Next stop $85K for Bitcoin

[Viscore]

Well, the situation is no change and the price of btc is now 60k$ so I think the 85k$ we'll be the next price, According to Jurrien Timmer – Director of Global Macro at Fidelity Investments – bitcoin needs two more years to reach a price of $100,000 so for me I think btc will end to 80k to 90k$ this year.

I don't believe in two years that we'll only end up at $100k. I know it will go beyond that. And seeing the price of bitcoin is now around $60k, so there are high chances that its price will reach $70k-$80k this year.

However, if there are price corrections or negative events that will cause the market to decline, then bitcoin price may only end up at $60k-$65k this year. Im just being practical because that's how we should deal a market's volatility, so as not to end up being devastated.

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[Slow death]

this question of price forecasting is a bit comical, whenever the price increases a lot, analysts appear making optimistic forecasts, but the main point is:

why has the price increased so much this month? in my opinion it was because of a possible ETF approval

so what will happen to the price in case SEC postpones or rejects? the price will drop a lot

[TimeTeller]

this question of price forecasting is a bit comical, whenever the price increases a lot, analysts appear making optimistic forecasts, but the main point is:

why has the price increased so much this month? in my opinion it was because of a possible ETF approval

so what will happen to the price in case SEC postpones or rejects? the price will drop a lot

They already approved the first ever bitcoin ETF and the launching will be this Oct 18 -

https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wider-investor-base/

It was in the news for couple of days already, this is why you've seen the boost of bitcoin's price in the past few days.
So with this approval, we may be seeing a good market trend in the next coming months, in which, $85k may possibly be achieved this year.

[arwin100]

Well, the situation is no change and the price of btc is now 60k$ so I think the 85k$ we'll be the next price, According to Jurrien Timmer – Director of Global Macro at Fidelity Investments – bitcoin needs two more years to reach a price of $100,000 so for me I think btc will end to 80k to 90k$ this year.

I don't believe in two years that we'll only end up at $100k. I know it will go beyond that. And seeing the price of bitcoin is now around $60k, so there are high chances that its price will reach $70k-$80k this year.

However, if there are price corrections or negative events that will cause the market to decline, then bitcoin price may only end up at $60k-$65k this year. Im just being practical because that's how we should deal a market's volatility, so as not to end up being devastated.

That's quite drastic prediction although we don't know yet the actual figures to came in two years time frame, but since the adoption became widen plus we can add the the slowly support shown by US then might provably we can see more from it. But I guess we can see more price up once halving came so maybe we can expect more from bitcoin in future since we already see how bitcoin changes over the years since it  start.

[LUCKMCFLY]

Sure this is a very optimistic point of view, but many indicators apart from the S2F are affirming it, some experts say that it can exceed $ 100k, but you have to wait.

Bitcoin is bound to break the $100,000 speculations. However, the question would always be "when?".
Now, If the latest Bitcoin ETF gets the approval (which has been the main reason/speculations for the latest Bitcoin pump), I guess will be seeing that $85,000 this year.
$100,000 might be too high for this year to reach, but the news about banks adapting to crypto might add a fuel to a burning Bitcoin pump.

You are right, although I have seen from many investors and famous people that they are talking very well about BTC, however many of them say and affirm that $ 100k can occur in this 2021, because December is a very promising month, in fact October came very strongly for the market with a good bullish rally and the price of BTC has a very good recovery.

When reviewing the S2F model, the prediction of the first target at $ 100k does not seem so impossible to reach, even the impact of the ETF has not been seen with great intensity, but it is not that it has been bad, where it was bad we were seeing the price of BTC at $ 30k- $ 40k

[Fredomago]

Sure this is a very optimistic point of view, but many indicators apart from the S2F are affirming it, some experts say that it can exceed $ 100k, but you have to wait.

Bitcoin is bound to break the $100,000 speculations. However, the question would always be "when?".
Now, If the latest Bitcoin ETF gets the approval (which has been the main reason/speculations for the latest Bitcoin pump), I guess will be seeing that $85,000 this year.
$100,000 might be too high for this year to reach, but the news about banks adapting to crypto might add a fuel to a burning Bitcoin pump.

You are right, although I have seen from many investors and famous people that they are talking very well about BTC, however many of them say and affirm that $ 100k can occur in this 2021, because December is a very promising month, in fact October came very strongly for the market with a good bullish rally and the price of BTC has a very good recovery.

