So is 80k by may on the way?

[MusaPk]

On the contrary, it has dumped a little further in today. At the time of writing this, the price of Bitcoin is well around $76.1k although, we all know it could change its direction any moment with any news update but, I don’t expect any in this week and Bitcoin can continue to move in a ranging market with the $80k being its pick for the remainder of this month and possibly, till the first week of next month with that running into the weekends. So, we might not getting any good move towards the bears till on Monday perhaps.

Bitcoin did its best in touching 80,000$ but was not successful. We have see Bitcoin price under $70,000 for many weeks and this is good indication that price is finally going up. The price has gone down a bit but there are chances that price may cross $80,000 soon. On the other side if price keep falling then we have to wait for more to see $80,000. At the moment its difficult to say when we will be able to see $80,000. All we can do at the moment is to keep an eye on price of Bitcoin.   

[Just Say]

Since the price of Bitcoin is slightly below $80K, the price of Bitcoin can touch $80K at any time. Since we have reached almost the end of April, the price of Bitcoin has touched $79.4K at this time, so if there is a slight push, the price of Bitcoin will touch $80K. So of course we can expect good opportunities in the future and on that opportunity the price of Bitcoin can touch $80K, not only that, but I think it will touch close to $100K in May.

Bitcoin has now moved away from that target and I think the biggest influencer behind the increasing pressure on the cryptocurrency market is the Iran-US conflict. However, you are right that Bitcoin rose slightly above $79,000 on April 27th and if it had gained some momentum, it would have reached its target of $80,000 but we have all noticed suddenly there was a severe shock in the market, which turned BTC's bullish momentum into a sudden decline. Another thing to note is that the rise and fall of Bitcoin's core is following this growing oil concern, so at this point it's seems to me if Iran takes away their control of the Strait of Hormuz then maybe this cryptocurrency market will be fully operational again.

[bitterguy28]

Since the price of Bitcoin is slightly below $80K, the price of Bitcoin can touch $80K at any time. Since we have reached almost the end of April, the price of Bitcoin has touched $79.4K at this time, so if there is a slight push, the price of Bitcoin will touch $80K. So of course we can expect good opportunities in the future and on that opportunity the price of Bitcoin can touch $80K, not only that, but I think it will touch close to $100K in May.

Bitcoin has now moved away from that target and I think the biggest influencer behind the increasing pressure on the cryptocurrency market is the Iran-US conflict. However, you are right that Bitcoin rose slightly above $79,000 on April 27th and if it had gained some momentum, it would have reached its target of $80,000 but we have all noticed suddenly there was a severe shock in the market, which turned BTC's bullish momentum into a sudden decline. Another thing to note is that the rise and fall of Bitcoin's core is following this growing oil concern, so at this point it's seems to me if Iran takes away their control of the Strait of Hormuz then maybe this cryptocurrency market will be fully operational again.

more like if us and iran decides on a deal that would work for all countries involved, it would take the pressure of the market and the investors. but even without the conflict, i am not expecting bitcoin too much to rise in price considering we are in a bear market after all.

[philipma1957]

Since the price of Bitcoin is slightly below $80K, the price of Bitcoin can touch $80K at any time. Since we have reached almost the end of April, the price of Bitcoin has touched $79.4K at this time, so if there is a slight push, the price of Bitcoin will touch $80K. So of course we can expect good opportunities in the future and on that opportunity the price of Bitcoin can touch $80K, not only that, but I think it will touch close to $100K in May.

Bitcoin has now moved away from that target and I think the biggest influencer behind the increasing pressure on the cryptocurrency market is the Iran-US conflict. However, you are right that Bitcoin rose slightly above $79,000 on April 27th and if it had gained some momentum, it would have reached its target of $80,000 but we have all noticed suddenly there was a severe shock in the market, which turned BTC's bullish momentum into a sudden decline. Another thing to note is that the rise and fall of Bitcoin's core is following this growing oil concern, so at this point it's seems to me if Iran takes away their control of the Strait of Hormuz then maybe this cryptocurrency market will be fully operational again.

more like if us and iran decides on a deal that would work for all countries involved, it would take the pressure of the market and the investors. but even without the conflict, i am not expecting bitcoin too much to rise in price considering we are in a bear market after all.

