The biggest problem is Grayscale which still has around 300K bitcoins left.
When they run out of BTC to sell the price can really start to take off again.
Topic: BITCOIN AT 63K. What should we expect moving forward? - page 3. (Read 405 times)
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Such an impressive rebound from $53k to $63k clearly indicates that BTC-investors are inclined to buy this asset rather than sell, which is a good signal that bitcoin will not fall further. There were more people who retained sober thinking and didn't succumb to panic and bought cheaper BTC, which in turn kept it above the psychological level of $50k. I assume that the price will hang around at the current level with a slight gradual increase. I don’t think that the price will collapse again, but we will certainly see ATH, but not in the coming weeks (month), but later.Move this topic to the "Speculation" section please.
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
I would say we are still in the price correction phase. Hence if you are planning to sell or buy then you need to observe for a bit now. You need to understand that why this sudden rise and fall happen in the price of Bitcoin. This happens due to the traders increasing the demand to accumulate the coins. Due to the limited and fixed supply of Bitcoins, the price goes up when more buy orders are placed all over all the exchanges. Similarly the reverse also happens when more sell orders are placed. So if you are planning to buy, then buy the coins. These price ups and downs will be common for certain period of time now.
However, this time it is not just halving hype that is the driving force, it is the halving itself (the fresh supply that was reduced by 50%) that lowered the supply and reduced the sell pressure.
We now have fewer sellers than buyers I think I read some miners are switching into AI's since their returns can't mitigate their expenses.
We go closer to oligopoly as years go by.
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over?
You'll never know if the retracement is over or there will be some barrier that needs to be broken to say that the retracement is over. This is going to be a long overhaul for Bitcoin and everyone who's been on this market are patient to wait for that push that we're all waiting for. Give it time and react accordingly whether you're a seller or a buyer.Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
We don't know, it's always like this. It's speculative and everyone opinion that has some good backup analysis will convince you that it might create another ATH for this year or a dead cat bounce or any kind of analysis. But one thing is that we're all looking forward, and that's to see a new ATH. 
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
It is very difficult whether the market will go up or down from the current position of the Bitcoin market. We have been seeing volatility in the Bitcoin market for quite some time now. We see Bitcoin markets ranging from $67k to $60k and $60k to $56k. Since we have completed the bitcoin halving and are slowly heading towards a bull market, I can predict that the market will gradually move upwards. Many predict that Bitcoin will be in the $100,000 range in 2024, so we can say that the market can go up from here. 
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Don't just go with the market or you'll lose all your assets. It's true that BTC has given so much profits into the previous bull run but it not the case always. You have to look into this real world that everyone one here is to make the profits so it will not be you always who'll make profits.Just be careful while investing into the crypto world as the big investors can manipulate the market everytime they want to make them good profits.
Can you tell me how this person will lose all his assets because he go with the market? He is in Bitcoin, he will never lose anything until he decides to sell for a loss, some people bought the top in 2021 and they are still here today, holding, it is Bitcoin and it doesn't matter, Bitcoin will always be here to stay.
OP all I can tell you is to have patience, everyone keeps saying things will be different this time but so far Bitcoin is doing the same thing it did in the last cycles, all you want is some good gains just like me, it will take time, for now do not believe what the news is saying, in fact stop reading them, just wait for a new ATH and take profit.
I as a person have nothing to lose, I have most of my money in Bitcoin as I plan to make it my Bank account instead, the reason why most people panic about Bitcoin price action is the source of the money they invested, most of them can't see that money shrinked in value, you will be fine if you invest only what you can afford to lose..
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
We don't know if the retracement is over for now, but I do agree that it's good to see the price goes back to $63k after a dump to $57k. But that's how the market is, very volatile and most of the time when we expect that it will go on this path, suddenly it goes on the opposite direction. And maybe after 2 weeks from the block halving, we might have seen the glimpse of what the movement will be in the future. So yeah, we should be glad to see that it has bounce back, and hopefully during the time that it went down, majority here could have accumulate and take that opportunity to stash some Bitcoin at $57k'ish.
Is the retracment over?
$62,839 weekend open price. The problem is that it is almost impossible to predict the direction of the market accurately.$63k is also still not completely a price that will last even though the market has been showing a green graph since yesterday.
Quote
Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
A new ATH will happen and that's for sure. Again, we are not sure whether it will happen this month or next month or in 2025.For holders, a certainty regarding the new ATH will be obtained even though I once had a thought that said a new ATH would occur next year.
Oh yeah. Just move this discussion topic to the speculation board.
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Don't just go with the market or you'll lose all your assets. It's true that BTC has given so much profits into the previous bull run but it not the case always. You have to look into this real world that everyone one here is to make the profits so it will not be you always who'll make profits.Just be careful while investing into the crypto world as the big investors can manipulate the market everytime they want to make them good profits.
Is the retracment over?
It has always been impossible to accurately predict the market movements. For example it was expected to see a drop after the halving hype ended but I personally never expected a crash all the way down to $56.5k.Is it over? Possibly, since over the past 3 days we've been seeing a reversal and setting green candles.
Quote
Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Dead cat bounce requires bitcoin to have died and be in a bear market where price continues going down over the long haul. This was just a correction after the halving hype big-rise. If you zoom out and watch the chart over the past 5 months you can see we have been on the rise (starting from ~$38k) and we are heading to $70k again to test that resistance for the 4th time. However, this time it is not just halving hype that is the driving force, it is the halving itself (the fresh supply that was reduced by 50%) that lowered the supply and reduced the sell pressure.
Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Jump to: