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

yohananaomi

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Bitcoin is full of surprised it reach all time high and maybe year 2022 will also a best time to invest because it is expected to reach above the past ATH. I think we need to buy today on cheap price than nothing I believe that 100k$ price will reachable next year. So grab the chance guys for good.

last year's achievement was beyond the predictions of all analysts who said that the end of the year will be able to reach $100K, but once again bitcoin corrected and even to get past $70K which is only an inch away can't be done until the end of this year. what now must be pursued first is to break through $70K and then determine another price because this price is very crucial and cannot be broken.

Hopefully this year (2022) will be the same as the year (2021) where the beginning was still correcting but after the next month it started to increase. whether bitcoin will be able to do? no and it's hard to predict apart from waiting for the end of January to see if bitcoin doesn't fall again, if it drops below $40K, it's certainly extraordinary and there are concerns that there will be a long correction.

onecall123

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Quote from: kawetsriyanto on December 29, 2021, 06:12:40 PM

Quote from: Jating on December 26, 2021, 08:43:55 AM

^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

A few days ago, Bitcoin price already achieved $52k again but cannot stay a long time. Today Bitcoin price dropped again below $50k, not sure how far this decline to continue. Looks like Bitcoin price is in the sideways phase, only moving around $45k - $52k. Honestly, I don't feel really good seeing this situation. If Bitcoin price fails to increase again to $60k, I suspect Bitcoin price to freefall and breaks $40k. Then, the real bearish season may come soon in the next year. Anyway, $100k seems only a dream, difficult to happen. Undecided

It's not a good feeling to see free-fall or a downward movement, but here we are again, facing the reality. Even if you are scared, it does not ensure the price won't change at all, but this is how markets work. Over $100 billion has been moved by whales, and the price of bitcoin is dropping.
When this is written, BTC is changing hands for $46,652. It is likely that the whales will pump it up again.

kawetsriyanto

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Quote from: Jating on December 26, 2021, 08:43:55 AM

^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

A few days ago, Bitcoin price already achieved $52k again but cannot stay a long time. Today Bitcoin price dropped again below $50k, not sure how far this decline to continue. Looks like Bitcoin price is in the sideways phase, only moving around $45k - $52k. Honestly, I don't feel really good seeing this situation. If Bitcoin price fails to increase again to $60k, I suspect Bitcoin price to freefall and breaks $40k. Then, the real bearish season may come soon in the next year. Anyway, $100k seems only a dream, difficult to happen. Undecided

Shasha80

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Quote from: michellee on December 26, 2021, 10:11:43 PM

Quote from: Shasha80 on December 26, 2021, 08:40:39 AM

Quote from: michellee on December 26, 2021, 03:08:38 AM

Quote from: TravelMug on December 25, 2021, 11:25:14 PM

Quote from: Rimueng on December 08, 2021, 11:17:15 AM

~

So we need to wait for a few days to see if the price can reach the new all-time high or not. But I agree that the bearish trend will come again, especially we already touched the new ATH a few months ago so the next year, we will still have two options between the bull run and the bear market. Of course, we want to see the bull run, but we can not deny if the bear run somehow appears in the market. We can only follow the trend while we can have a chance to buy back more for the potential coins.

In the last few days it has been seen that Bitcoin has started to rise again, but I doubt it will reach new ATH any time soon. Because it requires
a lot of positive news to help the Bitcoin price pump again, currently Bitcoin is still having a very difficult time returning to the ATH price.
It seems that quite a lot of people prefer to monitor Bitcoin movements first, no wonder Bitcoin previously had a hard time rising to the $50k price.
Hopefully the return of the Bitcoin price to $50k price is a sign that Bitcoin is going to be a bull run, because we all really hope to see another
bull run. Even though it turns out that Bitcoin is bearish again, there's no need to panic, we just hold the Bitcoin that we have, or it could be
an opportunity to buy more Bitcoin. There comes a time when Bitcoin will skyrocket, so stay patient if Bitcoin turns out to be moving not in our favor.

Maybe it will reach new ATH soon but who knows. We can only expect and wait for some time as we do not know have the right prediction about when the ATH comes. But after we see how bitcoin can move to a higher price, it is a big expectation that bitcoin will reach the new ATH. Besides of monitor bitcoin movements, it will be good if they can buy back for some satoshis to test the price. If they can have bought at a price now and suddenly, the price increase more some higher price, they will make a profit and sell it to take their profit. But that will depend on their strategy as we will not have the same strategy.

We all don't really know when the actual Bitcoin price will return to the ATH price, especially now that Bitcoin is still moving sideaway.
Even though when Bitcoin managed to rise to the price of $51k I was quite happy, it turned out that my pleasure was only temporary,
because now the price of Bitcoin is back below $50k again. What you say is true, why don't we try to buy Bitcoin today and try to make
short term trades to make a profit. For example we buy Bitcoin at a price of $47k-$48K, then we can sell it when Bitcoin reaches
a price of $50k-$51k. By doing that, the profit generated is very small, but if we do it repeatedly, we can accumulate the profit that we make
and finally we can also get a big profit. But a strategy like this is only for people who have time to monitor the market every day,
because it requires quick decision making.

