I've been hoping to see Bitcoin hit 85k for a bit now, and I'm pretty stoked about getting there after all the confusion lately. Right now, I honestly have no clue where the market's heading. Every time there's news or tweets about Trump, it seems to shake things up, which isn't shocking since he seems to be getting interested in Bitcoin.
I'm thinking we might see a pullback towards 103k, but it’s not gonna happen overnight. It could take months, and we might even dip down to 65k or lower with Bitcoin's price. But hey, I could totally be off, since the market makers might have a different plan.
What do you guys think about Bitcoin's future price? Are you feeling bullish or bearish?
Your thoughts on Bitcoin's future?
19 replies 151 views
hodler_farmMember
Posts: 26 · Reputation: 180
#2Oct 20, 2021, 07:13 PM
To go up.
Long term bullish of course, short term bearish and I wouldn't be surprised if we go below 70k in the upcoming months. Having said that, I think that we have a very interesting period ahead of us and I expect more countries to follow USA with their decision to add bitcoin to reserves.
dave.falconFull Member
Posts: 163 · Reputation: 447
#3Oct 20, 2021, 07:33 PM
Even the price of Bitcoin was at $79k, I think it's not just you who are waiting for Bitcoin at that discount price, but other people including me, because it is very good for increasing the number of Bitcoins, especially if held in the long term, and the cause of the current decline in the value of Bitcoin I think is included in "Sell on news", because as soon as Trump announced the strategic reserve which is an executive order, Bitcoin slowly decreased, besides that it may also be because many people are disappointed with the decision. Regarding the price of Bitcoin reaching $103k, I don't think it's difficult, it's just a matter of time, but I don't think it will be that long and I'm sure at the end of this year Bitcoin will give a surprise, and this is my hope for the price of Bitcoin to come.
chrischainFull Member
Posts: 126 · Reputation: 408
#4Oct 20, 2021, 08:46 PM
Bullish all the way.
What we currently see is clearly a behaviour of down market due to tariff wars and so on, but it shouldn't last long or till the end of 2025.
alex_shardSenior Member
Posts: 200 · Reputation: 979
#5Oct 22, 2021, 07:18 AM
What you are seeing in the market is quite normal and an essential price correction. This is how an efficient market behaves. Only noobs will expect to see only green candles everywhere. If you cannot tolerate this much fluctuation, being an investor will be a stressful business for you, always. Hold BTC for a few years, and you will forget the existence of bears. Bears only hunt short-term traders, especially in BTC.
It wouldn't be called a market without some downs here and there.
If we hodl through, we basically win.
This same thing applies to me, but my own case doesn't come out with the same result you had in your own case, I place an order to sell during the weekend at $85k and funny enough I discovered that the market only bounce back the moment it reached $84k and we had the dip down to below $80k and now we are at it again, hoping today or before the week runs out my order will be fulfilled for sell at my desired rate.
Bullish, don't let the shirt term analysis and market performance deceives you, on the long run, we are going into have more of bull than the near market and hoping for more all time highs till we landed at the last for this season.
max.wizardFull Member
Posts: 106 · Reputation: 753
#8Oct 22, 2021, 08:54 PM
^ Agreed with the take of the market being cocky for now, but bullish in the perspective.
It's jus the matter of time and patience.
Bitcoin at 85k was realistically a target to be reached. When we look at the market, it is quite unstable, especially with all the news and political influence. I think we can expect a correction to 65k, maybe even lower.
Long-term, im still bullish, but in the short term, i expect a lot of fluctuations.
We are in for a ride, and sales are imminent on the BTC chart.
We just need to use them accordingly, not just look at them.
What I know is that the bull market is not yet over. There are times like this during bull market just like there are some times that the market may increase a little during bear market. What is happening presently does not mean we are in bear market. But we do not know what could be the bottom before bitcoin will rise again and surpassed $100000 once again but surpassing $100000 again is highly possible.
quantumsageFull Member
Posts: 118 · Reputation: 424
#12Oct 24, 2021, 09:51 PM
Until the end of this year bitcoi will be bullish then in 2026/27 it will go bearish of course it could be that my prediction is wrong.
Do you have any concerns after successfully buying bitcoin at $85K and then the price goes down even more? Stay relaxed friends, you just need patience to wait for bitcoin to recover again even though we never know when it will go up for sure.
If you are for long-term HODL then don't pay too much attention to news from Trump, it's better to forget it.
Although what is happening is partly caused by Trump, but not because he cares about bitcoin but because his economic policies are impacting the global economy and Bitcoin is part of the economy.
Honestly, I am quite unhappy with what is going on as my profits are down significantly but I have never felt pessimistic about the future of bitcoin. No matter what happens and even if bitcoin drops more, I never lose faith or become pessimistic towards it in the long term but I'd probably feel a little sadder if the price continued to fall.
gwei_minerSenior Member
Posts: 197 · Reputation: 966
#14Oct 26, 2021, 05:43 PM
Heard of "Hoping for the best expecting the worst?" that's my ideal thoughts for bitcoin in the current situation, because recently I don't even know what the market is doing, looking at the chart from a long term it's just doing a normal boring up and downs till the next 4-5 months but which is very usual but in a short term I see manipulation but regardless in still very bullish in the long-term so I will keep stacking up till in much higher than the average amount I intend to put in.
Your expectations about bitcoin are always very good many investors lose their patience due to this ups and downs of the market but this is the way for the market to correct its price. If you can just wait patiently for a long time the investor will become very profitable. Also through ups and downs investors are being scared and doing various manipulations but those who survive in the long term are the ones who are successful. The price of bitcoin may increase further in the future.
I hope to increase more than the price mentioned by people so far, whether the price prediction is called by famous people or not.
For now, just leave the price as it is now to provide opportunities for people who still want to have bitcoin according to the desired target.
Not too much hope, that's all from me.
You have made a prediction that Bitcoin is $65,000 well see youve estimated it. But I dont think Ill see Bitcoin again so low. I think by the end of 2025, Bitcoin will again cross $100000 and break all previous records. And if Bitcoin goes above one million dollars, many investors will be able to withdraw many profits. And if your assumption is correct, many investors will break down and fall into many losses. Since the Bitcoins market is going a little bad I think it will return to the previous position within a few days.
By the year 2025 I start to see it blacker than I did until recently. Even Trump recently came out saying he doesn't rule out a recession. This is affecting everything, even gold, which had been doing better, has gone down a bit. So, like Rikafip in the short term I see that it can continue to go down but in the medium and long term the price now is going to look ridiculously low.
hodler_gweiFull Member
Posts: 82 · Reputation: 479
#19Oct 29, 2021, 09:31 AM
Yes, I also hope so because if we look at the predictions of previous people, they have proven to be true, but that is only in the long term. In the long term, the price of Bitcoin will definitely or has increased to reach the prediction or approach it.
And I am still optimistic that this year the price of Bitcoin will print a new ATH after the previous ATH at 109K, and this decline is an opportunity or could be a prayer for those who expect Bitcoin to fall so they can make purchases and will also be used by those who already have Bitcoin to collect more Bitcoin which in the end the price of Bitcoin will rise again and continue to rise beyond its highest price and this is only a matter of time because Bitcoin will only benefit those who do it for the long term with strong conviction and patience to do so.
At the moment, we are in a down trend and it can continue like this for the rest of this month but my assumption is that we are not yet in the bear season, I might be wrong in my assumption, don't blame me, the market can be volatile and we would not always be right all the time to catch up with the movement bases on assumptions and even using the right analysis. I am still bullish, luckily we go to $110k again.