Is $65,000 the peak of this bull market? - page 4.

MCobian

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Quote from: Kong Hey Pakboy on May 28, 2021, 05:51:46 AM

Quote from: MCobian on May 27, 2021, 04:29:57 AM

Quote from: Kong Hey Pakboy on May 27, 2021, 01:25:09 AM

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

It is true that the price of $ 65k is the peak price for now, we can't predict the future. Therefore there is still a possibility that this year Bitcoin could
rise higher than the price of $ 65k, because Bitcoin movements are unpredictable. Actually we don't have to worry whether the price of $ 65k is
already the peak price or not, the most important thing is that we continue to collect as much Bitcoin as possible. So when Bitcoin manages to
go higher, the profit we generate is getting bigger. Therefore we really have to prepare everything before that happens, but even if Bitcoin fails
to climb higher, there's no need to panic. Because someday Bitcoin will definitely be able to rise above the price of $ 65k.

That's right, we still have 7 months left to see if 65k USD is the peak of bitcoin for this year and my only advice is to just sleep away and let all of this go by and we will be surprised that the prices have gone much higher when we least expect it from happening. @Mcobian is right, be prepared for what is going to happen in the future, it will be uncertain but you might want to bet on the fact that the prices will go much higher than 65k.

Thank you for having the same opinion as me, because most people are usually pessimistic about the current market conditions. Even though
there is still plenty of time for Bitcoin to recover to a price of $ 65k, we should not think negatively about the price of Bitcoin that has not
recovered. Make the moment now to be able to buy more Bitcoin at a low price, it is possible that within a few months from now the Bitcoin price
could rise above $ 65k. If we believe in Bitcoin, I believe we will have a pleasant surprise.

Fredomago

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Quote from: judaspriest on May 28, 2021, 01:12:00 PM

Quote from: decodx on May 23, 2021, 07:00:48 AM

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

yes I still believe $ 65k will be reached in the next few months, and I believe this is a bear trap that has been planned by whales,
because there are already many people who want $ 25k, of course this will make the market situation uncertain, so be wise in opening positions ,
if you already bought bitcoins when the dump happened at $ 30k then I guarantee you will win

If you planned to hold for long term investment then it's for real, buying at that level gives you all the edge in terms of gaining profits.

You just need to continue working on it and not to fall in any bear trapped we might see more dump as the situation still uncertain, pressures from big bag holders are tough to assess.

They can pull the triggered and see more deep, be positive and look for the future benefits, it will help to continue trusting this asset.

judaspriest

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C O M B O

Quote from: decodx on May 23, 2021, 07:00:48 AM

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

yes I still believe $ 65k will be reached in the next few months, and I believe this is a bear trap that has been planned by whales,
because there are already many people who want $ 25k, of course this will make the market situation uncertain, so be wise in opening positions ,
if you already bought bitcoins when the dump happened at $ 30k then I guarantee you will win

Ararbermas

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Quote from: Kong Hey Pakboy on May 27, 2021, 01:25:09 AM

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

bitcoin has a good technology and very promising than other cyrpto currency in the market wherein even it fell so many time it will always recover and makes all time high value.. In fact this situation is not the most worst in bitcoin history if we will compare this to some manipulation way back 2017.. So we don't need to act like a kid wherein in just a simple story telling we will believe.. Lol too good to be true because bitcoin still stronger than before..

maydna

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Quote from: rahmatrf331 on May 28, 2021, 12:58:23 AM

The marketing concept never changes at any time. as an investment player must know the concept, when there are many sellers and no one is interested in buying, automatically the market price will fall and we are a lot of buyers and BTC is not able to be available, then the market price will rise.

it will be like yesterday where BTC was at its maximum and there was less interest from buyers, so the price fell to $ 35k.

But don't forget that the news that release on the market can affect the market and push the price to the high or low price. I am sure many people are interested in buying and selling bitcoin, and the bitcoin will always be available. But sometimes, the whales or big institutions can hold the price not to increase or decrease to the price they want.

That is what happens to the bitcoin price now. We already saw the price reach $41k, but then the price is down and even now, the price reaches $36k-37k.