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Quote from: Jating on December 26, 2021, 08:43:55 AM

^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

I think $50k is not a resistance line that is difficult for bitcoin to break like some time ago because yesterday the bitcoin price managed to break through $50k and there was no continuous price recovery because today the bitcoin price fell back below $50k. I think it's still very possible at the end of the year the bitcoin price will be above $50k because after a price decline there will usually be a price recovery.

Oasisman

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Quote from: cryptomaniac_xxx on December 26, 2021, 10:48:09 PM

Quote from: Jating on December 26, 2021, 08:43:55 AM

^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

$51k now, and right, hopefully we will see $52k soon so that we are at least for some time out of the ~$40k because that level is really critical for us because it can spell loom and doom for investors and thinks that we are really in a bear market. For $100k, still doable in my opinion, next year will be a big challenge and perhaps the market will become very bullish again in the first quarter and might push the price closer to it.

It's not even a bad price movement even If Bitcoin falls back below $50k. IMO, it's a more safer range for Btc as a consolidation period before the next coming of the new ATH towards $100k. It's better If we see slow progress than a sudden pump, because it will most likely to have a sudden dump caused by the retailers to sell once that milestone is reached.

cryptomaniac_xxx

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Quote from: Jating on December 26, 2021, 08:43:55 AM

^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

$51k now, and right, hopefully we will see $52k soon so that we are at least for some time out of the ~$40k because that level is really critical for us because it can spell loom and doom for investors and thinks that we are really in a bear market. For $100k, still doable in my opinion, next year will be a big challenge and perhaps the market will become very bullish again in the first quarter and might push the price closer to it.

michellee

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Quote from: Shasha80 on December 26, 2021, 08:40:39 AM

Quote from: michellee on December 26, 2021, 03:08:38 AM

Quote from: TravelMug on December 25, 2021, 11:25:14 PM

Quote from: Rimueng on December 08, 2021, 11:17:15 AM

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

So we need to wait for a few days to see if the price can reach the new all-time high or not. But I agree that the bearish trend will come again, especially we already touched the new ATH a few months ago so the next year, we will still have two options between the bull run and the bear market. Of course, we want to see the bull run, but we can not deny if the bear run somehow appears in the market. We can only follow the trend while we can have a chance to buy back more for the potential coins.

In the last few days it has been seen that Bitcoin has started to rise again, but I doubt it will reach new ATH any time soon. Because it requires
a lot of positive news to help the Bitcoin price pump again, currently Bitcoin is still having a very difficult time returning to the ATH price.
It seems that quite a lot of people prefer to monitor Bitcoin movements first, no wonder Bitcoin previously had a hard time rising to the $50k price.
Hopefully the return of the Bitcoin price to $50k price is a sign that Bitcoin is going to be a bull run, because we all really hope to see another
bull run. Even though it turns out that Bitcoin is bearish again, there's no need to panic, we just hold the Bitcoin that we have, or it could be
an opportunity to buy more Bitcoin. There comes a time when Bitcoin will skyrocket, so stay patient if Bitcoin turns out to be moving not in our favor.

Maybe it will reach new ATH soon but who knows. We can only expect and wait for some time as we do not know have the right prediction about when the ATH comes. But after we see how bitcoin can move to a higher price, it is a big expectation that bitcoin will reach the new ATH. Besides of monitor bitcoin movements, it will be good if they can buy back for some satoshis to test the price. If they can have bought at a price now and suddenly, the price increase more some higher price, they will make a profit and sell it to take their profit. But that will depend on their strategy as we will not have the same strategy.

Jating

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^^ It has a hard time breaking $50k because it is considered what we call mental barrier. But once we got over it, we can surely hit the next support level of $52k, so hopefully that will be the price before the end of the year. At least above $50k is already good. And we will not reach a new all time high. We should look forward next year, as we could still see a bull run and touch at least $100k as predicted. So let's see how it will pan out in the future.

Shasha80

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Quote from: michellee on December 26, 2021, 03:08:38 AM

Quote from: TravelMug on December 25, 2021, 11:25:14 PM

Quote from: Rimueng on December 08, 2021, 11:17:15 AM

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

So we need to wait for a few days to see if the price can reach the new all-time high or not. But I agree that the bearish trend will come again, especially we already touched the new ATH a few months ago so the next year, we will still have two options between the bull run and the bear market. Of course, we want to see the bull run, but we can not deny if the bear run somehow appears in the market. We can only follow the trend while we can have a chance to buy back more for the potential coins.

