Bitcoin to $85K by December?

[kulkhan]

Now Bitcoin movement is good. Some days ago Bitxoin price was under $60000. But gradually it’s price increasing. And now Bitcoin price is near about $68000. I think everything is Possible in cryptocurrency market. So if Bitcoin price increase like this then Bitcoin price in December will hit $85k. But now a days huge risk in cryptocurrency market even world economy for middle east warel crisis. Anytime could be anything because Iran Israel are now very aggressive. If they both entire in full war then Bitcoin price will fall instantly. So we should be more concern about it.

[summonerrk]

Well, here we are at the local peak of 69k for the fourth time in recent times. And this time the choice is coming soon, which means there is a chance that the price will break through this resistance level, and we will see 76k and higher for the first time.

[vegasus]

Well, here we are at the local peak of 69k for the fourth time in recent times. And this time the choice is coming soon, which means there is a chance that the price will break through this resistance level, and we will see 76k and higher for the first time.

Maybe after this there will be another market drop, a kind of correction for the crypto price in the market. Because so far, the increase has been quite rapid. While this is only mid-October. So, maybe next week it will go down first to prepare for the next increase? Because usually the crypto market will always have a correction every time there is a very significant increase, that's why we must always be ready in various market conditions and not panic. Because at some point, the market will also get better and better again.

[MRY]

Well, here we are at the local peak of 69k for the fourth time in recent times. And this time the choice is coming soon, which means there is a chance that the price will break through this resistance level, and we will see 76k and higher for the first time.

Maybe after this there will be another market drop, a kind of correction for the crypto price in the market. Because so far, the increase has been quite rapid. While this is only mid-October. So, maybe next week it will go down first to prepare for the next increase? Because usually the crypto market will always have a correction every time there is a very significant increase, that's why we must always be ready in various market conditions and not panic. Because at some point, the market will also get better and better again.

The stochastic has faith that a price can pierce the resistance level and rise to other better levels but as much as this is the case it is important for us not to be over optimistic without factoring in the risks of price breakdown. Cryptocurrencies have been fairly volatile, and while they manage to cross the resistance level, price rise is not always linear. This particular price is very sensitive to factors outside the control of this company such as global market cues, government or political influences, or shift in a particular country’s economy. So we have to act carefully because major sell out can occur at any time particularly when many players in the market want to cash in especially after a breakout.

It is wiser therefore to think of a better way to re-invest that will offer a better investment arrangement. This includes good risk management where people put in stop loss, check on volume frequently and exercise a lot of caution bearing in mind that anything that happens and circulates in the market is a news. Thus, we can support the value-creating activities as well as provide sufficient safeguarding of investments against losses.

[SmartGold01]

Well, here we are at the local peak of 69k for the fourth time in recent times. And this time the choice is coming soon, which means there is a chance that the price will break through this resistance level, and we will see 76k and higher for the first time.

Maybe after this there will be another market drop, a kind of correction for the crypto price in the market. Because so far, the increase has been quite rapid. While this is only mid-October. So, maybe next week it will go down first to prepare for the next increase? Because usually the crypto market will always have a correction every time there is a very significant increase, that's why we must always be ready in various market conditions and not panic. Because at some point, the market will also get better and better again.

As we can see the market has been doing wonders within these few days and I think 80k-100k extremely possible because of numerous news that has been hitting the crypto space, so as trader or investor it's important to have a very cool position to have their asset sets, but presently it's also necessary to buy and hold because we may not see bitcoin at this level again.

[satpol_PP]

Well, here we are at the local peak of 69k for the fourth time in recent times. And this time the choice is coming soon, which means there is a chance that the price will break through this resistance level, and we will see 76k and higher for the first time.

Maybe after this there will be another market drop, a kind of correction for the crypto price in the market. Because so far, the increase has been quite rapid. While this is only mid-October. So, maybe next week it will go down first to prepare for the next increase? Because usually the crypto market will always have a correction every time there is a very significant increase, that's why we must always be ready in various market conditions and not panic. Because at some point, the market will also get better and better again.

As we can see the market has been doing wonders within these few days and I think 80k-100k extremely possible because of numerous news that has been hitting the crypto space, so as trader or investor it's important to have a very cool position to have their asset sets, but presently it's also necessary to buy and hold because we may not see bitcoin at this level again.

There are investors who believe that the price of bitcoin will rise but there are some predictions that say the price of bitcoin will fall, so be prepared for whatever will happen. because the crypto market and global conditions are difficult to predict. As investors who have been in crypto for a long time, we understand that usually October will see the price of bitcoin rise as long as there is no bad news hitting bitcoin that will affect almost all altcoins.

[dwyane36]

There are investors who believe that the price of bitcoin will rise but there are some predictions that say the price of bitcoin will fall, so be prepared for whatever will happen. because the crypto market and global conditions are difficult to predict. As investors who have been in crypto for a long time, we understand that usually October will see the price of bitcoin rise as long as there is no bad news hitting bitcoin that will affect almost all altcoins.

Yes, at the moment, the news background is calm, and Bitcoin is performing well in October. However, things can change very quickly.
For example, if the conflict in the Middle East escalates again and Israel decides to respond to Iran for those strikes, I am more than sure that the BTC rate will react negatively in this case, and we will see another red candle on the chart.

[debra]

The current price of bitcoin has reached $67K, investors believe that bitcoin will soon exceed the price of $70K. But we must be aware of bad news that may suddenly come and make the market red, the price of bitcoin plummets. Because we know that geopolitical conditions are not good and many investors are waiting for the results of the US presidential election. But if the price of bitcoin can exceed $70K, it is likely that by the end of this year we will see the price of bitcoin touch a new ATH at $85K.

