$80k within 6 weeks, new ATH October 2021

[Fredomago]

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.

That's really huge but who knows, most of us also didn't expect that after breaking the last time high value can be double that quick.
If most speculators are eyeing for this price there might be a reason behind.

Saving Bitcoin is what matters now, sparing those money that you are not really needed to spend, keeping it inside your crypto wallet and
keep an eye with what will happened in the next few months.

We don't know what more surprises are coming, though we already seen some glimpse of
the big potential that this investment will to us, keep your trust and believe.

[Stedsm]

@Luthier, and what if the markets don't go as you predicted?
What if it doesn't happen like 2017? I believe there are so many hopes which are bound by the unexpected yet enormous growth of BTC's price but markets have bearish institutions too as everyone likes to have a position which could liquidate their rivals (don't tell me institutions don't leverage). I'm waiting for such moment to come because then, all these predictions will become invalid till a new pump takes place. I still see BTC getting under $30k at least once before starting its rally back upwards.

[Oasisman]

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.

That's really huge but who knows, most of us also didn't expect that after breaking the last time high value can be double that quick.
If most speculators are eyeing for this price there might be a reason behind.

Reason behind? Yes, there are actually a lot of reasons behind.
One of the top reasons are the institutional investors and big names were stacking Bitcoin. As we all can see even with the high price, there were still an accumulation happening, because $35,000 or even $40,000 may not be consider expensive in the future. Also, there are still a lot of bullish predictions coming from these big company and individuals  in the financial industry eyeing the $100,000 price for Bitcoin.

That prediction might sound crazy, but isn't the rally from $15,000 to $43,000 also a crazy bullish run?

[Wulan_maniez]

Since its price bitcoin at tens of thousands dollars, it is  natural  that you  predict it to reach  $80k in  October this year. Moreover,  bitcoin has
touched $41k, so people’s  expectations were  higher for the price of bitcoin  in the days and  months to come. And  indeed bitcoin has  always
experienced price increase from the beginning appeared until now. But for me maybe soon bitcoin will reach $50k first before going to the price
of $80k. It must reach at least $60k first.

[Fakhrulenclix]

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.

It's too fast to predict the Bitcoin price, and I'm not sure your prediction will correct. I just keep in my mind that Bitcoin will reach it, but no specific date. Keep holding it is a good decision until I found a very high price.

If you still hold your Bitcoin, you already earn so much profit

[Ridwan Fauzi]

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.

Great to hear that, how much money that you can pay to buy one bitcoin at that time? Do you still hold it? If you do, you will be someone who has a lot of money now. At least you will have more than one bitcoin if you bought 2013 ago, right?  I always tell to someone who just know to bitcoin that I regretted that I didn't know bitcoin before 2015, because if I know it maybe right know I'll have a lot of money.

As for the price prediction, I don't know exactly what will happen. Although, you are an expert to predict bitcoin like you know the technical and fundamental analyst works but I'll stand that your prediction can't be fully trusted. Some people know who give exactly prediction like bitcoin will have $100.000 and etc they only use the history. Yeah just history, whilst we don't even know what will happen in the future because I bet there will be a different situation.

[thecodebear]

I see more and more calls for Bitcoin crashing in the media and on the internet as this consolidation continues. Despite continued massive institutional buying of Bitcoin. I guess that's why we see the consolidation continuing for now - the mass market is scared it's gonna crash. They are always so panicked at any downward price movement haha. Which will only fuel the next rise (coming soon) as all these people that are selling, expecting a big bear market or whatever, are forced to buy back in at ATHs when they realize they played the wrong side of things.

The latest signs that we'll be at ATHs soon:

1. a Deutsch Bank survey just said people think Bitcoin's price is more likely to halve than double in the next year, and rated Bitcoin a 10 out of 10 for being in a bubble haha. Meanwhile institutions are sucking up all their cheap Bitcoin they've been selling!

2. Guggenheim CEO or whoever, who is waiting to pass regulatory hurdles to get their half billion dollars into Bitcoin, said the peak for the year is already in and it'll be $20k soon.

When loads of people who aren't in the market or already sold are trying to convince everyone else that the price is about to crash...in the middle of a bull run...that's a surefire sign to BUYYYYY!

[cryptomaniac_xxx]

^^ Exactly, as I have said previously, we are in the period of consolidation. And then we have the bitcoin future contracts worth billions set to expire in the end of the month. And after that we might see new all time high. As far as the negative news created by social media, yes, this is a sign that they wanted to bring the price down so that they can buy bitcoin at a cheap price. We have seen this kind of strategy before and for sure we all know what's coming.

[slaman29]

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.

Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.

[error08]

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.

Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.

Bitcoin still in the bull run though, indicates a breakout move out of the triangle pattern and move above the $40,5k then it may surpass $45k by the end of this month and probably surprise us in February to reach even higher within $50k-$60k. However, bitcoin price drops 10% in the last 24 hours as the price drop slightly below $32k as the whales showing a potential sell-off on Coinbase.
"It seems $BTC sellers came from #Coinbase. Coinbase Premium Index has been a negative value since an hour ago," Ki Young Ju, CEO of on-chain analytics resource CryptoQuant. source

[blckhawk]

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.

With the current price we have now it would take a lot of time and yeah I also think that $80k is quite far honestly. The market may be still in a rally but I'm expecting that the price will only end at $50k but who knows market was still unpredictable after all and I don't think institutions are done getting their stash. We will definitely hit those prices but the real question is when. I also think that those speculations might happen on the next halving, I guess.

