Next stop $85K for Bitcoin

[elisabetheva]

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.

In crypto, of course, we know that nothing is impossible and it will always happen. because no one is able to make the right predictions, especially with bitcoin which is always able to surprise at any time without anyone expecting it.

bad news won't be able to shake off the long-standing habit of the nature of bitcoin. we know that bitcoin always experiences a halving every 4 years. every year after the halving there will be a renewable ATH, we see in 2013 and 2017, ATH is formed at the end of the year.
is it impossible that the third halving of 2020 and renewable ATH will occur at the end of 2021.

if you look at the difference between the second and first ATH it will be seen that the % that occurs is quite high, it is not impossible that there will be an ATH surprise at the end of this year and it is quite fantastic, are all predictions that $100K will be achieved?

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[bitterguy28]

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.  

But when this will come mate? 85k meaning 21k must be above the recent ATH to take this step but we cannot even break that 64k so when this  happen?
i trust that bitcoin can even break 100k but the longevity of waiting is the question.
i thought in july we will be taking 100k but sadly it did not come that way so  waiting more again.
and also i consider buying more this year end hope i can accumulate the funds i needed.

[xmonkeyx]

I also see a lot of speculation like that about the price of bitcoin that will reach a new ATH and for analysts carried out by Decentrader flibfilb at this time no one has denied it and very many people agree about it. I think if a lot of people speculate that it is very possible for Bitcoin price to peak again.

[Rimueng]

I'm not sure if the bitcoin price will reach $85k later this year. Bitcoin price is still in the red zone in the past week. However, recently the price of Bitcoin has started an upward trend. I think the bitcoin price might only hit $65k later this year.

[Wong Gendheng]

I'm not sure if the bitcoin price will reach $85k later this year. Bitcoin price is still in the red zone in the past week. However, recently the price of Bitcoin has started an upward trend. I think the bitcoin price might only hit $65k later this year.

Looking at the current market trend, of course, it will be difficult for us to see the price of bitcoin making new ATH, it can be seen that when the price is $50k, there is a sell-off that makes the price drop again, maybe the price range is between $50k-$55k until the end of the year.

[Victorycoin]

I also see a lot of speculation like that about the price of bitcoin that will reach a new ATH and for analysts carried out by Decentrader flibfilb at this time no one has denied it and very many people agree about it. I think if a lot of people speculate that it is very possible for Bitcoin price to peak again.

Looking at the market position the price of bitcoin is rising again bitcoin and other currencies are rising bitcoin is expected to create new ATH prices, are likely to cross 50k this year but how many will go is unknown to many it would be best to wait until the next limit.

[STT]

Have to wave a flag of caution on being too bullish too soon in a bigger target way.  Today was very bullish on a number of counts but also its within a triangle formation that matches prior top prices.   We have to confirm outside of this negative repeated price action before I will be confident we can move on especially medium term in BTC.



if correct we can also go back to 42k next week.

[lixer]

In crypto, of course, we know that nothing is impossible and it will always happen. because no one is able to make the right predictions, especially with bitcoin which is always able to surprise at any time without anyone expecting it.

bad news won't be able to shake off the long-standing habit of the nature of bitcoin. we know that bitcoin always experiences a halving every 4 years. every year after the halving there will be a renewable ATH, we see in 2013 and 2017, ATH is formed at the end of the year.
is it impossible that the third halving of 2020 and renewable ATH will occur at the end of 2021.

if you look at the difference between the second and first ATH it will be seen that the % that occurs is quite high, it is not impossible that there will be an ATH surprise at the end of this year and it is quite fantastic, are all predictions that $100K will be achieved?

That is the thing about bitcoin that day traders can't see in the future, and that is what they talk about when they are in speculation part of bitcointalk. Of course it will go up and down and of course it will be impacted by people a whole lot, but that doesn't mean that in the long run it will go down neither. Long term investors realized long time ago that if we buy it right now that means we will be profiting from it in the long run as well, but if we get scared on every single fall then we will not be making any profit at all.

So, what people do is simply wait, even if there is a fall the long term investor waits, they do not care or at least even if we care we just do not act on it. That is how you make a profit in the long term and that is speculation as well, saying "buy now and wait long enough to profit" is speculation because we do not know for sure, but it is obvious to us.

