ATH was just broken seconds ago! | Bitcointalksearch.org

thecodebear

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Quote from: _BlackStar on March 05, 2024, 05:09:43 PM

Quote from: milewilda on March 05, 2024, 04:15:02 PM

Quote from: thecodebear on March 05, 2024, 10:03:44 AM

-snip-

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. Cheesy

I'm not sure what happened - but today's price correction was a little scary. Yes of course - after touching $69K, the price gradually dropped to $59K, meaning we lost $10K in less than 5 hours. Something may have caused such a big panic - but I'm grateful that the price gradually recovered and is now back above $63K.

I think the Meta case may not be the main cause of why bitcoin's price dropped so quickly - but there are likely other issues that caused the price to drop significantly. Who knows - but it's best right now to keep emotions safe while waiting for another big increase ahead of the halving.

I wouldn't call that correction scary. Just expected. Price rose $18k in like a week to break the ATH, a correction was inevitable. The only thing surprising is that it immediately popped back up to the mid to high $60,000s. I would have guessed it would have stayed down around the bottom of the correction for at least a week or two, not like a fraction of a day haha. I guess buy pressure is just too dang strong right now to even let a proper correction happen.

thecodebear

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Quote from: milewilda on March 05, 2024, 04:15:02 PM

Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.

Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Update: about a minute later its down under $68k haha

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. Cheesy

lol what?? Meta and Bitcoin have nothing to do with one another. Don't know why you would randomly start talking about Facebook being down on a Bitcoin forum haha

STT

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Just take note from all this action today, when everyone is watching the same point it overdevelops and has too much heat to it. The sell after reaching the ATH is a classic move, worth remembering because it happens any time we underline something too much.

The positive takeaway is all these fun and games dont matter in the big picture, selling off from the ATH is a given. Its predictable and yet its nonsense but if people want to sell then of course its a real price fall but not actual significance towards a larger trend. Its news today and tomorrow its trash is an old saying, I wouldn't rate too much on todays action. Of course we have to observe and measure strength and any developing trend of weakness etc.

Just all this is quite familiar that we play games around big numbers, back when 10k was a big deal it used to be round numbers were the thing but they dont matter seriously and I consider ATH though familar not the end of what's been occurring in BTC since the trend turned around last year.

_BlackStar

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Quote from: milewilda on March 05, 2024, 04:15:02 PM

Quote from: thecodebear on March 05, 2024, 10:03:44 AM

-snip-

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. Cheesy

I'm not sure what happened - but today's price correction was a little scary. Yes of course - after touching $69K, the price gradually dropped to $59K, meaning we lost $10K in less than 5 hours. Something may have caused such a big panic - but I'm grateful that the price gradually recovered and is now back above $63K.

I think the Meta case may not be the main cause of why bitcoin's price dropped so quickly - but there are likely other issues that caused the price to drop significantly. Who knows - but it's best right now to keep emotions safe while waiting for another big increase ahead of the halving.

Faisal2202

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Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.

Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Update: about a minute later its down under $68k haha

That's call volatility, those who have set limit orders they must have booked there profits by now, I was unlucky to book any profits, as I was a little lazy and ill also, but after calculating the market and the profit I could have booked, I feel regret now. And as of writing this post, BTC value has gone below $62k. And a total of $700+ million of dollars have been liquidated till now. That's so sad. And it's one of the main reasons that I don't trade in the Future.

If I would be in future trading, then I must have lost my funds also, but still due to not booking my profits, I should still consider myself at loss. But those who lost the opportunity they should keep there calm as there are more to come in future. As after halving we might see BTC breaking history and setting new ATH that's no one have predicted.

milewilda

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Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.

Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Update: about a minute later its down under $68k haha

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. Cheesy

thecodebear

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Quote from: LogitechMouse on March 05, 2024, 11:37:57 AM

Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.

Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Update: about a minute later its down under $68k haha

Many are looking at the previous ATH as the resistance hence, we are seeing Bitcoin going down to $66,000 again as it goes up near to it.
Well, the good thing is that we are at $68,000 again.

On Coingecko and Coinmarketcap, it seems like it hasn't been reached yet. The good thing is that many are optimistic about Bitcoin that's why many are buying it right now trying to ride the train. Like I said in the past, I will only think that we entered the bull market if the price of Bitcoin surpassed the previous ATH of ~$69,000 and stayed above that price for weeks. Until that doesn't happen, I don't consider we are on it yet. Nevertheless, it's a good sign that we are nearing breaking the previous ATH, and TBH, I didn't expect it to happen because, in the past, it took months after the Bitcoin halved before the previous ATH was surpassed. Now we are a few weeks away from the halving event and we are seeing Bitcoin trying to surpass it's previous ATH already. I'll stick to my prediction that Bitcoin will reach as high as $150,000 next year. Cheesy

P.S. Oh not again. The price of Bitcoin went down to $65,000 again as it tried to go to $69,000. Cheesy

Yeah that's a good point. Even though it broke the ATH today I think plenty of people wouldn't consider it to be in a new bull run until it surges past the ATH. This morning it only broke the ATH by like $150 and then dumped like $6000 haha. But then again others will say the bull run started back when the price started surging a week ago off $52k, or a few months ago when it broke out of the $25k-$30k range, or last March when it broke out of the bottom of the bear market, or even last January when it started strongly moving up off $15k/$16k. Calling it a bull run is just a label, that we can define different ways. The main point is that Bitcoin has broken 2021's ATH amid a very bullish market and will soon be heading to prices much higher.

