Bitcoin metrics “INSANELY BULLISH”! Can the King go to 200K or more this cycle?

[Cryptodaddy05]

Glassnode’s detailed in-depth analyses  of BTC’s metrics are interesting, and it was fascinating to see their report 4 days ago that the number of BTC addresses holding $1M USD had gone ‘parabolic’ in Dec with a 150% increase to 66,500 https://twitter.com/glassnode/status/1339476314118643714?s=12  Also very interesting was CoinTelegraph’s recent report on Glassnodes CTO Rafael Schultze-Kraft saying ‘all’ of BTC’s major market indicators and metrics compared to their 2017 levels and then applying their subsequent increases in the 2017 bull run were “insanely bullish”, with all but one suggesting BTC’s price would rise well north of $200K this market cycle in the bull run that has started https://www.google.com/amp/s/cointelegraph.com/news/insanely-bullish-glassnode-cto-predicts-btc-price-will-10x-from-here/amp !!

Many crypto and traditional financial experts are now giving similar bullish predictions as they see BTC replacing gold to a greater or lesser extent as a good investment option and a store of value and hedge against inflation with more and more public companies and rich individuals buying BTC in big amounts - Plan B’s stock to flow model predicts a price of 100-200K in 2021, Raoul Paul ex of Goldman Sachs predicts 200K in 2021; Willie Woo predicts 200-300K, Mike McGlone of Bloomberg predicts 200K, Tom Fitzpatrick of Citibank predicts 300K, Ficas Ag Swiss predicts 200-300K, Max Keiser predicts 100K, Pomp predicts 100-200K, Adam Back predicts 300K by 2025 etc.

Very bullish predictions, and I think 100K is likely in 2021 and maybe 200K is possible as more and more money chases scarcer and scarcer BTCs - but volatility will also persist I’m sure in 2021 with periods of optimism and pessimism, and funny BTC has just fallen $2K in the last 3 hrs as I wrote this bullish thread. So who thinks BTC will hit 100K in 2021, and do you agree with the Glassnode analyst and other experts it will hit 200K - and who’s brave enough to agree with the Bloomberg analyst and Willie Woo that it can hit 300K for a 14x and 1,400% increase in price in 2021?

And if BTC’s price does hit 200K+ we might well find Glassnodes data showing us one day in 2021 that there a million BTC millionaire addresses (66,500 x 15) - mind-blowing!  

[Smartprofit]

Glassnode’s detailed in-depth analyses  of BTC’s metrics are interesting, and it was fascinating to see their report 4 days ago that the number of BTC addresses holding $1M USD had gone ‘parabolic’ in Dec with a 150% increase to 66,500 https://twitter.com/glassnode/status/1339476314118643714?s=12  Also very interesting was CoinTelegraph’s recent report on Glassnodes CTO Rafael Schultze-Kraft saying ‘all’ of BTC’s major market indicators and metrics compared to their 2017 levels and then applying their subsequent increases in the 2017 bull run were “insanely bullish”, with all but one suggesting BTC’s price would rise well north of $200K this market cycle in the bull run that has started

Very bullish predictions, and I think 100K is likely in 2021 and maybe 200K is possible as more and more money chases scarcer and scarcer BTCs - but volatility will also persist I’m sure in 2021 with periods of optimism and pessimism, and funny BTC has just fallen $2K in the last 3 hrs as I wrote this bullish thread. So who thinks BTC will hit 100K in 2021, and do you agree with the Glassnode analyst and other experts it will hit 200K - and who’s brave enough to agree with the Bloomberg analyst and Willie Woo that it can hit 300K for a 14x and 1,400% increase in price in 2021?

And if BTC’s price does hit 200K+ we might well find Glassnodes data showing us one day in 2021 that there a million BTC millionaire addresses (66,500 x 15) - mind-blowing!  

I think this Bitcoin price prediction for 2021 ($ 100,000 or $ 200,000) is very optimistic.  

Why is the price of bitcoin rising?  The US dollar is losing its role as the world's reserve currency. China and other countries create a new currency (Central Bank currency, i.e. CBDC).  Uncertainty in the world leads to panic attacks (Covid-19).  At the same time, we are witnessing the collapse of globalism, the cancellation of flights between different countries, the isolation of people, the rejection of the real world in favor of the virtual world.