Kong Hey Pakboy

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Quote from: MCobian on May 27, 2021, 04:29:57 AM

Quote from: Kong Hey Pakboy on May 27, 2021, 01:25:09 AM

As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

It is true that the price of $ 65k is the peak price for now, we can't predict the future. Therefore there is still a possibility that this year Bitcoin could
rise higher than the price of $ 65k, because Bitcoin movements are unpredictable. Actually we don't have to worry whether the price of $ 65k is
already the peak price or not, the most important thing is that we continue to collect as much Bitcoin as possible. So when Bitcoin manages to
go higher, the profit we generate is getting bigger. Therefore we really have to prepare everything before that happens, but even if Bitcoin fails
to climb higher, there's no need to panic. Because someday Bitcoin will definitely be able to rise above the price of $ 65k.

That's right, we still have 7 months left to see if 65k USD is the peak of bitcoin for this year and my only advice is to just sleep away and let all of this go by and we will be surprised that the prices have gone much higher when we least expect it from happening. @Mcobian is right, be prepared for what is going to happen in the future, it will be uncertain but you might want to bet on the fact that the prices will go much higher than 65k.

Lorence.xD

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For now, this is considered the peak since we don't know how high will it go. Remember that back in 2018, they also thought the same thing but 3 years later, we haven't touched that prices for about 5 months now.

pilosopotasyo

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Quote from: decodx on May 23, 2021, 07:00:48 AM

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

I hope it's not it's too early to tell, yes the market is struggling right now but we are just in the fifth month of this year, we are in a struggling period but things will be better when we hit the third quarter I still support the belief that Bitcoin will reach $100k this year, I hope for a long bull trend, we've had a long bear we should have a long bull too.

adaseb

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I think the peak will be around the peak of the stock market. The stock market should peak when Covid is behind us. Which seems like in the next 2-3 months or so. No more stimulus and everything returning to normal. The issue is that Biden wants more and more trillion dollar stimulus even after covid is said and done.

So this rally could continue for years however at a much slower pace and BTC could also follow. However if the volatility of BTC is low most people will probably sell it and leave. Too many impatient people out there in stocks and crypto these days. GME is mooning again but I am pretty sure many already sold earlier because it looked like it was going nowhere and now it might break the ATH again and go to like $1000 or $2000 and bankrupt more Hedge funds.

rahmatrf331

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https://i.imgur.com/3fXQC4m.png

Quote from: Hamphser on May 27, 2021, 05:59:07 PM

Quote from: Marvelman on May 27, 2021, 04:10:20 PM

Quote from: bakasabo on May 27, 2021, 03:43:57 AM

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

The marketing concept never changes at any time. as an investment player must know the concept, when there are many sellers and no one is interested in buying, automatically the market price will fall and we are a lot of buyers and BTC is not able to be available, then the market price will rise.

it will be like yesterday where BTC was at its maximum and there was less interest from buyers, so the price fell to $ 35k.

Dave1

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Quote from: Marvelman on May 27, 2021, 04:10:20 PM

Quote from: bakasabo on May 27, 2021, 03:43:57 AM

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

True but as a market that is very volatile, it might not hold for a long time. Just like what we are seeing, we will jump to $40k then gets rejected. So I will assume that there are traders shorting bitcoin at this bearish trend. That's why the accumulation period doesn't work until you buy when the price goes down hold and don't trade.

There are even some TA that we are forming a double top similar to 2013, so it might take some time for the market to bounce back, but there's a big chance that we haven't seen the peak yet, at least in 2021.

lepbagong

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Quote from: Hamphser on May 27, 2021, 05:59:07 PM

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

all will not know later and then about the behavior of the market and what you say is true, but we can predict from the habits that have been experienced even though it does not guarantee the truth. at least there is a handle to be able to analyze the outline.

but $65K does not mean the peak of bitcoin at this time, if it will happen from the experience of 2018 at the beginning of the year there will be a correction and cannot move to go up again and this did not happen this year. so this can be said is, there is another side that makes bitcoin experiencing a very deep correction. maybe it can be from @elonmusk or also the bitcoin ban in china where it happens at the same time.

thus causing panic from investors who are afraid of losses, by taking steps that the market accepts that there is doubt about bitcoin, resulting in the correction. but we do not believe that the correction will last long and bitcoin will come back again as the forecast was clearly visible from the beginning of the year. we are waiting patiently for the market to turn around well again.

