Topic: Bitcoin at its ATH of 2023 so far - page 2. (Read 763 times)

Am not saying impossible here as we still have few weeks left for this year. Everything is possible in this market.
But if nothing else, whatever we have right now is creating positivity in this community.
Do remember, it has been more than a year that we have seen the $40k level, so this is already good news before this year ends.
As the halving is coming, I believe, there will be more positive news developing on its way.

We did got a good increased at the beginning of the year, just look at this data:



https://www.coinglass.com/today

So far we have 9 months out of the 12 that we have at least in the green area. As compare to last year, more reds 8/12. So it's a complete U-turn for this year and it seems that we will end up maybe around $45k or more as what the majority have predicted.

But it doesn't mean that we are done though, 2024-2025 is expected to be one of the biggest bull run in bitcoin's young history so it's better to just buy and hold for now and not sell even if we see more than 100% gain since the lowest low of $15,500 from last year.

The surprise that has occurred is the price increase of up to $44K and Bitcoin is able to survive with an increase of several months in 2023 in a row.
2023 to reach the highest level is still impossible. Our hope is that Bitcoin to achieve the highest lever may be achieved by the end of 2024 or early 2025.

Increasing the price of Bitcoin in the last three months if I am not wrong in remembering it is so fun because more than half half of 2023 the market struggles to be like now.

You are not the only one that is surprised about what we are currently seeing, many traders expected for the halving to take place before we saw bitcoin again above the 40k level, and yet here we are, now as you state it is possible this is a bull trap and we could see a decrease on the price of bitcoin during the next weeks, but even if that was the case the signs that bitcoin has been giving makes me think the next bull run is going to be way bigger than I anticipated.

After the beyond-expectation bullish movements of Bitcoin, there is nothing best fitting another bull run at this phase. Bitcoin had moved from about $24,900 within 4 months to above $44,500, which is almost a $20,000 movement towards. This can only be called a bullish run and it has been long that Bitcoin moved this much. Maybe when it was declining in 2021. But on the bullish side, it has not moved this much since the last post-halving time of 2020-2021 and it's a very good thing seeing the coin finally living up to expectations again. I can't wait to see Bitcoin move upwards to breach the ATH recorded in 2021, and by this, the critics will know that the coin is relentless and resilient as the analysts always claim it is. I now expect it to eventually hit $45,000 with time, and even a $50,000 psychological level is not safer in the sight of the coin anymore. However, I would advise you and others to be cautious at the same time and let our charts guide us appropriately.

I said this because you claimed it might not decline, but in reality, it's making some effect to make corrections. And when checked my chart, the price action on the daily chart is already bearish, and in addition, other confirming strategies show that Bitcoin will be selling today. Who knows if it the selling will last till the end of this week or more.

Yes we did make the ath for 2023 so far. And there is still this month now to see if we can go even higher. I would be very happy with a end of the 2023 year price for Bitcoin of 45k not want to be greedy.

That is the question we have to think about. I did read we will maybe have a big correction before the price of Bitcoin passes 45k because we have been stuck with 44k in this 'bull run'. And yes I do think that the 'bull run' is just beginning to start.

I think the less good ones are not really all that crazy, we should be considering them as good as it gets and I think we should be considering the situation to be a little bit different in the end. I believe that we are going to end up with something that should be considered as bigger deal than we should, and that should be something that matters one way or another.

Hopefully people could realize that we are not at a bad situation, we are doing amazingly, and we should be keep going higher and higher if given enough green light. I get that sometimes that feels like not that possible, but we really need to consider that as possibility. I know it's a tough situation to be in, because expecting a huge rise is a very nerve wrecking thing, you always think to yourself "what if I am wrong", after all if you sell your coins and it goes up then you didn't win but you didn't lose, but if you invest and it goes down then you lose, so it's scary to buy and hold however, it should be fine.

The stock market, the crypto market this year has gotten a little worse, the situation looks less than pleasant, some speculation is not directed, so so far the price of Bitcoin has shown good value in terms of price movement, it has touched the price of $44k, meaning it has shown 5, so many percentincrease rate.

Talking about ATH, some of the speculation I've read is good, but some of the other speculation is less pleasant, but I hope that the next ATH can be better than what has happened, that is what can be hoped for, you cannot be sure before something happens, hope for something good.

Yes we can see more pump because now the bitcoin is above 43k$ and in this month bitcoin will experience more surge so it is a good time for all holders of bitcoin. This all increase is due to the reality of halving so if bitcoin price is higher and is going more higher then think about halving that during halving the price will be even more surge than current worth.

Now there is a clear indication that Bull season has begin so try to wait little more so you all will be in profit once bitcoin achieve the target price for which you have planned for selling your asset. There are more surprises to be come until April of next year so be active and work according to market pumps and dumps.

I hope so, so that we can enjoy this new price for a while, as there are also instances that the correction immediately occurs right after a new high has been reached. Crypto market is not stable but it is highly volatile and people can benefit with it but if the volatility level becomes moderate, I think this is also better. It can normalize our emotions as well. Preparations must be there so that you will know what to do whatever the market throws at you.

Everyone is expecting for a bull run. This is why many are still buying and they can disregard these increases in the price. There might be people who will wait for a while and see if the price dips down for a second.

It is now   recorded the 2023 ATH actually it is 2022-2023 All time High recording almost 44 thousand dollars value for Bitcoin that we have not seen for long now , though there is a small corrections happening now dropping to 42k once again.

those other Holder is maybe cutting losses and yes making its way to make some profit .

