[Fun] Bitcoin going to $78000/$80000?

[rbynxx]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

Well, going up is definitely a good one and you can tell that it is fun.

Who cares tbh, we will see that figures again right here or in the future. I'd say we may see that accumulation phase for bitcoin and that's more a good sign rather than seeing that pump that is so massive, that's more healthy and organic.

[AakZaki]

-snip-

I myself continue to accumulate at the price of $69500 - $70000 at least hoping there will be a short term breakout to take profits. If it can break out at the price of $71300 it will be much better.

The narrative made by Traders vs Investors is often different pay attention to the comments of those Investors, as if they see the raw price and then they mention the price without any basis.

The difference I am saying is very basic and according to what happens, the Trader is always guided by the chart pattern that occurs and can earn a Profit. while investors don't know what the basis for they mention the price. I just thought that they just made a statement to increase the number of posts, but didn't make any entries. Lol

[AVE5]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

As at this week bitcoin has showcased bullish ness surpassing $70,000. If this speculation is for the entire month of March, I think we're probably going to see $75,000 or above if the market volatility is going to realize another uptrends support before the month ends.
Note that we recently saw $74,000 and once the $75,000 restriction, then it should be a headline towards $80,000 which I believe we can achieve in due time but not sure if this will happen anytime soon.

[Orpichukwu]

For me what I think is that Bitcoin is going no where for now because I believe it's just going to be revolving around the rate of 70k and 65k, all this small push is just temporary and I believe before the market reaches next week it's gonna correct back and stay inline of the price range of 65k-70k although not sure how long this actual movement will last but couple with al the things that currently happening in world especially with the war I don't see any green movement anytime soon.

It's likely possible for it to remain within $70k, but it's not impossible for it to reach $78k since it has seen $74k twice this month. That can also still be achieved. We all are just speculating, but still, I have more belief that the market will not touch $65k again until the end of March 2026, the same way I'm not expecting it to reach $80,000, and if that does happen, we take it as a positive surprise.

[jossiel]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

Let's wait it first to see it break the barrier of $75k and from that point, we move step by step by waiting for the next barrier it will break.

I want to assume that it will be as good as last year for this year. But, the cycle of the bear market is what makes me think of being comfortable at what it does right now.

We'll see it soon because the first quarter is near and we're moving to another month in the next 2 weeks or so and there can be a lot of things can happen globally that can affect its price.

[Powerjumboo]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

We can see that Bitcoin has gone from $70,000 to $73,900 today and is very close to $74,000. If Bitcoin can create a strong area around $70,000 then I think Bitcoin will make a good position by this March and some more good news like the war between the US, Israel and Iran ending I think will have a very positive impact on Bitcoin and the price of Bitcoin will go up. But I believe that Bitcoin can be between $78,000 and $80,000 by April.

[Strongkored]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

$80,000 isn't a far-fetched figure at the current price, so it's possible, but when? We don't know because we can only predict. Predictions can be right, but they can also be wrong, as we never fully know where Bitcoin will go.

I hope it can be reached soon to take a little profit from the recent low, but because the current market is bearish, the price trend will still tend to fall even after it rises.

[GreatArkansas]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

For me, the more we stay above $70,000, especially on every daily close. It is just making it a more bullish case short term, right now, every $10,000 will be acting as support and resistance, like before, $60,000, now $70,000, next $80,000.
So for me, Bitcoin doing like this price action lately is better than experiencing huge volatility like instant pump or dump in a short period of time.

[retreat]

There are still 16 days left before April, and in this short timeframe, it's quite difficult to predict whether Bitcoin will rise above $78k USD. But from what I've seen, Bitcoin is stuck at $73k USD, so if Bitcoin can't break through that point within this timeframe, we won't see it reach $80k USD. However, if Bitcoin does break through that point or at $75K USD, it could potentially continue to rise to $80k USD and maybe more than that if the market situation is good enough.

[Pi-network314159]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

We can't really tell if 70k is the support or if it is going to hit $80k or $75k but we are anticipating and hoping it recovers soon. But I sense that Bitcoin really want to make $7p a great support because all price has been hovering around 68k 70k or 73k and so on. This shows that it is within the ballpark of $70k. Maybe from here Bitcoin will set another support at 80k..

[Josefjix]

Bitcoin is going to rest at the 70k region for a short period of time, this is the point at which the momentum will build up for another ATH strike which will occur years to come, maybe 3 years to come.

Bitcoin price will be fluctuating between 65k-70k for a longer period of time, so no investor should be expecting another bull soon, that isn't coming soon.

The best option to take now is preparing oneself to accumulate more of Bitcoin and never seems to get tired of it.

[Bitcoin_people]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

Currently, Bitcoin candles seem to be forming a strong support at $70k, which we can trust. Since Bitcoin is already fluctuating between $70k and the candles are getting stronger at a stable price, the market is likely to move upwards. In this situation, the Bitcoin market has entered a phase and we can see something more positive in the coming days and the market is likely to exceed $80k. Looking at the recent market situation, we can definitely rule out that Bitcoin price is likely to occupy the $80k position within this month. The situation looks very good.

