$80k within 6 weeks, new ATH October 2021

[KTChampions]

Currently Bitcoin is still correcting, so this is a good time if anyone wants to buy Bitcoin. Many say the Bitcoin price increase that occurred earlier
this year is very similar to what happened in 2017. But I see the increase now is different from what happened in 2017. The increase in the price of
Bitcoin is now due to many institutions starting to invest in Bitcoin, so the price corrections are quite healthy, so it won't drop below $ 30,000.
Then to achieve the new ATH in October 2021 it can be achieved, for the $ 80,000 target it is not impossible to achieve.

I've heard the opinion that this is a bullish trap - too many people believe that 30k is now the bottom. And the whales may well sell Bitcoin above this level and then make a correction much deeper. I do not know how true this theory is, but it is quite logical.

[zeingrind777]

Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

[dimonstration]

Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

We will just let the price be it's price, we can't predict it's price to price or down too much since the target now of institutional companies are BTC and if it will help them alot to gain more profit in crypto if they can attracts more big companies. The price may set new ATH faster if these setup of companies Continuous.

[Luthier]

Well, it's a new week.  Bitcoin doubled from ~10k to 20k in 10 weeks, and then doubled from 20k to 40k in the last 5 weeks.  Will the trend continue?  Who knows, but the chart looks bullish af.  I think we've got at least a leg to go before a serious correction.

Peace and love and hodling to all of you.

[Pamadar]

Bitcoin is currently experiencing an upward trend in price. the end of this year may exceed all expectations. We have all seen the rise in the price of bitcoin at the end of 2013 and the end of 2017 was fantastic. now it is the start of 2021 and we are already seeing more upside opportunities. It seems that we will be surprised by the price increase every 4 years at the end of the year. Even though this year the highest bitcoin price was $ 37k, at the end of the year the chances of a bullish market will be even greater.

We will just let the price be it's price, we can't predict it's price to price or down too much since the target now of institutional companies are BTC and if it will help them alot to gain more profit in crypto if they can attracts more big companies. The price may set new ATH faster if these setup of companies Continuous.

With them (Institutional investors) the price can go anywhere.

If they are here to bring more money the chance of seeing much higher value in a much shorter timeframe is indeed very possible, we can't exactly predict as the nature of this market still volatile. It will depend from how investors and traders react either way there's influence within the market whatever they've choose to follow.

[Raflesia]

With them (Institutional investors) the price can go anywhere.

If they are here to bring more money the chance of seeing much higher value in a much shorter timeframe is indeed very possible, we can't exactly predict as the nature of this market still volatile. It will depend from how investors and traders react either way there's influence within the market whatever they've choose to follow.

Do we only depend on institutional investors? I think this is just speculation that it is clear that the whale holds more of the bitcoin that is held this can affect the price even fluctuating we know every company has now started to adopt but will the price still reach new ATH again?
We can probably guess the price will jump easily but we have to know what the real market conditions are and investors will still not panic when a crash occurs.

[STT]

I think we've lost the momentum for this moment.   It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.   Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

[Wysi]

At this moment things don't look smooth for bitcoin as it has gone through numerous corrections and we have seen sudden drop in the price, I don't think we can speculate much about Bitcoin's price or new ATH because even experts are unable to predict much due to volatility and if Bitcoin would have followed prediction then it wouldn't have touched $40k so early. I think next few weeks will decide the Bitcoin price for this year.

Let me reiterate once again that yeah your predictions may cime true as everything is possible let it be a worst dump or unexpected pump.

[Fatunad]

I think we've lost the momentum for this moment.   It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.   Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

Actually we are already sold on where the price had able to hit up because we didnt even expect that it would reach 30k or even 40k.
If we moved sideways for some time then it would be better rather than seeing a market where it would be crashing into those prices
that we had seen in the past. Im not rushing on seeing 80k for this year which i do saw that it is way too high to consider.
Nothing can be predicted on where it would go.

[KTChampions]

I think we've lost the momentum for this moment.   It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.   Im thinking multiple years for the duration of the move not all at once in these months or in perfect sequence and just one direction.

Yes, such growth without serious rollback periods or +- stable prices is extremely unlikely. Bitcoin already has a huge capitalization, therefore, if such movements take place, then smoothly and with inevitable periods of correction, since bitcoin is already part of the world economy, and crises in it occur regularly.

[exstasie]

I think we've lost the momentum for this moment.   It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.

Just a short term pause.

If it were a bubble pop, the market would have crashed 50% or more already. Instead, it's just hanging sideways in a bullish consolidation. Basically, it's coiling for the next leg up.

And after this length of consolidation, I'm no longer sure $50K will serve as significant resistance. The market's going to pop very hard after $42K is broken. Like the OP said, $60-80K looks possible before a larger correction.

I'm still holding out a little hope that bears will force another leg down to test $30K (it would just create an amazing bullish setup) but the chances of that are dropping with each passing day. The lack of bear momentum and the rounded higher low bottom forming on the 4-hour chart makes this look more like a sideways accumulation structure. The market wants to keep stair stepping up.

