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

[Marvelman]

A break above $40,000 finally ends the long downtrend. It's a lot of resistance to overcome. Let's see if BTC is able to hold above it.
While we may see another corrective drop for BTC, the worst that will happen is that it'll be stuck in the 32,000 – 35,000 range for a while. The trend and technicals are clearly moving up, a move above $50,000 is not improbable.

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[Vaskiy]

The market isn't bullish out of the demand to supply or due to the increase in the usage. Over the last year the users of cryptocurrencies have increased massive. This has made large scale adoption and acceptance. We need to know the market is widening, but the changes taking place in the market is not of anything connective to the technology. Few have acquired a big volume and dragging according to their requirement. So, if those persons wish we can see bitcoin price above $65k

[arwin100]

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.

Yeah time will determine all but we should look for the possible scenarios like what news will come up to see what will happen next if we want to earn some money from it, if we don't want to invest at this time well only watching how the trend goes is at least we can do but if we want to be profitable on our times well seeing the potential result will be the ideal thing to do but so far for now its quite good to see how market goes and lucky to bag up some btc at the lowest price gotten last couple of days.

[barota]

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?

prices already fall from 50000 usd per btc to 30000 usd per btc and everything can happend with this votality of the maket
it is hard to predict prices of bitcoin , i remember when prices was 7000 usd in 2019 and lot of traders say that is the bottom and the chance never come back but we have seeing the opposit , and prices fall under 4000 usd two time
i think the good time for buying bitcoin is when halving approaching this recent bull run is not like other bull run , because prices bitcoin did not rise much from 10000 to 50000 per btc about 5 multiple compared to halving that happed 2017 prices rose more than 20 time

[Saisher]

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'm optimistic it's not we are still half of the year there's still hope that something huge is going to happen for the price to break the $100k barrier, we have seen in the past how Bitcoin surge to 15% or even more, Bitcoin this year is breaking a lot of its own record and reaching great milestones, let's not doubt now anything and everything is still possible.

[decodx]

i think the good time for buying bitcoin is when halving approaching this recent bull run is not like other bull run , because prices bitcoin did not rise much from 10000 to 50000 per btc about 5 multiple compared to halving that happed 2017 prices rose more than 20 time

Is it not impressive that an asset can increase in value five times in less than a year? Can you give a different example of such a yield?

It's not fair to compare Bitcoin today with when it was significantly less known and much cheaper. With the rising price of bitcoin, more fresh capital has to enter the market to maintain the bull trend. Of course, yields will diminish over time.

[romero121]

i think the good time for buying bitcoin is when halving approaching this recent bull run is not like other bull run , because prices bitcoin did not rise much from 10000 to 50000 per btc about 5 multiple compared to halving that happed 2017 prices rose more than 20 time

Is it not impressive that an asset can increase in value five times in less than a year? Can you give a different example of such a yield?

It's not fair to compare Bitcoin today with when it was significantly less known and much cheaper. With the rising price of bitcoin, more fresh capital has to enter the market to maintain the bull trend. Of course, yields will diminish over time.

Yield has been diminishing with time. As of now we can see more and more number of altcoins growing in higher multiples with time. More fresh capital has to get into the market, as for now low level people's are investing little funds into cryptocurrency. The trend reversal happens quite often with bitcoin, but to have a sustained bull trend the whales have to stay calm. Because, this year's bull trend is much on the move from whales.

[Mr.Scott]

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'm optimistic it's not we are still half of the year there's still hope that something huge is going to happen for the price to break the $100k barrier, we have seen in the past how Bitcoin surge to 15% or even more, Bitcoin this year is breaking a lot of its own record and reaching great milestones, let's not doubt now anything and everything is still possible.

It's for the long haul anyway. Situation quite tough right now, everything sideways from all of the FUD last month. I'm still holding. I need those diamond hands, but I'm so far away from seeing profits! Bitcoin needs a bounce otherwise we see more dump. Mind it, weekend is here and whales is not much interest as of now.