In the last few days it has been seen that Bitcoin has started to rise again, but I doubt it will reach new ATH any time soon. Because it requires
a lot of positive news to help the Bitcoin price pump again, currently Bitcoin is still having a very difficult time returning to the ATH price.
It seems that quite a lot of people prefer to monitor Bitcoin movements first, no wonder Bitcoin previously had a hard time rising to the $50k price.
Hopefully the return of the Bitcoin price to $50k price is a sign that Bitcoin is going to be a bull run, because we all really hope to see another
bull run. Even though it turns out that Bitcoin is bearish again, there's no need to panic, we just hold the Bitcoin that we have, or it could be
an opportunity to buy more Bitcoin. There comes a time when Bitcoin will skyrocket, so stay patient if Bitcoin turns out to be moving not in our favor.

michellee

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Quote from: TravelMug on December 25, 2021, 11:25:14 PM

Quote from: Rimueng on December 08, 2021, 11:17:15 AM

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

So we need to wait for a few days to see if the price can reach the new all-time high or not. But I agree that the bearish trend will come again, especially we already touched the new ATH a few months ago so the next year, we will still have two options between the bull run and the bear market. Of course, we want to see the bull run, but we can not deny if the bear run somehow appears in the market. We can only follow the trend while we can have a chance to buy back more for the potential coins.

rodskee

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Quote from: rhomelmabini on November 11, 2021, 09:40:47 AM

Few days from now the Taproot activation will be realized, I wonder what could be the impact of it in the market. Will there be a drop even though we expect it by reaching a new all-time high at $69k or will it continues to rise because of this update? What's your thoughts to the possible price after Taproot activation?

A month and half after looks like the first option did happened and never break that 69,000 barricade as the price steps 60 one last time before subsiding below 40k and now stays at 47-51k as the year is almost done.
maybe we are just exaggerating and we did not anticipate the hindrances along the way climbing to that level.
so yes we may not see another ATH till mid of 2022 as the market is showing weaknesses .

TravelMug

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Quote from: Rimueng on December 08, 2021, 11:17:15 AM

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

Rimueng

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From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

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Quote from: Jating on November 11, 2021, 04:19:52 PM

Quote from: onecall123 on November 11, 2021, 11:19:37 AM

Quote from: Poker Player on November 11, 2021, 09:58:26 AM

Quote from: btc_angela on November 11, 2021, 08:26:05 AM

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

It there's something that history will tell us, November/December is a positive month for bitcoin. Even during the last bear cycle, we will see some occasional pumps, specially in December for profit taking. So what's more if we are in a great and super fast bull run right now. I'm not worried for those who sold to take it's profit, for sure they are going to buy again when the price is cheap and wait for the price to reach $70k-$80k again before doing the same. That's how it goes though, and I will be positive that we can even reach higher than that, maybe that 6 digits can be achieved this December or early 2022.

I think it's true that's there's still a lot of profit taking going on, mainly those who wished they had taken profits previously at $60K before price dropped in half, so without much knowledge of markets, Bitcoin's price movements or it's cycles, then there are many doing what they wish they had done early in the year. Unfortunately, completely unaware how the technical picture is very different to how it was 6+ months ago.

I also think the next level of considerable profit taking is more likely to occur in January 2022, as previously it was in December 2017, and before then November 2013.
Nov/Dec are often volatile months for Bitcoin, whether to the upside or the downside. Given the bull market continues, it simply seems more likely up than down.

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Quote from: awakpane on November 07, 2021, 12:09:50 PM

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

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

Unlike before on those previous years that bitcoins price do move out without any attached sentiments or news but now we could somewhat attached those events or things happened around even though its not that
unpredictable but at least we do already have the idea.

Unlike before that whenever price had reached out new ATH then theres always a tendency for some crash or huge correction but it didnt really happen on this year which bitcoin did really able
to break out new ATH 2x or even 3x as of this recent 68k ath.

Next ATH? No one knows if it would able to hit again as of this year or onto the next.

Jating

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Quote from: onecall123 on November 11, 2021, 11:19:37 AM

Quote from: Poker Player on November 11, 2021, 09:58:26 AM

Quote from: btc_angela on November 11, 2021, 08:26:05 AM

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

It there's something that history will tell us, November/December is a positive month for bitcoin. Even during the last bear cycle, we will see some occasional pumps, specially in December for profit taking. So what's more if we are in a great and super fast bull run right now. I'm not worried for those who sold to take it's profit, for sure they are going to buy again when the price is cheap and wait for the price to reach $70k-$80k again before doing the same. That's how it goes though, and I will be positive that we can even reach higher than that, maybe that 6 digits can be achieved this December or early 2022.

lixer

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Quote from: Poker Player on November 11, 2021, 09:58:26 AM

Quote from: btc_angela on November 11, 2021, 08:26:05 AM

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

That has been the case for 7+ years as far as I can remember, 2014 had a huge spike and then a fall, we are in 2021, so that’s 7 years. It probably happened before as well but I don't know, I haven't checked, I was here on 2014 and that’s the first increase and then correction that I have seen.

