Bitcoin's new All Time High (ATH) has been reached this year again (X2) - page 3.

Gozie51

hero member

Activity: 2660

Merit: 630

DGbet.fun - Crypto Sportsbook

Quote from: crzy on October 28, 2021, 04:52:51 PM

Quote from: proudhon on October 28, 2021, 02:04:36 PM

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.

This could be more critical as we are down again and if Bitcoin can’t rise we can expect a bear trend before the year end which is basically happened every year where people spend money during the holidays. For now, its time for altcoins to pump and happy to see some altcoins initiate the up trend. Bitcoin will rest for now and will wait for its momentum again.

Don't expect this year ending to repeat itself like the previous years ending with the festivities. One of the very reason that this times may not be like the past is bitcoin has performed better than other years despite covid-19 challenges. Last year that is 2020 was the covid-19 pendamic year but it increased bitcoin price more, investors are hodling in expectation of 6 digit nobody want to miss the and institutional investors don't panic sell. So with the December month , things can be different.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: doomloop on October 21, 2021, 02:41:25 PM

In 2021, anything beyond $19,800 must be a new ATH and this way, we had multiple ATHes in first four months of this year and the current ATH is not second time we are seeing an ATH. Like you and many other people, I am also not surpriced on seeing the bounce back of bitcoin as it is a highly expected one.

In a bullish year, we may get into ATH multiple times and this way we are having the current ATH around $67k levels and most people are expecting it to be broken at any time as there are strong speculations about getting into $100k levels at any time soon. Honestly the current ATH is something we got just because of recovering from the correction hence we need to have the actual new growth only here after.

It is really remarkable that bitcoin got potential to scale around $64k some six months back itself and we are into same level of peak price levels for more than six months of time frame. By considering the new investments made into bitcoins and how many positive progress we had within bitcoin ecosystem then probably we might have got into $100 levels already but China's ban and Elon Musk's concern on bitcoin mining were the reason why we are still struggling within April's ATH.

Davian144

hero member

Activity: 2576

Merit: 579

Quote from: proudhon on October 28, 2021, 02:04:36 PM

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.

A fall back is very certain to happen, but everyone should also remember that Bitcoin can also fly back after a decline as seen now in the market, but for now I am more impressed with Ethereum which has also been able to create its new ATH at $4400 in This morning.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Quote from: crzy on October 28, 2021, 04:52:51 PM

Quote from: proudhon on October 28, 2021, 02:04:36 PM

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.

This could be more critical as we are down again and if Bitcoin can’t rise we can expect a bear trend before the year end which is basically happened every year where people spend money during the holidays. For now, its time for altcoins to pump and happy to see some altcoins initiate the up trend. Bitcoin will rest for now and will wait for its momentum again.

You are responding to someone who is always bearish on Bitcoin. But Bitcoin doesn't care about people. It just continues to rise.

Simply because Bitcoin is down, it is already critical? Bitcoin corrects in the middle of bullish rallies. That's very normal.

Do you have something to prove that Bitcoin's price goes down before every year ends? I think you are wrong. December is generally a good month for Bitcoin. We will wait and see whether December 2021 is the same.

crzy

full member

Activity: 2128

Merit: 180

Quote from: proudhon on October 28, 2021, 02:04:36 PM

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.

This could be more critical as we are down again and if Bitcoin can’t rise we can expect a bear trend before the year end which is basically happened every year where people spend money during the holidays. For now, its time for altcoins to pump and happy to see some altcoins initiate the up trend. Bitcoin will rest for now and will wait for its momentum again.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: Davian144 on October 19, 2021, 08:40:25 PM

I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone, but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

It is not that surprising, altcoins show a delayed reaction to the movements of bitcoin, back then the all time high of bitcoin and altcoins matched because back then bitcoin was making all time highs almost everyday so it makes sense that altcoins finally caught up with bitcoin in that scenario, but now we are only at the beginning stages of a new series of all time highs for bitcoin, so it makes sense that bitcoin reached its all time first and it will take altcoins some more time before they can do the same.

proudhon

legendary

Activity: 2198

Merit: 1311

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Yaunfitda on October 28, 2021, 01:01:21 PM

There's a lot of volatility right now, moving up and down from $58k-$61k range. It means that traders are still undecided. So there's a chance that we will go sideways as you have mentioned or really goes down again to $55k because of that indecision from speculators and traders.

And I guess everyone is really anticipating that 6 digits this December that's why the market is in the middle. But hopefully November will be another big month for us if we wanted to get into that $100k mode at the end of the month.

Yeah market sentiment is definitely into dilemma; we need big news to decide the direction further. Just because we got stronger bullish rally by November and December may not help to have same kind of scenario. We are all expecting another ATH to happen but not sure how many of traders are finding similar signal for their trading. Only when both speculators and traders agree for same scenario then market may move toward new ATH and when speculators do based on history and not per technical things then unexpected may happen.

