$80k within 6 weeks, new ATH October 2021

[thecodebear]

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

Yeah, it is definitely starting to overheat in a big way.  These last few weekly candles are about the same size as the ones in Nov-Dec. 2017 on a log scale.  I don't think it can keep this up much longer, which is why I think we're going to see a pretty big blow-off top quite soon actually.  The huge backing of institutional demand is definitely a game-changer though.

Yeah but any blow off top would be very short lived, precisely because institutional demand is a game changer. Any crash at these price levels is going to be bought back in weeks. Right now we're missing the $300 million weekly Grayscale buys. Price is actually correcting right now, even if this correction lasted a couple weeks a sudden influx of a few hundred millions dollars weekly is going to stop that in its tracks, if other institutions haven't already stopped it well before then. And well this correction might just be another very short lived bear trap, but the above statements apply to any correction coming anywhere near these price levels, which really aren't very high given the demand that is out there.

[el kaka22]

I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

[thecodebear]

I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

It's a guess. If you are day trading, swing trading, wanting to buy in low, wanting to sell eventually, or just thinking about what the market will do, you're gonna have some sort of number associated with that. I'd be a pretty boring comment forum if all we said was "bitcoin will go up" or "bitcoin will go down"!

[Luthier]

I would say buying at 2013 and starting a newbie account now, does seem like not credible at all. By the way I am not against the idea, bitcoin is a volatile and decentralized currency with nearly unregulated market, at least a market that doesn't ban you from buying anytime you want or selling neither. It means we could literally have 8k or 80k in October, both of them are quite possible and nobody can say that it will be impossible, obviously speaking we will definitely have that.

What I do not really understand is that why do people have specific numbers, everyone throws out a number and I wonder why those numbers. For example, why 80k here? why not 110k? Why not 50k? Why specifically 80k? I live my life with two ideas, I either say bitcoin will go up, or will say it will go down, I rarely say it will go down. So that means for me, there is no specific number, it will go up, and it will be something more than what it is today, that's all I can say.

lol.  You do know you can...click on someone's account and see when it was registered, right?  Also, you'll notice I never said I had credibility

If we go straight up from here, we hit the top of the logarithmic trend channel at about $70k.  Giving it a few more weeks to a couple months, plus the possibility of a slight overshoot, I think $80k is a decent target.

@thecodebear only time will tell.  I do believe that if we end up hitting the $70-80k range by Spring, the bull may have to go dormant for a while.  That just means a nice juicy accumulation zone around $20-40k until, maybe, the end of the year.

[milewilda]

Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations.  Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year.  The current rally feels like it has too much momentum to be stopped before $70-80k.

Credibility?  Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time.  Just putting it out there.

Nice words for a person who had been on this market earlier or in 2013.If you do see on how the market behaves for almost a decade then you would really be that off confident on how far bitcoin could go.
New ATH? Its still unknown because we are just still on 1st month of this new year but we are hitting and racking up new records for all time high's. It is even trying to break 40k resistance at the moment
on we are just $250 bucks away into that price.This is really getting more interesting but we shouldnt really forget that market wont really be rising up like forever.
Take advantage with these movements and gains and take up some strategy on how you would gonna utilize these volatility for your own benefit.

[crzy]

We are on a better position since the last bull trend on 2017 and right now, its so hard to tell how much the market can go because its totally go unpredictable. We can still expect more peak as the market continues the trend, I don’t know and I’m just buying and selling one at a time depends on my target profit.

[Ridwan Fauzi]

I prefer to see bitcoin price meet a little correctiok after its price increase. Comparing to know that just up drastically and never meet a correction. The increasing price like now will be followes by the decrasing price a lot. You can imagine how many people do the panic selling when they guessed that the correction is coming they will sell their bitcoin to minimize the profit that they get. Also I just thinking that the economic situation and the pandemic situation has pushed the price of bitcoin always increase. If both situation gone, I believe there will be a huge decrease for bitcoin.

[eaLiTy]

Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year.  The current rally feels like it has too much momentum to be stopped before $70-80k.

I like these speculation and if the momentum continues we might reach targets which were considered impossible in this short period of time but you need to understand that institutional investments is one of the major reason for the rally and you cannot predict when they will be booking their profit, once they start booking their profit, the market will come down drastically. Until then enjoy the perils of the rally and make sure you book your profit in time  .

[Kemarit]

Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year.  The current rally feels like it has too much momentum to be stopped before $70-80k.

I like these speculation and if the momentum continues we might reach targets which were considered impossible in this short period of time but you need to understand that institutional investments is one of the major reason for the rally and you cannot predict when they will be booking their profit, once they start booking their profit, the market will come down drastically. Until then enjoy the perils of the rally and make sure you book your profit in time  .

We can only hold what they are saying, that they are not going to sell for years and so far it is true as they institutions continue to buy even at the high price fueling the market to a super fast rally that we have never expected.

Of course, sooner or later we will see the price decline, but it might be in the 6 digits. So everyone should watch out, make the right decision, or just do what others have been doing for many years, specially that invest what they can afford to lose, be a long term HODLer.

[michellee]

If bitcoin can hit $80k within 6 weeks, that means, the price will come to us in the next months, February or March, and if that really happens, that is a big surprise to us. But I wonder if the price increase to that price, how deep the bitcoin price will be down in the next correction because maybe many people will panic if the price start goes down to the lower price. If the price can increase step by step and not directly jump to the highest price, we can still make a profit from trading.

