Next stop $85K for Bitcoin

[buwaytress]

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

And we're back to making a serious threat to leave 50k behind not as resistance but as support.

I know, I know, early days, it's barely mid-week and we actually have a long way to go to put some distance behind us. Volumes need to be bigger, and time spent at least on a 7-day average need to go up, but we're finally seeing some support for the lowering 200MA, which is always good news for me.

[1714740173]

1714740173

[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.

Maybe you have a point too. Moreover, the price of bitcoin is now back up significantly and the price has broken through the $54k level again. If this strengthening trend continues through the end of the year, it is very likely that the bitcoin price will hit a new ATH early next year or pump up to $100k.

[bots1]

In my opinion, the price of bitcoin has the potential to pump the price up to $85k later this year. Moreover, at this time the price of bitcoin has started to rise significantly because it has entered the fourth quarter which began in October. the fourth quarter is usually a period of strong performance and the expectation of an upward trend in bitcoin and altcoin prices. Therefore, It is possible that we will see bitcoin reaching new highs during the fourth quarter.

[Cafex]

Considering the recent increase in Bitcoin price, this level might not be impossible for it to reach even in this year. We might be in a bull market now. Or we are having another big rally in the market. I would rather a bull run than a rally. It can last much longer and Bitcoin price can reach incredible levels in a short time period also. Maybe the $100k target doesn't come true before the end of the year but $85k is not impossible like I said.

[newwest]

50k barrier still exists and if it can stay above for 50k for few days then we can see it shoot up quickly to 60k. Though it is around d54k now but its a quick rise and quick fall scenario for now. So just waiting for now about the next move before it jumps to 60k.

[Fredomago]

In my opinion, the price of bitcoin has the potential to pump the price up to $85k later this year. Moreover, at this time the price of bitcoin has started to rise significantly because it has entered the fourth quarter which began in October. the fourth quarter is usually a period of strong performance and the expectation of an upward trend in bitcoin and altcoin prices. Therefore, It is possible that we will see bitcoin reaching new highs during the fourth quarter.

Seems right, 4th quarter showing good bounce and now it's starting to gain more strength. If this momentum continues, we might see that amount being hit this year, not far from reality knowing how bitcoin works and how investors and whales work together to make huge hypes to attract more newcomers to start investing in this business.

If you have a good amount of spare money and you are willing to take the big risk, bitcoin is one of the best investment to look upon.

Breaking $50K is giving a good hint that the market is on its way to the top, 10k more and it will touch again the last time high. We don't know after that if how high bitcoin will continue to proceed.

[Hamphser]

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.

Maybe you have a point too. Moreover, the price of bitcoin is now back up significantly and the price has broken through the $54k level again. If this strengthening trend continues through the end of the year, it is very likely that the bitcoin price will hit a new ATH early next year or pump up to $100k.

The price had stabilized somewhat in 54-55k which it didnt really push through on 60k resistance which means we cant really tell on breaking its ATH on this year or would on the next.

It is really just good to hear off about 85k next target but i wont really be seeing that this would really be just a smooth sailing but rather a very wavy path to take.

Expect that there would be some huge sell off or orders on that previous ATH considering into those people who had entered on the peak.

[Finestream]

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.

Maybe you have a point too. Moreover, the price of bitcoin is now back up significantly and the price has broken through the $54k level again. If this strengthening trend continues through the end of the year, it is very likely that the bitcoin price will hit a new ATH early next year or pump up to $100k.

The price had stabilized somewhat in 54-55k which it didnt really push through on 60k resistance which means we cant really tell on breaking its ATH on this year or would on the next.

It is really just good to hear off about 85k next target but i wont really be seeing that this would really be just a smooth sailing but rather a very wavy path to take.

Expect that there would be some huge sell off or orders on that previous ATH considering into those people who had entered on the peak.

Bitcoin has seen to be bullish this time but we can't tell exactly if there will be significant bad news that will attack the market, bitcoin will not crash. There are still two more months to go and yet, bitcoin has not reached yet its previous ATH so it might be hard to believe that it will hit another ATH at $85k. I'm not trying to be pessimistic here as i'm only telling what is practical. Well, $85k will be a perfect price for christmas but i am sure there are still rocky roads ahead before we'll finally reach that price.

[Yaunfitda]

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.

Maybe you have a point too. Moreover, the price of bitcoin is now back up significantly and the price has broken through the $54k level again. If this strengthening trend continues through the end of the year, it is very likely that the bitcoin price will hit a new ATH early next year or pump up to $100k.

The price had stabilized somewhat in 54-55k which it didnt really push through on 60k resistance which means we cant really tell on breaking its ATH on this year or would on the next.

It is really just good to hear off about 85k next target but i wont really be seeing that this would really be just a smooth sailing but rather a very wavy path to take.

Expect that there would be some huge sell off or orders on that previous ATH considering into those people who had entered on the peak.

