Bitcoin Bullish Scenario - Minimum will reach $75000

[Silberman]

Hope that this will occur in 2021 year end and not for the next December lol.

Have been waiting since second week of November to cash out some funds for this holiday but sadly i am a failure because the price continues to dip and now i am trapped with only more than a week remaining before the year ends.

Hoping that we will be having a great increase in the last week of December before 2022 comes to take over.

Unfortunately this is something that is quite common, if your goals for bitcoin are for the short term then you may find yourself in a difficult situation in which you are forced to sell for a bad price, now if you really need that money then you have no other option to sell, but if you can hold your coins for a few more months then it is highly likely that you are going to be able to sell your coins for a price way higher than what we are seeing at the moment.

[Vaculin]

Thanks for your analysis @StreakW, I have actually both some bitcoin at the current rate, and if indeed a new ATH will be achieved soon, that would make me profitable as well, but if the bearish movement will continue, I'll still continue buying using the same strategy by waiting what price it will settle when it floored.

As of now, I am not certain if the market will be bullish soon, but I'm sure every dropped is an opportunity as we are down significantly already compared to the current bitcoin ATH.

[el kaka22]

Well in a "bullish" scenario, I am not shocked that it is 75k at minimum, could be a lot more in my mind if I am considering bullish scenario to be honest. Hopefully we would be reaching to that 75k very soon because I keep seeing a lot of people who are losing their trust into crypto, and that is a very scary thing for the future, it could be a lot better if it wasn't really a problem for people in the long term but that is the risk we are taking.

Imagine this, we have 100 people who are involved with bitcoin, and the price is 100k, then price drops to 50k and we have 90 people who are interested, wouldn't it be harder to go back to 100k with just 90 people instead of 100? Wouldn't it be easier with 150 people? That is the problem we are facing right now, many people are leaving and becoming hopeless about it, sure most will come back and then some when the price recovers but it is making the recovery harder.

[Slow death]

when I look at these charts with so many lines it reminds me of the past when I saw the guys' analytics on the tradeview, I would always laugh because their price forecast always failed. the price is falling, it is not rising and the question now is how far the price needs to fall to reverse this downward trend.

[Oceat]

Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.

That's too far enough to happen although it might be the one that needed for Bitcoin in order to break the hardest resistance which is $70k currently. Bitcoin needed more months before we could see another ATH as the price in the dip right now and it might be the same as before when Bitcoin hits ATH it goes down back to $30k so it means Bitcoin need those months. It's between Q1 or Q3 but I hope it happens soon. Bear is just around the corner but maybe in 2023 or so.

[Dave1]

Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.

That's too far enough to happen although it might be the one that needed for Bitcoin in order to break the hardest resistance which is $70k currently. Bitcoin needed more months before we could see another ATH as the price in the dip right now and it might be the same as before when Bitcoin hits ATH it goes down back to $30k so it means Bitcoin need those months. It's between Q1 or Q3 but I hope it happens soon. Bear is just around the corner but maybe in 2023 or so.

So far the hardest resistance is $50k, we can't break that barrier in like many attempts.

After reaching a new all time high last month, the price seems to be on a downward spiral sad to say. So $70k is very far in my opinion and not sure if we are going to hit that price. Although at the back of my mind, I'm still thinking that we can still bounce back in Q1, it might be a difficult road as it seems the sentiments have shift to bearish this December.

[ipanks]

It is not easy to break $50k because the price seems not too strong to lift the price and back to up to $50k. Whenever the price starts to increase, it will go back to the lower price, making bitcoin have a delay to rise to the higher price. But whether the price will go up this year or next year, I think we do not have to worry because in the end, the price will start to increase and once that happens, the barrier of $50k will be a break and the price will still grow and will hit the next new ATH.

[adaseb]

This is a very strange way how you are using the 1.272 fib projection, I don't think most people are looking at that fib level. However if you take the previous cycle high ($20K) and low ($3.1K) you will get a fib projection 4.236 at around $73000. Which is pretty close to your fib.

Will this be the top? Nobody knows because in those areas there is no resistance, so traders are plotting projections where they can. Obviously $100K is an obvious resistance area and the rest people use fib projections. So it might or might not be the top. I think alot depends on if $42K was the low and how long we spend in this trend.

