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Topic: It seems we are going to break ATH soon (Read 526 times)

full member
Activity: 532
Merit: 229
November 02, 2024, 04:21:19 AM
#56
I found this news funny because the price is currently rising because people are confident that Trump will win and that this could do good things for bitcoin. But if Trump loses, the price of bitcoin will fall a lot. You don't need a crystal ball to predict this. Now the question is, if Trump loses and the price falls a lot, when will we see the price break $74,000?
The US election will have a huge impact on the price of Bitcoin, according to many major Bitcoin experts and research, if Trump wins, it will pump up the price of Bitcoin, and if Trump loses, it could have a negative impact on Bitcoin. According to all Bitcoin experts, Trump's victory is necessary for Bitcoin's positive movement.

Either way, I'll continue to hold until the price reaches $150,000 to $210,000 and then I'll sell.
However, your decision to hold until the price of Bitcoin reaches $210,000 is a very good decision, Bitcoin will definitely reach $210,000, because there is a lot of opportunity for positive movement of Bitcoin in the future, even many believe that next year will be a year for Bitcoin. A strong bull run will start and in that bull run Bitcoin may even cross $150K. Again it may take a lot of time to reach this goal, we cannot say anything for sure. but it is never impossible, it definitely happen. and we can definitely benefit from long term holding. Always thinking of long term holding and DCA is the most successful strategy!
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 03:44:55 AM
#55
talking about price increases, today I read this news that I found funny:

Bitcoin can still hit $100K, no matter who wins US election

I found this news funny because the price is currently rising because people are confident that Trump will win and that this could do good things for bitcoin. But if Trump loses, the price of bitcoin will fall a lot. You don't need a crystal ball to predict this. Now the question is, if Trump loses and the price falls a lot, when will we see the price break $74,000? Maybe next year. The fact is that we are heading towards the end of the year and the price is currently very dependent on the political scenario in the US and next year we don't know what kind of good news would be needed to make the price go up a lot. Either way, I'll continue to hold until the price reaches $150,000 to $210,000 and then I'll sell.
newbie
Activity: 14
Merit: 2
November 02, 2024, 02:42:50 AM
#54
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.
True 👍. Achieving the 100k milestone would be even more satisfying because this is actually what most Bitcoin investors has really anticipated for in a while now just as you have rightfully said, but till then, is to utilize every buying opportunities to the fullest, because I am quite positive that Bitcoin can go above 150k when the bull season kicks in officially.
Then as for it current price being swayed by the coming us election?
Yes, the speculations are part of it, but nothing is certain, anything can still happen.
legendary
Activity: 3122
Merit: 1140
November 02, 2024, 02:38:23 AM
#53
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.

If BTC doesn't break the old ATH and hit a new ATH then how can it reach $80k or $100k? The reason people are so interested in Bitcoin breaking its ATH is because once bitcoin hits a new ATH, it could trigger a massive bull run and head towards our desired target of $100k.
Most people have the same goal as you, which is to expect bitcoin price to reach $100k but we cannot expect bitcoin to go straight to $100k without any obstacles or any corrections.
The target of $100k is not too difficult but not too easy for bitcoin, it needs to be conquered step by step and breaking ATH is a must before conquering higher milestones.
Breaking ATH is never been that impossible, it is really just that needing up that kind of positive fundamentals or any news that would really trigger up on trying out to break the old ATH but of course there would really be no assurance if it would happen or not. There are times or moments that the price isnt really that being affected with news or events that we do have in the market. It could break out ATH without having those news or fundamentals and we do know that it isnt really that too easy on how to know on what are the probabilities on where it would really be that going. It seems that we are on breaking the ATH soon? Definitely it could be but
there's no one would really be able to tell on when it would happen. Somehow to assume that we are almost on the bull run period or simply heading there then we can make out those assumptions that we will really be seeing some pumps and of course some corrections too. You should be that making up that wise positioning if you are really that wanting on having that maximum profitability.
hero member
Activity: 1106
Merit: 526
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 02:14:16 AM
#52
As far as I can see people have been optimistic about the votes, but I, as the weekend approaches, am starting to lose hope. Although it is not impossible, it is less frequent that there are big movements during the weekend and it seems to me that it is going to remain in a stall.
Yes man, the weekend always comes with some stall Bitcoin market movement, so we can't really rely on the price of Bitcoin on weekends to make any analysis or predictions, and at the time of typing this comment BTC market is rebounding to close 70k which is somewhat a positive trend against the coming week market, ,  sincerely speaking, I have expected such price decline for Bitcoin for a while now, and for sure the current and recent price delcine was a big discount for those who have being waiting to open new position in Bitcoin and now they have that opportunity.

