When Bitcoin is going cross $60k? | Bitcointalksearch.org

yohananaomi

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Quote from: STT on February 19, 2021, 05:05:38 PM

Seems like Bitcoin is in a bit of a price squeeze, its a commodity which can do this as people chase the price it will not release new supply like a normal commodity might do so. Theres normal sellers of course but not a great supply vs the new demand in buyers.

Chart I can see today has barely pulled back, I put roughly where it should fall below to show any weakness. Its far off its normal measure of accumulation.

If you get pressure because there is no demand, especially a large supply, according to my friend. is it possible that the price will be able to fall more than the white line up and be between the two white and yellow lines !!!
because if that happens there will be a significant decrease.
it should be in the range of $ 45K- $ 40K alone the decline will occur.
whether with a decrease, there will automatically be a large demand for investors to buy it, which will cause the price to rise.

* / the graph that you make is very good. I really want to be able to learn how to analyze properly with a program like you,

Silberman

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Quote from: Vishnu.Reang on February 19, 2021, 12:23:27 AM

Looking at the order books of various exchanges, the demand seems to be outstripping the supply by some extent. A few days back, it looked as if breaching the 50K resistance level may take some time, but it was overcome relatively easily. Now it should be a smooth journey towards the 100K mark, and I expect the prices to reach there within the next 1-2 years (or even before that, given the massive interest shown by some of the institutions and corporations).

When it comes to bitcoin the ride will never be smooth, today the price is being pushed by the bears and we are close to being pushed outside 50k, I do not think this is going to last for long but we suffered a correction of 12% in just a day and while for people like me that is just normal as I have been here for a long time, when I think of all the newbies that joined the market during the last weeks then there is no doubt they are going to get scared and sell their coins and force a correction in the price, making our way to 100k way more difficult than what it should.

LUCKMCFLY

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The correction that the Bitcoin market is experiencing right now must be seen as something normal, and it is something healthy, it may be correcting to gain strength and grow even more, certainly there are many factors that support my theory, such as celebrities buying Bitcoin, together with Microstrategy, Paypal and those companies that buy anonymously, in that case, I think it will continue its bullish path ..... And when it reaches $ 60k I think it will quickly surpass it, many expect the price to be $ 100k.

doomloop

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Quote from: bitgov on February 17, 2021, 05:43:43 AM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?

You could never know what is going to happen, but not knowing what is going to happen is not a reason for not being ready neither. I personally have zero clue what is going to happen, and I have seen my coins go nearly 10x now and I could have easily gone away and sell all my coins, I bought at around 6.5k and that is about 9x increase so far and going even higher as we speak, which means I could sell right now and be in very very much profit.

But I am not, why? Because I could have sold it at 30k as well but I didn't and made more money, could have sold at 40k and could have made more money, people called me greedy and I will lose all my money for being too greedy and I still didn't sold and still made a profit when it went over 55k+ as well. So long story short be ready for a fall, do sell if you are in big trouble, but otherwise just keep holding as long as you can.

TinaK

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Quote from: Rana590 on February 22, 2021, 09:36:53 AM

It was near the $60k but at this moment, price is decreasing. Currently the price of Bitcoin has dropped below $50k and may drop several more. The next step is expected to exceed $60k when prices continue to rise again.

Obviously the current market is dropped, so other altcoins also slowly dumped in the market. But still it is maintain a $52k in crypto market and some big whales are involved in BTC investment so as soon as possible it will going to moon.This crash is a perfect time for crypto investment so those are waiting for crpto investment they find a right way and pick a perfect manner.

Rana590

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It was near the $60k but at this moment, price is decreasing. Currently the price of Bitcoin has dropped below $50k and may drop several more. The next step is expected to exceed $60k when prices continue to rise again.

STT

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Just watching this price action, 55k is the recent low to start this week and we can see looking sideways this area forms a critical section of the upper price band. Im also looking at the higher prices since the high on the weekend and if that trend is broken or continues, ideally we could observe this on 4hr bars.

Pamadar

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Quote from: Casdinyard on February 21, 2021, 12:02:09 PM

Still Possible for this month. The market price is now really close to $60k and if the situation will continue for the rest of this month, there is a huge possibility for Bitcoin to cross such market value.

Yeah right, it's closer and closer and if this movement will continue, the chance of breaking that level is very high.

Quote from: Casdinyard on February 21, 2021, 12:02:09 PM

Not unless there will be a sudden correction which is also having a tendency to occur anytime, always.

It's part of the cycel, once sell take place those weak holders will follow, bringing down value for some time.

Quote from: Casdinyard on February 21, 2021, 12:02:09 PM

The market situation is always two-sided knowing how unpredictable the market behaves not only for Bitcoin but to other cryptos as well.

Risky but worhty once you understand how the market works and what are the potentials, volatility can be your friend, it can bring decent profits.

Quote from: Casdinyard on February 21, 2021, 12:02:09 PM

So we better be not carried away too much. We should still be cautious with our actions in our investments.

Correct! it's vey important to work carefully and keep your guard up as always to avoid making mistake.

LUCKMCFLY

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As the market behaves, it is much more likely that the price reaches $ 60k than there will be a correction, not only because of the volume that is clearly buyer. I think that the price increase is because institutions worldwide have announced that they have bought bitcoin and that they are going to buy bitcoin, one of the ones that most catches my attention is Apple, it really has me intrigued, because it is a company that does not He hesitates when it comes to investing and if he is trusting Bitcoin it is because his financial advisers have already realized that bitcoin has the potential to secure the future of the corporation.

