Is $84k the Peak for Bitcoin？

[bangjoe]

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

If Bitcoin's price goes above $74k which is where the resistance is at the moment, I don't think it is going to stop at $84k or around that range. The whole market has been expecting Bitcoin to hit at least $100k this time around, and considering the increasing demand and the unfolding events of the industry, I don't think there will be anything stopping Bitcoin from achieving that.

All it needs is some momentum, and if it gets that momentum, and manages to go above $74k, then it will keep rallying up even after that, and it won't stop before it hits $100k because when retail investors will see the price going up, they will start jumping in as well, and we know the price starts going up more when there is more demand.

Of course if we can break the $74 level which is the new ATH in the meantime it will show the bull market even crazier, because it is indeed resistance that is very difficult for us to touch, we may still be in the current console stage in forming support to be able to show that bitcoin can go much higher even above $84k for this year and allow us to reach $100k for the first time.

The momentum is gradual in my opinion, and we are still accumulating, maybe after the presidential election or at the same time it will give us a tremendous opportunity because it usually triggers a bull market as well, while one of the candidates now supports the bitcoin community, most likely we will get it even if not in the next 6 weeks.

[dezoel]

Exactly, BTC has almost passed it, I think all the news that has come at this time is quite good, and today we see the market is quite enthusiastic and BTC has reached the highest figure for today at $71,963.

Regarding the prediction that you got as a reference from Crypto Banter above, Bitcoin has the potential to reach $84,000 if the duration for the next six weeks is correct and perhaps the shift will still be there, but it is not very significant.

This is what they are talking about that not all times bad or not all time we are stuck in one position but the situation can also shift. The positive time has come for BTC once again, so congrats to those who extend their patience. They are now close to getting their rewards . It was still quite impressive that BTC didn't slowly recover anymore but the increase are instant this time around.

Let's see if this momentum continues later on, then I don't think it will take six weeks for us to see that $84k others are assuming about. If we truly achieve that quick, then no, that is not the peak for BTC yet this year or this current bull round but it can finally be $100k.

[darkangel11]

Is 74k the top for this cycle? No.
Is 84 the top for this cycle? No.
I'm more of a 100-150k guy, but I'm not counting out the possibility of 180k (3x).

That would be the worst performing cycle in the history of bitcoin, so I wouldn't bet on that and it would take us from 300% that we saw last cycle to some measly 15%. By betting on that you're betting on bitcoin to completely break the trend. In other words you're betting against bitcoin. If we were to really do 15% this time and end the bull market at that, what would that mean for the next cycle? The rewards would get cut by half and we'd get even less of a bull run than this year? Nothing is certain, but chances for that are so low that I wouldn't put my money on it.

[Republikcoin.com]

Unfortunately, it is not easy to increase the price of Bitcoin to such an expensive price. $100k may require good news that can trigger investors and whales to buy more Bitcoin. The bias is that one year after the halving, the price of altcoins will rise and will most likely have a direct impact on the price of Bitcoin which will increase the price too.

It seems like you said that in reverse, mate, because as long as I know Bitcoin I have never seen any impact from altcoins after the halving and this impact could make Bitcoin increase its price . Because what I often see is the impact of an increase in the price of Bitcoin itself which can result in most altcoins experiencing an increase in the market even though some people call it an altseason. But in general you need to pay close attention so that you don't misunderstand why there are many altcoins increasing after the halving and now there are still many altcoins that are having difficulty increasing their prices because Bitcoin is still stagnant at $69K.

[Betwrong]

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My guess on 2024 was old ATH was the rough top, so far we've stayed in orbit of that.  However if we really broke free and clear, I'd guess we can go higher then just 84k.

Me too. Why do they say that $84k is the upper limit? I don't understand that. I think, as it is almost always the case, the new ATH will be 3 times higher than previous one, so, I expect something around $200k this time.

[Judith87403]

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

The highest price of Bitcoin ever was $73k +. We all know that Bitcoin is volatile and can rise to any amonut or depreciate to any amount so why saying peak  and remember peak is the highest point  of an object or something and for your information Bitcoin haven't reach $84k before so why asking if it is the peak. However, I believe Bitcoin is going to skyrocket but I can't really tell how long it will take to... But let just keep hoping but I don't see Bitcoin appreciating to $84k within six weeks though it will get to that but not sure it will take this short interval of time.