However, imagine a world when the price is 65k dollars and people say "it dropped", I mean I wouldn't even dream of 65k in my wildest dreams just few years ago, now we are considering it a low number and expecting it to go a lot higher. I do not think that we are in a huge bull run, those are the times when bitcoin does x10 and we are not there at all, yet it is still a good situation to be in right now, it is definitely going up, not a huge amount but it still broke the ATH again.

onecall123

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Quote from: Poker Player on November 11, 2021, 09:58:26 AM

Quote from: btc_angela on November 11, 2021, 08:26:05 AM

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

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Quote from: btc_angela on November 11, 2021, 08:26:05 AM

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

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Few days from now the Taproot activation will be realized, I wonder what could be the impact of it in the market. Will there be a drop even though we expect it by reaching a new all-time high at $69k or will it continues to rise because of this update? What's your thoughts to the possible price after Taproot activation?

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Quote from: awakpane on November 07, 2021, 12:09:50 PM

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

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

Forget about alt coins though, majority of them are just for pure pump and dump.

Yes, some of them could have their own bull run and even has a higher return that BTC, but they are more move volatile and risky. Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

awakpane

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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

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

Baofeng

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Quote from: Silberman on November 03, 2021, 04:14:54 PM

Quote from: stadus on October 31, 2021, 04:49:05 PM

Quote from: Kemarit on October 30, 2021, 01:48:30 AM

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

But we never know when the bull run will be over, just ensure a profit and you'll not worry going forward.

The previous bull run that was achieved in the year 2017 was around $20k, now we are trading at $60k that's after almost 4 years of a bearish market, so let's enjoy this moment as when the bearish market will come again, it might be long and that we have to wait for a new bull run to come again.

I doubt that the next bear market is going to be as bad as the one that we saw after 2017, it is true that at some point when the bull market is over we will see a crash, but now we have institutional investors in the market and if they see the price going down too rapidly they will protect it by buying more bitcoin at cheap prices while at the same time defending the levels at which they bought so they do not suffer massive losses, so I do not think the crash will be as big as the one we saw back then.

In any case though, this will be the first time that we will have a bearish market with that bitcoin narrative. So probably it could be different in 2022 or whatever bear market will come, or just the same with the 2018 and it's subsequent crash as we are still functioning well inside the 4 year cycle. Although I believed that there could be two super bullish cycle in the coming months.

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Quote from: stadus on October 31, 2021, 04:49:05 PM

Quote from: Kemarit on October 30, 2021, 01:48:30 AM

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

But we never know when the bull run will be over, just ensure a profit and you'll not worry going forward.

The previous bull run that was achieved in the year 2017 was around $20k, now we are trading at $60k that's after almost 4 years of a bearish market, so let's enjoy this moment as when the bearish market will come again, it might be long and that we have to wait for a new bull run to come again.

I doubt that the next bear market is going to be as bad as the one that we saw after 2017, it is true that at some point when the bull market is over we will see a crash, but now we have institutional investors in the market and if they see the price going down too rapidly they will protect it by buying more bitcoin at cheap prices while at the same time defending the levels at which they bought so they do not suffer massive losses, so I do not think the crash will be as big as the one we saw back then.

BuNga_cute

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Quote from: the ghabbar on November 01, 2021, 10:47:12 AM

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

There are many reasons that influence bitcoin to reach new ATH twice a year, but the most basic is how investors play the market to make bitcoin continue to rise without stopping, this condition is what they continue to take advantage of to make bitcoin more valuable, but there will come a time when they make bitcoin drops at a price below normal, that's when they take advantage of large purchases of bitcoin, unlike the popular altcoins in the market, they will not be able to reach bitcoin like twice a year.

Because the price of Bitcoin moves based on supply and demand, of course the strongest reason why Bitcoin can reach new ATH twice is that
more and more new people are buying Bitcoin, while the supply of Bitcoin is limited. Maybe after Bitcoin hit its first new ATH price of the year,
Bitcoin is getting hype and more and more people are FOMO, finally Bitcoin can reach its second new ATH. There is even a possibility that Bitcoin
could reach another new ATH price before the end of the year. Because Bitcoin's performance this year has been extraordinary, Bitcoin has proven
that it is the most profitable compared to other assets. So it's not only ordinary people who start investing in Bitcoin, even many institutions decide
to invest in Bitcoin this year as well. This positive trend eventually continued to push the Bitcoin price up, then related to the price of altcoins
not reaching new ATH twice like Bitcoin, That's because many investors are focused on investing in Bitcoin, which dominates the market. So altcoins
are having a bit of a hard time going up right now, but don't worry for popular altcoins will definitely go up, but indeed we have to be patient waiting
for altcoins to rise to reach new ATH.

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Quote from: dezoel on November 01, 2021, 09:34:08 AM

Quote from: Kemarit on October 31, 2021, 09:57:42 PM

As expectations, we are looking for 6 digits at least. It might be too high of a expectation, but we all know how Bitcoin's bull run it, there's a lot of FOMO and no body can really stop it, not FUD. And what's more if we have a lot of good news next month like Taproot and ETF. So still the future looks bright and let's wait what December will bring to us.

