Topic: another ATH , 71k and still climbing. - page 3. (Read 941 times)

As I said previously, crabbing at $70k levels for prolonged period of time was never an option. We had to see a further rally and test $75k resistance region or have an awaited by many correction.
I wouldn't quite call the recent flash crash a correction quite yet though, as it could turn out to be a small bump on the way up, but we shall see some more action in the days to come.
There is/will be some selling pressure from the UK market, as the tax year ends on 5th April and there will be a reduction in the capital gains allowance from current £8,000 to £3,000 from 6th April. It shouldn't have any major impact though.

After passing the ATH, bitcoin has not been able to move to penetrate $74K until now, certainly indicating that the halving period which is near may have an influence, so you have to wait after the halving. Maybe there will be two possibilities, correction or increase. Usually at the beginning there will be a correction, and then it will increase later, and the increase is of course based on assumptions and I think $100K will be generated at the end of this year.
But always maintain that if the opposite happens and cannot be achieved, of course it will follow the 4-year period which falls in 2025 with the latest ATH achievement.

i've seen some different pattern with this bullrun around where the recovery of price after correction is realy fast if compared to back then, thats the reason why i vehemently believe that such price point can get reached just within short amount of time no need to wait for another bullrun in the future i'm really sure that such price could be gained within this bullrun alone. even though i might come off as some kind of overly optimistic but i'm sure that $100k will happen this bullrun but not sure when, also not sure the length of the bullrun maybe this one gonna be a long lasting one we all know that the bearish back then was quite long so i'm expecting that this bullrun can at least go as long as bearish back then.

but what intrigues me though whats gonna be the bottom price of the next bearish, will it hit as low as before since back then people are so doubtful with the condition of bitcoin thinking it might get doomed but right now i think many people have realized that its a cycle certainly these people that already realized will always buy bitcoin at low so if this bullrun hits really high price, next bullrun the price of bitcoin gonna be massive.

that is potential but we have no assurance , bitcoin will be climbing after halving like what the recent after that event though there are a lot of different actions we have this year because look how much the price of bitcoin still while halving is so near to happen, in the past seasons ? we mostly dropping in this area but like at this point? maybe we will see different approach this time around , 3 weeks to go now guys keep your funds intact and ready to react .

We haven't seen $73k since Bitcoin price broke the ATH, I can't say it will get to $75k this very moment because when it was suppose to get to that amount ($75k) the market price fell very fast to $59k, but as we're in a new week and also a new month I believe things might change for good base in how positive the market price is and this might trigger some holders to start panicking even though we're very close to that awaiting moment, The HALVING.

Bitcoin needs time to go higher than ATH but it is assumed that 80k$ will aquire in coming months. 100k$ is achievable price but about timing our thinking limits ends because everyone is deciding about their investment according to assumptions not the reality.

Bitcoin is 69k$ this time so there is a probability that it will get the cost of 80k$ very soon and if we talk about 100k$ then if Bull season remains as higher as it is then 100k$ will come till the month of December steadily.

Of course I tried hard enough to hold on to the investment and still accumulate bitcoins following the DCA method.  I have bifurcated my holdings following the DCA approach with a roadmap of holding for five to ten years or until the halving in 2028. And my other halt is that I hold for every halving. So I will sell the hold in 2025 and keep another hold until 2028.

You need to tailor your investment strategy to your Bitcoin holdings.You should choose holdings regardless of the forecast or actual price.

you are right, the market has not experienced a high correction after the significant increase from last month, I am worried that the prediction of the market increase does not match expectations because there is potential for the market to experience a high correction before the next increase, we have to ensure market movements in a few weeks before the halving.

It is possible that the market will not reach the price of $80k before the halving based on the movement patterns in the previous halving period, but we cannot be sure of crypto market predictions because anything can happen that we don't expect.

I don't put too much faith in ETFs, I'm just saying what's going on as I feel. I just know that thanks to the ETF catalyst, bitcoin reached an ATH before the halving and that has never happened before.

And talk about onchain data about the flow of money through the ETF to enter the market. There is a lot of onchain data provided by services, I think you have never tracked them so you already have some suspicions about them. According to some reports I read every day, on some days bitcoin ETFs are even buying more bitcoins than are mined each day. So, if you think that the increase in bitcoin price is not due to ETFs, you are not entirely correct. Additionally, you can also look back at the history of when gold was approved for ETFs, while it's impossible to say that gold and bitcoin will be the same, it's still worth comparing when it comes to ETFs.

I have similar expectations but we need to understand that there has been no major correction of Bitcoin price we may see some swings but yes it will surely esd towards $80k and all it needs is a surge like we have witnessed in last few months and Bitcoin trending around $80k itself is a good sign of strong support. $100k definitely looks difficult before halving but eventually it will be breached.

