Will Bitcoin get back to 60K this week?

TheGreatPython

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Quote from: Ewox on April 11, 2021, 04:09:04 AM

Bitcoin just reached $60k recently and people are eyeing for Bitcoin to reach a new ATH again within the month. But I feel like it’s backing up its price again, but I hope to it won’t dump to like half of its current value now. People might panic and would for sure sell most of their assets, good thing for some so they are able to buy back again Bitcoin at a lower price; bad for some and for those who bought Bitcoin at around $40-$50k if it’ll really dump half its value now.

I think it is bad for everyone, I understand that there could be some people who hope for buying it low and getting richer when it goes up. However when a crash happens and it drops there are two type of situations that doesn't help people who want it to go down so they can buy cheaper. One of them is the fact that when there is a big crash it takes time for it to go back, remember how we were 20k and then dropped to 3k and when it reached back to 20k that was like 3+ years later, and that is why it is not easy to buy at the bottom and waiting.

Secondly many people who say they will buy if it crashes ends up seeing bitcoin as a dangerous thing when it starts to drop that much, I mean there is no way to know what they will think, if you see bitcoin going from 60k to 10k instead of buying at cheap, you may fear and get scared and decide not to buy.

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Quote from: Zemomtum on April 10, 2021, 06:31:41 PM

If BTC should close above 60k this week, then we should be eyeing 70k coming next week and 80k probably before the end of the month. I don't see this bull run ending anytime soon

I'm waiting for the price to reach $60k so we can start supporting the $70k level just like what we've done when Bitcoin is struggling to reach $50k, expect a lot of threads and discussion on $70k after we bridge the $60k level I hope there will no issues on dip which many people always thought of the start of bear trend.

Ewox

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Bitcoin just reached $60k recently and people are eyeing for Bitcoin to reach a new ATH again within the month. But I feel like it’s backing up its price again, but I hope to it won’t dump to like half of its current value now. People might panic and would for sure sell most of their assets, good thing for some so they are able to buy back again Bitcoin at a lower price; bad for some and for those who bought Bitcoin at around $40-$50k if it’ll really dump half its value now.

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If BTC should close above 60k this week, then we should be eyeing 70k coming next week and 80k probably before the end of the month. I don't see this bull run ending anytime soon

STT

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Its reversing back a bit at the moment. I wonder if that means we move to larger tests of the trend and so on. I dont think we are plain sailing just yet, a tweet isnt enough to move price properly imo

I only do bigger charts with actual time on there when its serious, thats how you know :p

yohananaomi

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Quote from: Swopon on March 16, 2021, 02:15:05 AM

It can be happened or not but my strategy says that the level to watch is $58250$. If the Bitcoin price is getting higher than it, the massive change may be seen within a short time. Then Bitcoin will be super duper bullish as we can hope for new ATH too. Time will decide what will be happened as per market demand.

in fact, if the prediction that bitcoin will continue to increase until the end of this year seems like many have predicted that, and I also believe when looking at the past halving, where at the end of the year there will be a sharp increase.

let it be that currently bitcoin is stable in the range that he is currently doing, all for the purpose of having the ability of altcoins to increase first, because altcoins lagged behind when bitcoin rose sharply last year.

because we hope that many altcoins will get their ATH so that this will excite the bounty which has been lonely because altcoins are not exciting, let alone new altcoins. maybe with the stability of bitcoin there is a chance that altcoins will increase.

STT

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Just falling below weekly average right but still above 2 day average. Its easy for it to waver back and forth but if it fails both I'd take it as some negative condition.

Lows at 57.5k I think mark a harder border to measure it by and 60k was the recent high if exceeded would make it a bit more bullish. I think people want to 60k as a low point not a peak by now and BTC price action is still capped in aspirations

elisabetheva

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Quote from: Smitty Werben Man Jensen on March 24, 2021, 11:00:45 AM

Bitcoin should break from $ 58000, because $ 58000 is a strong resistance level for this mid term,
if Bitcoin is able to breakout and stays above $ 58k, my suggestion is Buy !, because $ 60k and even $ 70k can be reached,
so far Bitcoin is still bullish so keep an eye on Of course, if it's below $ 48k the bears will take over, so be careful.

This year is still a year of improvement for crypto, if bitcoin is currently in the $ 50K- $ 57K range is certainly a way for bitcoin to provide an opportunity for altcoins to get an upgrade even to reach ATH, because last year altcoins lagged behind. .
all of these are currently receiving increases that will be welcome as the crypto situation is improving.

tabas

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Quote from: AmoreJaz on March 30, 2021, 06:58:45 PM

Quote from: tabas on March 30, 2021, 06:56:09 PM

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

very likely that we will see again the 60k. i guess, we don't need to wait for months on this price level. it is like at the tip of our fingers. and the good thing - a lot of companies are showing positive interest on bitcoin or crypto in general.

has anyone read lately about MJ joining the $305M Dapper Labs investment . NFT markets are growing. soon, we will see these top sports athletes creating their own NFTs.

We don't have to wait for months, it's just less than $1k away and we're going to be on it again. With the good news that lately came, that will push the price of bitcoin back to that ATH that we've waited.
Haven't heard of that news but that's quite interesting about NFT because it's really becoming popular just as the ICOs before.

