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

[Oceat]

so far, it can be concluded. however, the current price has dropped and is below $ 40k. If there is an increase in price, I think it will be quite difficult for bitcoin prices to go up to $ 65k again, especially if there is no support. however, we don't know what developments are ahead, but if the price returns to pump quickly, it looks like there will be a new ATH this year.

Looking at the price is still high enough compared to the price last year and speaking of pumping from $35k to $65k will take a few weeks if there are large institutional investors going to join the market. If you have noticed how fast the price pump from December to January then straight to February I guess you won't need an explanation. All we need is a good news and a FOMO will do the rest of the work.

For now, Bitcoin is still lurking at the $30+ levels and nowhere near going to dump or pump to another level. FOMO or FUD will going to tell where the market is headed. So let's hope it's a good news since I'm still very bullish.

[LUCKMCFLY]

There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:

“A key to reading this chart is to know that BTC user count has roughly doubled every year since inception a dozen years ago. So the 2021 peak is expected to end at levels MUCH higher than the 2017 peak. Under this trend, we are just warming up.”

Source: https://dailyhodl.com/2021/05/26/bitcoin-bull-market-just-warming-up-says-on-chain-analyst-willy-woo-heres-why/

Many investors predict that BTC will reach minimum points, but I am fully convinced that this will not be the case, normally when a single option is predicted a lot, the opposite happens, and I think that with what Woo says plus what PlanB says is enough , I trust the S2F a lot more.

[Kong Hey Pakboy]

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

[7788bitcoin]

There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:

In the grand scheme of things these strong market is just an indication of the high market valuation it could reach but that does not mean that we will see these higher valuation particularly in this rally. I am bullish in Bitcoin as well in the long run and i wont be surprised if we already saw the all time high valuation for this rally but i would like to see one last rally before the major correction.

[bakasabo]

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

[MCobian]

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

It is true that the price of $ 65k is the peak price for now, we can't predict the future. Therefore there is still a possibility that this year Bitcoin could
rise higher than the price of $ 65k, because Bitcoin movements are unpredictable. Actually we don't have to worry whether the price of $ 65k is
already the peak price or not, the most important thing is that we continue to collect as much Bitcoin as possible. So when Bitcoin manages to
go higher, the profit we generate is getting bigger. Therefore we really have to prepare everything before that happens, but even if Bitcoin fails
to climb higher, there's no need to panic. Because someday Bitcoin will definitely be able to rise above the price of $ 65k.

[michellee]

After reaching $40k, the bitcoin price back to the lower price at $37k and I guess that situations will be like this for some time. We need to modify our strategies if we still want to trade because, at this moment, bitcoin price is hard to predict and we might miss something if we do not analyze for more. Bitcoin can increase more than the price now, but it seems bitcoin needs more support so the price can break $42k and still grow. But I am still sure that bitcoin will rise at the right time and will give us a surprise later.

[Reatim]

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.

Bitcoin already take 40,000$ value in the last 24 hours and i think this is a good step for the new climb.

Hitting another ATH maybe take some time again but for the whole year? yeah that will be the next step.

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

Nope , if you are talking about Peak for the whole year of 2021 because the 64,000 and not 65,k peak of ATH is just a middle of the growth this year and for me 100k is the true maximum level.

[LogitechMouse]

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?

$65,000 might be the peak of this current bull market or it might not be .

The market right now is down at least half because of what happened this past few weeks. Elon Musk tweets and add also the fact that the whales manipulated the market buy just simply buying it while it is going down and then sold it immediately to further push it downwards.

I think that the short correction is over and we are right now in the recovery phase. As for me, I don't think that $65,000 is the peak of the bull market and I believe that we might see even higher price before the end of the year. Most optimistic prediction for me is $100,000 by the end of the year .

[Obito]

There's still a lot of time this year so I wouldn't worry too much that 65k is the highest price of the market for this year, the prices are already recovering and we might be seeing a big pump in the next coming months, who knows what's going to happen next, let's just watch and be there to bear witness when something big happens.

