60k price recovery achieved - page 6.

24Kt

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Quote from: jostorres on October 18, 2021, 02:12:31 PM

Quote from: Tellek Garing on October 15, 2021, 11:31:11 AM

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

Yes we are going to see another most exciting bull run in coming days which means what we are actually looking for has not been achieved but we are on the right progress. Many people are speculating about getting into $100k price levels but I am expecting just double of that. Because, if every four years there will be 10x growth in bitcoin markets then we should get 10 times of ATH of 2017. It means we must get into $200k price levels by end of current bull run. By considering the level of interest being shown by institutions and governments on adopting/investing with bitcoins, I guess $200k will be possible by end of this year. So, really exciting days are ahead for this community.

It seems too much for me, 200k by the end of this year? But everyone is free to speculate in this market. For me, don't go overboard and rely on your speculations how you will manage your portfolio. It is quite hard to base your movements for something that is not yet happening. But it is great that finally SEC approved the first Bitcoin ETF. This, I believe, is one of the major reasons why btc price goes up above 60k. And if we will see the positive impact in the community, then, the price may continuously go up. However, it is better to be conservative with your hopes here.

jostorres

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Quote from: Tellek Garing on October 15, 2021, 11:31:11 AM

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

Yes we are going to see another most exciting bull run in coming days which means what we are actually looking for has not been achieved but we are on the right progress. Many people are speculating about getting into $100k price levels but I am expecting just double of that. Because, if every four years there will be 10x growth in bitcoin markets then we should get 10 times of ATH of 2017. It means we must get into $200k price levels by end of current bull run. By considering the level of interest being shown by institutions and governments on adopting/investing with bitcoins, I guess $200k will be possible by end of this year. So, really exciting days are ahead for this community.

STT

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I think we're struggling sideways at these top prices, its not yet a break through scenario. Usually a good foothold is required to launch upwards and at present that doesnt seem ready. A trader tells me its clearer on monthly bars and it might revise possible top pricing there still. I think we remain convoluted, prices will revise downwards before a better attempt upwards appears.

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Quote from: Rasa nanas on October 17, 2021, 03:31:39 AM

it is true that bitcoin is recovering very quickly, and will most likely break through ATH in the next few days. I am very happy to see the pattern of bitcoin price movement this year because bitcoin reached its highest price twice during one year. I think this is a very difficult event to happen and maybe in the future we will not see an incident like this again.

The quick recovery of the price of bitcoin was a good achievement despite reaching an ATH mid year, the price crashed and dumped to almost as low as $39K due to some bad influence, inspite of all the negative tweets about bitcoin and banning of cryptocurrencies related activities in China, bitcoin defies all that and resumed it bullish trend which the price is currently experiencing, I believe in few days to come another ATH will be achieved going by the current volatility and momentum of the price I now believe that bitcoin is unstoppable.

ene1980

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Quote from: Pamadar on October 18, 2021, 11:03:59 AM

~
The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.

It is hard to predict how the market would perform, i was also monitoring the market to see how the market would go as i too wanted to take my position and i was expecting huge sell off but there is a decent buy wall and lets see how the market will perform in the next two days and will take a position. With the way the market is performing we might hundred thousand by the end of this rally.

Pamadar

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Quote from: Yaunfitda on October 18, 2021, 08:42:56 AM

That is the biggest barrier so far, $63k-$64k might be difficult to break. But we still have this week though, it's been very unstable from $61k and up, which means there are a lot of constant buying and selling, we can see it in the volume per day.

The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.

Quote from: Yaunfitda on October 18, 2021, 08:42:56 AM

So let's wait for a bit to break that barrier, I wouldn't be surprised if we can do it this week. I'm a bit off the last week though of October or at least of every month because that's where the selling happens.

We never know what are the possibilities, but as long as there are people who continue to support and to work positively,

It ain't hard to see another good spike and a possible breakout before this month will end.

tengui

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I honestly once thought that the price drop after bitcoin hit ATH in April would be the same as it did in 2018, but I was wrong because bitcoin recovered quickly and managed to hit its highest point twice in the same year. many people waste the moment when the bitcoin price is below $30k because indeed many people don't think bitcoin will recover that fast.

Yaunfitda

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Quote from: Raflesia on October 18, 2021, 08:18:26 AM

Quote from: ultrloa on October 18, 2021, 05:36:57 AM

But its hard to say about buying while as we know not everyone can do it but if majority will not sell at this stage maybe we can contribute towards the pump of the bitcoin since we cannot add up the sell pressure in the market. But its hard to speculate about this as we cannot decide for others and the only thing we can do is to wait and see on how this bullish season end up also if we can see another ATH this year for bitcoin.

Just a little bit more bitcoin hitting ATH and the high in october was $62.5k but still not strong enough to hit it but I'm sure it can still hold on to $60k and people are still holding on to it and nothing else we can say just waiting for the next few weeks.

It's actually still the same way when bitcoin stayed at $50k for a few days and after that the price bounced up after the rally came, so it won't be any different than before and we'll definitely hit the target for ATH.

This is my speculation reminiscent of the previous one.

That is the biggest barrier so far, $63k-$64k might be difficult to break. But we still have this week though, it's been very unstable from $61k and up, which means there are a lot of constant buying and selling, we can see it in the volume per day.

So let's wait for a bit to break that barrier, I wouldn't be surprised if we can do it this week. I'm a bit off the last week though of October or at least of every month because that's where the selling happens.

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Quote from: ultrloa on October 18, 2021, 05:36:57 AM

But its hard to say about buying while as we know not everyone can do it but if majority will not sell at this stage maybe we can contribute towards the pump of the bitcoin since we cannot add up the sell pressure in the market. But its hard to speculate about this as we cannot decide for others and the only thing we can do is to wait and see on how this bullish season end up also if we can see another ATH this year for bitcoin.

Just a little bit more bitcoin hitting ATH and the high in october was $62.5k but still not strong enough to hit it but I'm sure it can still hold on to $60k and people are still holding on to it and nothing else we can say just waiting for the next few weeks.

It's actually still the same way when bitcoin stayed at $50k for a few days and after that the price bounced up after the rally came, so it won't be any different than before and we'll definitely hit the target for ATH.

This is my speculation reminiscent of the previous one.

ultrloa

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Quote from: kotajikikox on October 18, 2021, 05:31:42 AM

Quote from: Tellek Garing on October 15, 2021, 11:31:11 AM

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

The rally end up to almost 63,000 a 1k below to the recent ATH

https://coinmarketcap.com/currencies/bitcoin/

Now again bouncing from 60k to 62k and what comes next is nothing we can speculate , but if we will help the market by Buying and keeping it up? then maybe we can across that ATH within this Month of October.

Of course depend on How whales stick to their plan of holding lol.

But its hard to say about buying while as we know not everyone can do it but if majority will not sell at this stage maybe we can contribute towards the pump of the bitcoin since we cannot add up the sell pressure in the market. But its hard to speculate about this as we cannot decide for others and the only thing we can do is to wait and see on how this bullish season end up also if we can see another ATH this year for bitcoin.

kotajikikox

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Quote from: Tellek Garing on October 15, 2021, 11:31:11 AM

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

The rally end up to almost 63,000 a 1k below to the recent ATH

https://coinmarketcap.com/currencies/bitcoin/

Now again bouncing from 60k to 62k and what comes next is nothing we can speculate , but if we will help the market by Buying and keeping it up? then maybe we can across that ATH within this Month of October.

Of course depend on How whales stick to their plan of holding lol.

Kadal Ijo

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One fact that bitcoin is the most profitable investment, happy because the price hits $60k again and I'm sure we will get new ath in october, maybe around $70k, keep buying and holding then we can reach the end of the year $100k price.

barbara44

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Quote from: Ultegra134 on October 17, 2021, 11:01:35 AM

I'm not that optimistic when it comes to price speculation, however, despite the price almost reaching April's ATH, it has a long way before it can surpass and reach $70,000.

All the people who are all still pessimistic like you might get surprised when bitcoin will show you 100% rise in very short period of time like 1 or 2 weeks of time. So, getting into the region of $70k may happen at any time hence you need to be ready to embrace new ATH.

Quote from: Ultegra134 on October 17, 2021, 11:01:35 AM

We're only two months away from the new year, I'm pretty positive that Bitcoin will reach a new record in the near future, however, anything higher than that may be breached within the last weeks of December.

Anything above the current ATH, could be considered as a new record price but I want to be more precise on that. I mean I am too positive about getting into $100k levels by the times of new year. $100k is the minimum we could expect and the maximum is something we could not speculate right away because some experts are speculating about reaching $400k levels as well by end of this year.

