$80k within 6 weeks, new ATH October 2021

[tabas]

Recently, I never hear any bad news or FUD about Bitcoin

You've missed it.
Bitcoin at $50,000 “Unsustainable,” Says JP Morgan
Bitcoin Crosses $52,000 After JPMorgan Calls Current Price 'Unsustainable'

[1715164841]

1715164841

[cryptomaniac_xxx]

Recently, I never hear any bad news or FUD about Bitcoin

You've missed it.
Bitcoin at $50,000 “Unsustainable,” Says JP Morgan
Bitcoin Crosses $52,000 After JPMorgan Calls Current Price 'Unsustainable'

Well they can't really stop this bull run even if they created FUD like what JP Morgan is saying here. On the contrary, bitcoin continues to go up to $52k and we see it as sustainable as this could just be the beginning towards $80k-$100k before the end of the year. And I'm sure people are getting tired hearing this kind of FUD that most of the time it hasn't had any effect as compare to previous years.

[Luthier]

So.  It's been 6 weeks today and obviously we are not quite in range of $70-80k yet, but I'm happy I was correct on the general direction.  Currently sitting just below the ATH of ~$52,500.

In the last 6 weeks a lot of things have crystallized and become more clear about this 2021 bull run, though the future remains anything but certain.  So far, judging by the speed and trajectory, it is somewhere between the steep run-up in the first half of 2013, and the slower grind upwards throughout 2017.

One thing is reasonably for sure, this upward momentum is far from over, and it's starting to look like although we're not at $80k yet, we may hit $100k much sooner than I originally thought.  One clue for this can be found in altcoins.  Take LTC for example, which is now sitting at about 65% of its ATH.  I would be absolutely shocked if BTC tops out in this bull cycle with LTC not making a new ATH.  I would put that possibility at less than 10%, and furthermore I find it extremely unlikely that LTC would not hit at least $1k before BTC peaks, probably much higher.  Other strong alts are also sitting below ATH, with ETH only recently passing its old high.

Another piece of the puzzle is the growing institutional FOMO, and then there are more stimmy checks coming probably late March in the US.  All in all I can see upward pressure pushing us through an insane March and April, with $100k easily on the table. 

[tabas]

Recently, I never hear any bad news or FUD about Bitcoin

You've missed it.
Bitcoin at $50,000 “Unsustainable,” Says JP Morgan
Bitcoin Crosses $52,000 After JPMorgan Calls Current Price 'Unsustainable'

Well they can't really stop this bull run even if they created FUD like what JP Morgan is saying here. On the contrary, bitcoin continues to go up to $52k and we see it as sustainable as this could just be the beginning towards $80k-$100k before the end of the year. And I'm sure people are getting tired hearing this kind of FUD that most of the time it hasn't had any effect as compare to previous years.

$55k the highest that we've seen it today. It's true that they can't stop bitcoin's bull run this time. Unlike before, when we're in the bull run, with one FUD, the market reacts so fast.
We can't wait for bitcoin to see for the first time $100k in history. I'm sure that many are waiting for that price and would fill their sell orders and regardless of FUD that comes out, bitcoin remains to be stronger.

[LUCKMCFLY]

Recently, I never hear any bad news or FUD about Bitcoin

You've missed it.
Bitcoin at $50,000 “Unsustainable,” Says JP Morgan
Bitcoin Crosses $52,000 After JPMorgan Calls Current Price 'Unsustainable'

Well they can't really stop this bull run even if they created FUD like what JP Morgan is saying here. On the contrary, bitcoin continues to go up to $52k and we see it as sustainable as this could just be the beginning towards $80k-$100k before the end of the year. And I'm sure people are getting tired hearing this kind of FUD that most of the time it hasn't had any effect as compare to previous years.

$55k the highest that we've seen it today. It's true that they can't stop bitcoin's bull run this time. Unlike before, when we're in the bull run, with one FUD, the market reacts so fast.
We can't wait for bitcoin to see for the first time $100k in history. I'm sure that many are waiting for that price and would fill their sell orders and regardless of FUD that comes out, bitcoin remains to be stronger.