[xSkylarx]

It is too early to tell if bitcoin has already reached its peak this year. We are just in the middle of 2nd quarter now and it already reached that $65k ATH few weeks ago so there is still a lot more stuff going to happen this year. Most often bitcoin and other cryptos pump hard during the 4th quarter especially during November and December but it is still hard to predict if this will happen again because crypto is very volatile. It could pump before those months like reach the speculation of $100k per bitcoin then dump before the year ends.

[Marvelman]

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

[Hamphser]

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

[Slow death]

if you want to see another ATH you just have to convince elon musk to buy more bitcoins and invite his billionaire friends to buy bitcoin and tweet about the advantages of bitcoin. leaving joke aside. this question of price is something very complicated to predict, many people have made a lot of profit and probably if the price is not increasing then people will be selling, this constant selling pressure will make the price not increase much and fluctuate in some regions

No one really knows and this is how the market works or behaves.

Tom Lee predicted that the price will reach $ 100,000 this year ... I still think it is exaggerated, but there are so many people with optimistic forecasts that now it seems that everyone has crystal balls

[lepbagong]

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

all will not know later and then about the behavior of the market and what you say is true, but we can predict from the habits that have been experienced even though it does not guarantee the truth. at least there is a handle to be able to analyze the outline.

but $65K does not mean the peak of bitcoin at this time, if it will happen from the experience of 2018 at the beginning of the year there will be a correction and cannot move to go up again and this did not happen this year. so this can be said is, there is another side that makes bitcoin experiencing a very deep correction. maybe it can be from @elonmusk or also the bitcoin ban in china where it happens at the same time.

thus causing panic from investors who are afraid of losses, by taking steps that the market accepts that there is doubt about bitcoin, resulting in the correction. but we do not believe that the correction will last long and bitcoin will come back again as the forecast was clearly visible from the beginning of the year. we are waiting patiently for the market to turn around well again.

[Dave1]

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

True but as a market that is very volatile, it might not hold for a long time. Just like what we are seeing, we will jump to $40k then gets rejected. So I will assume that there are traders shorting bitcoin at this bearish trend. That's why the accumulation period doesn't work until you buy when the price goes down hold and don't trade.

There are even some TA that we are forming a double top similar to 2013, so it might take some time for the market to bounce back, but there's a big chance that we haven't seen the peak yet, at least in 2021.

[rahmatrf331]

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

The marketing concept never changes at any time. as an investment player must know the concept, when there are many sellers and no one is interested in buying, automatically the market price will fall and we are a lot of buyers and BTC is not able to be available, then the market price will rise.

it will be like yesterday where BTC was at its maximum and there was less interest from buyers, so the price fell to $ 35k.

[adaseb]

I think the peak will be around the peak of the stock market. The stock market should peak when Covid is behind us. Which seems like in the next 2-3 months or so. No more stimulus and everything returning to normal. The issue is that Biden wants more and more trillion dollar stimulus even after covid is said and done.

So this rally could continue for years however at a much slower pace and BTC could also follow. However if the volatility of BTC is low most people will probably sell it and leave. Too many impatient people out there in stocks and crypto these days. GME is mooning again but I am pretty sure many already sold earlier because it looked like it was going nowhere and now it might break the ATH again and go to like $1000 or $2000 and bankrupt more Hedge funds.

[pilosopotasyo]

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?

I hope it's not it's too early to tell, yes the market is struggling right now but we are just in the fifth month of this year, we are in a struggling period but things will be better when we hit the third quarter I still support the belief that Bitcoin will reach $100k this year, I hope for a long bull trend, we've had a long bear we should have a long bull too.

[Lorence.xD]

For now, this is considered the peak since we don't know how high will it go. Remember that back in 2018, they also thought the same thing but 3 years later, we haven't touched that prices for about 5 months now.