[Questat]

~
My guess on 2024 was old ATH was the rough top, so far we've stayed in orbit of that.  However if we really broke free and clear, I'd guess we can go higher then just 84k.

Me too. Why do they say that $84k is the upper limit? I don't understand that. I think, as it is almost always the case, the new ATH will be 3 times higher than previous one, so, I expect something around $200k this time.

You’re right. I believe bitcoin is highly capable to reach higher than $84k so let’s aim more than that. Bitcoin creates unpredictable surprises and it could hit 2x or 3x from its previous ATH, regardless how volatile the market is. Now, if we’re talking about bitcoin peak price 6 weeks from now, I guess I would go for $100k, but it could totally achieve $200k once breaking news hit positively the market.  

[South Park]

You’re right. I believe bitcoin is highly capable to reach higher than $84k so let’s aim more than that. Bitcoin creates unpredictable surprises and it could hit 2x or 3x from its previous ATH, regardless how volatile the market is. Now, if we’re talking about bitcoin peak price 6 weeks from now, I guess I would go for $100k, but it could totally achieve $200k once breaking news hit positively the market.  

84k seems a reasonable prediction which can be reached during the next weeks, but reaching 100k during that same period is extremely hard if you ask me, as the demand for bitcoin will have to surge dramatically for this to happen and I do not think this can occur so soon under the current bull run, besides 100k is most likely going to be a psychological barrier for a long time, so I would expect the price of bitcoin to remain close to it for months before it is finally surpassed.

[Dunamisx]

We should expect for Bitcoin to get more than $84k anytime soon, it's not over for the bull season yet since we are still having post halving experience and the bullrun is still moving ad expected ad well, as to am extent bitcoin can get to a new all time high at anytime before the year end, I also expect to see bitcoin getting to a new all time hime of about hundred and fifty thousand dollars, we should see how far this can become realistic as the time goes on.

[lepbagong]

We should expect for Bitcoin to get more than $84k anytime soon, it's not over for the bull season yet since we are still having post halving experience and the bullrun is still moving ad expected ad well, as to am extent bitcoin can get to a new all time high at anytime before the year end, I also expect to see bitcoin getting to a new all time hime of about hundred and fifty thousand dollars, we should see how far this can become realistic as the time goes on.

I think it will be more than that, but I doubt it in the near future, because I think after creating the ATH there will at least be time after the halving for there to be a correction so that there is the ability for bitcoin to get a boost to continue increasing until 2025, when it will create an ATH renewable. Maybe if there are no obstacles, I think it's reasonable to get it at the end of this year, so that next year it can reach a peak which might be more significant and not just up to $100K.

[TravelMug]

We should expect for Bitcoin to get more than $84k anytime soon, it's not over for the bull season yet since we are still having post halving experience and the bullrun is still moving ad expected ad well, as to am extent bitcoin can get to a new all time high at anytime before the year end, I also expect to see bitcoin getting to a new all time hime of about hundred and fifty thousand dollars, we should see how far this can become realistic as the time goes on.

It could be a slow process though, the bulls herd are not yet on the run and so bull run or a massive run is not yet with us. However, we all know that sooner or later, it will have to happen at some point. And we are continuing to trade sideway after the halving so it's a good indication that at least, there is no massive dump that some have been speculating. So patience is needed here, who knows, maybe at the end of this year the price could be very well above this $84k that the OP is speculating. And for those who have experience previous halving, the bull run is going to come, and it certain to happen eventually, although the exact timing is not known. Maybe in 2025, we will finally see 6 digit and a new all time high of around $120K or more.

[tygeade]

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

Of course not, who thinks like this, and why? I mean bitcoin could go above that at all times, we may go above that in a week if we the market was on a bull run, there is no reason that we keep thinking that there is a max to it and we should just consider how we could make it work one way or another.

I believe that we are going to go above 100k+ in either at the end of this year, or we are going to end up seeing it change with time, and that is why I think that we are going to end up with a much better result. We should consider how to get better, and that means we are going to see the changes with time as well. I believe that 2025 could be the year we see 100k+ as well, but should be early, like within first quarter of 2025.