Well there is something that I have learned about the FUD, when there is bad news and a lot of FUD that gives me an indication to buy, on many occasions I have said it, bad news = purchases, and I see it from the point of view of market speculation, Strong Hands when they want to buy, it would not hurt some bad news to cause general panic and weak hands sell. Although currently some announcements from very influential people such as Elon Musk, Paypal, Microstrategy have made their Bitcoin purchases known, this moves people's emotions, causes more confidence, which means that the growth in price is more liquid, that is, in crypto anything is possible.

[tabas]

Well there is something that I have learned about the FUD, when there is bad news and a lot of FUD that gives me an indication to buy, on many occasions I have said it, bad news = purchases, and I see it from the point of view of market speculation, Strong Hands when they want to buy, it would not hurt some bad news to cause general panic and weak hands sell. Although currently some announcements from very influential people such as Elon Musk, Paypal, Microstrategy have made their Bitcoin purchases known, this moves people's emotions, causes more confidence, which means that the growth in price is more liquid, that is, in crypto anything is possible.

That is the thing right now, with all of those influential people and institutions, each of their words becomes wisdom and signal depending how you look at it.
And the strategy that you have learned, it's what some other people have learned as well. You're right that when there were FUD in the past, that's an indication of buying and it truly hurts the market but this time, looks like it's weaker.

[Sanitough]

This is becoming into reality, the way the price is moving it seems like this prediction is even so conservative.

We are just in the 2nd month of the year but bitcoin looks to achieved $60,000 already, this is insane, I thought the prediction was unrealistic but I was wrong, congrats OP for a nice analysis, looks like you are right.

[LUCKMCFLY]

Well there is something that I have learned about the FUD, when there is bad news and a lot of FUD that gives me an indication to buy, on many occasions I have said it, bad news = purchases, and I see it from the point of view of market speculation, Strong Hands when they want to buy, it would not hurt some bad news to cause general panic and weak hands sell. Although currently some announcements from very influential people such as Elon Musk, Paypal, Microstrategy have made their Bitcoin purchases known, this moves people's emotions, causes more confidence, which means that the growth in price is more liquid, that is, in crypto anything is possible.

That is the thing right now, with all of those influential people and institutions, each of their words becomes wisdom and signal depending how you look at it.
And the strategy that you have learned, it's what some other people have learned as well. You're right that when there were FUD in the past, that's an indication of buying and it truly hurts the market but this time, looks like it's weaker.

Yes, apparently the market now things are going through the type of circumstances, some theoretical bases may not occur when there are other types of events, currently the world is governed a lot by social networks, by influencers, by people who move masses and these they have many followers. I think this can all be summed up in: "Emotions", the market is now moving by action of it. The good news is having a positive influence thanks to institutions, companies and important people, every day is a new learning.

[tabas]

Well there is something that I have learned about the FUD, when there is bad news and a lot of FUD that gives me an indication to buy, on many occasions I have said it, bad news = purchases, and I see it from the point of view of market speculation, Strong Hands when they want to buy, it would not hurt some bad news to cause general panic and weak hands sell. Although currently some announcements from very influential people such as Elon Musk, Paypal, Microstrategy have made their Bitcoin purchases known, this moves people's emotions, causes more confidence, which means that the growth in price is more liquid, that is, in crypto anything is possible.

That is the thing right now, with all of those influential people and institutions, each of their words becomes wisdom and signal depending how you look at it.
And the strategy that you have learned, it's what some other people have learned as well. You're right that when there were FUD in the past, that's an indication of buying and it truly hurts the market but this time, looks like it's weaker.

Yes, apparently the market now things are going through the type of circumstances, some theoretical bases may not occur when there are other types of events, currently the world is governed a lot by social networks, by influencers, by people who move masses and these they have many followers. I think this can all be summed up in: "Emotions", the market is now moving by action of it. The good news is having a positive influence thanks to institutions, companies and important people, every day is a new learning.

We've been in bad influences before and the market deserves to have that good influences from those prominent people. And we know who they are, we've got a lot of idea who they really are and serious with the market.

This is becoming into reality, the way the price is moving it seems like this prediction is even so conservative.

