Bitcoin at its ATH of 2023 so far - page 6.

kryptqnick

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

https://www.livemint.com/market/cryptocurrency/bitcoin-surges-2-87-to-its-highest-level-this-year-11701429005470.html

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

There's a month left till the end of the year, and this all this progress, Bitcoin is still more than 40% down from its ATH. I don't think it's going to fully recover till the end of the year, and I think it's somewhat early for a proper bullish market. Perhaps we'll just see a new stabilization of the price somewhere around $40-$45k and enter a new phase of few changes of the price. Of course, maybe I'm completely wrong, but I'm just not that optimistic. Another turnback with the price returning to $30k is also completely realistic at this point.

AprilioMP

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023.

2.8% is just a percentage increase in 24h or 1d. If you look again at the Bitcoin price graph on several sites, it has changed again - it has increased by 3% and will still be able to increase and decrease according to my analysis when monitoring the Bitcoin graph rate on tradingview.

Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Does this year has more surprises for us and we can break all time high of bitcoin ?

I don't know how it will go at the end of this year. I think this year there will not be a high price because in the cycle it still takes many days to reach a new historical high price level.
I referred to several sources regarding the Bitcoin halving time which said it was around 130 days away plus the number of days after the halving. Here I said the highest record still won't happen this year but based on current calculations it will happen in 2024 and I still don't dare say it will definitely happen.

Ndabagi01

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I am not surprised by the sudden surge that marked bitcoin's all-time high this year. Since October, it has been predicted that it will rise to this level. This is a good sign of a bullish market as we approach the new year and the halving event. We are only on the first day of the month, so the price could rise to $40K before closing this year. The support level is strong, which indicates a more prosperous bullish market in the future. A new all-time high is almost certain to occur following next year's halving, which will be a significant milestone in the history of bitcoin since after marking 2021 ATH.

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It looks like this won't stop yet because now the price of bitcoin has returned to a green candle where there is an increase in the price of bitcoin. This may continue until the $39k price is broken and could reach $40k by the end of the year.
We still have a month until the end of the year so we will probably see a lot of wild movements in the price of bitcoin. So we have to prepare ourselves to be able to adapt to the situation that occurs in the market.
If you see an opportunity to buy bitcoin, you can buy it, but if not, you can wait for the price to correct so you can buy bitcoin at a lower price.

Sim_card

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It is good to see how bitcoin price is moving up and I believe that this will not be highest price for this year, because there is still be upward movement before the last day of the year. Bitcoin price might reach 40k to wrap up the year. Next year will be when we will see bitcoin price skyrocket if Bitcion ETF will be approved by SEC by next year January. Infact next year is the year for bitcoin because of the we are also expecting the halving and after that comes the bull run later. Bitcoin is a great assets and also repeats history.

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

https://www.livemint.com/market/cryptocurrency/bitcoin-surges-2-87-to-its-highest-level-this-year-11701429005470.html

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

The all-time high will not be broken this year for Bitcoin, because the price of Bitcoin today is still below $40K even though it has increased by 2.87%. So you can expect a more logical price than the all-time high price, for example, like expecting a price of $40K in this year even though it is the highest price in this year, but if you expect an all-time high price, that means you have to be ready to wait for Bitcoin to increase up to $70K and that will certainly be quite difficult to happen this year with its already very short duration.

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

2023 was a good year, initially, it was not that rewarding but we can say it was a happy ending, it's 1st December and I'm expecting the high of 2023 around the range between $40k to $42k. Currently according to the developments so far it was a roller coaster journey of 2023, but 2024 is gonna bring something called wooop wooop.

All-Time High is not a piece of cake here, we had just a few more weeks in this year left behind, and even if the SEC approves a couple of ETF's it will be hard for market to pump to the level of ATH.

Kakmakr

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Yea, I think we are seeing a repeat of the 2021 recovery phase to the ATH (All Time High) of $60 000+.... but that started in August of that year.... and then there was a sudden spike in the price.

I hope this is the bottom end of the recovery phase and that it will spike during the second half of December, we need that extra boost for the December/January holiday period, because there are always a slump in January/February.. when people spend a lot of Xmas gifts and expensive holidays. Wink

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

https://www.livemint.com/market/cryptocurrency/bitcoin-surges-2-87-to-its-highest-level-this-year-11701429005470.html

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

anything can happen, a new ath will be created, in the next bullrun, by the end of the year bitcoin could be at 35-40k$ looking at the market conditions which are rising so fast there is still time for that achievement, anything can happen in crypto surprise after surprise there will definitely be

WhyFhy

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Quote from: Oshosondy on December 01, 2023, 07:30:18 AM

Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

Do not expect all-time-high this year as we said since the beginning in January, but we expected the price of bitcoin to increase and it did. The day to all-time-high is getting closer. Let us see what will happen after United States SEC approve bitcoin ETF and also some months after halving. Be expecting all-time-high by next year, but the price may increase more in 2025 which might be all-time-high.

