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Topic: Bitcoin price has reached new high price near 59K (Read 408 times)

legendary
Activity: 2534
Merit: 1338
I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.
Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.
As you may guess I cannot predict the future with this, it is just a way to use one indicator and try to understand more clearly what it is happening with the market, if there was a single indicator that could predict what the market was going to do someone would have found it by now, but then as everyone began using such indicator it will begin to lose its edge as everyone begins to move in the same way which is why I do not have a problem with other people having a different vision of the market.
legendary
Activity: 3052
Merit: 1188
I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.
Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.
legendary
Activity: 2534
Merit: 1338
To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.
But, never need to worry on these kinds of corrections and your probable reason of getting liquidated in leverage market definitely a reasonable one and this is why we never need to concern of getting to $55k region suddenly from $60k levels; just part of every market and bitcoin may bounce back at any time soon.

And in my opinion also, dominance in marketcap is just another number that most people are considering to compare and to take investment decision but honestly it is not having any economic value. I do never consider about dominance of bitcoin market and where it is heading.
I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.
hero member
Activity: 2828
Merit: 611
To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.
But, never need to worry on these kinds of corrections and your probable reason of getting liquidated in leverage market definitely a reasonable one and this is why we never need to concern of getting to $55k region suddenly from $60k levels; just part of every market and bitcoin may bounce back at any time soon.

And in my opinion also, dominance in marketcap is just another number that most people are considering to compare and to take investment decision but honestly it is not having any economic value. I do never consider about dominance of bitcoin market and where it is heading.
legendary
Activity: 2534
Merit: 1338
We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.
I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.
To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.
hero member
Activity: 2632
Merit: 833
We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.
I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

Yes, this is the next big psychological numbers for more speculators so hitting $70k in the next coming weeks might trigger another dip. But it will be just minor though, I'm not expecting a huge dump.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.

You can get big profits as long as you have timed the market. So for bitcoin investors, they don't want to dig their hands on altcoins because of that. They say that bitcoin is volatile, but I would say that altcoin market is more volatile because of the pump and dump scheme.
legendary
Activity: 2086
Merit: 1058
We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.
I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
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what you say may or may not be true, if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.

then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.

Of course, no one can predict the exact month, but you have to remember that we are gauging all time high not in months but the whole cycle year. That's why we have indicators like year-to-year, so we might have to look at the end price this year. And just like previous cycles bull run, it usually December that we saw a big growth, just like year alone, we surpasses and created a higher high for 2020, and then this year, it will be all time high again.

We often see the history before in the month of December, usually the right moment, it can be said that the price started high, but indeed in this cycle it cannot be completely correct because of the conditions and what about the trend I saw before in December it will be month right.

I saw that before 2020 at the end of the year bitcoin experienced a quite drastic increase, then with many trends emerging and also some institutions that are adopting more, I am sure that everything can change in this case, including the price will get higher with the cycle that occurs.
legendary
Activity: 2534
Merit: 1338
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Where the drop gradually?? Bitcoin keeps increasing and now reaches $63 and I'm positive we are will see Bitcoin reach $70K in the near.
Stop to think Bitcoin will drop or dump or anything, No. This year is the time of Bitcoin keep growing. So I hope you don't miss it

Oh, btw Current price is $63K and this the new ATH, you can lock your thread because not relevant anymore
We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.
full member
Activity: 1119
Merit: 206
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While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Where the drop gradually?? Bitcoin keeps increasing and now reaches $63 and I'm positive we are will see Bitcoin reach $70K in the near.
Stop to think Bitcoin will drop or dump or anything, No. This year is the time of Bitcoin keep growing. So I hope you don't miss it

Oh, btw Current price is $63K and this the new ATH, you can lock your thread because not relevant anymore
legendary
Activity: 2576
Merit: 1655
i hope so....
2 months ago i say to my friends about bitcoin price in this year. And my predict, bitcoin top price will be come in July. After that, bitcoin will be sideway until november or end 2021.
what you say may or may not be true, if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.

then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.

Of course, no one can predict the exact month, but you have to remember that we are gauging all time high not in months but the whole cycle year. That's why we have indicators like year-to-year, so we might have to look at the end price this year. And just like previous cycles bull run, it usually December that we saw a big growth, just like year alone, we surpasses and created a higher high for 2020, and then this year, it will be all time high again.
legendary
Activity: 2884
Merit: 1117
if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.

then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.
Yeah, we cannot predict exactly the time frame of occurrence of ATH but as per past bull cycles, we may assume 3rd quarter of this year is having good chance to have the new ATH. When the help of timeframe and price levels, most people are trying to make use of ATH to short their stash so that they may buy back to multiply the number of bitcoin holding. I wished to do the same in 2017 but due to fear of loss, I did not touch my bitcoins and simply continued my holding.