We are just in the 2nd month of the year but bitcoin looks to achieved $60,000 already, this is insane, I thought the prediction was unrealistic but I was wrong, congrats OP for a nice analysis, looks like you are right.

Yeah, looks unreal if we'll look at it but it's for real this time and that's most of us are happy looking at it.

[LUCKMCFLY]

~snip~

I have this thinking about this thread, and of course according to the little I have learned, the market at the moment is going through a moment in which thanks to important characters it has caused a great pump or bullish trend, and it is very easy to determine it, for me What is happening is that the market is currently influenced by emotions, and emotions move the market, that explains the massive purchases, apart from the institutions that are doing it, at the same time there must be many who are selling.

There are already many who are waiting for it to reach $ 100k to sell, I mean, the expectation is very great, and this is given to the emotions that are on the surface.

[tippytoes]

~snip~

I have this thinking about this thread, and of course according to the little I have learned, the market at the moment is going through a moment in which thanks to important characters it has caused a great pump or bullish trend, and it is very easy to determine it, for me What is happening is that the market is currently influenced by emotions, and emotions move the market, that explains the massive purchases, apart from the institutions that are doing it, at the same time there must be many who are selling.

There are already many who are waiting for it to reach $ 100k to sell, I mean, the expectation is very great, and this is given to the emotions that are on the surface.

I think the market is influenced more on the institutions or companies that are now showing their interest to venture in crypto by accepting crypto as their payment system or by buying bulk number of BTCs in the market. So this is the real deal here, I believe a lot of merchants are now accepting that volatility will always be there, so it is how they will manage their crypto here to avoid their losses that they are talking about. But right now, from the looks of it, 80k is very possible to happen this year.

[Garmo]

Recently, I never hear any bad news or FUD about Bitcoin, and if continue like this $80K is easy to reaches.

There has been a couple of FUDs in this bull run, make no mistake. You just haven't been looking hard enough. Off the top of my head:

Tether FUD, which alleges that the price was artificially inflated by issuing inadequately unbacked USDT to purchase bitcoin all throughout the bull run to create scarcity, essentially centralizing Bitcoin.

Double Spending FUD, which turned out to be a nothingburger altogether. And a few more FUDs you'll have to look for yourself. Despite being, you know, all false and unsubstantiated, these FUDs actually managed to drive the price's trajectory down to the support line of $30-33K.

[tabas]

~snip~

I have this thinking about this thread, and of course according to the little I have learned, the market at the moment is going through a moment in which thanks to important characters it has caused a great pump or bullish trend, and it is very easy to determine it, for me What is happening is that the market is currently influenced by emotions, and emotions move the market, that explains the massive purchases, apart from the institutions that are doing it, at the same time there must be many who are selling.

There are already many who are waiting for it to reach $ 100k to sell, I mean, the expectation is very great, and this is given to the emotions that are on the surface.

I agree about the selling order are being prepared @ $100k. I'm sure to see a lot of holders dumping at that price. If others have dumped at $10k, $20k, $30k, $40k and $50k.
What's more if it bitcoin finally hits $100k.

[Jating]

So.  It's been 6 weeks today and obviously we are not quite in range of $70-80k yet, but I'm happy I was correct on the general direction.  Currently sitting just below the ATH of ~$52,500.

We reach $57k mate.

In the last 6 weeks a lot of things have crystallized and become more clear about this 2021 bull run, though the future remains anything but certain.  So far, judging by the speed and trajectory, it is somewhere between the steep run-up in the first half of 2013, and the slower grind upwards throughout 2017.

Yes, prediction model base on 2017 bull run is $100k.
While 2013 model points us to a higher price $288k

One thing is reasonably for sure, this upward momentum is far from over, and it's starting to look like although we're not at $80k yet, we may hit $100k much sooner than I originally thought.  One clue for this can be found in altcoins.  Take LTC for example, which is now sitting at about 65% of its ATH.  I would be absolutely shocked if BTC tops out in this bull cycle with LTC not making a new ATH.  I would put that possibility at less than 10%, and furthermore I find it extremely unlikely that LTC would not hit at least $1k before BTC peaks, probably much higher.  Other strong alts are also sitting below ATH, with ETH only recently passing its old high.

