Bitcoin Closing in on 60k, Again! | Bitcointalksearch.org

EarnOnVictor

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Quote from: tengui on March 27, 2024, 03:05:22 AM

I have been in the crypto market since 2017 and have gone through 2 bullish phases. I admit that every bullish phase that occurs every few years has different price movements. 2017 the price of bitcoin rose drastically towards the end of the year and in 2021 the price of bitcoin reached ATH twice in a year. and for this year let's watch how and how high the price of bitcoin will go. but I think bitcoin will reach at least $80k.

It's commendable that you've witnessed two initial bullish cycles of Bitcoin, nonetheless, the chart can still be more practical proof of what happened than an actual witness. This is because as human beings, we tend to forget the actual that happened and even if we didn't forget it, things that happen at times may be unable to be explained exactly as it is. This is why I would like to point out to you that the bull run witnessed in 2017, it actually started in 2016 and ended in the year just as we witnessed it in 2020 which ended in 2021. Every year of Bitcoin's bull run, the coin has been hitting its ATH, and now it has hit another ATH even before this year's halving, which is a reason for concern for me.

Regardless, I expect the same bullish impact experienced in the past to happen this year after having, which should end in 2025 if the earlier patterns explained serve us right. But we should all get prepared for the worst this time that Bitcoin now resides at upper levels even before halving happened. Could this mean that a twist of events wants to happen even as Bitcoin is gaining more relevance with institutional investors and also with the ETF approval and implementation?

tengui

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I have been in the crypto market since 2017 and have gone through 2 bullish phases. I admit that every bullish phase that occurs every few years has different price movements. 2017 the price of bitcoin rose drastically towards the end of the year and in 2021 the price of bitcoin reached ATH twice in a year. and for this year let's watch how and how high the price of bitcoin will go. but I think bitcoin will reach at least $80k.

Iranus

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Quote from: Reatim on March 24, 2024, 07:43:37 AM

Quote from: Iranus on March 24, 2024, 03:40:09 AM

Quote from: AirtelBuzz on March 24, 2024, 02:03:47 AM

Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

Aafter the approval of Bitcoin ETF, the price of Bitcoin has increased significantly and touched an all-time high. With just over a month to go before the Bitcoin halving, we have seen the highest Bitcoin price in the Bitcoin market. The market has now corrected from there after the price of Bitcoin hit its all-time high, bringing the price of Bitcoin to $64,000.You said bitcoin price correction doesn't mean it is good for short term trade or investment I think you are wrong. Normally we wait to invest when the market dips then we buy but now the market is correcting so now may be our time.

I also think this correction is not good for traders and short-term investors because bitcoin dropped suddenly, and I bet no one can react in time when bitcoin drops. Don't forget that bitcoin is unpredictable and also since we cannot predict when bitcoin will rise and when bitcoin will correct, holding for the long term is always the best strategy. When bitcoin rose to $73k, everyone expected it to continue at $75k or higher, but it eventually corrected. How many traders predicted this and opened a short position? I dare to confidently tell you that no one dares to do that.

I actually took out my coins before the correction. The key
here is that when you have made profits and it has reached the
price you wanted it to reach just take it out and even though
there were a couple thousands that I missed, I was glad I did not
get stuck when it corrected as that would have been worse.

Battling with FOMO is definitely not for the weak.

Are you a trader or a long-term holder? And if it is true that you took profits when bitcoin reached 73k$ then I am really surprised and respect you because you are the only person so far I know who sold bitcoin when the price was above 70k$ and waited for it to accumulate again. Honestly, at this stage we should focus on long-term investing rather than short-term trading because bitcoin can increase sharply at any time and optimization is not suitable at this stage.

I am also a trader but at this stage I spend no more than 10% of my capital on trading because I know that if I try to optimize the amount of bitcoin by buying low and selling high. There's a good chance I'll miss out on a big bull run if bitcoin suddenly increases in price. And in recent days, I couldn't take profits when bitcoin suddenly corrected. To be frank, I have just failed with my recent trades.

Reatim

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Quote from: Iranus on March 24, 2024, 03:40:09 AM

Quote from: AirtelBuzz on March 24, 2024, 02:03:47 AM

Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

Aafter the approval of Bitcoin ETF, the price of Bitcoin has increased significantly and touched an all-time high. With just over a month to go before the Bitcoin halving, we have seen the highest Bitcoin price in the Bitcoin market. The market has now corrected from there after the price of Bitcoin hit its all-time high, bringing the price of Bitcoin to $64,000.You said bitcoin price correction doesn't mean it is good for short term trade or investment I think you are wrong. Normally we wait to invest when the market dips then we buy but now the market is correcting so now may be our time.

