Topic: Bitcoin Closing in on 60k, Again! - page 6. (Read 1090 times)

So impressive on how we could see that the halving alone is hitting up to the height of the last bull-run ATH. With this great surge I feel the Bitcoin bull-run would hit its ATH about three times folds because the halving is just a shadow of how the final round (Bull-run) would be determined.

I like Elon, but I thought that was a stupid decision when he sold. I believe it was around 30K and he sold TSLA bitcoin at that price to help deal with the bad markets at the time.

Someone else told me that Tesla still holds a lot of bitcoin and he didn't sell all of it.

I bet Elon Musk is feeling stupid that he sold all or most of his company's bitcoin at $20K. I thought this guy was supposed to be smart?
Anyone with half a brain knows when prices are low that is the time to buy not sell.  

The genius sells Tesla's bitcoin at a loss then uses the money to buy dumpster fire Twitter
which promptly dumps more than 50% after buying it. Brilliant!

The moral of the story? Don't have lettuce paper hands like Elon Musk.

Good, that means that you're not going to be wavering or selling too early because you've got a goal. I do think so too that it's too early but it's bitcoin, it's always volatile and unpredictable, you will make do the patterns but it's not going to be that accurate to correctly predict the movement. I do feel like bitcoin is going to go much higher but I don't think that it's going to be that way all the way, we'll probably see something much more bad that will happen to the market called a black swan event. Bitcoin going 60k to me doesn't seem to faze me, it's not yet my target selling price so to me, this is just another increase in price to me but good for the people that have been hodling since the bottom, you can enjoy a profit now but I know that you're all still hodling.

Bitcoin already hit $60,000. Brace up boys, we're hitting full speed soon.

For me it can because we still have to come to bitcoin halving. Most of the time when bitcoin halving happens the Bitcoin price increases, as far as I know. But there's also a time when bitcoin halving happens the results decrease in Bitcoin price. No one knows for sure because if they did, they would buy it all the way. Upon typing this post bitcoin hits 60K. Just wow.

it is definitely gonna reach 100k or even more especially right after halving it is yet too early to celebrate but this can serve as a signal as to how it’s going to play out in the next following months better buy those btc already once you see an opening note that no matter how high of a fomo you experience, you should never buy during the peak of its prices or else youre just going to make losses instead of …. profit

Hmm, for the curiosity of OP, my answer is it's just a kick-start.

A long journey is waiting for us ahead, we are not on a perfectly smooth ride, but I'm excited still because we are very close to the previous ATh and I'm hoping that this momentum will hold its consistency and we will touch the ATH sooner than the analyst's expectations. Haha sell the news and similar phrases are getting used in the previous quotes, but hold on for a while fellows whatever it is, I love it.

Dont be impatient  because the next target journey is not gonna be a Straight upward trend, so market will give some short opperutnties you just be ready to grab them.

That's right sir, in my opinion the higher increase in BTC is a sign that the market is getting better and the halving is getting closer, but stay alert because improvements can happen at any time. Yes. Everyone is now very excited to see the BTC price movement and I also want to see if it is possible that next month's ATH can be surpassed as soon as possible. I'm just trying to be rational, it's very possible that BTC will soon reach 85K.

Yeah, usually the reality goes opposite with what people are expecting, similar like buy the rumor sell the news.

We shouldn't forget that in the last year many people are excited to see the acceptance Bitcoin ETFs, the price rise slowly until SEC prank the whole community and the price went down. But when ETFs is officially accepted, there's no movement about the price, it turns people don't care anymore.

Right now people are always say buy Bitcoin now then sell in the next year, so it means....

Based on the current phase of bitcoin rising in price, I think the price of bitcoin can set another ATH or all-time high. If this phase of price increase continues, then without a doubt, the bitcoin price will set another record and will make huge news all over the community and also outside of the crypro currency community. Truly, bitcoin is magnificent when it is doing its movement; can we consider this the bull run already or not? If it's still not the bull run, then what is this? Is this just the start, and we can expect an even higher bitcoin price? If that's then lucky for those who hold their bitcoin assets for this day and also for those who prepare for this bull run. I envy others because they are more likely to have a huge profit from bitcoin, as they also have a huge amount of bitcoin holdings.

This is correct due to the new volume flowing through the ETF makes Bitcoin price less sell pressure. Most of the ETF holders is just new on the Bitcoin market that’s why buying power dominates the seller including those dumb that keeps shorting the despite knowing the existence of spot ETF.

I’m expecting around 80K which is the approximately x2 of the price when Bitcoin ETF was introduced. This is the only logical which ETF holders will finally take profit or anything close to it higher or lower.