[Fredomago]

I also see a lot of speculation like that about the price of bitcoin that will reach a new ATH and for analysts carried out by Decentrader flibfilb at this time no one has denied it and very many people agree about it. I think if a lot of people speculate that it is very possible for Bitcoin price to peak again.

Yes, the participation of people who believes that Bitcoin will pump back is very important to make things happen. If there are many buyers and holders, the price will surely go up, a simple supply and demand process.

We can't say the accurate time frame but there are many analyze who project that it will possibly happen before this year's end.
Bitcoin is again starting to move upwards, after that red September bear. Now it's showing nice bounce back.
Almost $48K heading to $50K again, looking good, especially to those who bought during the correction,
easy $7k if you purchased 1BTC last week.

[yohananaomi]

I also see a lot of speculation like that about the price of bitcoin that will reach a new ATH and for analysts carried out by Decentrader flibfilb at this time no one has denied it and very many people agree about it. I think if a lot of people speculate that it is very possible for Bitcoin price to peak again.

true, that indeed the circulating speculation is that from the beginning of Q4 it will slowly increase bitcoin slowly until the end of the year to reach renewable ATH. but the analysis can make sense if you look at the past of bitcoin's movement and usually bitcoin will do it again. so we'll just have to wait until the end of this year.

Yes, the participation of people who believes that Bitcoin will pump back is very important to make things happen. If there are many buyers and holders, the price will surely go up, a simple supply and demand process.

We can't say the accurate time frame but there are many analyze who project that it will possibly happen before this year's end.
Bitcoin is again starting to move upwards, after that red September bear. Now it's showing nice bounce back.
Almost $48K heading to $50K again, looking good, especially to those who bought during the correction,
easy $7k if you purchased 1BTC last week.

economically clear what you say is very true where there is a lot of demand it will make the price will increase. we know the good news continues to emerge so that it makes many investors confident and willing to invest their funds into bitcoin and make bitcoin will automatically increase.

entering the beginning of the week of Q4 the bitcoin price was seen slowly and cautiously crawling slowly. hope that bitcoin will be able to get past the always impassable $50K and will drop back down. obviously the increase over the crucial mark at $50K won't go down again so the end of the year can be reached ATH.

[Rajamuda]

I'm not sure if the bitcoin price will reach $85k later this year. Bitcoin price is still in the red zone in the past week. However, recently the price of Bitcoin has started an upward trend. I think the bitcoin price might only hit $65k later this year.

Looking at the current market trend, of course, it will be difficult for us to see the price of bitcoin making new ATH, it can be seen that when the price is $50k, there is a sell-off that makes the price drop again, maybe the price range is between $50k-$55k until the end of the year.

we need to know, on another side Bitcoin can also show price movements that are sometimes unexpected, which is accompanied by a lot of certain positive feedbacks that can appear with several other things that support the price movement of bitcoin itself at a certain time.
I think it's possible it's up to $85k, but fluctuations and other influences can't confirm that exactly.

[Kong Hey Pakboy]

I'm not sure if the bitcoin price will reach $85k later this year. Bitcoin price is still in the red zone in the past week. However, recently the price of Bitcoin has started an upward trend. I think the bitcoin price might only hit $65k later this year.

Don't be doubtful, we will eventually hit that number because there's still a lot of time left, I mean there's still November and December, it's unlikely that those months won't see any movements especially December with many of the pump happening at those times.

[Devifajarina]

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.  

In the last few months actually nothing has been able to trigger a decline in bitcoin, both market conditions and the trend towards bitcoin itself, but the problem now is about the bad news event that was released by china at that time, so bitcoin continues to be confused by them, on the basis of the most notable of the issued news is that the control of the crypto market should be transferred to the previously issued authority.
Well, this condition actually doesn't affect bitcoin in general, precisely with the presence of this news, bitcoin continues to be discussed, so that the target of bitcoin promotion to the world is getting wider and covers the whole world, today no one doesn't know what bitcoin is?
Should we say thank you for the news released by China?

[btc_angela]

I'm not sure if the bitcoin price will reach $85k later this year. Bitcoin price is still in the red zone in the past week. However, recently the price of Bitcoin has started an upward trend. I think the bitcoin price might only hit $65k later this year.