[Viscore]

Is 74k the top for this cycle? No.
Is 84 the top for this cycle? No.
I'm more of a 100-150k guy, but I'm not counting out the possibility of 180k (3x).

That would be the worst performing cycle in the history of bitcoin, so I wouldn't bet on that and it would take us from 300% that we saw last cycle to some measly 15%. By betting on that you're betting on bitcoin to completely break the trend. In other words you're betting against bitcoin. If we were to really do 15% this time and end the bull market at that, what would that mean for the next cycle? The rewards would get cut by half and we'd get even less of a bull run than this year? Nothing is certain, but chances for that are so low that I wouldn't put my money on it.

I would settle myself on $100k-$150k as this year’s peak. It’s not really impossible actually to see that price because bitcoin is still taking a slight progress every now and then and when it’s done consistently, we will soon to witness a new all time high at the end of this year, or probably next year. We just need to focus on the possibilities and not settle on unrealistic views and predictions, otherwise we are hitting against bitcoin.

[Hamphser]

Is 74k the top for this cycle? No.
Is 84 the top for this cycle? No.
I'm more of a 100-150k guy, but I'm not counting out the possibility of 180k (3x).

That would be the worst performing cycle in the history of bitcoin, so I wouldn't bet on that and it would take us from 300% that we saw last cycle to some measly 15%. By betting on that you're betting on bitcoin to completely break the trend. In other words you're betting against bitcoin. If we were to really do 15% this time and end the bull market at that, what would that mean for the next cycle? The rewards would get cut by half and we'd get even less of a bull run than this year? Nothing is certain, but chances for that are so low that I wouldn't put my money on it.

I would settle myself on $100k-$150k as this year’s peak. It’s not really impossible actually to see that price because bitcoin is still taking a slight progress every now and then and when it’s done consistently, we will soon to witness a new all time high at the end of this year, or probably next year. We just need to focus on the possibilities and not settle on unrealistic views and predictions, otherwise we are hitting against bitcoin.

If we do speak about potential peak and something which is realistic then 150k-200k for this year cycle. Above that? It would really be something that would really be that hard to believe on but of course we do know that Bitcoin could really give out those kind of surprises on which the community or entire market didnt really expect to reach out those numbers. This isnt the first time that it do give out those kind of conditions that it do reach out those numbers that we didnt expect for it to happen specially now that institutional funds are flowing into crypto space on which there would really be that high probability that w could really be able to hit up those numbers but of course profitability will really be that depending on how well you do able to place yourself at the bottom.

Peak is something that everyone is really that trying out to speculate but it would really be better that you should really be mindful on accumulating Bitcoin as much as you could.
We arent that still on a bull run yet and making out some entry as of this moment would really be something recommended.

[Kemarit]

Is 74k the top for this cycle? No.
Is 84 the top for this cycle? No.
I'm more of a 100-150k guy, but I'm not counting out the possibility of 180k (3x).

That would be the worst performing cycle in the history of bitcoin, so I wouldn't bet on that and it would take us from 300% that we saw last cycle to some measly 15%. By betting on that you're betting on bitcoin to completely break the trend. In other words you're betting against bitcoin. If we were to really do 15% this time and end the bull market at that, what would that mean for the next cycle? The rewards would get cut by half and we'd get even less of a bull run than this year? Nothing is certain, but chances for that are so low that I wouldn't put my money on it.

I would settle myself on $100k-$150k as this year’s peak. It’s not really impossible actually to see that price because bitcoin is still taking a slight progress every now and then and when it’s done consistently, we will soon to witness a new all time high at the end of this year, or probably next year. We just need to focus on the possibilities and not settle on unrealistic views and predictions, otherwise we are hitting against bitcoin.

I think that's what most of us here are looking, around that price range, not just because we wanted to, but because of what the numbers are based on it's previous historical logs. I know that past events is not equal to the future, but still it can still hold some value and that's why we come up with that kind of numbers. Besides, Bitcoin data is very young and we can only extrapolate as much data base on it's past.

Nevertheless, it could be a hit or miss, but there's no harm is trying to make a wild and educate guess as to what price will be our next all time high. And with that, $84,000 is not going to be the peak for this cycle's bull run. We might be surprised to see how easy it is to break this number if we got to it.

