Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: _act_ on November 27, 2024, 10:46:39 PM
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When bitcoin went below $91000, some analysts said that bitcoin can fall 30%. (https://bitcointalk.org/index.php?topic=5520422.msg64772726#msg64772726) Which means its price can call below $70000. The bulls showed them to be wrong for now and some analysts are saying the bull run is far from over. But I think this would be correct in long term perspective.
Bitcoin’s valuation metrics suggest the bull market is far from over and could be setting the stage for even further highs. With no signs of overvaluation typically seen at price peaks, analysts are eyeing a current potential target of $146,000 in this cycle.
You can continue reading the news here: https://cointelegraph.com/news/bitcoin-metrics-suggests-bull-market-far-from-overvalued
I also think this is possible.
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The market movement in this bull cycle after recording new highs is an indication that the bulls is far from been over now. When bitcoin went above $99K and everyone was anticipating for a breakout to $100K, it didn’t happen and that’s up to a week now some the new all time high was recorded. From that time till now, the market is still ranging between $90-$98K which is a very big sign that the market won’t experience any big pull back now, they look gearing up to breaking the $99K resistance level and break above $100K soon. I am with the bulls and I don’t see any pull back of up to 30% going to happen in the market without hitting that six figure value soon.
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(https://www.talkimg.com/images/2024/11/30/pAjcf.jpeg)
If we look at the chart, we notice that the time of 144 is consistent with the hourly chart in achieving $128,000, provided that there is a strong upward momentum (meaning strong liquidity entry and the like). Also similar to the movement of November - December 2023 so far.
The current green box(2024), as in the chart, has a top of $128,000 and a bottom of $66,600, and ends in mid-March 2025. Perhaps based on this chart, some analysts have based their talk on the possibility of a decline of about 30%.
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We have about 28 days in a row over 90k.
Maybe Nov 16 to Dec 11 all closing above 90.
If we are matching dec 2020 we will be over 150k by Jan 1.
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The market movement in this bull cycle after recording new highs is an indication that the bulls is far from been over now. When bitcoin went above $99K and everyone was anticipating for a breakout to $100K, it didn’t happen and that’s up to a week now some the new all time high was recorded. From that time till now, the market is still ranging between $90-$98K which is a very big sign that the market won’t experience any big pull back now, they look gearing up to breaking the $99K resistance level and break above $100K soon. I am with the bulls and I don’t see any pull back of up to 30% going to happen in the market without hitting that six figure value soon.
Yes, If we follow in cryptocurrency market, we can see that bitcoin price is remain on $99k in this time. But we also know that bitcoin price passing $106k few days ago. Because we could understand in cryptocurrency market passing a bull run. But we also saw that next time bitcoin price reach slightly down. We also know that bitcoin price is remain $99k up in this time. But I think that 2025 will be very valuable year for cryptocurrency market. Because we believe that last time of this year bitcoin price will be reach $150k.
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The market movement in this bull cycle after recording new highs is an indication that the bulls is far from been over now. When bitcoin went above $99K and everyone was anticipating for a breakout to $100K, it didn’t happen and that’s up to a week now some the new all time high was recorded. From that time till now, the market is still ranging between $90-$98K which is a very big sign that the market won’t experience any big pull back now, they look gearing up to breaking the $99K resistance level and break above $100K soon. I am with the bulls and I don’t see any pull back of up to 30% going to happen in the market without hitting that six figure value soon.
Yes, If we follow in cryptocurrency market, we can see that bitcoin price is remain on $99k in this time. But we also know that bitcoin price passing $106k few days ago. Because we could understand in cryptocurrency market passing a bull run. But we also saw that next time bitcoin price reach slightly down. We also know that bitcoin price is remain $99k up in this time. But I think that 2025 will be very valuable year for cryptocurrency market. Because we believe that last time of this year bitcoin price will be reach $150k.