I also think this correction is not good for traders and short-term investors because bitcoin dropped suddenly, and I bet no one can react in time when bitcoin drops. Don't forget that bitcoin is unpredictable and also since we cannot predict when bitcoin will rise and when bitcoin will correct, holding for the long term is always the best strategy. When bitcoin rose to $73k, everyone expected it to continue at $75k or higher, but it eventually corrected. How many traders predicted this and opened a short position? I dare to confidently tell you that no one dares to do that.

I actually took out my coins before the correction. The key
here is that when you have made profits and it has reached the
price you wanted it to reach just take it out and even though
there were a couple thousands that I missed, I was glad I did not
get stuck when it corrected as that would have been worse.

Battling with FOMO is definitely not for the weak.

lepbagong

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Quote from: FinePoine0 on March 24, 2024, 12:22:56 AM

The biggest thing is that the moment before the Bitcoin halving set a record high. Because the price of Bitcoin has gradually risen to the highest level since the Bitcoin ETF support. So now if the halving takes place there is a high probability that the price of Bitcoin will go down. Because when the price of Bitcoin falls, all the investors will start to re-invest their Bitcoins, and this situation must be created because there is a bull market next. This bull run has a high probability of reaching the highest Bitcoin price, which all investors have been waiting for.

Indirectly, you are right that the influence of ETFs influences the movement of Bitcoin and, at the same time, the halving period is also approaching. As everyone estimates, after the halving period, it is estimated that there will initially be a correction and, of course, this is an opportunity for investors to continue Adding to their savings.
But some analysts also say that this period will be a 2x ATH and the second one will not happen next year But is that true?
Of course, we need to pay attention so that we don't expect it to increase very much, but don't achieve it and the opportunity is lost because you waited at the wrong time.

Iranus

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Quote from: AirtelBuzz on March 24, 2024, 02:03:47 AM

Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

Aafter the approval of Bitcoin ETF, the price of Bitcoin has increased significantly and touched an all-time high. With just over a month to go before the Bitcoin halving, we have seen the highest Bitcoin price in the Bitcoin market. The market has now corrected from there after the price of Bitcoin hit its all-time high, bringing the price of Bitcoin to $64,000.You said bitcoin price correction doesn't mean it is good for short term trade or investment I think you are wrong. Normally we wait to invest when the market dips then we buy but now the market is correcting so now may be our time.

I also think this correction is not good for traders and short-term investors because bitcoin dropped suddenly, and I bet no one can react in time when bitcoin drops. Don't forget that bitcoin is unpredictable and also since we cannot predict when bitcoin will rise and when bitcoin will correct, holding for the long term is always the best strategy. When bitcoin rose to $73k, everyone expected it to continue at $75k or higher, but it eventually corrected. How many traders predicted this and opened a short position? I dare to confidently tell you that no one dares to do that.

AnonBitCoiner

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Quote from: kamvreto on March 23, 2024, 05:39:19 PM

should take advantage of this dip to buy back before the price rises again. Seeing the potential of this correction, traders will certainly make a profit. However, many people miss it on the grounds that this is a decline that has not yet ended, they feel unsatisfied with the decline that has occurred. buying in stages would be highly recommended this time.

We should think about taking advantage so dip should not be a cause to change our decision and we sell at panic. So many times there occurs a deep dip but after sometimes it recover back therefore take this dip as a chance to buy instead of selling due to fear of loss.

64k$ is a favorable price for buying and accumulating according to your desires so don't be too emotional while price goes down but take advantage of each and every moment. Its up to you that whether you are taking in a positive way or negative otherwise market itself cannot give you profit if your decision is wrong.

AirtelBuzz

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Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

Aafter the approval of Bitcoin ETF, the price of Bitcoin has increased significantly and touched an all-time high. With just over a month to go before the Bitcoin halving, we have seen the highest Bitcoin price in the Bitcoin market. The market has now corrected from there after the price of Bitcoin hit its all-time high, bringing the price of Bitcoin to $64,000.You said bitcoin price correction doesn't mean it is good for short term trade or investment I think you are wrong. Normally we wait to invest when the market dips then we buy but now the market is correcting so now may be our time.

