Bitcoin All-Time High almost reached yesterday

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Today we had another Bitcoin All-Time High which blasted past the $101,000 just over the weekend.

Are we rising up too high way to fast or is this the new normal for bitcoin now that it has FOMO from all sides of the financial entities?

Many have speculated this is all due to the Trump presidency rolling forward.
But he has not taken office so there are not any of his policies concerning bitcoin put in place just yet.

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Here is what everyone was speculating to happen by the new year but it seems it is a month early and before Christmas.
Bitcoin has officially reached $100,000 and above that amount today:

https://www.reuters.com/technology/view-bitcoin-surges-above-100000-2024-12-05

It had rose above $103,679 for a little time about 20 minutes ago so we see if it will hold above the $100,000 milestone mark over the evening until the markets open tomorrow for the United States.

Many including the above major media outlet are toting it as the Trump administration who will usher in a more relaxed regulatory laws concerning all of cryptocurrenies when they take office in a month and a couple of weeks time completely.

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Quote from: fikrett on November 29, 2024, 07:47:06 AM

After all - if you DCA all the time, you won't be able to get any profit at all.

How? Do you understand DCA method not buying bitcoin? I don't know when someone.use DCA and will not make profit from the investment. DCA method is since you don't have a big capital to buy at once then you set your purchasing power to either daily, depends on the kind of work you do. Or weekly or monthly. And the ones you have bought will be for long time and not for short term and also you have to check the time you buys and when you have invested for a very long time then you check the market by comparing the time of purchased and the current price of bitcoin to see if there is any profit added to it.

DCA method of buying bitcoin is the best so far any investor can participate in the crypto market.

fikrett

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Quote from: WatChe on November 27, 2024, 11:01:13 PM

Quote from: TravelMug on November 27, 2024, 04:58:17 AM

You can't blame them though, I mean just imagine if you have been doing DCA for at least 2 years and you have that target to take profits at $100k. So it make sense for others to go and sell at that price level.

And with that, when the 'weak hands' has been shaken and it has been, causing the price to fall at $91k. But it's good though, as we all know that during this kind of market correction there is a great opportunity to enter and maybe those who will have have a target of at least $150k to take their profits. That is really the market cycle and it added liquidity if there are going to be sellers at some level.

The main factor behind every investment is to get profit whether it's real estate, equity trading or bitcoin. There is nothing wrong in selling your bitcoin if you think you are getting adequate profit. People who have bought bitcoin when it's under 30k or as you said the one who are doing DCA for last two years, it's great time for them to short some of there bitcoins and enjoy the profit.
Bitcoin provides great opportunities to enter again in the market as price take wild swings in both directions. Right now price is highly volatile in 90 to 100k window and very soon it might cross 100k. DYOR

Yes, to agree with that stance.
You can hold for more, but nobody stops you from getting some BTC off the hook.
After all - if you DCA all the time, you won't be able to get any profit at all.
Naturally, some BTC will be sold off. And afterward, for these exact funds, more of it will be bought.
Cool

betswift

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Quote from: diguyo on November 27, 2024, 06:14:35 PM

Struggling to pass that psychological 100k mark, think it's going to take a couple more tries.

Yep. As well as it's crossed, there may be a correction, a big one, done underway.
Only then we may see a true ATH, the biggest one by far, in the upcoming times.
So let's see and enjoy the show.

Sonia_123

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Bitcoin Price Today: Monthly Chart Reveals BTC’s Bull Market Target.

Based on monthly chart, Bitcoin's bull run is just starting.
BTC price could cross $100,000 and hit $200,000 in this cycle based on the monthly chart.
The short-term BTC price outlook does not have a bias due to ongoing consolidation.

https://coingape.com/bitcoin-btc-price-today-29-november-2024/

WatChe

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Quote from: TravelMug on November 27, 2024, 04:58:17 AM

You can't blame them though, I mean just imagine if you have been doing DCA for at least 2 years and you have that target to take profits at $100k. So it make sense for others to go and sell at that price level.

And with that, when the 'weak hands' has been shaken and it has been, causing the price to fall at $91k. But it's good though, as we all know that during this kind of market correction there is a great opportunity to enter and maybe those who will have have a target of at least $150k to take their profits. That is really the market cycle and it added liquidity if there are going to be sellers at some level.

The main factor behind every investment is to get profit whether it's real estate, equity trading or bitcoin. There is nothing wrong in selling your bitcoin if you think you are getting adequate profit. People who have bought bitcoin when it's under 30k or as you said the one who are doing DCA for last two years, it's great time for them to short some of there bitcoins and enjoy the profit.
Bitcoin provides great opportunities to enter again in the market as price take wild swings in both directions. Right now price is highly volatile in 90 to 100k window and very soon it might cross 100k. DYOR

diguyo

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Struggling to pass that psychological 100k mark, think it's going to take a couple more tries.

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Quote from: SickDayIn on November 26, 2024, 09:39:01 AM

It's funny because a lot of people think this $95k-$100k range is the "take profits" zone. Trust me. The crypto summer has barely started. We have a long pump to go.

Taking profit is a good and sweet practice for everyone. Small or big profit, if you take it, it's good for you.

