Topic: Bitcoin at its ATH of 2023 so far - page 3. (Read 763 times)

For an increase in prices like what is currently happening or has occurred over the last two months, it is more appropriate to call it a bull run and I do not think that a decline will occur again in the near future. Even if there is another price decline in the market for Bitcoin, I think it will only be a normal correction and will not be too big because the current market trend has really improved and is even better than the last two months, so I am more confident for increases that will continue rather than for price decreases in the near future.

@slashz9, IMO, Bitcoin's price has not really performed as well as what its current price is right now. If you ask me, I'd say that Bitcoin is even supposed to be around $50k+ this month because so many predicted it like that, but just that the bullish trend did not start so early. Bitcoin has really been in the range of $20k to $30k for a very long time now, and it's a good thing that it's surged to $42k, and hopefully we are getting to $45k. Even if it's a bull trap, then you just have to hold on to your coin until you're convinced enough to sell it at a better price. But for those that bought at $16k, they've made some good profit, but the decision is on what price to sell.

There's no such way on knowing on when bull run do kicks in and tons of people had been assuming out that it is really that indeed just lurking in the shadows but with those recent ETF's and other
positive fundamentals then it would really be just that so hard to believe that this is some sort of bull trap. Whether there's a bull trap or not or simply organic growth then it is really always that
safe to assume that there would really be always a market correction on which it is really just that a normal approach on having this kind of movement because we know that market
cant really shoot up that too fast. There's always a correction after that but cant really be denied that this year do really shows that positive thing considering
that we've been sitting for so long on lower levels and now we are already past half way on reaching out the all time high which it might happen on next year but no one
actually knows.

To be honest, I'm surprised that BTC can reach 40k. It seems that BTC will soon go down because it has been rising continuously for the past 2 months.
but if btc will continue to rise, is this not called a bull trap anymore??

No one really knows for sure. It's best to use logic and not rely too much on what people are saying.

This seems like a Santa Claus rally, and our next local resistance is at $47,000. We've officially entered phase 2 of the bull market. Don't be surprised if we go back to $30,000 in the upcoming weeks. Something tells me many people wouldn't know how to manage their positions, and most of us might get deceived and played.

Timing isn't our strong suit. It's just about thinking about the probabilities.

If the OP throughly mean this then it won't be possible or might be just that we can't tell but certainly base on presumption it won't be possible for Bitcoin to hit All Time High this December. It might even turn out that Bitcoin might fall back to something lower than we expect, that's the volatile nature of Bitcoin which we must have understood.

No one is controlling the market, it is just an assumption base on the current market abilities, for certain the halving will definitely bring Bitcoin to an All Time High but before then there will be a bull run which is what we are experiencing now. Every other altcoins are associated with the price movement of Bitcoin, as Bitcoin is about to hit an All Time High I believe same will happen to those altcoins we hope to see them reach a higher price range.

It's obvious that the green color of bitcoin that is showing right now indicates that they will be a bullrun come 2024 and what I understand in bitcoin increment is that it retrace every year either goes up or it falls, but right now I don't think anyone can complain about bitcoin price of this year because we started seeing positive in bitcoin this starting from July and August.so we can't compare this year price and last year price, each of the have it's market regulations that determine the acceleration or increase of the price.

Are you using altcoins to measure or determine the marketcap of cryptocurrency, you know quite well that bitcoin gives rise to other coins and its well known and understanding that bitcoin increment skyrocket altcoins and if bitcoin should deficiency in the market base on the demands that helps for it's increment is low, that means altcoins who is under bitcoin will also drop in the market..in nullshell bitcoin price boasts the price of other coins.

Are aware that whatever things we are discussing about bitcoin is like speculation and assumptions, it's obvious that bitcoin can get to any heights of price at any given point in time, do you know that what skyrocket the price of bitcoin is dependable on the days or weeks bitcoin price get to, you can weak up today and see the price at sixty nine thousands [69k] what increase the prices of bitcoin is when the demand is of high potential than the supply and it happens now the price of bitcoin can increase to any point.

Bitcoin's 24-hour ATH on some exchanges is $42,400,  which is just very close to $45k, and if it can get to $45k, I assume that it will not be difficult to break another ATH for the year 2023; perhaps December is still left with 26 days, and if the price is supposed to get to $50k before the end of the year, it surely will. I am now positive that it might get to $50k before the end of 2023.

There is always breaking of All Time High mate because this has been recorded each 4 years cycle but
if you are assuming because of the Increase happening now is that we will make it this year of 2023?I'm not sure that there is even a chance .

the market is showing great as we always had  in each December or started in October each year ,
but that does not count of making ATH in December without the 4 year cycle that we have been witnessed for multiple   times now.

But what OP seems to believe that it is not just the Highest level of 2023 but another ATH for Bitcoin
that he was asking to if possible to come in this December .