But this time I may take some calculated risk by selling some 5% of bitcoin holding to buy back when prices crashes at least 50% (usually bitcoin prices do crash 70% from ATH), so that I will add some extra bitcoin into my stash. But I will not touch my bitcoins if prices are above $100k by end of this year.
full member
Activity: 1708
Merit: 105
i hope so....
2 months ago i say to my friends about bitcoin price in this year. And my predict, bitcoin top price will be come in July. After that, bitcoin will be sideway until november or end 2021.
what you say may or may not be true, if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.

then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.
full member
Activity: 1140
Merit: 103
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.



Image Souce: MyTradingInfo

Indeed it's now starting to set in place with altcoins, but we can't really see it for those dead project that has been ignored by developers. Most of them was only having trading with less valuable volumes, and that's what makes it more worst for now. I still don't lose hope but rather, pushing towards every goals for my altcoins holding to become successful same with bitcoin's journey.
Well i also hold some altcoin that is now ignored by its developer and it is really sad to say that i lose money on it. But i did not lose hope on altcoin, because i see that there are some altcoin that is now rising and maybe altcoin season is already starting, so even if i lose some altcoin i will still hold some good altcoin for good.
sr. member
Activity: 1484
Merit: 277
Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.



Image Souce: MyTradingInfo

Indeed it's now starting to set in place with altcoins, but we can't really see it for those dead project that has been ignored by developers. Most of them was only having trading with less valuable volumes, and that's what makes it more worst for now. I still don't lose hope but rather, pushing towards every goals for my altcoins holding to become successful same with bitcoin's journey.
legendary
Activity: 2534
Merit: 1338
It is still trading sideways, or as other will say, this is a period of consolidation. It did hit $59k but it seems that there is a huge selling pressure so it goes down to $58k++. As for the altcoins, yeah, it is continuing it's rally while bitcoin is on the sideways. But the again, investors are going to shift again, once they see that bitcoin is about to make a break out run. Doesn't matter if the dominance goes down to 57%. Still the price is looking strong.
It is going to be interesting what happens from now on, the consolidation phase has lasted very long and we may be headed for a double top if true then a decrease in the price seems like a strong possibility, however even if this seems like it is what the charts indicates every single indicator that we see may seem to point out to the fact that whales are accumulating even more bitcoin and they are doing so in a way that does not rise the price, so we will have to see what ends up happening during the next days.
legendary
Activity: 2660
Merit: 1074
still the growing money entering cryptocurrency is largely focused on Bitcoin. A 55% dominance is still very high in a 2-trillion USD market cap.
Honestly I'm expecting bitcoin dominance to be hitting as low as 40% in coming years because it is a kind of calculation one against many so obviously bitcoin dominance will go down in coming years still I believe bitcoin value will be testing one million dollar as well at the same time.
Bitcoin dominance has always been high, even at times when other coins broke over their ATH prices, bitcoin managed to hold off 50%+ because when other coins increased Bitcoin increased as well. This is why I think it is obvious we should not be looking into bitcoin dominance dropping as low as 40%. I am not saying that will not happen, it could very well happen, this is crypto world anything could happen, we could see ethereum reaching 10k+ prices as well, and that would alone drop bitcoin dominance a lot all by itself let alone all the other crypto going 5x as well.

However we should not make our investments with that hope, we should not be shocked if it happens but we should not be expecting it neither, we should just consider all the possible options. This is why I think it is quite important we do not make investments based on something that rarely ever happens.
hero member
Activity: 2562
Merit: 586
it's stable somehow this time but we'll not know how long it will be stable there.
But, we can easily assume as per the past similar occurrence that whenever bitcoin prices are trading within a price range, it is going to launch upper side in very near future; this is kind of peace before a storm. In other words, bitcoin is simply gaining power for another big bull run; if it breaks $65k this time then it can easily test $80k.

still the growing money entering cryptocurrency is largely focused on Bitcoin. A 55% dominance is still very high in a 2-trillion USD market cap.
Honestly I'm expecting bitcoin dominance to be hitting as low as 40% in coming years because it is a kind of calculation one against many so obviously bitcoin dominance will go down in coming years still I believe bitcoin value will be testing one million dollar as well at the same time.
legendary
Activity: 2492
Merit: 1232
Yeah and I thought it was reached the $60k amount, but it is almost and considering that is a new ATH.

