

However, in 2021 maybe we gonna see another ATH around $30k which is more realistic as of now.

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December 05, 2020, 05:05:49 AM
 #27

2228 Days ,
3 Hours,
5 Minutes left according to the Bitcoin halving counter which it's around 6 years from now but approximately we did it every 4 years means at the 2024 there is almost sure the all new time high will be broken again,  i won't speculating outside this fundamental so yeah the next peak are far away ahead us.

Enough for the current run.

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December 05, 2020, 05:11:12 AM
 #28

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".

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.
There is a major difference when you compare the peak valuation of BTCitcoin and that too during the initial stages you can expect the market would rise substantially higher and you cannot expect the same level of growth the price has reached around a certain valuation and we are around 10 years in the market and the price has matured and you cannot expect the same level of peak during this cycle.

My expected price valuation during the big rally should be around $30k to $45k considering how the market is performing right now where it is touching its all time high valuation and trying to break the resistance and we could see the all time high valuation by next year.
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December 05, 2020, 05:24:10 AM
 #29

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. Tongue

Look at the monthly candles. We'll get a 9 in September or October 2021 depending how this month closes. Also, look below...


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December 05, 2020, 06:37:08 AM
 #30

Look at the monthly candles. We'll get a 9 in September or October 2021 depending how this month closes. Also, look below...
Maybe that is right, and maybe we need to wait for more.
But how if the price will touch the new ATH in 2022? And in the next year, the price starts the rally from $20k and breaks so many high prices until 2022.
After that, the price will hit the next ATH in 2022, and the price will be more than $100k in the next two years.
I think that it could be like that because bitcoin can move to a high price anytime.
But as usual, we don't know how high the bitcoin price can make it in the future, and it could be the next ATH will be more than $25k.
But if that is a long term peak, it could be the next 2 years or 3 years later.

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December 05, 2020, 08:17:54 AM
 #31

I beleive what most people says so just go with 100K wi be the next all time high for bitcoin, I am saying about the next bullish trene not the current one. I don't believe on the technical analysis because it sucks mostly.

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December 05, 2020, 08:22:09 AM
 #32

Look at the monthly candles. We'll get a 9 in September or October 2021 depending how this month closes. Also, look below...
Maybe that is right, and maybe we need to wait for more.
But how if the price will touch the new ATH in 2022? And in the next year, the price starts the rally from $20k and breaks so many high prices until 2022.
After that, the price will hit the next ATH in 2022, and the price will be more than $100k in the next two years.
I think that it could be like that because bitcoin can move to a high price anytime.
But as usual, we don't know how high the bitcoin price can make it in the future, and it could be the next ATH will be more than $25k.
But if that is a long term peak, it could be the next 2 years or 3 years later.

By 2022 we'll be making lower lows in the next bear market moving towards the bottom.

100k would be low based on previous ATH's.

In any event, we'll know by summer of 2021 if I'm right. Watch those monthly candles  Wink

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December 06, 2020, 06:22:33 AM
 #33

Look at the monthly candles. We'll get a 9 in September or October 2021 depending how this month closes. Also, look below...
Maybe that is right, and maybe we need to wait for more.
But how if the price will touch the new ATH in 2022? And in the next year, the price starts the rally from $20k and breaks so many high prices until 2022.
After that, the price will hit the next ATH in 2022, and the price will be more than $100k in the next two years.
I think that it could be like that because bitcoin can move to a high price anytime.
But as usual, we don't know how high the bitcoin price can make it in the future, and it could be the next ATH will be more than $25k.
But if that is a long term peak, it could be the next 2 years or 3 years later.

By 2022 we'll be making lower lows in the next bear market moving towards the bottom.

100k would be low based on previous ATH's.

In any event, we'll know by summer of 2021 if I'm right. Watch those monthly candles  Wink
Maybe yes, maybe no. But we already saw and knew that after the price hit the new ATH, the price will start to go down, and what we already noticed, the price still goes down until it reaches the lowest price that we don't know before.
I am afraid that will happen again in the future after the price hit the new ATH.
$100k is the highest price for bitcoin to reach, and we don't know if, in the next bull run, bitcoin price can hit on that price.
We will see what will happen in the summer of 2021, and if the price really starts rally to the $100k, that will means we can make a lot of money from the new ATH.
So waiting for more will be the only answer to see the price will go up higher.

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December 06, 2020, 03:07:22 PM
 #34

The next peak I think is around $30k I think, not having assurance if that would be within another year or more than that. Why is it not as high as other speculations? The market is inconsistent to both pump and dump in the market value of not only Bitcoin but also other cryptos. With that being said, the market price won't increase from 1 to 100, perhaps, within a year because that's just not how this market behaves in the first place. Just think of how many years Bitcoin "spent" to acquire a market value as high as what we have witnessed, which is an enough proof. But I might be either wrong or right; no one is just certain and that's the only thing I know which is certain.

