Is $65,000 the peak of this bull market?

[slaman29]

It's still too "expensive" for now and a lot of problems in India and China (that's a third of the world population) for it to be worth that much.

Lets forget about the problem in China since they actually if majority of people will just stake with bitcoins and doesn't care about their issues well provably we can see bitcoin climb up again but since the market is struggling and the movement seems unsure maybe we cannot see the price reach unto the ATH price again but I hope I'm wrong since I'm still hoping to see the price reached at 6 digits in figures.

That's easier said than done though. I know Bitcoin itself is resistant to censorship and no government can block it, but if you are an evil government, you could still perhaps monitor your citizens and see which of them connects to known Bitcoin servers, and if you want to sell it, you can't do it easily or safely (for most people who don't know how to use p2p).

So for all that trouble, it will affect demand.

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[Kittygalore]

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Well many people really says that 65k$ is the peak of the bullrun and believe that bullrun really ends but for me the end is far from now. The market is dumping but i still believe in the next few days bitcoin will still rise up and it's price may continue to rise just like from the past after the dip there is always a rising of the price so I am not afraid of it.

Have you seen any peaks recently? I don't think so, so that means that 65k for now is probably the highest peak of bitcoin but if we arguing over the fact that it's not the highest then when will the highest happen? We aren't paying our bills with the prospect of the future. All we can do is wait and see if it gets toppled off as the highest peak.

[wxa7115]

I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin.

Is that a typo or do you really think so?

I doubt it is a typo since just a few words later the user you are quoting also put a 64 there.

Like always everything depends on the time frame we are talking about, supposing the bull run is not over, and I think this is the case, then a low 6 figures should be possible, maybe something like 100k to 200k by the end of this year and then we could see a correction, however if we are talking about the next decades then a price of 640k is pretty much a given, now what can you actually buy with that money could be a subject of discussion if inflation gets out of control but that is another topic.

[STT]

The price action seems to have greater longevity this time so no i think we exceed that peak even now.   Im thinking of 2017 rather then 2019 because 2017 did last for most of the year in continually rising yet it was far more violent then how I observe the movements on BTC this year.    We seem to have the possibility to trade lower but still accumulate enough buying to restablish a trend and reach futher highs then we saw previously.   Its not just set with a downtrend simply and continually being sold on a singular dynamic.
   Also another factor to consider is the dollar index is continually failing to establish any pattern of lows that might lead to a rise in FIAT value.   It could break down and become more obvious in its weakness of excessive supply vs demand, that'd surprise quite a few and lead to a new high for BTC possibly

[mskryxz]

Peak is yet to come.

[philipma1957]

I would have bet against it. I wanted or hoped to get closer to 100k.

But now I think maybe we are done.

we need to get way lower or stay flat until Aug1

then I would say the run is dead.

[irsada]

I'm speculating bitcoin will redeem ATH again at the end of the year, peaking maybe around $100k , we see a lot of people popping up against bitcoin so it makes its current price fall around $36k at the moment, not impossible to make a comeback because almost every bad news usually accompanied by good news that makes the market excited again.

[Kemarit]

I'm speculating bitcoin will redeem ATH again at the end of the year, peaking maybe around $100k , we see a lot of people popping up against bitcoin so it makes its current price fall around $36k at the moment, not impossible to make a comeback because almost every bad news usually accompanied by good news that makes the market excited again.

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end of this year. So let see how it pans out.

[aioc]

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end of this year. So let see how it pans out.

Many predictions of Bitcoin going to 6 digits were created late last year and early this year, it's too early to give up, the worse bear market we have experienced was the start of the pandemic, after that the market picks up, the only bad news we have is Elon Musk and this bad news will soon be over and the market will start to pick up, we have weathered pandemic why not Elon Musk.

[ILuckyGuyI]

I've started thinking like "Yeah, it is the peak.". Because we have been seeing these levels for a long time and the price doesn't give any sign about a possible rally again. It looks like we are entering the bear market.

[Stalker22]

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end of this year. So let see how it pans out.

Many predictions of Bitcoin going to 6 digits were created late last year and early this year, it's too early to give up, the worse bear market we have experienced was the start of the pandemic, after that the market picks up, the only bad news we have is Elon Musk and this bad news will soon be over and the market will start to pick up, we have weathered pandemic why not Elon Musk.

There is a strong possibility that Bitcoin will reach the 6 digits by the end of the year and possibly even higher than that. Bitcoin ETF approval by the SEC in the US is still on the table.
A Bitcoin ETF means an instant billions worth of investment coming into the cryptocurrency market.

[molsewid]

I'm speculating bitcoin will redeem ATH again at the end of the year, peaking maybe around $100k , we see a lot of people popping up against bitcoin so it makes its current price fall around $36k at the moment, not impossible to make a comeback because almost every bad news usually accompanied by good news that makes the market excited again.

