Bitcoin breaks 2021 ATH and hits $71k! - page 3.

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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!

The important thing is not to panic. Bitcoin is currently on its way to the point where it is awaited and dreamed of by many crypto users, including everyone talking about the ATH/halving for Bitcoin in 2024, which may happen at a time that has been speculated and predicted by many Bitcoin experts.

There are indeed a million speculations out there/on the internet that say the new ATH this time will close at $70, $80, $100 and up to $150, but process after process has happened now as you can see, $71k has occurred, meaning a new ATH has been printed from the comparison of 2021 that has passed, to be honest, personally, the ATH for Bitcoin this time closed at the $75-$80k level, This is based on my personal speculation, of course they have their own opinions, essentially their own beliefs are the most appropriate for Bitcoin ATH 2024.

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

Quote from: yudi09 on March 18, 2024, 02:33:11 PM

-snip-

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.

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Quote from: Ayers on March 15, 2024, 08:51:21 AM

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

Many people will miss great opportunities. The industry is not an easy one. It is possible that we might not see 73k again. Very possible indeed and it is also possible that we can see 100k and even 150k. I just believe in your analogy and that is the great way to follow. Just set a goal, once the goal is accomplished, just go withdraw and go your way.

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.

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Quote from: Dunamisx on March 18, 2024, 01:56:39 PM

We cannot conclude yet on what is going to happen next, but the market current has been pumping and on the same way dumping, but we must never forget that we are still on the bullrun, we may not for more further from these we are into, but the more we are getting closer to halving we may continue in the bullrun and we can maintain all time highs, we must just be careful to continue with holding and never release because we are more likely not to experience more dips than bull from now henceforth.

You know it takes a very strong and determined holder to hold despite prices not being encouraging and just like @Ayers pointed out, it will make people panic and sell which is the thing most big investors are waiting to take advantage of.
So far, Bitcoin has been on a rollercoaster ride and this can discourage the new investor who may have been expecting an upward surge, especially as we are closing on the halving season but nevertheless, I still feel this is going to pass and we'd begin seeing positive changes in Bitcoin price.

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Quote from: yudi09 on March 18, 2024, 02:33:11 PM

Over $73k current high after market rally. The 2021 ATH price has missed and has temporarily reached a new ATH, which is a sign that the widely predicted ATH price prediction will occur which will become new history so that people feel the need to involve themselves with Bitcoin.

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?

There is a close connection between high demand and the cause of rising market prices. It is impossible that there is no reason for the high demand for every price increase.

Of course, there's always that connection to the basic economic law of supply and demand. Investors, whether big or small wanted to get their hands on Bitcoin because we are closing in in the halving. And it only means that Bitcoin's supply is going to be limited, hence it will drive the price up after that activity.

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.

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Over $73k current high after market rally. The 2021 ATH price has missed and has temporarily reached a new ATH, which is a sign that the widely predicted ATH price prediction will occur which will become new history so that people feel the need to involve themselves with Bitcoin.

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?

There is a close connection between high demand and the cause of rising market prices. It is impossible that there is no reason for the high demand for every price increase.

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Quote from: Majestic-milf on March 18, 2024, 08:01:05 AM

Quote from: Ayers on March 15, 2024, 08:51:21 AM

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area Grin

.

You're right. It's easier to be optimistic when things are going well than when they are not amd now that's it's price is shaky , people will panic sell and for me, this occurrence looks like it will be temporary and we'd be seeing interesting figures soon. Maybe it's trying to take a slow pace, so it can correspond with the halving season.

We cannot conclude yet on what is going to happen next, but the market current has been pumping and on the same way dumping, but we must never forget that we are still on the bullrun, we may not for more further from these we are into, but the more we are getting closer to halving we may continue in the bullrun and we can maintain all time highs, we must just be careful to continue with holding and never release because we are more likely not to experience more dips than bull from now henceforth.

Majestic-milf

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Quote from: Ayers on March 15, 2024, 08:51:21 AM

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area Grin

.

You're right. It's easier to be optimistic when things are going well than when they are not amd now that's it's price is shaky , people will panic sell and for me, this occurrence looks like it will be temporary and we'd be seeing interesting figures soon. Maybe it's trying to take a slow pace, so it can correspond with the halving season.

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Quote from: fuguebtc on March 14, 2024, 09:36:19 AM

The supply of bitcoin circulating in the market is decreasing, but not because of the halving event but because ETFs are buying bitcoin in large quantities every day. There are even some reports that they are buying bitcoins in larger amounts than are mined each day. The majority of Bitcoin is in the hands of large funds, so I don't think this is a good sign for bitcoin price growth in the long term.

