Topic: Bitcoin All-Time High almost reached yesterday - page 2. (Read 351 times)
For me, whatever the correct price is, it is a small and unimportant difference. What is important is that Bitcoin has achieved a new historical ATH, waiting for more progress and rise towards a new peak, which I hope will be $100-120K.
Franky1, thanks for this insight but I need a lil more clarity on this. If these whales have the powers to keep the price down such that their algorithm will not be altered, they should keep doing it even against the anticipated 2025 bull run since they are making profits. Or will there be a time that their resistance would be overpowered by the overbearing force of the market?
If these whales are this powerful on BTC, it's a common sense that they can prevent bull run.
If these whales are this powerful on BTC, it's a common sense that they can prevent bull run.
They do their best to keep the market as favorable for themselves as possible, and they succeed as long as the force against them doesn't have enough power to break the walls they have created. They don't have enough power to keep forcing the market to stay the way they want it if there is more power on the other side. So they keep the walls up, accumulate, lower the wall, sell, accumulate again, lower the wall to let the price flow, and sell again. This is how they keep getting profits, but there are times when the demand in the market overpowers them.
Whales do their best to manipulate the market as much as possible so that they can get as much profit as they can, but every manipulation has to come to an end. Sometimes they end it themselves when they are satisfied, sometimes they are washed away by the flow.
Whether it was sales that disturbed the flow or not, we were a tiny bit away from hitting that milestone but I guess we still have to wait for it.
I have nothing to back this up so keep that in mind, but there is or was a large resistance at about $72000 USD which is $100000 CAD
We keep thinking in USD even though this is an international forum and BTC is supposed to be a world currency.
Makes you wonder how much was sold and forced the price down when a lot of Canadians sold when it went over $100000 CAD yesterday.
https://youtu.be/bOR38552MJA?t=20
-Dave
We keep thinking in USD even though this is an international forum and BTC is supposed to be a world currency.
Makes you wonder how much was sold and forced the price down when a lot of Canadians sold when it went over $100000 CAD yesterday.
https://youtu.be/bOR38552MJA?t=20
-Dave
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Now that people have seen that the price could reach $100k and above, I doubt many people will sell. On the contrary, I believe more people would buy, taking the price up further.
For now, I believe the price will fluctuate around $70k+ region and then in the next wave it might get to 80k.
I am optimistic but I don't believe we will see $100k this year. If we look at how bitcoin is increasing so far, it's gradually. It's not just going to go from 70k to 100k in about 2 months. When Bitcoin does that from history we know it will correct itself and dip again, but its sustainable when it goes up gradually.
Bitcoin might really make it above the previous all time high before the end of this year even though nothing is guarantee but there is more of positive trends in Bitcoin, yeah I agree with that at this point some people might be getting ready to sell, while some would buy more to increase the size of Bitcoin they have, the gradual movement of Bitcoin is actually another reason that makes it different from other coins. However, the road to $100k is very close that's what we are anticipating which will happen sooner than expected probably early next year.
they will wait until 2025 to begin to slowly relax their resistance walls and let the price naturally flow up to the 2025 ATH expected period, for now they will just keep the price down, take the profits, churn the trades and repeat using their bots and maximise accumulations until its time to release the resistance wall
Franky1, thanks for this insight but I need a lil more clarity on this. If these whales have the powers to keep the price down such that their algorithm will not be altered, they should keep doing it even against the anticipated 2025 bull run since they are making profits. Or will there be a time that their resistance would be overpowered by the overbearing force of the market?If these whales are this powerful on BTC, it's a common sense that they can prevent bull run.
$150 or $175 away from the former ATH that has happened before the halving, it doesn't matter. That's just like a few minutes of fluctuation needed for it to surpass the former ATH but it wasn't broken. Everyone is alive and kicking again every time Bitcoin moves like this, this is the reason why many come back to the market and look for some entries again before they see the ATH once again. Those that do it are doing it wrongly. Anyway, with the argument on which is which, it's not a big matter to talk about but we're all on point here that we're all excited to see the next ATH for this cycle.