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end of this year. So let see how it pans out.

Well I guess the time for bitcoin to recover is still long for a big come back though a 6 digit price prediction may definitely going to take in a long run but hopefully we might gonna see it to become a reality. And I also think that $65,000 is not yet the peak market price of bitcoin because we still have 5 months and more left for this year and for me the most awaiting and exciting part is the end seasons of this year where everyone are waiting for a price pump of bitcoin reaching for another ATH. But actually bitcoin has a long rally of bullish trend this year it's almost take 4 months or almost 5 months.

[eaLiTy]

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end
of this year. So let see how it pans out.

We are trading in a range bound for a while now and it is not that bad as we are having a good support at $30k and the resistance is above $40k and we might trade in these ranges for a while and we might see the market going for one final push to break the resistance at $40k and if that happens then we might reach the all time high valuation yet again and we might push for further higher valuation and i do expect that the market could reach around $75k before the major correction.

[freedomgo]

Still a long way to go for a 6 digit prediction. We have been bouncing just around ~$40,000 for quite sometime now.

Maybe the bull run is over short term, we still have to look though in the last quarter of this year. If the prices goes down or at least we remain in this level, then $100,000 is not possible. And I'm sure many are going to be disappointment as many have been predicting at least $100,000 or even more at the end
of this year. So let see how it pans out.

We are trading in a range bound for a while now and it is not that bad as we are having a good support at $30k and the resistance is above $40k and we might trade in these ranges for a while and we might see the market going for one final push to break the resistance at $40k and if that happens then we might reach the all time high valuation yet again and we might push for further higher valuation and i do expect that the market could reach around $75k before the major correction.

That should be great news if that would happen, however, on the other side, if the support will be broken, bitcoin might result in a big free fall as more panic will happen by the weak hands. The market movement is pretty much uncertain now if you are bullish, it's bearish which is more dominant now and we are witnessing it in the past few weeks.

[erep]

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

We've seen bitcoin hit ATH in the last few months but whether it might take another 3 months to get back to ATH, no one knows. But from the convincing speculation that hopes of hitting $100k are getting closer, I smell it.

[STT]

It'd be a better question to ask is 65k the highest for this year, I'd say there is a good probability of that because good things take time and we've had hype cycle so I consider it'll be a while which is no negative its just requiring patience really.
  To answer forever then surely I dont think thats the all time high ever seen just like I dont think we go to zero, it will accumulate in the same way the dollar is certainly unable to repay its debts made without default which is far too controversial and disruptive now.   Obviously we dont have a clear path, I'm not saying like it must happen but on balance I consider the path of least resistance and it ends with crypto higher so far as I see.

[coin-investor]

We've seen bitcoin hit ATH in the last few months but whether it might take another 3 months to get back to ATH, no one knows. But from the convincing speculation that hopes of hitting $100k are getting closer, I smell it.

I hope you have a good smell and you really smell that we are going to hit $100k, so many investors are predicting the $100k level, I'm one of those guys who predicted the $100k level and I'm keeping my hopes alive as long as there are only FUDS and no bad news like the pandemic that we've had, hope is still alive and it should be burning.

[BuNga_cute]

We've seen bitcoin hit ATH in the last few months but whether it might take another 3 months to get back to ATH, no one knows. But from the convincing speculation that hopes of hitting $100k are getting closer, I smell it.

I hope you have a good smell and you really smell that we are going to hit $100k, so many investors are predicting the $100k level, I'm one of those guys who predicted the $100k level and I'm keeping my hopes alive as long as there are only FUDS and no bad news like the pandemic that we've had, hope is still alive and it should be burning.

I'm also one of those people who are optimistic that Bitcoin will hit $100k by the end of this year, so $65k isn't the peak price in my opinion.
Moreover, it seems like a lot of people predict the price of Bitcoin will reach $100k, with many people thinking positively like that indirectly
motivates holders Bitcoin not to rush to sell the Bitcoin they have. That way I hope it will come true that eventually Bitcoin reaches the price of $100k.

[karanggatak]

I don't think so, this year is still not over, everything is still possible, I'm still optimistic that this year bitcoin can penetrate the new ATH from the previous month.
the reason I have seen lately a lot of news about US inflation I think this will affect all crypto assets, many people will secure their wealth in crypto or gold to avoid the impact of the inflationary storm that does not know when it will end.

[Rajamuda]

Predicting price movements is not certain in reality, related to many new things that can affect it all, but indeed, basically we still apply a sense of optimism and continue to do profitable things, well even though predicting prices to be higher can motivate of what we do.
I think it seems like it will get to that point, but indeed time will determine all that.