Topic: another ATH , 71k and still climbing. - page 2. (Read 1446 times)

In every cycle there would really be that breaking those new all time high on which it would really be just that something that anyone is really that anticipating and expecting. This is why it would really be that normal that people would really be that preparing and really that trying out to go or place themselves at the bottom to have that possible maximum profitability on the moment that the market would really be making out such price increase but of course there's no one who would really be able to know on how far it would be able to reach out. Bitcoin never fails to impress us and this is something that do happen every cycle on which do thought that this would already be that high when it comes to price but there's something which is more higher. We didnt even expect with that it do able to break its previous all time high before halving because it do usually happens after halving on which this is really the case but we've seen different recently on which tons had really that get surprised on this one.

The realistic numbers that we could have on this possible bull run would be sitting around $150-200k which is something that might be able to see on this upcoming bull run but since we do know
that this market hasnt have that assured numbers then it would really be that always speculative. There are even speculations talking 400k on which it is already that too far off.

Well, that's something that has been happening ever since. People just can't continue buying when the bitcoin price were constantly rising. Not everyone is a long term hodler, some people does short bitcoin effectively especially during a new ATH been reached.
Bitcoin is currently hovering around the region of $68k - $70k max, it will be just a matter of time when investors starting to realize that we are heading to a new ATH in the next 5-10 months time and this would create another run to up to 80k to 90k or even testing the 6 digit figure. However, we should always expect a shar correction once bitcoin reached these figures.

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.

It stopped at 73k mate and did not happen breaking 75k but hope is still there as we are keep seeing market growing here and dropping there and we are just waiting for what to come and i think this is the best way to increase our holding while the market is showing this movement.
not sure about that ETF for ethereum because I believe that this will not be happening sooner .

Many bitcoin investors attribute bitcoin's recovery to the impact of the halving because they do not want to believe that ETH is leading the market. But it is clear that the recent recovery of the entire market is thanks to the news of the ETH ETF.
I think that whether the ETF is approved or not, the market will still correct in the same way that bitcoin ETF is approved. I think “sell the news” is inevitable, but if the ETH ETF approved, we will soon see a market recovery and even a bull season come sooner than we expected.
With the recent news I read, I am optimistic and believe that the ETH ETF will be approved. Not only has bull season arrived earlier than expected, but this has even been a super bull cycle for us.

     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.

Failure to beat 70k confidentially could resolve tomorrow properly if we can confirm higher lows in this area.



This is the view I have on 1hr bars with 2 day average on the blue moving average, this has roughly been in line with the positive action recently.  Weekly average is further behind at 67k giving some leeway but ideally I dont want to see BTC price action below 69.1k closing on 4hr bars.   Consistent positive movement in this area would be helpful for the wider picture of breaking a multi month drift and decline.

I dont think I have to say especially if we break a decline, the positive outlook is then far more likely to take place ie. we finally break this range and stop repeating.    Till this is all proven even with this short term positivity I still expect a continuation and repeat as the current trend to be repeated; its the record playing on repeat thats the one to break.

This is only April start all over again, the peak then was 72.8k so put a line in the sand

Exactly, Bitcoin price is currently stable at around $70k. If Bitcoin always has price movements like this then there is a possibility that Bitcoin will reach a price of $100k this year. Moreover, next year will also enter the altcoin season, so I am sure Bitcoin will easily reach the high price that many people expect.

I also have a view like you, if I see the market price turning green because of the news about the ETH ETF that will happen tomorrow. So I also don't see this as an impact of the halving, because ETH jumped higher than BTC but this is also good enough to attract investors. But even so, both BTC and ETH have now reached significant resistance levels, so it's best to continue using bitcoin and ETH.

If the ETF approves ETH tomorrow, it is very likely that all markets will experience another significant increase and will even break the current resistance level, then Bitcoin will exceed $73k and ETH will exceed $4k. This is just a prediction, everything comes back to their respective research in investing.

