Topic: Bitcoin breaks 2021 ATH and hits $71k! (Read 749 times)
We have seen Bitcoins reaching at 78k usd. Yes so it broke the ATH price I must say. This proves that Bitcoins are growing rapidly and continuously. They are giving heavy returns to its investors in short period of time of 4 years only. Hence we can see that investing in Bitcoins really is profitable and due to the fixed amount of supply it can be beneficial to invest for long term.
Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?
https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.
Bitcoin is not stable at the moment and we saw it touch the $58-9k waters about two days back and that must have gotten some holders to panic and sell their coins but at the moment, it has picked up pace and is as at time of writing, $62,917.40. I wonder if we'd be able to see more upward movement to around the range of say $67-68k or is this the best we'd see it for the moment?
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.
I clearly remember that when the halving event was approaching, everyone was very optimistic and believed that bitcoin would have a new ATH in April but in the end it went against the crowd's expectations. But now that people are no longer optimistic and starting to panic, I no longer see too many people who think bitcoin will rise this month. I'm thinking that bitcoin always surprises the crowd, it always rises in people's doubts, so maybe this month will be a good month of growth for bitcoin. The more people believe that bitcoin will drop to the 5x area, the more confident I am with my thinking, let's wait and see what happens, I believe those who sell their bitcoin and wait to buy at a lower price will soon regret their decision.
Bitcoin is not stable at the moment and we saw it touch the $58-9k waters about two days back and that must have gotten some holders to panic and sell their coins but at the moment, it has picked up pace and is as at time of writing, $62,917.40. I wonder if we'd be able to see more upward movement to around the range of say $67-68k or is this the best we'd see it for the moment?
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.
May is seldom a good month for Bitcoin price, maybe this time will be different? Speculators are predicting it's price to fall to $67k by tomorrow and even though there's a rise now, I'm not certain it will get there as I see it's price to be fluctuating around $63-64k.
Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?
the price of cryptocurrencies especially bitcoin is unpredictable because The price can be at range of 70,000 and within some minutes the price will go down to 50,000 so that is why we say that the price of Bitcoin is not constant and in some predictable because the market you cannot determine the market what makes the price to fluctuate is because of the demand and the supply or the market when did the mind is higher than the supply the market will continue to accelerate but when the supply is higher than the Demand The Market will start going down 
~Snip
Every significant increase will have the same potential for a market decline, so we are always advised to avoid investing in unstable market conditions to avoid significant declines, even though the market condition is only down $6k from the highest price but don't ignore other declines that have not yet occurred. happened, so every investor has been waiting for a lower market price moment to invest in the $50k target, we have seen the market almost fall below 60k despite a temporary recovery that could sustain the market price above 60k.In all likelihood, there are always people who will buy regardless of how high or low the price of bitcoin is. More than a year of major bullishness will occur after the halving, so they can take advantage of this day to buy a lot and wait for the right time to sell at the right price.
Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.
That amount is a very reasonable amount for a coin like Bitcoin to experience a price correction because with Bitcoin's current price being that high, of course it wouldn't be that big if the price correction was only $5K or less than that. Moreover, you can also see what percentage of the price correction is so that in the future you will be more used to seeing corrections again in Bitcoin at different times. So don't be surprised by that and keep investing in Bitcoin with the current conditions.legendary
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Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.
That amount is a very reasonable amount for a coin like Bitcoin to experience a price correction because with Bitcoin's current price being that high, of course it wouldn't be that big if the price correction was only $5K or less than that. Moreover, you can also see what percentage of the price correction is so that in the future you will be more used to seeing corrections again in Bitcoin at different times. So don't be surprised by that and keep investing in Bitcoin with the current conditions. 
Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.
saying the dump from $71k to $65k to be dumping so much is in my opinion kinda hyperbolic though no offense but we've seen even worse price dump already basically going down from $70k to $60k, this one price pull back is mild at best there's no reason to over worrying about it the reason why people are so shocked is because altcoin is dumping hard too which few weeks ago don't really follow the trend of bitcoin because altcoins are having their own moment of bullrun right now all altcoin are following the price crash of bitcoin but so far nothing to be concerned.the price will eventually recovers back, my investment that were made when bitcoin was dipping already in profit right now so its definitely good situation for me.
but for those that bought around $70k definitely losing some money but they can just wait it out.
remember that the holder that bought at the peak previous bullrun might think their money is doomed when the price suddenly falls back then, but little do they know that the current price is already around the previous bullrun all time high.
Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?
https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
Currently, today I checked the price this morning and saw that Bitcoin has directly touched $65k from $71k. I never thought it would be possible for bitcoin price to dump so much but recover and go back to past pace. So I prefer to invest in bitcoin today dumping and recovery.
I'd say getting used to this back and forth in price will help limit the expectations we have for this year's halving. Bitcoin has been in the $63-68k for the better part of last week but we are seeing improvement this week as at time of writing,it's at $70,904.00, not like we haven't seen this before but with the fact that there hasn't been any big whale actions recently, figures like this are small victories to be celebrated.
Since we are very close to the halving period, I think we'd be seeing less of $60-69k, but more of progressive numbers so it's just a matter of time and patience.
What I just like to believe in this situation is that there's a possibility that these whales are still accumulating as much bitcoin as they can because they want to do something bigger than just doing their typical bitcoin dumps and such, at least that's what I believe in all of this. What I believe we can do though is to just wait for it, don't overdo the spending on bitcoin and other stuff so you can still buy when bitcoin suddenly dumps and don't overdo the selling of your bitcoins even if they're just a little, you might miss out on the potential amount of profit that you could've gotten if only you've waited a little bit longer. I don't expect bitcoin to suddenly go up or down when the halving starts, maybe in a week or two weeks after the halving we might be able to see something happen. Since we are very close to the halving period, I think we'd be seeing less of $60-69k, but more of progressive numbers so it's just a matter of time and patience.
I'd say getting used to this back and forth in price will help limit the expectations we have for this year's halving. Bitcoin has been in the $63-68k for the better part of last week but we are seeing improvement this week as at time of writing,it's at $70,904.00, not like we haven't seen this before but with the fact that there hasn't been any big whale actions recently, figures like this are small victories to be celebrated.
Since we are very close to the halving period, I think we'd be seeing less of $60-69k, but more of progressive numbers so it's just a matter of time and patience.
Since we are very close to the halving period, I think we'd be seeing less of $60-69k, but more of progressive numbers so it's just a matter of time and patience.
Disappointment here for me personally as we broke the old ATH but then have failed to keep above 71k. It closed the daily bar there but has lapsed below today which means yet again a repeat not a rise.
On the bright side we are not falling we are just repeating a very high range of prices relative to where BTC was 6 months or earlier this year even, we gained alot then are halted in this area like its a red light traffic jam perhaps. Its not slipping back so stay positive in the aspirations is quite fair in a medium term view way.
BTC is just above the weekly average, 68k or above is good. It can still recover upwards just the pace is slow. 65k for 50 day average, if we lose that somehow then do become more negative in expectations.
All prices should be confirmed on 4hr 1 day and weekly bars at least to be confirmed as valid price action, volatility can move the needle briefly either way but its the hold and close of a bar which solidifies prices as valid like cement; time is a main ingredient.
On the bright side we are not falling we are just repeating a very high range of prices relative to where BTC was 6 months or earlier this year even, we gained alot then are halted in this area like its a red light traffic jam perhaps. Its not slipping back so stay positive in the aspirations is quite fair in a medium term view way.
BTC is just above the weekly average, 68k or above is good. It can still recover upwards just the pace is slow. 65k for 50 day average, if we lose that somehow then do become more negative in expectations.
All prices should be confirmed on 4hr 1 day and weekly bars at least to be confirmed as valid price action, volatility can move the needle briefly either way but its the hold and close of a bar which solidifies prices as valid like cement; time is a main ingredient.
The recent flash crash is said to has happened during Asian trading hours and some say it could be due to strengthening of the US dollar. The more expensive the dollar, the more expensive the Bitcoin (which is primarily denominated and traded in the USD), making it too expensive for potential buyers.
Dollar going up also means some investors might want to jump from from BTC to USD as they can have quick gains in much safer investment.
You are right. Investors only look for profit and right now Bitcoin doesn't seem to be cutting it. It was gathered that Bitcoin is suffering a dip as a result of a strong US factory data which set the dollar at 105.00. this gives the dollar a major push over other globally accepted currencies like the British pound, the Japanese yen and others.Dollar going up also means some investors might want to jump from from BTC to USD as they can have quick gains in much safer investment.
Bitcoin price is down but I just feel it's something that should be expected considering how prices are known to blow off the top especially as we getting close to the halving period.