[adaseb]

The mania is pretty much here already. If we were going up slowly it would be one thing but to go from $20K to $30K in 17 days and $30K-$40K in 5 days. Basically at this similar rate we will be having $10K moves every 2-3 days or so. Its not sustainable in my opinion. We might reach some top, like $50K and then consolidate for a few months and then again maybe break that ATH again.

However when markets are this erratic it means the top is near, at least a local top however nobody knows exactly when it will be. We all assumed $10K would be the top in 2017 and then we assumed it would be $20K which technically never touched.

So the top will be at a price that we all least expect it to be at, something like $42345 something very random.

[btc78]

Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations.  Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year.  The current rally feels like it has too much momentum to be stopped before $70-80k.

Credibility?  Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time.  Just putting it out there.

what I'm wondering is Posts Like these mostly comes from Newbie accounts , and those accounts mostly have Gone for a certain time and just dropping now to Put Posts about the speculation of Prices . where have you been ?  

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly.

Why afraid ? if the price is making ATH from time to time .

It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

You predicted 100k but you are afraid? when you must be proud and happy because you are close to your predictions .

[tabas]

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

It is scary because everyone is getting greedy? If it ever dumps, then it will start to be massively bought again. This is bitcoin's truest nature, every institution doesn't want to let those sold coins.

I am not going to lie I am quite scared. It is going up extremely quickly with ATH daily or even hourly. It seems well over heated
100k was my lowest prediction for this cycle but I am concerned it may crash before than. When it dumps its going to dump hard

I think most of us are. Scared and excited at the same time. To relieve your scare, you can take profits for relaxation.  

[7788bitcoin]

The mania is pretty much here already. If we were going up slowly it would be one thing but to go from $20K to $30K in 17 days and $30K-$40K in 5 days. Basically at this similar rate we will be having $10K moves every 2-3 days or so. Its not sustainable in my opinion. We might reach some top, like $50K and then consolidate for a few months and then again maybe break that ATH again.

When it comes to bitcoin it is really hard to predict how the bull market will perform as the price would take us to new territories we earlier thought is impossible for a new market like bitcoin and that concept just hit me twice in the past as i had a valuation in mind that the price could rally but it breached those valuation by a big mile and even though the market went down drastically the highs were astonishing and this is the third rally i will be part even though i did not make much profit in the first rally as those were my baby steps in the market and i cannot predict exactly how long the market will rally.

All i know is i have the patience to see the rally and only plan on selling all my coins once i see the market is preparing for a huge sell off, till then i will be holding the rest of the coins.

[wxa7115]

Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations.  Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year.  The current rally feels like it has too much momentum to be stopped before $70-80k.

Credibility?  Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time.  Just putting it out there.

At this point anything can happen, it seems the bears are making a pathetic attempt at trying to stop the bull run but they are not really achieving much as strong hands are still dominating the market and the drop we are seeing in the price is minimal, so I think 80k during the next six weeks is possible, however I wonder how long it will take FOMO to take hold as there is not much mention of bitcoin in the media.

Or maybe the media was given instructions to not cover bitcoin as widely as they did before out of fear that a run against fiat currencies could occur?

[Smitty Werben Man Jensen]

$ 50k has not been reached and we already want bitcoins to reach $ 80k?
this is not a good thing, I know a lot of traders now feel greedy, and that's a bad thing, so get rid of this attitude,
we have to go past $ 50k first if we want to get to $ 80k to $ 100k

[Husires]

The growth that occurred in 2017 was speculative, much of the rise was not logical and it was not correct growth as the corrections took place in less than a month.
Reaching the highest peak in 2021 will be faster than 2017, I expect by next May will be our new ATH, followed by very strong corrections.
ATH will be less than 80K$ which will be 70k$.

[Raflesia]

The growth that occurred in 2017 was speculative, much of the rise was not logical and it was not correct growth as the corrections took place in less than a month.
Reaching the highest peak in 2021 will be faster than 2017, I expect by next May will be our new ATH, followed by very strong corrections.
ATH will be less than 80K$ which will be 70k$.

Will it really happen? growth in 2017 and now looks the same indeed this is speculative but this increase is significant in the short term, we even see btc crawling faster to 40k is this possible to happen to 80k for the next ATH in the middle of 2021?
We still have to analyze this correction, it is not impossible that a more severe decline will occur, but for sure ATH looks high, but after that we want it to be even higher, a little strange.

[STT]

If you want to launch a space rocket then you need to build a good launchpad to take off from and before 80k or any other target I do think we need to resolve doubts, lose any sellers in the price action right now.   I'm going to be corny now but I see markets as natural or free motion in their movement, they never do what we want exactly they must have a balance of their own and a free market is a natural phenomena or it becomes rigid/fragile.   My point is the market moves in waves, not one solid take off straight to 80k and I dont think it does get there without pulling back just like every wave laps forward and backward.
  I hope BTC stays a natural market and is stronger for it, hence I think work is required and we're seeing part of that today.

[jubalix]

we will see a shakeout in the 20's but I don't think 42K was anywhere near the next / this bull run's high.

As usual, you face too many risks upside converting to fiat, sure you could double your position on a 50% down, but you don't know when the 10 x of is coming and if you miss out waiting for the dip, then your 5x behind, never to buy in agian.