Next stop $85K for Bitcoin

[KaliLinux]

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.  

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[pooya87]

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.

There is basically no method that "on-chain data" could be used to speculate about price. There is obviously a connection between both bull and bear trends with the on-chain activity but there is absolutely no way we can use the on-chain activity to predict WHERE the coins are going and WHY.
Glassnde is the only entity that has been trying so hard to invent such a connection.

[UserU]

Quite an interesting forecast. And on the contrary, it is not the first time that I have come across a forecast where the price of bitcoin, on the contrary, is going to fall.

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

[zanezane]

Quite an interesting forecast. And on the contrary, it is not the first time that I have come across a forecast where the price of bitcoin, on the contrary, is going to fall.

That's how forecast works, you try and predict the movement even if it's a negative one so the people can prepare what's going to happen next and in my opinion 85k seems a bit conservative but acceptable forecast.

[Vickysagar]

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

[rodskee]

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.

[deadmousehat]

I've seen some very different speculations today. someone said bitcoin is going to zero in the near future and someone said bitcoin will set a new record 100,000$. Who knows. Speculation cannot be used as a reference or trusted 100%. It all depends on each individual and I believe bitcoin holders are aware of the risks and are prepared.

[NotATether]

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

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.

The cointelegraph report says:

Active entities on the Bitcoin blockchain are particularly noteworthy. Despite prices being near $50,000, these are still one-third below all-time highs but growing rapidly.

Here's where they get it wrong though: who else is going to participate in bitcoin transactions to meet this statistic? Last year, it was Paypal's and Tesla's bitcoin announcements (IIRC) that fueled the participation by users, so if companies' PR departments will be just crickets in Q4 2021, we're not going to see that price figure by then.

(And everyone who bet on BTC hitting $100K at 1.01x odds last June will all lose their bets, but that's a different story).

[Ultegra134]

Quite an interesting forecast. And on the contrary, it is not the first time that I have come across a forecast where the price of bitcoin, on the contrary, is going to fall.

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

I've seen those so-called forecasts claiming Bitcoin surpassing $100.000 within 2021, which is highly unlikely, however, $85.000 doesn't sound plausible enough for me either. We're less than 3 months from 2022, Bitcoin still hasn't reached its previous ATH or even got anywhere close to that, of approximately $65.000. From my point of view, it'll be a blessing if we even reach that record within the year.

[Tim-BTC]

No one can predict the black swan. In the long run, it’s an upward trend.

[ultrloa]

No one can predict the black swan. In the long run, it’s an upward trend.

Even though no one can predict the future still bitcoin have still have to strike back at that figures given since we almost hit that price before as the bitcoin ATH is close to that figure although it dump suddenly after those past ATH has been broke but who knows next year or on next halving we can see that event happened. But lets do hope that majority will still be intact to bitcoin in future so that once bitcoin bull run happen again many will join so that we can see the increase of demand.

[ipanks]

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

Before the price reaches $100k, it will reach $85k first because the bitcoin price already hit $64k before. And if $100k is not reached by the end of this ear, I think we should accept wherever bitcoin price will go and if we want to sell at that price, it is better to accumulate bitcoin from now while the price is still below $50k. But if your target to sell is in the next few years, you can still buy more bitcoin and do not sell it before you see your target comes to you. I wonder if $85k is the next stop for Bitcoin, how long it will happen.

[gabbie2010]

As the case may be, the price of Bitcoin reaching $85K is subject to breaking the resistance at $60K which is also the ATH as soon as possible beating in mind that we are in the last quarter of the year, though recently the price bullish volatility is no the rise, if the price breaks the closest resistance at $52K then moving to the last ATH at $60K wouldn't take too much time however all these speculations is subject to non availability of any negative fundamental news which can mar the price reaching the speculated price.

[Leviathan.007]

The article from Cointelegraph is about higher prices such as 85K but some other professional investors believe in 100K price or even higher. Since the price did a correction already and it's more stable compared to the last days I believe there will be a sharp price movement happening soon. However, as long as we are talking about the cryptocurrency market and especially bitcoin price, nothing is predictable and there is even a chance to see even lower prices. But, for people who know bitcoin for a long time, it's clear that anyone buying bitcoin at this price can take profits in long term. So, no matter the price, 85K,100K, etc... you can aim for higher prices if you go for a long-term plan.

[Pmalek]

All those forecast sites and "predictors" are unreliable. I would even go as far as to call them bullshit. Enter any coin in a search engine followed by the terms 'forecast 2021/2025/X', and you will get a bunch of prediction platforms. All of them are showing incredible growths for all assets you look at. Newbies shouldn't use or trust such sources because they will get the wrong idea that you can purchase any coin you want and it will give you good returns.

[UserU]

I've seen those so-called forecasts claiming Bitcoin surpassing $100.000 within 2021, which is highly unlikely, however, $85.000 doesn't sound plausible enough for me either. We're less than 3 months from 2022, Bitcoin still hasn't reached its previous ATH or even got anywhere close to that, of approximately $65.000. From my point of view, it'll be a blessing if we even reach that record within the year.

Bitcoin did rally like crazy since the end of last year, from less than 10K to 60+, so 85 might not sound like a far cry.

Still, if it ever reaches that level, I'd sell and buy some nice stuffs for myself

[YOSHIE]

Not a few traders, investors or otherwise Bitcoin prediction experts always run for alternative social media as a means of crypto influencers, the media is made as a nest of confusing information in the prediction of $85k, $100k and so on.

Even if we are not careful in judging the news about Bitcoin predictions in the future, instead it will cause and create panic and fear that makes the crypto market inadvertently create uncertainty in the actual pricing.

There is no data that accurately states the price of Bitcoin at the end of this year or the following year, for sure, if someone buys at a low price and sells at the highest price, that person is the lucky one in Bitcoin prediction life.

[cotton ball]

we have to have our own stand, we don't easily believe every post, because not all posts circulating are accurate, sometimes they just want to seek sensation, I am aware of the risks in bitcoin, but I am ready for any risks that occur, even though some say the price will fall to zero, but I stay on my stance..

[Ararbermas]

Of course bitcoin need to reach the current resistance first which is 60k wherein within this mid of the month in my personal opinion, because on that situation we can really tell that bitcoin has a potential to surge more before the end of the year. If not then its unpredictable..i agree that many speculation nowadays are good when it comes bitcoin, but no one can prove that it will gonna happen as long as bitcoin still can't reach the current all time high value because that's the only key to make a break out.

[BlackHatCoiner]

“The future is like a corridor into which we can see only by the light coming from behind.” — Edward Weyer, Jr.