BTC reached ATH 62K - are we on another milestone, 100K?

ice098

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Quote from: AliMan on April 22, 2021, 06:01:19 AM

As interest creates more speculations, bitcoin price on latest updates didn't went good as everybody expected to happen. That $100k predictions might take us towards challenging journey, and for me it's not easy to fulfill because corrections always trying to hinder those potential pumps.
More traders can't control their fears, that's why they tend to follow what they're about to see on recent market changes and movements.

Well at some point those speculations have helped bitcoin to be more known by many people, those who haven't any idea or even heard about bitcoin got to know bitcoin because of the promotions, or even tweets of those known personality in the world like Musk. However, what the current market price of bitcoin today doesn't justify what we had expecting about the possible effects of those speculations. Now, bitcoin are being under some price corrections and from the last high price of $64k now it is goes down into $55k.

AliMan

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Quote from: DarkDays on April 13, 2021, 04:12:16 AM

Many of you might have already received the alerts that BITCOIN has reach yet another ATH

~snip~
We have seen many cooperations looking at BTC as an asset and investing in it, what started as a Tesla support for crypto rolled over into VISA and PayPal. Clearly,

BTC is receiving more and more interest day by day.

What do you think will be next for BTC? Some people say it could reach 100K, what do you think?

As interest creates more speculations, bitcoin price on latest updates didn't went good as everybody expected to happen. That $100k predictions might take us towards challenging journey, and for me it's not easy to fulfill because corrections always trying to hinder those potential pumps.
More traders can't control their fears, that's why they tend to follow what they're about to see on recent market changes and movements.

Oasisman

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Quote from: cryptomaniac_xxx on April 22, 2021, 04:19:16 AM

Quote from: Rehan Zakir on April 18, 2021, 01:53:48 AM

And after 62000$ we see a 64500$ ATH record of Bitcoin price. We can easily see Bitcoin price 100,000$ in near future. But today we have seen a big dump of 10000$ in Bitcoin price. And Bitcoin price reaches upto 51000$. This major correction can boost the whalers confident and a again big pump is coming.

Hmm, not to fast bud, we are now nearing $52k again. I thought that the negative news is over but it seems that the bitcoin market is taking a huge hit and probably there are investors who moves to altcoin, specially dogecoin who have been skyrocketing. In any case though, I still believed that we can achieved $100k at the end of the year. We might go on several corrections again, but in the last quarter it will be a blast.

Some are putting money to hype alts but that doesn't mean they're selling Btc for it. Nope, I won't personally do that, that ain't a smart move.
Look, Btc is moving sideways without even drawing closer to the strong support. This is just some traders activities going on, we're still in a bull market. Institutions and big companies aint done yet.
One thing I agree with your statement is that we're going to see a 6 digit figure before 2021 ends.
We're still in the early 2nd quarter of the year, and a lot of things happened, Btc growing rapidly, investors and Btc adoption is growing each and everyday.

ultrloa

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Quote from: cryptomaniac_xxx on April 22, 2021, 04:19:16 AM

Quote from: Rehan Zakir on April 18, 2021, 01:53:48 AM

And after 62000$ we see a 64500$ ATH record of Bitcoin price. We can easily see Bitcoin price 100,000$ in near future. But today we have seen a big dump of 10000$ in Bitcoin price. And Bitcoin price reaches upto 51000$. This major correction can boost the whalers confident and a again big pump is coming.

Hmm, not to fast bud, we are now nearing $52k again. I thought that the negative news is over but it seems that the bitcoin market is taking a huge hit and probably there are investors who moves to altcoin, specially dogecoin who have been skyrocketing. In any case though, I still believed that we can achieved $100k at the end of the year. We might go on several corrections again, but in the last quarter it will be a blast.

We cannot say that they are moving on Dogecoin since the price of the said coin is also declining, maybe whales are now at idle state waiting to see some good actions before they enter again. The bitcoin dominance is still at 50% which is good indicator that bitcoin is at calm state.

For sure we can see a good movements when traders will focus on bitcoin again.

We provably might see more correction as the still at fear for seeing the price of bitcoin keep dumping.

cryptomaniac_xxx

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Quote from: Rehan Zakir on April 18, 2021, 01:53:48 AM

And after 62000$ we see a 64500$ ATH record of Bitcoin price. We can easily see Bitcoin price 100,000$ in near future. But today we have seen a big dump of 10000$ in Bitcoin price. And Bitcoin price reaches upto 51000$. This major correction can boost the whalers confident and a again big pump is coming.

