Will BTC Go for Another All Time High This Year?

[bbc.reporter]

Ark Invest bought more shares of Coinbase. This is another signal that could argue for bitcoin that it might make another all time high again this year. We might witness this on December before another bubble burst, very much similar to what we have witnessed on 2013 and 2017 hehe.

ARKK   Buy   COIN   COINBASE GLOBAL INC   76,562

Source https://247wallst.com/investing/2021/07/21/cathie-woods-ark-invest-buys-for-7-21/

Very Similar means twill make another Bubble? like what happen in 2017? but we already Had more than enough Pump this year alone not to mentioned that Early growth last november - december 2020?
but it is good to see that there are another more investing entering the crypto world while others are bringing FUD.

I don't see this happening this year. China's FUD is still spreading and shows no sign of cooling down. Recently, El Salvador recognized Bitcoin as legal tender. This sounds great news but still not enough to get the market green again.
I guess there will be no chance for BTC to hit all-time highs this year but I hope my prediction is wrong.

China's FUD are already died mate , Have you seen some Bad News from them aside from the last  Banning?

Ark Invest certainly does not think that we already have enough pump this year hehe. Cathie Wood has invested more money on bitcoin than anyone in the forum directly and indirectly and there will not be a pump? I shake my head. There will certainly be another pump.

[Sayeds56]

From the poll results it looks like users are more positive about the market. Particularly users are much with a bullish mindset than bearish mind. Maybe this can have some positive impact over the market. Apart from this manipulation from the whales could create a bullish trend.

Myself always used to have a prepared plan to face the worst market situation. Maybe that's a negative impression over the market. This time too myself have the same opinion and prepared for the worst.

the worst situation must continue to be prepared. however, we need to think positively about this. well, the end of the year is still quite long, so thinking about a new ATH is still possible for now. although it looks quite difficult. However, one thing that is interesting in the world of cryptocurrencies is, we cannot predict what will happen.

The worst situation is about to over now and Bitcoin has shown good performance with the start of new week and has already registered  24% gain so far. Once Bitcoin Bullish reversal is confirmed then gradually we will witness price appreciation and ultimately breaking its previous ATH of $ 65,000. According to most experts of crypto industry it will most likely happen by the end of 2021. DYOR

[zanezane]

We must be optimistic about the future of bitcoin, hopefully this boring bull market will end soon and of course our hope this year can reach at least $100k, I'm sure if the price of $100k can be reached then 2 years from now the price of btc can reach $500k

Even if we are optimistic, we have to be practical and realistic, 100k seems an alright ATH possibility for this year because bitcoin can increase in a buzzer beater fashion, just look at 2020, the pump happened about a halfway through December even though the price all throughout the year was stagnant.

[tokeweed]

I'm in the majority by thinking that Bitcoin price will reach another ATH level before the end of this year. And I think maybe it can even reach at least $100k. I strongly believe that we will leave the bull market behind after the summer in the worst case.

We must be optimistic about the future of bitcoin, hopefully this boring bull market will end soon and of course our hope this year can reach at least $100k, I'm sure if the price of $100k can be reached then 2 years from now the price of btc can reach $500k

^  The tech sure but the market..?  We can’t always be.  

I like what I’m seeing right now btw...  I’m hopeful but BTC isn’t out of the woods yet.



^  BTC has to break out from that, around 41.3k to get the party starting again.  But even then I don’t think it’s comfy enough until we really see BTC break ath.

Edit:  Typo.  I mean 41.k not 40.3k.

[LUCKMCFLY]

BTC's Bullish Road has opened to many things, many events, and above all the fact that very good statements have appeared in Btc, even Elon Musk has done his part after having done both FUD, this time he wants to recover trust:

This particular event might help Bitcoin cross $40,000

According to the above chart, whenever the volume of supply held by LTHs has reached a significant level of profitability, a bullish squeeze has been observed. Few of the bullish squeeze that started bull markets by LTHs holding 65% (2x 2013), 75% (2017), and 80% (2020) of the circulating supply can be seen in the chart.

With the current rate of maturation, LTH might hold over 80% in profit over the next few weeks, which will prime the market for another bullish squeeze.

Source:https://ambcrypto.com/this-particular-event-might-help-bitcoin-cross-40000/

We could expect the price to continue going, it would be ideal, anyway you have to have precuasiopn in the negotiations, anything or event can happen.