How can you say that we hae stabilized around this price? The price has been somewhat moving in the last couple of days and I doubt that it will simply stop at $54k-$55k. So I'm positive that the bullish sentiments will still continue to go this month breaking grounds again on the next whole number target, $60k.

And then after that next month will be huge, as Taproot will go live and then just maybe we have some good news that will cause FOMO and reach a new all time high, $85k-$100k might be in the horizon.

[AmoreJaz]

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.

Maybe you have a point too. Moreover, the price of bitcoin is now back up significantly and the price has broken through the $54k level again. If this strengthening trend continues through the end of the year, it is very likely that the bitcoin price will hit a new ATH early next year or pump up to $100k.

The price had stabilized somewhat in 54-55k which it didnt really push through on 60k resistance which means we cant really tell on breaking its ATH on this year or would on the next.

It is really just good to hear off about 85k next target but i wont really be seeing that this would really be just a smooth sailing but rather a very wavy path to take.

Expect that there would be some huge sell off or orders on that previous ATH considering into those people who had entered on the peak.

Bitcoin has seen to be bullish this time but we can't tell exactly if there will be significant bad news that will attack the market, bitcoin will not crash. There are still two more months to go and yet, bitcoin has not reached yet its previous ATH so it might be hard to believe that it will hit another ATH at $85k. I'm not trying to be pessimistic here as i'm only telling what is practical. Well, $85k will be a perfect price for christmas but i am sure there are still rocky roads ahead before we'll finally reach that price.

sometimes we need to do reality check here with the situation. though the target is achievable but we need to assess the market situation here. being conservative is not bad as you are just preventing yourself from expecting too much from the market and avoid decisions that will ruin your funds.
great that we are seeing bitcoin rising despite of the china news, but we need something substantial why it will keep on the positive direction. it will not significantly increase if there will be no solid developments or news from the btc market.

[Oceat]

I know I am bullish but expecting Bitcoin to reach a new ATH these days will be a big question to me since over the past few years it never bothered to break any new ATH after the last ATH pump. It was instead dropping till we hit bearish season although, this year has a bit of difference if we compared it to the past since Bitcoin price actually tend to increase that almost gonna hit a new ATH. So let's wait and find out where this trend gonna last although, it did stopped at $55k to $54k this time. Will it gonna pump more to try to break the $60k? Who knows.

[LUCKMCFLY]

The price of BTC is rebounding a lot, because it looks very easy to reach $ 55k easily, it is likely that it will continue to rise to $ 60k because the volume is growing with great intensity, the volume seems to be very buyer:

If bulls sustain the price above $52,920, the BTC/USDT pair could further pick up momentum and rally to $60,000. This level may act as a resistance but if crossed, the pair could challenge the all-time high at $64,854.

Source: https://cointelegraph.com/news/price-analysis-10-6-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uni

If the next stop can park at $ 64k it will produce great excitement in many, $ 85k is likely to be reached, but this year it can easily hit $ 100k in December.

[STT]

Should do well above the previous negative trend, its confirmed that trend both as a ceiling and recently it formed a low there on the 4hr bars.   Surprising it would do this just now as the main markets are not yet as well recovered so this represents outperformance vs other assets and also at the same time Dollar index is higher.   Perhaps it could be said to be some reaction to debt ceiling talk and the regular reminder government this and many others have no choice but to continually repay debt by issuing ever greater amounts, not an entirely stable situation and inherent relative weakness in FIAT.  Despite DXY higher recent pricing we're are still trending lower in value each year it seems.

[Dr.Osh]

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

And we're back to making a serious threat to leave 50k behind not as resistance but as support.

I know, I know, early days, it's barely mid-week and we actually have a long way to go to put some distance behind us. Volumes need to be bigger, and time spent at least on a 7-day average need to go up, but we're finally seeing some support for the lowering 200MA, which is always good news for me.

Let's see. even within 2 days, the price actually went up to the $55k range. for now, it looks like the price will continue to rise, and the next target is $60k to $64k. however, if the bitcoin price hits $64k this month, the potential to hit $85k is imminent. if some investors, or some positive news comes out, I think a price of $85k to $100k is a very possible thing this year.

hope no more banned news from China. oh god, the news always works to make people panic.

[buwaytress]

Let's see. even within 2 days, the price actually went up to the $55k range. for now, it looks like the price will continue to rise, and the next target is $60k to $64k. however, if the bitcoin price hits $64k this month, the potential to hit $85k is imminent. if some investors, or some positive news comes out, I think a price of $85k to $100k is a very possible thing this year.

hope no more banned news from China. oh god, the news always works to make people panic.

I think it'll fail at the first attempt at current ATH but there should be every reason to believe it'll take only a few more attempts -- but the final surge has to be at volume rather than spike of price for it to leave some formidable support at 60k.

