So is 80k by may on the way?

[Ishicryptic]

we keep knocking at the door 🚪 of 80k.

here is hoping we get there soon. 🔜

It has happened the way you hoped it would but the question is, are we expecting to see Bitcoin price moving towards $80-85k from now on? Is not going to be easy for the market price to boost to $100k too soon, we know but now we have $80k which didn't just happen in the next 3 week, it took us the whole of the first 4months of this year before we saw this very $80k, from now we should be expecting the market price to be around $80-82k, I hope it doesn't go down below $80k. Sometimes I just wish our expectations works more than we see the price go down.

I won’t be surprised to see bitcoin reach below $80k this month. It may just dip into $79k or less. But there’s got to be something major to happen for bitcoin to dip into low $70ks again. If things get better overall for the world, good news pile up, then bitcoin might get close to $90k this month.

Firstly I want to congratulate OP for keeping the faith about Bitcoin entering $80k in May, despite all the uncertainties of seeing it nearing $80k throughout last month it happened that it slightly cruised past his target but sitting at $81k presently. Where it goes from here is another uncertainty and I guess we're going to speculate according to our perspectives until we know where it is headed either uptrend or downturn. I'll keep my fingers crossed, if it cruises to $90k then I can hope to see $100k but if it dip then it's still bear run, although I'm not expecting to see bull run anytime soon.

[summonerrk]

Market participants actively bought back the dips. Daily low of $79,200. It seems they can't consolidate below $80,000. All crypto publics have already marked the $80,000 level as strong support, and that candlesticks on longer timeframes won't be able to consolidate below this level and will return to their positions.
Futures have seen a slight increase in short bias. I expect the $79,000 - $81,000 range to remain until the US payrolls are released. There is no positive trigger for a short squeeze.Spot Bitcoin ETFs showed an outflow of $277,000,000 yesterday.
There's no progress yet in the situation around Iran. And a fixing and reduction of risk positions is more likely before the weekend.

[STT]

Lows of today are a weekly average so technically BTC is still trending positively.  The recent high was very near to the 200 day average which is descending still.  Its fair to conclude we need the 200 day average to be ascending not descending before any positive move can truly be trusted to last more then briefly and with any big momentum upwards.

  The last time we had the 50 day average above the 200 day moving average was November, seems like a long time ago.  It is possible to get that reversal but its the weight and time to proceed with that change thats hard to do.   80k might be the mid way for now, I think positive actions happen but not on cue exactly.  My general watch for that is just having price action put in volume above 75k then we are making positive developments.

[Orpichukwu]

i think we already touched 80k this month, which is a good one but staying at 80k might be a little bit difficult but we all still hope it does.
thee period have been one o the periods i have paid so much attentions to the price movement o the coin and this is because i want to see it do better and even though i know the bear market might take some good time, i still try to see the positive sides o the bear market and try to figure out some more opportunities during this period.

It's just a few days into the month of May, and Bitcoin has already shown this green sign; we should expect more. At the same time, we should not keep our hope too high; it's better to be looking at the market with a bearish eye and get surprised with bull movement than for us to hope big and get disappointed by a bearish market that's seeing the market revise below this $80k.

[Odusko]

80k in May will we stay!!!!

Yeah, let's move over lets, let's watch the baby bull grow.

Let's see how it goes. The month is just getting started and now that we have touched $80k, that shouldn't be hard again and if there is nothing too much happening around the world that could bring it down, surely we will see it on $80k until the month ends.

Statistically bitcoin have retained the 80k benchmark and even crossed over to around 82k and this is a big price achievement ever since the last drastic deep in the price of Bitcoin, the market recovering at this point have build up enough liquidity that is why we see that even though with all the pressure for push back the price to below 80k, bitcoin have been able to reclaim back each time, and the next expected phase for the market is 85k going forward.

[philipma1957]

I would love to see 90k 🔜

[colinistheman]

I would love to see 90k 🔜

There is no doubt about it, based on what Bitcoin is showing and market sentiment has shifted to a clearly bullish state. Bitcoin reaching $90k is well within reach and is only a matter of time.
However, do you think the bear market is over, and could the $60k be the bottom of this cycle? Or is this just a temporary recovery, and will the 2019 scenario repeat itself?

I still think that the market cycle has not yet completely broken down.

[Cointxz]

I would love to see 90k 🔜

Slowly price growth and steady. I like the current price movement of Bitcoin which I believe 90K prediction is plausible for the current month considering that price keeps battling just to stay above 80K.

It’s either this month or early June. There’s no FUD news recently that can make the price plummet again while every progress or no news at all is a good sign for Bitcoin slow price movement upward.

[Olatundespo]

I would love to see 90k 🔜

There is no doubt about it, based on what Bitcoin is showing and market sentiment has shifted to a clearly bullish state. Bitcoin reaching $90k is well within reach and is only a matter of time.
However, do you think the bear market is over, and could the $60k be the bottom of this cycle? Or is this just a temporary recovery, and will the 2019 scenario repeat itself?

