If you think we’re already done here, just know that we’re just getting started. We haven’t fully hit the peak when it comes to Bitcoin’s price in this bull run. It seems like we’re right at the door, about to knock on the next all-time high, which could take us to $250,000 or even higher before this season wraps up. This trend might stick around until the end of the year.
The market is definitely back up after it had just a week of correction where many were predicting a bearish August, I guess they might have to change sentiment now. For me immediately I saw how the month of August has always been in the years after halving I was super bullish that we will get a new ATH this new month again, with three weeks to go I still think the next leg up for bitcoin will be to break the current ATH of $123k and head to $125k where it will consolidate for a while before it goes to $130k which is my realistic target for the month.
As for the $250k this year I dont see it as a realistic price to be sincere, even $200k seem far more exaggerated in my opinion. My prediction is we would be above $150k before November ends but wouldnt be above $180k as it is the peak for me due to the market sentiment plus the time remaining for the market to move is short in my opinion so $200k or even above is not looking achievable
Others will say it's too early to celebrate as Bitcoin stumbles a correction once again after the huge jump.
I wish this would happen soon. Looking at the price now, it's almost half way there. It's still possible to see a good ending this year.
Although we already had a good start to mid half of this year and that's why whichever price and however it will end, it's already win for most of us - holders.
Well yesterday we did see new all time high price for Bitcoin of almost $124,500. Now it did go back down a little for a small correction but it is normal for that. There is still a big uptrend and I do think it will go back up very soon.
https://www.ainvest.com/news/bitcoin-news-today-bitcoin-hits-124-457-time-high-driven-etf-inflows-institutional-adoption-2508/
I think price gonna consolidate from here on for a few months then picking up again.
Resistance at ATH is usually no joke, too many short sellers out there and need them to ran out of money for the market to go back up again or wait until there's big liquidity need to be liquidated by those short sellers.
Otherwise i'm prepared for consolidation for a few month, just my opinion though.
For those who do have that enough experience towards the market then they wont be that easily freaking out at the time that they would be able to see the market do make out some correction. Unlike into those newbies around that whenever the market do make out some correction, then they would be starting out to make up some conclusions that this time might be the time for the market to become bearish or would be having the reversal on which this causes up for them to make out those panic selling and then later on when the price do make out some recovery then this is the time that they would be having that kind of regret and this is where newbies becomes more experienced investors overtime on which this is actually that inevitable yet we've been starting on being a noob. Now that Bitcoin is breaking up new all time highs then it would be that anticipated that once it do hit up a resistance then it could neither be having that rejection or be having that breakout.
The important thing on here is that you do know on what you should gonna do at the time or moment that the market do make out such movement and utilize up your knowledge basing up on what you had encountered in the past. It would be that impossible that you cant be able to determine as this market variations do commonly repeat itself. Although its not assuring because its always been unpredictable and random.
We are down to $118K another correction happening. The new ATH didn't move far from the former, it wasn't much that news were calm, if only i did not come across this thread then it wouldn't come to my notice. The image will be needing an update because Bitcoin exceeded $123K ATH, after the correction we will be expecting a long move, Bitcoin should be crossing $150K by the time.
If Bitcoin hasn't exceeded $150K then we are not done with the bull run entirely.
We are in for another correction again. This has already become the norms of the market in this bull cycle. For every time a new all time high is achieved, youll see bitcoin consolidating to gather another momentum to come back in full force to break another all time high, then the process repeats itself again.
We are just waiting for another consolidation phase to happen, crossing our legs with fold arms to see bitcoin breaks and create a new all time high. The bull cycle run is far from being over now.
We can see Bitcoin always break ATH; that's why I have been saying there won't be an end to the Bitcoin price. Because Bitcoin repeats history, and it's been proven as well. Some people predict Bitcoin will reach $1M; I don't argue with them about the predictions. It could reach there, but we don't know how many years it needs to reach there. Even reaching there, we can't say this is the end of the Bitcoin price.
Though we can't assume what will be the next movement, likely our next generation will be witness. But I can assure you Bitcoin will break ATH again and again. So we aren't done yet. It's too early to decide about Bitcoin price. I still believe it's cheaper; once a day I may regret why I haven't bought it at the current price. So better follow the DCA strategy and accumulate Bitcoin.
