Bitcoin August 2021 Target?

[rahmatrf331]

Price have appreciated lately actually but it is still early to say that $50,000 is calling this month. The price is not automatic to reach that level just this month except there are more news that can give more strength to bitcoin through demand because it is what lead price to go up. If Amazon didn't change there mind , it could have been an easy ride up.

very sensitive to news.  hope to Grayscale, Amazon, paypal , Tesla always support positive news on Bitcoin.  if necessary there are names of big companies that join in crypto.  and hope to China and CNBC not to do FUD . once they do FUD then the health of the market is threatened.   if positive sentiment is always emphasized that way 50K$ feels easy.

a lot by a news. Positive news has started to spread on social media compared to negative news. so don't be too sensitive when reading one negative news read some positive news that you can be optimistic about investing. now a lot of institutional investment is going into bitcoin and they are adopting a lot, it's just a matter of time when bitcoin will pump back.

[ancafe]

Well, we're back in the $40k range, but for the initial target, getting past $45k is pretty good this year. it's just that, even though it feels so close, I feel that the $50k price tag is still pretty hard to hit. however, for this year, I also expect a high price from bitcoin. it can trigger a new ATH at the end of the year.

[Yaunfitda]

Of course, we need to have a whole number target this August and it's obvious to be $50k.

Now as we get to the next hump of $40k, sooner or later we might see another break out run, regardless if the so called London fork has a domino effect to the whole crypto, or there could be good news this month that will push the price to $50k. So I will be optimistic that it can be achieved this month. We are entering the last quarter, which historically has been very good to us and we could see new all time high before the end of the year.

[arwin100]

Which is clear in my opinion.. it is possible that this month it will touch $50k, it seems to indicate a more significant movement towards higher, even on some trading sites.. the sign of buying is still strong on the chart. So just let's keep holding on

Its hard to think that we will touch at that numbers in this month since so far the one we can see is the price stability of bitcoin or maybe we can say that its playing at $38k - $40k price level. Maybe we can see that figures on next following months since we can see that the positive sides are now getting back with bitcoin and it also show good dominance for the past couple of days so maybe the figures we talk about here will happen soon.

[Jating]

Which is clear in my opinion.. it is possible that this month it will touch $50k, it seems to indicate a more significant movement towards higher, even on some trading sites.. the sign of buying is still strong on the chart. So just let's keep holding on

Its hard to think that we will touch at that numbers in this month since so far the one we can see is the price stability of bitcoin or maybe we can say that its playing at $38k - $40k price level. Maybe we can see that figures on next following months since we can see that the positive sides are now getting back with bitcoin and it also show good dominance for the past couple of days so maybe the figures we talk about here will happen soon.

It's been hovering for months now around $38k-$39k, but we did see some semblance of a rally when it touches $42k last week. And now that we are in the $40k'ish again, we do hope that it can sustain this run, otherwise, we might see a dip below again.

For $50k to be achieved this month, there has to be some kind of positive news so that we will see a FOMO run. We all know that when it's FOMO time, it can easily jump $1k-$3k in matter of hours pushing the price again.

[zanezane]

I think being stable at the current price of 39k and 40k is what we should hope for this month because a stability at this point is going to help bolster the rise of prices in the future plus with this kind of stability we get to see that the prices will only go up and if it ever goes down, we will only see it just a little bit.

[jakdanyel]

When it comes to my prediction about Bitcoin price, I agree with you on that we will see at least $50k in this month sooner or later. Because the market is having one of its great times again. I think that this may not be a bull run but it may be a nice rally. And I'm hoping to see this rally until the end of the month at least.

[Slow death]

I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

I think it's very exaggerated to see the price of $60,000 still this month, for that we would have to have a lot of good news, and it's true that in recent weeks the price of bitcoin has been rising a lot and there are times when it can go up to $1000 in just a few minutes, but we have to count that at some point we will see correction and the market will be sideways for some time, that's why I don't believe in this theory of 60,000$ this month, maybe by December we will see the price reaching $60,000 sounds more realistic

[nurilham]

I think if BTC is not targeted again by Whales then the price will cross $50k within this month.

Do you mean BTC price manipulated by whales now?
To be honest, I don't know if BTC price is manipulated by whales now or not. But I think it is normal if Bitcoin dropped to $30k previously. About the possibility of Bitcoin price this month, I think we already saw good signs since very early August. If we learn how the Bitcoin price increased currently, surely it is very possible to pass $50k this month. Especially if we have good news about Bitcoin adoption again, it will boost Bitcoin price for sure.

[adaseb]

I think the target will be anywhere from $46.5-$50K. Reason why is because it'll be in between the fibs from the ATH to local low, the 0.50-0.618 are good indicators in past bear markets.

Another reason is that there are tons of people bag holding in the $55K region. I think it will be difficult to push from there. So many will want breakeven and there will be lots of sell pressure. And I think that many people when they see $50-$55k they automatically assume new ATH and might be a bull trap.

I've been wrong before but this is just my guess. I would like ATH and all however I think the perfect time to sell will be when people start posting photos of lazer eyes again like in the past.

[erep]

Do you mean BTC price manipulated by whales now?
To be honest, I don't know if BTC price is manipulated by whales now or not. But I think it is normal if Bitcoin dropped to $30k previously. About the possibility of Bitcoin price this month, I think we already saw good signs since very early August. If we learn how the Bitcoin price increased currently, surely it is very possible to pass $50k this month. Especially if we have good news about Bitcoin adoption again, it will boost Bitcoin price for sure.

The market movement has experienced a natural increase since this week because I did not get information if the market increase was increased by influential people's tweets, this cannot be indicated as manipulative but must ensure that it moves actively without whale transactions for manipulating the market.

[yhiaali3]

Yes, this is clear, August is a bullish month for Bitcoin and the market in general, there are many strong indicators that give a clear indication of a strong rise in the market in August, Bitcoin may exceed 50k$ this month and continue its way towards a new ATH before the end of the year, personally I expect that Bitcoin will cross 100K$ before the end of 2021, after Bitcoin has been able to create a strong downside resistance during all that time and with continued good news such as big companies entering the world of Bitcoin we are sure to see new highs.

[LogitechMouse]

As we have already seen the market fluctuation and the price dumped of BTC from $60k to $30k but in the last few days BTC is pumped again and the price crosses $40k. I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

What you said might happen or it might not.
Your prediction might happen or it might not.
If only somebody knows what will happen with 100% accuracy then he might be rich now.

My opinion for me is that, if it stays above the 21 Weekly Moving Average for at least 2 weeks then we might say that the bulls are in control right now and we might see BTC testing the $50,000 and possible $60,000 again . Lets just wait for it I think but my target for this year is at least $35,000-$40,000.

[Obito]

I am simple man, I want bitcoin to reach 60k or get back to it's previous all time high and then make a stable movement there for about a month or two and then move up again. Given how we aren't yet on the first week of the month, I feel like bitcoin will be able to do what I am speculating but a cautionary measures should be taken, we don't know if the prices will continue to go up.

[cryptomaniac_xxx]

I think the target will be anywhere from $46.5-$50K. Reason why is because it'll be in between the fibs from the ATH to local low, the 0.50-0.618 are good indicators in past bear markets.

Yes, I also speculate that we can reach that price within August.

Another reason is that there are tons of people bag holding in the $55K region. I think it will be difficult to push from there. So many will want breakeven and there will be lots of sell pressure. And I think that many people when they see $50-$55k they automatically assume new ATH and might be a bull trap.

We still have a full quarter to push the price from $55k and beyond. So this month is very important to us, if we can sustain the run to $50k, then definitely the last four months will be an interesting month to us. But I will be on the side that we might see a new all time high right before the end of this year.

[RealMalatesta]

I am simple man, I want bitcoin to reach 60k or get back to it's previous all time high and then make a stable movement there for about a month or two and then move up again.

But, bitcoin is known for doing everything within very short period of time. You cannot expect bitcoin to be staying around its ATH zones for months when bulls are in action. Probably it may have a new ATH and then might have a small correction and from that point it may trade in sideways as traders may not have clear direction.

Personally I am expecting bitcoin to get into a new ATH incoming weeks or at least by the times of first week of September given that we are not going to have no actions from bears in the remaining days of August.

[inanilujimi]

Greetings Bitcoin Talk Users,

As we have already seen the market fluctuation and the price dumped of BTC from $60k to $30k but in the last few days BTC is pumped again and the price crosses $40k. I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

I agree with you, 50k can be achieved with a lot of positive news that appeared in August, especially now bitcoin continues to increase in price and now when this post is made it has reached $43k.
Moreover, the current increase is followed by the top altcoins that are also increasing which seems to say there are indications we see another bullish market until the end of the year.

[Roidz]

Greetings Bitcoin Talk Users,

As we have already seen the market fluctuation and the price dumped of BTC from $60k to $30k but in the last few days BTC is pumped again and the price crosses $40k. I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

In recent days the price of bitcoin has increased quite rapidly from prices below $40K now bitcoin has a price of $43K and it looks like the price will continue to rise in the next few days, especially now that institutional interests are driving the attractiveness of bitcoin investment which has continued to occur over the last year and this is very contributed to the rally that occurred in bitcoin during this year, although ethereum and bitcoin have different ecosystems but it seems the hard fork that occurred in ethereum recently also greatly influenced the increase in bitcoin prices and hopefully the market will improve in the future.

My prediction is that bitcoin will break the $50K price by the end of August.

[buwaytress]

I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

So you're saying only retail momentum can drive markets back up to ATH? I think if people believe in whale and institutional influence, then they're as needed for a rally as for a crash. If anything, for the short term anyway, retail muscle only moves in on the back of big money flexing.

[Baofeng]

All other alts have been posting huge gain as well, so it has a domino effect on the whole crypto market. But I will say that $45k will be the next target to break this August. $50k will be a stretch, it will be a hard grind, I would say. So let's see how long can this rally goes up again, the last time it was $42k, so I'm expecting at least $43k-$45k this month.

It looks like it will be more than that. I hope that 50k in August can reach a good value even if you notice the rally has started to move tonight and BTC is already $40,904 will this be a continuation in the future?

It won't be difficult in august there will be good news that bitcoin has had quite a pump and this will certainly be influenced by the ETH hardfork itself, so for me it could hit the 50k level even before the end of this month.

We did reach $45k, but it seems it didn't hold even for 4 hours as the price goes down to $43k again.

In any case, let's see if we can go to $45k and sustain, again I will be surprised to see the price reach $50k this month. But I might be wrong though, of course I wanted to see the price going strong and reaching $50k, but I'm afraid that after the FOMO we might go down hard again. So it's better a slow process this month and then we enter the last quarter with a huge rally going to the end of the year.