Bitcoin prices have increased in recent days due to the approval of ETFs and the huge demand for bitcoin from ETFs, not the impact of the halving. At first glance, this looks good for bitcoin as demand for it increases, but funds are trying to buy all the bitcoin which is no longer a good sign. Everyone is excited about bitcoin breaking its ATH but I find it unusual and somewhat worried about.

I would say that ETF "approval" is not really real, I mean there are still discussions going on, but until billions from the investors in those companies start to pour into it, there is really nothing that is accepted just yet. I hope that people could see that, and they could make some money from it, because there will be even higher increases.

We should consider how that could benefit everyone, and how we could make that profit soon. I know it will take some time, but it should be pretty simple. The logic is that billions will go into that ETF business, and that will increase the price of bitcoin, and that will make us profit. This hasn't started yet, the news did, but the actual thing did not, so we should be careful.

Ayers

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Quote from: Majestic-milf on March 15, 2024, 04:35:59 AM

Quote from: Ayers on March 14, 2024, 06:37:14 AM

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

Even those who have set goals have no guarantee that they won't increase them as they see bitcoin grow faster and stronger. Greed is what will kill us, and controlling it is not as easy as we say.

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area Grin

.

Majestic-milf

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Quote from: Ayers on March 14, 2024, 06:37:14 AM

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

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Quote from: Yaunfitda on March 14, 2024, 11:10:46 PM

This is what bull run is all about, and we are about to enter it technically after the block halving. Yes, that is true, this is the first time that we hit new all time high before the halving and it makes me thing that obviously, the bull run will be very much different as well. Obviously, we will see $100k for the first time, and we could only speculate how big it's going to be, $100k-$180k as others have predicted. For sure everyone is now drooling of the potential profits that we will get. However, still, everyone should be patience. Not the time to sell even if he hit $70k. Wait for the six digits this year or next year and then time the market when to sell.

Do you follow the price at all? For starters we are in a clear bull run for some time now, and the $70K was exceeded, reaching $73K, but what is relevant right now is that there has been the typical dip in which many retail investors who have bought at the top are going to be fleeced while the whales take the opportunity to collect profits, as they prepare for the next rally.

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Quote from: ajiz138 on March 14, 2024, 04:19:31 PM

Now it's time for a bullrun, whatever the factor is, it will always be associated with high demand or the pope buying large amounts and even the news is that Saylor will buy more bitcoin.

Bitcoin is now where the season has gone up, namely bullrun, this is a 4-year cycle but the difference is now where ATH is before halving but before that it was NOT so that might be a slight difference, knowing the highest ATH I predict $150K can still be reached in the next few months or in 2025.

This is what bull run is all about, and we are about to enter it technically after the block halving. Yes, that is true, this is the first time that we hit new all time high before the halving and it makes me thing that obviously, the bull run will be very much different as well. Obviously, we will see $100k for the first time, and we could only speculate how big it's going to be, $100k-$180k as others have predicted. For sure everyone is now drooling of the potential profits that we will get. However, still, everyone should be patience. Not the time to sell even if he hit $70k. Wait for the six digits this year or next year and then time the market when to sell.

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Now it's time for a bullrun, whatever the factor is, it will always be associated with high demand or the pope buying large amounts and even the news is that Saylor will buy more bitcoin.

Bitcoin is now where the season has gone up, namely bullrun, this is a 4-year cycle but the difference is now where ATH is before halving but before that it was NOT so that might be a slight difference, knowing the highest ATH I predict $150K can still be reached in the next few months or in 2025.

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

but I hope this trend continues.

Well I'm thinking there could be some break during the halving. Some big accumulators might see it as a time to cash out first set of profit and then wait for weak hands to drop so that they buy back which will cause heavy volatility. This has been the tradition of bitcoin halving except this season will be different and of course, this season has been different really.

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?

I believe ETF is a contributing factor and institutions DCAing, hodling too and that increased demand. The ATH is now in the range of $73+ and that is likely to be sustained until halving. Bitcoin story is now that of trust and not skeptism, so every one who is hodling btc is not cashing out anytime soon. Therefore, we should expect more volatility in future after halving.

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Quote from: pakhitheboss on March 14, 2024, 07:43:05 AM

Quote from: AmoreJaz on March 13, 2024, 07:58:16 PM

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

It is obvious that whenever goes on the upside all altcoins follow the same pattern and the cryptocurrency market goes green. Everyone who has Bitcoin will be happy as Bitcoin before the halving is already in green and breaking its own ATH. The new ATH is now $73777, more than anyone expected. I guess after halving which will happen in a few days this figure will be different. A lot of credit goes to ETFs as they drive Bitcoin's bull run and current pump. I do not see a slow down in the future as the demand for Bitcoin will increase while the supply will decrease. That is why anyone aware of Bitcoin wants to accumulate more in their ways to become financially independent.

