Topic: Bitcoin All-Time High almost reached yesterday - page 6. (Read 1863 times)

It's possible that the corrections are going to come more in the next days to come. We're in November and the Uptober thing did sort of good but then if that's not much to see for that month, November is typically following whatever happened in the past month. Welp, we've been so close to the ATH and that didn't break the barrier and when it didn't get through, we went to a correction. But is this really a correction that we're sitting around $69kish? I'm not even convinced that this is something to be disappointed with because it's actually good to look at.

The support ranges from $65k-$69k. People still got plenty of time to see the new ATH before it arrives anytime soon. With that, it's best to just get into the position or if you don't know how to. It's best to do the effortless but one of the most effective strategies that has ever been known to this community, the DCA. And regardless of which info is right pertaining to the topic, the discussion goes on about the price itself.

This is why we keep saying that the bull run is upcoming and four year cycle will happen again and yet some people didn't believe that for some reason. I understand normally during 4 year cycles we would see situations where it wouldn't be the same and because of this people are doubtful about them. But at the same time we are going to see how things could change as well so people were worried.

Normally in previous bull runs, we had halving first, and a year later we had the peak, but this time we had all time high broken before the halving, because of ETF, and this worried some people. Seeing now how the bull run is starting again, we can say that it is not going to be similar and we are going to have some differences without a doubt but also have the increase yet again. Do not be worried about it, and keep trying your best and accumulate as much bitcoin as you can, and you should be doing fine without much trouble, I believe we are going to do very well and not really have issues.

We didn't break all time high on that move but I believe it's far from over. It's only a matter of time and it won't be long now before we break the milestone price of $100K. This is why I'm not even excited (yet) about the recent move. Imo, we should be a lot higher than we are now. One key point I'd like to note is how Bitcoin dominance has been steadily holding strong against the numerous altcoins available on the market and peaked above 60+.

We're almost there I mean at $80k this month and if it continues like this before middle of this month we might be having Bitcoin price at $80k if not more than. Talking about that amount to be the limit for this year I don't think so, it might get past the suppose $80k. For sometime now BTC has been around $69k without changing to either $70k or going down to $68-67k but is still on the positive side and i believe this month we're going to be having more of green than red.

Hmm, that's for sure and I was expecting a good end of October and Bitcoin did it I'm still hopeful for the $80k as I'm enforcing this through this entire year that we can for sure hit an ATH of 80k before the end of the year 2024 but seems like it is gonna be the limit for this year as well, 80k till the mid of November and for the rest a full-time cyclic peak can be expected in Q2 of the year 2025.

It is not uncommon for platforms to reflect slightly different prices of bitcoin especially during extreme volatility periods. Some order transactions may reflect faster in another platform than in another. Some exchanges may also react a little slower compared to another platform.

The best way to ensure that you will be looking at the most accurate price possible is to look at multiple exchanges. With that you can get a pretty good idea of the real price and see the variances of the price.

As I see it, a lot of people are optimistic as the election is approaching and people are trying to connect the recent rise in bitcoin price to the election, they think it's a positive thing. But on the contrary, why do you think bitcoin price will be lower after November 5? That surprises me.

People seem to be so focused on the election that they are overlooking another factor that is also affecting the markets, which is inflation news .  Bitcoin's sudden drop on the first day of November was due to market concerns that there would be only one rate cut after core PCE failed to decline as expected and jobless claims were lower than expected. It seems like no one is paying attention to this but I find it important,  even if Trump is elected but if inflation rises and interest rates don't fall ,  we won't have the bull market we expect .

Yes, right now the price having a correction and make the price down deep to $68k. We don't know when the price will be back to increase and break the next high price but that will happen soon.

We will not know what will happen in the next five days. But we must still optimistic to Bitcoin that the price will have more chance to increase. Bitcoin price will reach a new all time high soon no matter in the next five days or still takes more time. The important here is we can still accumulate more Bitcoin while the price is not jump yet to the highest price.

Although the last high price was not reached yesterday, we should keep patience. The price will start rise and maybe the next increases will be the time for Bitcoin to reach a new all time high. So be patient.

The big hands take it all 
2025 is to be awaited, in my opinion.

This doesn't age well, Bitcoin dumped while many were bullish, what do you guys have to say now? We can still go even lower after Nov 5 too, I am not saying Bitcoin won't reach a new all time high but things don't always work out the way we want.

I woke up to BTC being $69k-ish, thus, I dig your thoughts about it - I do think that these corrections will continue, and afterward, it's gonna break, eventually.

i think the whales want to test 'bottom' one last time before 2025(play within the $50k-$75k window), before they release the upper resistance wall

so maybe last chances to get coins in on the dips,
even if you only want to get a few % profit in months and beat the national bank average interest rate, opportunities exist to play all/any of the dips before 2025's bull

The recent movement of Bitcoin is really promising and indicates to cross its ATH. Today is November 1st, and November started at $70K, although the price is below $70K right now. But we can expect something better very soon. If the market bounces back to 70K-73K this week, we could see new highs within this month It is expected that. Moreover, if Trump wins the US presidential election on the 5th, the next movement of Bitcoin is likely to be positive. If the Bitcoin market can maintain this trend and movement, we could see something bigger before December. However, we are going to see bigger things in the coming year.