When reviewing the S2F model, the prediction of the first target at $ 100k does not seem so impossible to reach, even the impact of the ETF has not been seen with great intensity, but it is not that it has been bad, where it was bad we were seeing the price of BTC at $ 30k- $ 40k

We don't know how whales will play their cards as they are still holding a good amount of coins, if they force to create artificial dumped the chance that we will see selling pressures will be seen inside the market, sometimes great news being followed by this kind of act from bag holders, creating selling position to make the value less.

But afterwards, when they already set all the targets, those people will start to pump and start hyping and it's not impossible to bring the value to reach $100K or more.

Place your money to where your knowledge and capacities are. It will save you in deciding which position you'll take your investment.

[cryptomaniac_xxx]

this question of price forecasting is a bit comical, whenever the price increases a lot, analysts appear making optimistic forecasts, but the main point is:

why has the price increased so much this month? in my opinion it was because of a possible ETF approval

so what will happen to the price in case SEC postpones or rejects? the price will drop a lot

They already approved the first ever bitcoin ETF and the launching will be this Oct 18 -

https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wider-investor-base/

It was in the news for couple of days already, this is why you've seen the boost of bitcoin's price in the past few days.
So with this approval, we may be seeing a good market trend in the next coming months, in which, $85k may possibly be achieved this year.

Yes, and it really push the price to hit another all time high, but after the launch, the price seems to be affected negatively and I'm expecting that the previous all time high will be the support, unfortunately, it really goes down to $60k right now.

Maybe whales are playing their cards in the table, or just ordinary speculators selling at the new all time high price. So let's see if the expectations of $100k in the coming months can happen or not.

[LogitechMouse]

I just watched a video a few hours ago and he said that "The WORST case scenario for Bitcoin's price at the end of the year base on the stock to flow model is $135,000".
This prediction came from PlanB and if you are a twitter guy then you know him as well.

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

[Quidat]

I just watched a video a few hours ago and he said that "The WORST case scenario for Bitcoin's price at the end of the year base on the stock to flow model is $135,000".
This prediction came from PlanB and if you are a twitter guy then you know him as well.

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

6 digit price is something impossible for this year to happen but it would be good if we do see those numbers but dont expect much because it would really just frustrate you.
Lets stick on realistic things as of now and even talking with 85k is something still doubtful for it to happen.If we do tend to look or see on whats the current market behavior
then it is just typical on having that kind of correction which is something a default thing for a certain investor to be aware off with these market conditions.
For now if you do see that theres some probability then it isnt bad to make out some buyback atm.

[Johnyz]

this question of price forecasting is a bit comical, whenever the price increases a lot, analysts appear making optimistic forecasts, but the main point is:

why has the price increased so much this month? in my opinion it was because of a possible ETF approval

so what will happen to the price in case SEC postpones or rejects? the price will drop a lot

Its already live and approved, so I don’t see any reason for SEC to postpone it maybe the other ETF but not those who are already working in the market. Though of course SEC is also creating some FUD so a possibility to make negative statement again is really possible. Predictions are fine, its their own analysis so be it, better to have yours as well. We still need to break $70k first before the it continues.

[2double0]

A quick sell, a 'more than 10%' correction and Sunday is still there. Weekends break the values down as quick as it went up. Analysts also claimed that btc would fall under 20k before continuing its rally towards a new ath. Did that happen?

Expectations are good, speculations aren't.
The data is very good and even btc on exchanges is getting dried up, but there are hidden bears too who watch the sentiments and then 'short' to surprise all of us.

[Furious 7]

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

Many hope that 100k more is possible but I always look at the time remaining and this is very short in this 2 month period so I also think this can be realistic in the price range of more than $80k and this can also be no fud and bullish still holding on, but we know about ATH's new record and it didn't last long so there will definitely be another correction so it won't be easy to get past this.

I also saw some references to the bitcoin price they were talking about, even most people predict that 100k can be reached by the end of the year, but in fact I'm still a little unsure but after 2022 with a long time bitcoin can pass easily.

[freedomgo]

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

Many hope that 100k more is possible but I always look at the time remaining and this is very short in this 2 month period so I also think this can be realistic in the price range of more than $80k and this can also be no fud and bullish still holding on, but we know about ATH's new record and it didn't last long so there will definitely be another correction so it won't be easy to get past this.

