Bitcoin to $85K by December?

[Stompix]

Also a question, why 85k?

I, too, wonder why $85k was chosen specifically. Before, we were throwing wild numbers around like $90K, $100K, $120K, even $150K and $200K, but this seems a bit unusual.

Unless a technical analyst specifically identified this number to be some sort of resistance where the moving averages collide, then I'm going to think that OP pulled this number from a random news article.

Yup, it's from here:
https://ambcrypto.com/bitcoin-to-85k-by-december-16-chance-say-options/
But again, they don't mention why they've chosen 85k specifically but only did an article on the chances of it, probably picked the one that would be the most clickbait-ish or something

According to Bitwise’s head of alpha strategies, Jeff Park, options markets were pricing only a 10% chance of BTC hitting $85K by the end of the year.

[0t3p0t]

There is no accurate answer to this but I think it is very possible but if not my second guess would be in 2025 but if you are referring this year let us wait November because that is where it started then as what others have said break out to previous resistance will tell us the trend.

[Jating]

There is no accurate answer to this but I think it is very possible but if not my second guess would be in 2025 but if you are referring this year let us wait November because that is where it started then as what others have said break out to previous resistance will tell us the trend.

There year though has many surprises already, like getting a new all time high before the halving itself. And so with that, maybe it's possible that this price can be reach by $85k. And if there are some who believed that if Trump is going to win the election this November, then it's going to be doable. Again, many things could happen today and at the end of the month. Maybe there will be one positive news that will suddenly make investors pour their money on the market to start this parabolic rise and make it at $85k this December.

[Fivestar4everMVP]

Will Bitcoin hit $85,000 by 2024 with the volatility that has started in the Bitcoin market? Meanwhile, by the end of 2024, we have made many assumptions about the Bitcoin market. Depending on the current price scenario, the question is can Bitcoin surpass $85,000 by 2024? What do you think, spread your predictions here.

The market is hard to predict at the moment, it's been either going down or sideways since a few days after we entered the month of October, alot of people expected that by now, bitcoin price should only be green, but just yesterday, the price of bitcoin went down and even traded below $59,000, though the drop was shortlived as we saw that the price started recovering almost immediately, and right now, the price is back above $61,000.

Whether the price of bitcoin will reach $85,000 by December is up to the market to decide, I can't make any predictions at the moment, in order not to give myself, and perhaps, some one else reading, false prediction and hope, I will just keep watching the market do it's thing, and if happens that the price of bitcoin did reach $85k by then, then I will be happy to join everyone else to celebrate cus that a new all time high.

[armanda90]

Yesterday, bitcoin have significant dropped under $58,800 as most lowest price but few minutes later success recovering and bitcoin hit above $62,300. Its fastest movement of bitcoin without 24 hours have been reached more than 5% and possibility get consistent raise higher price for hitting above $85k at the end of this year or December.
I am fully believing with bitcoin have positive side for every end year, but waiting will bad news or any war happening in few weeks later will make bitcoin get dump again? Its crucial bit bad news easily make bitcoin get large correction when last week after Iran attack Israel.

[MrSpasybo]

Yesterday, bitcoin have significant dropped under $58,800 as most lowest price but few minutes later success recovering and bitcoin hit above $62,300. Its fastest movement of bitcoin without 24 hours have been reached more than 5% and possibility get consistent raise higher price for hitting above $85k at the end of this year or December.
I am fully believing with bitcoin have positive side for every end year, but waiting will bad news or any war happening in few weeks later will make bitcoin get dump again? Its crucial bit bad news easily make bitcoin get large correction when last week after Iran attack Israel.

If you've been in the crypto market long enough, you'll understand that BTC price can fluctuate dramatically and very quickly. Therefore, any prediction, whether it's BTC reaching $85K or dropping to $58K, can be considered valid and reasonable at that specific moment. Everyone has the right to hold their own opinion and fully bear the consequences of their investment decisions, whether it's a loss or a profit.

I also enjoy making predictions, but I prefer to use price chart as visually as possible. Using parallel channels, I predict that BTC could reach a new ATH around $100K by the end of December, even though it may sound quite crazy at the moment.

[satpol_PP]

Yesterday, bitcoin have significant dropped under $58,800 as most lowest price but few minutes later success recovering and bitcoin hit above $62,300. Its fastest movement of bitcoin without 24 hours have been reached more than 5% and possibility get consistent raise higher price for hitting above $85k at the end of this year or December.
I am fully believing with bitcoin have positive side for every end year, but waiting will bad news or any war happening in few weeks later will make bitcoin get dump again? Its crucial bit bad news easily make bitcoin get large correction when last week after Iran attack Israel.

It seems that the news of the peang has a negative impact on bitcoin, until finally the price of bitcoin fell to $ 58K, but the current price of bitcoin is back to $ 62K, while the price of bitcoin rose back to near $ 70K, it is likely that bitcoin will reach a new ATH. Let's see next week whether bitcoin moves up or there will be bad news that causes the price of bitcoin to fall again.

[Gurujebs]

Yesterday, bitcoin have significant dropped under $58,800 as most lowest price but few minutes later success recovering and bitcoin hit above $62,300. Its fastest movement of bitcoin without 24 hours have been reached more than 5% and possibility get consistent raise higher price for hitting above $85k at the end of this year or December.
I am fully believing with bitcoin have positive side for every end year, but waiting will bad news or any war happening in few weeks later will make bitcoin get dump again? Its crucial bit bad news easily make bitcoin get large correction when last week after Iran attack Israel.