We live in a period of transformation of the global financial system.  Bitcoin price is rising (blockchain is not susceptible to panic attacks).

My Bitcoin price prediction in 2021 is from $ 30,000 to $ 45,000.

[Cryptodaddy05]

Glassnode’s detailed in-depth analyses  of BTC’s metrics are interesting, and it was fascinating to see their report 4 days ago that the number of BTC addresses holding $1M USD had gone ‘parabolic’ in Dec with a 150% increase to 66,500 https://twitter.com/glassnode/status/1339476314118643714?s=12  Also very interesting was CoinTelegraph’s recent report on Glassnodes CTO Rafael Schultze-Kraft saying ‘all’ of BTC’s major market indicators and metrics compared to their 2017 levels and then applying their subsequent increases in the 2017 bull run were “insanely bullish”, with all but one suggesting BTC’s price would rise well north of $200K this market cycle in the bull run that has started https://www.google.com/amp/s/cointelegraph.com/news/insanely-bullish-glassnode-cto-predicts-btc-price-will-10x-from-here/amp !!

Many crypto and traditional financial experts are now giving similar bullish predictions as they see BTC replacing gold to a greater or lesser extent as a good investment option and a store of value and hedge against inflation with more and more public companies and rich individuals buying BTC in big amounts - Plan B’s stock to flow model predicts a price of 100-200K in 2021, Raoul Paul ex of Goldman Sachs predicts 200K in 2021; Willie Woo predicts 200-300K, Mike McGlone of Bloomberg predicts 200K, Tom Fitzpatrick of Citibank predicts 300K, Ficas Ag Swiss predicts 200-300K, Max Keiser predicts 100K, Pomp predicts 100-200K, Adam Back predicts 300K by 2025 etc.

Very bullish predictions, and I think 100K is likely in 2021 and maybe 200K is possible as more and more money chases scarcer and scarcer BTCs - but volatility will also persist I’m sure in 2021 with periods of optimism and pessimism, and funny BTC has just fallen $2K in the last 3 hrs as I wrote this bullish thread. So who thinks BTC will hit 100K in 2021, and do you agree with the Glassnode analyst and other experts it will hit 200K - and who’s brave enough to agree with the Bloomberg analyst and Willie Woo that it can hit 300K for a 14x and 1,400% increase in price in 2021?

And if BTC’s price does hit 200K+ we might well find Glassnodes data showing us one day in 2021 that there a million BTC millionaire addresses (66,500 x 15) - mind-blowing!  

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

[cryptomaniac_xxx]

Glassnode’s detailed in-depth analyses  of BTC’s metrics are interesting, and it was fascinating to see their report 4 days ago that the number of BTC addresses holding $1M USD had gone ‘parabolic’ in Dec with a 150% increase to 66,500 https://twitter.com/glassnode/status/1339476314118643714?s=12  Also very interesting was CoinTelegraph’s recent report on Glassnodes CTO Rafael Schultze-Kraft saying ‘all’ of BTC’s major market indicators and metrics compared to their 2017 levels and then applying their subsequent increases in the 2017 bull run were “insanely bullish”, with all but one suggesting BTC’s price would rise well north of $200K this market cycle in the bull run that has started https://www.google.com/amp/s/cointelegraph.com/news/insanely-bullish-glassnode-cto-predicts-btc-price-will-10x-from-here/amp !!

Many crypto and traditional financial experts are now giving similar bullish predictions as they see BTC replacing gold to a greater or lesser extent as a good investment option and a store of value and hedge against inflation with more and more public companies and rich individuals buying BTC in big amounts - Plan B’s stock to flow model predicts a price of 100-200K in 2021, Raoul Paul ex of Goldman Sachs predicts 200K in 2021; Willie Woo predicts 200-300K, Mike McGlone of Bloomberg predicts 200K, Tom Fitzpatrick of Citibank predicts 300K, Ficas Ag Swiss predicts 200-300K, Max Keiser predicts 100K, Pomp predicts 100-200K, Adam Back predicts 300K by 2025 etc.

Very bullish predictions, and I think 100K is likely in 2021 and maybe 200K is possible as more and more money chases scarcer and scarcer BTCs - but volatility will also persist I’m sure in 2021 with periods of optimism and pessimism, and funny BTC has just fallen $2K in the last 3 hrs as I wrote this bullish thread. So who thinks BTC will hit 100K in 2021, and do you agree with the Glassnode analyst and other experts it will hit 200K - and who’s brave enough to agree with the Bloomberg analyst and Willie Woo that it can hit 300K for a 14x and 1,400% increase in price in 2021?