[thecodebear]

I don't think we'll hit another ATH this year, but I think Bitcoin will be on its way by end of year and start hitting new ATHs during the winter. This is based on thinking Bitcoin will break out of this $30,000s bottom of the market in September. If it in fact breaks out in the next few days, considering it is taking another shot at it right now at $40k, then yes I do think 5 months will be enough time to move from $40k to $65k+.

No matter what happens in the short term, 2022 will be a year of lots of new ATHs as the long term super cycle continues after this first mini-bear market concludes.

[Twinkledoe]

I don't think we'll hit another ATH this year, but I think Bitcoin will be on its way by end of year and start hitting new ATHs during the winter. This is based on thinking Bitcoin will break out of this $30,000s bottom of the market in September. If it in fact breaks out in the next few days, considering it is taking another shot at it right now at $40k, then yes I do think 5 months will be enough time to move from $40k to $65k+.

No matter what happens in the short term, 2022 will be a year of lots of new ATHs as the long term super cycle continues after this first mini-bear market concludes.

In this market, sometimes it is hard to speculate what may happen, even if we still have 5 remaining months this year. One good news, and the market is pumping but when sudden bad news comes, the crash also comes rushing. ATH or not, just be prepare for whatever the market will give to us. You should have contingencies what to do with your portfolio, and don't rely the fud that you are reading, you should have your own plans as it is your funds.

[Shasha80]

I don't think we'll hit another ATH this year, but I think Bitcoin will be on its way by end of year and start hitting new ATHs during the winter. This is based on thinking Bitcoin will break out of this $30,000s bottom of the market in September. If it in fact breaks out in the next few days, considering it is taking another shot at it right now at $40k, then yes I do think 5 months will be enough time to move from $40k to $65k+.

No matter what happens in the short term, 2022 will be a year of lots of new ATHs as the long term super cycle continues after this first mini-bear market concludes.

In this market, sometimes it is hard to speculate what may happen, even if we still have 5 remaining months this year. One good news, and the market is pumping but when sudden bad news comes, the crash also comes rushing. ATH or not, just be prepare for whatever the market will give to us. You should have contingencies what to do with your portfolio, and don't rely the fud that you are reading, you should have your own plans as it is your funds.

This is what makes investing in Bitcoin attractive, because no one can be sure what will happen in the remaining 5 months. For me it's possible that
Bitcoin will hit another ATH this year, like you said if some good news comes out, very likely the price of Bitcoin shot up. Likewise, if there is bad news
that appears, the price of Bitcoin could fall below the $20k price. Whatever is still possible, therefore we must prepare the best possible planning.
So we won't panic about what happens with Bitcoin in the next few months.

[tokeweed]

There it is guys.  A small sell down at a crucial point at exactly where or a tad under where the resistance is.  Failing to break above that within a couple of days could mean BTC is going back down.  I’m pretty sure you guys already know it.  But here’s the thing...  It’s going to be a weekend.  Exchanges are usually low volume and traders trade less during weekends.  -_-

Bad timing or maybe it’s those same traders who dumped today who don’t trade during weekends.  

[gleisson05]

It's still a long way back to 60k, and Bitcoin hasn't even consolidated at about $40k.

It's just illusion that there is much time left in 2021, several months is nothing in terms of crypto market. I think if Bitcoin can make it back to $60k by the end of the year, it would be the biggest achievement.

[molsewid]

I also voted yes bitcoin always recover from any of it major correction or dumping exactly in the wake of Covid-19 first wave in 2020 the dumping of bitcoin price was massive then however price recovered and gain momentum till it broke last ATH to reach $65K, it price couldn't break the support at $29K to $30K after several attempts is a good indication of price reaching $65K before the end of the year coincidentally the price had rallied above $32K  possibly heading to $34K the next resistance thus 'slow and steady wins a race' it obvious the price will reach the target

Count my vote for a yes to another all time high of bitcoin this year, I am very much positive about this because we are still 5 months left before the year ends so there are still room for bitcoin for a great comeback after a long run resistance of btc price between 30k-35k. I can say that bitcoin is too far different from the bitcoin that I've known the first time I landed in crypto platform. It is now more known and people are getting more interested about it as time passes by so nothing is impossible for the new record breaking ATH of BTC.