[STT]

For the moment its looking good in the volume accumulation, 80k would seem more probable.   Price is just under the 50 day average, not by much and that false ceiling lends me more confidence to suspect an attempt higher will occur.   That attempt and its strength will be the proper test, I would guess it would at least be tried but I cant guess whether it will succeed just yet.

Its good this is just a fun speculative topic because the more sedate advice would be the 50 and 200 day average both have to be ascending.  Even if we trade above the 50 day average it will remain negative (trending) and so much caution must remain in any expectations.

[Zaguru12]

Bitcoin is going to rest at the 70k region for a short period of time, this is the point at which the momentum will build up for another ATH strike which will occur years to come, maybe 3 years to come.

Bitcoin price will be fluctuating between 65k-70k for a longer period of time, so no investor should be expecting another bull soon, that isn't coming soon.

We are in consolidation period and as such I agree with your sentiment that bitcoin will most definitely be ranging for a longer period of time before an any seriously direction is taking. For me bitcoin is actually having strong resistance at that $75k and with the primary resistance already at $70k market will frequently be going up and down this place and not actually allows a real break out.

The sellers in my opinion are still very well in charge of the market right now although buyers since the start of the war are gaining momentum but it’s the sellers who are actually the most biggest owners at the moment that’s why no matter the positivity in the market it’s actually hard for the buyers to send it higher. The overall or long term market sentiment still remains bearish

[Coyster]

The price is at $71k as i type this right now and i do not think we are heading to $78k and above anytime soon. The war between the U.S. and Iran has not had any devastating effect on the price of bitcoin, but i am pretty sure it has moved inflows out of bitcoin a bit and into precious metals like gold and silver.

If we are to get to $80k, then there has got to be some positive news coming from somewhere, something that would shift investor confidence and attract inflows to bitcoin.

[fuguebtc]

The price is at $71k as i type this right now and i do not think we are heading to $78k and above anytime soon. The war between the U.S. and Iran has not had any devastating effect on the price of bitcoin, but i am pretty sure it has moved inflows out of bitcoin a bit and into precious metals like gold and silver.

If we are to get to $80k, then there has got to be some positive news coming from somewhere, something that would shift investor confidence and attract inflows to bitcoin.

If you track cash flow from ETF, you will see that before the war broke out. That is, in January and February, ETF often had negative cash flow. However, when war broke out in early March, ETF were consistently recording positive inflow. This means money is flowing into the market, not out, and that could be why bitcoin is not being dumped despite escalating tension. There was even a time when Bitcoin rose to $74k

Furthermore, if you look at the price of gold, it has not increased at all compared to before the war


But it is difficult to know whether the inflows currently entering the market are enough to push Bitcoin to $80k in the near future.



https://www.coinglass.com/etf/bitcoin

[Olatundespo]

You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.

Will this hold and bitcoin will increase almost up to $80000 or more than $80000?

Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?

The price of Bitcoin is at a level that has not dropped or risen significantly since the invasion of Iran. Israel and the US forces are gradually increasing the pace of the war and due to this, the supply of oil in the world is being disrupted. Many countries have experienced a fuel oil crisis and are gradually experiencing price fluctuations. It is feared that the price of oil may reach $200 per barrel. If this happens, it will be disastrous for the world because the price of every product will increase with the increase in oil prices.

With the increase in inflation, poverty may increase and its impact will be felt in the capital market and the price of Bitcoin is likely to decrease. There is a possibility that more force will be used on Iran to deal with the oil crisis in the world and the crisis will intensify. This will be a very likely thing. The price of Bitcoin has not seen much decline during the past wars. Although there is no possibility of a significant price drop yet, it is not possible to make a definitive prediction, but it would be wise to buy Bitcoin regardless of the price.

[michellee]

By still holding $71k this weekend, seems Bitcoin want to break next high price. I am not sure if that will increase to $80k or more since the gap still big but if more pushing comes to the market and lift the price, $80k will only be a matter of time.

We could only hope this will hold and the price increases but if that is not happens, we should prepare for the worst. There is a chance for the price to go down.

The price needs to break $72k, $73k and next high price then get above $75k. That needs time to break unless there is a big pump comes and lift the price.

[knowngunman]

With the way the conflict in the Middle East is going, I doubt that Bitcoin would get to $80k. Maybe if the war ends and crude oil returns to it'snormalprice , it might get to above $70k. My prediction is that there will be a pullback to less than $70k and the price will recover if the global economy stabilises. Short-term traders should buy with caution because we are in an unpredictable situation now.

And do you think the ongoing war in the Middle East has impact on the crypto market? I don't know about the future but at the moment, the war has not visible impacts on the crypto market yet. Suppose the war influences the market, I bet we'll be seeing lesser price around $60k or even lower. Crude oil seems to be the only commodity that this war affected tremendously and you can see how it's price jumps within a few days as the war intensify.

It depends on the time frame, is it within a week? A month? 3 months? If is within a week, then it is less likely. Something fascinating would have to happen for it to pump that fast from $70K to around $78-$80K.

Same question I was about to ask but there is a vote attached to the thread above. It's obvious the poster is referring from now to April (i.e within a month). Even with a month time frame, I don't see breaking the $80k as easy task.