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December 06, 2020, 05:35:58 PM
 #35

The problem with calculating the future of bitcoin with the past of bitcoin is the simple fact that bitcoin doesn't have any responsibility to do the same thing over and over again during the same periods. Just to give a very very clear example, we had $20k at the December of 2017 for example, but we went down from $6.5k to $3k during 2018 December, see the difference? The 2019 December wasn't awesome neither considering we had as much as $14k that year but ended up at $7k by the end of it.

Just because 2017 had a great year in December and by the looks of it, unless it suddenly crashes within this month (still possible) that doesn't mean price always goes up at the same time. So what I suggest is, if you want to predict the future try to find a reason from the future, not from the past.

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December 30, 2020, 10:28:37 PM
 #36

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. Tongue

Look at the monthly candles. We'll get a 9 in September or October 2021 depending how this month closes. Also, look below...



Guess this aint looking so crazy now, huh?  Wink

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December 31, 2020, 05:04:58 AM
 #37

~
Guess this aint looking so crazy now, huh?  Wink
This was never crazy Tongue
But you got your initial numbers wrong though. Based on past cycles the price has to go at least above $423,466 (same rise as previous cycle) and drop down to $85,333 (same drop as previous cycles).
Although I believe that with each cycle the size of the rise should grow while the size of the drop shrinks. Not to mention that we don't know how much FOMO the world is going to react with when something they were ignoring all this time surpasses $100k value.

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January 02, 2021, 09:56:43 AM
 #38

I enjoy seeing a few predictions from like 4 weeks ago for the next long term peak in like a year being $30k, and on the first day of 2021 the price has already come within $100 of that prediction haha. So many people are soooo conservative and don't understand what Bitcoin bull runs are like. This bull run really is just barely getting started and it's already right at 30k, which seems to be a popular prediction for the next long term peak among some people.

If there is a long term top in roughly a year followed by a long bear market like the past two cycles, it'll likely be between $100k and $200k. Under $100k just feels like a low-ball prediction, but it'd be pretty astounding to see the price move from $29k to over $200k in one year at this point, given the size of the market and I would guess institutional investors would start putting off buys and look for a drop once it goes over $100k, leaving only the retail market to FOMO into it, leading to a blow off top, a big panic selling correction, at which point institutions would start up again moving into Bitcoin at a bit cheaper prices.
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January 02, 2021, 10:09:14 AM
 #39

I enjoy seeing a few predictions from like 4 weeks ago for the next long term peak in like a year being $30k, and on the first day of 2021 the price has already come within $100 of that prediction haha. So many people are soooo conservative and don't understand what Bitcoin bull runs are like. This bull run really is just barely getting started and it's already right at 30k, which seems to be a popular prediction for the next long term peak among some people.
Yeah, this is just a super rally, we are still far from the bull run that we wanted to see, $30k? Nah, it will be slice like a bread, corrections are going to be shallow.

If there is a long term top in roughly a year followed by a long bear market like the past two cycles, it'll likely be between $100k and $200k. Under $100k just feels like a low-ball prediction, but it'd be pretty astounding to see the price move from $29k to over $200k in one year at this point, given the size of the market and I would guess institutional investors would start putting off buys and look for a drop once it goes over $100k, leaving only the retail market to FOMO into it, leading to a blow off top, a big panic selling correction, at which point institutions would start up again moving into Bitcoin at a bit cheaper prices.
I'm not surprised to see 6 digits figures in the future, $50k in the next 6 months and then it will grow exponentially from their, so $100k could be just the surface of the imminent bull run this year up to 2022 bubble.
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January 02, 2021, 10:16:38 AM
 #40

I enjoy seeing a few predictions from like 4 weeks ago for the next long term peak in like a year being $30k, and on the first day of 2021 the price has already come within $100 of that prediction haha. So many people are soooo conservative and don't understand what Bitcoin bull runs are like.

Yep, I've been trying to nudge people in that direction ever since 2018. I'm always amazed when I think about how many people thought the next cycle could top 25% or 50% above the 2017 ATH ($25-30K).

Speaking of which, my mom just texted to tell me she and my brother both think I should sell all my BTC, immediately. Cheesy

When a major correction comes, the bears will come out of the woodwork, believe me. They'll shout that the top is in for good, just like they did in June and July 2017 after the correction off $3K. Bearish sentiment will build, weak hands will get shaken out, bears will build short positions.......and then all those sellers will provide fuel for the next leg up.

If there is a long term top in roughly a year followed by a long bear market like the past two cycles, it'll likely be between $100k and $200k.

What if we have a "double bubble" (yes I just made up that term Tongue) like 2013? In April, the market topped ~7x above the 2011 ATH, then crashed ~83%. If we apply that extrapolation, we get a top at ~$140K and a bottom at $25K. Then comes the real fun part. Tongue

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