$80k within 6 weeks, new ATH October 2021

[magneto]

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.

Interesting.

I do think that we're already in the consolidation stage right now. The $30k support has been tested, but I do feel that prices can go down to even the $20k zone before another run up occurs.

The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place).

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[Emitdama]

I do think that we're already in the consolidation stage right now. The $30k support has been tested, but I do feel that prices can go down to even the $20k zone before another run up occurs.

The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place).

The difference between 2017 and today doesn't stop with that only, we also do have altcoins increase in fiat amount a lot as well whereas in 2017 alts were almost dead and had a huge increase AFTER bitcoin dropped, now we see ethereum going from 200 to 400 to 700 to 1000 to 1400 dollars back to back.

Everyone is feeling the big increase but that is the hype we have, right now everyone is in bull mode and even with the fall we are not letting it go down anymore and working hard to keep buying even when it is going down. However do not forget that the feeling of hype existed in 2017 as well, what happened was price went down and some people left, it went down a bit more and more people left, and it we.. well you get the point, the more price falls the less people stands in hype and eventually it crashes. So just because that hasn't happened yet doesn't mean it will never happen.

[Yaunfitda]

So, is this prediction still on since we have been a major move today as far as the price goes?

As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.

[Sanitough]

So, is this prediction still on since we have been a major move today as far as the price goes?

As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.

19% increase now, bitcoin heading to $40k again, maybe this time it will finally succeed to have a new ATH again.

Very bullish today, maybe we have to thank DOGECOIN for creating a FOMO in the market?
DOGE still the most profitable today with 400% increase. 

[JahriMeayer]

True that bitcoin already raise tripple of its value within few months & has the incredible things done what was think impossible a years ago.but i can't expect so much from bitcoin like $80k or $100k within this year.know that wouldn't be impossible for btc to hit the milestone you mentioned but actually it already pump huge and time is not for far when the bitcoin market would crash anytime. although a year later, there would be correction & btc would hit another milestone, i believe but not this year

[Becky666]

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.

It could be possible if there will be more demands from bitcoin, the $100k might not be possible this year but possibly years ahead when there will be more adoption for the community. Anyone thinking about this figure ($100k and above) should consider bitcoin as an asset in it early stage, more years achievement will prompt bitcoin price to hit the amount in future.

[Zemomtum]

I am optimistic that if nothing happens, at least we are going to experience minimum of 100k BTC this year. Institutions are coming in and adoption is increasing. God year for digital currencies.

[KTChampions]

True that bitcoin already raise tripple of its value within few months & has the incredible things done what was think impossible a years ago.but i can't expect so much from bitcoin like $80k or $100k within this year.know that wouldn't be impossible for btc to hit the milestone you mentioned but actually it already pump huge and time is not for far when the bitcoin market would crash anytime. although a year later, there would be correction & btc would hit another milestone, i believe but not this year

A reasonable point of view, I agree with you. If everyone reasoned just as calmly, then perhaps bitcoin would have less volatility and smoother growth)  Now the crowd is either too optimistic and waiting for unrealistic growth levels, or pessimistic and ready to short because it is waiting for a collapse.

[Wawa2013]

With Bitcoin price currently still at $ 34k, it looks like it will be tough in the next 6 weeks to hit the $ 80k target. I analyzed the movement of
Bitcoin which yesterday went up to a price of $ 37k and is now down again to a price of $ 34k. This means Bitcoin is still struggling to get back
to its $ 40k price tag.

But the next 6 weeks is enough time for Bitcoin to return to the ATH price again. So just HODL your Bitcoin. Then regarding the new ATH in
October 2021 it is very possible if Bitcoin's performance is like today. Moreover, more and more institutions are interested in investing in Bitcoin,
so it's not too difficult to reach the new ATH in October 2021.

[lepbagong]

I am optimistic that if nothing happens, at least we are going to experience minimum of 100k BTC this year. Institutions are coming in and adoption is increasing. God year for digital currencies.

optimism is certainly needed for everything we will do, as well as the increase in bitcoin.
If you look at the first and second halving, the% that happens is quite large, is this what makes the OP predict things like that and maybe others too.
but actually let bitcoins increase, but don't let altcoins lag behind because bounties also need altcoins to reach ATH.

[Luthier]

I'm sorry people, I let you down.  It looks like my prediction will happen one or two weeks later than expected.  Once again, I'm terribly sorry.

[fadhilz123]

If we analyze the bitcoin movement, your prediction probably right. I believe that is not hard for Bitcoin to reach $8K in October, and if we are lucky that October 2021 already reaches 100K. Buy and Hold.

[Luthier]

Man, this is the weirdest bear market I've ever seen.  Huh.  I guess I'll just keep hodling. 