60k to 72k is plus 20% bull
60k to 75k is plus 25% bull
60k to 78k is plus 30% bull


if you want bear we need to drop a lot

since we are up between 25% to 30%


yeah i know you are thinking we need to go over 126k to be bull but bull markets start at 20% over the bear’s low

the low was 60k

[alankasman]

more like if us and iran decides on a deal that would work for all countries involved, it would take the pressure of the market and the investors. but even without the conflict, i am not expecting bitcoin too much to rise in price considering we are in a bear market after all.

However I'm sure many parties want the conflict to end soon as this will allow for a successful agreement for all elements globally involved in the current conflict plaguing Iran. Your goal isn't personal gain but ending the conflict might provide a way out allowing prices to stabilize as they did before the conflict. This is what everyone is waiting for so there's no pressure on the market and investors even if an agreement is reached to prevent the conflict from recurring. However the market situation might not be as expected.

[Jubilee58]

Bitcoin is not doing anything unusual. After every bull season, bear season follows. But in the case of bitcoin, this doesn't happen so sharply, bitcoin dumping will happen gradually, sometime it will go up, and some time, it will come down too. However, at this point Bitcoin will do more of dumping than rising sharply.
I believe the next bitcoin bull season is still a bit far, so rising sharply at this point means altering bitcoin usual pattern. Based on this fact, Bitcoin may likely hit $80k by May or not. Bitcoin asset is now becoming less volatile compared to it's initial stage. So while am not too sure of what the price of bitcoin will be by May, I believe if at all their is a price dump, it will not be much, and will still remain within the price of $70k to $78 k.

[summonerrk]

In my opinion, the market is almost completely skeptical of a breakout above $80,000 by the end of April, but is seriously considering the risk of a breakdown below $75,000.
Translated into ranges:
Stay below $80,000~89%. This aligns well with the whale order picture: selling near $80,000 is tightening, momentum is slowing, and the $75,000 zone is becoming a key line of defense. The market estimates the probability of a breakout to $80,000 by the end of April at only 11%, and the probability of a breakdown below $75,000 at around 70%.
At the same time, the market is not yet confident in a deep collapse below $70,000.

[Leahized]

Bitcoin did its best in touching 80,000$ but was not successful. We have see Bitcoin price under $70,000 for many weeks and this is good indication that price is finally going up. The price has gone down a bit but there are chances that price may cross $80,000 soon. On the other side if price keep falling then we have to wait for more to see $80,000. At the moment its difficult to say when we will be able to see $80,000. All we can do at the moment is to keep an eye on price of Bitcoin.   

Bitcoin reaching 80000 can be very easy as per the current market conditions. According to me decision should be made based on current situation. Yes it is true that Bitcoin was hovering below 70k several weeks ago but now it seems that it is not going below 76k. And the volatility of the market will remain forever. So it stores more energy during this time and then rushes upwards. But it is impossible to say exactly,When Bitcoin will reach the desired price. Maybe the war in Iran has not affected bitcoin much but the bull season of bitcoin will not last long because of this problem.

[YOSHIE]

I went for 5 baby bull will grow over 80k in may.

Even though currently it can be said that the market volatility is relatively high, I speculate that the price of Bitcoin in May this year, in my view, is quite realistic to break through to the $80k level. We can see some positive sentiment, many of the investors and experts are boldly speculating that Bitcoin could exceed $80k.

Today Bitcoin still has the green light, it is not impossible that the price of $76k will rise to the level of 80k, the rise in Bitcoin prices will be driven by the inflow of investor funds, this shows the revival of Bitcoin in May.

[Odusko]

Bitcoin did its best in touching 80,000$ but was not successful. We have see Bitcoin price under $70,000 for many weeks and this is good indication that price is finally going up. The price has gone down a bit but there are chances that price may cross $80,000 soon. On the other side if price keep falling then we have to wait for more to see $80,000. At the moment its difficult to say when we will be able to see $80,000. All we can do at the moment is to keep an eye on price of Bitcoin.   

Bitcoin reaching 80000 can be very easy as per the current market conditions. According to me decision should be made based on current situation. Yes it is true that Bitcoin was hovering below 70k several weeks ago but now it seems that it is not going below 76k. And the volatility of the market will remain forever. So it stores more energy during this time and then rushes upwards. But it is impossible to say exactly,When Bitcoin will reach the desired price. Maybe the war in Iran has not affected bitcoin much but the bull season of bitcoin will not last long because of this problem.