If the ETF inflow and institutional investments keep flowing in, the price will keep increasing. Anyone who thinks that Bitcoin has reached its highest price should reconsider because the demand for Bitcoin will keep growing. Our responsibility as long-term hodlers is not to keep monitoring the market but to keep accumulating through DCA. Closely observing the market trend can lead to FUD.
That's right, it's best to stay invested and forget about the noise. The thing is, following short-term movements is like a hobby for me, and I think for many others. I'm not going to sell because bitcoin drops to $85K or rises to $150K in the next two weeks. But it's entertaining to watch the price fluctuate and comment on it.
Me too, that target is unrealistic and I don't think bitcoin has the wherewithal to hit that target before the end of the year. More than 8 months have passed, bitcoin price is still below $120k, and there are fewer than 4 months left until the end of the year. If we follow a 4-year cycle, when 2025 ends, it will also be the end of the bull season, so how can Bitcoin double in just 4 months? The time frame is too short and there doesn't seem to be any big enough momentum or catalyst to push bitcoin to reach that target.
$150k is still a much more realistic goal.
The image had to be edited because $123,000 is no longer the current ATH, considering the current ATH is $124.4k.
However, this isn't over yet, as there are still new ATHs to be established for Bitcoin. The next stop is $150,000. Furthermore, it might be above $150,000, and $200,000 could be the ATH this year before the bullish phase turns bearish.
In my opinion, whoever holds Bitcoin long-term will win, although this isn't like a boxing match where scores are counted.
The price has corrected back to $117k. Let's see if the scheme that happened before will repeat again before Bitcoin finally reaches a new ATH, or if there will soon be a change in market movement with a deeper price decline.
The achievement of a new ATH does not seem to differ much from the previous ATH. We may not need to rush to see much higher prices. Hopefully, $130k can be reached to close this month.
We saw the market fall a lot in early August, but later the market went back up. We could see that it has formed a new ATH, where the price of Bitcoin has crossed $124+ which is really interesting. Although we are currently seeing the market crashing quickly and then it is rising again, many traders are making profits here. However, if we invest at such a time, the market can fall significantly at any time and this can be a risk. However, we can expect that Bitcoin will reach its highest high by the end of the year and will increase in price according to our target. So we should not trade Bitcoin but invest it and hold it for a long time which will be much better for us.
The momentum that took it to $124 all time high wasnt a huge momentum and thats why we have a correction happening immediately after the ATH. I dont usually understand why people easily get panic for a little drop, the market has a set support at $115k which doesnt looks like it will actually break any moment now.
The market is well above it and it will continue. For the monthly price it is no strange that August in years like this are bullish so I still expect more ups to come for the remaining half of the month we might even break above $130k this month.
$130,000 isn't that far from Bitcoin's all-time high. If we calculate, the difference is only about $5,526.
I think the upward trend to $124,000 is very neat and occurred imperceptibly, as the chart rose slowly.
It's possible that if an influential figure does something to bolster investor confidence, a price upward trend to $124.4,000 could occur, leading to a new all-time high.
The difference is that $124.4,000 might not last long, considering Bitcoin's current price, which is already at $117,000.
The higher we go, the better we are going to do. Because breaking over $123k will be a very tough one, and it is going to take a lot of time, and we are going to have a lot less capital, so running to that level will be very tough.
In any case, we are going to see this changing the direction a bit, and just collect a bit more time.
Plus, these small corrections allows us to do better with time, and because of that, we are going to end up with a lot more money when we are careful. Think of the market like bow and arrow, because sometimes, you have to draw back, in order to fly further later on.
We are on that period right now, no idea how far we will draw back, but we surely will fly higher when this part of the market is over.
Yes I think unless some global economic event happens we will keep grinding up. No other reasons too. However I am worried because we are approaching the end of this 4 year cycle.
So if we get similar patterns such as in the past cycles, where bitcoin pumps to the end of the year and then Ethereum pumps and following its altcoins then there is a good chance we might make a top. And then as usually some event will bring us to a low in exactly 1 year following by a correction.
Now I know with the etfs its different. So who knows if this cycle will be different.