Hmm, not to fast bud, we are now nearing $52k again. I thought that the negative news is over but it seems that the bitcoin market is taking a huge hit and probably there are investors who moves to altcoin, specially dogecoin who have been skyrocketing. In any case though, I still believed that we can achieved $100k at the end of the year. We might go on several corrections again, but in the last quarter it will be a blast.

Yaunfitda

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Quote from: Stedsm on April 17, 2021, 04:17:56 PM

Quote from: Fatunad on April 17, 2021, 04:00:22 PM

Nope, its just a minor thing that could be possibly point out to be the reason but telling if its one then possible but currently the hype is circling around in Altcoins which
--snip--

A minor thing? You're calling the ban a minor thing or the dominance part? Both are in no sense, a minor thing because the dominance of BTC clearly indicates how strong/weak BTC is during that time and about altcoins, the alt run didn't even start yet as the game will begin once BTC.D gets under 50 level.

I will surmise that he is referring to the supposedly Turkey ban and not the dominance part. Even we have been hearing India as well putting a banning on bitcoin again, and yet the price is not that affected. The current flash crash could have been attributed to the fire or explosion in one province in China that holds a lot of mining activities. Price at $55k today, still very far from the $70k that we should all been expecting by now.

wiss19

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Quote from: forestx on April 17, 2021, 08:34:46 AM

I am also hoping for a repear cycle for me to actually make FU money
I haven't done much investing this year just waiting on BTC. I am hoping for 100K but I want to get out as close to the cycle top I can and wait 2 years to rebuy Thats the plan anyhow

That's all we want, if we can get that money we would be either in bitcoin or out of bitcoin but in the end we will be at the FU stage and can do whatever we want. I am planning on getting to an amount where I can do that, take out some bitcoins to handle everything in my regular life, unfortunately health is a problem for me but so far I had no problem paying them all, but I want to have enough saved aside for anything future as well, with all of that in mind if I have that money saved aside, I would be basically capable of keeping the rest in bitcoin as an investment as well and do whatever I want.

This is why I keep investing into bitcoin, and I hope one day it reaches 500k, it doesn't have to be today, I know it may take 10 even 20 years, and I am fine with that, I am still young so I can wait that long, but when it happens it will be the best day of my life.

Rehan Zakir

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And after 62000$ we see a 64500$ ATH record of Bitcoin price. We can easily see Bitcoin price 100,000$ in near future. But today we have seen a big dump of 10000$ in Bitcoin price. And Bitcoin price reaches upto 51000$. This major correction can boost the whalers confident and a again big pump is coming.

Stedsm

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Quote from: Fatunad on April 17, 2021, 04:00:22 PM

Nope, its just a minor thing that could be possibly point out to be the reason but telling if its one then possible but currently the hype is circling around in Altcoins which
--snip--

A minor thing? You're calling the ban a minor thing or the dominance part? Both are in no sense, a minor thing because the dominance of BTC clearly indicates how strong/weak BTC is during that time and about altcoins, the alt run didn't even start yet as the game will begin once BTC.D gets under 50 level.

tippytoes

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Quote from: Natsuu on April 17, 2021, 01:30:08 PM

I'm thinking that it can reach up to 80k as long as the pandemic continues.

Pandemic has been the partner in crime of BTC, so as long as pandemic runs, BTC will rise.

I don't know the reasons, but it is what it is.

Because people are trying to get on in crypto in these challenging times. Some newcomers believe they can get good profits in crypto while this pandemic is still not over. But it will be long before this covid will be totally contained. Right now, crypto is still on the rise because as people look for alternative investments or alternative payment method, crypto is one of the good candidates in these categories. Whether they want for investments or payment method, crypto is one of the best choices out there. So I believe, a new ATH is yet to be seen in the next coming months.

Fatunad

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Quote from: Stedsm on April 17, 2021, 03:08:21 PM

While it's all being seen as good for BTC, you should also bear in mind that the dominance of BTC is near its major support line around 52 and if it drops down under 50, there's no chance BTC will get even above $70k until the dominance sets itself over 65 which doesn't seem quite easily possible as one whole country Turkey has revoked its citizens from using cryptocurrencies as a mode of payment and has banned it.

Nope, its just a minor thing that could be possibly point out to be the reason but telling if its one then possible but currently the hype is circling around in Altcoins which
there's no doubt that dominance is really somewhat on the flipping side but doesnt mean that this will be a main indication for bitcoins price dependent but it is actually
one of the factors that you should look upon but when altcoin hype is over specially with ETH which totaled in 12.5% dominance then it would really be going
back into its normal dominance level but lets hope that this wont really be continuing even more.

Stedsm

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While it's all being seen as good for BTC, you should also bear in mind that the dominance of BTC is near its major support line around 52 and if it drops down under 50, there's no chance BTC will get even above $70k until the dominance sets itself over 65 which doesn't seem quite easily possible as one whole country Turkey has revoked its citizens from using cryptocurrencies as a mode of payment and has banned it.