And if BTC’s price does hit 200K+ we might well find Glassnodes data showing us one day in 2021 that there a million BTC millionaire addresses (66,500 x 15) - mind-blowing!  

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

Exactly, I think we are still on track to hitting at least the conservative estimates of $100k this 2021. We have been bitcoin hitting 2x ATH this year and it will continue to break barriers in the next coming 2 months.

Let's just enjoy the bull run for now, no talk of bearish cycle, Lol. Let's see how far this bullish market can go, maybe the $100k-$200k prediction might be hit in early 2022 so we might delay the bear market for the meantime.

[Lucius]

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

It is not wise to draw conclusions based only on the part of the tweet you have read, because the second part explains why the number of such addresses has increased. If an address is presumed to be lost, the amount on it is important only in the context that because of that, all those coins in circulation may one day be worth more.

$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.

The market became optimistic with the approval of the first BTC ETF in the US, but that optimism quickly melted away when people realized it was a futures-based ETF. Although I keep reading that crypto exchanges have liquidity problems (the biggest since 2018), and that no one wants to sell even when we reach the new ATH, I wonder why then the price is falling instead of rising?

I'm not a pessimist, but I'm also wondering what could be the trigger for the price to reach $100k by the end of the year, because the market does not depend on magic and good fairies, but on good news and a lot of money to flow in the BTC direction.

[LFC_Bitcoin]

Many of the well respected analysts including Willy Woo, Plan B & Will Clemente think we are going to over $100,000 per bitcoin before New Year.

I see nothing to suggest we won’t, we’re currently following previous bull cycles & Q4 is usually the real rocket launch. Let’s see what happens but the last few months of this year could be very explosive to the upside.

[Emitdama]

I think this Bitcoin price prediction for 2021 ($ 100,000 or $ 200,000) is very optimistic.  

Yeah, many experts has predicted about reaching price levels between $100k to $400k by end of this year. Also, some people are expecting bitcoin to continue its bull run even in 2022 which means I guess around $400 levels also possible.

As of now, bitcoin is not insanely bullish unlike how it was trading by the times of earlier this year but now it is moving up slow and steady. Usually all slow and steady movements will turn as too faster over the time hence we could expect the same to be happening when FOMO will come into action.

my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022

End of bullish trend may happen along with this year end but when considering El Salvador and bitcoin ETF news, then I guess we may have bullish trend till 2nd quarter of 2022 too; we cannot speculate exactly hence we need to be more careful if we plan to book profits at peak.

[aoluain]

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

It is not wise to draw conclusions based only on the part of the tweet you have read, because the second part explains why the number of such addresses has increased. If an address is presumed to be lost, the amount on it is important only in the context that because of that, all those coins in circulation may one day be worth more.

$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.

The market became optimistic with the approval of the first BTC ETF in the US, but that optimism quickly melted away when people realized it was a futures-based ETF. Although I keep reading that crypto exchanges have liquidity problems (the biggest since 2018), and that no one wants to sell even when we reach the new ATH, I wonder why then the price is falling instead of rising?

I'm not a pessimist, but I'm also wondering what could be the trigger for the price to reach $100k by the end of the year, because the market does not depend on magic and good fairies, but on good news and a lot of money to flow in the BTC direction.

There was definitely a case of "Buy the rumour, sell the news". There are a few more
ETF's being decided on very shortly also but yea the important one is that "spot" ETF
where the fund is not settled with FIAT.

TBH we here were wondering why the shortage in supply didnt correlate into positive
price moves particularly in August and September.

I think that will play out more in this last Q.

[fullhdpixel]

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

I do not believe that we have anything that specific to celebrate right now. Sure it is looking good but we have reached only 3k more than the previous ATH, which we dropped lower already. We are not at 100k, we are not anything above, we haven't even reached 70k let alone anything else.

This is why I believe that we should not be excited about the prospect of a 100k right away. Don't get me wrong, I am not saying that it will not happen, but writing a post when the price broke over the previous ATH and then reached a new ATH is good enough, you do not have to be right about the exact number. Let it be awesome for now with the way it is, and you should be proud of it already.