I know this coming week is going to be more positive and uptrend for Bitcoin compared to this current week, and if Bitcoin have continued in it price volitilities in upwards direction through out this week, it could have been worst price season in the coming week, because there must be a correction at some point, and now we have the correction and we are almost going pass that correction face right now, we have to hold on to our position and expect positive price in this coming week.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 12:19:58 AM
#51
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.

If BTC doesn't break the old ATH and hit a new ATH then how can it reach $80k or $100k? The reason people are so interested in Bitcoin breaking its ATH is because once bitcoin hits a new ATH, it could trigger a massive bull run and head towards our desired target of $100k.
Most people have the same goal as you, which is to expect bitcoin price to reach $100k but we cannot expect bitcoin to go straight to $100k without any obstacles or any corrections.
The target of $100k is not too difficult but not too easy for bitcoin, it needs to be conquered step by step and breaking ATH is a must before conquering higher milestones.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
November 01, 2024, 11:59:31 PM
#50
---
Do you thing we will break ATH this week?

Current AHT is $73,738.00.
IT'S A PRANK!!!! Cheesy

It didn't happen, or at least it will not happen this week knowing that we are now below $70,000 yet again. What I believe that will happen though is that we will be seeing a gradual increase towards the price of Bitcoin in the upcoming weeks just like what happened last month. The first days were bad days because the market corrected and then a slow increase on the price. I believe that's what will happen this time as well. Maybe let's also add the fact that the US election will be a few days from now. I know that it will have a short-term effect towards all the markets out there including the crypto market and it will depend on the result.

Whatever the case is, we will see Bitcoin's price surpassing its previous ATH this year, but not this week. Almost, but it's a no. Smiley

I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.
Unlike you, I'm still thrilled to see the price of Bitcoin reaching new all-time highs. I'm thrilled... for about 15 seconds only and after that, back to normal. Wink
hero member
Activity: 2996
Merit: 536
Leading Crypto Sports Betting & Casino Platform
November 01, 2024, 08:06:49 PM
#49
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.

I suppose that after BTC breaking through previous ATH and finally reached $80k, it's gonna be smooth sailing from that point to $100k

the big sell order depth is around the $80k area and if we can clear that, I think $100k within just matter of week is always possible.



but the difficult thing is breaking through previous ATH, so even if BTC retouching ATH just doesn't feel as exciting as it used to be, it's still important event.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
November 01, 2024, 06:45:48 PM
#48
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.

yeah  we need to do 75-80-85-90 in about 10-15 days this will crank fomo.

but I suspect we don't.  not til jan 2025
hero member
Activity: 1162
Merit: 643
BTC, a coin of today and tomorrow.
November 01, 2024, 03:03:47 PM
#47
I am personally no longer thrilled by the bitcoin movements. It also does not matter much to me if bitcoin makes a new ATH or not. We have seen Bitcoin ATH even before halving, so seeing a new ATH will not make much waves.

What I am actually waiting for it bitcoin clocking $100k, and for this to happen, we should first see bitcoin at @$80k. All Bitcoiners are hungry of $100k and not a new ATH that will fall back the next day.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
November 01, 2024, 02:59:53 PM
#46
I voted no. As I think this is pre election betting and not a full rally.

Next week we will retrace bigly.

That’s starting to look like a pretty good call. I was thinking we would blast right through to new highs but I guess the market wasn’t ready. It does seem like only a matter of time before we do hit new highs though. I’ll be a bit disappointed if we don’t end the year at least in price discovery territory.

I do a lucky guess once in a while.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
November 01, 2024, 02:48:03 PM
#45
We are very very close, it could happen. I am not saying it "will", nobody can say that and we do not really know what's going to happen, but we definitely end up seeing it have a big change without a doubt. Having bitcoin go up a bit more is what we want but also there is a big wall there to break, so it requires a lot of money to be able to break that level and if we are not careful then there will be a dump right on us when people stop trying.