I would rather see altcoins growing and Bitcoin having a lower dominance rate if it means that people are having fun with the market and still able to sustain.  The question is, up until when would Bitcoin be stable? 
This is a golden question we had to get answers to (unfortunately, impossible because of the volatility of the market) we know that there's no infinite growth of Bitcoin price and it could be now and then it will dump, as in dump like what happened right after the previous ATH, it was drastically down. 

And the good thing today is, during the alt season, stable coins can be used in order to keep stay the same.  I would actually suggest people go to stable coins during the season if they are a short-term holder, just to make sure the consistency.
sr. member
Activity: 2380
Merit: 366
There are more interesting altcoins lately. The DeFi trend has hit the market quite hard. We have seen a surge of support among the likes of Uniswap (UNI), 1Inch (1INCH), Avalanche (AVAX), PancakeSwap (CAKE), SushiSwap (SUSHI), even Waves (WAVES), and many other altcoin projects. This must have helped increase the overall cryptocurrency market cap. But still the growing money entering cryptocurrency is largely focused on Bitcoin. A 55% dominance is still very high in a 2-trillion USD market cap.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Apparently bitcoin can give a bullish surprise, it is to be expected since many expect it to reach $ 100k, it is likely that in the short term it will be difficult, but in this article they talk about it:


Quote
Almost 54 percent of traders are sure that Bitcoin (BTC) will be worth between $50,000 and $100,000. Thus, about three out of four Currency.com customers expect the continuation of the ongoing Bitcoin (BTC) rally.
Source: https://u.today/currencycom-traders-moderately-optimistic-about-bitcoin-in-2021-survey

Already in the currency.com survey they have stated that there are millionaires, the sample population of respondents is 1,572 users at the end of March 2021. I think that $59k at any time can go over $60k so these inquiries have been made.
hero member
Activity: 1344
Merit: 540
Went down again to $57k and then up again to $58k, in full swing this past 24 hours. So no $60k in the horizon and again this could be considered as another period of accumulation for us guys. As the trend for March has chance, and seems to be have a ripple effect on April. Because if we are going to look at January and February, in around this time in both months, bitcoin has been rallying. Not bad though that we are seeing a sideway pattern for April as early as first week. Maybe we can see a different trend start of the second.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Another correction and it's to those who wanted to make an entry, very possible that it will bounce again and reach for more.

Quote
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
With what you have said the chance of seeing Bitcoin to pumped for more would bring interest to more possible investors.

Quote
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
No doubt! Bitcoin always surprises all investors, end of this year might be doubled in value if this market movement continue being positive.

Quote
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
No one can tell the accuracy, all are into speculation depend from how you understand the market flow.

Quote
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.

Buy while still cheap and never to look back as it's possible to go deeper, keep holding and enjoy the future success.
The correction will give us a chance to buy at a low price so we have a chance to sell when the price bounce to the high price.
That is happening not just in bitcoin but also in altcoin, especially for the altcoin that can increase higher.
If you can not analyze the market and know when you can buy, you will not have a chance to buy low and sell high.
But for bitcoin, even if you buy at the current price and the price is down and you do not buy back when the price is down, you still have a chance to sell at the next high price because bitcoin will be back to the high price.
So do not miss that chance when bitcoin can start the rally.

Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.

Yeah, everything in this market could possibly happen starting from dipping beyond $50k to reaching a new ATH, no one can exactly tell what is gonna happen all we can do is to make our own speculations. Anyway, I believed we already reach $59k a couple of times and even reach $61k last month but now we are back at $57k and it is quite stable for now. Once we break the resistance we will definitely set a new ATH so keep accumulation and holding for the meantime because our patience will be paid off eventually.
We will see $59k again, and the bitcoin price slowly recovers price and will go to $59k.
But it seems we need to wait for more because after we touch $58k, the price back to the $57k level, and that means our waiting time will be long unless there is a pump that comes to the market.
Maybe you can leave the market for a while because I think the price will be like this for this day.
But do not forget to place an order, buy or sell if you want to do something while leaving the market.
legendary
Activity: 2968
Merit: 3684
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And wheee, we're at mid week, Wednesday hump, and we're alreach almost touching 55k. Can already smell the scalpers baying for blood, probably going to see some people letting go now "just in case" and giving the big bad wolves a nice buy in to scalp again when the weekend inevitable brings us back to within touching distance of 60.

Wonder how they'll explain this in the evening news...
sr. member
Activity: 1554
Merit: 334
Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.

