Will BTC Go for Another All Time High This Year?

[tokeweed]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

[jackg]

I'm suspecting:
1. We're in around September time of the last bull run where we went down to about half the ath before going back up.
2. We're just in a bit of a cool off, crypto is being attacked by everyone who want it gone and so far, it's holding quite above the ath of the last bull run.

I mentioned there's a chance we go down from here, I could see 15k being a bottom wick that gets met once for a few seconds and never again. The market does moves in sets of at most 3 so once it did go to 15, it'd shoot up and breakout. I don't see the $70-100k region hard to reach at all by now - I'm generally happy with the idea that once somethings cone somewhere, it'll eventually do it again anyway because below that price it'll attract investors aiming for the returns it gives when it gets back that.

[Gozie51]

I don't see the $70-100k region hard to reach at all by now -

This area is difficult to reach this year with this kind of did around bitcoin. There are no strong indicator yet to get investors into buying and this is a factor to consider as we look towards breaking the current record high. Many have also predicted further down and I don't doubt that as the price keeps going down.

[OgNasty]

If Bitcoin doesn’t hit $115K by year end it will signal a breakdown on one of the most accurate prediction models. That departure alone might be enough to spook the market into a self fulfilling downward cycle of cascading liquidations. I don’t think it would be the end of Bitcoin, just the end of dreams of hitting over a million per BTC in 2025.

[aioc]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

The majority of us here are very optimistic that it will still go for another all-time high, I'm hoping for a piece of breakthrough news just like what we've had before the start of the year, the FUDS are not coming anymore and Elon seems to be changing his tone and he is now supporting Bitcoin, we'll see how it goes before the end of this year.

[Oilacris]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

One of the things that makes it hard to make out some predictions if you do really based up or tend to listen out other peoples sentiments.

It isnt bad to hear out others comments and recommendations but it would just stir up on what you do personally believe.

Asking out if its really that we would see another ATH in bitcoin for this year then it would all vary on the events that would happen ahead.

We cant precisely predict on whats ahead even it looks out to be bearish but there are instances that something good news that do pop out.

[Baofeng]

If Bitcoin doesn’t hit $115K by year end it will signal a breakdown on one of the most accurate prediction models. That departure alone might be enough to spook the market into a self fulfilling downward cycle of cascading liquidations. I don’t think it would be the end of Bitcoin, just the end of dreams of hitting over a million per BTC in 2025.

Yeah, the S2F model is one of the most accurate so far and eventhough we are in a bearish cycle right now, it still points to a 6 digit at the end of the year. If this didn't happen or at least the model failed, it will have a negative effect on the sentiments and we could see a downward spiral just like 2018.

So long term, I'm still holding to that prediction that $100k could be achieved, might take some time. The last quarter of this year will be critical, so let's see how everything pan out.

[Hippocrypto]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

If we're talking about sentiment here mate, of course a lot of people who've been taking part of cryptocurrency whether bounty hunter or a trader felt the agony after 50% crash happened. The expectations along with predictions was a potential second ATH, because we only experience first bounce so there's a bigger chance that second highest price would really going to break another record.

[sheenshane]

The most anticipated that Bitcoin will hit $100 this year-end, who knows, in just a matter of a month we will have another all-time high on Bitcoiin price.

There are too many speculations out there, there's a bullish one and sometimes there's a negative open which is the bear one.  In Bloomberg's prediction seems like the report says the Bitcoin price will hit over $100 a year but still we don't know how accurate it is.

IMO, Bitcoin will not possibly create a new ATH this year-end but we will possibly reach the previous ATH.  Sounds like we will reach back the $50k range price after struggling with this $30k range price for how many months.

[STT]

Its still quite possible to reach this high and more but to do so requires usually a combination of factors and the easiest way to frame that argument is momentum or inertia must build.    To push past highs will take more time then the rest of this year imo and I'd not estimate it currently as we havent seriously yet started to do so.   
  Right now we are in house keeping mode, clearing out the trash left from the last street party where everyone walked in expecting to double their money and finding out its a bit more complicated then that.   Clearing out prior volume and trades will happen but its usually related to time, those too over reactive will say never which is too short sighted.    I'll be more bullish when it starts but for now we consolidate at these higher prices, establish a range a good bottom and work back up from there.
   Its for the better in market stability that a good base is formed not that we just explode higher suddenly one day; reason being the best market is inclusive of all in a varied cross section not just a few.

[cabron]

The chart didn't yet reach yet to the bottom which the bullish traders are only the ones who keep accumulating but the swing traders are not. Swing traders are still waiting for it to bottom. Looking at the price in the weekly chart it hasn't breakout the support line which is what they are waiting for.

There is a chance for the price to go up if the ones who are trying to accumulate are going to give a chance for the price to flourish again which I wouldn't expect.

