Next stop $85K for Bitcoin

[Scripture]

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.

Not a real bearish but its more on a sideways to me, we can only enter to bearish trend once we broke the strong support level at $40k, let’s not hope for this. Bitcoin have to be more stable on its current price before aiming to pump again, $85k is more likely to happen next year.

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[Hippocrypto]

I've heard those positive vibes since August, and until now the price got so interesting and thrilling situation as market continuously struggling to be back at safe zone. But the reality really proved us not all things are going to be all easy to achieve, because it needs enough timeline to acquire all those goals we ever wanted. That $85k or $100k would potentially happen, but nobody could state an accurate year to when would it be.

[Fredomago]

I've heard those positive vibes since August, and until now the price got so interesting and thrilling situation as market continuously struggling to be back at safe zone. But the reality really proved us not all things are going to be all easy to achieve, because it needs enough timeline to acquire all those goals we ever wanted. That $85k or $100k would potentially happen, but nobody could state an accurate year to when would it be.

Still speculating and no one can dictate that the value will grow or fall in an accurate time frame. Believers will continue to accumulate and blindly hold whatever the market brings them in the daily manner.

While with scalpers and day traders, they are the one who are concerned with how the value move; they are also one of those influenced why market still holding a good barrier, the gameplay of supply and demand keeps a good place since day traders are helping to keep considerable price.

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                                                                                                                                                                                       

Still holding to that position, good enough for traders to play and try some luck with their daily activities. I'm also positive that with this kind of support, there's a very good chance that before this year ends, we will see new time high, can't tell though if how high hoping to see $100K.

[YuginKadoya]

I've heard those positive vibes since August, and until now the price got so interesting and thrilling situation as market continuously struggling to be back at safe zone. But the reality really proved us not all things are going to be all easy to achieve, because it needs enough timeline to acquire all those goals we ever wanted. That $85k or $100k would potentially happen, but nobody could state an accurate year to when would it be.

No one can predict the future, all that mumble jumble that you are hearing on $85K to $100K are all just predictions and speculation base on the movement of bitcoin last bull market, right now we are still in the bearish condition for some this is a waiting game, because they have a portfolio and they will hold on to dear life, and there are people who can simply ready the movement with their indicator intact, but yes it is still possible to earn into trading even if we are in a bearish market, for now, I will keep on holding.

[Ngemmeng]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

[jostorres]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?

Exactly, because that correction did not lead us to lower low than what we had in the beginning of this year. When we are not testing the lower price levels but recovering toward a new ATH then we need to assume that any downfall market is just as a part of bullish trend.

to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months.

In December 2017, bitcoin increased around 100% in less than 2 weeks of time. So, three months must be more than sufficient time frame for the potential of bitcoin markets. So, OP's speculation of $85k may happen before end of October 2021 itself.

[Boov]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

Most probably it's part of the ongoing corrections, which technically created a strong hold despite of the struggles we faced as price continue to strive on that most profitable value we ever desire. Indeed, we've been there at $50k but still the resistance was too strong for now. We need to extend our patience this time if we wanted to see out asset begets brighter future.

[CaVO32]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

Most probably it's part of the ongoing corrections, which technically created a strong hold despite of the struggles we faced as price continue to strive on that most profitable value we ever desire. Indeed, we've been there at $50k but still the resistance was too strong for now. We need to extend our patience this time if we wanted to see out asset begets brighter future.

With the current rate, I don't think we will see the $100k level before this year ends, even $85k is not to be seen in the very near future. But if we will surpass the $60k level, that would already be a great ending for this year. Don't ask too much for btc as it has already reached a lot of milestones this year. Remember, this pandemic is not yet over. But in any case more good news is coming to the community, why not? The more adoption that we can build in this market, the better.

[ultrloa]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

Most probably it's part of the ongoing corrections, which technically created a strong hold despite of the struggles we faced as price continue to strive on that most profitable value we ever desire. Indeed, we've been there at $50k but still the resistance was too strong for now. We need to extend our patience this time if we wanted to see out asset begets brighter future.

With the current rate, I don't think we will see the $100k level before this year ends, even $85k is not to be seen in the very near future. But if we will surpass the $60k level, that would already be a great ending for this year. Don't ask too much for btc as it has already reached a lot of milestones this year. Remember, this pandemic is not yet over. But in any case more good news is coming to the community, why not? The more adoption that we can build in this market, the better.

The hype fades out and fear is building up towards this slowly price dumping happening in the market although fear is normal towards this incidents but for now its not clear if we can see that figure by this year since we didn't see any huge build up of price increase this days and we cannot say that will happen since huge bull run didn't happen. Although in future this 6 digits price prediction might happen but I think what we need is another series of halving since mostly this one will trigger the bull run.

