Topic: Bitcoin has reached $75,000+ (Read 795 times)

87k seems to be the level to maintain now to keep the same pace of gains without pulling back especially, the weekly average is there and also its a good measure of the lowest prices over the last week or so roughly.   If we keep that area I expect further upwards progression and we are ending the weekly bar today so it would seem to cement this area as quite valid not a spike.

If we dont keep 87k or fall below then find it as a ceiling then a trade downwards some would also be fair, considering we rose so much a fall to support below is normal to occur even within a bullish period of gains.   The 50 week and 50 day average and of course most often watched the 200 day average is all below us but rising, if we really had to sell off on some market reason or news then those areas would be where I expect BTC to confirm as support.
   It does seem increasingly likely we are just to trade upwards in varying rates of positive gain, I did wonder if we need to check 69k and yearly average is 60k but for now there is no clue that would be probable.

With the recent high in price it seems the market movement has dropped the speed of getting to a new ATH at this moment but let's see if it will eventually surpass $93k to a new figure. At this point investors are expecting something bigger than what we're seeing, $100k can be achieved this year but the question is when? Before the end of this month or next month? Since we started seeing new ATH we can't say the market price hasn't been productive, we should also appreciate it even when Bitcoin price is slowing down and not getting pass $93k, let's see how this week goes.

Currently the crypto market still looks quite good and also quite stable with the ongoing price increase so that the possibility for Bitcoin to approach the $100K price level is very possible at the end of this year because Bitcoin was at the $93K level this month which indicates that Bitcoin only needs to increase a few percent more to be close enough to the $100K level before entering next year. In addition, there is also the effect of the increase in the price of Bitcoin lately where there are many altcoins that have also increased in the market so that the market atmosphere is green and that is very good for everyone this November.

I saw a meme the other day, and I found very telling:



It's not the Bitcoin going up, it's the dollar going down.
When you think "how high the Bitcoin can go, in reality you are interested in how much the dollar can go down.

Bitcoin will definitely break through to its highest figure. In recent days the price of bitcoin is still moving up past $90 thousand. It seems that at the end of this year we will also have new surprises in the crypto space. prices continue to rise to $100 thousand or even more.
The market is also in a state of recovery from the dump and several new coins have emerged with the Solana network. This will provide a new atmosphere for the Halving this year. Apart from that, the global market has started to include large investors so it continues to have an impact on Bitcoin's rise .

Congratulations for your win, if the prize is in the form of Bitcoin then you will have the opportunity to get additional profit because the current price of Bitcoin has not reached the top that predicted by many people and next year is very likely to be the most awaited time, but also having Bitcoin becomes more profitable because winning bets and believing in the high price of Bitcoin is not enough because without having Bitcoin we are just spectators when Bitcoin reaches peak seasons.

For now Bitcoin price has not shown any sign of stoping at any point and it seems we're going to be seeing a new and different ATH in this very month. I don't think $93k will be the last and before this month comes to an end we might be seeing a new ATH, who knows $100k but let's wait and see because at this moment the market price has slowed down a little bit but it doesn't mean that's the end of a daily ATH.

Is anyone concerned with opinions that stock markets are on their last legs and are getting ripe for a big correction within the next few months?
Things were just too good recently and there has to be a balance in nature. i.e. S&P is up by 36% to it's record high and so is Dow Jones (+28% in the last year).

Do you think there's even a possibility that Bitcoin could continue to go up against the traditional markets? What would it take to shift investors' perception to make them start perceiving it as a store of value or a safe asset for unstable times, similar to gold?

Bitcoin subsequently hit 92,000 USD and then 93,000 USD.

Keeping track of Bitcoin ATH is becoming a severe job right now.
Keeping updated the thread title could be a too cumbersome task!
I suggest resorting to swarm intelligence, with everybody updating their reply. So that for the usual reader, he will see the development of the price along the thread.

CPI was 0.02% higher than last month but you forget that core CPI remained the same as expected so it can't be said that inflation is getting worse.

It can be said that with the CPI news just released, everything is going as the market expected and the Fed will almost certainly continue to cut interest rates next month. So it is understandable why the market continues to react positively.
The price has crossed $93k and ATHs are being continuously created every day. With the current growth momentum of bitcoin, our dream goal of a 6-figure bitcoin price could become a reality this month, I don't think we have to wait until 2025.

Seems OP need to modify his topic after few minutes ago bitcoin have been success reach new ATH price above $91,800 and not close opportunity for tomorrow will raise another new ATH price.
Actually last few hours ago have CPI announcement and not bring good news but bitcoin make significant movement after correcting few percent today.