[bbc.reporter]

I chose no idea. But it might also not officially be a bear market similar to what some people appear to think. The RSI is showing that there presently is a bullish divergence and the dumps are clearly also weakening.



However, a new all time high might also be uncertain because there might be more regulatory crackdowns. It is speculated that the next targets of the government are tether and Binance’s BNB token.

Source https://digesttime.com/2021/06/21/according-to-attorney-sec-will-sue-tether-and-binance-coin/

[adaseb]

It is possible. Who knows, I am leaning towards 50/50 of it happening. This is the play we actually had back in 2013. Most don't remember but we peaked in April, just like this year, and then went from like $250 to like $80 or so, people assumed crypto was dead. People were dumping cheap GPUs on Craiglist, and it bottomed in July, didn't do much really until Oct-Nov where it peaked at $1100.

Since we topped $64K we didn't really have any failed highs at like $55k's or so. So I think we are just in a pullback. However the lower this pullback goes the lower the chances of breaking ATH this year. If we don't break $30K then there is a very good chance we hit new ATH. However if we break $30K and head to like $20K, its going to get ugly. Tons of bad press and everybody will eventually want out.

[BITCOIN4X]

China has spread FUD with trading ban and mining ban that will cause people to hesitate to enter and buy more. I have no other ideas than to be optimistic and hope to see a new ATH by the end of the year. So far the $30K is a strong support level that has been broken several time although it was only a short while before the price recovered. But maybe the support will not last longer if the resistance level cant be broken with several tries. Meanwhile today we also experienced another correction which reached -7+%.

Tons of bad press and everybody will eventually want out.

They will obviously hinder the rate of price growth so ATH will be difficult.

[pooya87]

There are only two possible scenarios in my opinion which I've been saying from way before price even broke previous ATH at $20k.
1. We continue the same increasingly bigger bubble 4-year cycle and by the end of this year price reaches $400k+
Considering that the past 3 years starting from the bubble burst in first quarter of 2018 (that means entire 2018, 2019 and 2020) were pretty much the same as the previous cycle (that means 2014, 2015 and 2016) and the start of 2021 is also similar to start of 2017 with breaking previous ATH ($1200 versus $20000) with high difficulty, multiple big drops and a lot of drama at the middle of the year despite price being a lot higher than previous ATH (that is $3k of 2017 versus $30k of 2021). I would say that we are on track so far and I don't still see any reason why this trend should be broken.

2. We finally break the 4-year cycle and put an end to it. Which means from now on we can no longer predict how the market goes, there will no longer be a year long bear market when the big bubble bursts. There won't be long accumulations at a very low price. There could be short big rises and short small corrections from now on.
In this case it is hard to predict things until the new trends start shaping up. But it is quite possible to end the year with a new but much lower ATH, maybe at $100k this time.

By the way here is a comparison of the two "cycles" and this time the cycle is happening a couple of months earlier but you can clearly see that the pattern has been the same:

[ancafe]

well, maybe i was just expecting it, but i would like to see bitcoin price hit $100k this year. although I also think that the current situation, the price of bitcoin is more likely to go down than up because of the FUD from the Elon Musk issue, and China. however, I also feel that the bitcoin price will be as low as $25k, while the high may be in the $50k range. however, I'm still hoping to see a new ATH for this year.

[coin-investor]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

It's really mixed before my vote it was even, people are divided if we are still in the bull or bear market, it's hard to see a good sign if we are still going to pass the $65k mark, but as long as we are still months before the end of the year, anything can happen, Bitcoin can go up by 20% who knows it can reach that again before the end of the year.

[rhomelmabini]

We might see a long sideways these days but it's safe to assume that we are on the unknown territory and it may take more months than expected. What pooya87 showed is likely to be realized but it's also safe to assume it may take longer than expected.

[hatshepsut93]

The narrative behind this bull run was that US dollar is experiencing rapid inflation, so the companies will convert their reserves into BTC. But the Fed decided to take measures against inflation, enviromental FUD became quite strong, there are concerns about regulations by western countries, and price decline and volatility have also scared away potential investors, including institutions. There needs to be a large shift in sentiment on this market, but I don't see this happening in this year or maybe even the next year. El Salvador adoption is not enough to create FOMO.

[worle1bm]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

Breaking it's ATH barrier of $64k seems quite high at the current market conditions with not much support to the market at this timea and prices tumbling between $30-$34k and we might see another fall in some days if all the China panic and altcoins session is over.But with the bull anything is achievable and we can't exactly predict the future but to be reasonable and justified price mark let's assume $50k within next few months and barricade can be crossed to $65k also if it happens.The pattern suggest rise near Sept-Oct so we might need to wait for that time.