Ojima-ojo

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It was an amazing sight to behold today, although that all-time price was expected well enough and to see that we achieved that signified a lot to come as we draw close to Bitcoin halving, we may likely see a 100k Bitcoin price after the Bitcoin halving cycle because as it is Bitcoin is already building that necessary liquidity to sustain above previous all-time high even though there was a sharp drop.

The price will recover back before we know it because the Bitcoin market began the week with a lot of positive actions which we are seeing already, i never began to change my Bitcoin when it did that price benchmark because I knew there was alot to come from Bitcoin in this season.

Majestic-milf

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Quote from: Mia Chloe on March 05, 2024, 10:33:27 AM

Bitcoin didnt pass its all time high few seconds ago but rather few days ago. The initial Bitcoin ATH was about $62k and Bitcoin surpassed that value about few days ago. With the rate at which Bitcoin is gaining value, it is actually becoming a better investment based on its ease and returns over time.
Also, with the rate at which Bitcoin is striking promising prices I believe it will even achieve an ATH of about $100k.

Probably Satoshi NAKAMOTO Grin

and Gamekyuubi are on beaches chilling on vacation waiting for a better ATH because that's what every hodler likes Grin

Bitcoin ATH as at 2021 was $69k. You should get your facts right before contradicting. I also agree with you, the rate at which the price is shooting up, I'm certain it could attain the $100k mark most speculators and enthusiasts are keeping it. It will be important to also bear in mind that it can sharply go down too because as of this morning when I last checked, it was dancing between $66-67k but now it's currently dropped to $65,112.
Won't be surprised if the rising and falling is so that it can keep up with the halving event.

SamReomo

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I was sure that today we will see a new ATH and that become a reality. Who knows that we may see huge pump, a pump with huge intensity during the halving event that might push the price of Bitcoin to $75k? I'm pretty sure that institutions like BlackRock, Grayscale, and other such ETF institutions will purchase more Bitcoin in order to own most of it.

There's also a chance for MicroStrategy to purchase more and more Bitcoin, and all those things will keep adding market cap in the Bitcoin and value of it starts growing. Halving is going to be another great indicator for us because after it the number of mined bitcoins decrease to half and thus those big players will try their best to own as much Bitcoin as they possibly can.

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It will likely take a few attempts to get beyond the previous all time high and break out. If you're a wall street trader, I imagine the trade would have been from the ETF approvals to the all time high, so we're seeing easy profit taking from traders right now. I'm sure we'll see the same thing again at the halving and again at $100K. So long as the demand stays around though, buyers will outlast sellers and we'll see a true breakout to new highs. There's just too much money on the way between Blackrock and Microstrategy for this market to stay down for a long length of time.

LogitechMouse

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Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.

Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Update: about a minute later its down under $68k haha

Many are looking at the previous ATH as the resistance hence, we are seeing Bitcoin going down to $66,000 again as it goes up near to it.
Well, the good thing is that we are at $68,000 again.

On Coingecko and Coinmarketcap, it seems like it hasn't been reached yet. The good thing is that many are optimistic about Bitcoin that's why many are buying it right now trying to ride the train. Like I said in the past, I will only think that we entered the bull market if the price of Bitcoin surpassed the previous ATH of ~$69,000 and stayed above that price for weeks. Until that doesn't happen, I don't consider we are on it yet. Nevertheless, it's a good sign that we are nearing breaking the previous ATH, and TBH, I didn't expect it to happen because, in the past, it took months after the Bitcoin halved before the previous ATH was surpassed. Now we are a few weeks away from the halving event and we are seeing Bitcoin trying to surpass it's previous ATH already. I'll stick to my prediction that Bitcoin will reach as high as $150,000 next year. Cheesy

P.S. Oh not again. The price of Bitcoin went down to $65,000 again as it tried to go to $69,000. Cheesy

$crypto$

legendary

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A new historical landmark for bitcoin as it has become an all-time high price although it is down again to $65K at the moment, but I think it will have a bounce to $69K again normally after a high there will be a slight correction.

The holders will still be smiling looking at their portfolios who missed out please get in soon because it's still not too late even though it's in the $65K area you just have to be optimistic that bitcoin will be 2x after ATH now.

The 2021 ATH has been broken, here is the new 2024/25 and it says you are right we believe this year is a bullrun.

thecodebear

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Quote from: Mia Chloe on March 05, 2024, 10:41:46 AM

Quote from: thecodebear on March 05, 2024, 10:38:59 AM

Quote from: Mia Chloe on March 05, 2024, 10:33:27 AM

Bitcoin didnt pass its all time high few seconds ago but rather few days ago. The initial Bitcoin ATH was about $62k and Bitcoin surpassed that value about few days ago. With the rate at which Bitcoin is gaining value, it is actually becoming a better investment based on its ease and returns over time.
Also, with the rate at which Bitcoin is striking promising prices I believe it will even achieve an ATH of about $100k.