FinePoine0

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Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

The biggest thing is that the moment before the Bitcoin halving set a record high. Because the price of Bitcoin has gradually risen to the highest level since the Bitcoin ETF support. So now if the halving takes place there is a high probability that the price of Bitcoin will go down. Because when the price of Bitcoin falls, all the investors will start to re-invest their Bitcoins, and this situation must be created because there is a bull market next. This bull run has a high probability of reaching the highest Bitcoin price, which all investors have been waiting for.

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Quote from: Myleschetty on March 23, 2024, 05:02:00 PM

Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

should take advantage of this dip to buy back before the price rises again. Seeing the potential of this correction, traders will certainly make a profit. However, many people miss it on the grounds that this is a decline that has not yet ended, they feel unsatisfied with the decline that has occurred. buying in stages would be highly recommended this time.

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Quote from: Falconer on March 23, 2024, 01:50:22 PM

Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market.

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Quote from: erep on March 23, 2024, 01:42:35 PM

Quote from: lepbagong on March 23, 2024, 12:43:18 PM

-snip-

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.

erep

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Quote from: lepbagong on March 23, 2024, 12:43:18 PM

To be able to strengthen Bitcoin, usually Bitcoin will undergo a correction so that there is an urge to increase even higher, but perhaps not before the halving period, and you have to be patient to wait after the halving period has passed, and maybe not at first. I agree that in a situation like this, it is the right time to continue buying because the situation will stagnate in the current price range for a long time. Based on the analysis I have read, this movement will be the same as in 2013, where there will be two ATHs. Whether this is true or not, always be ready for the last ATH that Bitcoin will make, whether at $100K or $125K, don't be fooled like 2021 hopes for $100 K didn't know that was only able t move up $69K, so they had to wait a long time again .CMIIW

We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.

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Quote from: Iranus on March 23, 2024, 03:12:40 AM

Quote from: Dave1 on March 22, 2024, 04:49:51 PM

But after that $73k big run, now the price goes down hard again, $62k as of this time and hopefully there will be no more downward pattern for us. Maybe some of us are used to see the price going up and so we can only wish that the bleeding will stop at least at $60k levels.

You cannot expect bitcoin to rise to $100k without any correction. In my opinion, bitcoin touching $73k and then correcting to $62k is necessary and completely reasonable, it is not a sign for us to panic and dump the price. Why don't you take this opportunity to accumulate more bitcoin before bitcoin continues its journey to conquer $100k, why be afraid if bitcoin drops to $60k or below $60k? If bitcoin suddenly rose to $100K without any correction, that would be scary, IMO.

To be able to strengthen Bitcoin, usually Bitcoin will undergo a correction so that there is an urge to increase even higher, but perhaps not before the halving period, and you have to be patient to wait after the halving period has passed, and maybe not at first. I agree that in a situation like this, it is the right time to continue buying because the situation will stagnate in the current price range for a long time. Based on the analysis I have read, this movement will be the same as in 2013, where there will be two ATHs. Whether this is true or not, always be ready for the last ATH that Bitcoin will make, whether at $100K or $125K, don't be fooled like 2021 hopes for $100 K didn't know that was only able t move up $69K, so they had to wait a long time again .CMIIW

Iranus

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Quote from: Dave1 on March 22, 2024, 04:49:51 PM

But after that $73k big run, now the price goes down hard again, $62k as of this time and hopefully there will be no more downward pattern for us. Maybe some of us are used to see the price going up and so we can only wish that the bleeding will stop at least at $60k levels.

You cannot expect bitcoin to rise to $100k without any correction. In my opinion, bitcoin touching $73k and then correcting to $62k is necessary and completely reasonable, it is not a sign for us to panic and dump the price. Why don't you take this opportunity to accumulate more bitcoin before bitcoin continues its journey to conquer $100k, why be afraid if bitcoin drops to $60k or below $60k? If bitcoin suddenly rose to $100K without any correction, that would be scary, IMO.

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Quote from: danadc on March 22, 2024, 10:14:44 PM

What I want to happen is that it can go up even more because bitcoin has everything to be able to give the best surprises, I am sure that $73k is what we can see only as a small sample of what could have happened, so every time For us to see a new ATH is good , but we know that it will go up much more.