Assume an investor bought bitcoin around $20,000 or $30,000, it makes a lot of sense to take profit a little below $100,000. If you generalize that taking profit is bad, it's not true. Right time or not right time to take profit, it depends on your average entry price too.

Quote from: TravelMug on November 27, 2024, 04:58:17 AM

You can't blame them though, I mean just imagine if you have been doing DCA for at least 2 years and you have that target to take profits at $100k. So it make sense for others to go and sell at that price level.

Agree with you, taking profit when you already have good ROI, is never bad idea.

Quote

And with that, when the 'weak hands' has been shaken and it has been, causing the price to fall at $91k. But it's good though, as we all know that during this kind of market correction there is a great opportunity to enter and maybe those who will have have a target of at least $150k to take their profits. That is really the market cycle and it added liquidity if there are going to be sellers at some level.

Buyers see chance from their purchase and sellers see both, chance to take profit, and risk to get less profit, get loss, or get bigger loss if they don't sell now. Lifting up target price for taking profit is risky and this style can cause to missing many chances to take profit, and finally will stuck in a bear market. Even a double top, a second great chance to take profit will be ignored.

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Quote from: SickDayIn on November 26, 2024, 09:39:01 AM

It's funny because a lot of people think this $95k-$100k range is the "take profits" zone. Trust me. The crypto summer has barely started. We have a long pump to go.

You can't blame them though, I mean just imagine if you have been doing DCA for at least 2 years and you have that target to take profits at $100k. So it make sense for others to go and sell at that price level.

And with that, when the 'weak hands' has been shaken and it has been, causing the price to fall at $91k. But it's good though, as we all know that during this kind of market correction there is a great opportunity to enter and maybe those who will have have a target of at least $150k to take their profits. That is really the market cycle and it added liquidity if there are going to be sellers at some level.

SickDayIn

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It's funny because a lot of people think this $95k-$100k range is the "take profits" zone. Trust me. The crypto summer has barely started. We have a long pump to go.

rohang

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Quote from: ? on November 23, 2024, 06:05:21 AM

Quote from: LDL on November 21, 2024, 06:19:35 AM

So far today, Bitcoin has broken all its past records and stands at a high of $98,433. But very soon we can see another milestone in Bitcoin to advance to $100k.
With the way Bitcoin is pumping, Bitcoin may cross $100k today.

Bitcoin price when I post $98333 according to the Binance Exchange.
Today expected bitcoin price ~100k very soon.

But bitcoin is struggling to touch 100k. Maybe because there is a huge selling pressure at 100k being a milestone. Once bitcoin cross 100k then it might be unstoppable. Even I'll be expecting breakout today as the markets are going pretty much sideways for short term. 4h tf surely shows possibility of breakout today.

yea i imagine many people sold at 98-99k, 100k surely is a big big milestone which it will definitely hit, i suppose if not this year then around Trump inaugration it goes 100k++

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Quote from: LDL on November 21, 2024, 06:19:35 AM

So far today, Bitcoin has broken all its past records and stands at a high of $98,433. But very soon we can see another milestone in Bitcoin to advance to $100k.
With the way Bitcoin is pumping, Bitcoin may cross $100k today.

Bitcoin price when I post $98333 according to the Binance Exchange.
Today expected bitcoin price ~100k very soon.

But bitcoin is struggling to touch 100k. Maybe because there is a huge selling pressure at 100k being a milestone. Once bitcoin cross 100k then it might be unstoppable. Even I'll be expecting breakout today as the markets are going pretty much sideways for short term. 4h tf surely shows possibility of breakout today.

rohang

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Surely it hits 100k before december right?

By the time trump takes office can see it touching 120-130k as well

Insane how much trump winning has boosted crypto, never expected it

LDL

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So far today, Bitcoin has broken all its past records and stands at a high of $98,433. But very soon we can see another milestone in Bitcoin to advance to $100k.
With the way Bitcoin is pumping, Bitcoin may cross $100k today.

Bitcoin price when I post $98333 according to the Binance Exchange.
Today expected bitcoin price ~100k very soon.

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Quote from: Reid on November 20, 2024, 07:03:56 PM

Quote from: Hamza2424 on November 14, 2024, 05:59:06 PM

Quote from: fikrett on November 13, 2024, 09:11:50 AM

Imagine the push for $100k if Gary were gone for real..
The market awaits further news regarding the regulations and much more to know where to move.

Hmm, it is quite obvious we are already at the peak, and in order to continue this momentum, a small push can help to set new targets, but for $100k, according to my observation, we are still lacking good development. Who knows what's going to happen, but for sure, greed and emotion are now at their pinnacle point, so be fearful, as everyone is greedy already.

#NEW ATH BY A NEW ATH

Well, although we are witnessing some greed there are also those who are just entering the realm of Bitcoin so I bet there will be more demands incoming especially when Trump sits on the throne and fire Gary Gensler too. That will probably boost the value of Bitcoin and then those businesses that had been stepped on by Gary will start moving again freely.
I want to see that $100k happen and I think there will always be sellers at that point. We cannot take away the fact that some whales will try to take advantage of the momentum and shake the market a little bit. MicroStrategy holding their Bitcoin will be a lot of help to prevent a sudden spike down.