According to Coinmarketcap site, today Bitcoin has reached $69,462. It is almost reaching $70k again, it is very close. But the price suddenly dropped to $67k now, it seems Bitcoin still not ready to reach $70k. But after this correction, I think there will be higher chance to see Bitcoin price at $70k again. Now, we need to be patient and wait for the next pump.

I even think US president election makes more people to be enthusiastic to buy more Bitcoin. Moreover, the FED keeps lowering the interest rates. If this good condition continues, $85k is very possible at the end of this year.

[dwyane36]

According to Coinmarketcap site, today Bitcoin has reached $69,462. It is almost reaching $70k again, it is very close. But the price suddenly dropped to $67k now, it seems Bitcoin still not ready to reach $70k. But after this correction, I think there will be higher chance to see Bitcoin price at $70k again. Now, we need to be patient and wait for the next pump.

BTC still looks bullish on the big timeframes. And to be honest, it is good to see that the bulls are not giving up and are trying to break through this strong resistance. However, since there was no breakout of the resistance level, I think we should expect either a deeper correction in the short term or consolidation at the current level.

[babo]

I recommend you read this thread on bitcoin talk


https://bitcointalk.org/index.php?topic=5513984.0

because I recommend it, a bitcoin price is hypothesized using gold as a comparator
it certainly has its own reason given that fiat money is always something highly volatile and also highly printed, I don't know if you understand what I mean
comparing bitcoin with fiat doesn't make much sense

[milewilda]

According to Coinmarketcap site, today Bitcoin has reached $69,462. It is almost reaching $70k again, it is very close. But the price suddenly dropped to $67k now, it seems Bitcoin still not ready to reach $70k. But after this correction, I think there will be higher chance to see Bitcoin price at $70k again. Now, we need to be patient and wait for the next pump.

BTC still looks bullish on the big timeframes. And to be honest, it is good to see that the bulls are not giving up and are trying to break through this strong resistance. However, since there was no breakout of the resistance level, I think we should expect either a deeper correction in the short term or consolidation at the current level.

Neither having some break out or having that rejection on which these are the only two possible ways on which the price would really be able to head on. There's no way that we could really be able to predict on where it would be going. Whom have thought that we would really be having that rejection that $70k price point when the market tends to drive bullish recently?
Just as anticipated that this is something a ceiling that couldnt be easily be break because if it does then it will really be heading to 80k in no time but of course things wont come
easy and this is why im not really that making myself being too optimistic so that it wont give out that disappointment. 

[Rubel007]

December is still a long time away from when the price of Bitcoin can change significantly. The market will turn again at any time even if there is little change in the price of Bitcoin in recent times. Bitcoin bull run is now everyone's hope that the market may change very soon. I expect Bitcoin to reach all-time highs by 2024. It may be $100k or more. But we will definitely be able to see a big movement between October and December. But this is just speculation that anything can happen at any time which is not impossible for Bitcoin.

[Crypto Library]

December is still a long time away from when the price of Bitcoin can change significantly. The market will turn again at any time even if there is little change in the price of Bitcoin in recent times. Bitcoin bull run is now everyone's hope that the market may change very soon. I expect Bitcoin to reach all-time highs by 2024. It may be $100k or more. But we will definitely be able to see a big movement between October and December. But this is just speculation that anything can happen at any time which is not impossible for Bitcoin.

I want to agree with your words that December is long time away form the price of bitcoin can change significantly because if the market is on his positive track market pump at bull season and make changed even creating a new all-time high price in the cryptocurrency industry.
I think even in two month or three month period bitcoin can have the significant pump. And what I think about the next bull season we will have the smells of the new bull season in the December of 2024 and the bull season will kick of in the beginning of 2025 and it will start its huge activity in the first quarter of the 2025. And these are only based on the previous performance of bitcoin.

[Asiska02]

Now Bitcoin movement is good. Some days ago Bitxoin price was under $60000. But gradually it’s price increasing. And now Bitcoin price is near about $68000. I think everything is Possible in cryptocurrency market. So if Bitcoin price increase like this then Bitcoin price in December will hit $85k. But now a days huge risk in cryptocurrency market even world economy for middle east warel crisis. Anytime could be anything because Iran Israel are now very aggressive. If they both entire in full war then Bitcoin price will fall instantly. So we should be more concern about it.

Just today, we have seen a very big surge in the price of bitcoin and it is now trading very high above the $72500 as of writing this post. Some people are already saying it is the bull run while some feel there are some time left and the main bull run will start by next year. Nevertheless, the price getting to $85K doesn’t mean we are in the bull run yet but may just have assumed a new all time high like it did before and we all thought it was bull run season. A lot of things such as fundamental news like you’ve mentioned may have affected the market but I don’t think this surge is been pushed by any fundamental news now. If this trend continues, we will definitely see the price hitting $85K by December.

[albon]

I've heard it said before buying any currency in crypto go up the stairs and down the elevator in a bull market. Doing your homework by researching the previous some year market cycle is something you would be wise to do very thoroughly. Either way my best guess is that the price of bitcoin will rise to an all time high of $87K to $96k in late 2024. But the stock market near the end of the time cycle can be affected by a black swan event. We expect some research and speculation based only because the future of crypto is unknown to everyone. Getting rich is easy if you can be 100% sure about the future of a currency. So this is impossible since we can only guess and proceed to invest based on that.