Probably Satoshi NAKAMOTO Grin

and Gamekyuubi are on beaches chilling on vacation waiting for a better ATH because that's what every hodler likes Grin

huh??

ATH was $69k, not $62k. It just passed it when I made this thread.

Really?
I thought it was 62k a long time ago please if you don't mind I would like you to drop your source so I can read a little on it

Literally just look at any Bitcoin/USD chart.

Bitcoin hit nearly $65k in April of 2021 having like 5 days above $62k.
Then it crashed in late Spring / Summer, and came back up in the Fall.
It hit $69k in the November 2021, and was over $62k pretty much every single day for an entire month during October and November of that year.

alankasman

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Quote from: thecodebear on March 05, 2024, 10:03:44 AM

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.
Goodbye 2021 ATH, and welcome to the 2024/25 bull run!

Finally, the previous highest price has been reached, although the difference is very thin, three points behind the number 69 according to the 24 hour highest price on Binance. Congratulations to optimists and to those who are pessimistic about Bitcoin's achievements, that is reality.
And we will wait together for the next highest ATH to happen. For now I don't dare say what will happen after the halving if the next ATH price is estimated to reach $100K and above.

Quote

Update: about a minute later its down under $68k haha

The decline that followed wasn't as impactful for those waiting for $69K to happen.
After the $69K price was reached, we are also still optimistic about the latest ATH price.

moneystery

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this is very good news and i'm quite optimistic that we will be able to achieve more than that, because we are still a few weeks away from the halving and there may be more opportunities for the price of bitcoin to increase again.

Mia Chloe

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Quote from: electronicash on March 05, 2024, 10:43:50 AM

Quote from: Mia Chloe on March 05, 2024, 10:33:27 AM

Bitcoin didnt pass its all time high few seconds ago but rather few days ago. The initial Bitcoin ATH was about $62k and Bitcoin surpassed that value about few days ago. With the rate at which Bitcoin is gaining value, it is actually becoming a better investment based on its ease and returns over time.
Also, with the rate at which Bitcoin is striking promising prices I believe it will even achieve an ATH of about $100k.

Probably Satoshi NAKAMOTO Grin

and Gamekyuubi are on beaches chilling on vacation waiting for a better ATH because that's what every hodler likes Grin

the ATH was 69k.
it happened in coinbase though as its just one exchange. now it's becoming obvious that this bull run is driven by the ETF which coinbase is the custodial.
if it crosses this early, we will be seeing the price go 70k sooner without the halving. this is very positive. 100k i think is the the most ATH this year. i will go beyond that as speculated by a lot of traders.

look at the chart you see the ATH.

I just checked I have clarified it thanks.

BABY SHOES

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ATH on Coinmarketcap.

It's hard to imagine that Bitcoin reached ATH before the halving, was it really the same extent before or is it more different now? I read a lot of news with bitcoin ATH that I know they often talk about ATH after halving because the previous history is the same but this time it is different in my opinion where ATH will be earlier than halving.

Well how big will it be when the halving time comes? It would be very curious if it could be $80K right? Grin

electronicash

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Quote from: Mia Chloe on March 05, 2024, 10:33:27 AM

Bitcoin didnt pass its all time high few seconds ago but rather few days ago. The initial Bitcoin ATH was about $62k and Bitcoin surpassed that value about few days ago. With the rate at which Bitcoin is gaining value, it is actually becoming a better investment based on its ease and returns over time.
Also, with the rate at which Bitcoin is striking promising prices I believe it will even achieve an ATH of about $100k.

Probably Satoshi NAKAMOTO Grin

and Gamekyuubi are on beaches chilling on vacation waiting for a better ATH because that's what every hodler likes Grin

the ATH was 69k.
it happened in coinbase though as its just one exchange. now it's becoming obvious that this bull run is driven by the ETF which coinbase is the custodial.
if it crosses this early, we will be seeing the price go 70k sooner without the halving. this is very positive. 100k i think is the the most ATH this year. i will go beyond that as speculated by a lot of traders.

look at the chart you see the ATH.

Mia Chloe

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Quote from: thecodebear on March 05, 2024, 10:38:59 AM

Quote from: Mia Chloe on March 05, 2024, 10:33:27 AM

Bitcoin didnt pass its all time high few seconds ago but rather few days ago. The initial Bitcoin ATH was about $62k and Bitcoin surpassed that value about few days ago. With the rate at which Bitcoin is gaining value, it is actually becoming a better investment based on its ease and returns over time.
Also, with the rate at which Bitcoin is striking promising prices I believe it will even achieve an ATH of about $100k.

Probably Satoshi NAKAMOTO Grin

and Gamekyuubi are on beaches chilling on vacation waiting for a better ATH because that's what every hodler likes Grin

huh??

ATH was $69k, not $62k. It just passed it when I made this thread.

Really?
I thought it was 62k a long time ago please if you don't mind I would like you to drop your source so I can read a little on it

Topic: ATH was just broken seconds ago! (Read 221 times)