$67500 broken, will $82900 be broken

[JiiBs]

The lows always count for more then this simple peak we got.   The price action is very strong so far and holding here makes me think it's going to be bullish and become more obvious while gaining from here.  
The fact BTC can do this is what makes it so popular because that horrible sideways drift we just had was really not pleasant.

I still don’t understand why so much activity towards the bulls in the market of recent but, it’s being very appealing, looking at how the market has stalled with the bears for quite some months, a little push towards the bulls was needed. Though I would have to attribute what we have now to be nothing out of the ordinary on market movement.

I’m not anticipating a fully formed bull market until price cuts around $100k which I don’t think it possible anytime soon.

I have read at least one trader say 73k is what happens next but I haven't read fully why they are so confident on that.  So I dont see a negative development here only positives, profit taking is always possible though and a sharp rise often comes with traders on leverage who sell.
73k is an average price for 2026 apparently, a test near 200 day moving average is often quite feasible in some timeline.

Regardless of what reason there might be, is it exactly wise to take profit because the market was bullish for a week or two weeks? Wouldn’t it be nice to just seat back and observe how the market would carry for a couple more weeks, considering just how long it took for we to have this much bullish activity in the market.

[Wash Skin]

What do you think?
Will bitcoin increase above $82900?

Look, the price of Bitcoin was stuck between $60K and $65K for the past few months, so in this current situation, the price of Bitcoin has risen and touched $80K. But I can guess that in this situation, the price of Bitcoin is hovering between $75K and $80K. It seems that like the past level, the price of Bitcoin may remain here for a long time, and in the next phase, i.e. when Q4 ends, the price of Bitcoin will be more likely to touch $100K.
It is natural that the price of Bitcoin will move upwards, so the opportunity to buy Bitcoin should be taken quickly.

[JeffBrad12]

Yesterday’s attempt by the bulls to break above $81k was unsuccessful, and as you can see, the BTC price is back below $79k. To be honest, this movement on the chart reminds me of the situation we saw in early May. And if things follow the same scenario now, we can expect a market correction in the near future, though it’s not certain that it will be as deep as last time.

Even if the market correction were to occur, hopefully it will never go below $60k, i can feel that it will bounce and consolidate at $67k and after a while the market will be bullish again because we're about to see another bullish market on the making.
The only strange occurrence that make me believe there is hope for continued rally is because how strong the surge was, a 20% increase happened within very short time, something is going on.

[GreatArkansas]

What do you think?
Will bitcoin increase above $82900?

Look, the price of Bitcoin was stuck between $60K and $65K for the past few months, so in this current situation, the price of Bitcoin has risen and touched $80K. But I can guess that in this situation, the price of Bitcoin is hovering between $75K and $80K. It seems that like the past level, the price of Bitcoin may remain here for a long time, and in the next phase, i.e. when Q4 ends, the price of Bitcoin will be more likely to touch $100K.
It is natural that the price of Bitcoin will move upwards, so the opportunity to buy Bitcoin should be taken quickly.

I'm better with this right now instead of going back below $70,000. Staying between $70,000 and $80,000 right now will make Bitcoin natural and healthy.
The jump from $64,000 to $78,000 was quick and happened in a short period of time. So, for me, building from these level without rushing $80,000 or above is safer for Bitcoin right now, especially it's about to end the monthly candle.

[dwyane36]

Even if the market correction were to occur, hopefully it will never go below $60k, i can feel that it will bounce and consolidate at $67k and after a while the market will be bullish again because we're about to see another bullish market on the making.
The only strange occurrence that make me believe there is hope for continued rally is because how strong the surge was, a 20% increase happened within very short time, something is going on.

Well, if there’s a drop to $67k, that could also be called a deep correction. Personally, I’d like to see either a minor correction down to $75k or consolidation within the current range, followed by a breakout to the upside. Of course, we can’t rule out a repeat of the scenario we saw in May and early summer, but I think the bears should calm down

[FinneysTrueVision]

If it moved up 20% in a few days, it could certainly move up another 5% just as easily. After such a sudden surge however, I would expect things to stabilize for a while before it continues going up. We might even see a correction as many traders are now in profit and will realize some of those gains. ETF flows are still positive and can absorb some of that selling pressure, enough to hold above support levels. If there isn’t another big catalyst in the coming days, then it might take until mid to late September before we see it break above $83k.

[Pandorak]

(...)

Even if the market correction were to occur, hopefully it will never go below $60k, i can feel that it will bounce and consolidate at $67k and after a while the market will be bullish again because we're about to see another bullish market on the making.
The only strange occurrence that make me believe there is hope for continued rally is because how strong the surge was, a 20% increase happened within very short time, something is going on.

Currently, Bitcoin has established new support at $77k–$75k, which can be considered a key level. The recent rally has caused numerous gaps (FVG), all driven by very strong buying pressure following the positive news. Given this, it seems quite likely that Bitcoin will rise to even higher prices, and the only obstacle now is the resistance at $82k. Once the breakout (BOS) actually occurs, we’ll likely see Bitcoin reach $89k in the near future.

Let’s hope this happens soon, though deep down, there’s some concern that the bearish market trend on higher time frames might continue.

[Itz-prisigold]

May people that have been saving bitcoin will be happy now and which is very good.

From the daily candles, the strong resistance of $67500 was broken recently with the debt buyback announcement of the United States Treasury, but what about the weekly one? From the weekly, I see $82900 to be another strong resistance if $80000 resistance is not enough.

What do you think?
Will bitcoin increase above $82900?

One day it will.