We will keep trying for a while, there will be a lot of people buying to lower that wall, but the moment people give up, you should not be around because the price will crash hard. I am guessing under 70k at first, but under 65k is possible too, lets hope it doesn't go under 60k. Right now, that is what we are looking at, either breaking all time high and going to a new peak, or we could drop 20% and then some. This is why we need to be not invested fully at the moment, and put the buy order a dollar above ATH, because if it breaks above, then it will go even higher.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
November 01, 2024, 10:47:20 AM
#44
As far as I can see people have been optimistic about the votes, but I, as the weekend approaches, am starting to lose hope. Although it is not impossible, it is less frequent that there are big movements during the weekend and it seems to me that it is going to remain in a stall.

Everyone is optimistic because no one wants the market to fall or go sideways anymore, people are tired of waiting for the bulls to come and most want the bull market to come as soon as possible. Not just in your poll but in any polls, you will find that the majority will choose optimism  Grin Grin Grin .

The market doesn't move on what the crowd thinks and as you said we are on the weekend so there won't be much movement, again people's expectations have not happened.
For my part, I think it will be difficult for bitcoin to break its all-time high before the election and there will be a lot of volatility between now and the election is over.
legendary
Activity: 1372
Merit: 2017
November 01, 2024, 03:54:10 AM
#43
As far as I can see people have been optimistic about the votes, but I, as the weekend approaches, am starting to lose hope. Although it is not impossible, it is less frequent that there are big movements during the weekend and it seems to me that it is going to remain in a stall.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
November 01, 2024, 01:18:27 AM
#42
During last weekend, I was shorting Bitcoin at $68,800 but after the price spread to $71k this week, my stop loss was triggered. The bullish trend  continues since this week, it has not brake below the support level of $70k, which makes be believe that the price is still pushing to surpass the current resistance level and if that happens,  we might see Bitcoin above $75k next, could be this week or next.

yeah shorting was a bad idea, I apparently also caught up i shorting alts and got liquidated when BTC going up because alt also follow the price action.

but it seems BTC just gonna break pas through $80k before it actually went down a little, current retracement to $70k, will just bounce back once it hits $69.xxx ish I think.
but if worse comes to worst, I think BTC just gonna go down to $64k and bounce back after touching the support around there. at least this is my speculation. if it happens though maybe I will reopen long order.

I can't imagine the scenario of BTC doing sideway again to be playing out these days, so I think side ways not gonna happen except some small accumulation.

If am trading altcoins, I do just scalping. I hardly leave a position open for the whole day or through out a night but for Bitcoin, I could stay up to 2 or 3 days just at a position. As of Tuesday when Bitcoin got to $73, 6++, I was in a big loss of -128% ($600+). Based on my analysis, I believe that the price spike was not going to reach my liquidation price ($75k), so I didn't close my position and it's still on till now with -$200+ loss, I might be forced to close the trade anytime soon because this is the month of November and like you said, it might get to $80 or not but what I know is that if the price spikes again and go past the $73k resistance, it will go above $75k.

The US election might also be a fact to consider in regards to price movement.
hero member
Activity: 2996
Merit: 536
Leading Crypto Sports Betting & Casino Platform
October 31, 2024, 09:34:53 PM
#41
During last weekend, I was shorting Bitcoin at $68,800 but after the price spread to $71k this week, my stop loss was triggered. The bullish trend  continues since this week, it has not brake below the support level of $70k, which makes be believe that the price is still pushing to surpass the current resistance level and if that happens,  we might see Bitcoin above $75k next, could be this week or next.

yeah shorting was a bad idea, I apparently also caught up i shorting alts and got liquidated when BTC going up because alt also follow the price action.

but it seems BTC just gonna break pas through $80k before it actually went down a little, current retracement to $70k, will just bounce back once it hits $69.xxx ish I think.
but if worse comes to worst, I think BTC just gonna go down to $64k and bounce back after touching the support around there. at least this is my speculation. if it happens though maybe I will reopen long order.

