It's not the end, $60k again - page 6.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: sunsilk on April 11, 2021, 01:31:41 PM

If the target is $100k then $59k-$60k is a good price to get in. There will be some doubts that it could go higher if people think that $61k was the top that bitcoin can ever reach. But if we compare to the other past levels that we've met.

We've thought of the same thing that it was the peak that bitcoin can do. The market has just reached $2T in the market cap itself and this is just another milestone that shows that we're on the train that's not going to stop anytime soon.

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.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: Japinat on April 11, 2021, 06:31:29 AM

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

It's not that simple, Bitcoin market is a complex mechanism and it's not functioning according to our wishes. I know that it looks easy for Bitcoin price to breach any boundary so once it reached one level why not get to another but that would mean that price can rise limitless and we all know it isn't so. In fact by now I expected sone bigger, although short term corrections, to happen. Anyway, patience is crucial as well as predictions of market behaviour.

sunsilk

hero member

Activity: 3038

Merit: 634

If the target is $100k then $59k-$60k is a good price to get in. There will be some doubts that it could go higher if people think that $61k was the top that bitcoin can ever reach. But if we compare to the other past levels that we've met.

We've thought of the same thing that it was the peak that bitcoin can do. The market has just reached $2T in the market cap itself and this is just another milestone that shows that we're on the train that's not going to stop anytime soon.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: xSkylarx on April 11, 2021, 05:07:36 AM

Quote from: bitzizzix on April 10, 2021, 02:05:39 AM

As most people said in April, bitcoin will show a new ATH and it looks like bitcoin increase is also bringing altcoins up from their previous price.
It looks like bitcoin price will continue to increase gradually towards the new ATH for the next ATH, and there is a lot of good news that could influence bitcoin to continue to increase, and I am very optimistic that the $ 100K price will happen in the next few months and even exceed that price.

I am also hoping the new ATH will be like this. Bitcoin dominance would stabilize below 56 while the price slowly going up so altcoins can keep up their pace too. This would benefit everyone even if you are a bitcoin maximalist or alts. $100k is really possible but the question is how big will the correction be like before it reaches that price? If $70k is the next target for the ATH, would it have a correction like 30% or maybe even more when ghost month happens.

Long-term holders do not really care about the big correction, even if it is altcoin or bitcoin. Day traders or panic sellers are the ones who most affected by such correction. Correction is likely to 20% but I suspect that 30% correction is possible. The higher the price of bitcoin, the bigger the correction will be. So I will try to sell my coins at the next ATH and wait for the big correction for accumulation.

The indicators have pointed that the uptrend is still controlling the market and therefore, buying is the better option than selling. I will wait for more information in order to see whether the trend will reverse or not. I believe that bitcoin will change its state from buying to selling around the first term of 2022. But that is just my subjective prediction. Bitcoin has already grown more than 18000% from $3500

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: Little Mouse on April 09, 2021, 11:29:15 PM

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.

Personally (not based on any of technical) I expect bitcoin prices to double in coming 2-3 months. I agree $100 mark would be the next target (most probably we may see another pullback around $80k levels but it may not sustain for long) but with next bull run toward $100k levels will last up to $120k levels but it will most probabaly happen within the second quarter of 2021.

Quote from: Kelvinid on April 11, 2021, 08:48:50 AM

Only investors will think and hoping that Bitcoin will reach $60k, $80k, or $100k. And not all of us here are investors.

No, I agree not all the people here are investors but if you look into the percentage then investors must be dominating. In my personal experience regardless of your are an investor or trader, always watching about bitcoin markets reaching some peaks as it will be more an important factor for timely decision making hence I believe everyone is bothering all these upcoming ATHs.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: slaman29 on April 11, 2021, 08:00:33 AM

Quote from: Ararbermas on April 10, 2021, 09:45:09 PM

We saw some pull back on the price of BTC because of some rumors about how long the growth rate will last after reaching the new resistance.. Ppl actually scared to stay , but it was a false speculation and look at it now which is exceeded on the predicted value..

Of course it will not the end just like that, infact if we will focus long term investment in it for sure there's a big return as its keeps improving and always make a new ATH every year.. But just always remember to invest what amount you can afford to lose in order to have peace of mind.. Cheesy

I think people are always scared when it comes to retail buyers/speculators who have no intention of holding and are just storing their BTC on exchanges like Binance. They're always putting and adjusting their sell prices for sure, and some of them panic when 60k is not being broken, that's all.

Maybe this is it after all but that's okay for us who'll be here in 2025;)

And more often these people will go into panic selling and FOMO buying.