[Luthier]

LOL, on a serious note.  I did accumulate a significant amount during that 3-week dip, and also diversified more heavily into ETH (sorry guys) once I saw that ETH/BTC broke a big resistance level.  It appears we have now achieved liftoff.

[TravelMug]

LOL, on a serious note.  I did accumulate a significant amount during that 3-week dip, and also diversified more heavily into ETH (sorry guys) once I saw that ETH/BTC broke a big resistance level.  It appears we have now achieved liftoff.

Good for you, and with the whole crypto sphere going crazy about Elon and Tesla investing a huge part of their assets to BTC, I think we are still in track of the $80k this October right?

For ETH, no biggies, you do what you have to do, ETH also surpasses it's ATH and still growing as of this time. But for BTC, this is really a good and welcoming news for us, I reckon that in short them, it's possible to hit $56k with all of this FOMO.

[Luthier]

Good for you, and with the whole crypto sphere going crazy about Elon and Tesla investing a huge part of their assets to BTC, I think we are still in track of the $80k this October right?

I think you misunderstood me my friend.  My original prediction was for $70-80k 6 weeks from when I posted this on January 7th.  That would put it at 10 days from now, on Feb. 18th.  Not impossible, but not terribly likely either.  I think it may take one or two more weeks.  If that happens, I do believe the market might enter a consolidation phase without breaking the ATH again until October-ish.  But after that, $200k would not be impossible.

[kotajikikox]

So, is this prediction still on since we have been a major move today as far as the price goes?

I think we will have a continues prediction this year because the market has no plan in stopping the surprises , Imagine today we reached another ATH at 46,000$? damt thats a too high amount.

As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.

The past 4 weeks actually , But now we Have broken the 45,000$ so lets see what happens this Whole week since we are just starting 

[Questat]

So, is this prediction still on since we have been a major move today as far as the price goes?

I think we will have a continues prediction this year because the market has no plan in stopping the surprises , Imagine today we reached another ATH at 46,000$? damt thats a too high amount.

Too high that it will soon break to $50k, this is a remarkable price because people does not believe that $100k is achievable, but when we are at over $50k, things would be easier. Remember, we reach $20k and we did not expect to see a double of price at that ATH.

As others have pointed out, in the last three weeks, it seems that bitcoin is on the consolidation phase and now we have seen the break out run that we are all been waiting for. Next target for this rally is $40k-$50k now, easily achievable within the next week or before the end of February if FOMO will sets in again.

The past 4 weeks actually , But now we Have broken the 45,000$ so lets see what happens this Whole week since we are just starting  

It all fueled by tesla's announcement, they are the reason why it pump and they are also the reason why this market could probably dump, if you know what I'm saying.

[sana54210]

So, is this prediction still on since we have been a major move today as far as the price goes?

I think we will have a continues prediction this year because the market has no plan in stopping the surprises , Imagine today we reached another ATH at 46,000$? damt thats a too high amount.

Too high that it will soon break to $50k, this is a remarkable price because people does not believe that $100k is achievable, but when we are at over $50k, things would be easier. Remember, we reach $20k and we did not expect to see a double of price at that ATH.

That idea that people think 100k is possible is the most important thing that came out of this situation. We are still more than 100% away from being 100k, so it is not an easy task but the fact that people actually believe it could happen do mean a lot to me. I personally believe that 100k is possible as well, I have bitcoins and holding it (very low amount but still happy about it) and I think it is quite important that crypto people think 100k is something we could do without a problem, it means a lot.

Of course, it is not going to be simple and we need to keep grinding on it, but we still have a path there and have the belief that we can get there, in order to reach a price first we need to believe that it is possible and realistic, all those talks about a million dollars is still unrealistic, even 100k was unrealistic last year but now it looks so possible. This means a lot.

[TravelMug]

Good for you, and with the whole crypto sphere going crazy about Elon and Tesla investing a huge part of their assets to BTC, I think we are still in track of the $80k this October right?

I think you misunderstood me my friend.  My original prediction was for $70-80k 6 weeks from when I posted this on January 7th.  That would put it at 10 days from now, on Feb. 18th.  Not impossible, but not terribly likely either.  I think it may take one or two more weeks.  If that happens, I do believe the market might enter a consolidation phase without breaking the ATH again until October-ish.  But after that, $200k would not be impossible.

No, I totally understand your point, you posted it when we are still in the super fast rally, and then we went into a period of consolidations. But with the current hype of Elon Musk and his Tesla, we could at least hit $56k-$60k. And if you remove the consolidation phase in your prediction, we might as well be in the $70k-$80k at least.

A good $50k'ish wont be bad though till Feb 18th right? And then we work on till $70k-$80k as you predicted.