[onecall123]

Every time Bitcoin dropped, people believed the bull run was over. Wealthy investors bought into those dips and made millions. It makes sense to invest only in market declines. If a bear market exists, the buyer will be the seller. But, there is far too much downtrend sentiment in the stock market and bitcoin market, nobody really knows, so don't invest if you aren't prepared to lose, good luck. Don't rely on technical analysis every time!

[dothebeats]

I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.

[Ararbermas]

From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.



If this scenario occurs then the current buy the dip will be very profitable.

a good structure can really tell where the price will gonna go in the near future, and that structure is very pretty tho. i mean there will be a new high if it successfully made break out, if not then it means it still not stable and don't have enough strength to jump again..let's just keep our finger crossed that it's a positive sign.

[cryptomaniac_xxx]

I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.

But we have reach another resistance level of $45k although it goes back up to $46k the market is still very much undecided so not sure if $75k is still the minimum to be reach or we might be seeing a form of bearish trend already.

Of course, the trend continue, then we might see the price into the $40k'ish and if it a sign of bearish then the price could still go down and we might have to wait before entering and buy at a cheap price.

[aruldaroy]

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Whatever happens with the chart analysis we expect 2022 to be a great start for bitcoin's future price because whatever the shape of the chart we can't predict whether it will drop $40k or be expensive to break through $75k.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.

[cryptomaniac_xxx]

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Whatever happens with the chart analysis we expect 2022 to be a great start for bitcoin's future price because whatever the shape of the chart we can't predict whether it will drop $40k or be expensive to break through $75k.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.

Praying has nothing to do with the market movement, still based on investors and how much they are willing to pour money. But it seems that we have a negative sentiments, a bear market and all points that 2022 might not be very good as the shape of the market is really week at this point. Volume is no longer very high just like when we are in a bull run. Maybe the investors are getting out or moving to altcoins or any other financial market right now.

[crzy]

I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.

We should always be optimistic despite of these challenges and I know Bitcoin will still follow the trend and will made a good trend to bounce back, hopefully not to break another support level this time and will start to pump again slowly but surely. Looking at the chart, its pretty ok with a great volume, let’s see in the coming days if this will happen or not.

[Silberman]

I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.

The problem with it is that if the price does not get any lower then you will miss the chance to buy bitcoin for a good price, and as you say I do not see a huge selling pressure accumulating itself or anything like that, so I think this is a great opportunity to buy bitcoin before we see another sudden growth and then people begin to buy because of FOMO, after all it would be very weird for the the bull run to end without making at least one last attempt to break the current ATH.

[Oasisman]

If this scenario occurs then the current buy the dip will be very profitable.

Even with the current price level of $48,000 MOST PROBABLY it will always be profitable when we're talking about long term perspective.
It might not be the start of the long bearish season and it could still initiate another run and that's actually good, but to make it more safer don't hesitate to buy Bitcoin at the current dip when you can and start holding it no matter If it will make another run this year or early next year you're absolutely safe.

[sheenshane]

From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.

It seems a good analysis and we saw that the market now was slowly recovered from the previous correction.
This could be near to accurate prediction and by the end of the year Bitcoin will go up again and I think, this is natural that Bitcoin has a correction during holidays.

It could be by next year Bitcoin price will start into a path of a bull season which everyone most anticipated.  I don't believe that there's a huge drop like what happened in the year 2018, Bitcoin has gained popularity and has more investors like institutional investors or even a private individual that potentially called whales.

[LogitechMouse]

In a bullish scenario, $75,000 is very minimalistic at least for me because we've seen Bitcoin moved very fast in just a couple of days and we might see it again.
On the other hand though, the chances of Bitcoin going to a bear market goes up when it goes below and closes at least at the $40,000 price range.
Bitcoin went sideways for a few weeks already which means anything can happen. Either the bulls will regain the control or the bears will now control the market.

Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.

In which Gods you will pray?
I mean there is nothing wrong with praying but praying alone will not help Bitcoin. Bitcoin and other markets' price are moving base on the sentiments of the investors and not by praying.

[Fundamentals Of]

The current buy the dip will always be profitable. In fact, not just that, what I want to say is that all buy the dip signals are profitable. Actually, not even that, one only needs to take a look at the overall chart of Bitcoin since its inception and it is enough to realize that even buying the ATH is profitable. But it takes time of course. But there's the point, if buying the ATH is profitable how much more does buying the dip? If the next projected price target is $74,000-$75,000, buying anytime is profitable.