Casdinyard

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Still Possible for this month. The market price is now really close to $60k and if the situation will continue for the rest of this month, there is a huge possibility for Bitcoin to cross such market value.
Not unless there will be a sudden correction which is also having a tendency to occur anytime, always. The market situation is always two-sided knowing how unpredictable the market behaves not only for Bitcoin but to other cryptos as well. So we better be not carried away too much. We should still be cautious with our actions in our investments.

justdimin

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It is obvious that we are doing great so far but remember that the psychological 10k limits are always there and always takes time, do not hope for it to happen right away, but when it happens it will be quick.

How do I know this? I have been here when it had hard time passing 20k but then it passed and moved to near 30k levels, had hard time going above 30k and dropped under multiple times but went above 40k eventually, and now we were here for a few weeks and failed to go above 50k, but near 60k right now. So, anytime it passes that 10k levels it has hard time for a few weeks and then passes it easily and gets closer to other 10k limit.

I believe it will be here until end of the month and then be about 65k+ once again, that is how it has always been during this bull run and I do not see any reason why that would change for this time around.

TheGreatPython

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Quote from: mich on February 19, 2021, 05:21:41 AM

Very good question and its a question most of us are thinking about all the time. $60K is the next big milestone for chart watchers.

We are getting close to a price point for bitcoin of $53K but personally I feel when we touch $55K it will be holding on for dear life time.

We should also all remember that we waited for bitcoin to reach 50k a lot longer, it just did that jump during that week but that doesn't mean that it was nowhere near before as well, it was always trying to go up. What does this mean? This means bitcoin can stay at around 50-52k range for a whole month, or even few months, and not move under 50k and not go above 60k during all those weeks and months, and one day you wake up and price is 63k, that kind of stuff happens in bitcoin world.

So, think of it like something that rarely happens but when happens it happens very quickly, that's the point. Which is why I have to say we should be careful, same could go for going down as well, we should all get our stop losses ready because price could fall under 50k as well and could even go under 40k very quickly, which means we could lose a lot of money. I would say putting a stop loss at 45k or so would be smart move.

Dave1

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Quote from: Farma on February 20, 2021, 02:57:06 AM

looks like it is very close. currently bitcoin price is just under $ 5k to get to that point. I suspect that the remaining days of this month will see bitcoin price hit $ 60k, or before next March. however, the day we can see a very high price for bitcoin is coming.

We are almost there as the price reaches $57k and in the next 4 hours we might see $58k, so that is a big jump already. So it's possible that we see bitcoin price hitting $60k before the end of this month. And then we will be on another speculation as whether the price could be sustained at this level or see some incoming price correction. We will see, but definitely everything look bright at this point.

Farma

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looks like it is very close. currently bitcoin price is just under $ 5k to get to that point. I suspect that the remaining days of this month will see bitcoin price hit $ 60k, or before next March. however, the day we can see a very high price for bitcoin is coming.

AliMan

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Quote from: bitgov on February 17, 2021, 05:43:43 AM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?

The price would come to a certain point that it would struggle to obtain a price towards $60k. We will see several drop this time but within a range between $55k to $60k. Hopefully next month is the fulfilment of that predictions, because $100k is our ultimate potential price to break here.

FlightyPouch

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We will be reaching that his week for sure. The price is at $55K right now and it is not showing any signs of stopping which means that it would quickly reach $60K if we don't have any resistance keeping us from reaching the goal of this week.

Either way, we don't need to be so rush about reaching this price mark because, with a lot of interest in it and investors warming up to bitcoin, we will absolutely reach it. Consider it done as they've said it.

Oceat

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Quote from: masterzino on February 19, 2021, 02:58:13 PM

Quote from: bitgov on February 17, 2021, 05:43:43 AM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?

Watching the current bull run, I guess we will have to wait for just 24 - 48h!

We are very close to $55k, and the news is that the support level is now over $50. So it's just a matter of a little more faith to touch the $60k.

It just broke $56k today, so what do we have to do now? Wait?
Maybe we'll wait another week until Bitcoin hit the $60k or maybe it will going to happen soon?
I can't tell it exactly but it keeps on pumping up, I wonder who's buying right now?
I can't believe it would going to hit $100k soon but it seems it's not possible yet in my own perspective but the more large institutional investors join us the more I see the $100k becoming real very soon.

uray

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Quote from: snipie on February 19, 2021, 01:30:48 PM

Bitcoin right now is rising steady and the new price is $54,890, not sure if this is the new ATH or not but definitely won't be the last! $60k is the next checkpoint Wink

It is a matter of time we will cross $60k and the price is still rallying and it is difficult to predict what is going to happen and with the price so high in February i am really confused what the valuation would be by the end of this year as these valuations were expected by the end of this year but it reached already and i am really confused how the market would be.

StreakW

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Quote from: bitgov on February 17, 2021, 05:43:43 AM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?

Just waiting, Currently, almost $56K, so only need around $4K is easy. We will see it this week or next week. Remember that we don't have any FUD or bad news about Bitcoin, so growing to $60K is easy.

Actually, i think you don't need to ask when going to $60K. Just hold your BTC because our final target maybe $100K-$200K

STT

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Seems like Bitcoin is in a bit of a price squeeze, its a commodity which can do this as people chase the price it will not release new supply like a normal commodity might do so. Theres normal sellers of course but not a great supply vs the new demand in buyers.

Chart I can see today has barely pulled back, I put roughly where it should fall below to show any weakness. Its far off its normal measure of accumulation.

Topic: When Bitcoin is going cross $60k? (Read 510 times)