Bitcoin breaks 2021 ATH and hits $71k! - page 2.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: goaldigger on March 31, 2024, 11:04:07 PM

Quote from: Claymore2 on March 31, 2024, 09:42:29 AM

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.

Bitcoin has suddenly increased in people's doubts, and if people continue to be skeptical and scared when they see bitcoin rising so fast then bitcoin will continue to do so. I think the most difficult days are over, we will no longer see bitcoin plummet to $40k or $30k like in 2022. So I think there is nothing to fear at this point and we need to be a little greedy to be able to achieve greater profits.

The market has never been easier to predict, not just now, but if we can endure the bear season then why be afraid during the bull season if there is a bitcoin correction, it will also recover very quickly?

goaldigger

sr. member

Activity: 2310

Merit: 355

Quote from: Claymore2 on March 31, 2024, 09:42:29 AM

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.

kawetsriyanto

legendary

Activity: 2198

Merit: 1086

Free Bitcoins Every Hour!

Quote from: 2Pizza410000BTC on March 31, 2024, 01:05:15 AM

What I think is that this bull season is created because of the increased trading in the market, there are probably big whales, small he and small investors. Sometimes the market is dumped by someone selling a lot of bitcoins and sometimes the market is pumped by someone or an organization buying bitcoins, so whatever the big whales and small whales say is because of their transactions. A bull season is created in the market. But we can see more bull season than what we are seeing now after Bitcoin halving. So keep your investment and never worry about your investment.

It is about the cycle. You must understand 4 years cycle of bearish-bullish.
Sure, the increase of trading volume in the market is caused by all the investors, both small and big investors. Whales are part of big investors, no doubt they have the power to manipulate market. However, they can't manipulate market for the whole season. If we have bullrun season now, it is not caused by the whales only but it is related to the supply-demand factor.

The hype and Bitcoin halving are also 2 factors that trigger the green market during the bullrun season. As long as we have these factors, we shouldn't be worried about the prices of crypto coins during the bullrun season, specifically for Bitcoin price. However, we must be careful because we don't know when the peak is. We also don't know when the exact time for the bullrun season ends.

Kemarit

legendary

Activity: 3066

Merit: 1352

Quote from: Claymore2 on March 31, 2024, 09:42:29 AM

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.

What do you think will be the larger game that they are playing? I mean the rules have changed since 2017, and that's where the time that we have seen that and so we obviously have adjusted already, we've seen what institutional money can do to that market.

But this is different, we have reach new all time high prior the halving and I think everyone is prepared already. If you are thinking of a dump, the price went to $62,000 and for me this is the lowest price already pre-halving, in my opinion. So the best thing to do is just keep on accumulating and look for the long term prospect of the market which is the bull run till next year.

Claymore2

jr. member

Activity: 78

Merit: 1

Chainjoes.com

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.

2Pizza410000BTC

full member

Activity: 364

Merit: 195

Quote from: Majestic-milf on March 11, 2024, 06:15:15 AM

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/

What I think is that this bull season is created because of the increased trading in the market, there are probably big whales, small he and small investors. Sometimes the market is dumped by someone selling a lot of bitcoins and sometimes the market is pumped by someone or an organization buying bitcoins, so whatever the big whales and small whales say is because of their transactions. A bull season is created in the market. But we can see more bull season than what we are seeing now after Bitcoin halving. So keep your investment and never worry about your investment.

dezoel

legendary

Activity: 2002

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

Quote from: Kemarit on March 19, 2024, 07:24:00 PM

First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ has been slashed after reaching $73,000.

However, the most important catalyst for a bull run in 2024-25 is not yet happening, - the halving.

So there is this speculation that we will have a big rally, culminating on reaching 6 digits, again it will be a first so this is huge for us and it just shows that Bitcoin as this time is too big to fall.

After pandemic, the usual cycle of bitcoin market got disturbed which maybe the reason we are going to have this halving with a new ATH. And how can this be bad when the main reason why we are here is to profit. Maybe you will say that there will be a major dip that can happen later on, well that was not new either and it was called a correction if not bear market. I don't think those who FOMO don't mind it. They do but they only believe that more increase are going to be recorded.

If there is truly one who don't mind it, then they can be those people who do a DCA. BTC is too big but it already fall although it won't fail just like that. It already run a long time and during those times, the support of people have also became stronger and won't easily disappear.

