Is $65,000 the peak of this bull market? - page 5.

MCobian

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Quote from: Kong Hey Pakboy on May 27, 2021, 12:25:09 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.

bakasabo

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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.

7788bitcoin

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Quote from: LUCKMCFLY on May 26, 2021, 11:50:03 PM

There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:

In the grand scheme of things these strong market is just an indication of the high market valuation it could reach but that does not mean that we will see these higher valuation particularly in this rally. I am bullish in Bitcoin as well in the long run and i wont be surprised if we already saw the all time high valuation for this rally but i would like to see one last rally before the major correction.

Kong Hey Pakboy

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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.

LUCKMCFLY

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There are very strong reasons to think that BTC will not stay here in its last ATH, according to analyst WOO he has high hopes, he even speaks that BTC the bullish trend is still beginning, that this is nothing compared to what it was in 2017:

Quote

“A key to reading this chart is to know that BTC user count has roughly doubled every year since inception a dozen years ago. So the 2021 peak is expected to end at levels MUCH higher than the 2017 peak. Under this trend, we are just warming up.”

Source: https://dailyhodl.com/2021/05/26/bitcoin-bull-market-just-warming-up-says-on-chain-analyst-willy-woo-heres-why/

Many investors predict that BTC will reach minimum points, but I am fully convinced that this will not be the case, normally when a single option is predicted a lot, the opposite happens, and I think that with what Woo says plus what PlanB says is enough , I trust the S2F a lot more.

Oceat

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Quote from: Dr.Osh on May 25, 2021, 01:49:14 AM

so far, it can be concluded. however, the current price has dropped and is below $ 40k. If there is an increase in price, I think it will be quite difficult for bitcoin prices to go up to $ 65k again, especially if there is no support. however, we don't know what developments are ahead, but if the price returns to pump quickly, it looks like there will be a new ATH this year.

Looking at the price is still high enough compared to the price last year and speaking of pumping from $35k to $65k will take a few weeks if there are large institutional investors going to join the market. If you have noticed how fast the price pump from December to January then straight to February I guess you won't need an explanation. All we need is a good news and a FOMO will do the rest of the work.

For now, Bitcoin is still lurking at the $30+ levels and nowhere near going to dump or pump to another level. FOMO or FUD will going to tell where the market is headed. So let's hope it's a good news since I'm still very bullish.

STT

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All that bad news and yet it was still a relatively simple pullback. By some measures it exceeded the 200 day average but by using main market charts which only include a 5 day week the price fell almost exact down to the big moving average most commonly followed. The most simple and widely followed indicator, to pull back there is quite normal then yet there was a stack of bad news that occurred with that so my idea of weighing it up is that a proper negative would have pushed us further. That might yet come but so far its not down much past profit taking. I already expected that some time this year as patience always wears thin and hot money will move onto the next big trade.
Cooling and reheating is not especially a demonstration of weakness in the market is my take, sounds alot like how they make steel and thats how I view most action a necessary process to forge price action hence a new high remains possible. The biggest clue would be ongoing monetary policy etc. DXY remains low.

lixer

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Quote from: famososMuertos on May 24, 2021, 07:43:50 PM

The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.

I think there was a lot of long futures that got screwed over in the drop and that will get higher and higher and that would mean that short futures would be doing something insane, there are TONS OF short futures and only a few long futures because of this difference and rules of arbitrage says that if you do have a long future right now that means you are going to earn way more than you normally would.

Basically you are betting 1 dollar and other side is betting 100 dollars, obviously they have a better chance but they are also risking so much more. That is why I think it is going to be quite fun to watch the price go up because everyone will be focusing on that. We even started already, and that 50k+ will come as well.

Dr.Osh

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so far, it can be concluded. however, the current price has dropped and is below $ 40k. If there is an increase in price, I think it will be quite difficult for bitcoin prices to go up to $ 65k again, especially if there is no support. however, we don't know what developments are ahead, but if the price returns to pump quickly, it looks like there will be a new ATH this year.

famososMuertos

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The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.

Bagaji

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Quote from: Beparanf on May 24, 2021, 02:32:00 PM

Quote from: Marvelman on May 24, 2021, 02:18:51 PM

Quote from: ?? on ??

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.

It's too early to tell that the bulls is already winning. We are currently below 40K level which is a very crucial price for bulls since the price can close above that level since the dip occur. I'm not negative about Bitcoin but it feels like somethings gonna happened considering how slow the market recovers.