Bitcoin movement movement have been busy of late and from how busy it has been we would have seen the ATH and probably a new ATH about 1 day or 2 days back. The market movement has been promising and we should definitely appreciate it because this very moment of November can be the month it could get to $80k and it could surpass that if October, I'm not really sure but base on how drastic it has been. Few hours back Bitcoin price was $70k when I checked but as of now is $69k and I'll say is making progress because I know before we get to a new week it will get back to $70-73k hopefully.

Some analysis says ATH will occur early next year because with many assumptions that have been considered with some events that are quite supportive, but regarding certainty, no one can guarantee. Like some exchanges that display the difference in ATH prices and maybe more accurate ones like coinmarketcap.com and the differences shown may be influenced by several things.

But what is certain is that we can check the ATH price using the available data. This is not the last wave because there will be the next wave that may be able to provide a more positive trend than the previous price.

Yes you are right it is normal to see different prices for cryptocurrencies on different websites. This happens because websites get data from various exchanges and prices can change suddenly. Sites like CoinMarketCap combine prices from many sources to give average. Small price differences do not really matter. For most accurate information we should look directly at exchange markets where trades happen. This gives best view of cryptocurrency prices. Using average prices and looking at market data helps understand cryptocurrency market better.

I woke up in the morning yesterday and I saw Bitcoin's price reaching the $73,000 price range. I really thought at that time that we will see a new ATH at the end of the month, turns out, it's just a PRANK and instead of we see a new ATH, we are seeing the price of Bitcoin going downwards yet again.

Well, on Coinmarketcap, the highest price that it reached was at $73,577.21. A few hundreds away from surpassing the previous ATH. It doesn't matter TBH if it surpasses or not, but I see it as a significant event still even though no one cares about it. Now instead of surpassing the ATH, we are seeing Bitcoin getting dumped and although its price is still above the $70,000 price range, seeing a big dump at the start of the month seems quite normal already. I mean we saw what happened in the first days of October, right? We saw a dump at the first days, but along the way, we see the gradual rise of the price of Bitcoin.

At the end of the day, I still believe that we will see a new ATH this year. Many are bullish right now. The sentiment is very bullish. There are some that might take profit, but in the medium term, it will rise.

there will be an overbearing market push to cause the uplift, because as the underlying most efficient mining cost keeps increasing(currently still $50k on average) it will push everyone up..
by this i mean if the most efficient mining price got to say $70k, and the market price was stuck around the low $70k range. everyone on the planet  will become buyers, because although those still mining at $70k can compete to mine for a few sats per block at $70k they can also just buy more coin for near same price. so would become eager buyers at a great price.. along with everyone else with higher mining costs that are already buyers..
right now the mining cost range of the planet (electric price $0.04-$0.50) for both hardware and electric spread over a 2 year ROI is $50k-$440k*, so when this moves up. everyone becomes eager buyers if the market has not already moved up

right now we do have alot of people with mining costs $80k+ happily not mining and instead being buyers.. but the whales are using arbitrage methods and walls to resist the market jump. because there is still alot of wiggle room between the market price and the underlying value for the price to go down for good cheaper deals. (remember underlying value still $50k right now)
but when the spread between value and market shrinks(value raises up).. we will see more eagerness from the buyer side and it will be the whales that would too also run out of funds to buy and they too would want to release the walls to get the market pushing up above $100k and beyond* so they can be later sellers and profit from the ATH sells

*sidenote: much like the 2021 ATH peaked at a certain level.. when the market premiums to NEAR the top cost on planet to mine, people stop buying and start mining

Well it may be $1 or $2 from current ATH but we don't know that it might be start of something profitable for many people like it may be a sign that bitcoin price will start to increase more starting from it's new ATH either starting from $1 or $2 up to how much it will increase. If nothing happens then it could just be a hype where the hype is having new ATH with just an increase of with $1 or $2. I think it is kinda shocking if they just wanted to do that.

But from which exchange does trading view pull it's numbers from?

This is the reasoning to knowing which exchange is the more valid number.
Because we all know when it comes to a monetary value, everybody would like it to be as precise as possible.
If your employer ever starts paying you using bitcoin, would you be offended if they shorted you even by a penny on your paycheck?
I would think everybody would.
Since it is not necessarily a matter of being shorted a penny but the reason behind it.
Nobody likes to be short changed especially from their employer.

Don't believe anybody goes by the price on Binance unless they are trading on that platform.
I remember Bitfinex was regarded as the defining price but I think this was because Bitstamp was not created yet.

As far as I know, the forum community goes by Bitstamp's price as a defacto marker to the price of Bitcoin.
From my time visiting the Wall Observer thread. They regard it as the bitcoin ticker there and if you mention Coinbase's price they will tell you that price is not precise.

Preev rate uses a combination of five exchanges to derive their price:
Bitstamp, Gemini, ItBit, Kraken, OKX
https://preev.com