Topic: Bitcoin Closing in on 60k, Again! - page 2. (Read 1090 times)

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.

I agree with you that the situation that is actually being corrected is the opportunity to continue buying. If you have a large budget, you can do it in units and, for those who don't, you can by using the DCA scheme. Looking at the situation which has not yet entered the halving period, there will be an opportunity to continue to increase it because it is estimated that prices will remain stagnant until past the halving period, which will probably only increase a few months later.
Yes... take advantage of the opportunity as long as it can be done before there is no chance to do it.

Bitcoin broke its ATH before the halving and is still likely to go higher before the halving. That means bitcoin no longer needs a catalyst like halving, so there is no guarantee that after halving bitcoin will continue to increase or that the market will increase more crazily. History is changing and we should stop relying on it completely to predict bitcoin's movements.

If we want to invest in bitcoin now, we should look long term, we should look further into the future. Don't just focus on halving because it can completely disappoint us.

Yes, it did fall back to $60k so I guess this thread is going to be relevant although we have seen the price going as high as $73k. But with this kind of volatility, really hard to see where the price is. So if we look at it on the positive side, then it's good to start buying again. Specially for those who have big budget, this is a great opportunity to score some BTC. Nevertheless for small investors like us, still good though, it might not be as big as we wanted to buy, but we can also take advantage of it. And don't be dishearten seeing the price going down again, just another correction. Halving is just around the corner, so no worries for this dip but just another test to all of us and again, just take advantage of it and we will be fine.

Now it has fallen back to $62K and this is a very sharp decline from $73K to $62K, but if you look at the thread that was created, it is no longer appropriate and should be immediately locked by the Mod or creator.
As for the increase before the halving period, I don't really know whether it's really like what you said, but it is indeed different from the existing thread.
It would be better to just lock it so that it can match the original situation at this time.

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.

Different exchanges have different prices for bitcoin, on some exchanges at that time bitcoin was able to surpass 70k for a very short amount of time, while in others it was close but it failed to do this, but as I am writing this, bitcoin moved again and surpassed 71k, this tells me that it seems as if the bull run is appearing way earlier than anticipated as we are now making new ATHs every other day, but what I do not know if such bullish sentiment can last for long or a heavy correction will appear at some point?

Bitcoin is currently at $69,600. It has touched an all-time high and is expected to reach $70,000 soon. I think Bitcoin price will exceed $70k today. Those who invested in Bitcoin from many dips like $15,000 to $17,000 today are in for a lot of profit not only today but for the upcoming bull market as well. I couldn't invest any btc from many dips because I wasn't on the forum at the time, if I had I might have involved myself in the investment. But the investment that I am moving forward with I hope to be very successful. Currently I am in success. Not just analyzing the market but also investing and analyzing the market.

Well I don't understand anymore because I actually got a notification from my exchange which is KUCOIN that BTC actually breached $70k today although I haven't really gone to check the skale but am pretty sure that the I received such notification. Although let's keep that aside and let's talk on the possibility that Bitcoin might not actually come down again because the whole movement of Bitcoin this year seems to be a little bit off.

I think it is still very difficult to maintain the price above $69k, even a sideway or correction seems more likely. Today we have seen the price cross $69k where a new ATH has been hit just below $70k, but a minor correction due to high selling makes it difficult to stay above $69k. If $70k is eventually reached, then I think the price will fly higher which will let us enjoy a new ATH before the halving.

Selling pressure may still increase if whale activity affects traders' interest in the market. It is too easy for FUD to influence the market at times like this so we must remain careful not to make the wrong decision. I think a new ATH might be touched this March, but I'm not sure where we will be.

BTC once again attempting to close above 68k but on the last 4hr bar it quickly retracted with a 67755 close but very quickly its attempting this level again.   I believe the strength shown since its initial sell is all the clue needed we will certainly make a proper new ATH that closes on 4hr bars, daily bars and we hope stays at a new high even on a weekly closing bar.  To that much is new strength and worth noting for hope of much higher prices some have.

I do think we will pullback at some point because that is usually needed to confirm support and let off steam from those who must sell in some cases, such as leveraged traders etc.   However right now the impetus is higher not lower.