How fast do you want the market to recover than the way is doing currently. Etha was below $2k as at yesterday and now as at the time of this post is trading around $2,600 and same margin with Bitcoin. How fast do you want the market to recover. And by tomorrow hopefully we should be talking about Bitcoin above $40k.

rhodelmabanal

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Quote from: decodx on May 23, 2021, 06:00:48 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 don't think so i am open with another peak I believe that 65k$ is not the final peak and in the few days from this moment there will be another rising of the price an the final peak will maybe occur by that time year 2021 has a good start of crypto market and i believe that it has also a good end so I'm waiting for the next higher peak than 65k.

Beparanf

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Quote from: Marvelman on May 24, 2021, 02:18:51 PM

Quote from: ?? on ??

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.

It's too early to tell that the bulls is already winning. We are currently below 40K level which is a very crucial price for bulls since the price can close above that level since the dip occur. I'm not negative about Bitcoin but it feels like somethings gonna happened considering how slow the market recovers.

Fredomago

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Quote from: globalpain on May 24, 2021, 07:57:55 AM

Quote from: decodx on May 23, 2021, 06:00:48 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?

$ 65k is not the peak of Bitcoin price this year, there will still be another peak after this correction,
yes, from the history of Bitcoin price, bitcoin price can be corrected up to 50% more to be able to continue its trend,
this is what makes crypto currency special, high volatility makes investors and traders like to play here, don't get lost, and learn technical analysis.

You needed to have deeper understanding and willingness to gamble with fate, it's not the peak as we are still in this early quarter of the year, there are many possibilities that may happened.

If you are willing to take your place better to start now and have a better benefits once the market bounced back and bring another bullish momentum.

It's your decision to make from how you percepts the outcome of your investment, invest wisely..

Marvelman

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Quote from: ?? on ??

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.

proudhon

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Quote from: decodx on May 24, 2021, 05:12:48 AM

Quote from: proudhon on May 23, 2021, 06:44:24 PM

Quote from: decodx on May 23, 2021, 06:00:48 AM

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

Yes. Bitcoin will never make another ATH.

Why do you feel that way?

I studied the math and science of bitcoin and confirmed news sources.

Quote

Is there anything different about Bitcoin today compared to previous years when it reached new ATHs with each new bull run?

Yes. Now more people are aware that bitcoin has failed.

globalpain

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Quote from: decodx on May 23, 2021, 06:00:48 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?

$ 65k is not the peak of Bitcoin price this year, there will still be another peak after this correction,
yes, from the history of Bitcoin price, bitcoin price can be corrected up to 50% more to be able to continue its trend,
this is what makes crypto currency special, high volatility makes investors and traders like to play here, don't get lost, and learn technical analysis.

decodx

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Quote from: peter0425 on May 24, 2021, 05:34:07 AM

Quote from: decodx on May 23, 2021, 06:00:48 AM

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

But Bitcoin did not even meet that 65,000$ mate so meaning either bitcoin is not finish yet or that 64k is the peak.

All Time High
Apr 14, 2021 (a month ago) $64,863.10
https://coinmarketcap.com/currencies/bitcoin/

It came pretty close to $65 k so I rounded it up to a closer value.

chikading2016

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Quote from: Kittygalore on May 24, 2021, 06:38:47 AM

Quote from: hatshepsut93 on May 23, 2021, 12:25:20 PM

Very high chance that yes. There isn't much hype about Bitcoin, there hasn't been any major positive news for a long time, only FUD. No new big institutions have publicly announced that they bought BTC or plan to adopt it, which was the main drive behind this bull run. Bears are dumping more coins than bulls can buy.

I think that it is already confirmed that it is the peak of the bull run since a lot seems to agree that we have reached the bear market right now. I guess we will just have to wait for it and see what happens next, the market doesn't have any way to go but up in the future.

Well many people really says that 65k$ is the peak of the bullrun and believe that bullrun really ends but for me the end is far from now. The market is dumping but i still believe in the next few days bitcoin will still rise up and it's price may continue to rise just like from the past after the dip there is always a rising of the price so I am not afraid of it.

Oasisman

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Quote from: Distinctin on May 24, 2021, 06:08:24 AM

Quote from: decodx on May 23, 2021, 06:00:48 AM

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

$20k is possible, $10k is unlikely.

Everything is possible. When the whales decides to dump, Bitcoin will most likely to fall below $10,000.
Though I also believe Btc hasn't peaked yet this year. I'm still not lossing hope on seeing a 6 digit figure Btc price.
We're still in the 2nd quarter, and there are still a lot of price actions that's going to happen.
Elon might be back with his another gimmick to hype up Bitcoin or other shitcoins.

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