I can't imagine the scenario of BTC doing sideway again to be playing out these days, so I think side ways not gonna happen except some small accumulation.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
October 31, 2024, 09:19:26 PM
#40
I voted no. As I think this is pre election betting and not a full rally.

Next week we will retrace bigly.

That’s starting to look like a pretty good call. I was thinking we would blast right through to new highs but I guess the market wasn’t ready. It does seem like only a matter of time before we do hit new highs though. I’ll be a bit disappointed if we don’t end the year at least in price discovery territory.
legendary
Activity: 1372
Merit: 2017
October 31, 2024, 08:48:11 AM
#39
I voted no. As I think this is pre election betting and not a full rally.

Next week we will retrace bigly.

I've been thinking for a while now that I wouldn't be surprised if after the result that happens. Especially if Trump wins. A lot of people have gotten the idea that if he wins the price will go up tremendously and it doesn't have to, especially at first. What's more, I think that common belief is what many strong investors will take advantage of to panic the minnows and fleece them.

But until then, there is a clear chance to beat ATH this week. From current levels it only needs a 2.5% upside, and that's a day of normal bitcoin volatility.

My logic is big money people will whale in the USA if Trump gets in.

So they have cash to put into btc now hoping to see Trump win and btc moon in 2025.

So millions feed in from them raising price before election. They see 70k as cheap if Trump gets in and btc goes to 200k . So this uppity is speculation on them.

Now Trump wins and people that have been in at under 30k see the rally stops they sell and we retrace.

The whales have tons of cash and know people may do this and we go back up again in December after the retrace in November.

I was about to post my message when I see you posted this clarification, but basically, yes, I see it as a possibility too.

BTW if we just go up up and away it works for me.

For me too, lol.
hero member
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Leading Crypto Sports Betting & Casino Platform
October 31, 2024, 08:47:52 AM
#38
I don't think the ATH will be broken this week because the momentum is already waning, pending the outcome of the elections. Perhaps the market markers are holding the price just close to the ATH to watch what will happen at the elections but whatever be the case, there will either be a massive dump or massive pump post elections.

I voted no. As I think this is pre election betting and not a full rally.

Next week we will retrace bigly.
What could possibly trigger such retracement? There have been a popular belief that the outcome of the election will determine what will happen in the market next week. That is if Kamala wins, then there comes the retracement but if Trump wins, then the pump goes astronomical. These are just speculation and may not really reflect on reality but we can see from the elections betting how the market is already responding to Trump getting high bets.

So do you agree with the above hypothesis or there is something else you are drawing your retracement conclusion from?


The official election takes place on November 5. We then have to wait until the end of November to determine the final results of the election. 06/01/2025 The Vice President will personally count the electoral votes before Congress and declare the final winner. So those waiting for next week's election results to determine bitcoin's trend are wrong.

Instead of waiting for the final election results to decide the trend of bitcoin, I think we should focus more on inflation releases and news of Fed rate cuts in the last 2 months of the year. Because that's what's really going to have a significant impact on bitcoin prices from now until the end of the year, not the election as many people are misunderstanding.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
October 31, 2024, 08:42:56 AM
#37
I don't think the ATH will be broken this week because the momentum is already waning, pending the outcome of the elections. Perhaps the market markers are holding the price just close to the ATH to watch what will happen at the elections but whatever be the case, there will either be a massive dump or massive pump post elections.

I voted no. As I think this is pre election betting and not a full rally.

Next week we will retrace bigly.
What could possibly trigger such retracement? There have been a popular belief that the outcome of the election will determine what will happen in the market next week. That is if Kamala wins, then there comes the retracement but if Trump wins, then the pump goes astronomical. These are just speculation and may not really reflect on reality but we can see from the elections betting how the market is already responding to Trump getting high bets.

So do you agree with the above hypothesis or there is something else you are drawing your retracement conclusion from?



My logic is big money people will whale in the USA if Trump gets in.

So they have cash to put into btc now hoping to see Trump win and btc moon in 2025.

So millions feed in from them raising price before election. They see 70k as cheap if Trump gets in and btc goes to 200k . So this uppity is speculation on them.


Now Trump wins and people that have been in at under 30k see the rally stops they sell and we retrace.

The whales have tons of cash and know people may do this and we go back up again in December after the retrace in November.

BTW if we just go up up and away it works for me.
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