Topic: It seems we are going to break ATH soon (Read 518 times)

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.

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!

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.

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.

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.

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.

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.

IT'S A PRANK!!!!

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.

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.

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.

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

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 do a lucky guess once in a while.

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.

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  .

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.

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.

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.

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.

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'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.


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


For me too, lol.

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.

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.

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.

The push to a new ATH, which we expected at the beginning of October, wants to make waves at the end of this month, which I suspect the green candlelight will fully take on in November. However, in November and December, I speculate that Bitcoin may see to $85k as a new ATH of the year. Back to a price below $66k, we saw Bitcoin a few days ago; I don't think Bitcoin will fall to that price until when the Bull run is over by next year. By then, we can begin to see a dump of Bitcoin price due to the bear market

One of the things that i dont stress about is whether we do break its ATH or not, but we cant really be able to deny that we are really that longing that we would really be seeing Bitcoin to reach new all time highs as we are really that heading forward into that bull run period on which this is what you could really be able to say that this is something inevitable. Good thing for those who had bought on to those declines on previous months on which on just simply holding up their position did really make out some good percentage gains. Wondering on what would be the resistance will be? $74k or $78k? If there would really be no rejection in these areas then we might be able to see $80k on next month or even into this year but of course just like on what i have said that i dont really set expectations too much on my part so that it would be disappointed.  

Whenever market do really behave like this, i do always have that kind of feeling that there's something huge dump coming. lol

Yeah, the price is inching back up towards its all-time high lately.  Its anyone's guess if or when it will finally hit that peak again - who can predict this crazy market? One day we are flying high, the next we are crashing back down. 

As some have already mentioned, this recent climb could be connected to the upcoming U. S.  presidential election.  So if the polls start to clearly show Trumps headed for a loss, seems plausible we could see a correction around Election Day as people get nervous.  but trying to time Bitcoin based on politics never goes smoothly.

Historically speaking and not just on election years, I’ve noticed the Halloween time frame is always a rally time. We may retrace a little, but I’d bet my drawers that we see a new all time high today. There is too much momentum. I actually think my beginning of the year prediction that we end at $85K is going to turn out to be as scarily accurate as the rest of my predictions.

Dollar stackers today…

I see this being mentioned as the reason for today's rally but it doesn't make much sense to me. First of all, I believe most polls are still favouring Kamala to win, and she's less pro-Bitcoin candidate. Second, I can't imagine people actually believing that if Trump wins he will set up some huge federal Bitcoin reserve that will take the price to the moon. All he did was to say some good words about Bitcoin in a clear attempt to pander to the crypto-investors, which are a fairly large group in the US. And I don't think he would even have the power to do that even if he wanted to.
Also, historically he was not very Bitcoin-friendly, so it's hard to believe he had a change-of-heart just before the election. Plus, he won't be running again so will have no incentive to deliver on all pre-election promises.

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

Next week we will retrace bigly.

We can see that Bitcoin is very close to its all-time highs. Bitcoin is more bullish this week than any other week. It cannot be said for sure whether Bitcoin will reach the previous ATH of $73,800 or not, but we can assume that Bitcoin is going to enter all-time highs very soon. If Bitcoin doesn't enter a new ATH this week then there is nothing to be disappointed, maybe or next week we are going to get a new ATH. Of course we are going to see another Bitcoin record very soon, which will break its previous ATH record and set a new ATH record.

Just a little bit of a push, we may be getting that new ATH and might just goes way up as well. This election coming I hope will make it all the way, the altcoins are still left behind though. The Yuletide season is always an uptrend so the next months might just be another green candle as well.

I am spreading sensing a retracement and not seeing it breaking the all time high without going through the retracement. The market has been all bullish and I see a lot of excitement for many bitcoin enthusiasts. The market is just doing perfectly well and for those that wants to give up on bitcoin not going to have a bull run soon, these are one of the signs if I'm not mistaken and the hopes should remain alive that we are going to be having one in the soonest.


During the week is most likely the time it will break the all time high and set a new one. The market has been bullish but I just see it coming to retrace any moment from now. Bitcoin is certainly going to pump massively with this trend it’s already on.

Will break $73,738: YES

It is a little more to go to ATH maybe even tomorrow it could be that bitcoin will break the ATH above before as this has been a positive sentiment towards the market.

And like its true... October has been a good month for Bitcoin which proved again its rise... Maybe the next month's expectations are more than this.

Was very excited when i got a notification from my exchange about the price of bitcoin hitting $72k today and i was anticipating to see it climb to $73k before talking about breaking the previous ATH of March earlier this year but currently now the price is hovering around $72,500 so hopefully, before the week runs out it may break the previous ATH and another new ATH will be created so am very optimistic to see the price of bitcoin reach yet another milestone after months of sluggish upward movements. I think right now a lot of bitcoiners are very excited with the recent and sudden development in the price of bitcoin and are waiting patiently to witness a new All Time High.

The market is greenish and so also the week has been promising. As at now, we have less than $1,000 to overthrone the current Ath and with how fertile the market has been, there is possible means to catch a new Ath by the week.

Right now with bitcoin comfortably breaking the $71,900 resistance that it has been falling from and sitting pretty well at $72k I can only predict an unpward movement. The all time high of $73,800 will easily be accomplished if bitcoin pumps to $73k soon, the week is still on so I will say yes we could get to see a new all time high for bitcoin soon. There are already signs to cause its hype such as the current relaxation of crypto mining laws in Russia, the coming USA elections next week which if trump wins will simply cause hype, as such I believe we can get a new all time high even before no November comes in three days

Bitcoin is getting close to $73800 which is the all-time high. The price now is $72400 after it fall a little from $72670. It is very likely that we are going to get to all-time high very soon. It can be today or tomorrow. If bitcoin do not get to all-time high, we should not panic. It can retrace a little but the next upper candles should get to all-time high.

Such an exciting time for bitcoin, this week is looking bullish than every other week and this is going to be a run up into another all time high benchmark, bitcoin is currently building the needed liquidities that will push the price above 75k any moment, considering the level of buy orders and new opening positions, bitcoin look so positive this time around and also considering the sanity experience with low bitcoin transactions fees this time around compared to other bull market such as this, where the transactions fees use to skyrocket making the network congested.


Good luck 🤞

Do you thing we will break ATH this week?

Current AHT is $73,738.00.