I think Bitcoin will not stop with the new ATH at $91k but there is potential for it to approach $100k in the near future, my prediction around one week later have opportunity for bitcoin near future to reach $100k exactly after several good news since Donald Trump with the US election and easily for bitcoin pump drastically.

I am not sure what Easteregg69 is referring to here as it is not a one-way street as to whether or not buying or selling makes more sense when the fiscal year comes to an end.

Tax harvesting is a real thing, but at the end of the day it depends on doing thorough calculations. I don't think it is suboptimal to sell one asset on December 30th and rebuy it on January 2nd, if it 1) is easily possible to repurchase it and 2) you take enough time in between those transactions (few days will do) or other wise you could be accused of manipulation. If Bitcoin were down by a lot but you have huge income from other sources, selling it before Dec 31st and then rebuying it makes total sense unless you hurt other tax strategies.

But imagine a case where someone on December 31st is massively in profits with Bitcoin and there is a huge write off because maybe you lost big time on real estate, then selling Bitcoin, securing the gains tax free until the write-off is neutralized, and then rebuy Bitcoin if you want also makes perfect sense.

Whether it impacts the market or not, I don't think so. But there will always be people who have to sell some if they realized gains during the year already and know that they don't have the cash for the IRS. Similar to when these CEOs have to sell off some of their stock to pay taxes. But the idea that a huge sell off is going to happen because of tax considerations is bogus in my opinion.

This is the financial market and everyone will have different ways of making money, no one is the same and just because they are not like us does not mean we can laugh at or criticize them. I don't see anything wrong or regrettable if someone decides to take profits at this point as long as they are happy with the profits they have made. Taking profit is never wrong and it all depends on each person's strategy, circumstances and goals. If he bought bitcoin years ago or bought at $15k then taking partial profit would be the right and absolutely correct thing to do.

Remember that as long as the market exists, we always have opportunities, as long as we have money, investment opportunities will come to us.

If he's not invested for about 4 to 10 years, there no point thinking of a quick profits, that's a very wrong investment plan and all he should focus on is buying more Bitcoin whether the price is higher than his previous entry or not the price of Bitcoin would still go higher and it has the potential of getting above 100k probably before the end of this year or by the beginning of the new year. Just continue Dcaing and hold till the next circe I promise you won't regret it so far you got a stable income to keep buying. Many people invest on Bitcoin for short term and take profit after every new ATH but they're wrong, if only they know how much they'll profit if they keep holding until the next circle, for instance those who early sold their Bitcoin when it was more cheaper than this would be regretting their actions currently. Ask yourself why Microstrategy haven't sold their Bitcoin but keep adding more to their portfolio.

just gonna be parabolic from here on, $100k seems to be the most logical and plausible ATH to have for bitcoin this time around.
just see at this current level still no meaningful pullback reversal happening around the $80k level, instead BTC seems to make temporary and short accumulation phase.

although I still kinda expect there to be retracement around $84k if it happen to hit that price point



after all, a good healthy rally and the sustaining ones are always the rally with occasional little retracement.

After the quick profits what next? To buy back at the price higher than your previous buying hahahah, even though I wonder the quantity you have already to be considering quick profits, or is it just for a few dollar profits?. However, any one can do whatever they like but I must say that any one that potentially value Bitcoin wouldn't just be chasing quick profits, those that sold earlier before now must be regretting seeing where Bitcoin is today and the same will happen to as many that will sell now or chasing quick profits on seeing what Bitcoin will become of in the future.

Or what we call that the price has been invalidated already, although there could be a chance that we can fall back to $75k. But with the current FOMO on Trump winning the election, we reach a new all time high of $80k. And now speculators are pushing for the price to reach $90k or even higher at the end of the year. And in one thread about Trump vs Harris and if Trump wins, the price could go as high as $92k. So let's see how it goes, maybe there could be some factors that we might see a minor correction to $75k, or will it continue it's massive run and pump till $90k++.

I am not close to the US tax system.
When is the final day of the fiscal year?
Also, why should it impact the market? Something like "tax harvesting" procedures? I am always puzzled by how the tax system should be neutral, but in reality, it gives incentives to adopt suboptimal strategies only to minimise the fiscal burden.

End of tax year coming.  Expect sell of.

The ETF's and the ETN's.

Well, well... everything seems to indicate that the new kid on the block (Piso) is the +80k... there is a lot of movement from important investors, and it is no coincidence because without a doubt the DT effect continues to bring waves of good vibes to reach 6 figures, without a doubt something that should even happen before the end of 2025(yes, 2025...).