If another new ATH happen in this year then we can easily get into $100k levels but if bitcoin market remains sideways but under ATH then there would be lesser possibilities for new ATH.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: fullhdpixel on October 28, 2021, 11:01:41 AM

Quote from: arufox on October 28, 2021, 09:20:46 AM

The bitcoin price is now down to $61k and that's a reasonable drop due to profit-taking. However, I don't think a September-like correction is likely to happen again. So far the crypto market is still in a bullish situation. therefore, a new ATH for altcoins is definitely coming.

Even we are trading above $61k levels right now, earlier today, bitcoin was falling up to $58k levels which made me to have new calculations before we are thinking about getting into a new ATH. I guess for the remaining days of this month and the first week of November month, we may have only sideways market as market is lagging volume which might be due to lack of new investors. When more people are anticipating about bearish trend in January then we cannot expect more new people just 2 months before that.

There's a lot of volatility right now, moving up and down from $58k-$61k range. It means that traders are still undecided. So there's a chance that we will go sideways as you have mentioned or really goes down again to $55k because of that indecision from speculators and traders.

And I guess everyone is really anticipating that 6 digits this December that's why the market is in the middle. But hopefully November will be another big month for us if we wanted to get into that $100k mode at the end of the month.

el kaka22

legendary

Activity: 3752

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: cryptomaniac_xxx on October 24, 2021, 08:50:39 PM

What's differentiate BTC to it's previous ~~trend~~ bull run is that:

a. We have institutional money flowing in the market in the last year or so
b. Big companies hedging their reserve asset to bitcoin and putting it in their balance sheet
c. Individuals hedging bitcoin against bad government
d. Whales and more whales coming into the market
e. Bitcoin ETF's, giving us some sort of acceptance from regulators.

You listed the good things, but there are also bad things not happening compared to last time as well. Remember one of the main falls of bitcoin was the fact that we didn't had segwit, so the cost became as high as 40-50 dollars per transaction for a while, this is no longer the case. We also had Craig Wright selling thousand of coins and buying mining power to get BCH, which he failed but still managed to drop the price of bitcoin by selling that much.

We also had market money loss on many fake and scam ICO's as well, which crashed because they were scams and shitcoins, making many people lose money, and I mean a lot. None of that is happening now, as much as the good things matter a lot, the bad things not happening anymore matters even more if you ask me. The nature of bitcoin and most crypto is going up, maybe it would be slower, maybe it would be faster, but it will always go up in the long term, so avoiding bad things will result with good results in the long run.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: arufox on October 28, 2021, 09:20:46 AM

The bitcoin price is now down to $61k and that's a reasonable drop due to profit-taking. However, I don't think a September-like correction is likely to happen again. So far the crypto market is still in a bullish situation. therefore, a new ATH for altcoins is definitely coming.

Even we are trading above $61k levels right now, earlier today, bitcoin was falling up to $58k levels which made me to have new calculations before we are thinking about getting into a new ATH. I guess for the remaining days of this month and the first week of November month, we may have only sideways market as market is lagging volume which might be due to lack of new investors. When more people are anticipating about bearish trend in January then we cannot expect more new people just 2 months before that.

arufox

sr. member

Activity: 1119

Merit: 206

20BET - Premium Casino & Sportsbook

Quote from: michellee on October 21, 2021, 11:10:28 AM

Quote from: arufox on October 21, 2021, 07:27:58 AM

In my opinion, the recent record ATH Bitcoin has given hope for a bullish market that will continue to strengthen in the future. Although the new ATH of altcoins has not yet been reached at the same time as bitcoin, I believe that altcoins will also spur significant increases to reach new ATH in the near future.

But we need to have more patients because the bitcoin price now is down to $63k and hopefully, that price will not go down below $62k. We are almost on the weekend, so we need to prepare if the correction still happens next week. But we have more chances to see another high price in the next weeks. The ATH for the altcoin will come as what we saw to bitcoin but we need to wait for more.

The bitcoin price is now down to $61k and that's a reasonable drop due to profit-taking. However, I don't think a September-like correction is likely to happen again. So far the crypto market is still in a bullish situation. therefore, a new ATH for altcoins is definitely coming.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: ?? on ??

Quote from: Oasisman on October 23, 2021, 02:13:59 AM

Quote from: Johnyz on October 21, 2021, 03:37:05 PM

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

Well, that means trends like the 2017 - 2018 bull to bear transition cannot be recalled. So, we have to stop the comparison everytime Bitcoin is showing some resembling price flow in the past because we have totally different situation and a whole lot different market sentiments every year.
However, when the table turns the other end, we might experience a long bear, but who knows It wouldn't as worse as the 2018 because we have seen different methods of Bitcoin adoption today.

We’re on a different scenario now and yes, we should stop comparing Bitcoin to its previous trend because this year, Bitcoin made a new trend for hitting ATH for the second set of Bull trend. We’re in a situation now that most of us already know Bitcoin unlike before. Bitcoin today is way better, and we might see another set of up trend right before the year end, though if the price drops again I see that as a normal trend.