Multiple times Bitcoin did attempt to achieve and stay above $80,000 price in the last week, but each time such benchmark is achieved onth Cart there is always a quick pull back from the Market whch make that $80 price seems impossible in the April market phase, but also we shouldn't peak  about may possibility or certainty of getting that price, since we can not accurately say what will happen but just speculations.

[BitMaxz]

Multiple times Bitcoin did attempt to achieve and stay above $80,000 price in the last week, but each time such benchmark is achieved onth Cart there is always a quick pull back from the Market whch make that $80 price seems impossible in the April market phase, but also we shouldn't peak  about may possibility or certainty of getting that price, since we can not accurately say what will happen but just speculations.

I just did a recent analysis a few days ago, and Monday's breakout from the uptrend is a bad sign for me; this week is down. This is now confirmed as a bad week by an uptrend break, and the RSI indicates a divergence.

I'm not sure what happened at the final Fed rate meeting, but the forex calendar shows that there have been no changes. There is no news that could affect the price, so this is a passive price decline.

The chart shows it retested the previous breakout two times within this day or two, which is a signal for rejection; it is also confirmed we are currently in a bearish week.

[kawetsriyanto]

I think we’re going to wait for the FOMC. Usually, there are big moves either up or down and that could be enough of a catalyst for Bitcoin to move higher and break that $80k sell wall if the news is good enough. Bitcoin consolidating below resistance is often a sign that it’s preparing for a big move in either direction and at this point, it almost feels like a gamble on which way it will go.

You're right. There is a big move on Bitcoin price after FOMC. We can see that Bitcoin price dropped to $74k today. I'm sure many people are a bit surprised with this decline because many people expected Bitcoin to cross $80k few days ago. Considering the sustained decline in the last 2 days, it seems very possible that Bitcoin to return to the price zone $70k-$72k again. However, it is true that it is just our guess. There is no way that we can ensure how the Bitcoin price will go in the next few days.

Bitcoin reaching 80000 can be very easy as per the current market conditions.

In fact, Bitcoin has failed to reach $80k several times. This means it isn't easy to reach $80k although market condition is quite good. However, there is always a possibility that Bitcoin will reach that expected price in the near future if there is a big trigger.

According to me decision should be made based on current situation.

What decision should be made now?
Each person may have their own consideration, so the decision may be quite different among the people. I personally prefer to see and wait firstly. I have no plan to buy or to sell Bitcoin.

[colinistheman]

According to me decision should be made based on current situation.

What decision should be made now?
Each person may have their own consideration, so the decision may be quite different among the people. I personally prefer to see and wait firstly. I have no plan to buy or to sell Bitcoin.

I know everyone has their own considerations because everyone has a different perspective on the market. However, I believe most of us would agree that the market is currently in a bear market. And the best thing to do in a bear market is to buy and continue accumulating instead of selling. Therefore, people should lower their expectation and focus on long term strategie.

Accumulating BTC is the best thing to consider right now, imo.

[Webetcoins]

Bitcoin reaching 80000 can be very easy as per the current market conditions. According to me decision should be made based on current situation. Yes it is true that Bitcoin was hovering below 70k several weeks ago but now it seems that it is not going below 76k. And the volatility of the market will remain forever. So it stores more energy during this time and then rushes upwards. But it is impossible to say exactly,When Bitcoin will reach the desired price. Maybe the war in Iran has not affected bitcoin much but the bull season of bitcoin will not last long because of this problem.

You never know if it will go back down to that or not. Yes, it has done great so far, and this month looked great, but that doesn't mean that we are going to end up with great results all that easily, we should not be looking into this as something that would be guaranteed to have a different situation.

We should realize that it is not going to be simple and we need to arrange a situation where it is not that easy to handle at all, we are going to be unsure if we will keep going up or start going down again.

[justdimin]

Bitcoin reaching 80000 can be very easy as per the current market conditions. According to me decision should be made based on current situation. Yes it is true that Bitcoin was hovering below 70k several weeks ago but now it seems that it is not going below 76k. And the volatility of the market will remain forever. So it stores more energy during this time and then rushes upwards. But it is impossible to say exactly,When Bitcoin will reach the desired price. Maybe the war in Iran has not affected bitcoin much but the bull season of bitcoin will not last long because of this problem.

What do you mean that it will store energy and then rushes upwards? Is it a balloon or something? Lol. Bitcoin doesn't store energy, it doesn't work that way, it is all about the current conditions, such as demand and supply in the market. We all understand that cryptocurrencies gain or lose value based on the demand and supply rule, right? This makes coins with fixed supplies more volatile and subject to quick changes based on the percentage of increase and decrease in demand, because the supply isn't changing, or at least not changing rapidly, and the demand is either increasing or decreasing, so the price will move up or down accordingly.

Based on current conditions and the situation, it seems like there isn't a lot of demand in the market, which is the reason why Bitcoin couldn't cross $80k despite reaching around that price, and we know the reason for it; there weren't more people willing to buy than those willing to sell, which is how we determine whether the demand is high or not, because if there are more buyers and less sellers, it means demand is high, and if there aren't more buyers or bidders, it means demand is low.

[Sexylizzy2813]

The end of this month of April looks more better than that of last month, is giving this sign of getting pass $80k, let's say $90k and above, it all depends on how the market switches fast from red to green. It won't be that easy but before the final day of April something productive might come up. Is really sad how long we have to see the price of Bitcoin to be dropping faster than normal, since the beginning of this year things about Bitcoin price has not been on a positive side, the war or something we can't say could be the cause of why we can't even get any old or new ATH.

[Out of mind]

On the contrary, it has dumped a little further in today. At the time of writing this, the price of Bitcoin is well around $76.1k although, we all know it could change its direction any moment with any news update but, I don’t expect any in this week and Bitcoin can continue to move in a ranging market with the $80k being its pick for the remainder of this month and possibly, till the first week of next month with that running into the weekends. So, we might not getting any good move towards the bears till on Monday perhaps.

Bitcoin did its best in touching 80,000$ but was not successful. We have see Bitcoin price under $70,000 for many weeks and this is good indication that price is finally going up. The price has gone down a bit but there are chances that price may cross $80,000 soon. On the other side if price keep falling then we have to wait for more to see $80,000. At the moment its difficult to say when we will be able to see $80,000. All we can do at the moment is to keep an eye on price of Bitcoin.   

Bitcoin price could not touch $80k for a while but we are optimistic that maybe Bitcoin price will set its sign in the coming month. We saw Bitcoin price was below $70k for many days but later it rose above $70k and currently Bitcoin market is in a good position. However, looking at the current market situation, it seems that if Bitcoin touches $80k then it will definitely get a strong support and it will not come below $80k thousand. When the market is above 80 thousand then it will continue to move higher and we are optimistic to touch $90k.

[philipma1957]

So it is 10:10 am in New Jersey, USA about 14 hours till may.

While we may not hit  80k in those 14 hours we did get to 79.4K this month.

[STT]

You might still get 80k, it was a very good target I think as being this close is a stepping distance away.   The reason why I think still it may occur is we are in midst of high trading and dollar index has nearly dropped 1% today which is giant for many trillions to move that fast.

 I would guess fears around the Iran war resolution, the ongoing oil pressure as the world does want its energy and need it to operate their economies so the pressure is real and oil exported is not enough for dollar strength, there has to be confidence which is not there.  On balance BTC continues to look better and perhaps some take that bet ongoing.

   We're too far now is also fair average opinion;  still BTC can move like a rocket when the fuse is lit.   We have a launchpad here, support has been respected is my easy take of recent action.  Push hard against a solid base and you will do far better, looks fair to bullish anyhow so long as that support is observed by the market.

[kawetsriyanto]

I know everyone has their own considerations because everyone has a different perspective on the market. However, I believe most of us would agree that the market is currently in a bear market. And the best thing to do in a bear market is to buy and continue accumulating instead of selling. Therefore, people should lower their expectation and focus on long term strategie.

Sure, most of us must believe that we are in the bearish season. If we consider the cycle pattern and how Bitcoin price has declined so far, it is quite clear that it is bearish market. However, each investor may have a different price target for accumulating Bitcoin. There are people who only want to buy Bitcoin gradually when Bitcoin price drops below $70k or below $60k. Each investors has their own plan to buy Bitcoin at certain price. But I agree that we must keep realistic target, just don't follow the people who assume Bitcoin to drop to below $20k. 

Accumulating BTC is the best thing to consider right now, imo.

If you think it is the best time to buy Bitcoin, kindly buy Bitcoin right now. I myself prefer to wait for a lower price.