Pretty nasty rejection when we retested the $70,000 psychological number. The flows for yesterday weren't that great, they were about -$100M or so. The issue is mostly GBTC which is selling $300-$500M a day. Until these flows stop, the numbers will be ugly.
We also got a bad weekly close, the week prior but last week the close was above the previous ATH, which is considered bullish. But it was this nasty flash crash which sent us tumbling down very quick to the $65K area. Lets hope that we bottomed and we will chop around until the halving, then we might retest the ATH and go from there.
We also got a bad weekly close, the week prior but last week the close was above the previous ATH, which is considered bullish. But it was this nasty flash crash which sent us tumbling down very quick to the $65K area. Lets hope that we bottomed and we will chop around until the halving, then we might retest the ATH and go from there.
The recent flash crash is said to has happened during Asian trading hours and some say it could be due to strengthening of the US dollar. The more expensive the dollar, the more expensive the Bitcoin (which is primarily denominated and traded in the USD), making it too expensive for potential buyers.
Dollar going up also means some investors might want to jump from from BTC to USD as they can have quick gains in much safer investment.
Dollar going up also means some investors might want to jump from from BTC to USD as they can have quick gains in much safer investment.
Despite breaking the ATH and achieving higher, I thought this might be a breakout it didnt confirm this and its fallen then threatened to develop negatively. So far today we have seen April start with a negative despite multiple attempts to recover the loss we have stayed below the 12hr average.
Right now BTC price action is trying to end the day positively and recover above the old ATH price. I think eventually we resolve back to somewhere like the 50 day average but since that is rising we could find time is the resolution not price movement downwards.
Right now BTC price action is trying to end the day positively and recover above the old ATH price. I think eventually we resolve back to somewhere like the 50 day average but since that is rising we could find time is the resolution not price movement downwards.
It's not much of a surprise to some Bitcoin enthusiasts that it's price hits a new ATH before the halving, something that has not happened before, and the reason is quite obvious, the ETF approval .Before the Bitcoin ETF approval many analysts were predicting massive price surge if it was approved, and when it finally happened, that was what spiked the price and it eventually surpassed the previous ATH before the coming halving that'll happen in a couple of weeks time. I'm still very optimistic that we'll see a new ATH in the peak of bull run that'll reach $200k, something next year.
Bitcoin is currently priced at $69k again and it could even drop a little or increase again, no one’s can assure where it’s actually heading. But one thing is certain, bitcoin price will always surprise us with its new ATH in its perfect time. For now, just manage its usual price fluctuations as we can’t actually stop bitcoin from being volatile.
However, despite of its high volatility, I am still optimistic to see its price consistently surging high just before halving. And since we are almost near for bitcoin halving, the price movement of bitcoin makes us more thrilled and excited. I guess everyone is.
I would guess that smaller movements do not really matter that much to people in the market, sure its a movement and I understand that some small time traders do make money from it but for us it doesn't really mean anything.However, despite of its high volatility, I am still optimistic to see its price consistently surging high just before halving. And since we are almost near for bitcoin halving, the price movement of bitcoin makes us more thrilled and excited. I guess everyone is.
For most people we wait for the bigger movements and usually end up with something much better with time as well. I know that it is going to take some time but we are going to end up with something that could be only profitable or at least cared when there is a 10%+ change for the day. Looking at the price, that would mean either 63k or 77k, and we all know that won't happen these days, but if it does somehow happen then we are going to see the whole market react, and not just the day traders.
As Bitcoin smashes its previous record highs even before the halving, it's a time of excitement for many. But let's not get too carried away. With the market becoming more unpredictable, we need to tread carefully. Some big players, like investment funds and ETFs, seem to be buying up Bitcoin aggressively, possibly to create scarcity and drive prices skyward. While this may seem like a good thing, there's a chance it's all part of a larger game they're playing. We need to keep our eyes open and not be blinded by the euphoria, as the market might have some surprises in store.
Exactly, don't be too greedy dealing with the market right now because it's unpredictable after all and anything can happen.We are now back at $70k mark but that doesn't mean a continuous up trend because we might still see volatility and price manipulation.
Right now, what you can do is to observe and do your own research first before making any action, dealing with Bitcoin right now is very risk because of its expensive price, not unless you're playing long, then considering its price right now, it is still a good one.
However, despite of its high volatility, I am still optimistic to see its price consistently surging high just before halving. And since we are almost near for bitcoin halving, the price movement of bitcoin makes us more thrilled and excited. I guess everyone is.
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