But we will be lucky to see 80k this month.

Bitcoin is already above $80k right now, and the is just a reminder to everyone that Bitcoin doesn't move according to the expectations of speculators. We can spend the whole year trying to predict what the price of Bitcoin will be before the year runs out, but believe me when I say this the market price can easily take a different direction.

Bitcoin will continue to do what it has always done.
So every investors should stop being obsessed with all these short term predictions.

[Juicyhome]

Look, the price of Bitcoin was stuck between $60K and $65K for the past few months, so in this current situation, the price of Bitcoin has risen and touched $80K. But I can guess that in this situation, the price of Bitcoin is hovering between $75K and $80K. It seems that like the past level, the price of Bitcoin may remain here for a long time, and in the next phase, i.e. when Q4 ends, the price of Bitcoin will be more likely to touch $100K.
It is natural that the price of Bitcoin will move upwards, so the opportunity to buy Bitcoin should be taken quickly.

You're right in the Q4 we're expecting bitcoin to hit $100k , we can only speculate and optimistic about the price,  we should stop buying,  we still have keep buying and holding,  never to sell it bitcoin hit ATH again,  I'm very much sure it won't hit $60k again this year.

I'm still buying even if bitcoin hit $100k , I believe we're still in the early stage of bitcoin, the future of bitcoin is so sure to ignore the beginning now, any rising in price and every dip is a sign that bitcoin is the oynsure plug of future money.

[Oshosondy]

Bitcoin is already above $80k right now, and the is just a reminder to everyone that Bitcoin doesn't move according to the expectations of speculators. We can spend the whole year trying to predict what the price of Bitcoin will be before the year runs out, but believe me when I say this the market price can easily take a different direction.

Bitcoin will continue to do what it has always done.
So every investors should stop being obsessed with all these short term predictions.

I do not know if you are referring to me as the speculator. If you are referring to me, bitcoin has risen to  $79999 before I posted this. This thread is more about bitcoin getting above $82900 which I think is the next resistance if bitcoin gets to $80000.

If you are not referring to me. As you will see some analysts saying something, you will also see another analysts saying the opposite thing. No one can know what will happen in the future, but what is more accurate is that bitcoin will get to all time high

[Itz-prisigold]

Bitcoin is already above $80k right now, and the is just a reminder to everyone that Bitcoin doesn't move according to the expectations of speculators. We can spend the whole year trying to predict what the price of Bitcoin will be before the year runs out, but believe me when I say this the market price can easily take a different direction.

Bitcoin will continue to do what it has always done.
So every investors should stop being obsessed with all these short term predictions.

I do not know if you are referring to me as the speculator. If you are referring to me, bitcoin has risen to  $79999 before I posted this. This thread is more about bitcoin getting above $82900 which I think is the next resistance if bitcoin gets to $80000.

If you are not referring to me. As you will see some analysts saying something, you will also see another analysts saying the opposite thing. No one can know what will happen in the future, but what is more accurate is that bitcoin will get to all time high

Not at all...
That is just a general statement including myself.
So my comment was not even pointing to a particular person.
Am just trying to make a point that Bitcoin doesn't move the way everyone is expecting it to.
And sure you're about one thing, people can try to predict the future of Bitcoin as much as they want, but one thing is sure that Bitcoin will get to a new all time high.

[Ojima-ojo]

Bitcoin is already above $80k right now, and the is just a reminder to everyone that Bitcoin doesn't move according to the expectations of speculators. We can spend the whole year trying to predict what the price of Bitcoin will be before the year runs out, but believe me when I say this the market price can easily take a different direction.

Bitcoin will continue to do what it has always done.
So every investors should stop being obsessed with all these short term predictions.

I do not know if you are referring to me as the speculator. If you are referring to me, bitcoin has risen to  $79999 before I posted this. This thread is more about bitcoin getting above $82900 which I think is the next resistance if bitcoin gets to $80000.

If you are not referring to me. As you will see some analysts saying something, you will also see another analysts saying the opposite thing. No one can know what will happen in the future, but what is more accurate is that bitcoin will get to all time high

Not at all...
That is just a general statement including myself.
So my comment was not even pointing to a particular person.
Am just trying to make a point that Bitcoin doesn't move the way everyone is expecting it to.
And sure you're about one thing, people can try to predict the future of Bitcoin as much as they want, but one thing is sure that Bitcoin will get to a new all time high.

As much as we all are contributing and speculating if Bitcoin can hold above a speculated benchmark mark, we all are just speculating and can be referred to in such premises, Bitcoin volatile market reactions have made it so and what is important is how we manage to build knowledge around the market that keeps us at a more safe zone regardless what direction the market could take.


Bitcoin right now can go above $85k price before the end of August even though there have been a lot of resistance.

[Tmoonz]

I didn't expect to see bitcoin price pumping like this within one week. I believe that the market is pumping because the resistance of $67500 has been broken and as the price is pumping people are buying out of FOMO which means that the price might continue to pump to $90k, if there isn't any bad news that will affect the price to dip.

I'm happy that I was DCAing all these while that the price was at $60k range. If we don't see $60k range anymore, I have nothing to lose. My DCA continues.

There is nothing to be surprised about the pumping, we should always prepare to see something like that and even more, we can't talk about the bitcoin market without including how much uncertain happenings can be, no one knows how long this pump is going to last and while DCA has always proven to one of the best strategy, keep up with the DCA consistently which many of us also adopted. If we don't see $60k range anymore, you have nothing to lose and even if we still see the $60k again you  have nothing to lose if you are still holding and not selling, and your DCA should still continue.