Topic: It seems we are going to break ATH soon - page 2. (Read 511 times)

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.

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.

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.

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?

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.

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.

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

Obviously we are at near the all time high price period so we are going to face a lot of resistance. This is the point where we haven't broken over before, so a lot of people put sale orders near those levels and make it obvious that they just want to get rid of it at "peak" according to them.

This causes us to have difficult time going over that price, but since we managed to get this far, I believe we can do this. It is very important to keep above 70k during this period, if we can do that for a week, then going to 75k or more will be very easy, but if we fail, and people have weak hands then we are going to end up going down again, which is not a shocker because it has happened many times. I do sense this will be a different time though, I feel like we are going to end up with something changing, it doesn't feel like we are seeing big drops now and I believe we can do fine. We need to consider how to change things when the time comes.

Looks like theres some major resistance right at Bitcoin's all-time high price.  Gonna take some real momentum to break through it.  If it manages to push past that point, we will be in uncharted territory again and hard to predict what comes next.  Pretty thrilling to see the crypto market gaining steam lately, but smarter to keep eyes on the long-term outlook.

Bitcoin has shown it can deliver over time, and fundamentals still look solid so odds still favor this bull run continuing to new heights, even if pace aint always steady.

A lot of resistance is at play right now and Bitcoin is struggling to breakout the current holding benchmark, mind you if we can achieve the 75,000 price this weekend it then means in the coming week we can be seeing a Price that will take us very close to 80k and or so, this is my speculations for the period of time, and if Bitcoin could go along with my predictions, it means I will be in a very good position, and taking a short term profits most be avoided in this period of time, let see how the night market goes and what Bitcoin close today with and hope we Cross to the next day around 73,000 BTC price which will be a good price to prepare for the weekend market with, the new all time high ATH may come quicker than we expected and so we shouldn't give a time tag to when we expected that record to be broken again by Bitcoin.

I mean we are already almost there, so I don't think it will still take a week for it to occur but a week is a good extension if in case shit happens. As for now, I think there is no real up yet that happened but I can only treat it as a recovery because our last ATH was $73k. So I won't called this month as UPtober.

At first I won't believe this, not until I check the price and it was crazy to see it on $72k again. Last time it is only at $60k level. There is really a chance for us to hit a new ATH today. The trend you mean there must be the same as the hype. I say this because there is also another form of trend but it literally has a down trend which may not be totally considered as a wrong side. However, when it comes to the trend you mean or the hype, of course no one wants to be on the wrong side but you can't go wrong here because you will feel the positive things already that are happening around, so you will only just go with the flow. Nice pic there BTW. Is it AI generated?

Nah. We always have that impression but sometimes it's true. Before $84k, we will still have a new ATH but what is so special about that number? 8 number is still good though and much higher than the past 7 numbered ATH. It's only normal that BTC takes some rest right after an increase and its mission of hitting more heights hasn't stopped but it is still there.

USDT D is not yet showing a sign to do a reversal. I think Bitcoin will likely jump again. It may hit yesterday's high (double top) or a new ATH of 73,750 - 74,000. I used SND, and i put two short orders at 72,930 and 73,800 with 100% SL.

I expect that, after USDT Dominance's dump, it will move up. So, a correction is likely soon. There is strong resistance at the new ATH. If we break it, we will likely jump to 75k or see a pullback. Just hope Dawjones and SP500 are still showing positive sign soon.

We almost see the last ATH at $73k so hold on, guys. With the price position now is at $72,514 according to CoinGecko, we may see the next increasing in this week or next week. But that will depends on how good the market moves.

If there are correction happens again, we may need to wait for more. But if the price can still rise, we may see the next high price in soon.

So we hopes that can happens in the next month, in the beginning of the month. But the price journey is not easy to still increase as the correction can happens many times after touch the last ATH.

I think the correction has already happened when bitcoin recently dropped to $66k thereabout last week. It was a healthy correction and right now what we are seeing now is a healthy market that is happening without any manipulation. Bitcoin at this current price and this is still mid week, the previous ATH will be broken this week. Bitcoin is just a small step away from making that happen. Even if bitcoin will do a little correction again, it will be after the ATH has been broken. Before weekend there will be a new ATH.

I'm equally happy that UPtober happened, that's a confirmation that November won't disappoint.

the time BTC flips resistance to support around $65k-ish, I already expected that this rally gonna be different to before and the sideways from $65k to $49k is no more.
there's big chance that there might be slight resistance around ATH level but I expect if the buy order still huge, we will score a new ATH again arond $84k.

I have firm believe that it will be around $84k where we might get some retracement and starts picking up things and get back to the path to $100k.
$70k will probably be the local low moving forward.

I thought we would see a new all time high today, but alas with the markets closed now we may have to wait until tomorrow. It is coming though, soon and fast.

Here’s a representation of what is currently happening in global financial markets. You do not want to be on the wrong side of this trend.

I had a discussion with a friend today regarding what the market was doing and what
could be happening as I type this is a correction to liquidate some of the very optimistic
long trades which have been placed recently. Cannot have those 20x and 50x longs
happening.

So hitting the ATH this week might not happen IMO but one thing for sure is that
UPtober happened!

This is just a normal market movement where some traders rush to sell when ever they see Bitcoin break new ATH or near to reach that level. Some executed trades are already open orders that have been placed already. The market is just adjusting to the pressure of the pump, and it will soon break the ATH, which will officially be recorded. 

The evidence you want to show is it when bitcoin breaks the ATH as captured by one exchange or it's evidence of it being captured by a market tracker like coinmarketcap, as exchanges can pick ghost trades that don't last for a second and the price can't be the same in all other exchanges, which I don't consider such as valid evidence.

I wasn't expecting that this was going to happen too early. But it just did and that's great that I wasn't too much with my expectation and I guess that's the beauty of it.

It's true, sellers at the top will simply wait for some dump before they buy again. But this time, if they're not proactive and won't buy back quickly, the scenario could be the same for those who have sold at $50k because they saw $49k happened and thought that it's going to be downhill but it didn't. The recovery is so fast and they could miss the movement upwards if they won't buyback those that they have sold. Anyway, while they're too proactive and needs to monitor at most times, we the holders are just chill watching it go more up and lesser low.

No, we have not gotten to ATH. It remain small that we should break it but bitcoin started to fall. If bitcoin has not gotten to $73700 to 73800, it has not gotten to ATH.

But we should not panic, some people sold when bitcoin was about to get to ATH. They will still buy back and the price might increase above $74000.

If you need evidence that bitcoin did not get to ATH, I can provide it in images.

We've broken ATH, so I'm locking the poll. My mistake, I'm unlocking it.




Yeah, for some reason, probably because I was a bit excited, I misread the former ATH that I had written, I thought it was $73,300 or so.

I think what has happened now is typical, when you get close to an ATH it creates a resistance that costs several times to beat. Everyone is in profit at these levels and therefore is tempted to sell. In addition, some strong hands know that small fish are entering attracted by the price increase and take the opportunity to get short positions to fleece them.