Do you think after the new ATH, there would be a flow out and then pump back to the 100k eventually?
The mark yesterday was an unexpected one and don't be surprised that this week bitcoin is going to be marking a new ATH when it comes to bitcoin you have to reduce your expectation because the price of bitcoin will not just pump to 100k just like that, and am trying to think what will facilitate the price to jump to 100k and this expectation was around the period of ETF approval and halving there was a lot of speculation going on then but nothing happened and people that understand the process did not worry because bitcoin keeps recording new ATH so their will always be profits, to make and this is only for does that actually understand the whole thing, without understanding their nothing left for you to start thinking about ATH.
I was watching my bitcoin "ticker" "price monitor" whatever you want to call if very closely yesterday. I had thought that we reached the all time high, and apparently according to some outlets we did.
For me, and all time high will come when every exchange reached that number and comes to an agreement that we've reached it. Of course a certain number there's no debate on the matter.
Anyways, pretty exciting that we either hit it, or got that close. Fun stuff!!!
For me, and all time high will come when every exchange reached that number and comes to an agreement that we've reached it. Of course a certain number there's no debate on the matter.
Anyways, pretty exciting that we either hit it, or got that close. Fun stuff!!!
So my question would be, which one is correct?
On the forum we all go by a certain exchange price so what was the highest price BTC rose too yesterday for the true near ATH?
Well bitcoin has been on quite a nice trend for a while now and as at yesterday when I decided to check out BTC/ USD chart I was a little surprised to see how much prices went up in the last. 24 hours. At some point the increase was around 5% in the last 24 hours. And a result I could see bitcoin around 73k but it still didn't seem to break the price of our ATH. Looking at it from a candle stick pattern it seemed to have had a little pull back.On the forum we all go by a certain exchange price so what was the highest price BTC rose too yesterday for the true near ATH?
Anyways I think the actual question should be which one to go with as literally different exchanges and different websites often have slightly different values of bitcoin price at a particular point in time. Anyways most of the time people often prefer to go with coin market cap and that's because it's quite popular.
most whales dont want the price to surpass the previous cycles ATH because they cant then use their bots algo's to do pattern recognition. so they will try to keep their walls up to resist the price naturally increasing(as they have been doing this year)
they will wait until 2025 to begin to slowly relax their resistance walls and let the price naturally flow up to the 2025 ATH expected period, for now they will just keep the price down, take the profits, churn the trades and repeat using their bots and maximise accumulations until its time to release the resistance wall
they will wait until 2025 to begin to slowly relax their resistance walls and let the price naturally flow up to the 2025 ATH expected period, for now they will just keep the price down, take the profits, churn the trades and repeat using their bots and maximise accumulations until its time to release the resistance wall
So we need to do the same and keep the bags open for the positions to go into 2025?
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Now that people have seen that the price could reach $100k and above, I doubt many people will sell. On the contrary, I believe more people would buy, taking the price up further.
For now, I believe the price will fluctuate around $70k+ region and then in the next wave it might get to 80k.
I am optimistic but I don't believe we will see $100k this year. If we look at how bitcoin is increasing so far, it's gradually. It's not just going to go from 70k to 100k in about 2 months. When Bitcoin does that from history we know it will correct itself and dip again, but its sustainable when it goes up gradually.
2025 => $100k and beyond, I am bullish on such of chain of events to eventually play out.
The rally for BTC will be the strongest out there.
most whales dont want the price to surpass the previous cycles ATH because they cant then use their bots algo's to do pattern recognition. so they will try to keep their walls up to resist the price naturally increasing(as they have been doing this year)
they will wait until 2025 to begin to slowly relax their resistance walls and let the price naturally flow up to the 2025 ATH expected period, for now they will just keep the price down, take the profits, churn the trades and repeat using their bots and maximise accumulations until its time to release the resistance wall
they will wait until 2025 to begin to slowly relax their resistance walls and let the price naturally flow up to the 2025 ATH expected period, for now they will just keep the price down, take the profits, churn the trades and repeat using their bots and maximise accumulations until its time to release the resistance wall
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Now that people have seen that the price could reach $100k and above, I doubt many people will sell. On the contrary, I believe more people would buy, taking the price up further.
