Bitcoin All-Time High almost reached yesterday - page 8.

Mia Chloe

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Quote from: rdbase on October 30, 2024, 05:11:00 AM

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.

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.

FortuneFollower

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Quote from: franky1 on October 30, 2024, 11:37:50 AM

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

So we need to do the same and keep the bags open for the positions to go into 2025?

?

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Quote from: Alpha Marine on October 30, 2024, 10:43:28 AM

Quote from: BitMaxz on October 30, 2024, 07:21:07 AM

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.

franky1

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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

Alpha Marine

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Quote from: BitMaxz on October 30, 2024, 07:21:07 AM

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.

Z-tight

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Wheel of Whales 🐳

Quote from: BitMaxz on October 30, 2024, 09:29:14 AM

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.

Text

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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.

SquirrelJulietGarden

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Quote from: rdbase on October 30, 2024, 05:11:00 AM

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.

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.

sarmrakib

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Quote from: BitMaxz on October 30, 2024, 07:21:07 AM

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.

BitMaxz

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Happy New year 🤗

Quote from: ? on October 30, 2024, 08:00:01 AM

Do you think after the new ATH, there would be a flow out and then pump back to the 100k eventually?

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.

?

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Quote from: BitMaxz on October 30, 2024, 07:21:07 AM

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.

Do you think after the new ATH, there would be a flow out and then pump back to the 100k eventually?

BitMaxz

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Happy New year 🤗

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.

Helena Yu

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Quote from: Natalim on October 30, 2024, 05:27:44 AM

The most reliable IMO is the coinmarketcap.com because it listed a big number of exchanges and it's using volume-weighted average price (VWAP)..

If we're using the data from Coinmarketcap, everything will change.

From two above articles, one is saying the ATH was $73,740 and another one is $73,737 and in CMC the ATH was $73,750 and the recent ATH is $73,544 which the difference is $200.

Instead of confusing whether it's $150, $175, $200, we can say 2%-3%. Cheesy

Natalim

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BTC to the MOON in 2019

The most reliable IMO is the coinmarketcap.com because it listed a big number of exchanges and it's using volume-weighted average price (VWAP)..

Quote

What Is the Volume-Weighted Average Price (VWAP)?
The volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts that resets at the start of every new trading session. It's the average price a security has traded at throughout the day, based on both volume and price.

VWAP is important because it provides traders with insight into both the price trend and value of a security.

This article talks only about the price in bitstamp, while this one is using VWAP to determine the price.

betswift

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Would it even matter - that - much if the ATH was breached even for a dollar, or two?..
Just a simple question - of a course, if it would be breached for a thousand or so - it would be a marker for the future.

rdbase

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Yesterday Bitcoin's All Time High of $73,737 was almost breached on October 30th.
But one website said it was short by $150

https://cryptopotato.com/bitcoin-came-150-away-from-new-all-time-high-sui-explodes-12-daily-market-watch

while another said it was off by $175

https://coinmarketcap.com/academy/article/bitcoin-teases-new-all-time-high-falls-short-by-dollar175

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?

Topic: Bitcoin All-Time High almost reached yesterday - page 8. (Read 1863 times)