[kpierce77]

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'm optimistic it's not we are still half of the year there's still hope that something huge is going to happen for the price to break the $100k barrier, we have seen in the past how Bitcoin surge to 15% or even more, Bitcoin this year is breaking a lot of its own record and reaching great milestones, let's not doubt now anything and everything is still possible.

From some details of events that took place this year from Tesla accepting bitcoins as payment, to Elon selling his bitcoins and also rejecting bitcoins and accepting them again, I think $100k is going lil bit hard for this year, maybe next market cycle? the most realistic number in my opinion is between $75k to $80k

[decodx]

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'm optimistic it's not we are still half of the year there's still hope that something huge is going to happen for the price to break the $100k barrier, we have seen in the past how Bitcoin surge to 15% or even more, Bitcoin this year is breaking a lot of its own record and reaching great milestones, let's not doubt now anything and everything is still possible.

From some details of events that took place this year from Tesla accepting bitcoins as payment, to Elon selling his bitcoins and also rejecting bitcoins and accepting them again, I think $100k is going lil bit hard for this year, maybe next market cycle? the most realistic number in my opinion is between $75k to $80k

What I am hoping for is for at least $60k to be a reasonable goal, or maybe around $90k, we are talking huge returns from today. But the uncertainty is still huge, and who knows if you are ever going to see
that kind of returns again, it could be years, could be days. But like you said, I'm optimistic, too.

I expect Bitcoin will become a better store of value than the dollar. The key is to figure out when to get in and out of bitcoin. As much as I have fun trading my bitcoin, I don't think the market will be there to support such high returns forever.

[sana54210]

From some details of events that took place this year from Tesla accepting bitcoins as payment, to Elon selling his bitcoins and also rejecting bitcoins and accepting them again, I think $100k is going lil bit hard for this year, maybe next market cycle? the most realistic number in my opinion is between $75k to $80k

We do not need those type of things for a rally, we could have a rally without Elon or tesla or any other company to accept. Of course it would be a welcome change to have them back and I would be happy if they did that but it is a "good to have" not "must have" thing in the crypto world. Remember 2017? We didn't have neither Elon nor any other company helping us and we still managed to go up.

It means we need people to buy and in order for people to buy they just need to be convinced that they will make money and that's it, nothing more to it. This is why I believe we are going to see another rally because people will eventually realize they are making a good profit by not selling, price is not going down, it is holding strong and if something is not going down, then the only direction left is going up and people will invest to make that profit for sure.

[STT]

Rather then try to determine the top of the market its more profitable to discern the bottom pricing and how secure we can buy on various time frames.  Its far more likely there is no top, thats my attitude that we have a greater distance upwards then downwards to cover even as a trade thats the better direction to consider.   For the moment we've been capped at near 40k from a few perspectives that was a reasonable area to rest, of course speculators cash out and we pull back but that just makes me consider where we can rest to mirror the recent top

[shield132]

It's pretty known that halving causes the massive rise in bitcoin's price and people know it. There was an enormous similar expectation back in 2016 and everyone saw that bitcoin was capable to rise from $600 to $20 000. That previous experience lead people to believe even more in post halving price rise expectation in 2020, especially when bitcoin handled the pandemic well and didn't fall as it was expected/predicted. So, we got a pretty good rise and bitcoin reached 64K USD (Also, we have to consider that BTC doesn't worth some bucks and a 10x rise isn't possible in a short timeframe).
If we have a look at past, it's obvious that it's not the all-time high and we should expect even greater price. At the same time keep in mind that $100 000 is a symbolic number and people have high hope that bitcoin will reach this price! If we reached 60K, 100K is pretty easy. Will it reach 200K? Who knows, this is crypto!

[ubercool]

It looks like the $65000 is the peak right now, the market looks really bad even when we have a great news like El Salvador considering BTC as legal tender, the market is not showing any signs of recovering. The death cross happened and we might see more bears than bulls..

[sujonali1819]

Nothing wrong. It's normal in crypto. BTC always make a huge pump then do correction, get some new investor rise again more than previous. This time also happen this. Hopefully this will break again in future. But when it will it's very tough to say.