But to understand that they are also a trader, so they will usually make an adjustment as that the only way, every step-up and step-down of the prices gives an opportunity to gain profit. So I can't blame them for doing this because that is how the trading works. We can never expect them to hold longer but they mostly come along with the trend and immediately sell their coins when seeing some profit.

Only investors will think and hoping that Bitcoin will reach $60k, $80k, or $100k. And not all of us here are investors.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Ararbermas on April 10, 2021, 09:45:09 PM

We saw some pull back on the price of BTC because of some rumors about how long the growth rate will last after reaching the new resistance.. Ppl actually scared to stay , but it was a false speculation and look at it now which is exceeded on the predicted value..

Of course it will not the end just like that, infact if we will focus long term investment in it for sure there's a big return as its keeps improving and always make a new ATH every year.. But just always remember to invest what amount you can afford to lose in order to have peace of mind.. Cheesy

I think people are always scared when it comes to retail buyers/speculators who have no intention of holding and are just storing their BTC on exchanges like Binance. They're always putting and adjusting their sell prices for sure, and some of them panic when 60k is not being broken, that's all.

Maybe this is it after all but that's okay for us who'll be here in 2025;)

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Japinat on April 11, 2021, 06:31:29 AM

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

I am sure bitcoin will break and back $60k. Maybe bitcoin gives the altcoin time to increase because we now see many altcoins trying to lift the price and break the high price shortly. After the altcoin times, that will be the time for bitcoin to back to increase. And in that time, maybe bitcoin will back to $60k and still increase, so wait and see.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: Little Mouse on April 09, 2021, 11:29:15 PM

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?

I never stop believing that Bitcoin will break 60k again and yeah it does but the problem is the value goes ups and down up to now, it cannot even sustain the 60k instead falling back to 58-59k once in a while.
But what I am looking is altcoin in which gaining capitalization this past week.

Quote from: Japinat on April 11, 2021, 06:31:29 AM

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

Obvious mate, it is the altcoin pumping , XRP has 127% increase in the last 7 days, Binance has 34% and the rest of the gang while Bitcoin only gains 2%.

Japinat

hero member

Activity: 3052

Merit: 685

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: thecodebear on April 10, 2021, 07:44:40 AM

If you're a hodler you haven't once thought of selling yet. Getting in at $50k or $60k or $100k or $150k means youre a bitcoin early adopter. Thinking about selling at $60k means you want to get out before things start getting interesting. As a bitcoiner the only thing you should be thinking about now is that you need to keep stacking sats now that the world is just barely starting to take bitcoin seriously. Five figure prices will not last long. Six figure prices should last a good number of years but that is still a transition stage. 7 figure prices (over $1 million) is when bitcoin price is maturing. As a hodler thats what you're waiting for to start spending your bitcoin. Personally I plan on allowing about 10% of my bitcoin to be spent well up in the 6 digits, and the other 90% probably wont be even touched until bitcoin is at 7 digits. Because at that point even very large purchases take only a tiny fraction of a bitcoin.

I guess if you think that bitcoin is nearing the end, that means you should not be in this at all. I have seen so many things in crypto that I can't really end up caring about this all the time, I am really way too busy to think about all the drops bitcoin has.

We had a 58k to 43k drop just like last month or month before that I forgot when it was but that wasn't the end, we broke over 60k after that, so if people think that this small tiny drop was the end, they are really losing it. I think people who trade bitcoin or an investor you should be going strong and not really care about what is going daily, there is really way too much volatility to make you crazy.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: bitzizzix on April 10, 2021, 02:05:39 AM

As most people said in April, bitcoin will show a new ATH and it looks like bitcoin increase is also bringing altcoins up from their previous price.
It looks like bitcoin price will continue to increase gradually towards the new ATH for the next ATH, and there is a lot of good news that could influence bitcoin to continue to increase, and I am very optimistic that the $ 100K price will happen in the next few months and even exceed that price.

I am also hoping the new ATH will be like this. Bitcoin dominance would stabilize below 56 while the price slowly going up so altcoins can keep up their pace too. This would benefit everyone even if you are a bitcoin maximalist or alts. $100k is really possible but the question is how big will the correction be like before it reaches that price? If $70k is the next target for the ATH, would it have a correction like 30% or maybe even more when ghost month happens.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Little Mouse on April 09, 2021, 11:29:15 PM

What do you think? Is it still a good time to get in?

