Next stop $85K for Bitcoin

[rincoeng1986]

The whale's push towards a bullrun was very weak and the level of investor concern was greatly increased as bitcoin's price dropped unexpectedly. possible in Q4 this year can penetrate $85k bitcoin price. many assume that by the end of this year bitcoin can break the $100k mark, but I'm still a little worried about the recent condition that bitcoin is often down in the bullrun phase.

[1714719725]

1714719725

[1714719725]

1714719725

[1714719725]

1714719725

[Fakhrulenclix]

at this time very many people have speculated on the price of Bitcoin in the future and it is just a prediction with all the possibilities that basically I see no aspect that can predict the price with accuracy. so there is nothing wrong with all the news about price speculation because everyone has their own opinions and views. for myself about BTC price predictions I have the same opinion as most people about Bitcoin prices that will soar high and will even touch new ATH when the bull market comes. I say that with all the considerations and confidence that I have after seeing the current market conditions which continue to increase even though slowly.

[Pulsar77]

There have been so many analyses that turned out to be wrong. It is really hard to predict Bitcoin's movements with even the best analysis models. Because it is clearly very volatile. Maybe this model will not be able to predict the price too. However, I hope that we can see the price reaching a new ATH level in this year and improving the record till reaching a much bigger level.

[sikke]

I genuinely think that chances are we're going to see an adjustment before any further pumps.

We're in a period of consolidation where we are seeing institutions being a bit more hesitant entering at such high levels.

As a result, we are going to see $40k-50k BTC for quite a while without much movement either downward or upward - there is strong resistance at $50k but still consistent buying pressure from retail investors.

[Wawa2013]

at this time very many people have speculated on the price of Bitcoin in the future and it is just a prediction with all the possibilities that basically I see no aspect that can predict the price with accuracy. so there is nothing wrong with all the news about price speculation because everyone has their own opinions and views. for myself about BTC price predictions I have the same opinion as most people about Bitcoin prices that will soar high and will even touch new ATH when the bull market comes. I say that with all the considerations and confidence that I have after seeing the current market conditions which continue to increase even though slowly.

It's true that now a lot of people predict the price of Bitcoin, and of all the predictions, none of them are 100% accurate. Because indeed we are
not fortune-tellers, so everyone is free to predict the price of Bitcoin according to their respective analytical abilities. But one thing the price of
Bitcoin will definitely reach new ATH, although there is no guarantee when that will happen. Therefore we only need to collect as much Bitcoin as
possible, so when Bitcoin reaches new ATH we can generate large profits. Hopefully by the end of this year Bitcoin will reach new ATH.

[buwaytress]

Yeah, I think people keep forgetting what on-chain metrics look like, always focusing instead of market metrics -- and I think it's also important to start looking off-chain (intra wallet, L2, for example), because I think growth over there is even more hectic, and yeah, it's not interacting with the network but it still relies on the settlement finality of Bitcoin to work.

I think the price forecast is not exaggerated given that we are at $48000. but to think about this forecast we still need to break $52500 and then break the old ATH and have buying strength until reaching 85K, ~

Yeah, 100k is still pretty solid as an end of year target for me, and it's not difficult at all to see a next stop at 85k -- once 64k's broken, I don't think we'll take any breather until past 80k!

[Lordshiva]

Well surely it is possible for bitcoin to reach there and i am sure it will,but for now it is at 48k USD and still first it would need to break the 60k USD bar and i think its gonna take some time right now and we will have to wait for that.

[davis196]

The end of the year is usually bullish for Bitcoin.The last few years,except 2018,prove that market pattern.
I don't know the exact Bitcoin price that will occur,but I also don't expect 85K or 100K USD.
Maybe somewhere around 50-60K USD will be the best possible case scenario for Bitcoin,everything above 60K will be just a price bubble,caused by crypto whales and institutional investors,and that price bubble will last only a few weeks.Last year's Q4 was way more bullish with way more positive news coming from big investors.This year,I'm pretty much skeptical about any bullish news coming from major corporations.

 

[Kusman]

Before this, I have seen a subject like "The next stop for Bitcoin price is $70k" or it was something similar to it. But we witnessed a huge drop in the price. So, I wouldn't be surprised if we see the price getting stuck at the current levels for a long time after setting the target to $85k this time. It is Bitcoin we are talking about. I would expect everything like that. 

[newwest]

The whale's push towards a bullrun was very weak and the level of investor concern was greatly increased as bitcoin's price dropped unexpectedly. possible in Q4 this year can penetrate $85k bitcoin price. many assume that by the end of this year bitcoin can break the $100k mark, but I'm still a little worried about the recent condition that bitcoin is often down in the bullrun phase.

We are with a mix of buy and sell at 50k and this a price breaking point as per me. If we can sustain above 50k and move upwards for some days then we are heading towards new ATH high this year else mostly should be near the  existing mark only by year end.

[Reid]

This sounds more plausible, rather than those so-called experts forecasting 6-figures by the end of year-X

True, but I am still in doubt for $85k.
$70k is my highest forecast and I am a bit shy about it. 

El Salvador put more wood in the fire but it didn't react much. What event could still make a big pump in the market? It's difficult to think of another big investor that would risk it when the fall months ago is considered. They might still be looking forward to a cheaper price for an entry.

[Vaskiy]

The market is completely unpredictable at the moment, because there is no big growth and no big decline. If the price touch the previous ath value, then $85k becomes a possible value. As of now the market movements were happening associated with the good things taking place around the globe in terms of cryptocurrency adoption. Compared to the previous month now I see growth with more altcoins than Bitcoin. So, I don't think $85k will be reached soon.

[eaLiTy]

I genuinely think that chances are we're going to see an adjustment before any further pumps.
We're in a period of consolidation where we are seeing institutions being a bit more hesitant entering at such high levels.

I expected a correction when it touched $20k but the market was too bullish that it breached every resistance with ease and it is hard to predict what might happen this time around as well. May be we might see a correction before the final bull run or it will break all the resistance with ease to rally to a new all time high valuation.

As a result, we are going to see $40k-50k BTC for quite a while without much movement either downward or upward - there is strong resistance at $50k but still consistent buying pressure from retail investors.

It is fair to assume that we will be trading at a range bound for a while before the next rally. We are yet to see the valuation go down further than $46k this time.

[UserU]

True, but I am still in doubt for $85k.
$70k is my highest forecast and I am a bit shy about it. 

El Salvador put more wood in the fire but it didn't react much. What event could still make a big pump in the market? It's difficult to think of another big investor that would risk it when the fall months ago is considered. They might still be looking forward to a cheaper price for an entry.

To make things fun, we could always bet on the price forecasts by the end of the month, like on FBC. I just placed two bets between 47 - 52K.

I think for price movements, it still need whales to make the changes. After all, they still have to take profit and repeat the process ;P

[SquallLeonhart]

Your thoughts on where you think will happen in Q4 for BTC price action.  

Anything in between $120k to $190k will be possible by the times of end of Q4 of 2021. Many people have already speculated about the repeating of 2013 bull run but I guess we need to stick within the usual practice of bitcoin bull trends which means bitcoin needs to grow another 10x from 2017's ATH which means we may test $190k by end of this year.

I think for price movements, it still need whales to make the changes. After all, they still have to take profit and repeat the process ;P

Whales are already into action but they need to accept what most individuals decide; I mean whales probably will lose their power when we consider governments like El Salvador adopts bitcoins and encourage their citizen to do so.

[asrinur]

In my opinion, Bitcoin price is bearish at the moment due to the slow retracement seen a few days ago and is likely to continue in the next few weeks. Therefore, I expect BTC to set higher lows over the next few weeks and look set to move higher later this year where the price will hit $70k.

[ReiMomo]

I predict BTC Will be again on its ATH at around $70 to $75 by end of 4th quartet. Currently Bicoin is retaining its price between $44k to $48k which is a good sign of its upcoming take off. I am sure either there would be a good news on Bitcoin or something related to crypto industry. As market is volatile, anything can happen, but still lets believe that Bitcoin                                                                                                                                                                                        

[pealr12]

do this looks like a climbing to 85k any time?


https://coinmarketcap.com/currencies/bitcoin/
because for me this is hard to believe lol since the value cannot even touch 55k since several months ago.

Your thoughts on where you think will happen in Q4 for BTC price action.  

4th quarter may only bring 2 things , either price will maintain 50,000$ level or this will turn red in 20,000 range.

but what ever happen? i don't care because i am ready to keep holding for the next couple of years.

Even the greatest analyst have one time or another wrong about their TA when it comes to btc price, anything can happen from now till year end, it is highly unlikely that we will see btc at 20k again, with so much attention on btc, many adoption ongoing I doubt such price dip will happen again.

[YuginKadoya]

Even the greatest analyst have one time or another wrong about their TA when it comes to btc price, anything can happen from now till year end, it is highly unlikely that we will see btc at 20k again, with so much attention on btc, many adoption ongoing I doubt such price dip will happen again.

Well, does likely to happen and right now it is pretty hard to predict right now and the resistance is likely on the $50,000 USD at the moment, in my opinion, I am just waiting for that resistant price to be penetrated because If that indicator would reach I think the price is really to go beyond the $63,000 USD, for me, I am checking on the price of $80,000 USD just to be a realistic all-time high price,

And yes there is much cryptocurrency adoption that is happening right now but we should be ready for some dips because correction is really inevitable.

[Gozie51]

$85K seems like a likely goal. $100k is too optimistic for the end of the year.

There is no show of possibility of $85k as the price is moving because the year is winding off with 3 months more to go. Many of the analyst have had the opinion that price will fall during the last month of the year. If this will be so and price is still struggling to move beyond $45,000 when the year is ending, you see that $85k being difficult to achieve.