The price of bitcoin bounced back to 100k+ yesterday before the little correction to $99k. This year will be more bullish for bitcoin because I believe after Trump is sworn it, the price will pump and make a new ATH. This is because 8 states in the US are planning to have a bitcoin reserve which might skyrocket the price of bitcoin.
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The price of bitcoin bounced back to 100k+ yesterday before the little correction to $99k. This year will be more bullish for bitcoin because I believe after Trump is sworn it, the price will pump and make a new ATH.
You are right. Bitcoin is now back in the $100K range some days before the swearing in of the new Trump administration taking not just the White House but also the Senate and the House of Representatives. I am sure the market will be watching closely the many good plans and promises of DJT and how they can impact the prices of many coins within this year. In the past few days, we were then wondering how come the price is back below $100K even if there are already some good news on the horizon...such an unpredictable nature of Bitcoin can really be expected anytime and this is the way of life for all of us who are involved in this very exciting industry.
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The price of bitcoin bounced back to 100k+ yesterday before the little correction to $99k. This year will be more bullish for bitcoin because I believe after Trump is sworn it, the price will pump and make a new ATH.
You are right. Bitcoin is now back in the $100K range some days before the swearing in of the new Trump administration taking not just the White House but also the Senate and the House of Representatives. I am sure the market will be watching closely the many good plans and promises of DJT and how they can impact the prices of many coins within this year. In the past few days, we were then wondering how come the price is back below $100K even if there are already some good news on the horizon...such an unpredictable nature of Bitcoin can really be expected anytime and this is the way of life for all of us who are involved in this very exciting industry.
As at 17 and 18 of January, the price went to the highs of $105k and started coming down to $102k, still holding above the $100k price mark so far. With this in watch, before 20th, the price could retouch the $108k and then we will start expecting the new phase Bitcoin and the crypto industry will unveil by the new administration of President Donald Trump.
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As at 17 and 18 of January, the price went to the highs of $105k and started coming down to $102k, still holding above the $100k price mark so far. With this in watch, before 20th, the price could retouch the $108k and then we will start expecting the new phase Bitcoin and the crypto industry will unveil by the new administration of President Donald Trump.
Before Trump's inauguration it jumped to $109k and became the new ATH, but after the inauguration the price even dropped below $100k and now Bitcoin is still holding at $102k.
There are several FUDs that attack bitcoin and of course have a great effect on the price of Bitcoin.
But this is a good enough correction to reach a higher price or even reach an ATH of $150k++ in the near future, hopefully this scenario will go well, without any drama of hacking etc that will result in the trend changing.
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As at 17 and 18 of January, the price went to the highs of $105k and started coming down to $102k, still holding above the $100k price mark so far. With this in watch, before 20th, the price could retouch the $108k and then we will start expecting the new phase Bitcoin and the crypto industry will unveil by the new administration of President Donald Trump.
Before Trump's inauguration it jumped to $109k and became the new ATH, but after the inauguration the price even dropped below $100k and now Bitcoin is still holding at $102k.
There are several FUDs that attack bitcoin and of course have a great effect on the price of Bitcoin.
But this is a good enough correction to reach a higher price or even reach an ATH of $150k++ in the near future, hopefully this scenario will go well, without any drama of hacking etc that will result in the trend changing.
Actually, after the inauguration there is no drastic move to the upside of the price of Bitcoin which is opposite to what we are expected. The price didn't fall despite the FUDS, and if we look carefully to the chart of Bitcoin you can see in the higher time frame that the price is just consolidating, in other words the market is indecision. And for me, it's a good news because the market is in calm condition, and it's near in the ATH price. We just need one good news that influence crypto to explode the price.
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I don't know why a topic that was created two months ago was pumped, but it is difficult to predict the direction of Bitcoin on a weekly basis, let alone a long-term upward trend with all the political and economic variables around the world. Anyone trying to predict Bitcoin now must actually do so within a range of more than $20,000, which means that the benefit of such analyses will be zero.