I also think that it is still very early for the bullrun to start, but the numbers we are seeing make us doubt it. Has the bitcoin hype really begun? I expected some drop at the end of the month, but it turned out the opposite. I don’t like this premature hype and I think a temporary setback is inevitable.

This cryptomarket has always been unpredictable, and all these gurus are liars. If someone managed to predict the behavior of the market, it was only by pure chance.

Probably, since this excitement is increasing, then it’s time to sell part of bitcoin in order to buy profitably before the main BTC-rally. You should always have a reserve of dollars for unforeseen circumstances (purchases on pullbacks).

I don't think I've seen bitcoin come this close to the all time high before the next halving comes around, and we are still a couple of weeks away. This bullrun would definitely be an interesting one.

With the rise of institutional funds in bitcoin, I've expected the drops to be lesser but also expected that to reflect in how much it rises, but this has not been the case so far, interesting times indeed.

Within the next two years; above $120k.

Many experts have speculated that Bitcoins will cross 100k usd this time. Now seeing the pace of the coin, many will agree on this speculation. If anyone wants to make quick profit from the coins, then definitely he needs to buy the coins at current price and hold till the bull run gets over. Definitely he will be making 2x the profits. Now all the long term investors are ready to make tons of profits. So let’s hope for the best.

Very high i suppose, but if we are going to be speculating on this, then you would have to move this thread to the speculation section of the forum.

It is very normal to see more people interested in BTC when the price is rising, the surprising thing is that despite the fact that many people have seen BTC's price movement in the past and they can almost predict that it would happen again, they won't buy BTC when the price is low. It is almost like fomo buying must always occur, even now that the price is ~$59k, so many people are only going to start buying after the halving, or when BTC has broken its current all time high price.

I'm actually starting to wonder now if Bitcoin is actually going to start hitting new ATHs by the time the halving hits and if its in full bull run mode this year and if it is possible that 2024 is the bull run year instead of 2025. So that the bull run may actually peak by the end of this year and 2025 ends up being the crash year instead of the bull run year. That'd be interesting.

With Bitcoin now just under $10k to go to the ATH of $69,000, it's hard to imagine the price being held below that for a bunch more months. Unless this ends up being a super long bull run that lasts for more than 12 months, it seems very possible that it's over either end of this year or early 2025, unless we get a serious correction soon that stops Bitcoin from passing the ATH and getting into full bull territory for a while. But with hundreds of millions of dollars coming in from TradFi investors into the ETFs its hard to imagine a correction lasting for months right now.


Also I don't think the regular spot retail market has even started heating up that much yet. Like, I don't think hype and FOMO has even started yet. The kind of FOMO we see where you hear media reports of 100k+ people signing up for crypto exchanges daily. So by the time the normal retail market starts FOMOing in that's going to be after Bitcoiners and TradFi ETF investors have already bought up a ton of the supply. I think the average person still is barely even aware that Bitcoin is "back" from the FTX collapse that made people think Bitcoin and Crypto was finally over lol.

I don't want this pump to get into my head, as I am seeing too many people jubilating already, I feel it's too early for this pump, I can only think otherwise if the halving is already over.

Since many past years in crypto space, I never forget how surprising crypto market can be, it's sometimes unpredictable, it's capable of turning all your crypto and chart gurus into bloody liars.

I would say, be prepared for the worst, things are happening too fast, and surprises can unfold at any time, have some usdt just in case and also hold your Bitcoin too, don't just pick a side and stand on it like it will play out just like you dreamt about it.

I'm really surprised with the current price. It was $51k just 2 days ago, and now it went up so high. According to Euronews Business, it's due to MicroStrategy announcement of purchasing 3,000 BTC, but there's also info on crypto funds having nearly $2.5 billion inflow of money in the last week. So I suppose the ETFs are finally making a major positive impact on the price, just as many anticipated prior to ETF approvals by the SEC. That's great news, although I won't expect this bull run to last long, and I wonder what that means for the future, as we're not even past the halving event. To me, it's another indicator that halving doesn't really matter, and other unpredictable events are of more importance.

How is bitcoin finding it more into fear of missing out at this current time, people were rather being optimistic in the way the market is performing to their own advantage, this current situation is what makes the people think that they cannot lose confidence with the recent market performance.


what else should we expect than these already happening, the market fell when the spot bitcoin ETF got approved, now we are on it again whereby the market is fast rising again, we are not to exercise doubt or got too perplexed in this, it's just as the usual way the market has being favorable when it comes to a particular season or close to.