You are giving too much credence to the ETF in my opinion, the market acted positively beyond the ETF inflow itself, but the market feelings (psychology). First, I do not know anyone who will take an advancing opportunity in the cryptocurrency space for granted, it is obvious that the ETF is a plus for Bitcoin and would help the price to rise no matter how little. Nonetheless, the thing I know is that the market acted purely psychologically in the second half of 2023 rather than what people think of it. Had it been the ETF was filed for approval in 2022, it would have been a different story compared to what happened in 20. The effect would never have been like what we witnessed, so giving too much credence to the ETF due to the FOMO in the market is not so worth it, the main credence should have been left for the true effect when there are inflows through the ETF companies.

For better clarity, the market is funny, could you believe that an ordinary rumour could be so impactful in the market that people would be so surprised at what happened? And when the main news comes out, the effect might be so minimal or insignificant. That's the market for you, it moves psychologically. Now, what happened last year was the situation of the ETF news meeting the preparedness of investors as Halving was fast approaching. The mood was already there, the ETF was just a catalyst even as it had not helped with a single ETF inflow then. The fact that people did not want to miss out on buying Bitcoin at a better price caused FOMO in the market at the time, which was what was responsible for the bull run we witnessed in the market. It was purely speculative and not about the ETF directly adding the money per se. Ever since, what meaningful inflow has the ETF attracted to the Bitcoin market? We should know the sentiment of the market from an event. Bitcoin is an open market that is very accessible, unlike Gold and others who need more of ETF. For me, the effect of ETF in attracting money to Bitcoin through the ETF company is what I am still doubtful to be as huge as people expected.

You got the answer right in your comment. Think about it, if the bitcoin ETF is not approved, large investment funds like Blackrock will not enter the market, we will not have large cash flows pouring into the market, so how can the price increase? Demand for bitcoin holdings has increased significantly due to the approval of bitcoin ETFs, both of which are closely related. The recent price increase of bitcoin is due to the impact of bitcoin ETFs, although many people do not like ETFs, we cannot deny this.

Bitcoin prices have seen a surge since the start of the year with Bitcoin ETFs. Where Bitcoin price this month has seen break its previous record and enter a new ATH. It cannot be ruled out that we will see Bitcoin hit $75k before the Bitcoin halving. More people are showing interest in investing in Bitcoin now than before. Due to the rising price, many people want to hold the coin and expect more price increase in the future. Many say that such increase is due to the approval of Bitcoin ETF, while others say that the value of Bitcoin is increasing due to the increase in the amount of Bitcoin holdings. What is the exact reason for Bitcoin's price increase? Many people can analyze it in different ways, but in my opinion, I can't find any correct explanation. I don't know what will happen next, but I want to witness the bull run ahead.

The impact of the ETF on bitcoin is huge and if this news is true, it is entirely possible that we will see bitcoin prices reach $80K or more very soon. But this also reminds me of something: in the past, many people thought ETFs were useless and they didn't take them seriously . But now what, everyone is watching the money flowing into bitcoin through ETFs every day as this is the biggest catalyst for bitcoin price to reach a higher ATH. I think the impact of the ETF has surpassed and is greater than the impact of the halving.

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.

this is very good news can't wait for the day until quite literally bitcoin surpass everyone's expectation and reach that juicy $100k mark and then keep that as all time high, hopefully if worse come to worst
the floor price where its gonna bottom out gonna be around the previous all time high and we are finally on our way to 1 million dollar a bitcoin its gonna be huge.

considering that we haven't even pass halving event i see this as a quite rather promising future it definitely surpassed expectations of some.
remember guys from many technical analysis we're just shown that its just beginning of bitcoin to its rally around $100k or maybe more.
those that invested their money from all the way back then are definitely to harvest a bountiful harvest.
hopefully altcoin will also follow.

Since the creation of Bitcoin we have witnessed an extraordinary increase in the price of Bitcoin. Yes we have seen a new ATH record in the Bitcoin market this year which was previously in the history of Bitcoin in 2021. But this time the new ATH that Bitcoin touched was higher than the previous ATH. Rising Bitcoin prices encourage many holders to hold their Bitcoins for longer periods of time.In fact, if we hold a coin and the price of that coin increases a lot, we try to hold more and more of that coin. Similarly, many people are trying to invest or hold this coin according to their own ability to see the increase in the price of Bitcoin. It seems to me that there is no reason for the price of Bitcoin to rise. But many say that it may have been a short bull run in the market before the Bitcoin halving, which caused the price of Bitcoin to rise. Maybe the approval of Bitcoin ETFs could also be a reason for the rise in Bitcoin prices.

Pretty positive news.

With this news bitcoin is at this good level now bearable maybe to $75K will be at the beginning of April where this month is the halving for bitcoin.

Prices could even potentially be higher than now if the question of $75K might be considered small because with this news it will not have a significant impact but look after the halving I feel that the reaction will occur afterwards.

Yes, this is one that will probably impact the market as soon as possible. The fundamentals are getting better and I hope we will soon find a new ATH above $73k, but of course it is not certain whether the price will immediately rise or fall due to high selling pressure. There are a lot of large orders above $70k and that may make it difficult for the price to break through new resistance, but if demand is higher then the resistance will break.

For now it remains holding, no reason to sell even if $75k is hit late month or early April. Buy and hold is a great strategy to build a portfolio ahead of the halving, but I think everyone should be careful of false swings.