Majestic-milf

hero member

Activity: 784

Merit: 589

I guess we won't have to be upset over Bitcoin price dilly dallying in the $60k area and not entering new highs before we get to April because since yesterday, it's price has been going up and entered the $70k region once again and as at time of writing, price is $70, 372.91 and I won't attribute it's rise to just investors picking up interest alone but I feel it's cause the halving is getting close. We will be seeing more price increase in this coming days and I believe we will get past the $74k mark as well.
It's normal for people to become negative when it's price is unimpressive and speculations and predictions will come up but that's just Bitcoin being volatile. The same way it drops so low that investors begin to panic is the same way it can quickly rise up and I'm all for it going higher in this remaining days.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: adaseb on March 23, 2024, 12:47:44 AM

Yes the flows are starting to get stale. Blackrock had days where it added almost $1B and lately the flows are low. So low that each day this week we had negative outflows.

Hate to say it but $74K might of been the top this cycle. Unless we chop around until the halving and start to break the new ATH sometime this Summer.

The last weeks candle close was awful. And that’s why the sell off started.

that would be rough. miners will get crucified if we slowly sang back to 55k in time for the ½ ing.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Quote from: Asiska02 on March 23, 2024, 01:27:31 PM

Quote from: Majestic-milf on March 11, 2024, 06:15:15 AM

-snip-

Oops, it had to stop the bull trend and go for a retracement. We are now trading below the $64K price for some days now. I don’t know but it was unusual for bitcoin to reach a new all-time high before the halving took place because it has never happened like that in the past. I think big whales were moving it and also the bitcoin ETF approval could have had effect on it. But despite the whales manipulation on the market, they couldn’t take it further up high and it had to result back back to its normal consensual behavior. Now the market is on a correction, we might be trading below the $69K level till the halving before we witness the real bull run as it used to be.

There are many reasons why the price fell after hitting $73K - one that is being discussed is because of The FED's interest rate adjustment. I wasn't aware of that - but that issue is one of the reasons why prices are down. While the market is interconnected between the stock market and also the crypto market - so the impact is likely to be the same.

Right now I'm inclined to say that the market is sideways while trying to test new resistance. The $60 support is strong enough and even $63K seems reliable - but downside risks remain to be considered. No problem - maybe the market is providing an opportunity for anyone to accumulate before flying high after the halving.

Asiska02

hero member

Activity: 798

Merit: 669

Quote from: Majestic-milf on March 11, 2024, 06:15:15 AM

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/

Oops, it had to stop the bull trend and go for a retracement. We are now trading below the $64K price for some days now. I don’t know but it was unusual for bitcoin to reach a new all-time high before the halving took place because it has never happened like that in the past. I think big whales were moving it and also the bitcoin ETF approval could have had effect on it. But despite the whales manipulation on the market, they couldn’t take it further up high and it had to result back back to its normal consensual behavior. Now the market is on a correction, we might be trading below the $69K level till the halving before we witness the real bull run as it used to be.

aylabadia05

hero member

Activity: 1470

Merit: 755

Quote from: Majestic-milf on March 11, 2024, 06:15:15 AM

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.

I was also surprised when the price rose past $69k and when that price happened, I think most people were also surprised because the spike occurred before the halving or was different from the speculation made.
As the few days of increases approached, I assumed that this was the start of a bull market, but I thought that the high would reach $80k, but it didn't. The market fell again after touching $73k.
The price decline again like now could be the best moment to welcome the halving and I predict the next price spike will break past $100k.

Quote from: Majestic-milf on March 11, 2024, 06:15:15 AM

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

Here I judge more according to the law of rising and falling market prices. High buying demand causes prices to rise.

Majestic-milf

hero member

Activity: 784

Merit: 589

When prices act up like this, it becomes sensible when they say Bitcoin is a highly volatile coin and I'm quite impressed it didn't get past the $60k range, hovering around that amount and giving the average investor hope that it could rise back to the $70k+ range we saw it last. Like someone said, probably we are experiencing this rise and fall so we can at least get used to it trailing around the $62-64k range . Maybe even the big whales are resting their sails and hoping for it to dip further so they can take advantage.We won't be seeing this dismal numbers for long since we'd soon be entering the halving season, it's just to exercise a little bit of patience.

boty

full member

Activity: 1148

Merit: 208

★Bitvest.io★ Play Plinko or Invest!

Quote from: yudi09 on March 19, 2024, 01:35:06 PM

Quote from: Dave1 on March 18, 2024, 07:04:51 PM

And speaking of the price, as hitting $73k pre-halving, we might have to settle to $67k, but there are plenty of days before the end of the month. So we can't say if we will not yet again established a new all time high at $73 and above. Let's wait for the bulls again.

$67k while the decline is underway and the price of $67k is not a price that will last because $60k still has the potential to be reached and we must be ready to accept it.
Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.

Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.