AmoreJaz

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Quote from: tabas on March 30, 2021, 06:56:09 PM

Quote from: Baofeng on March 27, 2021, 05:46:26 PM

Quote from: tabas on March 27, 2021, 05:12:17 PM

Quote from: Saisher on March 27, 2021, 05:03:22 PM

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

very likely that we will see again the 60k. i guess, we don't need to wait for months on this price level. it is like at the tip of our fingers. and the good thing - a lot of companies are showing positive interest on bitcoin or crypto in general.

has anyone read lately about MJ joining the $305M Dapper Labs investment . NFT markets are growing. soon, we will see these top sports athletes creating their own NFTs.

tabas

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Quote from: Baofeng on March 27, 2021, 05:46:26 PM

Quote from: tabas on March 27, 2021, 05:12:17 PM

Quote from: Saisher on March 27, 2021, 05:03:22 PM

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

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Quote from: katrina2 on March 16, 2021, 01:44:02 AM

60K or 50K?

First Point: you don't know and no one knows
Second point: Why ask something like this? If yes then what you want to buy now and sell it for fast profits?? Bitcoin is long term bro stop ask when when and when, just buy as much as you can
Third point: You won't regret if you holding it

Fatunad

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Quote from: WatchMaker on March 28, 2021, 08:13:43 AM

Quote from: katrina2 on March 16, 2021, 01:44:02 AM

60K or 50K?

In the last 3 weeks, the bitcoin price has reached the $60,000 mark twice. It's possible for the bitcoin price to breach the $60,000 mark once more before the end of the month of March. Many crypto market analysts were saying the bitcoin price could reach $75,000 to $80,000 before the end of the month of April 2021. The bitcoin price will get a massive boost from the Covid-19 intervention funds by the American government know as "Covid-19 Stimulus Package" up to $1.9 trillion-dollars.

https://www.nytimes.com/2021/03/07/us/politics/whats-in-the-stimulus-bill.html

Not really that a fan on following those analysts calls when it comes to price predictions or possible movement.When there's a breach then we cant determine if it can sustain or
would just basically be rejected off and we would be playing around below 60k price point which is the thing currently happening as of this moment.Playing around 53k-60k price
is something we can consider on consolidation mode.There are not possible big movements on next month to come but we know that there would be sudden
fundamentals or news that pops out from nowhere which would eventually spark out the entire market and can really possibly able to move the market.

WatchMaker

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Quote from: katrina2 on March 16, 2021, 01:44:02 AM

60K or 50K?

In the last 3 weeks, the bitcoin price has reached the $60,000 mark twice. It's possible for the bitcoin price to breach the $60,000 mark once more before the end of the month of March. Many crypto market analysts were saying the bitcoin price could reach $75,000 to $80,000 before the end of the month of April 2021. The bitcoin price will get a massive boost from the Covid-19 intervention funds by the American government know as "Covid-19 Stimulus Package" up to $1.9 trillion-dollars.

https://www.nytimes.com/2021/03/07/us/politics/whats-in-the-stimulus-bill.html

Baofeng

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Quote from: tabas on March 27, 2021, 05:12:17 PM

Quote from: Saisher on March 27, 2021, 05:03:22 PM

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

tabas

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Quote from: Saisher on March 27, 2021, 05:03:22 PM

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Saisher

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Quote from: katrina2 on March 16, 2021, 01:44:02 AM

60K or 50K?

It could go either way as I'm writing this Bitcoin is at $56k the support is very strong there was an indicator that it will go to the $50k level or lower but there's a big rally before the end of the week, so we are in the $56k level, before the start of the month was expecting to hit over $60k,but nevertheless I have a strong believe it will go to the $60k mark this year.

STT

legendary

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I think it needs more time to digest before we speculate higher, very good rise recently but that was both meeting 50 day average and getting some buys from that prior measure of a bottom but also we head into a weekend which helps cease any further negative externally due to closed markets. Next week is holiday week with some days off which I think means we dont especially sell for now, I'd say sideways overall rather then grand movements up or down. The rise is good trade but volume is a bit lacking from what I've seen, i think we repeat recent action before any greater decision to judge strength and longer estimates should be taken.

LUCKMCFLY

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Quote from: Dollar_Hunter on March 24, 2021, 12:53:57 PM

looks like it will be difficult, because there is a strong resistance between $ 57,000 to $ 58,000,
it seems that now the price of bitcoin is breaking down and it's hard to go up even though there is good news from Elon Musk,
but it can't make the Bitcoin price breakout, most likely it will dive even deeper, I'm still waiting at levels below $ 50k

The resistance is evident, but when we look at the daily chart, it has a strong trading life in purchases, although it goes at $52k, the volume clearly speaks for itself, in this case when I look at the chart by tensorcharts.com the volume gives me this information:

It is in red, it means that the trend for today starting is being more sales than purchases, when taking a closer look at trading orders around $49k, this information only for the Bitfinex Exchange, but it gives me an idea of the general behavior of the market. Even despite all this, I think it is very likely that if it reaches $60k, taking into account that it is possible to eliminate the offer in this price range, when it is around $ 60k it will break and continue its bullish path.

tabas

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Quote from: Smitty Werben Man Jensen on March 24, 2021, 11:00:45 AM

Bitcoin should break from $ 58000, because $ 58000 is a strong resistance level for this mid term,
if Bitcoin is able to breakout and stays above $ 58k, my suggestion is Buy !, because $ 60k and even $ 70k can be reached,
so far Bitcoin is still bullish so keep an eye on Of course, if it's below $ 48k the bears will take over, so be careful.

After it has go back to $57k for a while, bitcoin got a dip again at $54k and it's very likely that it will drop some more on its price. It's still bullish though despite the announcement of Tesla's acceptance for bitcoin payments.
The effect of it was fresh yet quickly released and gone.

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