Yes, and I'm quite confident with that. Those predictions who says that Bitcoin is still at the early stage bullrun might be correct. If you notice, Btc didn't even touched below the strong support, instead it was stabilizing around $55,000 lately. We still have tons of positive news. Institutions still coming in to the market, companies and local governments are gradually accepting Bitcoin as a salary and payment for service.
So, with this news alone I could tell Bitcoin is heading to a 6 digit figure.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Even if you don't make a reference to @100trillion's twitter post, you could still foresee that the future of Bitcoin is still a lot bigger. You can easily do a rough math about the situation of Bitcoin right now, its growth pace, and the potential future it will have.

The world is not yet on Bitcoin really. It is not even 20% of the world's population yet who are into Bitcoin. And if you see that large institutions are already getting in, there's no reason the people won't do the same. We are still considered the pioneers and $60,000 Bitcoin is still very cheap.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: NeuroticFish on April 10, 2021, 05:28:03 AM

Me too, especially with the long week-end in some countries.
But it's not too late Grin

And let's see if the ATH will also hold.

The week may be indeed interesting, since I think that the last downtrend was somewhat unnatural, based on how much bitcoin is leaving the exchanges.

I almost forgot about the long weekend! Wonder if that had anything to do with it (not that holidays ever do, but you know when US and Europe sleep, the market kind of does too).

Looking better with every passing hour, but at the moment it's alts that are really moving strong in this current (especially the one I can't really bring myself to say that rhymes with "defy" heh.

Apparently miner outgoing flows also thinning so maybe it's all converging together right now!

pooya87

legendary

Activity: 3472

Merit: 10611

There is no doubt that we are currently at the very early stages of the bull run and in fact when price is acting like this with a lot of pull backs behind an arbitrary resistance level (ie. $60k) while the trend is an accumulation trend, it proves that we are in the early stages of the bull run.

Other than that checking the history shows that price should reach at least $400k to be the same size as previous cycles, not to mention that each cycle grows in magnitude so price should technically go higher that that too.
Also seeing the adoption and how it has been growing over the past few months is another indication of the early stages of the bull run.

... and yet people panic sell Cheesy

Ararbermas

sr. member

Activity: 2016

Merit: 283

We saw some pull back on the price of BTC because of some rumors about how long the growth rate will last after reaching the new resistance.. Ppl actually scared to stay , but it was a false speculation and look at it now which is exceeded on the predicted value..

Of course it will not the end just like that, infact if we will focus long term investment in it for sure there's a big return as its keeps improving and always make a new ATH every year.. But just always remember to invest what amount you can afford to lose in order to have peace of mind.. Cheesy

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Dave1 on April 10, 2021, 07:10:54 AM

Quote from: michellee on April 10, 2021, 06:02:08 AM

After reaches $61k-$62k, the price is down again and stable at $60k. That is a good news to us because finally, bitcoin price can back to $60k and I hope the price will not go down again but it will increase more and break $65k. If the price can really rise to that prediction price, it will attract more investor because they do not want to be late to invest in the bitcoin. The price will not just stop to the price now because sooner or later, the price will have another rally to break the new ATH.

Did it really reach $61k in the current rally (last 12 hours), because the highest I've seen is $60,900.

I don't think though that we are going to see a stable price of $60k, it's either to and continue to rally to $65k or we will see a slid again to a support of like $57k. So there's a lot of time to go and buy for long term. Hard to short at this kind of rally as obviously, shorting will get you rekt.

Yes, it is. In Binance, if I am not mistaken, it reaches $61,900 almost $62k. In Bittrex, the bitcoin price reaches $61,304. I do not know how much bitcoin price in other exchanges because we have many crypto exchanges and I am sure every exchange will have the highest price.

It will stable for a while in the current price or lower or higher but it will soon continue the rally to $65k. I think from now on, the price will start to increase slowly and stable, but we will see it later.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: gbrendeh on April 10, 2021, 06:48:13 PM

I don't see this current bull run taking any bow throughout this year and there is no time that is too late to get in as long it is not capital needed for the next 2 years. We are still in the early stage

From my point of view, there is no right or wrong time to get in. As long as you will sell your coins higher than what you bought, you're all good. And with this current performance, I believe, bitcoin has still a lot in store for us. Just need to assess your timeline here, are you for long term or short term investments? How long can you hold your coins?

gbrendeh

jr. member

Activity: 172

Merit: 1

I don't see this current bull run taking any bow throughout this year and there is no time that is too late to get in as long it is not capital needed for the next 2 years. We are still in the early stage

Topic: It's not the end, $60k again - page 6. (Read 1170 times)