I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.
Topic: Bitcoin breaks 2021 ATH and hits $71k! - page 4. (Read 749 times)
I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.
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/
And we are still going to go up no matter what, I mean this is pre-halving so there are a lot of leg room for us to go South and see prices breaking $80k->$100k or higher. So I will say that just don't sell yet, it's normal to get excited specially if this is going to be our first halving.
Nevertheless, the real fun begins once we see the halving, prices might go parabolic as there will be a lot of demands. Bitcoin getting limited and then everyone wanted to get their hands on it will push the price to 6 digits and we don't know what will be the top price in this bull cycle that might run up to next year.
Numbers are not in for todays trading session but yesterday was another bullish day. Something like $500M added. There was also the weekend tether print of $2B, about a quarter billion of USDC print, the $800M MSTR buy and you got bitcoin all over the news pretty much.
I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.
I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.
What I am seeing is that this price increase is the impact of bitcoin ETFs and large funds like blackrock that are absorbing tons of bitcoin every day. I have a feeling that giant investment funds are intentionally creating bitcoin scarcity by buying bitcoin out of spite. I really don't know if this rapid price increase is a good thing or if something bad is about to happen. Have you ever thought about the scenario where Blackrock and ETFs are buying bitcoin and trying to push the price of bitcoin as high as possible, then they will sell massively to make a profit?
I don't think this is the result of supply and demand but of widespread price manipulation by large investment funds.
Its quite natural for these big investors to want to manipulate the market so they can grossly gain from it but know that not only is BlackRock buying lots of bitcoin to gain a lot, but they are doing this to be able amply fund their Ishares Bitcoin Trust, this being the investment firm's spot ETF.
Is it the bull run that caused it's price to shoot up or is there a big whale buying?
There is a big associates between the demands and the supplies which generated the momentum of this appreciative price right since this halving til date the market surged this amazing height of $71K. We are yet to reach the moon after the bull run to hit the ATH.
What I am seeing is that this price increase is the impact of bitcoin ETFs and large funds like blackrock that are absorbing tons of bitcoin every day. I have a feeling that giant investment funds are intentionally creating bitcoin scarcity by buying bitcoin out of spite. I really don't know if this rapid price increase is a good thing or if something bad is about to happen. Have you ever thought about the scenario where Blackrock and ETFs are buying bitcoin and trying to push the price of bitcoin as high as possible, then they will sell massively to make a profit?
I don't think this is the result of supply and demand but of widespread price manipulation by large investment funds.
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/
This is all about the ETF spot effect and not predominantly of any big whale actions though, and we are just getting started because with what the price is doing right now am beginning to agree that a $120k price is possible to hit before December 2024. https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
For a new $71k+ ATH price to be met before the emergence of the halving circle it all supposed that holders should get ready to receive a significant profit in this bullrun like never before, investors will be taking profits in big bags.
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.
The market pumping in this period is being so enticing and overwhelming. Imagine how the halving season has hike over the past ATH. That is just to say something huger beyond predictions is coming with the bull season.Is it the bull run that caused it's price to shoot up or is there a big whale buying?
There is a big associates between the demands and the supplies which generated the momentum of this appreciative price right since this halving til date the market surged this amazing height of $71K. We are yet to reach the moon after the bull run to hit the ATH.
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. 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.
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.
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.
It's likely to continue as we don't have the halving yet.
We might see $72k anytime now as it's just $200 away.
Is it the bull run that caused it's price to shoot up or is there a big whale buying?
Seems like both. The demand increases and there have been bulks of purchase of Bitcoin and there's a record now that BlackRock has more Bitcoins now than Microstrategy so, there's something to do with that and don't ignore the power of the retailers. We might see $72k anytime now as it's just $200 away.
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/
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