Is $84k the Peak for Bitcoin？

[OrangeII]

however, it is still a prediction, but the potential increase in the current price of bitcoin could occur at any time. Until now, bitcoin is still stable in the $60k range. I think, in the next few weeks, maybe the price of bitcoin can reach a higher price. However, I think once the price passes $80k, then a bull market could arrive, and the price could push higher.

[Hallroom]

however, it is still a prediction, but the potential increase in the current price of bitcoin could occur at any time. Until now, bitcoin is still stable in the $60k range. I think, in the next few weeks, maybe the price of bitcoin can reach a higher price. However, I think once the price passes $80k, then a bull market could arrive, and the price could push higher.

The price of Bitcoin will definitely increase, because you will notice that after each halving, the price of Bitcoin will increase. But there is a break in the middle period that we are in now, so wait for a while and Bitcoin price will definitely move towards a bull market. Because every level Bitcoin price will increase, it is most likely to start in late 2024.

[Lamkuthang]

however, it is still a prediction, but the potential increase in the current price of bitcoin could occur at any time. Until now, bitcoin is still stable in the $60k range. I think, in the next few weeks, maybe the price of bitcoin can reach a higher price. However, I think once the price passes $80k, then a bull market could arrive, and the price could push higher.

For potential wear, I never doubt when we talk that what we are investing in is BTC. Now let's compare it with current market conditions. The price is still rotating at $67,740 and this is still in an accumulation condition and there could be additional declines.

What is needed now is that BTC has to get out of its resistance area and quickly make a price reversal and hopefully the support price doesn't break.

[Betwrong]

~

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.  

Yes, we saw that several times, didn't we? So, $200k is not something unimaginable this time. Can it happen this year? I'm not sure about that, but I expect something like this next year.

[South Park]

however, it is still a prediction, but the potential increase in the current price of bitcoin could occur at any time. Until now, bitcoin is still stable in the $60k range. I think, in the next few weeks, maybe the price of bitcoin can reach a higher price. However, I think once the price passes $80k, then a bull market could arrive, and the price could push higher.

One of the thing with most assets, including bitcoin, is that we may know a price increase is almost a certainty, but we do not know when it may happen, bitcoin getting to the 84k level is expected during this bull run and I am sure it will soon be left behind once the demand for bitcoin increases, but just as this could happen during the next 6 weeks as the OP predicts, it could happen in a year from now, a realization that made me think long time ago that trading is not really for me and becoming an investor was the way to go.

[STT]

Very positive end to the week and for the weekly bar, so we might be seeing some positive action build from this close above resistance.   What happens next is important to build on these gains, just getting here can be a margin of error that is corrected in the next days or week until we end up negative and in decline.

If we were to continue this rough trajectory in future I'd estimate October for a 84k price.  What I imagine actually happening is far greater gains after we lose the ATH area and push past it, many more speculators and other buyers may join in at that time.   The rate of gains tends not to be a constant, we gain alot then lapse in that trend and possibly even lose some pricing.

I've heard at least one commentator whose day traded for decades call out BTC as rising here so I'm very interested to view their reasoning for that call.

[tygeade]

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.  

Yes, we saw that several times, didn't we? So, $200k is not something unimaginable this time. Can it happen this year? I'm not sure about that, but I expect something like this next year.

I do not think that it would happen this year, that would be a little too much but I can see how people can see 200k in the future. I think next year makes perfect sense, not saying that it will happen but 200k in 2025 sounds totally possible to me, looks like something that would benefit everyone.

I feel like the best thing to do right now would be just realizing that we are going to end up with a good return, so it shouldn't really be something that will take that much time, I believe that we are going to end up with something that is not going to be all that crazy at all, we should probably consider how to get richer and more profitable with time, and for that to happen in that sense, we should probably consider how to get bitcoin to be hyped first.

[Falconer]

-snip-

I do not think that it would happen this year, that would be a little too much but I can see how people can see 200k in the future. I think next year makes perfect sense, not saying that it will happen but 200k in 2025 sounds totally possible to me, looks like something that would benefit everyone.

I feel like the best thing to do right now would be just realizing that we are going to end up with a good return, so it shouldn't really be something that will take that much time, I believe that we are going to end up with something that is not going to be all that crazy at all, we should probably consider how to get richer and more profitable with time, and for that to happen in that sense, we should probably consider how to get bitcoin to be hyped first.

Surprises can happen at any time, even if they happen sooner than expected. Who would have thought that a new ATH could actually be achieved before the halving, but it became a reality before the halving last April. In my opinion, for future prices, it could be 2x the previous ATH or maybe higher in 2024 if there is a drastic increase in demand.

No one knows the future, of course, but an increase can be expected when demand is so great.  $100k have been a realistic target to hope for this year, but there is no certainty about it. Don't get your hopes up that the price will be that high without huge demand, this should avoid a lot of disappointment.

[Betwrong]

~ Yes, we saw that several times, didn't we? So, $200k is not something unimaginable this time. Can it happen this year? I'm not sure about that, but I expect something like this next year.

I do not think that it would happen this year, that would be a little too much but I can see how people can see 200k in the future. I think next year makes perfect sense, not saying that it will happen but 200k in 2025 sounds totally possible to me, looks like something that would benefit everyone.

As it happened before, a huge bullrun can happen a year after halving, so, that's why I expect it next year. In the meantime we may see some downtrends, but we shouldn't be afraid of that because we believe in Bitcoin's potential.

~ we should probably consider how to get bitcoin to be hyped first.

Bitcoin can be hyped with us doing literally nothing. Right now 200 million people own Bitcoin, and that's a small number compared to what it should be. I think 2 billion is what is more or less realistic. I think so many people will want to own Bitcoin the near future and that inevitably will push the price up.

