another ATH , 71k and still climbing.

btc_angela

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Quote from: AnonBitCoiner on June 16, 2024, 01:50:42 AM

Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

But there are investors or traders alike who wants to complicate things on their end, that's why they become stressful when there is a slippage in the price like what we have seen in recent when the price goes down to $60k and for sure there could be a newbies somewhere who are afraid and got nervous because they might have bought at a higher price and might have pulled the sell button.

However, for veterans or who have the experienced for many years here, it's just a bit normal, price fluctuates, nobody will know what the future holds. But if we are here for the bigger picture then why not just buy cheap and hold, a great example is when the price is at lowest low during the bear market at $15,500. If you have that mental fortitude to not sell and have bought around that price, you are still in a big profits and just waiting for the price to hit $100k in 2025.

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Quote from: AnonBitCoiner on June 16, 2024, 01:50:42 AM

Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

Why people cant really be able to bare up with the market movement or really that simply they are expecting something about having that one movement? We arent that still on a bull run yet on which
it would really be that too early to make or draw out some conclusions on which we know that this market have cycles. We arent that something that we could be able to predict on where it would be heading.
$70k+ ATH isnt something that would be hard to break out. Now on the current situation that we are in now on a dropping market but not really that much yet its been holding into the support.
You would really be able to say that this might be holding up and preparing for another leg up. Although no one would really be able to know on how far we would really be able to hit up
max on this current cycle.

AnonBitCoiner

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Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

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Quote from: Yaunfitda on June 14, 2024, 04:03:57 AM

Quote from: STT on June 13, 2024, 04:03:35 PM

50 day average is still climbing which is good but we have a weeks worth of trend decline seems like. The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing. Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

Yep, it seems that when we try to break our have a break out run, suddenly the price will go on the opposite side. Not sure what it is, perhaps there are selling pressure when we reach like $71k and there are speculators shorting Bitcoin that time to make quick profit. We can understand that, regardless though, we still have 6 months to go for this year, anything can happen and I do believed that TA will corresponds to a new high in price. We just need to see one movement or a positive news to push the price to $70k and maybe at that x attempt, we will finally maintain that price and then go up again to set new ATH.

I would say that people usually do not want to sell but when you think about the future, you realize that you have seen one too many times when it reached 72-73 levels give or take, like the peak, and you know that why would you keep it going after that knowing that each time it has done that, it went down.

People do not trust each other, which means that we are going to end up with something that will take a lot of issues and we should probably consider how it could move differently, it is not going to be too simple and it will not be understood all that easy. If we keep thinking that others will join us when we buy, then when others sell we will be left with a bag, that is why whenever it peaks, everyone sells while few just holds.

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Quote from: STT on June 13, 2024, 04:03:35 PM

50 day average is still climbing which is good but we have a weeks worth of trend decline seems like. The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing. Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

Yep, it seems that when we try to break our have a break out run, suddenly the price will go on the opposite side. Not sure what it is, perhaps there are selling pressure when we reach like $71k and there are speculators shorting Bitcoin that time to make quick profit. We can understand that, regardless though, we still have 6 months to go for this year, anything can happen and I do believed that TA will corresponds to a new high in price. We just need to see one movement or a positive news to push the price to $70k and maybe at that x attempt, we will finally maintain that price and then go up again to set new ATH.

STT

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50 day average is still climbing which is good but we have a weeks worth of trend decline seems like. The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing. Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

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Quote from: ScamViruS on June 09, 2024, 05:56:23 PM

Quote from: Zanab247 on June 06, 2024, 02:49:35 PM

Quote from: ScamViruS

Quote from: tengui

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

And they will not regret in hodling their BTC for long period of years because the price will surely pump above that $100k if they can continue hodling it because there will be another bull run that will make another ATH to happen in the market.

When you cross your mind to go for long hodling, I don't think bear season will distract you to trade when your price you wish to see before you can trade is not yet in the market, and there is nothing will make you trade at the moment than to continue hodling to see the $100k before you can take big profit.

The next ATH will going to be massive in the market, it will be good for people to use this advantage to invest more on BTC and continue hodling for the next ATH to hit the market.