The supply of bitcoin circulating in the market is decreasing, but not because of the halving event but because ETFs are buying bitcoin in large quantities every day. There are even some reports that they are buying bitcoins in larger amounts than are mined each day. The majority of Bitcoin is in the hands of large funds, so I don't think this is a good sign for bitcoin price growth in the long term.

Bitcoin prices have increased in recent days due to the approval of ETFs and the huge demand for bitcoin from ETFs, not the impact of the halving. At first glance, this looks good for bitcoin as demand for it increases, but funds are trying to buy all the bitcoin which is no longer a good sign. Everyone is excited about bitcoin breaking its ATH but I find it unusual and somewhat worried about.

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Quote from: AmoreJaz on March 13, 2024, 07:58:16 PM

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

It is obvious that whenever goes on the upside all altcoins follow the same pattern and the cryptocurrency market goes green. Everyone who has Bitcoin will be happy as Bitcoin before the halving is already in green and breaking its own ATH. The new ATH is now $73777, more than anyone expected. I guess after halving which will happen in a few days this figure will be different. A lot of credit goes to ETFs as they drive Bitcoin's bull run and current pump. I do not see a slow down in the future as the demand for Bitcoin will increase while the supply will decrease. That is why anyone aware of Bitcoin wants to accumulate more in their ways to become financially independent.

Ayers

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Quote from: Majestic-milf on March 11, 2024, 07:22:05 AM

Quote from: Ayers on March 11, 2024, 07:08:10 AM

History has been broken and we are creating a new history. Bitcoin breaking its ATH before the halving is something many people don't think about but I believe everyone is very happy. But what I am thinking is that the market will become more and more unpredictable and we should be more careful because it is likely that many people will miss the opportunity to sell their bitcoins during this bull season.

With bitcoin breaking its ATH before the halving, I'm sure many people will raise their selling targets higher and start getting greedier. There is nothing wrong with this, but I hope we will not be too greedy or blind to the developments that market makers want to show us and forget to take profits.

You make a fine point here and it's sadly the truth. Normally we expect such highs to occur when we close in on the month of April but it's still the early part of March and we are experiencing this and as such people will get enticed by this happening and would get greedy, hoping to cash big and end up missing out on the time to take in their profits. Just to ask, is there ever a right time to cash in on your profits because what I set as a bar to check my gain can differ from the next person.

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

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Quote from: Sorryfor on March 13, 2024, 05:01:49 AM

Yes earlier Bitcoin reached its all-time high in 2021 when it was valued at $69,000. Since then, the price of Bitcoin has gone down and in 2022, its value stands at $15,000. However, in March 2024, Bitcoin reached its highest ATH in history. I saw it go up to $73,000 a while ago. But those who invested in Bitcoin a few months ago now have the highest chance to earn good amount of profit from it. However, many believe that Bitcoin will increase further and reach $10,000,000 in the next few days. As a result, if you still hold it, you can earn more profit after a few days. Bitcoin has a lot of momentum right now.

People are getting good vibes these days. For sure, a lot of people want to get a hold of some satoshis because of the current market trend. And I am pretty sure, a lot will say to themselves that if it is too late to jump on this market.
Do remember, the capability to invest on this market depends on your financials.

Quote from: Ayers on March 11, 2024, 07:08:10 AM

History has been broken and we are creating a new history. Bitcoin breaking its ATH before the halving is something many people don't think about but I believe everyone is very happy. But what I am thinking is that the market will become more and more unpredictable and we should be more careful because it is likely that many people will miss the opportunity to sell their bitcoins during this bull season.

With bitcoin breaking its ATH before the halving, I'm sure many people will raise their selling targets higher and start getting greedier. There is nothing wrong with this, but I hope we will not be too greedy or blind to the developments that market makers want to show us and forget to take profits.

Definitely, this btc performance, reaching new ATH gave a lot of good vibes to the community. Aiming more of what we just achieved before or after the halving. As we experienced the over 70k level this time, for sure, many are aiming to sell off at 80k and more. Now, it is interesting how the halving will affect the price level of bitcoin this time around...

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Yes earlier Bitcoin reached its all-time high in 2021 when it was valued at $69,000. Since then, the price of Bitcoin has gone down and in 2022, its value stands at $15,000. However, in March 2024, Bitcoin reached its highest ATH in history. I saw it go up to $73,000 a while ago. But those who invested in Bitcoin a few months ago now have the highest chance to earn good amount of profit from it. However, many believe that Bitcoin will increase further and reach $10,000,000 in the next few days. As a result, if you still hold it, you can earn more profit after a few days. Bitcoin has a lot of momentum right now.

Topic: Bitcoin breaks 2021 ATH and hits $71k! - page 3. (Read 749 times)