I still think that the market cycle has not yet completely broken down.

The market may change very soon as you expect. The price of Bitcoin is fluctuating between $80k, which means that the possibility of $90k or $100k within this month cannot be ruled out. There is no sign of a market decline again. There is a trend to stop the war and establish peace in the world.

With the increase in the stability of the peaceful situation, a positive promising environment will be created in the financial sector. Stability is one of the factors for the increase in the price of Bitcoin. But it cannot be said that the bear market is completely over because there is an effort in the market to expand the buying area for big whales. As part of that effort the price may fall for a short time but that possibility is very low.

[summonerrk]

Bitcoin has been growing for the sixth week in a row.This is the longest streak since December, but then declined after testing its two-hundred-day moving average. As for the crypt, we received the second day in a row of outflows from ETFs. Yesterday it was stronger, today it was slightly weaker, but outflow is outflow. Minus 145 million dollars. Perhaps that is why we so easily flew away from 82k, and now we will be in the corridor between 80k and 82k. It is difficult to predict because inflows and outflows are an unpredictable thing, we'll wait and see.

[Silikiem]

I would love to see 90k 🔜

There is no doubt about it, based on what Bitcoin is showing and market sentiment has shifted to a clearly bullish state. Bitcoin reaching $90k is well within reach and is only a matter of time.
However, do you think the bear market is over, and could the $60k be the bottom of this cycle? Or is this just a temporary recovery, and will the 2019 scenario repeat itself?

I still think that the market cycle has not yet completely broken down.

The market may change very soon as you expect. The price of Bitcoin is fluctuating between $80k, which means that the possibility of $90k or $100k within this month cannot be ruled out. There is no sign of a market decline again. There is a trend to stop the war and establish peace in the world.

With the increase in the stability of the peaceful situation, a positive promising environment will be created in the financial sector. Stability is one of the factors for the increase in the price of Bitcoin. But it cannot be said that the bear market is completely over because there is an effort in the market to expand the buying area for big whales. As part of that effort the price may fall for a short time but that possibility is very low.

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

[Umulala-alala]

I would love to see 90k 🔜

There is no doubt about it, based on what Bitcoin is showing and market sentiment has shifted to a clearly bullish state. Bitcoin reaching $90k is well within reach and is only a matter of time.
However, do you think the bear market is over, and could the $60k be the bottom of this cycle? Or is this just a temporary recovery, and will the 2019 scenario repeat itself?

I still think that the market cycle has not yet completely broken down.

The market may change very soon as you expect. The price of Bitcoin is fluctuating between $80k, which means that the possibility of $90k or $100k within this month cannot be ruled out. There is no sign of a market decline again. There is a trend to stop the war and establish peace in the world.

With the increase in the stability of the peaceful situation, a positive promising environment will be created in the financial sector. Stability is one of the factors for the increase in the price of Bitcoin. But it cannot be said that the bear market is completely over because there is an effort in the market to expand the buying area for big whales. As part of that effort the price may fall for a short time but that possibility is very low.

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

There has been some recovery in the market as the price of bitcoin is gradually increasing but since it's a volatile asset we can't know what will happen to the price next if it will drop in price or increase above $80 before the end of the month. In the future i believe that the price of bitcoin will increase $100k again so as are speculating about the price of BTC we shouldn't also forget to continue buying bitcoin and hodl so we can benefit from bitcoin in the future.

[Smack That Ace]

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

What are the signs that a bear market has ended? What guarantees that the $60k is the bottom of this cycle and that we will not return to that price?

I know many people fear that Bitcoin will fall in price again for a variety of reasons. However, let's be realistic that Bitcoin is unpredictable. It could continue to rise and reach an ath, or it could reverse and fall back down at any time. Nothing is certain or absolute in the market, we should plan for both scenarios.

[Canves]

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

What are the signs that a bear market has ended? What guarantees that the $60k is the bottom of this cycle and that we will not return to that price?

I know many people fear that Bitcoin will fall in price again for a variety of reasons. However, let's be realistic that Bitcoin is unpredictable. It could continue to rise and reach an ath, or it could reverse and fall back down at any time. Nothing is certain or absolute in the market, we should plan for both scenarios.

You are right. There is no signal in the market about Bitcoin that can tell us 100% with certainty that $60 was the lowest price for this cycle. It is also difficult to say where the highest price will go. The price of Bitcoin is a possibility. It is difficult to give a guarantee.

[philipma1957]

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

What are the signs that a bear market has ended? What guarantees that the $60k is the bottom of this cycle and that we will not return to that price?

I know many people fear that Bitcoin will fall in price again for a variety of reasons. However, let's be realistic that Bitcoin is unpredictable. It could continue to rise and reach an ath, or it could reverse and fall back down at any time. Nothing is certain or absolute in the market, we should plan for both scenarios.

