Topic: Bitcoin All Time High (ATH) Position Now (Read 517 times)

Three day for bitcoin is most enough to reach higher price and just little correction last few hours and now bitcoin back to higher dominance again, new beginning with bitcoin could raised $34000 and many investor looks happy after bitcoin back to higher price, maybe will be most happiness in this year with bitcoin always get good moment up to higher price and many people waiting for when bitcoin and altcoin back to good place, after failed last two year and last December become moment for bitcoin really back to higher price.

Luckily, everyone who is holding bitcoin is in green now.

However, buying for 20K in 2017 is not the same as buying at 20k in 2020, three years later.
There is an Opportunity Cost for that money invested in 2017 and that was in red for 3 years. Additionally, many investors certainly had bad moments while in red, and emotions could have lead a lot of people to despair selling in the bear market.

about opportunity cost:
https://www.investopedia.com/terms/o/opportunitycost.asp

Just as 34k is just another number, a big -70% in a portfolio is also just a number, but with consequences in daily lives...
If bitcoin goes back to 10K (which i don't think is impossible) it will be near -70%...

Personally, I think bitcoin movement in long term is upward. I think 100K might be reachable in the future. But I have no crystal ball, and I think everyone should be very carefully, especially now when in a bull run. IMO, the best time to be brave is in a bear market, not now.

Resistance levels are not the reason why it gets harder, it is the amount required to go higher in % because when you sell 1 bitcoin for 100 dollars, you can find buyers easier, but when you sell it for 35k, it is going to be a bit harder. Breaking over resistance is not hard, think of places like grayscale and such, we are talking about billions of dollars bought and stored, these guys changed the whole game, and they bought between 10k-20k levels, so on average let's say 15k entry point, that means they have more than doubled their money which was already in billions.

I also think bitcoin move above all time high like this all the time, last time it was 1400 ATH and crashed, next time it was 20k, this time it is above 34k already, so whenever it breaks over all time high, it breaks over very fast.

Just need three days for bitcoin up around $4000 that can't be followed by any investment place, yeah give one investment place which can do that? the fear of missing out has fulled in the market, many investor just willing to buy bitcoin at the high price and push its price up and up until now.

There is no indicate for its price fall until either technically or fundamentally. Seem like $40.000 can be achieved next week perhaps, let see. And for those who hold altcoin, I don't know this bull run event has given a good return for them because bitcoin domination has been increasing from the start, so just choose bitcoin then you will safe.

Not ATH, but a natural fluctuation, the price used to need hundreds of days to change from $ 1 to $ 10, and then the changes from 10 to 100 took a longer time.
The price is now above 20,000, which means that the change of one or two thousand will not take much time as it used to happen in the past, but it is difficult to break the resistance levels that will make the price return to minimum levels.

^^ And to add to that, 2017 was a bubble waiting to be burst, that's why when we hit $20k or least near that price, the whole market crumble in the next 12 months. But at this scenario, it's different, we are not yet in the bubble, the price could literally sky rocketed this year and 2021 and maybe the next bubble will be in the 6 digit figures. Closing at $35k just what 3 days in? lot of things can happen this 2021.

I agree with half of what you said, it is an excellent idea to buy every month on regular basis or basically any time that you have some extra fiat that you want to get rid of.
But I disagree that people should avoid buying bitcoin just because it has hit ATH. The ATH price is simply another number, for example $1300 was also an ATH back in 2017 so was any other price ($1400, $1500,... $2000, $3000,...) that was reached. We are currently sitting at ~$34,000 which is simply another number.

The only time that buying should be avoided is the bubbles. Like $20,000 at the end of 2017. Similarly $20,001 about 2 months ago was an excellent buying opportunity even though it was an ATH.

yeah exactly. Like I sell my whole trading stash before a year ends just for tax purposes so I know exactly how much I started and ended with, regardless of if I made or lost money. You might have newbies who didn't think about this and are selling in January/February/March when they realize they need to take some of their profits to pay taxes, but that isn't gonna cause like a beginning of January correction! As you say, tax selling would mostly put pressure on the end of December, and obviously there was not sell pressure during that time this year.


I really am just waiting for some legit huge corporations to start putting some of their cash into Bitcoin as a store of value. I mean you figure if they just put 10% in, that will easily preserve the value against USD for the other 90% while still letting them not put too much "risk" in Bitcoin. Imagine dozens of big companies buying up hundred of millions of Bitcoin just for that 10%, while the largest most cash-rich companies in the world are buying a few billion each. I'd love to see Musk do another Tesla stock sale of a few billion dollars, and then put that cash they raise into Bitcoin to preserve its value. Oh I guess they just did a $5 billion stock sale in December...dude needs to get on board and throw a few B of that into Bitcoin! ;p Microstrategy putting in ~$1.15 billion and already being up $900 million is certainly a nice advertisement for other companies to get on board with Bitcoin as treasury.

