Could 72K USD be the peak for this bull run?

[Ascended_Intellect]

Hello All,

Hope everyone is well!

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.

Thanks everyone!

[passwordnow]

Will 76K USD (60K GBP / 70K EURO) ever be reached

Yes.

Could 72K USD be the peak for this bull run?

No.

You have mentioned two prices for your thread and $76k isn't far from $72k and that's the beauty of Bitcoin. We might see some quick $5k gain in a day or so and that's why don't be confident with that price because it might surpass that for this bull run. And the long awaited breaking of 6 digits might come anytime soon but most likely, the predictions are telling that they're expecting that to come by 2025.

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

I understand and you just want to know everyone's opinion of the current status of the market. So, it's now time for you to share what's your take and belief on this matter to see what's your stand about how high or low Bitcoin can make in your honest opinion and analysis.

[ololajulo]

I'll answer you because you're a newbie. I don't support or engage in Bitcoin price predictions, but I'm confident that 72k is just the beginning of the bull market. The timing and extent of the price surge are always unexpected and unpredictable. Therefore, make investment decisions independently and without being influenced by social media sentiments

[Sandra_hakeem]

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.

We don't have much time.... In a few years to come, I/3 leftover of unmined coins will be mined and, at that time, the value is expected to reach it's peak. So judging from that perspective, coupled with the past events that fuels it's entirely reaction in every 4 years, I can say that Bitcoin hasn't superceded its ATH just yet... We're definitely gonna be ushered into a new phase of ride with the surge.

"Seems like yesterday already and, almost everything has changed - although Bitcoin is still in shape, the gospel has been said and people have converted - their earnings, savings and everything"... If one had the ability to see the future, one would advice himself to keep staking up... The surge is on its way!!!

[CODE200]

Can't say for sure because bitcoin is a volatile asset and it has surprised a lot of people in the past, I don't think it's even worth doubting what boundaries in prices that bitcoin break anymore because people have witnessed it so many times that it's stupid of you to do any kind of doubting and the demand for bitcoin is slowly growing everyday which counts as a factor to the possibility that this might not be the peak, there's still a long ways for the market to pump in prices so better if we just wait and believe in bitcoin. Hodl your bitcoin and trust the process, don't stray away from your goal because once you do, there's going to be a regret for you.

[Orpichukwu]

Before the recent decline in bitcoin price, we already saw about $71,300 as of the last price I captured when I checked it yesterday, so $72,000 is just something that can be achieved even before a week.
 
I was expecting you to ask questions like $90,000 and above on this upcoming bull run. Only then can we start cracking our brains and making our own assumptions and speculation too, because for me, I personally believe that Bitcoin might see $100,000+ this coming bull run. I don't know when that will happen, but I'm certain it's going to happen.

[peter0425]

Mate, you need to have some patience and confidence in bitcoin. It might be facing some resistance but soon enough it will reach 72k and from there on it will reach great heights. Then everyone will be happy and generating profit. This question should never be a question in the first place. Bitcoin will still rise, we just need to wait.

[BitMaxz]

No one knows if it was the peak price it actually failed to break the $71k level or above $72k and as you can see there is a huge liquidation above $72k and we always know that the market wants to sweep them before it drops.

And it's too early to see the new ATH I expect to see above $73k in September or December and the current BTC price action is following the symmetrical triangle flag it has already touched on the resistant level on that flag so there is a big probability that we will see bearish week because the retest at that resistance level seems already done or maybe it is just a retracement and soon it will retest again at that level if it break the $72k we should see $73k this week then huge drop again. That's just my prediction according to the daily time frame patterns.

[Potato Chips]

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD  

[PereiraBonus]

I think there will be more

[Reatim]

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD  

Same here if we look at the past prices of the previous bull runs, we can see great growth. After the 2nd halving which occurred during 2016, the price of bitcoin was 900 usd closing the year with that price. By the end of 2020, its price was trading for 18k usd. Just look at what could we achieve if we were to hold for that long.

but I am expecting bitcoin to reach 75k to 80k usd very soon. I don’t want to jinx it by saying it will happen by the end of the month but I am hoping it will. I think bitcoin could end this year with 100k usd as its price.

