Bitcoin Heading to $70,000

[Tessnik]

Bitcoin is showing strong resistance at the 47k level at the moment after the deep correction well we all saw how Bitcoin moved its presence from 19k to 64k in April this year, haven’t knowledge of how the cryptocurrency market work the fallback is not strange to me and it was expected as a way of bitcoin price corrections.

[1714635243]

1714635243

[lixer]

I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.

Yeah, Q4 definitely is a period when bitcoin goes up, it is wildly known and I believe that the same thing will happen again. Not like bitcoin is something that is shy of skyrocketing neither, a 2x in under a month is not a rare thing for us. So, if next month we are 80k then I wouldn't be really surprised by it because that type of thing has happened in bitcoin before. Even if it is not exactly a 2x, just recently we have seen a bottom of 28k and then peak of 52k recently as well, that is "nearly" a 2x in under a month.

When you realize how easy that was, then you realize that then why wouldn't a 40k+ price suddenly become 80k as well in under a month? Obviously there is a good chance that it would not happen, but there is also a chance that it may happen as well.

[Pamadar]

50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

We can't say or conclude that cause anything may happen with the volatile nature of Bitcoin, we are all speculating with the current trend. Although it seems that the support still strong at $40K and the market is moving positively again.

It's about how you trust your knowledge and how will you follow your instinct when investing.
Nothing is certain, but for all those who believe there's nothing to worry, the value will increase back.
 it's your target sell position that matters the most.

[Shasha80]

~

Everyone who is into crypto knows that the future of crypto is great. Sure it may not look great as of right now but the future is different than what happens currently. Remember we went as high as 20k and then dropped under 10k and stayed there for like nearly 2 years.

So, it is only normal that people are not really used to anything skyrocketing constantly, and the crashes are quite common. Yet even with that in mind, it is always a higher and higher price in the long years. You may have to be patient for a while, it is not always super high, but at the end one day it does go up and then doesn't go back under the previous low.

Remember 2014? The price peaked at 1400 at the time, ATH of the day, then crashed, then went to 20k in 2017 and never went under 1400, always stayed at 3k+ same here, our previous ATH was 20k, now it is around 64k, and it will not drop under 20k ever again.

Why is the popularity of Bitcoin getting higher, even a country like El Salvador is taking a very bold decision to make Bitcoin a legal tender.
That's all because more and more people are realizing that the future of Bitcoin is indeed great, Bitcoin has indeed experienced bad times
as you have described. But Bitcoin this year is different, I see the price of Bitcoin is going up and investors confidence is much stronger
in Bitcoin this year. So I also think this year Bitcoin will not drop below $20k again, after I see the demand for Bitcoin is quite high right now.
Even I dare to predict the price target of $ 70k is very likely to be achieved this year.

[Kemarit]

That fallback was huge but at least the support in $40k is strong, slowly the market is recovering and soon we will be touching $50k again. It's just how the market works, it falls and it pump, that matters here is the timing of your decision to buy and sell as high volatile market always believes this way.

That fall was expecting at least for me. Since that epic fall to $28K, Bitcoin has been on the path to recovery and has done so in the last couple of weeks but I knew we'll have a pullback and a bit of retracement. I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.

$43,000 for me is the last big support, if it didn't hold, then I expect another huge drop below $40,000. So the good thing is that the bulls where able to hold and then recovered to $47,000 right now.

However, we are still not out of the woods, we really need to get to $50,000++ this month so that we are on the way to $70,000 at least for this year. If the market turns to be supper bullish then it's already a plus for all of us to see that 6 digits for the first time.

[bitterguy28]

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

[pooya87]

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

[poldanmig]

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

it looks like the end of this month the bitcoin price will not be too much different from the current price, and even i'm starting to have a little doubt the bitcoin price will increase in price to $100k by the end of this year, but even so, i still believe if the bitcoin price will be able to rise high in the middle of next year, so the right step for me now is to buy and store it for a long time.

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

it seems you are quite optimistic that by the end of this year the bitcoin price will be very high and hopefully what you say can happen and the bitcoin price will be able to reach its highest ATH cycle as you say around $400k.