[Luthier]

Ethereum makes an ATH and we're sitting here waiting for Biden's inauguration to break out of this triangle?  Silly bitcoin 

[dre1982]

Ethereum makes an ATH and we're sitting here waiting for Biden's inauguration to break out of this triangle?  Silly bitcoin 

lol. Just be patient. Before the last ATH's it was also boring with Bitcoin's value and suddenly out of the blue it went up that big.

It will go bigger for sure but I think it's now calming down a little. Just preparing for the next run. 

[jaberwock]

Do we only depend on institutional investors? I think this is just speculation that it is clear that the whale holds more of the bitcoin that is held this can affect the price even fluctuating we know every company has now started to adopt but will the price still reach new ATH again?
We can probably guess the price will jump easily but we have to know what the real market conditions are and investors will still not panic when a crash occurs.

We do not "depend" on the institutional ones but they are the ones that can make the biggest difference the question as well. I am not saying there is nobody else buying, without them we still have a lot of people buying, but they make a huge difference as well. Just to give an example before them we were toying the 10k levels, with them we broke over to 40k levels, did they took us there all of their own? Of course not, but could we say 14+ billion dollars spent on bitcoin all in the past 8 months didn't help? I wouldn't be capable of saying that.

So as long as they keep helping, as long as they keep buying, I am sure it is going to be fine, we are going to make a profit, but it is going to take a while before we can say that we can increase like this without them, that would require a lot more regular people to get into it if we are talking about tens of billions of dollars all bought during same period and not sold.

[thecodebear]

I think we've lost the momentum for this moment.   It is still positive just today rising on volume above short term measures but Im not sure the pressure is still there, maybe it can regain it later for this kind of target.

Just a short term pause.

If it were a bubble pop, the market would have crashed 50% or more already. Instead, it's just hanging sideways in a bullish consolidation. Basically, it's coiling for the next leg up.

And after this length of consolidation, I'm no longer sure $50K will serve as significant resistance. The market's going to pop very hard after $42K is broken. Like the OP said, $60-80K looks possible before a larger correction.

I'm still holding out a little hope that bears will force another leg down to test $30K (it would just create an amazing bullish setup) but the chances of that are dropping with each passing day. The lack of bear momentum and the rounded higher low bottom forming on the 4-hour chart makes this look more like a sideways accumulation structure. The market wants to keep stair stepping up.

Yea $50k should act as a solid barrier with a possible correction, but now that we have gotten a solid correction not too far below it there is definitely the possibility it simply blows right on past $50k without too much of a struggle.

I'm still planning on selling a bit from my trading stash under $49k in case $50k causes a quick drop, but the longer this correction goes on the more fuel it's building for the next explosion upwards.

I've seen a lot of retail speculating (as well as articles in the media) that price is going to keep dropping, even saw an old acquaintance randomly tweeted "Bitcoin $20k by end of January" or something like that haha. There's gonna be a lot of retail investors caught off guard, probably by end of this month, when Bitcoin is pushing new ATHs, and they are gonna be buying back in in the $40,000s when they expected to buy back in at half that price, but they are gonna find a lot less supply on the market than there was even a month earlier. Could definitely see price going over $60k before another real correction, with maybe just a pitstop for a few days under $50k.

[Fakhrulenclix]

There are so many coins out there already create a new ATH. We all see many old projects and solid projects. This is a good sign for the crypto community. And I'm so sure that the real ATH for the coin is still not come. Let's see how high Bitcoin and altcoins can do this year.

[Saisher]

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.

I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.

[kentrolla]

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.

I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.

Yes this momentum is keep on going which is a record in crypto industry but I don't think it may long last till the end of the year because we know how the Market works and we can't expect the price high after this big pump which happened couple of days ago .

Also institutional investors may come often and go but those who hold for long-term are only the pillars of BTC I mean for the price pump.

[carlfebz2]

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.

I am one of the few that don't expect a replay of 2017, because back then there's hardly an institutions that's backing Cryptocurrency, there are so many FUDS back then and they are all waiting for the bubble to burst, the scenario now is very much different, the momentum is long lasting it could even last for a year, I hope it happens.

Yes this momentum is keep on going which is a record in crypto industry but I don't think it may long last till the end of the year because we know how the Market works and we can't expect the price high after this big pump which happened couple of days ago .

Also institutional investors may come often and go but those who hold for long-term are only the pillars of BTC I mean for the price pump.

And that wont really be sustaining when we do talk about price pump and we know that there would really be sell off and just like what others said that we cant just see a market that do continously
grow and reach up heights in a short span of time because that would really be an indication that the market is already on the fomo or manipulative side of things.

Just be patient and dont rush up because time will really come when we are already on the full adoption scale.People are just to optimistic towards the price when they do saw
that everything is already in greens.They should realize on what reality looks like or else they would really get frustrated
when the market goes to the opposite direction as they anticipated.

[Oceat]

I don't see Bitcoin reaching such price with the current price this month and $80k is just too much IMO. But speculators are expecting a $100k or $200k, I don't know what they were thinking but that's just too much to be expected to happen this year. Maybe another halving again Bitcoin might achieve that price but for now, the highest Bitcoin is trying to break is a $43k which isn't happening yet.