[$crypto$]

I think that's what most of us here are looking, around that price range, not just because we wanted to, but because of what the numbers are based on it's previous historical logs. I know that past events is not equal to the future, but still it can still hold some value and that's why we come up with that kind of numbers. Besides, Bitcoin data is very young and we can only extrapolate as much data base on it's past.

Nevertheless, it could be a hit or miss, but there's no harm is trying to make a wild and educate guess as to what price will be our next all time high. And with that, $84,000 is not going to be the peak for this cycle's bull run. We might be surprised to see how easy it is to break this number if we got to it.

It is true that the past history will not be the same as the future even the current cycle has been ATH before the halving even though it was not at the $100K mark that we predicted, but history will always be there for every bitcoin cycle even though we never know how many times this increase will occur, can it be 5x? We are expecting something very high in the future.

$100K or $150K for me is not a wild guess but it makes sense in terms of the cycles combined, some investors expect this to happen soon and we just wait until after the 1 year halving then the rally will come or is it stuck at the current price?

But we are optimistic for bitcoin where there is always an important number value in its new history, maybe we are now a little bored the price continues to be in the current area but the bullish time has not yet arrived now.

[boyptc]

Just as what we're telling about when might be the bull run or how long we need to wait for the peak, just the same answer - it's only a matter of time.

As for $84k as the peak, we don't have an idea yet. BTC has to break new ATHs first and able to make it to $84k.

$100K or $150K for me is not a wild guess but it makes sense in terms of the cycles combined, some investors expect this to happen soon and we just wait until after the 1 year halving then the rally will come or is it stuck at the current price?

But we are optimistic for bitcoin where there is always an important number value in its new history, maybe we are now a little bored the price continues to be in the current area but the bullish time has not yet arrived now.

I hope so that $100k-$150k will be reached in no time and it's more of the analysis from this thread but it's not also a fantasy based on the historical price and cycle that it has got.

[Popkon6]

In the latest video analysis, Crypto Banter predicts that Bitcoin could potentially reach $84,000 within the next six weeks. This forecast is based on recent Bitcoin closing prices surpassing key levels, indicating a strong bullish trend.
Key technical indicators, such as the lower RSI levels, support the bullish sentiment for Bitcoin. Bitcoin has been consolidating for 82 days, and breaking above $74,000 would signify the beginning of a new uptrend phase. All indicators suggest that, with strong technical analysis and market dynamics, Bitcoin could potentially reach $84,000 within six weeks.

The Bitcoin halving took place in April 2024, after which the price of Bitcoin began to rise. From past halvings we've seen Bitcoin prices start bullruns going into the next year. So it may take place towards the end of 2024 . the bull run will start in 2025 as well. And this bull run will be held, and there is a very good chance it will be held up to $150K.

[royalfestus]

No, I don't think that a peak for bitcoin is something that we will ever see in our lifetime, I'm sure of that. Maybe for this year that would be the case but I'm inclined to believe of that possiblity that bitcoin will go to a much higher price point than that of that said analysis, I'm pretty sure that there's going to be more and more surprises that bitcoin has to offer and we just need to be ready about it, always expect the unexpected with bitcoin because the market is a volatile one, it will always be that way.

I see this from various perspectives. Bitcoin will eventually reach a price where it becomes very difficult to pump again. At that point, it will resemble assets like gold and silver, which experience price swings and provide opportunities for profit-taking. The market for Bitcoin is too significant in the financial world to ignore, and considering the unit of Satoshi might be a stretch. Bitcoin holders could become wealthy enough to influence governments, which might prompt a reaction from those governments

[STT]

Not even close to a peak for BTC in this cycle I think we can go further once its cleared this ATH area.   We are not especially negative or sounding out the top of the market it seems like, some have got fear of that and sold off but I also think they rebought at least some of what they sold in many cases.

 In 2021 the December peak was quite telling because it was a twin peak, a second attempt at a high which was lower and failed to surpass and that became the top.  The market was exhausted at that point both locally, this sector and beyond overall the market sold off past that I think though it wasnt all at once.  Not that long after was the Ukraine war start and a new direction, basically we have reemergence of big defense or military and weaponry type spending so alot of money went that way.