Looking at the current market trend, of course, it will be difficult for us to see the price of bitcoin making new ATH, it can be seen that when the price is $50k, there is a sell-off that makes the price drop again, maybe the price range is between $50k-$55k until the end of the year.

we need to know, on another side Bitcoin can also show price movements that are sometimes unexpected, which is accompanied by a lot of certain positive feedbacks that can appear with several other things that support the price movement of bitcoin itself at a certain time.
I think it's possible it's up to $85k, but fluctuations and other influences can't confirm that exactly.

Perhaps the prediction is for long term, or at least this year 2021. So it can't be confirm right away, as we will go on several transformation, predictions being validated and invalidated because of this. So all we can do is like grind it hard everyday, seeing what direction it will go short term and then we plot and predict the future. And for unknown reasons that the short term price was not meet, then obviously long term price will also have to adjust. So looking at the price movement right now, short term is that we are extremely bullish.

[buwaytress]

Hey hey, we're back above 50.

Have to say, wasn't really expecting it after yesterday's somewhat limp Asian time response to the weekend bulls, but it looks like they were willing to continue picking up from where North America left off after returning some volume buying to the scene.

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

[Oasisman]

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

A gradual rise might happen and the latest Bitcoin ETF approval from the SEC could fuel things up making it possible to hit $100,000 this year.
October has a great opening for Bitcoin price. I remember how Bitcoin slowly rising back in 2017 on October and hit an ATH on December. Could it happen again If we see Bitcoin slowly and steadily rise?
I'm kinda positive for the next Bitcoin price, though $100,000 seems too long for Bitcoin to hit.

[stadus]

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

A gradual rise might happen and the latest Bitcoin ETF approval from the SEC could fuel things up making it possible to hit $100,000 this year.
October has a great opening for Bitcoin price. I remember how Bitcoin slowly rising back in 2017 on October and hit an ATH on December. Could it happen again If we see Bitcoin slowly and steadily rise?
I'm kinda positive for the next Bitcoin price, though $100,000 seems too long for Bitcoin to hit.

I doubt that $100k though, I know that the market is still bullish and it could create a new ATH, but with less than 3 months left, I believe that $100k is too much for a high marketcap coin which is bitcoin. Enjoy the pump, maybe from here we will see more pumps like what we witness this year.

[rhomelmabini]

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

Not gonna back down that we might see the first ever 6 digit valuation of Bitcoin, December might be the month or the next year. Aye, aye! This might be an speculation but it looks like the possibility is within reach.

Looks like we're out on that triangle just this day and expecting a retest, never gets old.

[Dr.Osh]

Hey hey, we're back above 50.

Have to say, wasn't really expecting it after yesterday's somewhat limp Asian time response to the weekend bulls, but it looks like they were willing to continue picking up from where North America left off after returning some volume buying to the scene.

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

it seems the opportunity re-emerged when the bitcoin price hit $50000. although still not too sure about this situation, but still relaxed about this while accumulating assets may be better than stressing about the price that could fall at any time. maybe if a few days the bitcoin price stays above the $50000 price, we might be able to see the bitcoin price again being resistant in the $52000 - $55000 range. slowly but surely, let's hope the bitcoin price can reach $85000 even $100000

[Kasabus]

Hey hey, we're back above 50.

Have to say, wasn't really expecting it after yesterday's somewhat limp Asian time response to the weekend bulls, but it looks like they were willing to continue picking up from where North America left off after returning some volume buying to the scene.

Slow and steady, 85k still looking possible, but if we balloon, then 100k's got to be the year's aim, eh guys?

it seems the opportunity re-emerged when the bitcoin price hit $50000. although still not too sure about this situation, but still relaxed about this while accumulating assets may be better than stressing about the price that could fall at any time. maybe if a few days the bitcoin price stays above the $50000 price, we might be able to see the bitcoin price again being resistant in the $52000 - $55000 range. slowly but surely, let's hope the bitcoin price can reach $85000 even $100000

With the current momentum that bitcoin is having right now, $85k will be very possible before this year ends. We are already past $50k and from there, after it hit its strong resistance at $55k, then the next journey is passing its previous ATH.

Well, there's nothing wrong believing from those predictors but never rely from it fully. The market is very unpredictable so all we have to do is to adjust from its sudden moves and drives with it. Predictions may sometimes motivate us to be more positive so its never a bad thing really.