Yeah, everything in this market could possibly happen starting from dipping beyond $50k to reaching a new ATH, no one can exactly tell what is gonna happen all we can do is to make our own speculations. Anyway, I believed we already reach $59k a couple of times and even reach $61k last month but now we are back at $57k and it is quite stable for now. Once we break the resistance we will definitely set a new ATH so keep accumulation and holding for the meantime because our patience will be paid off eventually.
hero member
Activity: 2744
Merit: 541
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Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Another correction and it's to those who wanted to make an entry, very possible that it will bounce again and reach for more.

Quote
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
With what you have said the chance of seeing Bitcoin to pumped for more would bring interest to more possible investors.

Quote
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
No doubt! Bitcoin always surprises all investors, end of this year might be doubled in value if this market movement continue being positive.

Quote
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
No one can tell the accuracy, all are into speculation depend from how you understand the market flow.

Quote
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.

Buy while still cheap and never to look back as it's possible to go deeper, keep holding and enjoy the future success.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

in this data are included many shitcoins and shady exchanges, if we made a very careful selection I think that this number would be lower

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

this is something expected, people are investing money in the new fashion: before it was ICO, then IEO now DEFI and there is another one that I can't remember

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

well what can we pray and that at least people know how to put money on altcoins that are not just obscure projects and then come to regret

I mean let's talk about the future, Bitcoin is so good for investment, so only need time before can reach $70K, $100K even more

true, that’s why people should put money that they know they won’t need it for years
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Bitcoin price has reached new high price near 59K

Huh High price near $59k? What are you talking about?

It was $61782 at Stamp over 3 weeks ago. It was $60103 as recently as last Thursday.
_____

Sigh. Bring back Noob Jail.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Really only $70K, where you see this prediction, I see a lot of people predict that bitcoin can reach 100K even more. If only $70K is so easy for bitcoin, maybe will reach it 2-3 months later. I mean let's talk about the future, Bitcoin is so good for investment, so only need time before can reach $70K, $100K even more

i hope so....
2 months ago i say to my friends about bitcoin price in this year. And my predict, bitcoin top price will be come in July. After that, bitcoin will be sideway until november or end 2021.

Things are very different now with this investment asset, Bitcoin can proceed and bring more until the end of this year and experienced more positive if more institutional investors to come.

We can't conclude or we can't trace the accuracy of each prediction, we can onlu assume based from how we see the potential of this asset.

Self assessment and observation to your maximize profits.
full member
Activity: 896
Merit: 102
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Really only $70K, where you see this prediction, I see a lot of people predict that bitcoin can reach 100K even more. If only $70K is so easy for bitcoin, maybe will reach it 2-3 months later. I mean let's talk about the future, Bitcoin is so good for investment, so only need time before can reach $70K, $100K even more

i hope so....
2 months ago i say to my friends about bitcoin price in this year. And my predict, bitcoin top price will be come in July. After that, bitcoin will be sideway until november or end 2021.
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prediction many people estimate this year bitcoin can touch $ 70k, this can not be believed but if you look at the current price of bitcoin touching the price of $ 59k and can be stable I think it will be easy for bitcoin to fly higher. I believe that the market conditions are getting better
Really only $70K, where you see this prediction, I see a lot of people predict that bitcoin can reach 100K even more. If only $70K is so easy for bitcoin, maybe will reach it 2-3 months later. I mean let's talk about the future, Bitcoin is so good for investment, so only need time before can reach $70K, $100K even more
hero member
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

It's now down to $57k, and obviously market close is also down to $1.97T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

It is a now pegged at 55%.

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

Investors are putting money on altcoins because they know that they can profit in a very short period. Just look at how they pump XRP, BTT and other alts. But once they sold and get the profits resulting to a altcoin dump, they will go to BTC again.
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"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."


The dominance level of the market is important to watch at. If bitcoin is still high in price and dominance is reducing, it may be a good sign of what can happen. The whales could be taking out money to invest in altcoins. And the price is no longer very strong at above $59k because it drops to $58 as fast as possible. We can say maybe with the altcoin move, maybe the price may take a little more correction.
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prediction many people estimate this year bitcoin can touch $ 70k, this can not be believed but if you look at the current price of bitcoin touching the price of $ 59k and can be stable I think it will be easy for bitcoin to fly higher. I believe that the market conditions are getting better
all not only predict that they can touch $ 70K, many even predict that it will be more than that, even somewhat fantastic. because it is estimated that when you look at the first and second halving experiences, bitcoin ATH will occur at the end of the year.
then it could be that if it happens at the end of the year, the price of bitcoin can be very high. Now, with a long time, it can touch a fairly high price.
so we are waiting for the development step by step first, let bitcoin penetrate $ 60K and so on.
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.