Yes, of course times like this will be a test for those who are new to Bitcoin because there has been a price correction in recent days and if they are strong in facing this situation of course they will choose to keep holding to wait for another increase, but for some people Those who have experience in this field certainly see that the current market situation is very profitable for those who have funds that we don't use for other purposes to be able to collect them so we can make a profit when the market returns to bullish.

adaseb

legendary

Activity: 3738

Merit: 1708

Yes the flows are starting to get stale. Blackrock had days where it added almost $1B and lately the flows are low. So low that each day this week we had negative outflows.

Hate to say it but $74K might of been the top this cycle. Unless we chop around until the halving and start to break the new ATH sometime this Summer.

The last weeks candle close was awful. And that’s why the sell off started.

puloweh555

sr. member

Activity: 448

Merit: 294

Quote from: yudi09 on March 19, 2024, 01:35:06 PM

$67k while the decline is underway and the price of $67k is not a price that will last because $60k still has the potential to be reached and we must be ready to accept it.
Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.

Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.

In fact, currently Bitcoin has decreased to a price of $63k, of course for us this is a positive decline before the Bitcoin halving occurs. Bitcoin after passing the old ATH and forming a new ATH before the halving occurred. Of course, this will have a positive impact on the market if we see the remaining positive, which means we still have time to buy at a cheaper price before Bitcoin experiences another rise after the halving. I have the good faith that this cyclical pattern will happen again, although not the same, but Bitcoin will pass the highest price of the year.

I have studied bitcoin from many people and I have come to the conclusion that the truth of bitcoin will go through 3 phases, first it is laughed at, second it is opposed by many people, and third it is accepted as proof that it is the best as a truth, that is Bitcoin. Make this bitcoin halving moment a truth that will create financial freedom in the future.

BABY SHOES

sr. member

Activity: 294

Merit: 433

HODL - BTC

Quote from: Kemarit on March 19, 2024, 07:24:00 PM

Quote from: BABY SHOES on March 19, 2024, 03:42:16 PM

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ has been slashed after reaching $73,000.

However, the most important catalyst for a bull run in 2024-25 is not yet happening, - the halving.

So there is this speculation that we will have a big rally, culminating on reaching 6 digits, again it will be a first so this is huge for us and it just shows that Bitcoin as this time is too big to fall.

This is not a bad sign but a new milestone in bitcoin history as ATH was before the halving.
Of course behind all of that there are factors including the bitcoin Spot ETF this is a pretty big reference where we can conclude the bitcoin movement is heading there more precisely institutions are getting involved in buying bitcoin Spot ETFs.

Fomo - bad news - the negative will always be there but how can we overcome it.

The big rally has not yet started, this is the initial journey that we have to take now bitcoin may experience a slight correction that is natural and many people have predicted that before the halving will go down, but after that we must be optimistic that it is likely that at the end of 2024 a big rally will begin.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: BABY SHOES on March 19, 2024, 03:42:16 PM

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

Nothing is sure anymore. While the halving will surely have some positive impact on the price, its effect will be more psychological rather than purely resulting from block reward reduction.
We've already departed from the expected, cyclical action, and we might as well not see any new ATH for a long time, or see the positive effects of spot ETFs and halving overlapping, creating super-pump.
I'm wondering who is the typical buyer of all those spot ETFs. Is it institutional investors or mostly retail, and are they even aware of Bitcoin's 4 year cycles and they're patiently waiting till after the halving, or are they already sitting with their fingers on the trigger?

Kemarit

legendary

Activity: 3066

Merit: 1352

Quote from: BABY SHOES on March 19, 2024, 03:42:16 PM

Quote from: KingsDen on March 19, 2024, 01:15:35 PM

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ has been slashed after reaching $73,000.

However, the most important catalyst for a bull run in 2024-25 is not yet happening, - the halving.

So there is this speculation that we will have a big rally, culminating on reaching 6 digits, again it will be a first so this is huge for us and it just shows that Bitcoin as this time is too big to fall.

BABY SHOES

sr. member

Activity: 294

Merit: 433

HODL - BTC

Quote from: KingsDen on March 19, 2024, 01:15:35 PM

Those who started DCAing from the region of 20 and 30k and are consistent about it till now should be in good profits and taking profits at a new ATH would have been a great deal.

That gain is more than 150% if they started from the $20K area imagine if that accumulation continues even though the ATH record has been broken isn't it still very possible to get to $150K?

Honestly who wouldn't be tempted by a 150% profit they might withdraw some of it and wait for some more, but if they can survive the whole thing it is still possible because the $100K opinion that many predicted is still very possible.

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

Topic: Bitcoin breaks 2021 ATH and hits $71k! - page 2. (Read 749 times)