Topic: another ATH , 71k and still climbing. - page 4. (Read 941 times)

Yes bitcoin price dumped a few days ago just after that bitcoin reached ATH level again now bitcoin price is around $70k. Bitcoin will not stop here but its value will reach 100000$ in few days. Now it appears that the halving is just a few days away, which will cause Bitcoin to halve its value, which will pump up the Bitcoin market a lot. Currently those who are holding bitcoins till now should never sell bitcoins like this but hold it when the time is right and sell when it crosses $100k and make a nice profit. I think the price is really going to be 100k dollars.

Oh thanks mate for sharing this news, and most likely this is very bullish again as we have seen the prices climbing back to $71k after some minor correction in the last 2 weeks that even push the price to a low $62k, and then it went up to $70k, then go on $69k. So yeah, it has a decent to huge impact, so let's see, we are almost at the end of the month but still weeks for the halving. And with this kind of news, maybe we will still see another push for a new all time high, it could be $74k-$75k. We will see how the bulls are going to fuel the market again with this rumors from Morgan Stanley.

Potentially bullish rumours on the Morgan Stanley ($150 billion market cap investment bank)  filed with SEC to buy Bitcoin ETFs with 12 of their funds.
The speculation is that they will also allow Bitcoin spot ETFs to be traded on their platform, which potentially could have a decent impact on the price.
More details:
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-defends-69k-amid-rumors-of-morgan-stanley-approving-btc-etfs-on-its-platform-202403271900
https://twitter.com/BTC_Archive/status/1772978686133768479

If true, this has the potential to tip the price over $75k.

I believe continue hodling will make people  to see $75 very soon because, that is the target of many hodlers that are still hodling their BTC and it look like this current move will make such price to hit the market before the end of this year.

When the price fall down to $65k few days ago, many people thought that the bull run has ended until another pump occur few minutes ago for the price of BTC to hit back $71k to encourage hodlers to endure with their hodling because, the price will continue pumping until they are satisfy with the price of their choice.

Bitcoin broke the Bitcoin market's highest ATH record several times this March. But that record didn't last long, instead the market started dumping again. However, despite staying above 74 thousand dollars, the market has come down to 64 thousand dollars again. Bitcoin may not break another ATH record before April's halving. Bitcoin may cross the 100k milestone by the end of this year.

Obviously such a situation can be justified that Bitcoin could be at an even higher price level even reaching $100K because $73,777 is the current highest price before the halving.
Facing a situation like this, we need good planning without panicking when prices suddenly decrease. For us, corrections that occur like now are normal and some of us had expected this decline to occur.

I think it will pass $100,000, but I don't know when that will happen. If the current high of $73,777 has been bearish for a long time, perhaps after the halving an increase will occur and it will reach $100,000 as a new high.

Everyone knows the reason of this recent bitcoin pump, rather I would say that bitcoin has been pumping even before the ETF. After the ETF, we had a major correction where bitcoin went below 40,000$ but after that, we have seen no correction and bitcoin has crossed the All time high too and still no correction.

Bitcoin can go even higher, crossing 75K$, 80K$ and more but there has to be a time when we need a big major correction in order to make this pump a sustainable one. No one knows when we can see this dump but I think those who are waiting to enter in the market, they should wait for a dump. Do you think we would cross 100,000$ without a correction???

If you previously said is anyone wondering what will happen after this, then the situation now seems to have started to reverse from producing a slowly decreasing ATH.
This is where good planning is needed when facing two different situations in a short time. It raises the question of what steps I will take when market conditions improve and what steps I will prepare when the market suddenly moves down.

You are right that everything cannot be predicted easily by market conditions. It really requires a mind full of awareness in dealing with circumstances that change suddenly like now. In 24 hours, the market price of Bitcoin decreased by almost 7% after reaching a high of $73,777 yesterday.

What about now , is this the big correction today as the price drops badly to 67k https://coinmarketcap.com/currencies/bitcoin/  and are you keeping to Hold guys? because I have decided to keep my coins now since my target is 80k to release my coins but now that its not coming maybe I will continue keeping till 2025.
Those are the people that is now blaming themselves from not trusting bitcoin and will keep feeling sadness .

So you are counting the number of times that Bitcoin has breached the ATH and moved below it? Well, you can't get the accurate counting ever this way. How you can make the countable counting is for you to make sure that there was a daily close above the level. You can count how many daily closes to ensure that a true break is enforced. For now, there have been five daily closes above the level, which is so important, though there are both bullish and bearish candlestick closes above it, regardless, it means that the bullish trend is intact, so we should expect more bullish surprise overtime and not a serious dump.