I wish I had a job during that time because I would've made more potential profit if I had but I chose to chill and relax before becoming a part of the workforce which isn't that bad at all, it's not like I didn't do anything during those times doing relaxing, I made some personal progress so I can hopefully sell my skill better and it did pay off somehow. Pretty awesome experience. I just hope that bitcoin's going to continue it's run until the first few months of 2024, not a bad year to start if bitcoin gets to 100k right?

Right from the days of old Bitcoin has the potentials of making this kind of wave and I believe the time has come when those who took the chances of accumulating good amount of Bitcoin will attest to the fact that it was never wrong choosing Bitcoin as there investment, those who procrastinates will severely face regret not that they still can't buy now but they would have gotten it at a much lower price than they would get it now.

Witnessing Bitcoin at it's All Time High in this year 2023 is just what we have wished for long and it happend accordinly.  I already see some people here already making their speculations on the closing price of Bitcoin for this year, seems I should join them in doing so, as I would want to remain positive on this, I assume Bitcoin will definitely touch the $47K range or even more.

The market is definitely very bullish, especially if we consider that the halving has not taken place yet, but with bitcoin reaching 42k during some moments and with the price still remaining above 41k then it is clear that December is bound to be a great month for bitcoin, and it is even possible that we may surpass the 45k level before this month ends, what I do not know is if that kind of bullish sentiment can be maintained for long or if a correction will come before the halving as the price of bitcoin seems to be on the high side already.

It looks like that's a quite good possibility, we are not even 10% away from that, we are less different and it could very well happen. One day you wake up and it has moved from 39k levels to 41k levels, why not wake up to a day where it's 43k+ as well, and after that it's only matter of time to reach 45k or more.

It's looking quite good and I am hoping that we are going to end up with a good result here and there. I get that it's going to end up being a little bit difficult to pick and choose, but it is definitely a possibility that we could end up with profit by the end of the year. It just keeps growing and growing, that's an awesome situation, and it does provide a lot of benefits as well, I believe we are going to do just fine during this month.

It has been expected to reach 40$k and above this December mate , though some believe it will take place in November but of course many have failed  

ATH this year is 39k and still counting https://coinmarketcap.com/currencies/bitcoin/  so I assume this week( as we are still in weekend) will have 40kish in the morning of Monday .
2.87% is still a little to 5 that i believe will seal the BULL run properly , How many times that we are in 30k  level but never break 40k since couple of years.

This is really a positive sign. Something big is really coming to be honest. I checked the price and within 24 hours Bitcoins have actually surprised everyone. If this pace is maintained by the Bitcoins, then definitely at the end of month we might see Bitcoins crossing 60k usd. With this, we will also rise towards a new ath price for the coin. So I would suggest everyone to buy as many coins as you can. This time Bitcoins won’t fall down until and unless it touches 80k USD.

I actually think that the closing price of Bitcoin this year will be $45K or a little more than that because now Bitcoin has just reached more than $42K in today's market so the trend seems to be getting better and most people are also quite happy with this because after After being patient for a long time, we have achieved quite satisfactory results through the current price increase, although there are still many people who hold Bitcoin to wait for a more significant increase before halving.

As it was already assumed that the price of Bitcoin could increase from the end of this year we are seeing the current market conditions. We have reached the last month of 2023. Next year we look forward to Bitcoin halving. Since Halving will be organized, the confidence of the investors in the market has been also increased. Although we thought that maybe we could see Bitcoin surpass 40K in the last week of this month but it already surpass. Bitcoin is going to be bullish beyond the expected time. Meanwhile, the market has risen to $41700. I think if this trend continues we will cross 45k soon. Today the total market cap has reached 1.615 trillion. This is definitely a positive aspect. We expect to see a new Bitcoin ATH surpassing the previous ATH next year.

I almost died of laughter reading this sentence. Believe it or not, there are quite a few people in the forum who do not own any Bitcoin, but some of them do so out of necessity, they live in poor countries and what they earn in signature campaigns they exchange to be able to live.

What is clear is that the best is beginning. A couple of years ago an unexpected drop began (because everyone expected a higher ATH) and since then we only had a drop in price and boredom, like 6 months this year that have been sideways. 2024 and 2025 will most likely be good years.

Whether this is a bull market or a market in recovery depends on when you bought bitcoin. If you bought bitcoin when it was at 15k-17k then you cannot say this is a recovering market when you have made over 150% profit. For me, this was not a strong bullish season as many expected, but this year was a bullish year for me because I made 2x, even 4x profits from investments into altcoins. If we rely on the bitcoin chart, we are in the pre-bull phase and the bear season is over.

Is a nice site to view Bitcoin almost climbing up to $40,000 which has sprung up a lot of discussions in that direction and many bitcoin market speculators are already predicting a bull return in the Bitcoin market,  but for me I am sure 40k is not a enough benchmarks to call it a bull market but rather,  we are at a recovery level at the moment and this could possibly holds way for quite a while before any major market break out that could then be considered,  the start of a bull market and by then we can aimed and seeing a new all time high (ATH) price.

At this point, we are only seeing some level of recovery in the price of bitcoin and nothing more than that,  2.87% movement is still ok to make some short-term DCA decisions,  but then also we have to check the risk ratio.