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Topic: It's not the end, $60k again - page 4. (Read 1170 times)

hero member
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July 24, 2021, 08:42:56 AM
#92
With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 
I think, for now, even getting to $45k is pretty good. however, after the dump of ATH, the price of bitcoin is really stable in this range. up and down is only in the range of $ 30k, and the lowest is $ 28k. well, I think it's really hard to expect $100k in a situation like this.
Even $50k seems so hard to reach if the situation will remain like this. What I think about having in $30k-$35k range was good enough, that was still healthy to see. We have done already with the hypes and bullish season, now we have to prepare for the bear season as commonly will happen next. But the good thing is that we are able to keep the price at high and no such panic selling has done (at least) that's why we see that the price won't go down badly unlike last 2018.
legendary
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July 24, 2021, 05:49:15 AM
#91
With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 
I think, for now, even getting to $45k is pretty good. however, after the dump of ATH, the price of bitcoin is really stable in this range. up and down is only in the range of $ 30k, and the lowest is $ 28k. well, I think it's really hard to expect $100k in a situation like this.
sr. member
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July 23, 2021, 09:02:11 PM
#90
With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 
It is nearly reaching 35k because the price now is 33,600$ and still climbing  so basically after the dump we can expect Pump back and if 40k will be break this month then there is a high chance of this 3rd quarter will make big difference again since the whole 2 months of dumping.
since june we are struggling to een Reach 50k againfrom the highest price of 64k in may.
do not wait, of course, with a time that may occur quite a long time from the time you believe, if you do have a conclusion that there is a belief that there will continue to be a sharp increase in the future, every time is something that can be done. there is no time too late to enter the market when there is a conviction that has already occurred. because with belief, what we hope can come true.
I agree with this one, there is no time too late to enter in the market if we have believed about future price. Now is the good time for buy,  and for people who believe about the future of Bitcoin, you can start from now, not all in your funds because maybe another correction will come, but buy Bitcoin with an average down
Too late is being used by those investors that has enough allocated funds in which their target price already passed and that is why they called it too late though it does not mean they will never buy again.
legendary
Activity: 3080
Merit: 1353
July 23, 2021, 08:43:04 PM
#89
With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

Just look at the current price, we are above $30,000 right now, the dip that you are talking about it temporary maybe because of the GBTC unlocking but it is over now. The market is bouncing in the last 3 days, 24 hours = 3%, 7 days = 7%.

So $60,000 or more is still on track in my opinion. We still have the last quarter to make a final push. And usually that time, the price are going on a super fast rally. So we might see a repeat last year and who knows, the much anticipated 6 digits might be reach this year.
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July 23, 2021, 12:23:40 PM
#88
With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 
hero member
Activity: 1344
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April 17, 2021, 05:19:56 AM
#87
-cut-
Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.

Aside from institutional investors, the second most important factor for Bitcoin's price increase is retail investors who are afraid of missing out on new opportunities in the digital economy and have decided to buy bitcoins.

However, it should be remembered that bitcoin's recent growth has been primarily driven by large investments, which may cause this cryptocurrency to yield more stable growth in the future, as opposed to previous fluctuations and bounces caused by media exposure and speculation.

I would say that retail is still the backbone and they are the one that fuels market. But as of late they have been obviously outnumber by the huge capital this institutions have, nevertheless they are still ver important and relevant. So there will be FOMO, although because of the massive growth, retailers investments, I would say is about 40% and then the rest is pure institutional money.
legendary
Activity: 1526
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April 17, 2021, 04:47:05 AM
#86
-cut-
Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.

Aside from institutional investors, the second most important factor for Bitcoin's price increase is retail investors who are afraid of missing out on new opportunities in the digital economy and have decided to buy bitcoins.

However, it should be remembered that bitcoin's recent growth has been primarily driven by large investments, which may cause this cryptocurrency to yield more stable growth in the future, as opposed to previous fluctuations and bounces caused by media exposure and speculation.
full member
Activity: 2268
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April 16, 2021, 11:57:02 PM
#85
Anytime is the right time to get in the market, you can wait all you want but if the market continues to increase then you are just losing more bitcoin that you could have bought, and if the prices were to go down who knows that it is the lowest because we will know about it when it finally passes so with this uncertainties surrounding the market, waiting for the perfect moment isn't going to be good for you.
do not wait, of course, with a time that may occur quite a long time from the time you believe, if you do have a conclusion that there is a belief that there will continue to be a sharp increase in the future, every time is something that can be done. there is no time too late to enter the market when there is a conviction that has already occurred. because with belief, what we hope can come true.
hero member
Activity: 2814
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April 15, 2021, 06:59:36 PM
#84
~
we can assume that everything will continue to grow (both bitcoin and the stock market). One has only to remember that sooner or later the reverse phase of this phenomenon will come and at this moment all markets will fall.  A real hodler can just wait it out, but the ideal version of which all investors want is to sell at the maximum price and then buy it back cheaper.
The idea of cryptocurrency market as a savior against the fiat market will be tested soon if there is an economical crisis and with the pandemic in full swing in all of the major countries and the governments around the world trying different methods to contain the cash flow might harm the economy in the long run as the US alone printed out trillions during these phases and it will affect the economy and if that happens how it will affect the cryptocurrency market is a big question.

Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.
legendary
Activity: 2478
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April 15, 2021, 01:37:07 PM
#83
I can't talk about global prospects, but given how governments flood all markets with liquidity, we can assume that everything will continue to grow (both bitcoin and the stock market). One has only to remember that sooner or later the reverse phase of this phenomenon will come and at this moment all markets will fall.  A real hodler can just wait it out, but the ideal version of which all investors want is to sell at the maximum price and then buy it back cheaper.
You're actually right with the growth for both markets and just recently there's a record high for both of them. For stocks, it has reached a $90-T market cap. Whilst for crypto, $2T for its entire market cap.

I'm preparing myself if ever that time comes that this high would stop and a massive correction would come. But from the looks of itself, that doesn't look happening anytime soon but if it will do, another time to endure all of the red days again in the market and time to stack some more sats.

Yes, we are facing difficult times ahead, I hope this will not follow the Japanese scenario, where the crisis has stretched for decades. It is quite easy to survive high inflation for several years if you have savings and work, but it is rather difficult to survive a crisis that lasts 20 or more years in the sense that you do not want to live half your life during a crisis  Smiley Even if during this crisis you accumulate a few extra satoshi)
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
April 14, 2021, 10:47:15 AM
#82
The substantial increase today has been very large, many analysts are waiting for the price at $75k, I think the most difficult to overcome was the resistance at $60k, although it can be seen as a consolidation area to resist bearish attacks, perhaps a pool of liquidity that served the whales to lean on and be able to push the price to new price levels at this time.

In this article they show a possible scenario that could occur, they give a maximum up to $69k possibly.



Quote
If the bulls can drive and sustain the price above $61,825.84, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That could result in a rally to the pattern target at $69,540. If the momentum sustains, the next target to watch out for is $79,566.
Source: https://cointelegraph.com/news/price-analysis-4-12-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-xlm

Until today, a new ATH has been given: 63 287.88 USD
There is never an end. even in 2018, bitcoin collapsed like an historic bubble. Everything is over, we are in an exciting market and continue to be the new ATH ~ 63k $. It crossed the $ 60k mark after four repetitions. I think the $ 130k that the major institutional investors are targeting seems to have kicked in.


You are right, although in 2017-2018 the uptrend ended very quickly, at least the Distribution stage lasted much less, of course it cannot be compared when they sell the whales, and the subsequent trend that was downward was not expected by most, It was believed that it could have reached $ 50k, but the market is so volatile that many bought at $ 20k and had to wait until 2021 to see profits, some did not hold and sold at $ 3k, when it almost touched $ 2k, those were times of great panic in the market, especially in 2019 when everyone believed and took for granted that Bitcoin was the bubble that would never make a profit again.

The era of Bitcoin is beginning, its first stage of accumulation and Distribution was successful, I believe that we have not yet reached the uptrend stage, that the whales of 2017 have not yet come into play, only the new whales and institutions are the ones that have moved the market.
member
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HODL
April 13, 2021, 10:20:14 PM
#81
The substantial increase today has been very large, many analysts are waiting for the price at $75k, I think the most difficult to overcome was the resistance at $60k, although it can be seen as a consolidation area to resist bearish attacks, perhaps a pool of liquidity that served the whales to lean on and be able to push the price to new price levels at this time.

In this article they show a possible scenario that could occur, they give a maximum up to $69k possibly.



Quote
If the bulls can drive and sustain the price above $61,825.84, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That could result in a rally to the pattern target at $69,540. If the momentum sustains, the next target to watch out for is $79,566.
Source: https://cointelegraph.com/news/price-analysis-4-12-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-xlm

Until today, a new ATH has been given: 63 287.88 USD
There is never an end. even in 2018, bitcoin collapsed like an historic bubble. Everything is over, we are in an exciting market and continue to be the new ATH ~ 63k $. It crossed the $ 60k mark after four repetitions. I think the $ 130k that the major institutional investors are targeting seems to have kicked in.
hero member
Activity: 2632
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April 13, 2021, 08:21:03 PM
#80
Yeah multiple times now that Bitcoin breaking 60k and then falling down to 58k again and I doubt that if we will not break that 62k $ surely the value will fluctuate again.

I believe bitcoin has just broke into new territory... $60k is now a support line. It is still early this bull run, it will break new territory at some point this year. The way bitcoin is now, I don't believe this bull run is over by any means, as I believe there is still potential to see it hit $70k and above in 2021. However, until a clear break of the support line is observed then I see no reason to initiate a sell strategy.


We will have to see it first, the last time we broke into $60k++ territory, it didn't hold that much. So it's hard to say that $60k will be the support line as the price is fluctuating and I saw that it dip to $59k. I hope that this week will be a good rally and will see the price above $60k and a new all time high.

But it seems that we can't breach above $60k and on the contrary many are selling. Although it's hard to see the price somewhat stabilising in this region, I'm sure that another break out run will happen sooner or later.

We seem to have had a breakout run even before I expected. I hope $60k support line will hold out this time.
I guess the price triggered Coinbas's Public listing, but I don't plan on selling because I don't think it's over yet. Everything looks good for now.


And again, bitcoin proves me wrong, I thought that we are somewhat staying in the $59k-$60'ish. But then again we have some good news that put the price to a new all time high again and another break out run ensures.

Of course, no plans or selling either, we will have to get to 6 digits first and see if the market continues to grow. So better be just a long term holder, buy in dips if you have some funds just lying around. And as I have said before, look for the long term. As we might see this year and the next couple of years around $200k++.
hero member
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April 13, 2021, 05:30:46 PM
#79
After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?

It's not a practical idea when we're at the tip of price spikes, because I feared that we will be lost on this point. That's too risky specially when there's a possibility that day traders would have to play during fluctuations. That scenario is beyond our control, but when demand continues to grow I think that current price would remain stable and I prefer to wait until price starts to go down before I get in.
hero member
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April 13, 2021, 03:06:24 PM
#78
Shoeting into this bullring is crypto suicide.  Is there still time to get in..yeah for sure.  Will it go down from here sure it can but I dont think 62-63k will be the all time high ever.  This will at some point get to 100k and upwards so why not buy in now and just hodl and enjoy the ride.
That has been my case since about 20k and people still haven't caught up with it, most people did see that which is why we are at 60k but there are still so many people left who think that bitcoin is at peak point and it will drop from here. I just do not see how that is possible, I think it is not going to be that impossible to see bitcoin at 100k, that means nearly 40% profit and that is not something you can make in the fiat world, plus if you do some altcoins as well they could go up even higher.

Look at BNB for example, that was like 20-40 dollars only 2-3 months ago, right now it's nearly 600 dollars and that's just proof that if you can pick the right coin and invest, you could literally make enough money to change your life, not enough that you will never have to work again (depending on your capital) but a 10x to 20x increase in your portfolio would definitely change your life.
legendary
Activity: 3752
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April 13, 2021, 08:30:57 AM
#77
After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?

Shoeting into this bullring is crypto suicide.  Is there still time to get in..yeah for sure.  Will it go down from here sure it can but I dont think 62-63k will be the all time high ever.  This will at some point get to 100k and upwards so why not buy in now and just hodl and enjoy the ride.
legendary
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April 13, 2021, 08:24:53 AM
#76
The substantial increase today has been very large, many analysts are waiting for the price at $75k, I think the most difficult to overcome was the resistance at $60k, although it can be seen as a consolidation area to resist bearish attacks, perhaps a pool of liquidity that served the whales to lean on and be able to push the price to new price levels at this time.

In this article they show a possible scenario that could occur, they give a maximum up to $69k possibly.



Quote
If the bulls can drive and sustain the price above $61,825.84, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That could result in a rally to the pattern target at $69,540. If the momentum sustains, the next target to watch out for is $79,566.
Source: https://cointelegraph.com/news/price-analysis-4-12-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-xlm

Until today, a new ATH has been given: 63 287.88 USD
hero member
Activity: 2716
Merit: 552
April 13, 2021, 07:03:12 AM
#75
~snip~
How about the price not staying at $60k? It has move to a new ATH right now, $62k ang probably going strong as the trading starts on North America now. So this is going to be an exciting week for bitcoin traders. Don't short though in this rally, as for sure you will be rekt. So I'm expected a good momentum going to $65k-$70k at the end of the week or in the next 2 weeks or so.

I might say the same. Too early to go short. I can see the price keeps pushing beyond $62,000.
This might push beyond $65,000 or not more than $70,000. So, In my humble opinion it's safe to short at the middle of that range.
At this very moment Bitcoin has been flirting to $63,000, currently trading at $62,900+.
If there will be a good momentum that resembles the January to February bullish run, we might see an $80,000 Btc price.
legendary
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April 13, 2021, 06:48:36 AM
#74
It seems to me that we should be guided not by Plan B, but by the real state of the economy around the world... As long as the printing press is printing dollars at the speed of light we will grow, as soon as the printing stops - most likely there will be a depression in all markets... But I believe in 100K, although I wouldn't buy now on resistance!

To be fair, I do believe that technical analysis simply looks at market factors, demand and supply and especially this stock to flow model only strictly looks at that.

But other economic factors of course play a part, and this will only help this model to become reality (when fiat value becomes low and people move to Bitcoin for example).
hero member
Activity: 1344
Merit: 540
April 13, 2021, 06:09:58 AM
#73
If bitcoin prices stay at 60k mark for a week, I am pretty sure that it will reach 70k mark real fast like what it did when it was around 20k, it glided at 30k and then a resistance at 40k and then a glide at 50k and so on.
How about the price not staying at $60k? It has move to a new ATH right now, $62k ang probably going strong as the trading starts on North America now. So this is going to be an exciting week for bitcoin traders. Don't short though in this rally, as for sure you will be rekt. So I'm expected a good momentum going to $65k-$70k at the end of the week or in the next 2 weeks or so.
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