Bitcoin makes new ATH. More ATHs to come shortly. - page 6.

shield132

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Quote from: mk4 on November 08, 2021, 09:18:39 PM

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

I think there is no reason for it to fall right now, there is very strong support on the current price and since it felt from 66K to 60K but very quickly regained that loss + reached the new ATH, I think that it will just rise and rise until something bad happens. But once something bad happens and price begins to fall, it will be a total shock and we probably may see as great fall as we had when the price was 20K back in 2017.
But right now, the market looks very promising to my mind and there is no way for it to fall and reach 50K, 40K.

Ararbermas

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Alot of people sees that bitcoin still have potential to exceed because of its structure everytime after making a correction, so for me in my personal opinion its not surprising that bitcoin keep gradually breaking new ATH since there are still accumulating and keep pushing bitcoin to the resistance level.. and yes for sure before this year end there will be more surprises with bitcoin, especially at this moment that it shows a break out for sure many buyers again will expect more increase in the near future.

el kaka22

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I believe that we may not see 100k this year, it could be in 2022 and I would be fine with that. As long as price is steady and people are not losing too much, we do not have to earn too much neither, I am fine with that. I understand that people are looking at bitcoin like it is their bread and butter, and I understand that we may end up with a low price eventually, but expecting it to be 100k in 1.5 months is wanting way too much, expecting it to fall is more realistic right now.

Just focus on the price we have and focus on what we could do in the near future, that way we could make a lot better returns if we have realistic approach. Doesn't mean that we will make a profit right away, we may actually end up losing some money as well with that attitude but at least we will lose a lot less than the guy who waits for 100k to happen in 1.5 months.

Reid

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Me, me, me... "Hands raising supporting the next ATH" Grin

I am glad I stayed in this path. No regrets.
Reminiscing the first time I saw someone regretful about buying Bitcoin then posted it in a streaming service. He was banging the ATM while he only invested in it for a month. I think the price back then was $600 and then it fell to $400 so he withdrew it all.
A bit curious how is he feeling right now.

slaman29

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Price is right now almost 68000 so yes, I guess I am very happy and I'm sure a lot of people are also very happy (and not only BTC people but ETH actually which has been rising almost nonstop for weeks now) but I wouldn't just say so soon that 100000 is in clear sight. There's a lot of things to happen yet in between to say so. But it does look highly positive now!

Baofeng

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Quote from: Oshosondy on November 09, 2021, 01:14:51 AM

Quote from: VinaPlay on November 08, 2021, 08:59:19 PM

Absolutely. BTC will rise to 100K by Dec 31 2021.

Saying absolutely means you are totally saying bitcoin will rise to $100000 by December, but know that this can be possible or very possible it may not also happen before December, $100000 is a long way before it will be reached but it is still very possible and I am not againsting you, just that bitcoin price is just a prediction in short time period. Also there will be many price increase and corrections as many as possible times before bitcoin will hit $100000.

Yeah, it is just an expectation that we might see $100k, but we are not sure of that. Maybe the S2F model is accurate maybe not.

Let's take it slowly, however, we all know that when fomo sets in, it's hard to stop and who knows, maybe $70k-$90k will be the max price in the current bullish phase. There could be minor pullbacks but then again, investors are going to buy at every dip.

Oasisman

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Quote from: mk4 on November 08, 2021, 09:18:39 PM

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

Small pull backs will occur from time to time while Bitcoin is gradually increasing.
Bitcoin seems to be stabilizing at certain region after a sudden pump and then a few weeks after, it pumps again. That's something fine as it shows slow and steady gains.
It's indeed very unlikely for Bitcoin to just shoot straight up because there were always those who sells, especially when Bitcoin hit another milestone. Let's say $70k, a huge or not so huge pull back will inevitably occur. Good thing is that, Bitcoin is now capable of bouncing back stronger.

Yaunfitda

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I also saw the price hitting $68k and I check cmc it's say $68,500 so indeed a new all time high for us.

Of course this is just in preparation for the $100k that we all expected to happen in December.

So we need to just stay relatively calm for this current upsurge. It's surely makes everyone happy, but the end goal for all of us is that 6 digits so better not push that sell button for now.

Wexnident

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

Slow and steady wins the race. I wouldn't mind it really if $100k was reached by the end of the year, like at the last few weeks or so maybe? Just to make sure that you know, it isn't similar to the bubble of 2017,2018. I hope that the rise could actually let Bitcoin stay at that price or at least close to it for the rest of next year. It'd be much safer for the market scene if the price rise had at least some foundation right? Though ig investors would like it more if the market went crazy, more opportunities for them I suppose.

batang_bitcoin

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

$68,500 was the highest that has happened today and I think that there's more and it will try to break $70,000 anytime.

Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

Who else have the feeling that this very recent ATH will not be there for long?

I am because we might see another ATH before this year ends. Isn't it exciting that we're close to what plan b's prediction?

Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

$100,000 is now in clear sight. S2F might prove to be right once again.

Yeah, the strongest hands will be celebrating that soon.

pooya87

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Quote from: Fundamentals Of on November 08, 2021, 09:58:16 PM

~
This is currently the bullish cycle. There will surely be pull backs but only small and quick ones. I guess the bigger one will follow after Bitcoin hits the ATH at six digits. That big correction will see Bitcoin shedding tens of thousands in USD and might take several months to start consolidating and recover. But for this last quarter, it might be more or less a smooth ride towards $100,000.

It depends on where we are going to land on 6 digits. Reaching a very low price of $100k is not going to cause a "long and big correction" the way you think. After all such a rise is only a small 47% rise whereas we just had a 100%+ rise in July-August that was followed by a very small correction. Then another 71% rise in October that was followed by a -15% correction.
There is simply no reason for the correction at $100k+ be any different other than this number being "round"!!!

ATH=$68564 @bitstamp

LogitechMouse

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

By the time I'm posting this, the ATH that is on Coingecko is at $68,641.57.

If you will observe the movement of Bitcoin in the last 14 days, there is a time where Bitcoin will rise up but it will make a short correction immediately after and this is what's happening right now. Just after Bitcoin reached the $66,000 price few days ago, it made a short correction before it went up again and reach a new ATH. Right now it dipped a little bit.

If you will follow the S2F model, many are expecting that Bitcoin will reach at least $100,000 by the end of 2021. If you will see the probabilities that this will happen, I think there is a low chance that this will be reached but we still have 8 weeks this year and we might see new ATH after new ATH. Well, in the long run many are expecting that Bitcoin is going upwards so just accumulate Cheesy

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Oshosondy

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Quote from: VinaPlay on November 08, 2021, 08:59:19 PM

Absolutely. BTC will rise to 100K by Dec 31 2021.

Saying absolutely means you are totally saying bitcoin will rise to $100000 by December, but know that this can be possible or very possible it may not also happen before December, $100000 is a long way before it will be reached but it is still very possible and I am not againsting you, just that bitcoin price is just a prediction in short time period. Also there will be many price increase and corrections as many as possible times before bitcoin will hit $100000.

Farma

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if there is no correction, we might actually see bitcoin price range between $70k to $80k this month. it makes the opportunity to see a $100k price at the end of the year even greater.

based on cointelegraph analysis, bitcoin price could also reach its current high target of $89k, but that will happen if this pump continues. however, if there is a correction, the price could go back down to the range of $60k, or even below it. let's see the price developments that will occur in the next few days. it will also affect the price of the top altcoins.

https://cointelegraph.com/news/price-analysis-11-8-btc-eth-bnb-ada-sol-xrp-dot-shib-doge-avax

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I think the most likely scenario is going to be that we keep going up, and therefore beating ATHs, until we reach and pass $100k. This is the outlook that most, if not all, reliable predictive scenarios present, despite the pessimistic views we have been seeing lately on the forum.Regarding the pullbacks that mk4 mentioned, I don't really care. In the long term the trend will be to continue rising a lot, it doesn't matter if we go up little by little, consolidating, or if we have a big rise and then a fall. I guess if you expect to sell soon, you care more.

adaseb

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Bitcoin is stalling at $67800. Why? Well it doesn’t mean anything in USD but it’s 50,000 BTCGBP. If you look at Coinbase and Bitstamp it’s having a hard time cracking this number. For those that don’t remember we had the same issue when it was 50,000 BTCEUR. It was having a hard time cracking that number due to the large amount of sell orders.

Eventually it broke it on the USD chart however not on the EUR chart, so there was a huge arbitrage opportunity that took a day or so to close until the banks got their fiat deposits for more EURs. I see a similar situation developing at this area. Might take a while before it breaks, if it does most likely the GBP will be lagging.

Fundamentals Of

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Quote from: mk4 on November 08, 2021, 09:18:39 PM

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

This is currently the bullish cycle. There will surely be pull backs but only small and quick ones. I guess the bigger one will follow after Bitcoin hits the ATH at six digits. That big correction will see Bitcoin shedding tens of thousands in USD and might take several months to start consolidating and recover. But for this last quarter, it might be more or less a smooth ride towards $100,000.

mk4

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Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

VinaPlay

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Absolutely. BTC will rise to 100K by Dec 31 2021.

Fundamentals Of

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It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

Topic: Bitcoin makes new ATH. More ATHs to come shortly. - page 6. (Read 725 times)