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Bitcoin Already steady near 57-59k.I think every investor don’t need mone now.They wait to reach their goals. Somehow bitcoin reached 100k this year and It will be stabled.
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The bitcoin now is going to be stable within the range of the 56k to 59 and of course, there's a well it will sooner come to the next target which is the 60k than 70k and so on but the whales are the one who has a chance to remove those hopes if they are going to put a red market again. I didn't see any sign of a bullish market for the upcoming months so good to hold for the bitcoin just my cents.
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Together they move high, Bitcoin and Altcoins. Bitcoin dominance isn't strong this time as many investors trying to catch some good times in altcoins pumps and take advantage of it but we can never see a huge impact on Bitcoin instead, it keeps rolling high as close to $60k. This is likely to see that investors now are not only focusing on altcoins but they also make share with Bitcoin.

50/50 market share drives the market to move not in a sideways but having them all moving high together. This gonna be the bullish season that we are waiting for and as we can see, those coins that have been dead for many years are also kicking and alive.
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.



Image Souce: MyTradingInfo

Bitcoin has more than doubled in value over the last month, and risen over 30% in 2021 so far. It is now more than 400% higher than it was a year ago, according to Bitstamp, causing critics to question the rally's sustainability.

The rally has been driven by the huge amounts of money being pumped into economies by governments and central banks amid the coronavirus crisis.
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The state of the virtual currency market this year is very good,I believe Bitcoin may reach $80k,I believe Coinlist will bring a better start on April 14th.
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prediction many people estimate this year bitcoin can touch $ 70k, this can not be believed but if you look at the current price of bitcoin touching the price of $ 59k and can be stable I think it will be easy for bitcoin to fly higher. I believe that the market conditions are getting better
hero member
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It is still trading sideways, or as other will say, this is a period of consolidation. It did hit $59k but it seems that there is a huge selling pressure so it goes down to $58k++. As for the altcoins, yeah, it is continuing it's rally while bitcoin is on the sideways. But the again, investors are going to shift again, once they see that bitcoin is about to make a break out run. Doesn't matter if the dominance goes down to 57%. Still the price is looking strong.
hero member
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Bitcoin already crossed it's own highest maximum record and binance coin already broken its own previous record and build already new high record. Today Bitcoin broke it's 59000 price record and binance already crossed$498 .

It will only take some hours before it crossed 60K and when that happened, the price will gonna continue to increase again for another ATH. so guys take it as a sign to hodl your BTC or for those who has fewer bitcoins in their wallet and they still have waiting for their old altcoins to get to the moon, they better think twice because like I said before the of Bitcoin nowadays will not be the same as last year's. it may not back again at this rate because they speculated it too reached 100k this year. so you guys need to ponder and think about what's good going to happen in the next upcoming days.
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.



Image Souce: MyTradingInfo
In the past few years i see that when bitcoin price is increasing then most of the Altcoins price also start increasing. I think this is not happening for investing in Altcoins by investor. This happened because every investors are holding their coins when bitcoin price start rising.
legendary
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that seems to be what is happening that's why we see altcoins coming up the ranks. altcoins dominance increasing BNB is about 2.30.

BTT is up within the top 20, it's happening quickly like there are no signals provided, it's like only the holders had ridden this pump and now it's $0.01. it looks very easy to gain this token actually but yep there are tons of volume right now.



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The price was doing a complex movements during the last a few days and this stability of the bitcoin price will give the investors a great change for investing on altcoins. However, many people including myself are still holding bitcoins and not interested to selling it also waiting for the corrections and market discounts to buy bitcoins at cheaper price levels.
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yes of course, but not all investor doing that. For investors who are already fanatical with bitcoin, chances are he will stick with bitcoin no matter what happens with altcoins.
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Just edit your first post and include that link that you have posted on your 2nd post.

Bitcoin isn't near $59k because it just did go to $59k and going around from $58k-$59k. Yeah, it's stable somehow this time but we'll not know how long it will be stable there.
newbie
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

https://i.imgur.com/MhDrH2T.png

Image Souce: MyTradingInfo

News: https://www.coindesk.com/market-wrap-bitcoin-steady-near-59k-while-gains-in-altcoins-pushed-crypto-market-cap-to-2t
newbie
Activity: 12
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Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

https://i.imgur.com/MhDrH2T.png

Image Souce: MyTradingInfo
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