Besides, there is one powerful indicator called "Trend Magic" whose support level on the daily chart is situated at $67,929. It will take Bitcoin to break below it and have a sustainable bearish close below the level before I will take any bearish trend in the form of correction seriously in this wider bullish scope of the coin. If this level is not breached lower, of course, the $75,000 you mentioned would be unveiled in little time. It remains a few bucks for the level to be hit this week as the ATH of the week is almost $74,000. But this time, Bitcoin might need more like news and serious positive events to get the job done quickly as the FOMO is somewhat fading at this time.

I think big companies seem very greedy to make acquisitions, which may be one of the biggest triggers. On the other hand, there is almost a month left until the Bitcoin halving, and the Bitcoin supply will halve in a single night. Blockchain technologies are developing and there are many triggering factors. It was a sad situation for those who waited for Bitcoin below 10 thousand dollars, if they did not buy it at 18.19 thousand dollars, it was their own problem. It will be important for the price to make interim corrections and set new barriers to how far it will continue to climb.

Everyone just wants to know that bitcoin makes a new ATH every day, but does anyone wonder what happens after that? Because if bitcoin goes up to 75k$ or 80k$ but no one sells and bitcoin corrects afterwards, what do we do? Don't just always ask about ATH, but be careful with the market and prepare a plan if bitcoin suddenly reverses downward. Everything is very unpredictable when investment funds are trying to manipulate bitcoin prices to make their own profits. The fact that bitcoin continues to create ATH will stimulate everyone's excitement, but it is not time to celebrate and rest on victory.

exactly this is why I am paying attention to the movement now so at least I am ready
to release some of my funds(at least 40%) before the big dump happen so I have a chance to
buy more when the bear starts covering the market.

Indeed, there are lots of speculation about what will happen and if the market
will have insignificant changes but all we have is futuristic expectation 

Latest new higher price of bitcoin reached to $73,700 and reaching to $75k its not much problem with few percent left behind bitcoin still on positive trend to make another new ATH. Today still not any bad news with bitcoin and not significant dropping make us optimistic for tomorrow easily reach the new higher price of ATH, I think the next target seem not only break out until $75k but also has significant pump for bitcoin more than $78k to $80k with halving seems at the end this month.
Hold awhile before few days halving come and take profit as much possibility with bitcoin still on the good trend, if you can't hold seems you won't be rich and loss the great opportunity with bitcoin on the up trend price until near future with halving time.

$75K is a price that will definitely be reached. Now the latest TlATH that occurred in a matter of 24 hours is $73,777. This increase or very positive market situation will continue and in a matter of weeks, several highs have been crossed before stopping at $73,777. This price will continue and will stop at $75K before the halving which still has 32 days remaining.

Hold before the highest price level is reached. We need to prepare a plan before it's too late.
The reason for the pump has already been answered by others here.

wait what? bitcoin has spoken and that is the only reason? do bitcoin really speaks or it is the investors and from the ETF that makes it speaks?

well , it is what we need to understand here  , our capacity and our responsibility .

Our money, so we must be the one to decide when to sell and when to buy.

I checked the price now and it was sitting at $73k. It looks like we are experiencing a consistent growth here, so what you are telling there is possible. We already drop a few times after we hit $70k, so I'm not expecting for any correction at the moment until we reached $75k. To sell now is not what you call a mistake (if this is the mistake you are referring to?), but just ensure that you bought a little earlier, if not, well it may be best to just HODL for a while.

I don't see a lot of factors for the growth of the price of BTC aside from the ETF and the upcoming halving. The one that you said where investors continues to enter is only common and always there but I must need to agree that new investors alone more than enough for driving bitcoin prices to test $100k levels in short term. So, continuing to hold would be a better option for right now.

Maybe the price effect is dumping again because the season of hype/trend/narrative that is developing is not much in demand or indeed it will enter bearish again, because we know after a long enough bullrun, bearish will arrive.

Let's just wait after the halving ... there has been a lot of speculation that the price of bitcoin will be higher, you certainly have your own figures about bitcoin's ATH so that's what we want to know later and maybe 2025 will still be in bullrun.

but what about the before/after halving effect that mostly making the market
dumping ? yeah we already see the before effect (in which the price really grows up
and break the ATH) but what about the after halving? I am asking this not because
I don't trust bitcoin but I am interested in hearing good things to happen this whole
year, not calling the 2025 super bullrun year.

I get that we feel like we are not entirely sure how high it could go, but getting to hype about it could also end up quite terrible if we are not careful. I have seen a lot of people lose all of their savings during the bull run and that is such a shame because the same people could have been super wealthy during the same period.

The main reason why people lose is because they take on way too much risk and they face corrections during the bull period, and this results with them having a bad return. I think it would be a lot better if we could just focus on what kind of money we could make, and also have some sort of risk management in place to make sure that we are protected when we are trying to make money.