[AnonBitCoiner]

however, it is still a prediction, but the potential increase in the current price of bitcoin could occur at any time. Until now, bitcoin is still stable in the $60k range. I think, in the next few weeks, maybe the price of bitcoin can reach a higher price. However, I think once the price passes $80k, then a bull market could arrive, and the price could push higher.

Yes increase and decrease can happen any time and there is a possibility that price will move higher than the range of 60k$ and will go ahead than 70k$ but before that there will be regular pump and dumps in the price of Bitcoin. Actually nobody knows the reality but everyone is trying to predict the market which is not guaranteed and changes can take place anytime.

In previous days there was a dump that occurred that moved the price to 72k$ but now it again turns down but worries to be not because we have to cope up with these changes and fluctuations as these changes can only help us to make a revenue through Bitcoin investment.

[beerlover]

As it happened before, a huge bullrun can happen a year after halving, so, that's why I expect it next year. In the meantime we may see some downtrends, but we shouldn't be afraid of that because we believe in Bitcoin's potential.

That is right, having volatile stuff is fine, there is nothing wrong with what we have and I think it is going to be something that will take a while before we can recover. This is why I believe that the best thing we can do right now would be just understanding that we are going to have a little bit of trouble. This doesn't mean that we are going to be doing all that bad, but even if we do badly, then we should realize that whenever we do badly, we are not going to end up with anything bad forever.

We are going to end up with something that will take a while and this is why I think it is not going to end up with something that would be too much troubling, just realize that it is going to take a while but it will be good again.

[Rasa nanas]

This thread was created about 4 weeks ago but the price of bitcoin has not shown any signs of being bullish, and if you look at the current market situation it is quite difficult to reach $84k in the next two weeks. Even if we look at the current market situation, the bearish potential is much greater than the bullish potential. That opportunity will always be open and maybe we have to be a little patient to see Bitcoin become bullish again and reach a much higher ATH.

[GigaBit]

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.

No one can say where bitcoin price will reach at the moment. At a time when some thought the Bitcoin price would be bullish, it turned bearish. When Bitcoin price reached its peak i.e. 73K many thought that the price will cross 80K but in reality we have seen Bitcoin price fall again after touching all time high. Currently Bitcoin price is standing at 60K and there is a possibility to go down further. But when it turns bullish again, a new ATH may form above the previous ATH. Bitcoin can cross 80k at any time. However, according to previous ideas, we may not see Bitcoin price becoming bullish soon because Bitcoin may take time to become bullish after the halving.

[serjent05]

This thread was created about 4 weeks ago but the price of bitcoin has not shown any signs of being bullish, and if you look at the current market situation it is quite difficult to reach $84k in the next two weeks. Even if we look at the current market situation, the bearish potential is much greater than the bullish potential. That opportunity will always be open and maybe we have to be a little patient to see Bitcoin become bullish again and reach a much higher ATH.

The said prediction stated by @OP should have been reached if traders don't take profit but sadly traders always wanted to secure their profit so it is inevitable for Bitcoin to fall in price when these traders decided to cash out.  As these traders cash out, and Bitcoin prices continue to fall, this may trigger the stop loss feature of many trading bots creating a domino effect of selling, resulting in a continuous fall of Bitcoin price until it reaches the strong support.

With this happening, the predicted amount stated by @OP won't be realized in the given period.  It will probably be reached at a later date since the coming year 2025 is considered to be the year where Bitcoin's 4-year cycle peaks its performance breaking and recording new ATH.

[Yaunfitda]

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.

No one can say where bitcoin price will reach at the moment. At a time when some thought the Bitcoin price would be bullish, it turned bearish. When Bitcoin price reached its peak i.e. 73K many thought that the price will cross 80K but in reality we have seen Bitcoin price fall again after touching all time high. Currently Bitcoin price is standing at 60K and there is a possibility to go down further. But when it turns bullish again, a new ATH may form above the previous ATH. Bitcoin can cross 80k at any time. However, according to previous ideas, we may not see Bitcoin price becoming bullish soon because Bitcoin may take time to become bullish after the halving.

I guess that is a big lesson to us, when we thought that the price will go in this direction, suddenly it goes on the other side of the spectrum, but we should understand that specially on how volatile the market is. So we don't know if we will reach a new all time high in the future or the price going down. One thing though is that those who have been in the market for so long, have almost seen everything. So even if the price is going down, we remain resilient, we become smart investors and then we wait for the right time for the price to bounce and usually it happens specially after the halving as it is the catalyst for a bull run. So what we need is more patience, we need to stay focus and at least wait at the end of the year because there is also that possibility that we might reach 6 digits this December or close to it.

[justdimin]

I guess that is a big lesson to us, when we thought that the price will go in this direction, suddenly it goes on the other side of the spectrum, but we should understand that specially on how volatile the market is. So we don't know if we will reach a new all time high in the future or the price going down. One thing though is that those who have been in the market for so long, have almost seen everything. So even if the price is going down, we remain resilient, we become smart investors and then we wait for the right time for the price to bounce and usually it happens specially after the halving as it is the catalyst for a bull run. So what we need is more patience, we need to stay focus and at least wait at the end of the year because there is also that possibility that we might reach 6 digits this December or close to it.

Well that is because there are millions of people, some very rich, who may think opposite of what we think, and that's the important information we need to keep in mind. Some people look at charts, or sometimes not even look at anything, and they say "I believe bitcoin will go X direction", it could be up or down, doesn't matter.

However, nobody asks "what do I think general public or the majority thinks the direction will be?". Because if you know that, you probably know where it will go. Do not consider yourself as the point, consider the market as the point for it. If you take the market and see what people are inclined to do at that moment then it is quite likely that you are going to end up getting richer that way.