Some market makers were arrested on Wednesday by the FBI after they found our these market makers launch coin but at low sell at the top, the were doing this in many project and even those projects were invited, they allegedly conive to make money together that's why Bitcoin price dump to $58k but I think was out of fear by speculators.

I think the only momentum we have right now about Bitcoin is November elections, if Kamala wins, Bitcoin might not go as we expected but if Trump win there is going to be a huge impact on the price of Bitcoin but there could also be some manipulation since it is highly expected event of November.

[nakmantu99]

Yesterday, bitcoin have significant dropped under $58,800 as most lowest price but few minutes later success recovering and bitcoin hit above $62,300. Its fastest movement of bitcoin without 24 hours have been reached more than 5% and possibility get consistent raise higher price for hitting above $85k at the end of this year or December.
I am fully believing with bitcoin have positive side for every end year, but waiting will bad news or any war happening in few weeks later will make bitcoin get dump again? Its crucial bit bad news easily make bitcoin get large correction when last week after Iran attack Israel.

It seems that the news of the peang has a negative impact on bitcoin, until finally the price of bitcoin fell to $ 58K, but the current price of bitcoin is back to $ 62K, while the price of bitcoin rose back to near $ 70K, it is likely that bitcoin will reach a new ATH. Let's see next week whether bitcoin moves up or there will be bad news that causes the price of bitcoin to fall again.

Hopefully there is no more bad news so that bitcoin can reach a new ATH, because we know that if there is bad news that attacks bitcoin, the crypto market will return to red. but I have confidence that before the end of the year we will see bitcoin reach a new ATH. It may not be far from $ 73K, but for me it is already a good movement.

[KingsDen]

However, in short or at least at the end of this month, we might see a tremendous growth and push it to $85k unexpectedly.

Well, this market is full of wonders no doubt. But OP is discussing the possibility of 85k before December but you are even projecting before the end of this year. I know that if bitcoin starts moving, 85k can be done within 72hrs, but then, the issue is will it move? Even if it's to move, how are we sure it will move in our desired direction.

[Mia Chloe]

Yes, I think it will reach $85k if things go well but right now I don't think it will be an easy thing for Bitcoin to reach or cross $80k anytime soon. If Bitcoin somehow crosses $70k mark this month then it will most probably cross $80k mark in December and it might cross $85k mark as well if things go well.

That's true the best we can do is speculate and speculate. Bitcoin is a crypto currency and it is obviously very volatile alot of Government actions as well as unnecessary drama can easily cause a shift in price even if in some cases it wouldn't really last for long. Take recent events for example, we were initially already recovered from the pull back when the US government drop news that they decided to move some coins in addition to the drama HBO out on.

Although we've already almost recovered from all these factors, they still slowed price movement to an extent and that's the reason it's difficult to make on point predictions of the $85k pump, like who knows what drama will  be put up next.

[sampoerna]

Yup, it's from here:
https://ambcrypto.com/bitcoin-to-85k-by-december-16-chance-say-options/
But again, they don't mention why they've chosen 85k specifically but only did an article on the chances of it, probably picked the one that would be the most clickbait-ish or something

According to Bitwise’s head of alpha strategies, Jeff Park, options markets were pricing only a 10% chance of BTC hitting $85K by the end of the year.

Various speculations related to the price of Bitcoin may indeed have several other speculations that are actually much higher. As for which is right or wrong, it may also depend on several factors later in the month. However, usually at the end of the year there will be an increase in the price of Bitcoin, maybe this will be the beginning of the increase to the real bullrun peak season.

I also found several sources related to Bitcoin will hit around $ 85k in December.
https://ambcrypto.com/bitcoin-to-85k-by-december-16-chance-say-options/

and there are even some that are predicted to reach $ 100k.
https://cointelegraph.com/news/100-k-bitcoin-price-depends-on-increasing-demand-and-favorable-seasonality-crypto-quant

Yes, we just believe what is possible. But stay alert and always check the market for all conditions and don't panic easily in certain situations.

[summonerrk]

Judging by how Bitcoin is currently soaring, the assumption that we can see 85k by December is becoming quite real! I wonder what is happening on the market now - such a strong correction before the fall or the beginning of crazy growth?

[JoyMarsha]

If Bitcoin should continue with this kind of sluggish movement it has for the past two months, fluctuating around $60k-$68k, I doubt if $85k can be possible before the end of the year. However, the remaining event of the year that is giving most people hope in the crypto space is for Trump to win the US election that is coming up so that the market will react positively to that. If nothing of such happen, and Harris wins, Bitcoin wouldn't reach $85k, rather it may reach $75k-$80k

[alltalk]

If Bitcoin should continue with this kind of sluggish movement it has for the past two months, fluctuating around $60k-$68k, I doubt if $85k can be possible before the end of the year. However, the remaining event of the year that is giving most people hope in the crypto space is for Trump to win the US election that is coming up so that the market will react positively to that. If nothing of such happen, and Harris wins, Bitcoin wouldn't reach $85k, rather it may reach $75k-$80k

You're right, Bitcoin doesn't move quickly recently. It seems hard to jump to $85k in 2 months if there is no change in Bitcoin price movement. Just look at the price of Bitcoin in the last 2 months, it never reached $70k anymore. Instead of reaching $85k, it always failed to cross $70k.

Yep, it seems only possible to reach to around $75k-$80k. But if we have many good issues about Bitcoin in US, it is not impossible to cross $80k. Nowadays, Bitcoin price is much influenced by the news/issues.