Every four cycle bitcoin gets 10x rising which means we may get into 6 digits this year but I am afraid of what are the consequences of pandemic going to influence into current bitcoin's four year cycle. I mean pandemic and its consequences must be the biggest difference we have right now from the previous four year cycles of bitcoin. Probably people might allocate lesser fund than usual this time for bitcoin investment still considering the new investors (institutions and governments), I guess we may not experience any such differences.

Of course, we can't go on parabolic rise, majority of us here knows that, sooner or later the bearish cycle will appear whether we like it or not. But as we have been in this crypto market and have seen the ups and downs, for sure we are going to be prepared again for this long crypto winter.

Quote from: dezoel on November 01, 2021, 09:34:08 AM

I agree bitcoin Taproot upgrade might be playing a big role how segwit activation played in 2017. We entered into November month still we are trading below to April's ATH. This month must be a crucial one to decide where we are going finish off this year.

Hopefully it will have enough push and it will be the catalyst for that 6 digits run that everyone is expecting. Yes, this last 2 months will be critical, but I'm leaning towards a positive end for this year.

the ghabbar

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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

There are many reasons that influence bitcoin to reach new ATH twice a year, but the most basic is how investors play the market to make bitcoin continue to rise without stopping, this condition is what they continue to take advantage of to make bitcoin more valuable, but there will come a time when they make bitcoin drops at a price below normal, that's when they take advantage of large purchases of bitcoin, unlike the popular altcoins in the market, they will not be able to reach bitcoin like twice a year.

dezoel

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Quote from: Kemarit on October 31, 2021, 09:57:42 PM

As expectations, we are looking for 6 digits at least. It might be too high of a expectation, but we all know how Bitcoin's bull run it, there's a lot of FOMO and no body can really stop it, not FUD. And what's more if we have a lot of good news next month like Taproot and ETF. So still the future looks bright and let's wait what December will bring to us.

Every four cycle bitcoin gets 10x rising which means we may get into 6 digits this year but I am afraid of what are the consequences of pandemic going to influence into current bitcoin's four year cycle. I mean pandemic and its consequences must be the biggest difference we have right now from the previous four year cycles of bitcoin. Probably people might allocate lesser fund than usual this time for bitcoin investment still considering the new investors (institutions and governments), I guess we may not experience any such differences.

I agree bitcoin Taproot upgrade might be playing a big role how segwit activation played in 2017. We entered into November month still we are trading below to April's ATH. This month must be a crucial one to decide where we are going finish off this year.

TheEconomists

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Quote from: Slow death on October 31, 2021, 06:41:56 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

well the price came to $67000, this is new ATH and about to fall, I think you're wrong, the price is far from falling, as I said in the last post, with this ETF animation the price won't fall anytime soon, we have It is necessary to forget about this possibility so soon, it is enough to see that the price has reached the new ATH but has not yet fallen as much as it did in the past. this is a sign that it will still go up

Well, he has failed to provide any supporting evidence on why Bitcoin price will fall as he claimed in time to come and though no one has made any claim for Bitcoin price not falling but it shouldn't be as he sounds loud in his submission.

Kemarit

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Quote from: Slow death on October 31, 2021, 06:41:56 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

well the price came to $67000, this is new ATH and about to fall, I think you're wrong, the price is far from falling, as I said in the last post, with this ETF animation the price won't fall anytime soon, we have It is necessary to forget about this possibility so soon, it is enough to see that the price has reached the new ATH but has not yet fallen as much as it did in the past. this is a sign that it will still go up

And if you look at Bitcoin's past four cycle history, it's usually in December that we will see the final all time high of the year. So we still have two months to go to gauge how far this bull run will go. As expectations, we are looking for 6 digits at least. It might be too high of a expectation, but we all know how Bitcoin's bull run it, there's a lot of FOMO and no body can really stop it, not FUD. And what's more if we have a lot of good news next month like Taproot and ETF. So still the future looks bright and let's wait what December will bring to us.

24Kt

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Quote from: Slow death on October 31, 2021, 06:41:56 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

well the price came to $67000, this is new ATH and about to fall, I think you're wrong, the price is far from falling, as I said in the last post, with this ETF animation the price won't fall anytime soon, we have It is necessary to forget about this possibility so soon, it is enough to see that the price has reached the new ATH but has not yet fallen as much as it did in the past. this is a sign that it will still go up

The reason why it seems bitcoin is sustaining its price level because the positive news keeps on coming like the first approved btc ETF, and it is rumored, there will be more crypto-related ETFs that will be approved soon. Aside from that, the move of El Salvador to make btc as legal tender seems working. And won't be surprised if other countries will follow their crypto journey. And also, Mastercard announcing that their partner banks may soon add crypto services is also part of good news when it comes to adoption. So high likely that we will see a new ATH before this year ends, possibly in the 70k range.