What do you think is the reason why bitcoin and the entire market turned green? I believe this impact is due to the news of the ETH ETFs rather than the impact of the halving. Looking at ETH, it jumped over 20% in just one day when news broke that there is a 75% chance that the ETH ETF will be approved on May 23. But like a bitcoin ETF, nothing is guaranteed until official news is released so there is still a chance that the market will be severely dumped if the ETF is not approved.

Yes, it seems that the price trend is getting us closer to where we are all waiting for the breakout that leads us to break the ath and the $100,000 area, which is a figure we are all very excited to beat. As usual, we cannot be sure of anything and we cannot rule out that the next direction of the price will be down, but if we are investing for the long term we will not care a bit. The rest of the year will most likely be good in terms of price.

Very nice price action, so far. Am not surprised though for Bitcoin to reach $71k again, that just range it has been ranging since after the drop from ATH at $73k. The dump we were experiencing is a normal price action, only the impatient as you said were confused.

I can't say wether we are gonna see Bitcoin above $100k, but I can say we will create a new ATH before the massive bull breakout. Once I see price create a new ATH then I can be more optimistic for greater height in price this year.

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

100k is just a round number, I think of that figure like I might 75k its in the area now but less of a big deal then when we were stuck in the teens looking up at these prices.

When BTC breaks free of these old prices and volume from years ago it should go much further then just another 25k.  Thats been the dynamic previously that unimpeded by historic volume the pricing rose far more easily then expected.

No doubt people find a magical resonance about 100k but every price in every country is slightly different, dollar is most common but not the only price.   In any case Dollar has altered over time alot, its not a fixed standard or worth and inflation only reflects dollar's constant decline.

Right, at least 6 months will be will good to see how the effect of the halving is to the price. In the past we have heard this kind of sentiments as well, that the effect is not felt and there are some kind of skepticism.

Nevertheless, Bitcoin has proven these people that they are wrong, prices will eventually grow but it will take some time. And it's like that the market is going to test each and everyone of us, and only those who is known to have a "diamond" hand will survived at this kind of investors are looking at the bigger picture and not worry where the price is today. Just wait till the end of the year and maybe by that time we are in the six figure mark of $100k.

@tengui should already know what bitcoin price movement patterns are because he has been here since 2017. He has been in 2 halving cycles so I think he already understands when a bull market can be expected.

It is true that patiently holding and continuing to accumulate is the key to success in getting more returns from bitcoin investments. Halving does not immediately push the price of bitcoin up so much in one to two months, but the price will rise over time even if it takes several months. Patience is key, but maximizing to build a portfolio should be a good plan right now.

You perhaps didn't quite get the spirit of my post, heh. A new ATH this year is the general consensus, really. Post halving and all that, buoyed by an unexpected pre-halving ATH and ETF euphoria, tag on an unexpected boom for the US economy, you've got a cocktail brewing. Just not sure people will like the withdrawal after that. A crash now rather than later could innoculate some of the blowback, that's how I always feel with these cycles.

Did you expect fireworks or the "God candle" the very minute halving occurred?
The effects of the halving will be spread over longer period of time. If you look at the previous cycles, you'll see that it could take months or over a year after halving for the price to reach the peak.
Patience.

currently to reach $75k is very difficult because it seems that the halving does not have a significant impact on the increase in bitcoin prices. You can see that after the halving occurred, the price of Bitcoin has remained stagnant and even tends to fall. I'm starting to believe the theory of some people who say that the ATH this year is $73k. but I still hope that the price of bitcoin can reach a much higher ATH because until now I still hold the bitcoin that I have.

I do agree we all have our dreams and what price we wanted. And with that, we should really be careful of our predictions, who really don't know, maybe we can hit it or not. But yes, it should be really baby steps, maybe in this bull run we will be looking like $100k++ first and then before we can talk about half a million to $ 1 million.

That's a big dream to all of us, and again, just imagine if it become true, what will be our life will be then.

And that's why we really need to keep dreaming and continue to accumulate no matter what.