For now, I believe the price will fluctuate around $70k+ region and then in the next wave it might get to 80k.
I am optimistic but I don't believe we will see $100k this year. If we look at how bitcoin is increasing so far, it's gradually. It's not just going to go from 70k to 100k in about 2 months. When Bitcoin does that from history we know it will correct itself and dip again, but its sustainable when it goes up gradually.
I am not sure if it will pump 100k this month, but most analysts predict that 100k will be reached in December or January of next year. That is also my prediction, but we are unsure because it depends on the events that occur in the coming months.
Surely $100k is not possible this month, the month ends tomorrow, December may even come too quick for the price to reach that amount, but that is even much more realistic. I'll just remain patient and see what would happen, next year should be very interesting for all of us, i am certain that weak hands have started fomo buying now that BTC has crossed the $70k resistance price, because they never believe in BTC enough to buy when the price is low. 
Those tiny discrepancies you see are likely due to the fact that different exchanges can have slightly different prices for Bitcoin. It's kind of like how a gallon of gas might cost a few cents more at one station compared to another.
Pick a reputable exchange or website that everyone on this forum agrees to use as the benchmark for Bitcoin price. CoinMarketCap and Coingecko are both popular choices. Head to your chosen source and see what they list as the highest price Bitcoin reached yesterday.
Pick a reputable exchange or website that everyone on this forum agrees to use as the benchmark for Bitcoin price. CoinMarketCap and Coingecko are both popular choices. Head to your chosen source and see what they list as the highest price Bitcoin reached yesterday.
So my question would be, which one is correct?
On the forum we all go by a certain exchange price so what was the highest price BTC rose too yesterday for the true near ATH?
Different exchanges will have different ATH for Bitcoin and coinmarketcap, coingecko, other sites have their own formula for Bitcoin price calculations too. It's hard to say what ATH is correct because it depends on formula used for averaged Bitcoin price across exchanges or what exchange you want to say about ATH for Bitcoin.On the forum we all go by a certain exchange price so what was the highest price BTC rose too yesterday for the true near ATH?
This is not a direct answer, but it says a same thing like my opinion.
Bitcoin Price History Chart (Since 2009). It was not updated recent years, but let's skip it, I only want to share information in the quote, not about price.
Quote
What is the Current Bitcoin All Time High?
The Bitcoin price all time high will depend on which exchange you reference.
Bitfinex is the largest Bitcoin exchange, so it's all time high of $68,958.00 per bitcoin is the most referenced all time high.
The Bitcoin price all time high will depend on which exchange you reference.
Bitfinex is the largest Bitcoin exchange, so it's all time high of $68,958.00 per bitcoin is the most referenced all time high.
CMC and Coingecko gives different price there are lots of exchanges affects the average price.
According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Surely it will break previous ATH today or tomorrow. The difference was not so big as it was climbing yesterday. As expected we have got the strong uptrend and keep continuing towards up. I said many times that it will break previous ATH soon and its on the way of it. I am waiting for to break it and hope it will break it very soon.The price is around 72,100$ are and i think its making correction right now if we get a good rally then we will break previous ATH soon. He who were patience btc paid off to them and also shown its volatility and giving profit. I am closely eying to the market lets see how it behave in next. According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Do you think after the new ATH, there would be a flow out and then pump back to the 100k eventually?
CMC and Coingecko gives different price there are lots of exchanges affects the average price.
According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Do you think after the new ATH, there would be a flow out and then pump back to the 100k eventually?
CMC and Coingecko gives different price there are lots of exchanges affects the average price.
According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
According to TradingView and my setup, the price has not yet touched the previous ATH however, if it rises another $100, it may reach the ATH.
I believe this is not the last wave we can maybe see soon the new ATH unless if there's a heavy selling pressure at that area.
Jump to: