huditrader (OP)
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October 22, 2021, 01:10:53 PM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
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blockman
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October 22, 2021, 10:47:25 PM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
We don't know that for sure but earlier, there has been a big correction that has happened. And that probably is the one factor that triggered to get back to its former ATH and even made a newer ATH. If the bull run will be over for the next few months then so be it and we have to bear with another bear market and we don't know how long it will stay. But if not, then the trend and cycle have been changed.
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Jating
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October 22, 2021, 10:59:43 PM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
Not sure when is the bull run be over. We still have the December prediction of 6 digits and then we will see how it goes. Just imagine though, it we reached $150k this December and then corrected to $75k, it bitcoin still a failure? Lol, that is still big price in my opinion and we will never thought that we can even reach $60k already. Of course, if you have experience the last bear market, then by now, you know you to prepare yourself of the imminent bearish trend.
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electronicash
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October 22, 2021, 11:03:49 PM |
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you should be looking at what is happening to the economy today of each country to see where funds are going. if US and China economy is crashing, where else do we see all the funds going? there will be a crash but we will know when it happens right when we realize it. 5 months is too short, this is only a continuation of the previous bull run.
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AmoreJaz
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October 22, 2021, 11:17:41 PM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
Not sure when is the bull run be over. We still have the December prediction of 6 digits and then we will see how it goes. Just imagine though, it we reached $150k this December and then corrected to $75k, it bitcoin still a failure? Lol, that is still big price in my opinion and we will never thought that we can even reach $60k already. Of course, if you have experience the last bear market, then by now, you know you to prepare yourself of the imminent bearish trend. no one can actually precisely predict when the bull run will be over. but anyone can speculate what may possibly happen in the market. and everyone is free to predict such. people have always high expectations. but for you to survive in this market, you need to be smart and rely on your own instincts. so whatever happens, it is your disposition and not someone else's.
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Dhaniii
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October 23, 2021, 12:39:11 AM |
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Many people experience their disappointment and regret when they make the wrong decisions about predictions that will happen in the future. wrong predictions and wrong decisions so that he does not become a lucky person. Anticipating such cases, it is necessary to monitor the market at all times and need to analyze every information from parties involved in cryptocurrencies so as not to get caught in the wrong decisions.
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Sayeds56
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stead.builders
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October 23, 2021, 12:57:38 AM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
It is hard to predict Bitcoin price but most likely and give the historical trend of last quarter of every year and continuous Institutional support , the Bull run will continue till January, 2022 and Bitcoin is expected to make new ATH (above 70K). The consistent Bull Run of Bitcoin will also trigger Rally in Alts market and good projects can go 2- 10 during this periods. Funds are also flowing in NFT market where investors interest is gradually picking up.
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Rajamuda
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October 23, 2021, 01:47:51 AM |
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Many people experience their disappointment and regret when they make the wrong decisions about predictions that will happen in the future. wrong predictions and wrong decisions so that he does not become a lucky person. Anticipating such cases, it is necessary to monitor the market at all times and need to analyze every information from parties involved in cryptocurrencies so as not to get caught in the wrong decisions.
We are indeed like placed on things that smell like luck associated with prices that are not easy to predict and sometimes surprising. Trust and self-confidence are needed so that cannot be shaking the trust when holding on and being influenced by various issues or news that appear, because basically some issues/news are not sure to have a big impact on market movements.
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Fundamentals Of
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October 23, 2021, 02:19:41 AM |
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Do not expect that the market will always be bullish. There is always a cycle. It cannot be sustainable in any market if the sentiment is always bullish. You cannot expect the price to be rising no end. Expect corrections along the way. The buy orders could sometimes be defeated by the sell orders. But this is all in the shorter terms. In the bigger picture, the line is always diagonal and it is directed upwards. So there is really no last carnival of the bull market. Expect that in 2025, the price is already as high $300,000.
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Kemarit
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October 23, 2021, 03:18:10 AM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
Why you says so? Yes, the market can't be in parabolic rise, but times have change, bitcoin narrative is not the same 4 years ago when we had our last great bull run to $20k and then subsequent market crash. So it's hard to see the same scenario in about 5 months. Maybe we will reach certain peak, and then corrections, but maybe the dip will not be so dramatic as the last time. Everyone is ready for the last carnival and could have cash out already because the bear trend, or maybe they will be a holder for the longest time.
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adaseb
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October 23, 2021, 03:27:05 AM |
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I think it was impressive how we actually managed to break the ATH again, however this break was very weak compared to previous ATH breaks. The AUM for BITO was hardly increased the last 2 days. The first 2 days we got $500 Million each and the last 2 days we got maybe $50 Million. So it seems that people are getting scared to open positions.
I am going to be cautious if we don't close above previous ATH on the weekly time frames. If we fail to close above $64900 or we go to $64900 and get rejected it will be time to hedge some. And if we manage to close above that area then we can cover and it should break ATH and go higher and higher again. However so far its looking week. However its still early to tell, its only been a few days. We will see what next week will bring.
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Poker Player
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October 23, 2021, 03:47:00 AM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
Yeah, OK, but this is based on... what? Simply what you think? Is it just a hunch? In the speculation section, you don't have to base what you say on a deep argument, as even predictive models that have a basis in past data and statistical patterns fail, but it would be nice to know if you think so because you have been following the market for a long time or what. In my case, I think we are going to have an end of the year similar to previous cycles, that we are going to reach at least $100k, and then I am not so clear what is going to happen from January, as some predictions doubt that we will enter bear market and believe that the bull market will be extended a few months or that we will not have a bear market, at least as bad as in previous cycles.
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STT
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October 23, 2021, 04:34:47 AM Last edit: October 23, 2021, 05:39:18 AM by STT |
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I dont think it'll stay that high without alot of tests and volume put in. Theres always some selling pressure of some kind, people want to realize profits and that occurs any time they think more immediate gains wont happen. There are layers of holders of different kinds, it has to be assumed that many buyers will also sell within months at most, depending on sentiment and outlook in the market. Its almost always the case that the market will deal with negatives and pullback to some area that is rebought by speculators in the next cycle. I think that could be the 50 day average which is about 50k now, it formed the lower prices in the spring bullish action but is quite separated at present.
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peter0425
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October 23, 2021, 05:05:22 AM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
Sharing graphs or at least explanation is enough for us to understand your views 4-5 months Bull run will be over? but Bull has been here for a year now as 2020 October starts the bull and up to now we are still experiencing Bullishness in market. and pointing about 5 month specifically? meaning March next year? or in the beginning of 2nd quarter from 2022 the Bear market will come? I'm not buying this lol. Yeah bull is not happening continuously but at least this is here for a year now.
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pooya87
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October 23, 2021, 06:09:56 AM |
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I'm sorry but your insights make no sense at all.
First of all we just had a huge correction verging on being a crash. Price went down about 50% and lasted down there in an undervalued state for months and just this week price reached back where it should have been months ago which is above $60k. There is simply no reason to expect a "correction" because what we just had was a recovery from and "over-correction"! We even had a small 10% correction after hitting a new ATH @$67k.
Secondly in order to reach a new ATH above $100k or whatever your imagination is, we don't need an initial "major correction". The rise will happen as new money keeps pouring in from individuals and institutions alike. Just like the past 12 years.
Finally you seem to not understand bitcoin market at all. The bull market didn't start yesterday and won't end tomorrow. It started back in 2019-04-02 when price broke the strong $4k resistance and started rising up. All the short term drops were jut hiccups on the way to the new ATH. It also won't end any time soon. We either see a huge bubble at $400k+ following the same 4 year cycle and then the bull run ends with a year long bear market or we continue seeing short bull-bear markets from now on without any long bear markets ever again.
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el kaka22
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October 23, 2021, 08:42:09 AM |
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I am going to be cautious if we don't close above previous ATH on the weekly time frames. If we fail to close above $64900 or we go to $64900 and get rejected it will be time to hedge some. And if we manage to close above that area then we can cover and it should break ATH and go higher and higher again.
I am sure tomorrow Sunday will be a deciding day where are going to head from here. If you have noticed, on all bullish times, market do rise up on Sundays and this way, I am expecting bitcoin to be setting up a new ATH by end of this weekend. Right now, we staying above $60k levels hence I am expecting to finish up this week above $65000 levels. We either see a huge bubble at $400k+ following the same 4 year cycle and then the bull run ends with a year long bear market or we continue seeing short bull-bear markets from now on without any long bear markets ever again.
I am positive about persistence of same 4 year cycle (if we did not have 50% fall from April's ATH of $64k, then I might have agreed about continuation of bull run into 2022 and above). The current bull cycle may end up anywhere between $120k to $390k levels as we cannot have any scientific approach against FOMO driven bubble.
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palle11
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October 23, 2021, 08:53:00 AM |
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The immediate drop of price after it beat the previous ATH of $63k+ and to $66,900 is a sign of profit taking that investors did and that did not last for long as price got sustained above $63k and yet at this time of writing, the price is still rally up which meaning we are probably seeing more run by the weekend and next week.
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rodskee
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October 23, 2021, 10:15:21 AM |
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The immediate drop of price after it beat the previous ATH of $63k+ and to $66,900 is a sign of profit taking that investors did and that did not last for long as price got sustained above $63k and yet at this time of writing, the price is still rally up which meaning we are probably seeing more run by the weekend and next week.
That stand as Correction in which normally happens when there are increase happens specially when ATH goes again, i don't know if this is literally new because for how many times this year alone? that comes in our ways. staying at 60k above now https://coinmarketcap.com/ means this is the strong hold and we won't see another downfall below 60k . and if that continues then our next target is 70k and then 80k in which i believe the maximum price this 2021 .
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Wexnident
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October 23, 2021, 11:12:03 AM |
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Highly doubt we'll actually have a major correction, one would probably happen by the range of $90k or so, though I think FOMO would be enough to push it up to $100k by then imo. We've had that huge correction where we went back to what, below $30k even? The growth to the new ATH is quite natural at this point imo so we shouldn't hit one till there's another significant increase once again. A correction is actually the least event to happen imo, a steady movement would basically be the most probable to happen while the next would be the rise up to $100k. We've had a correction back to $60k mostly because of people that profited off of the recent ATH, though I don't think it would last that long.
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ultrloa
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October 23, 2021, 12:24:43 PM |
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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market
We don't know the result will show each year that's why its hard to predict if we will go more higher or we will see downfall but what good thing to see is we are still going strong these month and if we can see the market reach at that figures then provably we can reach the figures we can't imagine maybe on december or in next year. I'm prepared on what will be the outcome and if I see a good opportunity to sell then I will do it since I actually don't like to bag hold.
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