It is just make a 50% from ath. So I think hopefully it could be more dump before making any good move again.

[Inspiron14]

It looks like the $65000 is the peak right now, the market looks really bad even when we have a great news like El Salvador considering BTC as legal tender, the market is not showing any signs of recovering. The death cross happened and we might see more bears than bulls..

many people have said that the death cross EMA 100 and 50, of course this is a bad sign for the price of Bitcoin,
and maybe $65k is a price that will be very difficult to break again in a few years, this event is the same as in 2017-2018,
where Bitcoin price has dumped, and it's hard to get back to ATH price, be careful

[jostorres]

It's pretty known that halving causes the massive rise in bitcoin's price and people know it. There was an enormous similar expectation back in 2016 and everyone saw that bitcoin was capable to rise from $600 to $20 000. That previous experience lead people to believe even more in post halving price rise expectation in 2020, especially when bitcoin handled the pandemic well and didn't fall as it was expected/predicted. So, we got a pretty good rise and bitcoin reached 64K USD (Also, we have to consider that BTC doesn't worth some bucks and a 10x rise isn't possible in a short timeframe).
If we have a look at past, it's obvious that it's not the all-time high and we should expect even greater price. At the same time keep in mind that $100 000 is a symbolic number and people have high hope that bitcoin will reach this price! If we reached 60K, 100K is pretty easy. Will it reach 200K? Who knows, this is crypto!

I do believe that we will reach 200k one day, and also 100k as well, I just think that it is not going to be now. If you check the previous halvings you will see that it goes to an ATH price (like 20k or 64k now) and it starts to drop after a while, we do not see a huge drop and then follow that with a huge increase, it rarely happens, which is why I think the best case scenario here is that we are not going to see too much drop, we will stay above 30k for a while, then somewhere along the line of 2022 or so we will see 50k or so again, and then in about 2023 or 2024 we could potentially see another huge increase, maybe even later than that, in that increase we will definitely beat over 100k for sure.

That is why I think it should be noted that we are not doing something that is unexpected with this drop, we always expected the drop to be fair, we just had too many newbies who didn't know what to do.

[7788bitcoin]

I do believe that we will reach 200k one day, and also 100k as well, I just think that it is not going to be now. If you check the previous halvings you will see that it goes to an ATH price (like 20k or 64k now) and it starts to drop after a while, we do not see a huge drop and then follow that with a huge increase, it rarely happens, which is why I think the best case scenario here is that we are not going to see too much drop, we will stay above 30k for a while, then somewhere along the line of 2022 or so we will see 50k or so again, and then in about 2023 or 2024 we could potentially see another huge increase, maybe even later than that, in that increase we will definitely beat over 100k for sure.

No one will be having a debate about the price reaching $100k but the only question everyone will be having is when we might be seeing those valuations and that is a question no one can give a concrete reply because it is hard to predict when we will see huge rallies to reach those valuation but everyone in the market will be confident that we will reach those 6 figure valuations in the near future.

[Kemarit]

It looks like the $65000 is the peak right now, the market looks really bad even when we have a great news like El Salvador considering BTC as legal tender, the market is not showing any signs of recovering. The death cross happened and we might see more bears than bulls..

many people have said that the death cross EMA 100 and 50, of course this is a bad sign for the price of Bitcoin,
and maybe $65k is a price that will be very difficult to break again in a few years, this event is the same as in 2017-2018,
where Bitcoin price has dumped, and it's hard to get back to ATH price, be careful

Few years? Nah, we are just like 50% of it right now, so we can still get to that price or even surpassed it again at the end of the year. Historically, we have this kind of dump and then we will be trading like sideways for a couple of months.

And then at the last quarter, we will see a big movement. So I would say that we can definitely touch it again. Just give enough time for the market to settle down. And wait some big news that will push it again in the last 4 months of the year.

[ashmodeus]

so far no, we can move more than 65k , the question is how much money has been printed lately , we just saw MSTR has take a seat on bitcoin , and almost accured 100k btc , also el salvador make the bitcoin as a legal tender, but why the price still going deep? , of course its kind of manipulation, just matter of time.