[KTChampions]

Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.

The fact that many investors take profit is good, it is bad that with such a deep pullback, many investors appear who are at a loss. Moreover, some of them will be forced to fix it, since they initially entered for a short period and expected rapid growth. As for traders, I don't feel sorry for them 

[TheGreatPython]

Bitcoin still in the bull run though, indicates a breakout move out of the triangle pattern and move above the $40,5k then it may surpass $45k by the end of this month and probably surprise us in February to reach even higher within $50k-$60k. However, bitcoin price drops 10% in the last 24 hours as the price drop slightly below $32k as the whales showing a potential sell-off on Coinbase.

Unfortunately these falls happen too many times and when you are stuck at one place and fail to go to any direction, price tries both sides very frequently to see where it will go, so far going down has been a lot more frequent, we have see 32k and lower many times whereas we haven't seen 40k+ all that much, if I am not wrong it happened only once or twice whereas 32k and lower happened 4 times already. This told the market that we are easily going down if we want to but failing to go up even if we try hard, and market saw this and said "screw it" and got out, look at the price falls that happened very recently.

So, I feel like this is a decent drop, I do not know if we are going to be 40k+ once again, but I know that we are not going to go there that quickly and will require a decent sized drop before it happens so that people could accumulate and gather ammo for a fight at higher levels.

[pooya87]

Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.

As I said in topic 2 weeks ago, the rise to a price like $80k is not going to happen in weeks but also it won't be more than a year like you are suggesting here. $80k and $100k are not really big price targets, we were seeing much bigger rises in the first quarter of 2017, if anything it should be bigger this year with all the attention bitcoin is receiving from institutional investors.

[lixer]

The fact that many investors take profit is good, it is bad that with such a deep pullback, many investors appear who are at a loss. Moreover, some of them will be forced to fix it, since they initially entered for a short period and expected rapid growth. As for traders, I don't feel sorry for them 

The good part is that, the ones who took out their profits now have cash to go back in if they want to, that is a good thing because having money would help all of us right now, we could all buy and help us. However one more thing is true, the ones who bought at 35k+ prices must be feeling bad right now, and that is not really a good thing for now, those people could do some help for us as well, if they have more money they should buy from current price as well, which would allow them to drop their buying averages lower and they would be capable of using that lowered entry point to profit a lot more later on.

So, as you can see a drop could be a great thing if you look at it from the optimistic side, both the profited ones and lost ones could get together and buy so much that they could increase it 40k+ very easily. However will it be like that? I do not know.

[Sanitough]

Definitely not this month, when it clearly has seen a lot of people take profit above $40k and wanting to buy the dip again below 35k. Speculators looking at 100k? Yeah, sounds possible, but they shouldn't be expecting it any time soon, I would say not even this year, because there are many, many stops along the way.

As I said in topic 2 weeks ago, the rise to a price like $80k is not going to happen in weeks but also it won't be more than a year like you are suggesting here. $80k and $100k are not really big price targets, we were seeing much bigger rises in the first quarter of 2017, if anything it should be bigger this year with all the attention bitcoin is receiving from institutional investors.

I guess bitcoin will not move that high if we will not experience a big correction first.
The institutional money is already their but we always see this market to dump big time after a bull run, and i think this year is no exception.

$80k - $100k might be big for now but once the price is on uptrend movement, we will forget we have thought of that.

Thing is, it's just in our mind, we forget that bitcoin is based on supply and demand so price has no limit.

[buwaytress]

^^ Exactly, as I have said previously, we are in the period of consolidation. And then we have the bitcoin future contracts worth billions set to expire in the end of the month. And after that we might see new all time high. As far as the negative news created by social media, yes, this is a sign that they wanted to bring the price down so that they can buy bitcoin at a cheap price. We have seen this kind of strategy before and for sure we all know what's coming.

Personally, I think less of a consolidation than a finding out of the true bottom. Not sure in any past rallies if Bitcoin's ever retraced to a previous ATH (I don't think so) but this one could actually see sub 20k if the bears make a concerted effort... but the resulting bounce would be spectacular.

Consolidation will happen, but only once Bitcoin's found its feet and its floor.

[Inspiron14]

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.

Don't get too excited, we don't know if Bitcoin can reach new ath again at $ 80k in October 2021 or even back to $ 10k?
Don't let the mistakes in 2017-2018 happen again, the bull market is shorter than the bear market. remember it!
If you have a lot of capital, buy gradually when the correction comes, $ 29k to $ 26k is a good time to buy it

[lahmacunkuregi]

I expect it to reach around 100 thousand dollars towards the end of this year when I look at my own analysis. It is not very difficult to reach, actually I trust my analysis

[Lanatsa]

I expect it to reach around 100 thousand dollars towards the end of this year when I look at my own analysis. It is not very difficult to reach, actually I trust my analysis

That's right but don't let your hopes too high or that much because it will just frustrate you once bitcoins price wont able to reach up your expectations.

100k is a long way to go and this would really be a very bumpy ride.We might able to reach 40k ETH but doesn't mean that we would easily reach those numbers in no time.

Try to look that we are now stabilizing at the moment and we do even had a hard time on breaking 40k, it might not still a very long time but we can already presume that
this might be already the tough resistance that we might be facing on future years to come.

100k isn't really to far off because we do almost reach on the half line but expect that this wont come easy.