But I am not comfortable talking about Bitcoin reaching ATH this year like growing above 68 thousand? maybe this is so much to expect and for me even how High Bitcoin may take now yet the Miner will have the advantage.

I have tried sending BTC now and to my surprise ? the lowest transaction fee or the slowest is 163sat/vB and the fastest that will take 10-30mins is 243sat/vB i which I feel so insane to take out.

In a good strategy, you are ready for all the conditions that will occur in the market.
But looking at the current market which is quite bullish and Bitcoin reaching a price of $44k, this is a tremendous rise for the end of this year.

But we still have plenty of time until the end of the year closing.
If Bitcoin can still survive, it may still reach a price of $50k.
But if, as you say, you are ready for the correction that is about to happen and are ready to buy gradually or DCA.
It cannot be avoided because market conditions are quite overbought

Most of us also wished we had a job then too but like even if one didn't had any job as at that time but I believe that their were some business we were doing as at that time that was fetching little income but it was just that most people were afraid to invest with the belief that it's future may not really be sustainable so in this life if you really want to be successful then you need to remove the spirit of fear and losing because even if one fails then at least you've gained an experience for the future, even now that the price of Bitcoin has skyrocket it's not yet late to accumulate Bitcoin as against the upcoming halving and bull market.

Price correction is inevitable because we cant really have a market that would really be shooting up high forever.For those people who are anticipating that there might be further more price increase then they should hold but for those who do want to secure out their profits just because they had bought on lower price then it isnt bad to sell out. It would be always according into someones situations and preference.
Cant agree more that this is indeed the ATH for this year 2023 on which its been a while on looking or seeing with these prices.

Now that we are fast approaching for the halving event then expect that price might climb up more but just like been said on which im already anticipating for some
correction later on. IF ever it would happen on upcoming days then i do have already the funds to make some DCA.  

Man oh man, I figured bitcoin would break out hard, either up or down after being stuck in the $28k area.  I'm pleased to see that it's the former, even if I have no clue what's driving the price up.  I sort of figured bitcoin would start dropping after everyone saw that governments are scrutinizing crypto harder than ever.

The market does tend to surprise me--and that's probably why I never made any money.  If I'd known what bitcoin was going to do back in 2015 I would have erased every doubt I had about it and bought with every cent I had.  I can't help but kick myself at times like these.

ATH and defining just 2023 is a contradiction but I get the idea.  We have been rising this whole year on the lows if not the highs so its not too surprising and out of line to make a high at this end of year and also main markets are far more positive I think.    Dollar index is rising slightly last I looked, its still possible we are capped.
   Anyhow my main point would be we are operating still off the range first set by the actual ATH as is all time not one year.   The secret to BTC is one year is just a second in its life time, somehow this time traveler is older in its gait then we could imagine despite its appearance just within the last few years it acts like some ancient oak in its stature imo.
  I will still refer to the Fibonacci lines from ATH to the low most immediately after, I think the extrapolation between those two would be most relevant now to its moves and where we might top out in 2023 before retracting, revising and then rallying probably further along in 2024.  I reckon we're outside the broad range of the price channel for 2023 so its acting like a breakout but usually a pullback occurs somewhere.

Price corrections are an inseparable part of the market. Prices will be corrected due to many factors, even if it is due to overbought. Of course there is always the possibility of the bitcoin price correcting, but it is never bad because I see it as rational to expect a bigger increase. Day traders certainly need to be careful, while long-term investors don't need to think about volatility too much. You just need to build your investment portfolio better with a good strategy, I mean dip and dca are good for accumulation in the long term.

Today, the price of bitcoin has broken a good resistance level, it is at $44k. Traders who sell at $40k and below certainly feel regret because in reality the dip they expected to buy back did not occur but the price actually rose to a higher level. The end of this year will be an exciting one for every holder, but you are right that there is always the possibility of a correction.

This year's close may be around 45k but there is no correction yet. This month's ATH may give some signals but investing before the correction may cause us to make a mistake. It makes sense for me to wait for a correction to buy.

This increase in the price of Bitcoin is good news, but despite all this increase, there are still those who say that the price will fall. It's worth being a bit cautious, so setting aside some money for a purchase could be a good move.

There are those who say that the rise will continue even before the halving, but it is still necessary to keep a close eye on the market and keep our moves ready.

I have hopes that bitcoin can rise due to the approvals of the ETFs  , perhaps at this moment it will not reach its ATH price but it is very likely that it will go towards that, because first we are in a moment where things can be very favorable since the price of bitcoin is rising noticeably we are in a pre-halving, and that makes many investors want to own bitcoin and not sell for anything in the world, this makes people cause a lot of commotion by wanting to only invest in what they can obtain as profits but not right now, in a not too Distant time because it is said that the highest ATH may come in 2024, but what can be expected is that it will be very good.

I don't know, there are many articles that suggest a very good rally for the end of this year, but it's all about seeing if it happens or not, we have to continue Watching the btc price because the normal thing is that things can focus on a good bullish rally.

Supposedly it could be at $50K this month, because it's only the beginning of the month it might happen or even stay in the range of $40K to $45K, see the current price continues to rise $43,781 at the time of this writing it might soon materialize to $45K and hopefully it will happen tonight because seeing the movement of bitcoin moving up in December is still quite significant.

As it is not a bull trap considering the support point is quite strong, I believe this mini bullish is due to several factors where many institutions are buying so much bitcoin into their pockets in addition to the imminent ETF approval according to media news, so maybe that can cause it.
Broadly speaking they have profited 150% more for those who have bought at $16K will be more HODL until the price is really high.