Those thinking of holding Bitcoin from a long-term perspective do not actually lose, because if you wait patiently, the market will experience a massive bullrun and investors can book big profits. After the last bull cycles of Bitcoin, the market corrected and the top buyers' Bitcoin went down but at one time the market recovered and they got several times the return of their investment, they just controlled their emotions and waited patiently.

So investing in Bitcoin is always profitable if those investors have patience and have detailed knowledge about what Bitcoin actually is. So Bitcoin will break many more big ATHs in the near future and I am confident about that.

Totally depends on what price you had entered and if you have bought on the peak of bull run and ending up on having those negatives when bear market hits then for sure you would definitely be having that kind of panic feeling deep inside not unless if you are really that holding for long term then it wont really be that an issue but we do know that it would really be always best that whenever to make some entry point then it would be best that we should be keeping it on the bottom as much as possible. So market corrections would be the best time for you to accumulate more but the main issue whenever these things happen is that instead on accumulating they would really be rather that be having those doubts or hesitance because they would really be having in mind that it might go down even more. This is the main challenge when trying out to make some possible bottom entry.

Now we do see the perfect example on what we do have now on which the price is decreasing then we would really be mainly thinking on what would be the possible bottom price would be?
So it would really be that natural because we would really be trying out maximize profits as much as possible.

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Quote from: Mate2237 on June 06, 2024, 05:22:44 PM

It is gradually coming down again and and we don't know the next Pump it is planning. And in this year it has reached All Time High three times. In 2021 the All Time High was $69k. Then this year at first it hit $70k, secondly it hit 72, thirdly it hit $73k and today again $71k and that means this year it will only hit All Time High throughout the year. And early next year it will hit the last All Time High of $100k. And all the predictions of $100+k would come to have rest.

Today the price has returned to $67K mate, which means that currently everyone is seeing a price correction which of course will continue to take advantage of this condition as long as it lasts because this year I see that the time for price correction is not that long in Bitcoin. And I am also sure that the price correction that occurred today will not take too long and the Bitcoin price can still return to the $70K area or more. Although some people still want to see something like today in a few days because they may still really want to buy Bitcoin under $70K.

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Quote from: Mate2237 on June 06, 2024, 05:22:44 PM

It is gradually coming down again and and we don't know the next Pump it is planning. And in this year it has reached All Time High three times. In 2021 the All Time High was $69k. Then this year at first it hit $70k, secondly it hit 72, thirdly it hit $73k and today again $71k and that means this year it will only hit All Time High throughout the year. And early next year it will hit the last All Time High of $100k. And all the predictions of $100+k would come to have rest.

I might not know the reason but it might be the correction that is going on. And it is the good time to be continue hodling the coins.

When market is range-bounded, those who are expert traders take a lot of profit and we should also learn whether the market is bearish or bullish, how to continue trading all the time, and how to make a profit. The majority of people agree that Bitcoin will hit $100k by the end of this year or in the next year, so if we are as loud and believe that Bitcoin will touch $100k then it's a good opportunity for everyone.

There is a way to buy Bitcoin but to hold, I don't think so, I think Bitcoin can correct up and go down further so instead of holding for a very long time, buy when it goes down a bit. Do it and sell it when it goes up a bit. Yes, there is some amount of patience required to keep up, hold, and don't sell the previously bought bitcoins, but you can make a good profit by taking advantage of this time.

STT

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Surprisingly good close to this week despite the selloff its clawed its way back some. This close will be the highest weekly bar ending since the close of March even after the sell on Friday.

This alone is not much but the leading context is a setup for future gains. We remain above the prior ceiling or range bound action which gives the hope still of reaching far beyond that limited action we've been in since March.

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Quote from: Zanab247 on June 06, 2024, 02:49:35 PM

Quote from: ScamViruS

Quote from: tengui

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

And they will not regret in hodling their BTC for long period of years because the price will surely pump above that $100k if they can continue hodling it because there will be another bull run that will make another ATH to happen in the market.

When you cross your mind to go for long hodling, I don't think bear season will distract you to trade when your price you wish to see before you can trade is not yet in the market, and there is nothing will make you trade at the moment than to continue hodling to see the $100k before you can take big profit.

The next ATH will going to be massive in the market, it will be good for people to use this advantage to invest more on BTC and continue hodling for the next ATH to hit the market.

Those thinking of holding Bitcoin from a long-term perspective do not actually lose, because if you wait patiently, the market will experience a massive bullrun and investors can book big profits. After the last bull cycles of Bitcoin, the market corrected and the top buyers' Bitcoin went down but at one time the market recovered and they got several times the return of their investment, they just controlled their emotions and waited patiently.

So investing in Bitcoin is always profitable if those investors have patience and have detailed knowledge about what Bitcoin actually is. So Bitcoin will break many more big ATHs in the near future and I am confident about that.

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Quote from: Mate2237 on June 06, 2024, 05:22:44 PM

It is gradually coming down again and and we don't know the next Pump it is planning.

That's fine, it plays around from $67k - $71k.

With that range, it can be said that it's actually good price while being stable at those price.

Quote from: Mate2237 on June 06, 2024, 05:22:44 PM

And in this year it has reached All Time High three times. In 2021 the All Time High was $69k. Then this year at first it hit $70k, secondly it hit 72, thirdly it hit $73k and today again $71k and that means this year it will only hit All Time High throughout the year. And early next year it will hit the last All Time High of $100k. And all the predictions of $100+k would come to have rest.

And that's why this year up to next year it will reach every new high that we're going to have but it might take time if we're going to check it from to time.

Becase from that perspective, it might be boring and quite long by looking at it.

Quote from: Mate2237 on June 06, 2024, 05:22:44 PM

I might not know the reason but it might be the correction that is going on. And it is the good time to be continue hodling the coins.

A normal move of its volatility but not actually a correction, it's still on $70k.

Mate2237

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It is gradually coming down again and and we don't know the next Pump it is planning. And in this year it has reached All Time High three times. In 2021 the All Time High was $69k. Then this year at first it hit $70k, secondly it hit 72, thirdly it hit $73k and today again $71k and that means this year it will only hit All Time High throughout the year. And early next year it will hit the last All Time High of $100k. And all the predictions of $100+k would come to have rest.

I might not know the reason but it might be the correction that is going on. And it is the good time to be continue hodling the coins.

Zanab247

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Quote from: ScamViruS

Quote from: tengui

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

Those who look at the market from a long-term perspective still hold their bitcoins to reach the 100k target. In the short term, market changes don't really affect them as much as they do you. Bitcoin will definitely go to 100k but it may take time, and patient investors will win in the end because they know the future potential of Bitcoin. So I think your decision is right about waiting until you achieve the 100k bitcoin target. Bitcoin has already broken the previous ATHs, Bitcoin is now in the price discovery stage so it will be most interesting to see where Bitcoin's next stop will be.

And they will not regret in hodling their BTC for long period of years because the price will surely pump above that $100k if they can continue hodling it because there will be another bull run that will make another ATH to happen in the market.

When you cross your mind to go for long hodling, I don't think bear season will distract you to trade when your price you wish to see before you can trade is not yet in the market, and there is nothing will make you trade at the moment than to continue hodling to see the $100k before you can take big profit.

The next ATH will going to be massive in the market, it will be good for people to use this advantage to invest more on BTC and continue hodling for the next ATH to hit the market.

Yaunfitda

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Quote from: el kaka22 on May 25, 2024, 01:29:55 AM

We should consider ourselves lucky if we are holding. Remember, there are a lot of people who sold during this in between period because they were scared and feared, there were a lot of people who didn't make it to this part unfortunately, there were people who needed money for something they have to cash out and many other reasons, so if you are still holding then you should be thankful for being able to.

It's already given, if you are a long term holder, then you know what the market can bring to you in the future. So it's not about how lucky we are, it's about careful planner and then the rigorous holder mentally. It's tough to continuously buy every month and not be bothered by the price change or when the price goes down because you are looking at the bigger picture.