[buwaytress]

For this cycle to look anything like 2017's, it would need to extend gains beyond $100k -- but the good news is that most people, myself included, agree it's a matter of time (and that, measured in months).

If it were to go insane though, and hit anywhere near $200k, I feel like this rally would need to crossover well into mid-2022 territory. At which point, this really won't look anything like 2017.

End of the understood cycle?

[dragonvslinux]

Throughout 2021 until the 50% correction I had estimated $100-150K as the top after a parabolic move, probably from $50-60K and doubling quickly to a blow off top. Now I consider this to be a conservative prediction based on stock to flow minimum price target ($100K) as well as log growth ($150K). Now the cycle pattern is mirroring 2012 given the size of the drop that considerably exceeded +-50%.

Overall, it gives the opportunity for the price to go a lot higher than originally expected. 6 month consolation has starved much of the supply and redistributed it to the type of whales who have no interest in selling their positions unless there is a blow off top. Ie, unless price goes parabolic, they will continue holding, hence they didn't sell at $50-60K recently, and won't unless the parabolic move occurs.

My new moonshot target therefore becomes $200-300K, which prior to the -50% drop felt completely unrealistic, but now it seems much more likely.

[adaseb]

Right now we need to see how Bitcoin will behave when it touches the previous ATH of $65K. Currently there are many longs in that area that are trapped. If we engulf 65K then I would be very surprised if we don’t break ATH again.

However if we fail to close $65K then we can retest the $60K low that formed on the weekend and if we breach it then support is at $50K. However lots of positive news came out today so it’s looking good however on the first sign of weakness I will be looking to hedge.

[stompix]

This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!

So you're 47k+ from the price at that moment with 93k to go, with 9 months gone and only 3 left.
If things continue like this you overestimated the growth by 250%, which can't be really called accurate!   

I'm not a pessimist, but I'm also wondering what could be the trigger for the price to reach $100k by the end of the year, because the market does not depend on magic and good fairies, but on good news and a lot of money to flow in the BTC direction.

This is the problem with the model of growth percentage-wise.
A lot of poeple say that since we've grown last time by x3  from the previous ATH we can do it again, which is easy, just 2x, compared to the 600x from April 2013. But when it comes to the money needed for that growth, you will need poeple to pour in the same amount they have to date from the start to double it in terms of value. If 1 trillion was needed for this 65k then we need close to another trillion in fresh investments to reach 100k.

Of course, we will see growth, that is clear but I think it will slow down a lot.
December 2013 we were at 1000, in 2017 at 20 000, to replicate that we would need 400 000 and I highly doubt this is going to happen.
Right now from 20x, we're down to around 4x, a five-times decrease in growth.

[bitgolden]

Trying to make sure that crypto will go up and saying that you hit the prediction because it went up is not really something that is incredible. I mean think about it, we are talking about crypto here and that means that we are going to end up with something that is high eventually anyway and there is nothing wrong with that. We all know that crypto will be going up and that is not a prediction.

The problem here is that people do not know when it will go up, not if it will go up. I believe that this cycle will not be 200k for sure, it is going to be something that is much lower than that, probably not even 100k if you ask me, however maybe it will reach the 100k price. If you are going to make a prediction at least make it to a level where you know the date when it will reach a price and then you would basically be doing something that others can't do.

[2double0]

Gold has gone out of the picture since btc took over, so there is nothing surprising if we think that btc will go to $200k or even a million. But 'changes' take time before being applied so to let everyone adjust who is being affected. In regards to btc, it cannot go straight to those values overnight and not even this year so quick, but next year or two will be the right point of time when btc could reach such high values based on varios mass adoption promotions that are now being applied to it.

[beerlover]

End of the understood cycle?

Anything could happen. But, when most people start being cautious then no one could hold the market. I mean all the investors who had watched bitcoin markets by 2013 and 2017, definitely will look for bearish market from January 2022 which means they may not add new bitcoin to their portfolio. So, when market sentiment turns then understood cycle will persist.

Only whales could take the current bullish trend till mid of next year. They need to trigger FOMO to make individual investors to help them.

I just wonder what are the possibilities for the current bullish rally to end without having an FOMO phase? If that will be possible then we may fail to touch $100k itself with this current rally. When everyone was expecting a bearish trend in January then everyone may remain cautious which again will end the trend of understood cycle.