[thecodebear]

Hello All,

Hope everyone is well!

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.

Thanks everyone!

You must be new to Bitcoin. No, this is the base of the bull run, which is generally expected to take place over the next 12 months or so. It's the start, not the end.

[btc78]

Hello All,

Hope everyone is well!

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.

Thanks everyone!

You must be new to Bitcoin. No, this is the base of the bull run, which is generally expected to take place over the next 12 months or so. It's the start, not the end.

Well op just registered last year of September so it is safe to assume that this might be their first rodeo.

Bitcoin’s bull run typically runs for almost 4 years but it does not exceed those numbers. I don’t think there is anything to worry about just yet. You might not see a lot of gains as an investor if you are this impatient.

[Rruchi man]

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD  

Chart analysis of the movement of bitcoin on a long time frame will show you that the market is an upward trend. The market value of bitcoins is already not far from 72k USD, so it cannot be the peak.

[adultcrypto]

Hello All,
Hope everyone is well!

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.

Thanks everyone!

There is a high chance this was your entry point and so far you are in drawdown and seeking opinion. If that be the case, what you need is just a minor change of mindset and you won't be asking this kind of question that is full of panic. If you are asking this question so you will be able to sell and take your lose before it get worse, I will advise you to be patient with bitcoin because it is not a fast money investment even though sometimes you will see big profit within a very short time. If what you invested in is not a borrowed money but money you can leave in bitcoin for a long time, simply leave it there for now because there is high chance we will see $100k within this market cycle. This is not a financial advise though but the information can help you manage your emotions.

[Halime Anatolia]

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD  

Chart analysis of the movement of bitcoin on a long time frame will show you that the market is an upward trend. The market value of bitcoins is already not far from 72k USD, so it cannot be the peak.

That's right, conditions are still very good, even though today and currently the market is in correction, I hope that the increase and bullrun will be fast and the phase that many people have been waiting for, that after the halving, prices will be pushed up, will be found quickly. The public is eagerly waiting for it BTC price is now $69,230.

[mich]

Well it is something we all want to know answer to that. And now we are less then 70 k for each coin but I think it will go back up fast.

For me I do think we are going to see a higher price then 72 k. Even if price is down now it is still a 'bull run' so there is alot of profit we can make if we hodl.

[buwaytress]

A full blown bull run for me is when we reach crazy gains (lmao sue me) similar to what happened on previous havings several months after so if we were truly on a bull run, I'm expecting more than 72K USD  

I'll sue you if it doesn't happen ha. I don't think Bitcoin has done anything near what it has in previous cycles. No crazy rush to the top, leaving everything else quivering in its wake.

Then again, no sudden devastating crash yet -- this is what I have been wating for. Think there 's a lot of gas yet from ETFs.

[kentrolla]

Definitely not, I am surely Bitcoin is just one pump away from breaking this barrier through it has struggle to cross to march towards $80k couple of times but that shouldn't be considered as a drawback but rather these are signals that Bitcoin is trying hard to break this stigma. I got your point where you are coming from because in the past once the ATH used to be breaches we users to see massive pump which didn't happen this time but it would eventually happen since this cycle is completely different from the previous ones.

[348Judah]

Playing devil's advocate here, this isn't my personal belief but in fact a viewpoint that I would like opinions on.

Will 76K USD (60K GBP / 70K EURO) ever be reached, no price is certain with BTC as we all know but hearing personal theories is welcome relating to price.
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Bitcoin is not stable and since we have realized about this fact concerning it, we should know well and understand what it's being meant when we are considering the market nature of a volatile digital currency like bitcoin, it will always be that we see it appearing this way in other for everyone interested onnthe network to find a means of entry and their own reasons for making profits as well, with the illustration from the example giben on the current market price, it can still be above the normal rate seen now as the network demands and supply remained, the value will also increases along.