Never say never. Around December 8th 2020 we where at like 19k, Jan 8th 2021 we hit 40K Before a halving then proceeded to 60k shortly after, my point is a lot of the action happened before halving. (and after)

gunhell16

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

https://www.livemint.com/market/cryptocurrency/bitcoin-surges-2-87-to-its-highest-level-this-year-11701429005470.html

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

Well, as far as I can see, in January, there will be the beginning of the rise of cryptocurrencies, apart from Bitcoin, which is sure to lead the market. This December seems to be just right, in my opinion, based on my testimony in my few years in this industry.

So what some of our colleagues here in the forum said is correct: we should not expect a high ATH before the end of this year, 2023. After all, our real battle is waiting for the day of bitcoin halving and bull run, to be honest, and it may actually start next year.

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

We in 2023 experienced a price below $20K, so a pleasant situation seeing Bitcoin can survive above $35K and $36K. Bitcoin closed November at a price of $37,712 and the next expectation prices above $38k could last up to 31 Dec 2023 so that in 2024 the percentage could increase even greater.
This year it still cannot be determined as a surprising thing will happen but it is not wrong to expect to reach above $40K if the market does not experience events or incidents that make prices fall again.
Before the market experienced a large increase, trying to have Bitcoin there was still an opportunity.

boyptc

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Can imagine that this is one of the best year after the believed bear market based on the cycles that we've got. I think that even before this year ends since we're on the last month, it's possible that it may go $39k-$40k.

Well, for $39k, it's just a few hundreds away and very likely that we'll see it.

And what's more exciting is the effect of it with the next halving + the etfs.

alastantiger

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

Just some months ago, we were debating if bitcoin was going to hit a new all-time-high this year and here we are seeing it happen. It doesn't stop yet. In January, permit to say the price is going to explode(although this may be wrong), but our predictions in the community is that it will grow stronger in the first to third quarter of the year. This is what we are sure of. And nothing excites me more than this that it literally gives me goose bumps. HOLD strong folks.

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Quote from: DeathAngel on December 01, 2023, 07:15:48 AM

It’s great to see, we were at $16,000 for quite a few months if I remember correctly, only last year. Bitcoin continues to show how strong & what a great asset it is cycle after cycle. At this point I think you’re generally a moron if you don’t own any Bitcoin. Let’s see how 2024 goes, I predict it’s going to be a very bullish year.

Right, lowest low for this cycle is around $15,500, when the news about the FTX collapse, and with that we are like 120%++ growth already and it's continuing as of this year as we still have one full month before the end of the year. And there are predictions that we will hit at least $45k, but remains to be seen.

But I think the title is somewhat misleading, maybe the better term is the highest for this year.

As usually all time high is reserved during the bull run wherein we reach a new milestone price as compare to the previous bull run of $69k.

Franctoshi

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Today marks the beginning of the last month of the year and currently the price of BTC is trading around $38k per Bitcoin, though the momentum is gradually increasing day after day as we approach the end of the year and Bitcoin next halving, we are $31k away from its ATH, after we dropped to the lowest of $16k after the last bull run and if you minus 16k from the current price 38k, Bitcoin have had $22k increase in the price from January to November; Therefore, I don't see the possibility of Bitcoin using 1 month to have a growth of $31k from the current price to take us to 69K ATH.

tjtonmoy

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Compared to its previous ATH, we are not there yet. New ATH for 2023? yes! But for BTC to make a new ATH this year is unlikely. The next Halving will take place in 2024 and as many have expected, that could lead to a bull market. Even after the bull market, BTC will struggle to reach a new ATH. It will go up for sure but to make a new ATH will be a long road. It will reach new ATH no doubt. But it will take time.

The journey is not going to be smooth. But the destination is already predicted. So I don't think we will see a massive change in the market at the end of this year.

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I just saw it, that surge is impressive. With the way things are going, who knows what surprises the rest of the year might bring?
Breaking the all-time high would be a significant milestone, could be before this year ends or maybe next year? Many in the crypto community are likely keeping a close eye on the market trends. Hoping for more positive developments and reach new heights in the coming months. But always remember that its market dynamics is unpredictable.

royalfestus

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As the market prepares for the halving and the bull market, this is how it looks. I am still waiting for all other altcoins that are close to bitcoin to react on the marketcap to find out how big the cryptocurrency will become this time around. It is impossible to control this market, and people should stop looking at the news, especially as the halving approach, as the bull will undoubtedly come regardless of the news and banter.

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Quote from: dhruvfire on December 01, 2023, 07:07:11 AM

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin ?

Do not expect all-time-high this year as we said since the beginning in January, but we expected the price of bitcoin to increase and it did. The day to all-time-high is getting closer. Let us see what will happen after United States SEC approve bitcoin ETF and also some months after halving. Be expecting all-time-high by next year, but the price may increase more in 2025 which might be all-time-high.

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