It has reached $97,838 for the new ATH on Coingecko. But I believe BitStamp is a few hundred below this so we can say sub-$97,500 mark was achieved an hour ago.

Something happens around this same time during the past week causing the price to spike upwards.
Is this a sign of Asia buying bitcoin a mass since their markets open for purchasing stocks and thus bitcoin would be affected immensely now since the introduction of the option in making those huge buys via a spot ETF.

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Quote from: Out of mind on November 20, 2024, 11:53:22 PM

Today we have entered a higher peak than yesterday, today another new ATH of Bitcoin has been created. It is really great that with just a little push we will touch the milestone of $100k, I think it is going to happen very quickly. Currently, following the market observation of Bitcoin, it is understood that it is in a very good position and will form another new ATH very soon. Surely everyone is greedy at the moment, everyone is waiting for it to touch $100k and at that time many investors will sell their Bitcoins. However, at this moment we should be afraid because most people have planned to sell Bitcoin at $100k.

If bitcoin can touch the price of $100k in the near future then I am sure that next year we will see a higher price than now. This shows how fast bitcoin is moving at that price even though most people will predict next year as a new milestone for its highest price. When the formation of a new ATH appears then it is certain that $150k will be possible next year and that is not something impossible if you look at the journey of bitcoin in four years.

The $100k target is almost reached and it is probably true that most people will try to sell it in the future. But some long-term holders may wait for a new milestone at $150k and at that time they will take a sell step like some people who will sell at $100k.

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Quote from: Hamza2424 on November 14, 2024, 05:59:06 PM

Quote from: fikrett on November 13, 2024, 09:11:50 AM

Imagine the push for $100k if Gary were gone for real..
The market awaits further news regarding the regulations and much more to know where to move.

Hmm, it is quite obvious we are already at the peak, and in order to continue this momentum, a small push can help to set new targets, but for $100k, according to my observation, we are still lacking good development. Who knows what's going to happen, but for sure, greed and emotion are now at their pinnacle point, so be fearful, as everyone is greedy already.

#NEW ATH BY A NEW ATH

Today we have entered a higher peak than yesterday, today another new ATH of Bitcoin has been created. It is really great that with just a little push we will touch the milestone of $100k, I think it is going to happen very quickly. Currently, following the market observation of Bitcoin, it is understood that it is in a very good position and will form another new ATH very soon. Surely everyone is greedy at the moment, everyone is waiting for it to touch $100k and at that time many investors will sell their Bitcoins. However, at this moment we should be afraid because most people have planned to sell Bitcoin at $100k.

#Bitcoin ATH $97500
#Soon New ATH $100000

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Quote from: Hamza2424 on November 14, 2024, 05:59:06 PM

Quote from: fikrett on November 13, 2024, 09:11:50 AM

Imagine the push for $100k if Gary were gone for real..
The market awaits further news regarding the regulations and much more to know where to move.

Hmm, it is quite obvious we are already at the peak, and in order to continue this momentum, a small push can help to set new targets, but for $100k, according to my observation, we are still lacking good development. Who knows what's going to happen, but for sure, greed and emotion are now at their pinnacle point, so be fearful, as everyone is greedy already.

#NEW ATH BY A NEW ATH

Well, although we are witnessing some greed there are also those who are just entering the realm of Bitcoin so I bet there will be more demands incoming especially when Trump sits on the throne and fire Gary Gensler too. That will probably boost the value of Bitcoin and then those businesses that had been stepped on by Gary will start moving again freely.
I want to see that $100k happen and I think there will always be sellers at that point. We cannot take away the fact that some whales will try to take advantage of the momentum and shake the market a little bit. MicroStrategy holding their Bitcoin will be a lot of help to prevent a sudden spike down.

2Pizza410000BTC

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Quote from: Hamza2424 on November 14, 2024, 05:59:06 PM

Quote from: fikrett on November 13, 2024, 09:11:50 AM

Imagine the push for $100k if Gary were gone for real..
The market awaits further news regarding the regulations and much more to know where to move.

Hmm, it is quite obvious we are already at the peak, and in order to continue this momentum, a small push can help to set new targets, but for $100k, according to my observation, we are still lacking good development. Who knows what's going to happen, but for sure, greed and emotion are now at their pinnacle point, so be fearful, as everyone is greedy already.

#NEW ATH BY A NEW ATH

Yes everyone is already very greedy, I invested in bitcoins and got paid weekly payment and held some bitcoins. I expected to sell my bitcoin when bitcoin reached $80,000 to $85,000 but when bitcoin crossed $80,000 I became more greedy and made a goal in my mind to sell bitcoin when it reached $93K. I didn't sell when it reached $85k, I got greedier and sold my investment when it reached $930,000. From my own point of view, I can see how greedy we are now, we will set a target to sell when Bitcoin reaches $100,000, many of us have even placed a $100,000 sell order. But hopefully Bitcoin will touch the $100,000 door and set an all-time high and put an end to human predictions.

Topic: Bitcoin All-Time High almost reached yesterday (Read 1863 times)