[777Jolami]

I like what I’m seeing right now btw...  I’m hopeful but BTC isn’t out of the woods yet.

ya, We have repeated in frame 29k - 41k many times but can't break it. It's great that we were able to get out of that dip, some people didn't believe in bitcoin optimism, got Rekt and no more Dips to buy. This move makes us face many new psychological thresholds but I believe, the market passed 41k - that is the recovery. hopefully we get to a new top at 80k - 100k.

[btc78]

I'm not sure if this is still possible in our situation now and even the Wall Observer thread has divided belief in this matter , I'm afraid that we are having another hype more than 64k this year.

I like what I’m seeing right now btw...  I’m hopeful but BTC isn’t out of the woods yet.

ya, We have repeated in frame 29k - 41k many times but can't break it. It's great that we were able to get out of that dip, some people didn't believe in bitcoin optimism, got Rekt and no more Dips to buy. This move makes us face many new psychological thresholds but I believe, the market passed 41k - that is the recovery. hopefully we get to a new top at 80k - 100k.

wrong mate, it breaks the 41k today actually bitcoin almost hit 43k this day alone .

[DU18]

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.

for this year I think $65K will be the highest price for bitcoin and most likely under current conditions the price will not be broken this year in my opinion, but it does not rule out that the price of bitcoin will be able to reach its latest record price in the next few years considering if 4 once a year bitcoin is in a halving day moment and of course that moment will greatly affect the increase in bitcoin prices because the bitcoin supply will decrease by about 210 thousand blocks every time a halving day occurs.

[tokeweed]

So BTC was looking strong last week until it failed to break out 41.3k USD a couple of days ago.  I really thought it was going to rip through 45k the day after that.  But no...  It was a fake out.  I hope it recovers all the lost ground and breaks 41.3k this week, cos if it doesn’t, it could start going down to 30k again.  Meh.

[jakdanyel]

I see that most of the users joined the topic are thinking the same way with me. I also think that Bitcoin price will reach a new all-time-high in this year. And it won't make do with only $65k. I think that we will see at least $80k. And I hope to see $100k. I would also make a great deal of profit if it happens.

[Sanugarid]

Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

[Oilacris]

Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

Cant really blame out people on why they do have always the impression that Bitcoin could go high on last quarter of year.Big chances or Bullish runs do  really happen on these months and based  up on experience then

people would surely mind  off that it could possibly happen on this year once again but we should consider that its just having a chance not a guaranteed one.All time high type of questions are common but honestly

no one could ever predict on what would happen in the future.It would always be varying on the demand and recognition.

[dezoel]

Yes it can still go, there's 4 months left for us to find out and for bitcoin to do it's job. Remember that most ATH in the market throughout history didn't happen between months, it only took days or even hours for it to reach new ATH so yeah, as long as there are days left in the year, bitcoin can still go for another ATH.

Cant really blame out people on why they do have always the impression that Bitcoin could go high on last quarter of year.Big chances or Bullish runs do  really happen on these months and based  up on experience then

people would surely mind  off that it could possibly happen on this year once again but we should consider that its just having a chance not a guaranteed one.All time high type of questions are common but honestly

no one could ever predict on what would happen in the future.It would always be varying on the demand and recognition.

That's because bitcoin did that many times before. Every time that we had a huge increase it usually happened during the last quarter of the year, so it caused people to believe that same would happen over and over again.

Nobody realizes that in 2018 we had 6.5k+ in price but then craig wright sold a bunch of (thousands) bitcoins and price crashed to nearly 3k levels, all that "20k to 3k" drop wasn't that quick, it dropped from 20k to 7k levels, and then craig sold and made it 3k, which is not that far away from our 60k to 30k drop, it was 64k to 28k at peak and bottom, which is close to 20k and 7k that happened back in the day, but there was no craig that sold this time so it didn't crash harder. So people see these resemblances and they believe that the same thing will happen again, which is why I honestly think that we will see the same thing.

[STT]

for this year I think $65K will be the highest price for bitcoin and most likely under current conditions the price will not be broken this year in my opinion

I think similar but the wider picture and pressure on price will come from inflows vs supply and to really get a higher price also likely needs momentum to develop.   We do have some of that, in a slow and steady way the 50 and 200 averages are both higher each day because price is accumulating and so that helps.    Perhaps the 50 day needs to be placed above the 200 day for full speed ahead, I think its below presently; I'm not too fussy on this but its not a bad point that speed requires some time to select the right gear to proceed forward and upwards with inertia on our side.
   'Only' 4 months left, 2022 is a better bet tbh