Slow death

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if you want to see another ATH you just have to convince elon musk to buy more bitcoins and invite his billionaire friends to buy bitcoin and tweet about the advantages of bitcoin. leaving joke aside. this question of price is something very complicated to predict, many people have made a lot of profit and probably if the price is not increasing then people will be selling, this constant selling pressure will make the price not increase much and fluctuate in some regions

Quote from: Hamphser on May 27, 2021, 05:59:07 PM

No one really knows and this is how the market works or behaves.

Tom Lee predicted that the price will reach $ 100,000 this year ... I still think it is exaggerated, but there are so many people with optimistic forecasts that now it seems that everyone has crystal balls

Hamphser

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Quote from: Marvelman on May 27, 2021, 04:10:20 PM

Quote from: bakasabo on May 27, 2021, 03:43:57 AM

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

Simple supply and demand law. Pretty basic but majority of us doesnt really know on how to look up for opportunity to buyback but rather selling out on panic which does have thought that the market will die.lol

When we do talk about peak price then this isnt something that people should give out precise numbers because its not really that possible to know on what would happen in the future.

65k might be the peak or we would stay down for a while and then break those resistance in upcoming years or months to come. No one really knows and this is how the market works or behaves.

Marvelman

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Quote from: bakasabo on May 27, 2021, 03:43:57 AM

Just wait for few years and Bitcoin will enter another "growing cycle". This year you wont see any significant growth anymore. Everyone are now in accumulative stage. Dont worry much if you have bought Bitcoin way more expensive than it is now. Just check drops in 2016 and 2018 and recovery in 2017 and 2020. Hold, relax, or trade if you know how to do it right.

As everyone is now in the accumulation stage, does that mean the price will then rise gradually? This is what supply and demand dictate: prices increase with demand.

xSkylarx

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It is too early to tell if bitcoin has already reached its peak this year. We are just in the middle of 2nd quarter now and it already reached that $65k ATH few weeks ago so there is still a lot more stuff going to happen this year. Most often bitcoin and other cryptos pump hard during the 4th quarter especially during November and December but it is still hard to predict if this will happen again because crypto is very volatile. It could pump before those months like reach the speculation of $100k per bitcoin then dump before the year ends.

Obito

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There's still a lot of time this year so I wouldn't worry too much that 65k is the highest price of the market for this year, the prices are already recovering and we might be seeing a big pump in the next coming months, who knows what's going to happen next, let's just watch and be there to bear witness when something big happens.

LogitechMouse

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Quote from: decodx on May 23, 2021, 07:00:48 AM

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

$65,000 might be the peak of this current bull market or it might not be

.

The market right now is down at least half because of what happened this past few weeks. Elon Musk tweets and add also the fact that the whales manipulated the market buy just simply buying it while it is going down and then sold it immediately to further push it downwards.

I think that the short correction is over and we are right now in the recovery phase. As for me, I don't think that $65,000 is the peak of the bull market and I believe that we might see even higher price before the end of the year. Most optimistic prediction for me is $100,000 by the end of the year

.

Reatim

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Quote from: decodx on May 23, 2021, 07:00:48 AM

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Bitcoin already take 40,000$ value in the last 24 hours and i think this is a good step for the new climb.

Hitting another ATH maybe take some time again but for the whole year? yeah that will be the next step.

Quote

Do you think $65,000 represents the peak of the current bull market?

Nope , if you are talking about Peak for the whole year of 2021 because the 64,000 and not 65,k peak of ATH is just a middle of the growth this year and for me 100k is the true maximum level.

michellee

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After reaching $40k, the bitcoin price back to the lower price at $37k and I guess that situations will be like this for some time. We need to modify our strategies if we still want to trade because, at this moment, bitcoin price is hard to predict and we might miss something if we do not analyze for more. Bitcoin can increase more than the price now, but it seems bitcoin needs more support so the price can break $42k and still grow. But I am still sure that bitcoin will rise at the right time and will give us a surprise later.

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