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.
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?
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.
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.
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.
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.
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 $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues. Is it the bull run that caused it's price to shoot up or is there a big whale buying?
https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
What I think is that this bull season is created because of the increased trading in the market, there are probably big whales, small he and small investors. Sometimes the market is dumped by someone selling a lot of bitcoins and sometimes the market is pumped by someone or an organization buying bitcoins, so whatever the big whales and small whales say is because of their transactions. A bull season is created in the market. But we can see more bull season than what we are seeing now after Bitcoin halving. So keep your investment and never worry about your investment. https://coinmarketcap.com/community/articles/65eed16bd332502ef6d4a31b/
First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ 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.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.
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.
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.
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.
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.
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.
-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.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.
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/
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.
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.
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.
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.
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 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.
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.
$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 $63k, of course for us this is a positive decline before the Bitcoin halving occurs. Bitcoin after passing the old ATH and forming a new ATH before the halving occurred. Of course, this will have a positive impact on the market if we see the remaining positive, which means we still have time to buy at a cheaper price before Bitcoin experiences another rise after the halving. I have the good faith that this cyclical pattern will happen again, although not the same, but Bitcoin will pass the highest price of the year.Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.
Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.
I have studied bitcoin from many people and I have come to the conclusion that the truth of bitcoin will go through 3 phases, first it is laughed at, second it is opposed by many people, and third it is accepted as proof that it is the best as a truth, that is Bitcoin. Make this bitcoin halving moment a truth that will create financial freedom in the future.
What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.
First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ 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.
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.
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?
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.
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.
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.
-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.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.
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.
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.
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.
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.
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.
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.
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. 
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
.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.
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
.
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.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.
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.
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.
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
. 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.
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.
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. 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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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