LUCKMCFLY

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Many are betting that Coinbase's Coin price on Wall Street is correcting, it is speculated that for now that is the reason why bitcoin is falling below $ 60k, however some believe that the price could range between $50k- $80 k, personally i don't think a bearish trend will develop.

According to the ananalist Clark believes:

Quote

"50k and 80k strikes highest contract/notional for $BTC I think these writers will be happy and I am still in the same opinion that the end of April - May begins the shift that makes Bitcoin a less favorable long. No breakout, just range and rotation."

Source: https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price

Natsuu

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I'm thinking that it can reach up to 80k as long as the pandemic continues.

Pandemic has been the partner in crime of BTC, so as long as pandemic runs, BTC will rise.

I don't know the reasons, but it is what it is.

wxa7115

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Quote from: mediaBuzz on April 13, 2021, 04:48:59 AM

$70K this month, $200K this year. No whale with at least $1M worth BTC won't be selling their bag at this moment because bitcoin has not got even close to the limit of its potential. Regarding institutional investments, they keep getting involved. A slight drop will cause a bigger rise as tons of people are waiting for any dip to buy.

One of the things that people have forgotten is that the price is yet to go completely crazy, the growth that we have seen has been steady without irrational pumps and the price has increased because we have a nice an even demand.

But what it is going to happen once people realize that the rice of bitcoin not only it gas a very high price but that has grown many more times than the stock market, inflation, gold and almost any other asset around the world? The demand will explode and with the supply on exchanges at the lowest levels we have seen in years this is going to produce explosive growth most likely at the end of the year.

Silberman

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Quote from: bitgolden on April 15, 2021, 01:50:40 PM

Quote from: btc_angela on April 15, 2021, 08:58:28 AM

Definitely, bitcoin's fundamentals has change a lot from the last bull cycle, so this massive run will continue and maybe we won't see or at least the 4 year cycle might not be applicable in this rally.

This bull run will continue; okay, but after that no one will book profits? I am sure not all buyers are not long term holders. Definitely they will prefer to see quick profits rather than holding for years and waiting for another halving to happen. So, there are less possibilities for this cycle to be different from the previous ones. I guess there could be some minor changes but definitely most institutions will pull back their funds so that they will not be late on booking profits. So, bitcoin's cycle will happen as usual.

This is not going to be as easy for those institutional investors, they have invested too much money in bitcoin and if they decide to sell all of their bitcoin stash then it is doubtful there is going to be enough volume so they can sell all of those coins, this is a problem that people like you and I do not have but that whales have all the time, this is why I do not think those institutional investors came to the market just to obtain some small profits and they are here to keep their coins for the long term.

kpierce77

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Quote from: mrjoy15 on April 17, 2021, 09:08:40 AM

Quote from: acener on April 17, 2021, 06:06:30 AM

Only less than $40K and we would reach it,

Bitcoin could hit 100K by the end of the year as per as popular predictions. If people are willing to give 100K, market cap will grow proportionally. Just keep calm and watch.

From a very positive trend as well as high demand, I believe that $100k will be reached sooner than we expected. starting with a coinbase that is already listed on the Nasdaq and has a high market cap for an exchange. This means that crypto is increasingly becoming a more trusted investment, and there may be many more large payment gateway companies that will adopt bitcoin or at least accept bitcoin as one of their payment options.

I think that in Q3 of this year, we could start to see bitcoin's quite massive increase towards $100k. and perhaps even more veteran investors will join crypto

mrjoy15

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Quote from: acener on April 17, 2021, 06:06:30 AM

Only less than $40K and we would reach it,

Bitcoin could hit 100K by the end of the year as per as popular predictions. If people are willing to give 100K, market cap will grow proportionally. Just keep calm and watch.

Quote from: acener on April 17, 2021, 06:06:30 AM

For me it is better that way than to repeat what happens in 2017-2018 when it reach so high and falls down too deep.

I guess, nothing at al going to happen this time since we have good support.

forestx

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I am also hoping for a repear cycle for me to actually make FU money
I haven't done much investing this year just waiting on BTC. I am hoping for 100K but I want to get out as close to the cycle top I can and wait 2 years to rebuy Thats the plan anyhow

acener

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Only less than $40K and we would reach it,
Just take it easy and for sure we would get there someday we don't need to rush it.
Who knows if it could get there this year or maybe next or a couple of years later.
For me it is better that way than to repeat what happens in 2017-2018 when it reach so high and falls down too deep.

Topic: BTC reached ATH 62K - are we on another milestone, 100K? (Read 592 times)