Yeah, Bitcoin hit a new high recently, but March might not be all sunshine and rainbows.  Bull runs can't last indefinitely.  We could easily see another dip comparable to when Bitcoin fell to $59k a few days ago.  Remaining realistic means acknowledging the possibility of pullbacks while avoiding panic and  blind optimism helps no one.

The correction has occurred and it is a correction for Bitcoin which suddenly touched the price of $59,000 which previously reached $69,000, almost touching the previous ATH. Currently still on standby at $67,000++. Of course this is a long-awaited bullish market, hold on and continue to believe that higher prices can be achieved before the Halving occurs. breaking through $70k, $80k, $90k and then being above $100k, that's a great target.

And now that we have already experience the all time high, what should we expect more, will the market continue going in this bullish for the month of March or we should go by the way of how the market went bearish as it drop drastically to $53,000 and rise back to where it is now, also, we can recall on the previous years that there was a time when the market make such performance as that of yesterday in deceiving that others may think it's going more dip while it's a means of going more bullish to a another new all time high, this time calls for every investor not to be in fear or panic towards the market because it will end on bullish trend at last since we are already in the bull season.

Well, I expect a huge lot.
But let's not forget how shocking the market can be. Both for batter and otherwise

There was indeed a massive selloff when Bitcoin hit the $69,000 former ATH yesterday. I never knew that there were these popular expectations that it would fall significantly after reaching the ATH but actually did so. I might have not believed it because there is no modality for the market to behave that way, it is not a must. Nonetheless, what I believe is for the corrective sake, Bitcoin moved so significantly and lower with an almost $12,000 drop witnessed within a few hours of yesterday. That was massive and highly unexpected by me. This is why no one should ascertain certainty about Bitcoin or any asset but always manage their portfolio accordingly. As it is now, the correction has been done so well, Bitcoin is breathing the fresh air again and we can expect it at a level above $70,000 before the end of this month.

However, contrary to the advice you gave to the OP, I think it is too risky. The higher the price of an asset, the less favoured the investor could be. That is why it is good to strike the market at a low price and sell at a high price to avoid being in a disadvantaged situation. What matters the most now is a cautious approach with Bitcoin, and you can imagine the advice you gave, if the person is not careful enough, such could be at losses for long months because we do not know what the market would do for sure. For investments, as less risky as it is for HODLing, no one would make that huge return from Bitcoin at this current spot, so a cautious approach is needed even as the person manages the account properly.

Yes it did went above the old ATH with Bitcoin hitting $67k that gives us a signal that it will set a new record in this halving. The prediction of people who actually follow the movement of Bitcoin price is really on the right track and it will get to that $100k or even get past it because to me I feel that the movement to $67k shows that before we end this month it might get to $80k or something close, thats if we continue seeing the positive side of Bitcoin price.

currently, many people are waiting to enter the market because they are worried about a major correction in the price of bitcoin after it reaches ath later. moreover, there are some sentiments that say that the price of bitcoin will correct shortly after the halving, but i think that is just speculation. because i also see that there is a chance that the price of bitcoin will increase further compared to now, even if there is a price correction, it will not have a significant impact, even to the point where the price of bitcoin drops drastically.

The figure of 100K is very possible but my assumption is that it will take time and for this year I am not sure that this figure will be reached quickly even though in fact we saw in the past 2 days the figure from 65K to 67.7K the process is very fast and of course this will also always be a market correction In the near future, this is due to the significant increase in BTC, however, if demand continues to be high, perhaps the price reversal ratio will be small and what is certain is how it works and what the next movement will be, it will be very good to follow developments.

We aren't even in the actual halving yet, so the increase might have come from other reasons like ETF hype, while we are almost on our previous ATH. Just $1k more, and I think it will hit before the halving time on April but I don't believe that we can get a 3-fold this current cycle. That's too much IMO and even others are only fine with 100k price levels per BTC. We couldn't ask for more for now.

Maybe the next fold might happen on the next bull run as per my personal speculation. Halving is not a shadow but it's the trigger or the main event because it can only simulate once every four years. We shall not worry though as we still can feel some increase from other positive events later on.