Are we going to experience above $80k in this month of July.

[Aanuoluwatofunmi]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

[South Park]

It's too soon...we have hardly recovered from the dipping markets experienced and we want to talk hard ball of being bullish already ..comeon let's give BTC a break

And already there is so much politics going on thats affecting Bitcoin at the moment which makes it very volatile as it can easily lose or gain momentum and not forgetting the psychology barrier that exists around 74K...you know what 80K isn't happening anytime soon, perphaps we give it to the end of the year then we stand a chance.

The uncertainty of the US election is bound to affect all the markets, as at this point it is very difficult to tell who is going to win as things are moving at an incredible speed on the race to the white house, so it is likely that until the election is over there will not be enough strength for the bulls to push the price that high, which is a good news if you think about it, as this would mean that you will have several months to accumulate even more bitcoin.

[Mr.right85]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

Am however expecting the opposite for sure. A couple of activities have been attributed to be the cause of the pump we have now which is, largely due to the US polls given that, Trump is been so pro-Bitcoin of late, the attempt on his life called for more support and have been backed by some of the giants in the internet world. So we might have just a pump for a time and with the days fast bringing July to an end, $80k seems an impossible price. Price is still creeping as it is, it’s just not feasible in this month.

[Don Pedro Dinero]

It is a pity that there is only one week left in the month and it seems quite clear that the price will not reach that figure. Actually, looking at the graph of the last 6 months, the price has been quite flat for the last 4 months. But patience, I think it won't be long before the rise starts.

[TravelMug]

It is a pity that there is only one week left in the month and it seems quite clear that the price will not reach that figure. Actually, looking at the graph of the last 6 months, the price has been quite flat for the last 4 months. But patience, I think it won't be long before the rise starts.

But so far though, if you look as per month statistics, Bitcoin is up +4%-5% already. So that is big jump from last month -6.96%. So it's not that we are flat in the last 4 months. Or maybe the market is in the sideways or downside after reaching new all time high.

However, as you have said, patience is the key. We might heard news about the Mt. Gox moving billions again, but if we look at the price, we are still very much strong this month. $80k though is not going to be breach, that is too big to jump as we have only a week left this July.

[Rabata]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

Last week the market was slightly bullish but this week it is gradually moving towards bearish position.  In the last 7 days, the price of Bitcoin was the highest at 68,000, from there it is now slightly lower and is standing at 66,000.  We can certainly expect this price to move upwards again in the coming weeks.  But it is not expected that the market will rise to 80,000 by next week but if I guess 70,000 then it is not impossible.  Bitcoin prices will definitely rise but we may be able to see this reflection in early August if not July as the market is still giving green signals.

[EarnOnVictor]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

Noted friend and I respect that, but it seems you are still not deeply rooted in chart reading, especially if you are not considering the long-term disposition. I've seen a friend arguing heavily with me about Bitcoin but in all of our arguments, I always win 100%. Later I asked him what timeframes he was using, and he said 15m timeframe. I shouted because I felt my time was wasted even arguing with him in the first place. Such like him can never get the main trend of the market but the lousy noise of the unbalanced market waves.

A true chart reade will always consider the higher timeframes above anything, while a better one will consider both the small and large timeframes to come to a reasonable conclusion by averaging their reading. If the latter is to be considered, you would see that there is nothing undecisive with the market, and presently, the bias is still bullish. Now, if Bitcoin can hold above the 1D TrendMagic line at $64,185 and the 1W level at $62,120 of the same S/R strategy, it will continue buying. But it may only retrace at times, just as we witnessed yesterday.

[CageMabok]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

It seems that a bullish trend could still emerge this year with signs of increasing prices in Bitcoin because from the time of the decline in this month I see that in order to recover to a higher price, Bitcoin does not need much longer for that. But for the $80K price range, it looks like we all still have to be patient with a greater sense of optimism because current market conditions still allow for another small correction in the price of Bitcoin itself so we need to see new price achievements by Bitcoin in the next few months.

[LogitechMouse]

~
I think it will going to move above $80k in this month of July before the lowest price will surface in the market for people to know the bear season has started again.

The current price of Bitcoin is at $66,000 and we still have 1 week left for the month of July.
Is it still possible? Yes, but how realistic is it? Not realistic at all so in short, it will not happen.

The recent drop down on the price of Bitcoin that caused by the German government and the sentiment around Mt. Gox really caused this prediction to not happen although I believe that Bitcoin will reach $80,000, it will not be this month. A realistic prediction is that, Bitcoin will reach $80,000 at least this year. The only question is when it will happen. It might happen in the next months or it might start when Trump wins the US election. We might seen a bit of an increase to the price of Bitcoin, but it isn't enough for it to reach the price target OP gave.

However, this recent price move of Bitcoin might be the start of the bull run, or it might not, but one thing's for sure, it's still a good time to dollar-cost average in preparation for the bull run.

[jaberwock]

From the way of the market performance this days, we may likely see the market getting to $80,000 or more at anytime from now, since in the couple of days now, we have already been seeing the market pumping and also dumping in the same way, which is a sign that there is more high volatility coming in soon as the sentiment against the rise or fall is continuously felt, we may not be accurate in predicting the direction base on the market performance now, on whether we are heading towards the bullish or bearish trend.

Noted friend and I respect that, but it seems you are still not deeply rooted in chart reading, especially if you are not considering the long-term disposition. I've seen a friend arguing heavily with me about Bitcoin but in all of our arguments, I always win 100%. Later I asked him what timeframes he was using, and he said 15m timeframe. I shouted because I felt my time was wasted even arguing with him in the first place. Such like him can never get the main trend of the market but the lousy noise of the unbalanced market waves.

A true chart reade will always consider the higher timeframes above anything, while a better one will consider both the small and large timeframes to come to a reasonable conclusion by averaging their reading. If the latter is to be considered, you would see that there is nothing undecisive with the market, and presently, the bias is still bullish. Now, if Bitcoin can hold above the 1D TrendMagic line at $64,185 and the 1W level at $62,120 of the same S/R strategy, it will continue buying. But it may only retrace at times, just as we witnessed yesterday.

Unfortunately a lot of people will not realize their mistake until it's too late. In any case, I personally do not spend my time with arguing anyone anyway, I have my opinions and if you want to change my opinion then you need to provide me some data, not your opinion.

If someone just "says" what they think, then that's not enough, anyone can say anything, I can say that bitcoin will be 1 dollar tomorrow, or 1 million dollars, just because I said so, doesn't make it possible or even logical. If you want me to believe you, show me some chart, some indicator, any type of data, that backs your claim ,so that I would consider if what you are saying is possible or not.

If you provide me with something like that, then I would start to believe you, and that would not be all that bad, it can be done. I believe that we are going to face a lot of trouble if we are not careful, and because of that I think it needs to be done carefully as well, not really argued over internet. Those people, like your friend who used 15 minute charts, will not provide you any data that would make sense, and if they did, you would have seen the interval, and would understand why they are wrong, so always ask for data to back their claim.