[Twinscoin2017]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

[sirminesalot]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

There are already many good news this year but it's never happen before bitcoin price was touching 2 times all time high in a year, going to 85k means it will create a new all time high for bitcoin and it's hardly to happen because we can not rely on a good news, people already smart enough for does not make a news as a benchmark of investing.
So it's okay if the price is not going that high this year, crypto investing is a long and exciting journey

[UserU]

Now with China's Evergrande pulling everything else down with it, brace ourselves for a period of bloodshed on the streets.

[onecall123]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

Because of this manipulation by whales, I doubt BTC will reach a new all-time high anytime soon. We're in a bind right now, when BTC stands at $42,000. This is just a short-term event. Both sides are valid to me. Maybe we can reach the ATH, close to 60k. However, since there is no volume on the market, if the price was to rise to 85k, the market would experience an aggressive correction and an extended crypto winter.

[Dr.Osh]

Now with China's Evergrande pulling everything else down with it, brace ourselves for a period of bloodshed on the streets.

yes, the news really made a lot of investment venues crash, even cryptocurrencies had an impact. although sometimes I think that a big correction will occur, but I don't think that the thing that makes the price of bitcoin fall, also makes the place of investment go down as well. well, right now it looks like we need to hold off on seeing a new ATH in the near future. For now, we need to think about whether bitcoin will stay in the $40k range or not. yes, but I will still hold the assets that I have, because I still quite believe that the price of bitcoin can be higher.

[rhodelmabanal]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

I agree on that,good news is really important. if there are a lot of good news that may come I believe we can saw Bitcoin touches new ATH. I saw a lot of good news this year but the price is still very hard to rise on the expert prediction which is 100k$.how ever 42k$ which is the present price is already high enough compaired to the last 2017 bull run so there is no need to worry about the price.

[rahmatrf331]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

I agree on that,good news is really important. if there are a lot of good news that may come I believe we can saw Bitcoin touches new ATH. I saw a lot of good news this year but the price is still very hard to rise on the expert prediction which is 100k$.how ever 42k$ which is the present price is already high enough compaired to the last 2017 bull run so there is no need to worry about the price.

reviewing the case in 2017 there were very sharp price fluctuations compared to yesterday's correction which was not much. bitcoin's fall from $52k to $42k in the last few days was dramatic enough to take small investors by surprise. I think it's nothing to worry about because bitcoin has a pretty sharp recovery mode, next week it will be back to normal.

[Yaunfitda]

I think it is still depend on the upcoming news, if we are going to look at the price we are now still at the 42k$ and the end of the year is coming,we only have a few months before the end of the year 2021 so I think it is hard for Bitcoin to rise up to 85k$ when there is no bullish news that may come in the next few weeks from now.

There are already many good news this year but it's never happen before bitcoin price was touching 2 times all time high in a year, going to 85k means it will create a new all time high for bitcoin and it's hardly to happen because we can not rely on a good news, people already smart enough for does not make a news as a benchmark of investing.
So it's okay if the price is not going that high this year, crypto investing is a long and exciting journey

But smart investors goes to bitcoin, that's a fact, regardless if we can hit new all time high or not. Regarding touching twice all time high in a year, the data is fairly young, you can't make any conclusions so far. And we all know that bitcoin's narrative has change throughout the years, now we have countries legalizing it, and then huge companies hedging their reserved assets to bitcoin. So there's a huge possibility that we can hit another all time high before the end of the year.

[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.

Not a real bearish but its more on a sideways to me, we can only enter to bearish trend once we broke the strong support level at $40k, let’s not hope for this. Bitcoin have to be more stable on its current price before aiming to pump again, $85k is more likely to happen next year.

The market had previously been bullish from the recent correction. Even so, the BTC price is still around the $42,000 area and not moving any further. Under these circumstances, BTC is likely to continue to experience Bearish and also Bullish. Therefore, it is difficult to predict exactly if the bitcoin price will reach $85k next year because the current up or down trend is still difficult to observe.

[Renampun]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

nothing is impossible especially with bitcoin $100k in later this year...

it has often happened, bitcoin prices flew high at the end of the year, I saw positive news about bitcoin being able to stem FUD. even I myself believe the price of bitcoin will pass $100k before this year ends.

[stadus]

So is the current price drop a correction before the bitcoin price jumps and reaches $100k?
to reach $100k before the end of the year means the bitcoin price must increase by more than 100% in 3 months. and if you look at the current market conditions it seems difficult to happen, even to penetrate $50k until now bitcoin has not been able to.

nothing is impossible especially with bitcoin $100k in later this year...

it has often happened, bitcoin prices flew high at the end of the year, I saw positive news about bitcoin being able to stem FUD. even I myself believe the price of bitcoin will pass $100k before this year ends.

It needs a 2nd bull run if we want to see that $100k this year, IMO, it's not likely to happen as we already achieved an ATH of $64k and bitcoin is currently struggling to break to $50k, and it's likely to drop with the FUD happening now. Maybe $100k is possible next year, but I have a doubt this year though there's still plenty of time.