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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

well the price came to $67000, this is new ATH and about to fall, I think you're wrong, the price is far from falling, as I said in the last post, with this ETF animation the price won't fall anytime soon, we have It is necessary to forget about this possibility so soon, it is enough to see that the price has reached the new ATH but has not yet fallen as much as it did in the past. this is a sign that it will still go up

Bollexz1

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Yes it has, and this utmost performance had cleared many people's doubting bitcoin of hitting 100k by year end. And for altcoins.. They surely will increase too as long as bitcoin stables.

stadus

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Quote from: Kemarit on October 30, 2021, 01:48:30 AM

Quote from: magneto on October 29, 2021, 03:36:48 PM

Bitcoin is the only true store of value imho.

Its first mover advantage in the cryptospace is immense. People are recognising this now and putting money into bitcoin as a safe haven asset when they have made gains in other cryptos.

Definitely watch bitcoin dominance, as I think there is tremendous upside for that index even now.

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

But we never know when the bull run will be over, just ensure a profit and you'll not worry going forward.

The previous bull run that was achieved in the year 2017 was around $20k, now we are trading at $60k that's after almost 4 years of a bearish market, so let's enjoy this moment as when the bearish market will come again, it might be long and that we have to wait for a new bull run to come again.

TheEconomists

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The trust for Bitcoin and crypto currency at large has really increase over the year and the price increase is the evidence that the demand for Bitcoin is higher than the supply which has reflected in it's price in recent time no doubt. From all indication, Bitcoin will still see another ATH before the end of this year and there is no doubt about it.

Silberman

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Quote from: magneto on October 29, 2021, 03:36:48 PM

Bitcoin is the only true store of value imho.

Its first mover advantage in the cryptospace is immense. People are recognising this now and putting money into bitcoin as a safe haven asset when they have made gains in other cryptos.

Definitely watch bitcoin dominance, as I think there is tremendous upside for that index even now.

Correct, even if bitcoin failed on its attempt to becoming a currency used widely all over the world, something that I do not believe it will happen but lets assume it just for the sake of argument, even then bitcoin could become incredibly successful as a store of value, if the majority of investors put 1% of their capital in bitcoin just in case things went wrong that will be more than enough for the price to skyrocket to massive levels.

Kemarit

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Quote from: magneto on October 29, 2021, 03:36:48 PM

Bitcoin is the only true store of value imho.

Its first mover advantage in the cryptospace is immense. People are recognising this now and putting money into bitcoin as a safe haven asset when they have made gains in other cryptos.

Definitely watch bitcoin dominance, as I think there is tremendous upside for that index even now.

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

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Quote from: Fundamentals Of on October 28, 2021, 08:58:05 PM

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.

That is the thing about the increases and decreases. The moment you realize that it doesn't care about what you think about then we are going to make a lot more profit as well. Proudhon is not a bearish person but more like a joking person. He knows that bitcoin will go up, he just doesn't want to admit that because this is a lot more fun.

I seriously believe that he just makes this as a joke and he just talks about how bitcoin will go down because it gets more attention for him and at the same time it is actually a trolling that people like as well. Plus he is acting like this because there are people like that too, so it is serious for some people. Bitcoin will always be bull, sure there will be downs at some times but at the same time it is not going to be recovered and go even higher.

magneto

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Bitcoin is the only true store of value imho.

Its first mover advantage in the cryptospace is immense. People are recognising this now and putting money into bitcoin as a safe haven asset when they have made gains in other cryptos.

Definitely watch bitcoin dominance, as I think there is tremendous upside for that index even now.

Gozie51

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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

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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

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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

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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

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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

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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.

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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.

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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

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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.

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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

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Investors currently only look at Bitcoin without looking at Altcoins, so the effect is increasingly clear that Bitcoin can grow slowly with an increase in price of only a few percent,

Really investor's currently is looking at bitcoin via investment, but before now some investors looks directly to alternative coin's saying that is the best option someone adventure and make an accumulative profit via investment into cryptocurrencies, i can as well seeing bitcoin to give ATH a potential margin and approach since this year in price

Quote from: ?? on ??

but the opposite happened to Altcoins where they all couldn't increase like Bitcoin is now, so this is the real effect on the Altcoins that are now in the market.

When you scrutinized the marketcap of alternative coins it's noticeable that some of them is making a preferential approach, is not that alternative coins are stagnant or adamant in price increment, at least their are making small move but their movement in price can't be compared with bitcoin, besides , from my perspective bitcoin supposed to have more market bond than ATH

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They're also increasing actually but not as high as Bitcoin. This is understandable because the hype at the moment is all about Bitcoin and and not cryptocurrency in general. If you look at the news headlines about crypto, the talks are mainly focused on Bitcoin ETF in the United States. This means to say that people are more focused on Bitcoin and not on altcoins. The ETF for now is only for Bitcoin. But there are strong information that an Ethereum ETF is on the way. So I think this will also bolster Ethereum in the next days or weeks.

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So far this is not the reaction I was looking for. Was expecting to go to $70K at least or if we were to pullback we wouldn’t go below the old ATH price of $65K. The way it’s trading it’s not looking too well. I think if we close below the old ATH on the weekly most likely we will get some sell off when the new weekly candle starts on Sunday.

