Topic: another ATH , 71k and still climbing. - page 5. (Read 1459 times)

The current resistant price crisis may persist for a while and at that we may be seeing a frequent attempt by bitcoin to constantly break it previous all time high each time but when the price goes above the 71k+ price it get pull down again and again and this is what have been to occurrence in recent time  but I believe after the bitcoin halving,  we will likely see a new all time high price that could surpassed the  recent ATH price and this is what we have to look out for at all time.

Another thing to take note of is the recent price break out of all time high before the bitcoin having which is what may cause a prolonged price correction in the coming days and weeks before we eventually see new all time high.

Well am too sure about the technology that's behind bitcoin but the way the bull run elevated the price above the previous ATH is first that we haven't seen before and for now anything that has lead to the reduction in price of Bitcoin, I believe its all correct and preparations of the halving and the bull market that comes after it. For now the price is lingering around $60-70k and its become Normal because of the fact that bitcoin is getting ready for the big bull ahead.

The current surge in bitcoin prices over the all time high is nothing as compared to when we see the bitcoin prices move parabolically in the bull run after the halving. Bitcoin dumped from almost 73K to 63K ish level and some people are panicking and saying that the bull market is over and other things. These people have no knowledge about Bitcoin and its pre-halving and post-halving phases. If they had some knowledge they would be saying such things.

I would just say that these small dumps are the buying opportunities and after the halving and in the 3rd quarter of this year, we will see the most bullish bull market big parabolic moves that no one can imagine at the moment.

Hopefully the strategy you apply can always run quite smoothly because we all can't know what the actual market conditions will be after the halving this year. Although almost everyone believes that the market trend will remain fine as long as the price decline in Bitcoin is not too significant because if the price decline only occurs in a very small percentage, of course there could be more price jumps in Bitcoin. And those who continue to hold it with sincerity will definitely experience quite a lot of victory.

surely the halving when it arrives gonna be underwhelming doesn't mean we're in for bad season though the market is bullish everyone is readying their money to buy whenever price dipping happens its overall good landscape with bitcoin there are very few limiting factors there other than maybe whales dumping their coin to take profit but i'm sure even that could still easily be overcome by bitcoin market since everyone including the guy with smaller capital are also trying to accumulate.

I'm pretty optimistic as the guy above with price of bitcoin after it breaking through $70k im pretty sure it will do wonder and give us that $100k target before the end of the year, i could be wrong but im just faithful and optimistic since bitcoin has never disappointed me even in the past.

BTC is slithering across the line here with its passing of the ATH it moved ahead and pulled back quite uncertain still.  It could be a positive signal moving into next week if it can manage to do so.  Only this last week 7 days ago did BTC close above 69k on a weekly bar closing basis and thats just the one weekly bar which isnt enough to provide confidence to the market especially.

For now till BTC confirms confidently above prior ATH as something of a support line we should doubt the gains stay solid I think is fair conclusion.

The price of bitcoin dropped because there was news of other effects that affected it but bitcoin never returned that low to $40K even though we considered going to $40K as a base price but fortunately $60K was still high even though it was the best price to buy.

Different from the current month because the halving will fall in this month just waiting for a few more days, my opinion is that the price will not move significantly it will definitely sideways in a few months before jumping back to $ 80K obviously this is not the right prediction the same thing where BTC is approved the price does not just go up immediately.

Since we're in a new month is it that we're going to see a new ATH, since the previous month went off with Bitcoin price dropping so fast that it seems like it will get back to $40k? I kinda feel like the delay we had last month will turn out to be in our favor, talking about holders, investors and traders as the case maybe.
In as much as we have the figures dropping very fast without going back up (last month), I feel this time we might be seeing something different, something higher than the previous ATH not $71k or $73k, let's say $80k to $85k+, who knows what the market price have for us this time around.

Experienced investors have learned a lot about how the markets work so far - that means they understand how to take advantage of ongoing cycles. We are in the bullish phase where the halving is very close - so the priority now is to hold as hard as possible and accumulate as much as you can.

Weak hands will sell for fear of losing a few percent of their profits due to a price correction - but strong hands will hold and accumulate on every dip. It's up to them which one is best - we all have our own ways and can make our own decisions when it comes to investing.

actually it is people that does not know the system of investing in Bitcoin that will not hold their coin as the Bitcoin market is changing in shape, so therefore we need to understand the basics concept of Bitcoin knowing that it has two ways you can be beneficiary to it bullish season, if you have scrutinised bitcoin very well...so in normal circumstances bitcoin price now might increase in future to hundred and forty thousand, anyone that have bitcoin I will advice to hold instead of selling it's bitcoin now base on the price is increasing in the market.

actually nobody can predict the future of Bitcoin exactly, but this increment in Bitcoin is showing a sign that bitcoin might increase more and more if time is not taken...I know quite well that sometimes the price of bitcoin doesn't end well so I believe that the price that is not ending well might be as result of the market demand and supply but right now the market of Bitcoin get increased more and more and its best time to accumulate more of Bitcoin against future increment.

I believe that the price may drop and if it drops it will not take much time before it retrace, because after halving the increment might skyrocket higher and when it wants to drop, it will drop drastically,  so it's better now, whosoever that want to invest more in bitcoin should go ahead so that during a bullrun it be of more advantages of making profit..secondly don't depend on some people speculations, just believe on your own knowing that you have examine the chat well and compare it to some people speculations analysis before you can take a rightful decision.

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.