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Quote from: Sled on October 17, 2021, 09:40:29 AM

Quote from: Rajamuda on October 17, 2021, 08:31:23 AM

Well, wherever the pattern of price movements sometimes gives certain surprises on its journey, we are here just like watching and preparing related to price movements which are now at the level of $60k. This will certainly attract a lot of arguments/speculations from many people, as well as the interest of many people, that how prominent bitcoin is from time to time shows the best side of its role in successfully blending in with investors and traders.

Reaching its new ATH is not far from happening again and looking forward to seeing the price will reach $70k next month. But, we can't just ignore the possibility that whales will dump their Bitcoin and ruin the current momentum. This might be uncertain but we know and aware of how these whales take advantage on the market, and so we have to prepare for it rather than being confident, otherwise.

I'm not that optimistic when it comes to price speculation, however, despite the price almost reaching April's ATH, it has a long way before it can surpass and reach $70,000. We're only two months away from the new year, I'm pretty positive that Bitcoin will reach a new record in the near future, however, anything higher than that may be breached within the last weeks of December.

There's a bright future ahead of us, I'm hoping that new challenges will unfold in the upcoming year.

Sled

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Quote from: Rajamuda on October 17, 2021, 08:31:23 AM

Well, wherever the pattern of price movements sometimes gives certain surprises on its journey, we are here just like watching and preparing related to price movements which are now at the level of $60k. This will certainly attract a lot of arguments/speculations from many people, as well as the interest of many people, that how prominent bitcoin is from time to time shows the best side of its role in successfully blending in with investors and traders.

Reaching its new ATH is not far from happening again and looking forward to seeing the price will reach $70k next month. But, we can't just ignore the possibility that whales will dump their Bitcoin and ruin the current momentum. This might be uncertain but we know and aware of how these whales take advantage on the market, and so we have to prepare for it rather than being confident, otherwise.

freedomgo

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Quote from: Jating on October 17, 2021, 08:17:18 AM

I'm sure though we are not going to sell until we have $100k or more.

I don't know if I can still wait for that, or for some investors would wait for that price, you know, whales take advantage of easy profit and they could just sell to make the price dump again and they'll start accumulating again. We've seen a lot of correction already this year, so I believe that correction would come again once a new ATH will be achieved this year.

Rajamuda

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Well, wherever the pattern of price movements sometimes gives certain surprises on its journey, we are here just like watching and preparing related to price movements which are now at the level of $60k. This will certainly attract a lot of arguments/speculations from many people, as well as the interest of many people, that how prominent bitcoin is from time to time shows the best side of its role in successfully blending in with investors and traders.

Jating

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Quote from: marine4u on October 17, 2021, 07:57:58 AM

Yes, I believe this has been a good bitcoin recovery cycle since late April. In fact, it is clear that the market is reacting well and the value of the recovery has represented the complete elimination of the Chinese FUD, which is what which we have never done in the past.

Bitcoin is getting closer to the previous ATH, a moderate swing at $60k is showing that accumulation and holding efforts have formed consistently. The possibility of breaking out to the area of 68k - 70k when we have taproot in November is huge. But I doubt how the outcome of the bitcoin ETF will affect the market tomorrow.

Or maybe another ETF approval may have pushed the price to another all time high this month. And as you have said, the taproot is one of the most anticipated released for this year, so around $80k in November and then the "expected", 6 digits in December.

But it was a tough road to all of us since May, when the price goes down to $28k. And lucky for those holders who keeps on accumulating at that the price because it is already a realised profit today when we breach $60k. I'm sure though we are not going to sell until we have $100k or more.

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Yes, I believe this has been a good bitcoin recovery cycle since late April. In fact, it is clear that the market is reacting well and the value of the recovery has represented the complete elimination of the Chinese FUD, which is what which we have never done in the past.

Bitcoin is getting closer to the previous ATH, a moderate swing at $60k is showing that accumulation and holding efforts have formed consistently. The possibility of breaking out to the area of 68k - 70k when we have taproot in November is huge. But I doubt how the outcome of the bitcoin ETF will affect the market tomorrow.

Victorycoin

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This is a very good year for bitcoin recovery but by the beginning of next year the exchange rate of bitcoin will have doubled and crossed the 65k milestone and in the long run it can go to a higher position judging by the volume of transactions, the potential price of ethereum, the second largest cryptocurrency or digital currency could rise significantly. If ethereum goes to that level, the price of bitcoin will rise closer to the top.

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