I can't say about LTC but for bitcoin, yes this bull run is unstoppable and can continue up to the end of the year and we will see what prediction model will repeat this year, 2013 or 2017.

Another piece of the puzzle is the growing institutional FOMO, and then there are more stimmy checks coming probably late March in the US.  All in all I can see upward pressure pushing us through an insane March and April, with $100k easily on the table. 

Big companies and institutions are what driving this bull run and then we have FOMO. Speaking of stimulus package:

https://twitter.com/bitcoinstimulus

$1200->$10k now if those who received put it on BTC.

[justdimin]

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 think it this is basically the "proof" of there which makes us to assume that no price that bitcoin can't reach, it could literally be anything , all we need is time. Sure when you look at it today, bitcoin being 1 million dollars per bitcoin looks very hard and very difficult, however one thing is for sure, bitcoin is not looking to break 1 million "today", that doesn't mean that in 10-20-50 or whatever year it will not be that high, it will definitely be high enough to reach those prices one day.

So, that means there is really not a price in the world bitcoin "can't" reach and no matter how many topics he starts, he is going to be "right" temporarily and never will be right permanently . That is at least what I think about bitcoin and if I am right (I hope I am right) that means having more and more bitcoin constantly would mean a lot and you could literally be rich eventually if you wait long enough.

[Mehedi72]

bitcoin surprising keep breaking each old ath landmask that was recorded recently.people are become crezy to buy bitcoin and their capital makes bitcoin on fire.even elon mask already bought bitcoin that already draw people Attension! Thus bitcoin already able to gather lots of investors who love to buy bitcoin.market condition is not so good right now but hope will be recovered soon & btc would hit the $80k landmark maybe within a month cause that won't hard for btc

[LUCKMCFLY]

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 think it this is basically the "proof" of there which makes us to assume that no price that bitcoin can't reach, it could literally be anything , all we need is time. Sure when you look at it today, bitcoin being 1 million dollars per bitcoin looks very hard and very difficult, however one thing is for sure, bitcoin is not looking to break 1 million "today", that doesn't mean that in 10-20-50 or whatever year it will not be that high, it will definitely be high enough to reach those prices one day.

So, that means there is really not a price in the world bitcoin "can't" reach and no matter how many topics he starts, he is going to be "right" temporarily and never will be right permanently . That is at least what I think about bitcoin and if I am right (I hope I am right) that means having more and more bitcoin constantly would mean a lot and you could literally be rich eventually if you wait long enough.

It's like this friend, just remember those times where nobody believed that Bitcoin was going to reach 1000USD, then $ 10k, just for now I would like to see a very round $ 100k and that it remains in that price range, to know that it will cause a lot more commotion in people like Schiff, in some entities like the FED, as you say, in Crypto everything is possible, just the fact of having at least a fraction of Bitcoin will mean a lot of money, a lot of value, some economists, analysts who are against Bitcoin will not hesitate to say and affirm that it is a bubble (They will never learn) I think that this year we can see a great price of Bitcoin, new ATH, with reaching $ 100k being.

[Luthier]

The correction in January was 30%, this one so far is 22%.  I see $42k as quite likely, with anything above $35k remaining uber bullish.  I don't believe we will have more than 1, maybe 2 weeks of red here.

[btc78]

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.

Meaning you have been having your bitcoin 8 years now ? oh common    you are not watching the market but you are buying and selling your bitcoin.

I find it stupid to assume that early adopters like you keep the holding after 2017 Hype , and it is much harder to believe that you keep holding after price reached 50,000$ early this year.

But of course i will respect your decision but don't expect me to believe that it is.

[Wilhelm]

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.

Meaning you have been having your bitcoin 8 years now ? oh common    you are not watching the market but you are buying and selling your bitcoin.

I find it stupid to assume that early adopters like you keep the holding after 2017 Hype , and it is much harder to believe that you keep holding after price reached 50,000$ early this year.

But of course i will respect your decision but don't expect me to believe that it is.

Same for me hodling since 2013. Should have bought and mined more