Bitcoin Price May Be Headed to $54,000, Says Analyst Who Forecast October's ATH

[Oshosondy]

What do you think about this analysis?

You can read about it on https://www.moomoo.com/news/post/71819839/bitcoin-price-may-be-headed-to-54000-says-analyst-who?level=1&data_ticket=1780583785360133

We have talked about bitcoin $53000 I think so, but this is another analysis that is close to that. I first chose the bottom to be around $47000/$48000 last year before the all time high, but I later choose $59000. I know bitcoin may fall below that price, but I think bitcoin is not going below $50000 which I posted about in the past also if bitcoin fall below $57000/59000. If the worst will happen, bitcoin is not going below $47000/48000.

I have saw an analyst that predicted $53000
But I saw another one today that predicted $54000.

I think these are good analysis. What do you think?

[Bitcoin-Forever]

Bitcoin may not go be low $40,000 this season, but making a precise prediction of $47,000 or $48,000 may not be accurate enough to see the market perform in the same manner, I know many can make their own speculations in diverse means, but let's talk about the reality if at all we have something below $50,000 this bear season, we can't predict the exact range this market may fall to, this is where I also have much confidence that they will still be more fall of the market and not the recent falls mark the end of the bear, everyone is trying to make his own research and see what he could deduce from the speculation made over the market this month and beyond.

[Zaguru12]

I have saw an analyst that predicted $53000
But I saw another one today that predicted $54000.

I think these are good analysis. What do you think?

This are not all those ridiculous analysis that you see some haters calling themselves analysts do like calling a $15k, yes we all know that bitcoin isn’t immune if the entire market is hit badly by negative news, but aside that there are lows that are no longer realistic to be reached again in my opinion.

Now to the $54k price I think it’s one of the most realistic lows that we had earlier predicted, I was predicting lower than that price as the bottom for this year. Let’s not even use technical analysis to address it but let’s use past trend as an analysis. Bitcoin in the last bearish market went as low as 75% from its all time high, so even if the price goes as low as $54k which is just 57% down from the current all time it would be realistic.

I was predicting a low as a 60% in this bearish market due to maybe the reduce volatility

[Odusko]

What do you expect from those that are waiting for Bitcoin to dip to their own preferred price and trying to create funds around the market, I don't call the Bitcoin price analyst but more of gambler's who are trying so hard to see Bitcoin down so as to fill the bag holdings, but we already know that is going to be hard to see Bitcoin price dropping to that price.

[YOSHIE]

I think these are good analysis. What do you think?

It's no joke that currently there are many crypto experts who express their opinions regarding current and future Bitcoin speculation and predictions, It is not strange if Bitcoin falls to the $54k level before the halving occurs and a new ATH is formed, that situation is legitimate.

The point is that we ourselves must have beliefs and principles, remember that what we think doesn't necessarily happen and what we don't think about is what happens, that's how the crypto market is, The point is that in the crypto world what determines us to be successful is ourselves, other people's speculation is only an example and comparison.

[BitMaxz]

Well, the image he shows is indeed a flag, but we already see the result: the flag breaks and fails to break to the $60k level, and it looks more like a liquidity grab under $59k. Now it's gradually rising again, but we do not know if this is just accumulation or retracement before it drops again.

His prediction could be right or not, but that pattern, the bear flag, is pretty common, and most likely it happens. Since we are still bearish in the higher time frame, the chances to hit $54k or below $60k are still high until we see the price break this $60k level.

For as a trader, I wait for breakouts first with better confirmation about the trend because I don't see a clear picture yet for a trend. I'm not eager to go into entry. I'm still waiting for a clear trend.

[STT]

If all it does is move Bitcoin to 54k then its not a big deal, we already moved far more so what's another 10,000 between friends.   Its not the number that matters but what happens when reaching that projected target, quite often the low is merely momentary and bounces right back up.   Do we care about a price that only exits for five minutes.
  If 54k is to be the top price for the next 10 months or so then I guess it would be far more disappointing.  Thats possible but my general expectation is not we enter a period of hard money all of a sudden.