Quote from: el kaka22 on May 25, 2024, 01:29:55 AM

I personally believe that we are going to have a decent summer, not saying like 100k+, but a reach to 80k isn't out of question and we could maybe see a little bit more. Maybe we are at the start of that right now and the price will do fine, I think people should realize it is not going to be that complicated.

$100k at the end of the year is possible though. That's what I'm looking and then in 2025, we could really go on a parabolic rise. $100k is just the starting point for this bull run and we might see close to $150k or even higher as a new all time high.

rodskee

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Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

Quote from: peter0425 on March 11, 2024, 04:36:53 AM

are we going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/ the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and
was forced to break the previous ATH, and when the previous one was broken and there was a new ATH,
then there started to be a correction for more than two months.

sounds close but not completely right , because the pump now is not forced but the effect of the halving and the ETF so market act crazy nowadays and correction will keep happening because this is a normal after having some growth.

Quote

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

who has target? who are THEY? if you are talking about investors then it is not their target but instead
market will act depending on how the investors support this.

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Quote from: kamvreto on May 23, 2024, 06:18:25 PM

Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

Quote from: peter0425 on March 11, 2024, 04:36:53 AM

are we going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/ the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

then there is no reason to hold off buying back at a price crash and when bitcoin is at $49k it is actually a very good price to start buying and holding. but many people started not to believe in bitcoin when the price moved erratically and tended to fall but when the bullrun arrived it reached a new ATH above $70k, that was a very high price and even lasted quite a long time. If there is an opportunity to buy at a cheap price then don't waste it and make a repeat purchase.

When a correction occurs, I agree with you that you don't lose the opportunity to immediately buy again, because with a corrected price, of course, the price you get will be cheaper, so you can make even better profits in time.
We know that the second ATH will be formed in 2025 and that is still quite a long time and there could always be surprising events that we cannot predict, so stay prepared for whatever will happen.
I think that after the halving there will be a decline, and it is all natural to encourage Bitcoin to increase again.

el kaka22

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We should consider ourselves lucky if we are holding. Remember, there are a lot of people who sold during this in between period because they were scared and feared, there were a lot of people who didn't make it to this part unfortunately, there were people who needed money for something they have to cash out and many other reasons, so if you are still holding then you should be thankful for being able to.

I personally believe that we are going to have a decent summer, not saying like 100k+, but a reach to 80k isn't out of question and we could maybe see a little bit more. Maybe we are at the start of that right now and the price will do fine, I think people should realize it is not going to be that complicated.

CageMabok

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Quote from: lepbagong on May 22, 2024, 08:09:21 PM

It seems that Bitcoin has been doing the same as you said, but it might be corrected again to provide reinforcement when it will reach a certain price to be able to increase again, it is not impossible to pass the ATH that he has made, but when it will begin to be done it is difficult to predict it.
I think there is a target to be achieved by Bitcoin at the end of this year before later to create the latest ATH in 2025. The right number could be at $ 100K. For that Because of the right time when corrections to keep buying and holding it.

If you look at the time to reach a new ATH again this year, of course it is still quite possible for Bitcoin to again exceed the ATH that previously occurred this year. Because remembering that there are still a few months left this year, we must not forget the problem of price corrections which can sometimes still occur this year. However, if you look at the current price of Bitcoin, which is not too far from the previous ATH figure, this could certainly open up the possibility for Bitcoin to reach a new ATH before next year if the price increase continues to occur every month.

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Quote from: Ben Barubal on May 21, 2024, 09:04:01 PM

Quote from: peter0425 on March 11, 2024, 04:36:53 AM

are we going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/ the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

then there is no reason to hold off buying back at a price crash and when bitcoin is at $49k it is actually a very good price to start buying and holding. but many people started not to believe in bitcoin when the price moved erratically and tended to fall but when the bullrun arrived it reached a new ATH above $70k, that was a very high price and even lasted quite a long time. If there is an opportunity to buy at a cheap price then don't waste it and make a repeat purchase.

Topic: another ATH , 71k and still climbing. (Read 1459 times)