It’s still possible we might break again however what happened earlier with those nasty flash crashes is not a good sign. Usually when exchanges get these flash crashes it means a pullback is going to come. Look at all the flash crashes we had in the past, most of the time it signaled a local top.

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Quote from: The Cryptovator on October 21, 2021, 12:39:35 PM

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

It might not be surprising for some people but it is really something important or give out that boost of feeling into those situations on where we do see that bitcoin had reached up again a new all time high
and it was done twice of this year which is something that really proves out that bitcoins ATH is something unknown yet because it does vary or depend on the demand itself.
For now lets just cherish and sell out to those who had make out some short trades and people who do decide to hold it for long no matter what.

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Quote from: samcrypto on October 21, 2021, 04:52:34 PM

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.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

It is true that there may be a correction before the Bitcoin price rises even higher, because indeed we cannot expect the price of Bitcoin to continue
to rise until the end of the year without a correction. If we see Bitcoin's price is now down 5% in 24 hours, it means that the correction has started
to occur, after previously Bitcoin managed to reach new ATH. But there is no need to panic if we see the Bitcoin price correction, we should take
advantage of that by buying more Bitcoin if we still have extra money. I expect the closer to the end of the year the Bitcoin price will be more
volatile, then do not be surprised if the price will move up and down significantly. For now, all we can do is be patient holding the Bitcoins we have,
or if it is possible to collect as much Bitcoin as possible. Hopefully the target of $100k can be achieved by the end of this year, then we can generate
large profits.

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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.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

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Reaching the new ATH means we are going to be basically doing something even bigger. Anytime bitcoin breaks the record and reaches a new high it doesn't stop there and keeps going up. I believe that the same thing will happen here as well. It is obvious that we are in a bull run right now, we are going to reach 70k for sure and the 100k price is not looking that unusual right now.

Obviously it is not going to be easy but I believe that we are going to basically be reaching that kind of level if we keep this up. People need to realize that they are not doing something that is normal right now, buying at these levels means that you are at the start of the bull run and will make a lot of profit for sure.

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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.

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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,

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.

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

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.

Most altcoins may not see another new ATH here after as they might get dumped too hard and then might get delisted from exchanges. If you calculate ATH in USD value then some coins may try to satisfy you for the money you wasted with them.

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Quote from: The Cryptovator on October 21, 2021, 12:39:35 PM

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

Wise money went into bitcoin market in the last 24 hours, that's why altcoin didn't follow the trend of bitcoin. I think it's good though, at least investors knows where to put their hard earn money. I'm seeing some minor correction though, just normal that after reaching a new all time high, investors are selling to take profit. But yes, $70k is the next big target and hopefully we can reach it this month because the market is still in the bullish sentiments.

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Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend. I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

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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.

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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.

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Quote from: Davian144 on October 19, 2021, 09:22:28 PM

Quote from: bussybuddy on October 19, 2021, 08:56:03 PM

The way I feel over time, it doesn't seem to be the case when we look back at BTC at this price point.
Maybe time testing for new entrants time has passed, and we should see a new cycle easily identified with this field. And now we are on an uptrend with BTC, I am alone with people who give me advice on BTC falling to $20k.

Have you seen BTC ever drop to $20K this year after finding its first ATH of the year? because what is happening now is the second ATH and I personally have never seen that Bitcoin can experience ATH up to two times within a year, so this is certainly very extraordinary and very real.

The so called "all time high" (ATH) is just a number.This year,the price reached the ATH two times,but what can we say about 2013,when the price went from 16USD to more than 1200USD. Grin

The Bitcoin price was reaching a new ATH every hour for a couple of weeks during the 2013 price bubble.
That's multiple ATHs in a short time frame. Grin

The Bitcoin community wasn't so obsessed with ATHs back then.
Anyway,many people regret that they didn't bought BTC before this bull run,so now they simply wish the price to drop back to 20K USD.The amount of FUD will go thru the roof in the next weeks.

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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.

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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.

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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

I have strong belief since this year that ATH will be keep on broken again and again , when the price Hit 64k and then drops down to below 30k? all i think is that another ATH is coming because of this uncertain movement and i am not wrong because here we are again and in this moving i know another ATH will come before the year ends.
100k? who can say right>? but at least we will break 70k within this October in that i am certain.

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Quote from: bittraffic on October 21, 2021, 02:13:57 AM

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. What do you think this is affected by ? so Altcoin looks very difficult to increase now

I have also noticed that. For over the years of having bullrun and bear market, investors have realized that its BTC will always have value, and altcoins are often going to be inferior especially if you only hold a few.

Some altcoins have not even breached their ATH since 2017, it's just that if an altcoin has POS, most of the holders who stake will sell every now and then the tokens they earned from staking. Even if the altcoins have usecase, they will not gain investors unless they really have the marketing as well.

It only means that alt coin investors is simply moving their funds to btc market now for obvious reasons. And that's what trigger the ATH that we witnessed in the last 24 hours. But then again the same investors will get out of their position for pure profits and maybe reinvest on alt coin market again because they know that it's easy to manipulate alt coin market.