I agree that this value is reachable.
However  everytime bitcoin hits ATH I think people should avoid to buy it.

I have many friends who bought in 2017 at 18, 19k and they had bad times during the last 3 years.

It is better to buy every month or so, regularly.

A lot of people are have fomo, but now it is the time to have patience and so not fomo.  Some good opportunities might show up again to buy

Bitcoin keeps setting new record now, if you looked on the market now it's $29311, there's a possibility of correction, some people expected this to happen before the end of the year where it will fall to the $20000 level, so far everything is good, there's still no correction insight and the buying motivation is still there, that means whales and institution are still coming and investing, and this is for the community.

The day that $20k resistance was broken I talked about momentum of this rally and how if it was maintained we could see it start the consistent rises with small corrections trend. Now that 1.5 months has passed from that day we are seeing that momentum grow every day and since every higher price that is reached is all new there isn't any psychological resistances to slow it down in ways like before so the price keeps growing a lot easier than before.
This strong momentum will remain strong like this for months possibly with no growth while the price keeps rising with the same speed. However, At some point the rise will lead to a lot more attention that it will bring a lot more "fresh money" in which in turn increase the speed and finally after a year (probably) we see another bubble which I predict to be above $400k.

Or $10k is the FOMO price, that's why when we hit that 5 figures again, there's no stopping people buying BTC at this price and continue to grow even at $20k.


I would say that $35k will be the next barrier, we haven't seen any resistance and with this movement, we might see $30k slice like a butter and then try to break $35k at least first quarter of next year.

$10K was maybe strong resistance after it broke $10K and then went below $10K. However remember what happened in 2017 with $10K? Many people assumed that its an important psychological number, it must stop there. And what happened instead? Went thru $10K like butter.

Same when we broke $20K this time, we came close a few times and eventually broke thru it like butter. I am pretty sure $30K will be no different. We will break it and then can easily reach $32-33K and maybe then $30K will be strong support. However on the way up, I don't think it will have much resistance.

$29,458.74 USD
That is the recorded ATH base on Coinmarketcap. Coingecko recorded a few dollars lower at $29,442.63.

$30,000 is possible this month but at the same time it can be a strong resistance too like what happened months ago where $10,000 is a very strong psychological resistance at that time. We don't know what can happen in the next days or weeks.

if you're in profit and it's a new tax year, why cash out? i don't understand the motivation to sell just to trigger a taxable event early in the year.

"tax selling" usually refers to traders realizing capital losses, before the new year, so they can lower their tax liability for that year. this sometimes exacerbates bear markets in november/december because so many traders are sitting on losses and want to close out at the same time.

......but in a bull market? you don't see the same effect.


imagine what'll happen if elon pulls a microstrategy and starts putting all that cash they're sitting on ($14-15 billion) into bitcoin.

$29,5k is the new ath right now, seems will trying to break $30k in a short time since bitcoin stable above $29k for a while.
When bitcoin success breaks $30k then the next target is $32k, it may be reached in a short time but it might not happen as some predict $30k is the big wall of resistance and the peak before reversal take place. We will see which one of the predictions will be the reality, if finally bitcoin gets corrected, prepared for more than a 30% drop.

The next 24 hours should be interesting since it’s a new year. Those that made lots of profit probably want to cash out on the new year to move it to next years taxes or to fall under a lower tax bracket next year.

However it seems that too many people are expecting this so most likely it won’t be the outcome. Just like people assumed that $13.8K would be the double top and then people assumed $20k would be the top and look what happened.

Markets like stocks are also crazy. Everyday Tesla keeps going up and up and nobody knows why. Pretty soon Elon musk will be the richest man on earth.

I'll probably be waiting for that moment to come. That certainly a high record in the market and I presume that in the next Bullrun, it is higher and surprising. The resistance keeps pushing forward, this means that the price will definitely move high instead of thinking corrections.

We are about to leave 2020 and welcome 2021, and the market seems to look very interesting still. The momentum still unbreakable but then, we can just be easy at all. Now, I look into what is the impact of the new constrain development of Covid-19.

Next bitcoin would rally towards $35k and if it's achieved with first week of new year then Bitcoin will not lag much to reach the golden mark of $50k which has been speculated from a long time. We have not seen any negative news or market variations in a while which is a good sign that Bitcoin will grow further and as Bitcoin grows it's pooling in more investment from people and shift of investment from altcoins to bitcoin have started.

The next thing is bitcoin will continue to be at the top for some time to come. Of course we'll all see that the new ATH is actually nowadays
Is there a chance that bitcoin touches $ 30,000?
I hope so.