I also saw some references to the bitcoin price they were talking about, even most people predict that 100k can be reached by the end of the year, but in fact I'm still a little unsure but after 2022 with a long time bitcoin can pass easily.

I'm not seeing bitcoin too reaching $85k this year. The remaining two months may not be enough to witness the fast surging of bitcoin so it might only settle at the price of $70k-$75k which is very possible i guess.

However, if some significant negative news would appear inevitably, then we will only be seeing $60k-$70k until this year ends. Yes, we can say that bitcoin has influenced the whole market too to become bullish but it does not mean that it will only be the scenario all throughout the year. Sometimes, there is a need for price corrections too because after that, it will open a new price opportunities that is set to reach another heights again.

[TimeTeller]

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

Many hope that 100k more is possible but I always look at the time remaining and this is very short in this 2 month period so I also think this can be realistic in the price range of more than $80k and this can also be no fud and bullish still holding on, but we know about ATH's new record and it didn't last long so there will definitely be another correction so it won't be easy to get past this.

I also saw some references to the bitcoin price they were talking about, even most people predict that 100k can be reached by the end of the year, but in fact I'm still a little unsure but after 2022 with a long time bitcoin can pass easily.

I'm not seeing bitcoin too reaching $85k this year. The remaining two months may not be enough to witness the fast surging of bitcoin so it might only settle at the price of $70k-$75k which is very possible i guess.

However, if some significant negative news would appear inevitably, then we will only be seeing $60k-$70k until this year ends. Yes, we can say that bitcoin has influenced the whole market too to become bullish but it does not mean that it will only be the scenario all throughout the year. Sometimes, there is a need for price corrections too because after that, it will open a new price opportunities that is set to reach another heights again.

Whether we will not be seeing 85k this year or not, let us appreciate the fact that bitcoin really has good performance this year.
With the total banning of China in terms of crypto, a lot were thinking about the future of bitcoin, in particular.
However, the market bounced back and bitcoin achieved a new ATH.
And with the potential launch of more crypto-related ETFs, it may possibly boost the price of bitcoin.

[kotajikikox]

A lot of speculation has been going on about Bitcoin surpassing $100k before the end of the year and as Decentrader analyst Filbfilb puts it, There’s nothing that can spark Bitcoin downside except a “significant bad news event,”
Source
More so, there are many more on-chain data pointing towards these Bull market highs from the latest data analysis that was collected by on-chain analytics firm Glassnode this week.
‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report
Your thoughts on where you think will happen in Q4 for BTC price action.  

this will take a Long ride to happen because Bitcoin even struggling to take a step forward from 66k hype

https://coinmarketcap.com/currencies/bitcoin/

I think it is 70k that must be a barricade and if that is broken then maybe at least 80,000 this year is enough to expect.

I have a plan of taking my profit if the price hits 75k but i may wait for at least 80k before making actions .

[rahmatrf331]

Take note this is end of the year. It seems impossible at least for all of us to see Bitcoin make x2 price jump in just 2 months so maybe the more realistic price at the end of the year is at least $80,000-$85,000. We would be happy though if we see Bitcoin ending the year 2021 with a 6 digit price right?

Many hope that 100k more is possible but I always look at the time remaining and this is very short in this 2 month period so I also think this can be realistic in the price range of more than $80k and this can also be no fud and bullish still holding on, but we know about ATH's new record and it didn't last long so there will definitely be another correction so it won't be easy to get past this.

I also saw some references to the bitcoin price they were talking about, even most people predict that 100k can be reached by the end of the year, but in fact I'm still a little unsure but after 2022 with a long time bitcoin can pass easily.

I'm not seeing bitcoin too reaching $85k this year. The remaining two months may not be enough to witness the fast surging of bitcoin so it might only settle at the price of $70k-$75k which is very possible i guess.

However, if some significant negative news would appear inevitably, then we will only be seeing $60k-$70k until this year ends. Yes, we can say that bitcoin has influenced the whole market too to become bullish but it does not mean that it will only be the scenario all throughout the year. Sometimes, there is a need for price corrections too because after that, it will open a new price opportunities that is set to reach another heights again.

Whether we will not be seeing 85k this year or not, let us appreciate the fact that bitcoin really has good performance this year.
With the total banning of China in terms of crypto, a lot were thinking about the future of bitcoin, in particular.
However, the market bounced back and bitcoin achieved a new ATH.
And with the potential launch of more crypto-related ETFs, it may possibly boost the price of bitcoin.

China's ban on bitcoin is no longer an obstacle in the growth of bitcoin because many other countries have started to adopt bitcoin, especially America has launched EFT Bitcoin recently so bitcoin will be better in the future. But I'm not sure the next stop can reach $85k, bitcoin often experiences price corrections when it starts to soar like yesterday when bitcoin had reached $66k and it fell back to $60k. in that it means to get a market price of $85k to go through a lot of price corrections first.

[Fredomago]

A lot of speculation has been going on about Bitcoin surpassing $100k before the end of the year and as Decentrader analyst Filbfilb puts it, There’s nothing that can spark Bitcoin downside except a “significant bad news event,”
Source
More so, there are many more on-chain data pointing towards these Bull market highs from the latest data analysis that was collected by on-chain analytics firm Glassnode this week.
‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report
Your thoughts on where you think will happen in Q4 for BTC price action.  

I think $85k is too much for the bitcoin as of this year, although many investors and traders are really hoping that it will happen by the end of 4th quarter upon reaching the all the time high recently.

Let's just be practical for now and enjoy the road, 2021 is also a good year for bitcoin even though China's opposing all the transaction and mining in bitcoin. But s

till let not forget and we're grateful for the legalization of El Salvador and Russia's friendly position about bitcoin.

Not just them also US and Japan, though there are more countries who support Bitcoin and allow this system to exist inside their jurisdiction, China's stand in opposing this coin are being carried by other big nations. We don't know how big the value may increase.
and how many more additional investors and traders to start moving their money to this asset.

We should enjoy and make a good use of these opportunities, whatever the peak might be before the end of the year, also make sure to have a good plan in case that sideways take place and dump start to dominate the market.

[ShowOff]

The approval of the Bitcoin ETF is the trigger for the current bullrun market and everywhere analysts are starting to predict the market and expect the next stop at $85k it's amazing. many investors are watching the market movements and how to take the opportunity to sell assets at the next watch is very enthusiastic.

If investor believe in the potential of bitcoin based on predictions as high as $85K, then why should they wait for the moment to sell their bitcoin in the next hour?

Investors will choose to see how it moves and they don't sell the bitcoin they own only after the profit are confirmed. On the Binance exchange, the bitcoin price at the time of writing is $63.5K or slightly down after 6 green candles on 4H TF. I believe bitcoin price could still go up more than ATH $67K this year and $70K is a realistic target to hit this week.

[Baofeng]

this question of price forecasting is a bit comical, whenever the price increases a lot, analysts appear making optimistic forecasts, but the main point is:

why has the price increased so much this month? in my opinion it was because of a possible ETF approval

so what will happen to the price in case SEC postpones or rejects? the price will drop a lot

They already approved the first ever bitcoin ETF and the launching will be this Oct 18 -

https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wider-investor-base/

It was in the news for couple of days already, this is why you've seen the boost of bitcoin's price in the past few days.
So with this approval, we may be seeing a good market trend in the next coming months, in which, $85k may possibly be achieved this year.

The approval of the Bitcoin ETF is the trigger for the current bullrun market and everywhere analysts are starting to predict the market and expect the next stop at $85k it's amazing. many investors are watching the market movements and how to take the opportunity to sell assets at the next watch is very enthusiastic.

But as we have seen after the ETF, Proshares hits $1.1 billion and then we see new all time high.

But after that the price goes down hard, meaning it has only 2 days of FOMO so obviously, we will have to wait for that $85k stop prediction. It could be achieved next month when there will be the Taproot and for sure it will FOMO again to even in the $90 range. So just wait and see, and still stick to the old formula of buying the dip and accumulating.

[peter0425]

Well, the situation is no change and the price of btc is now 60k$ so I think the 85k$ we'll be the next price, According to Jurrien Timmer – Director of Global Macro at Fidelity Investments – bitcoin needs two more years to reach a price of $100,000 so for me I think btc will end to 80k to 90k$ this year.

and who Is he to tell that 2 years more before bitcoin hitting 100k? is he an Whale investor? sorry but i can't remember that person involved in all the increase of bitcoin price , maybe in decrease he is responsible .
and also yeah the price continue declining to break the 66k but at least staying in 60-62k level is a legit proof that we are only needing small time before this happens.