[kendedese]

50000$ is the major resistance which it surpasses and later not could not find much support and falls back. Till the time it does not break this chain and gets stable above 50k for some time do not think for now it could be an easy task to cross 60k$ as well. Hope it reaches atleast 60k by the year end.

so far $50k has been a barrier for bitcoin to reach much higher ATH. but I think the chance for bitcoin to break $50k and hit a much higher ATH is still pretty wide open this year. I think $60k at the end of the year is too low because now bitcoin is recovering and the price is slowly rising. at the end of the year maybe we can see bitcoin price reach $75k-$80k.

[Kittygalore]

~

trading futures under these circumstances, of course it would be very risky to lose money in the market, I personally prefer spot trading for now and spread my portfolio on several cryptos with different price orders now, I think now the market situation is quite deteriorating and Of course, we have to be patient and calm in making every decision in trading, so it's better for us to take a break and hope the market will get better soon .

No matter what time or situation it is, trading futures will always be risky because that can wipe out all the money that you have, remember the story of the dude who offed himself because he lost everything that he has because of futures, that's how risky and mental this trading is, it can get on your nerves.

[justdimin]

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

It has been a weird couple of weeks in crypto, maybe a bit over a month. First we were at around 28k price, then we went to nearly 52k price at top and then dropped under 45k as well, all within a month I believe. That is not something people can get used to even after years of crypto. I have been here for nearly 8 years and I have to say that it is still quite shocking to me when it is volatile like that. Don't get me wrong going up or down is normal, but going up and then down so quickly, in short period of time with basically huge huge amounts is something I will never get used to.

In the crypto world, volatility is the number one friend or enemy depending on your position, sometimes it becomes the greatest thing ever because you make a profit very quickly and a lot of profit as well, sometimes it becomes a horrible thing and makes you lose a lot of money.

[Furious 7]

you only have 15 days before the month ends but yet there is no clear indication about Bitcoin even meeting 60k this soon so best not to expect too much because you might fail and won't recover from losses in case.
if you are still holding bitcoin then best to keep them but if you are planning to buy more then best to expect keeping it or don't do at all.
But i am one of the people who want to break this 70k and reach 100k this year alone.

Don't worry the target for this year is still pretty high above what you hear around these parts and the ATH of this cycle (in my experience) is still above $400k. The only problem right now is that there is some newbies including whales who are resisting the rise so they have to be crushed first before the upward momentum can build up.

When some newbies come and buy some bitcoins but after the market becomes bearish this becomes a problem because they will sell out of panic and don't know the experience while the whale behind it will continue to be in control because the whale would want to have more bitcoins in times of crash then all of that must be overcome when beginners no longer panic when the market crashes.

Bitcoin this year there is still hope with the existing cycle at least approaching ATH or reaching it is much better because on the basis of this momentum bitcoin will continue to redeem with the target at the end of the year.

[stomachgrowls]

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

The recent price correction does proves out that you shouldnt really Fomo'ed out yourself whenever you to see some significant increase in a short time because that will really create the impression that the price might
be heading upwards on continuous basis which isnt really a precise thing for you to presume out.

Well, its not bad on being optimistic but speculating about breaking ATH and go to 70k price point in a short span of time specially on this September then this is something a bit not believeable.

Take a look on the current price which it corrected on 47K+ price and moving sideways at the moment.This had proved out that everything is questionable.

[Tessnik]

the way bitcoin have retained it stand around 50k is a momentum signal to the next price target and with this September being a viable month for cryptocurrency as bitcoin become a legal tender of a country El Salvador which is the first in history since bitcoin creation over a decade ago.

I predict a $70,000 bitcoin price before the end of this month of September.

The recent price correction does proves out that you shouldnt really Fomo'ed out yourself whenever you to see some significant increase in a short time because that will really create the impression that the price might
be heading upwards on continuous basis which isnt really a precise thing for you to presume out.

Well, its not bad on being optimistic but speculating about breaking ATH and go to 70k price point in a short span of time specially on this September then this is something a bit not believeable.

Take a look on the current price which it corrected on 47K+ price and moving sideways at the moment.This had proved out that everything is questionable.

You are right quick fomos always result in disappointment, but again I believe Bitcoin is still on its way to 70k price judging from its recovery pattern and recent market movement and volume. The crash from 62k to 46k was the biggest this year, and no one expected that at the time it happen.