I don't think we'll see any more parabola -- but if it happens, 100k might even take us by surprise before the month's over.

[Jating]

Let's see. even within 2 days, the price actually went up to the $55k range. for now, it looks like the price will continue to rise, and the next target is $60k to $64k. however, if the bitcoin price hits $64k this month, the potential to hit $85k is imminent. if some investors, or some positive news comes out, I think a price of $85k to $100k is a very possible thing this year.

hope no more banned news from China. oh god, the news always works to make people panic.

I think it'll fail at the first attempt at current ATH but there should be every reason to believe it'll take only a few more attempts -- but the final surge has to be at volume rather than spike of price for it to leave some formidable support at 60k.

I don't think we'll see any more parabola -- but if it happens, 100k might even take us by surprise before the month's over.

Really huge surge in the last couple of days, $48k, $50k then $52k are being slice like a butter. Last time we see this kind of run is last year about the same time as well. So let's way if the parabolic rise will continue as the next stop if the round numbers of $60k and maybe we can see some people selling at this price for whatever reasons. I don't think $100k this month is possible, maybe if we pushed it to a stretch, new all time high. But if we are still on schedule, maybe this December $100k could be touch, or even more.

[LUCKMCFLY]

At the moment the price of ETH is being very volatile, and the bears are wanting to lower the price in all the rallies, it is likely that it will continue to rise in price, at the moment it is approximately 3579USD, many are expecting the price to $ 5k, it all depends on the movement of BTC:

The rising 20-day EMA ($3,262.50) and the RSI in the positive zone indicate that bulls are in control.

If buyers propel the price above $3,676.28, the ETH/USDT pair could rally to $4,027.88.

Source: https://cointelegraph.com/news/price-analysis-10-6-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uni

For ETH, many are wanting to raise it to $ 5k because they want to make a quick profit, there are many ERC-20 projects that have a lot of future, having a better price will make it even more attractive.

[Japinat]

At the moment the price of ETH is being very volatile, and the bears are wanting to lower the price in all the rallies, it is likely that it will continue to rise in price, at the moment it is approximately 3579USD, many are expecting the price to $ 5k, it all depends on the movement of BTC:

The rising 20-day EMA ($3,262.50) and the RSI in the positive zone indicate that bulls are in control.

If buyers propel the price above $3,676.28, the ETH/USDT pair could rally to $4,027.88.

Source: https://cointelegraph.com/news/price-analysis-10-6-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uni

For ETH, many are wanting to raise it to $ 5k because they want to make a quick profit, there are many ERC-20 projects that have a lot of future, having a better price will make it even more attractive.

It was notifying how ETH makes a move together with Bitcoin, potential altcoins are just following the same path. If Bitcoin will hit another ATH this seems possible but for this year, the reality isn't that near, yeah, I think it will fail.
I'd expect the bullish season to come again within this year but never I think we can go that far $85k for Bitcoin. Maybe in the next 4-year cycle were halving launch again. It is really difficult to draw a conclusion and the only thing we need for now is just to have some faith and positivity, I think that was enough already.

[Fredomago]

It was notifying how ETH makes a move together with Bitcoin, potential altcoins are just following the same path. If Bitcoin will hit another ATH this seems possible but for this year, the reality isn't that near, yeah, I think it will fail.
I'd expect the bullish season to come again within this year but never I think we can go that far $85k for Bitcoin. Maybe in the next 4-year cycle were halving launch again. It is really difficult to draw a conclusion and the only thing we need for now is just to have some faith and positivity, I think that was enough already.

Still bullish and with more people who have the same opinion and trust with the current hypes, it's very possible to reach new ATH though it's tough to call if that new ATH will hit what OP has projected. The market still an open venue for both bull and bear. If demands call for more strong hands, expect that we will see more positive upward movement.

Last quarter of the year and if those early speculations take place, we may see another bull run to dominate. Hopefully, it will run in a natural way and not because of some whales who help to pump the market.

[fullhdpixel]

Really huge surge in the last couple of days, $48k, $50k then $52k are being slice like a butter. Last time we see this kind of run is last year about the same time as well. So let's way if the parabolic rise will continue as the next stop if the round numbers of $60k and maybe we can see some people selling at this price for whatever reasons. I don't think $100k this month is possible, maybe if we pushed it to a stretch, new all time high. But if we are still on schedule, maybe this December $100k could be touch, or even more.

I guess it is such a huge spike that it doesn't seem to be something that will slow down for a while longer. I mean nothing that rises this fast stops just a little while later, it has the power to keep going it is obvious. Doesn't mean that it will be going up forever, obviously it will stop eventually, I just believe that the stop will not be right now and right away.

I believe that we should be focusing on what we could do in the long run, and that means if we keep this parabolic increase going until we break ATH, then it will definitely slow down, doesn't mean it will not go on but it will slow down, at that point I may start to look for alts a little bit more.