60k x 1.2=    72k 20 percent uptick 1st sign we are bulling
60k x 1.25 = 75k 25 percent uptick 2nd sign we are bulling
60k x 1.3=    78k 30 percent uptick 3rd sign we are bulling
60k x 1.35 = 81k 35percent uptick 4th sign we are bulling

It is 2026 2 years after 1/2 ing  show me those four rally points in year 2 after the 1/2ing

Show me these numbers in 2014
Show me these numbers in 2018
Show me these numbers in 2022

We did something like this In 2019 which was 3 years  past the 2016 ing

But this sustained rally has not happened in 2014, 2018, 2022 it is a bit different

As was passing the 2021 bull of  69k prior to 2024 1/2 ing this also never happened.     << i did an edit

[Stormisover]

I would love to see 90k 🔜

There is no doubt about it, based on what Bitcoin is showing and market sentiment has shifted to a clearly bullish state. Bitcoin reaching $90k is well within reach and is only a matter of time.
However, do you think the bear market is over, and could the $60k be the bottom of this cycle? Or is this just a temporary recovery, and will the 2019 scenario repeat itself?

I still think that the market cycle has not yet completely broken down.

The market may change very soon as you expect. The price of Bitcoin is fluctuating between $80k, which means that the possibility of $90k or $100k within this month cannot be ruled out. There is no sign of a market decline again. There is a trend to stop the war and establish peace in the world.

With the increase in the stability of the peaceful situation, a positive promising environment will be created in the financial sector. Stability is one of the factors for the increase in the price of Bitcoin. But it cannot be said that the bear market is completely over because there is an effort in the market to expand the buying area for big whales. As part of that effort the price may fall for a short time but that possibility is very low.

Bitcoin market has been showing significant signs of recovery for the past couple of weeks which is a good indicator that we are gradually moving over from the bear market. Not ruling out anything In bitcoin volatility but i think there’s no sign of it going back to $60 as it was just few months ago. Hopefully it will be over the $80k mark it’s been revolving around and possibly hit $90-100k by the end of May

The days are running so fast in this month of may, there is no surprise about the momentum bitcoin has gained recently, people were right about their speculation of what we are seeing right now and more the thread got it right but however, the revolvement can likely be more possible to be within the $80k-$90k when considering this month happenings, I don't really want to get too comfortable that the market can get up to $100k this month even though it doesn't seem unrealistic and secondly we should also keep mind that it can as well come down again before navigating upward afterwards, this kind of reactions are no longer new which is best we get used to them.

[ASloveapg]

There has been some recovery in the market as the price of bitcoin is gradually increasing but since it's a volatile asset we can't know what will happen to the price next if it will drop in price or increase above $80 before the end of the month. In the future i believe that the price of bitcoin will increase $100k again so as are speculating about the price of BTC we shouldn't also forget to continue buying bitcoin and hodl so we can benefit from bitcoin in the future.

Bitcoin will definitely go to a much bigger level in the future, I personally fully believe in this. However, when we think about the market situation at the moment, each of us has a excitement or restlessness about where Bitcoin will move from the level it is at the moment. No one knows for sure, but I expect it to go a little higher now, Bitcoin is now $80k, and there are still about 20 days left until the end of this month, can we see $85K this month? I think it is possible, what are your opinions?

[kawetsriyanto]

Of course, he was not making prediction based on personal expectation like many other. He must have done a thorough analysis before making that statement. However, at the end of the day, it is just a prediction, and there are no guarantees.

Basically, the prediction was reasonable because it was nearing the targeted price ($80k). Sure, it must be also through analysis, it wasn't random guess.

Perhaps I do not know him as well as you do, but I have seen many of his predictions on the forum. To be honest, just like us, many of his predictions never came true.

We know the habit of each forum member and their reputation. So, we actually don't need to know anyone personally. Sure, his predictions are quite accurate, many of them came true. 

About a week or two ago, I saw many predictions on X suggesting that bitcoin would reach $85k-$90k in the coming month. Let's see if they are right.

That level ($85k-$90k) is still very possible to reach in the next few days/weeks. However, I think we must prepare for another huge decline after reaching that level. I'm sure, the bearish trend isn't over yet.

[Iranus]

However, I think we must prepare for another huge decline after reaching that level. I'm sure, the bearish trend isn't over yet.

I agree with you on this point. Although we cannot be certain that will happen. However, just because Bitcoin reaches $90k or more this month or next month. That does not mean it will never huge decline again, that possibility still exists.

I can not say for sure that the bear market is not over yet, but I do not rule out the possibility.

As wise investors, we should prepare for all possible scenarios, rather than placing our faith in a single scenario without any certainty.

[summonerrk]

Institutions continue to enter Bitcoin ETFs, while retail remains cautious; And the dollar and gold are temporarily losing their safe haven status. Market movements have become very sharp and most traditional correlations are broken.
Bitcoin maintains the psychological level of $80K, holding an uptrend since April. The next week promises to be volatile. Main drivers:
1. Geopolitics - Hormuz, US Iran negotiations.
2. Trump's visit to China (May 14-15)
3. US inflation Data
4. Continuation of the reporting season. But overall, I think we'll stay above 80k.