There is a development and BTC is starting to rebound a bit but it looks like BTC will drop back to the $57,800 mark and maybe the price race will start next Tuesday again, this I think is normal and seeing this condition is not much different from the week before BTC rose to 73K.

This condition is also an opportunity to find cheap prices in Altcoins for those who like where BTC is temporarily stagnant. But, you should try not to change investment patterns by temporarily switching to others even though some other people or even investors also take advantage of the moment and we also do not let there be no preparation at all before or after the halving later, which historically from the previous 3 halving years has always recorded an increase in price and for 2024 hopefully the price of Bitcoin will be better and rise again.

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Quote from: Out of mind on March 22, 2024, 08:43:19 PM

Quote from: Joseph-P on February 28, 2024, 04:18:01 AM

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

How high do you think it can go?

It is really interesting how the price of Bitcoin has dipped, and its value has risen to extreme highs. We have seen the new ATH made as the Bitcoin market touched $73,000 and it set a new record high. However, if we follow the current cycle of the Bitcoin market, we definitely think that the market is moving forward in the form it took in 2017. If you can look at the market routines now, you will definitely understand that it is trying to go higher in the coming days. As the half waits ahead, the Bitcoin market is showing a steady upward trend. And I think Bitcoin will be more excited before the halving, and it will grow tremendously again to set a new record before the halving.

What I want to happen is that it can go up even more because bitcoin has everything to be able to give the best surprises, I am sure that $73k is what we can see only as a small sample of what could have happened, so every time For us to see a new ATH is good , but we know that it will go up much more.

When I saw the market at that price , and that everything was being bought , I said to myself , why do people buy bitcoin when it's not expensive? Why don't people buy sooner? If everything is ready for us to follow up at that time, and this is heading towards a new path , for me the ATH will be very large, it will not stop, it will be something that is Outside of what many have predicted, I am not exaggerating in To think that it will go far beyond $100k, which is the price everyone wants to get.

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Quote from: Joseph-P on February 28, 2024, 04:18:01 AM

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

How high do you think it can go?

It is really interesting how the price of Bitcoin has dipped, and its value has risen to extreme highs. We have seen the new ATH made as the Bitcoin market touched $73,000 and it set a new record high. However, if we follow the current cycle of the Bitcoin market, we definitely think that the market is moving forward in the form it took in 2017. If you can look at the market routines now, you will definitely understand that it is trying to go higher in the coming days. As the half waits ahead, the Bitcoin market is showing a steady upward trend. And I think Bitcoin will be more excited before the halving, and it will grow tremendously again to set a new record before the halving.

gunhell16

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Quote from: Joseph-P on February 28, 2024, 04:18:01 AM

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

How high do you think it can go?

I think and believe that it will not reach 60k; maybe the bottom line that will be enough correction is only 60k plus something from my assessment and observations. So he's still bullish for me; this is the narrative I'm still seeing right now.

What some are saying is right. I also think that the short break shown by the correction will end in about a week, more than given to those who do dca in bitcoin and other cryptocurrencies that also have potential in the market.

Dave1

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Quote from: Republikcoin.com on March 22, 2024, 12:37:10 PM

Quote from: peter0425 on March 11, 2024, 07:07:18 AM

Well as the recorded early today its 72k is the highest price meaning this thread should be locked as it is already served its purpose mate because 60k has long passed.
and no this is never the same as 2017 because this Before halving? the price of bitcoin broke the ATH and this is the very first time that we have seen this scenario so there will never be like this year mate.

The new history that was formed this year has been completely different in Bitcoin because most people never thought that Bitcoin could break through its new ATH before the halving occurred. However, this has actually happened this year with prices exceeding $70K, so this has become quite spectacular in Bitcoin because every day there are so many people talking about Bitcoin due to this new ATH. I am truly amazed at what has happened to Bitcoin this year because this has never occurred to me before.

Well by now progress and achievement are ongoing in bitcoin market, there will always be the first and now we all witnessed it, when it had a new ath before the bull run. So that's amazing and it will be in the history books and could it be set a precedence in the future?

But after that $73k big run, now the price goes down hard again, $62k as of this time and hopefully there will be no more downward pattern for us. Maybe some of us are used to see the price going up and so we can only wish that the bleeding will stop at least at $60k levels.

Topic: Bitcoin Closing in on 60k, Again! (Read 1090 times)