[darkangelosme]

Glassnode’s detailed in-depth analyses  of BTC’s metrics are interesting, and it was fascinating to see their report 4 days ago that the number of BTC addresses holding $1M USD had gone ‘parabolic’ in Dec with a 150% increase to 66,500 https://twitter.com/glassnode/status/1339476314118643714?s=12  Also very interesting was CoinTelegraph’s recent report on Glassnodes CTO Rafael Schultze-Kraft saying ‘all’ of BTC’s major market indicators and metrics compared to their 2017 levels and then applying their subsequent increases in the 2017 bull run were “insanely bullish”, with all but one suggesting BTC’s price would rise well north of $200K this market cycle in the bull run that has started https://www.google.com/amp/s/cointelegraph.com/news/insanely-bullish-glassnode-cto-predicts-btc-price-will-10x-from-here/amp !!

Many crypto and traditional financial experts are now giving similar bullish predictions as they see BTC replacing gold to a greater or lesser extent as a good investment option and a store of value and hedge against inflation with more and more public companies and rich individuals buying BTC in big amounts - Plan B’s stock to flow model predicts a price of 100-200K in 2021, Raoul Paul ex of Goldman Sachs predicts 200K in 2021; Willie Woo predicts 200-300K, Mike McGlone of Bloomberg predicts 200K, Tom Fitzpatrick of Citibank predicts 300K, Ficas Ag Swiss predicts 200-300K, Max Keiser predicts 100K, Pomp predicts 100-200K, Adam Back predicts 300K by 2025 etc.

Very bullish predictions, and I think 100K is likely in 2021 and maybe 200K is possible as more and more money chases scarcer and scarcer BTCs - but volatility will also persist I’m sure in 2021 with periods of optimism and pessimism, and funny BTC has just fallen $2K in the last 3 hrs as I wrote this bullish thread. So who thinks BTC will hit 100K in 2021, and do you agree with the Glassnode analyst and other experts it will hit 200K - and who’s brave enough to agree with the Bloomberg analyst and Willie Woo that it can hit 300K for a 14x and 1,400% increase in price in 2021?

And if BTC’s price does hit 200K+ we might well find Glassnodes data showing us one day in 2021 that there a million BTC millionaire addresses (66,500 x 15) - mind-blowing!  

For me it's sounds like FUD to me dude i think it is very hard for Bitcoin to reach 100,000 usd how much more 200,000 USD?. I don't think so, but everyone has their right to express there opinion but it is up to you if you'll gonna believe them.

[Silberman]

Many of the well respected analysts including Willy Woo, Plan B & Will Clemente think we are going to over $100,000 per bitcoin before New Year.

I see nothing to suggest we won’t, we’re currently following previous bull cycles & Q4 is usually the real rocket launch. Let’s see what happens but the last few months of this year could be very explosive to the upside.

This, right now all the evidence is pointing out to a price above 100k, we do not know how high the price will go, after all we may barely surpass that level on hype alone and then we face a huge correction, however the scenario in which that price is surpassed easily is not outside of the real of possibility either, especially if the economies of the world keep showing a very slow recovery which is not in line with the predictions of most economists.

[Luqman]

For me it's sounds like FUD to me dude i think it is very hard for Bitcoin to reach 100,000 usd

It is just a prediction that the Bitcoin price can reach $100k. But I don't think it is FUD, bro. Some people who predicted it are experts and experienced investors/traders. They have strong reasons to state the price of Bitcoin can reach $100k or above. They learn it from analyzing the chart patterns and they also consider it from some fundamental aspects.

[Johnyz]

For me it's sounds like FUD to me dude i think it is very hard for Bitcoin to reach 100,000 usd

It is just a prediction that the Bitcoin price can reach $100k. But I don't think it is FUD, bro. Some people who predicted it are experts and experienced investors/traders. They have strong reasons to state the price of Bitcoin can reach $100k or above. They learn it from analyzing the chart patterns and they also consider it from some fundamental aspects.

That's not FUD actually its FOMO that encourage more people to buy before its too late.
This is just indeed a prediction only and its up to us if we are going to buy or not but if we are talking about Bitcoin here, I have more confidence to hold this than to any altcoins because I know, Bitcoin will also grow and we are still not in the mass adoption so imagine the future price if many people started to use Bitcoin.