It seems we are going to break ATH soon

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Poker Player on November 01, 2024, 04:54:10 AM

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.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: uchegod-21 on November 01, 2024, 04:03:47 PM

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.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Poker Player on October 29, 2024, 11:56:20 AM

---
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.

Quote from: uchegod-21 on November 01, 2024, 04:03:47 PM

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

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: uchegod-21 on November 01, 2024, 04:03:47 PM

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.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: uchegod-21 on November 01, 2024, 04:03:47 PM

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

uchegod-21

hero member

Activity: 1036

Merit: 625

BTC, a coin of today and tomorrow.

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.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: OgNasty on October 31, 2024, 10:19:26 PM

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

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.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: Poker Player on November 01, 2024, 04:54:10 AM

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

.

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.

Poker Player

legendary

Activity: 1372

Merit: 2017

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.

Dr.Bitcoin_Strange

hero member

Activity: 658

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: JeffBrad12 on October 31, 2024, 10:34:53 PM

Quote from: Dr.Bitcoin_Strange on October 31, 2024, 01:44:32 AM

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.

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: Dr.Bitcoin_Strange on October 31, 2024, 01:44:32 AM

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.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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.

Quote from: philipma1957 on October 31, 2024, 09:42:56 AM

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.

Quote from: philipma1957 on October 31, 2024, 09:42:56 AM

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

For me too, lol.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Odohu on October 31, 2024, 08:12:54 AM

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.

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Odohu on October 31, 2024, 08:12:54 AM

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.

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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.

jcojci

full member

Activity: 784

Merit: 115

Bitcoin have much time to reach $73,738.00 and not depends on just this week. I don't mind still waiting for the price reach that level in the next weeks if that will difficult to to see in this week. I guess the investors can still waiting with patience.

If your target price still too high, you will not care with the price now and will still be patience. You can hold Bitcoin for more until you see your target price coming.

But the price now looks exciting and I guess many people are waiting for the price break $73,738.00 as the last ATH. If that happen, we will see another new ATH but the real ATH still a mystery.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: mich on October 31, 2024, 01:32:41 AM

Well I do think this can happen at any some time right now. Bitcoin is up more then 7 percent in this week and we can break that ath before the American elections.
I am also 'bullish' because of the news about Microstrategy. It will raise $42 Billion over next 3 years to buy more Bitcoin.
https://www.marketwatch.com/story/microstrategy-the-largest-corporate-bitcoin-holder-to-raise-more-than-40-billion-to-buy-more-bitcoin-d2165e78

I also voted for Yes, and most likely we will break that all time high soon. There are FOMO already, in preparation of US election I guess and most likely Bitcoiners is feeling that maybe Trump is going to win. And if that happens, we might see more pouring of money in the market, whether it was from us, retail and average joe investors, or big institutions who are betting that in the future, we will see a huge bull run, to a 6 digits run.

So let's see, prices is still above $72k and it's just a matter of time before we see the price pushing about $73k again, but this time it could really go up and reach a new all time high. And also, I like to say that October never fails us.

Odohu

hero member

Activity: 546

Merit: 516

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.

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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?

hugeblack

legendary

Activity: 2646

Merit: 3911

Quote from: philipma1957 on October 29, 2024, 02:19:48 PM

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

Next week we will retrace bigly.

I tend to agree with this opinion, the momentum is not strong enough to break the $73,750.07 barrier but as long as we are close to it then next time when the price is near $73k it will be very easy to break it.
Overall I am very interested to hear @ImThour's analysis, I hope he shares his opinion.

Topic: It seems we are going to break ATH soon (Read 447 times)