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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. What do you think this is affected by ? so Altcoin looks very difficult to increase now

I have also noticed that. For over the years of having bullrun and bear market, investors have realized that its BTC will always have value, and altcoins are often going to be inferior especially if you only hold a few.

Some altcoins have not even breached their ATH since 2017, it's just that if an altcoin has POS, most of the holders who stake will sell every now and then the tokens they earned from staking. Even if the altcoins have usecase, they will not gain investors unless they really have the marketing as well.

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Quote from: Tytanowy Janusz on October 20, 2021, 11:51:03 AM

People gamble on alts (99% of atcoins are worth 0) when BTC is boring and its hard to trade it. When its stuck in consolidation for weeks.

Furthermore, when Bitcoin do 30% to 60% positively in a few days or couple of weeks, altcoins will drop in BTC values. You can not trade altcoins profitably if you long them.

Quote

There is no need of trading altcoins when btc do +60% in 20 days. People simply trade BTC.

Trade Bitcoin or hold it and try to take profit before you switch to altcoins.

Quote

But as soon as BTC will stop a little money will flow to alts creating new alt seazon. I think that sooner or later alts will reach new ATH and yell better return than BTC. The only next alt seazon killer would be BTC rally stop with -30% red 1 day dildo.

The altcoin season is the last thing to happen in any market wave. After an altcoin season, the market will be corrected and it will need a few months to have a new big season in bull run. In bear market, we will have to wait one to two years to go through a winter season.

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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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

People gamble on alts (99% of atcoins are worth 0) when BTC is boring and its hard to trade it. When its stuck in consolidation for weeks. There is no need of trading altcoins when btc do +60% in 20 days. People simply trade BTC. But as soon as BTC will stop a little money will flow to alts creating new alt seazon. I think that sooner or later alts will reach new ATH and yell better return than BTC. The only next alt seazon killer would be BTC rally stop with -30% red 1 day dildo.

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I wouldn't say that this is something extraordinary. The cryptocurrency market has not really been in a bearish market. The entire year of 2021 is the period of the same bull market, so we should not be talking about two different ATHs. I think Bitcoin is able to reach the new ATH a few more times by the end of the year, but then we will not count every dollar more as a new ATH.

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I think this is the first time when Bitcoin hits the ATH twice, I think it didn't happen before. We still got 2 more months before the year end and it would be a matter of time before Bitcoin would hit a new ATH and go break the $70k. People's anticipation of the SEC approval are bringing the price to what it is today.

Altcoins on the other hand will be doing its part just like what it did in the past since it's just following the trend of Bitcoin but not every altcoins will get pump its price. Speculators of altcoins and Bitcoin are on another level of discussion again when they talk about prices.

Nasuhalugu

member

Activity: 414

Merit: 23

The current market situation is different from the market situation and conditions in 2017. According to my observations, since 2020 until now, the growth of Altcoins seems to no longer follow the increase in the price of Bitcoin, but when Bitcoin falls in price, Altcoins follow it. The reason why, until now we are still studying.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Well probably it's not surprising that its happening this year wherein there's a 2x all time high. because infact we all knows there's a lot of good news about bitcoin as well, so this is normal, and its not yet done because we still have couple of months before this year end and for sure there's still a chance for bitcoin to surge more if it didn't show a negative results..

OcTradism

hero member

Activity: 1722

Merit: 801

Bitcoin has its new all time high for daily close price. The new all time high is coming but it won't have to happen this week, this month or this year. It can happen anytime, this year or next year. You only need patience and wait for it.

If you believe in Stock to flow model and history of RSI, Bitcoin will have a new all time high.

coinzzzpro

member

Activity: 644

Merit: 10

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

When Bitcoin is stable, then alcoins grow. this year I expect BTC = $140,000 by the end of the year. This will be the last rally, the final stage of growth, it is important to have time to earn on this market.

Davian144

hero member

Activity: 2576

Merit: 579

Quote from: bussybuddy on October 19, 2021, 08:56:03 PM

The way I feel over time, it doesn't seem to be the case when we look back at BTC at this price point.
Maybe time testing for new entrants time has passed, and we should see a new cycle easily identified with this field. And now we are on an uptrend with BTC, I am alone with people who give me advice on BTC falling to $20k.

Have you seen BTC ever drop to $20K this year after finding its first ATH of the year? because what is happening now is the second ATH and I personally have never seen that Bitcoin can experience ATH up to two times within a year, so this is certainly very extraordinary and very real.

bussybuddy

full member

Activity: 1204

Merit: 105

PredX - AI-Powered Prediction Market

The way I feel over time, it doesn't seem to be the case when we look back at BTC at this price point.
Maybe time testing for new entrants time has passed, and we should see a new cycle easily identified with this field. And now we are on an uptrend with BTC, I am alone with people who give me advice on BTC falling to $20k.

Davian144

hero member

Activity: 2576

Merit: 579

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

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