What's differentiate BTC to it's previous ~~trend~~ bull run is that:

a. We have institutional money flowing in the market in the last year or so
b. Big companies hedging their reserve asset to bitcoin and putting it in their balance sheet
c. Individuals hedging bitcoin against bad government
d. Whales and more whales coming into the market
e. Bitcoin ETF's, giving us some sort of acceptance from regulators.

And there could be more reasons why this current bull run will be different. And as expectations of hitting a conservative 6 digits at the end of the year.

Rajamuda

sr. member

Activity: 924

Merit: 255

Quote from: traderethereum on October 22, 2021, 01:26:40 AM

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

Because it is increasingly visible that Bitcoin has a strong role, the opportunity to reach a new ATH ... of course is still high, on ATH 3x, 4x and so on of course will still be there, it just takes a certain period of time while it continues to be in demand and more stock investors move to Bitcoins.
Yes, it's good that we can also look at the price movements of some altcoins, that's a good idea when Bitcoin is in a declining phase, even this is still a profit boost if you choose the right altcoins that have a stronger potential in their role.

Oasisman

hero member

Activity: 2814

Merit: 553

Quote from: Johnyz on October 21, 2021, 03:37:05 PM

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

Well, that means trends like the 2017 - 2018 bull to bear transition cannot be recalled. So, we have to stop the comparison everytime Bitcoin is showing some resembling price flow in the past because we have totally different situation and a whole lot different market sentiments every year.
However, when the table turns the other end, we might experience a long bear, but who knows It wouldn't as worse as the 2018 because we have seen different methods of Bitcoin adoption today.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: jaberwock on October 22, 2021, 01:49:55 PM

Quote from: traderethereum on October 22, 2021, 01:26:40 AM

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

It is obvious that it will make another one. We didn't drop that much down this time around, we had a 50% drop from ATH last time around and that was obviously a hard thing to come back from, looking at how things are right now, I can say that we are doing much better and the price is definitely much better as well. There is no scenario that we will be not reaching another ATH very soon.

I get that some people could be scared because the biggest falls happens from the biggest prices, we could literally fall 60% from the ATH this time around to reach the previous price, so it's scary. However we also wouldn't get any new highs if we didn't have the courage to keep on buying at high prices.

After the bitcoin price gets down to $60k, the price is back to $61k, which gives us the profit.
This situation is still unpredictable because the bitcoin price can get down to the lower price or increase to the high price as the price goes up and down faster than before.
The drop yesterday makes some people worry if the price gets deeper, but hopefully, they do not panic and not sell their bitcoin instantly instead of buying more at the lower price.
We hope that the next scenario is bitcoin price will increase after getting a correction and many people use that moment to buy more bitcoin.

jaberwock

legendary

Activity: 2772

Merit: 1127

Quote from: traderethereum on October 22, 2021, 01:26:40 AM

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

It is obvious that it will make another one. We didn't drop that much down this time around, we had a 50% drop from ATH last time around and that was obviously a hard thing to come back from, looking at how things are right now, I can say that we are doing much better and the price is definitely much better as well. There is no scenario that we will be not reaching another ATH very soon.

I get that some people could be scared because the biggest falls happens from the biggest prices, we could literally fall 60% from the ATH this time around to reach the previous price, so it's scary. However we also wouldn't get any new highs if we didn't have the courage to keep on buying at high prices.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: bitterguy28 on October 21, 2021, 05:59:27 AM

Quote from: sunsilk on October 21, 2021, 05:06:33 AM

It is okay if the altcoins aren't doing that much but you have to look for a few of them because they're also going up. But with the usual cycle, if you're looking for the going up of the other altcoins.

They're going up whenever bitcoin's rise is already done. So usually, they're increasing after bitcoin's push-up. What if we see another historical move of bitcoin that we get to see for another ATH within this year and that's still possible.

mostly it is Bitcoin that makes the way starting the hype and then when it ends we will see altcoin following the move so Lets just Make this moment a Bitcoin solely moment and we will see some altcoins in the next.

i checked the market early today when i woke up and guess , i can't believe what I am seeing and thought i am still dreaming.

but after multiple refresh in the market indeed the price rose up to 66k lol.

I still feel the moment when I've also woke up and saw $66k.

But that's done already and we've seen it start to drop but this drop isn't painful as before. We've just came from where it is today and the pump that has happened yesterday was a success so congratulations to the profit takers.

We'll be back again there for sure.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Davian144 on October 19, 2021, 08:40:25 PM

but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.

You wouldn't be so surprised if you looked at altcoin prices against bitcoin instead of against USD. You can clearly see that not even a single altcoin has been capable of reaching 10% of the ATH they used to have back in 2017 (the super altcoin pump year). The only reason their USD price shows a rise is because bitcoin price has been going up otherwise they have been dumping hard over the past 4 years which is clearly visible in their price against BTC.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

Topic: Bitcoin's new All Time High (ATH) has been reached this year again (X2) - page 3. (Read 512 times)