Topic: Will Bitcoin get back to 60K this week? - page 5. (Read 847 times)
Bitcoin cannot exceed the most recent ATH. It was the last ATH.
Based on the market today, there is a possibility it could reach a new ATH again. But then again, we really are not that sure yet. Or it could go the other way around and drop its price back to around $50k. And I could still see a lot buying Bitcoin at its current price too.
If the price continuously faced resistance, we won't see bitcoin price surfaced towards $60k this week. There's an attempt, but not really having faster increase because of huge sell orders, that made it harder to recover.
Most probably, we will see price between $54k to $58k going up and down this week. Maybe if there's some minimal spike it quickly goes down due to random fluctuations.
As what we have seen in the market as of the week the resistance were hardly taking control over bitcoin market. As of now, recently i have checked the blockfolio bitcoin market value was still in a $54, 380 where only a few moments later it is now become $57, 259, it's a +5.30% difference. What is this indicate? Or what does this only shows? Well for me the market only shows that even how strong the resistance is, bitcoin market can still withstand with it, and this is how so far the difference of bitcoin market compare to it's market wayback 2017-2018. Most probably, we will see price between $54k to $58k going up and down this week. Maybe if there's some minimal spike it quickly goes down due to random fluctuations.
I am positive Bitcoin will still get back to $60,000 within the week. The week might not close with Bitcoin's price successfully holding on to $60,000, but I am almost sure it will recover up to that price within the three days left of the week. In fact, the 24-hour high is only hundreds short of $60,000. We have hit $59,400 within the day so $60,000 within 3 days is not a challenging target for Bitcoin.
There is nothing that we should be worried about with the price. It could be 60k back this week, or maybe it will go back to 40k, it doesn't matter, why? Because no matter how high or low it gets, we are dealing with a bull trend, corrections happen all the time, we just very recently went from 58k to 43k and managed to get higher, so who cares if we end up going down? That is why I think it is not going to be a big problem for us, it is going to end up being higher in the end so that is what we should be focused on.
If you think it will go down, it would be wise to keep following bitcoin price and put buy orders here and there so that you could buy when it is going down, that way you would have a lower average and when it goes up, you could end up in big profit. I think we will not stop until we see 100k+ price and that is why these small drops never bother me.
If you think it will go down, it would be wise to keep following bitcoin price and put buy orders here and there so that you could buy when it is going down, that way you would have a lower average and when it goes up, you could end up in big profit. I think we will not stop until we see 100k+ price and that is why these small drops never bother me.
If the price continuously faced resistance, we won't see bitcoin price surfaced towards $60k this week. There's an attempt, but not really having faster increase because of huge sell orders, that made it harder to recover.
Most probably, we will see price between $54k to $58k going up and down this week. Maybe if there's some minimal spike it quickly goes down due to random fluctuations.
Most probably, we will see price between $54k to $58k going up and down this week. Maybe if there's some minimal spike it quickly goes down due to random fluctuations.
Probably will break $60 in a few hours. Basically the fed will keep printing more money, interest rates low, JP Morgan will allow BTC purchases for some rich client and the most obvious is the stimulus cheques which are being depositted today and tomorrow.
There was a survey which said that 3% of all stimulus cheque recipients will use it to buy crypto which is like $10 Billion or so. Hence the next week should be interesting, I think we might go to $65-68K before finally pulling back again. However at these levels, its getting very toppy. Especially since these figures are almost $100,000 in Aussie and Canadian dollars. Eventually the early investors will start taking profits.
There was a survey which said that 3% of all stimulus cheque recipients will use it to buy crypto which is like $10 Billion or so. Hence the next week should be interesting, I think we might go to $65-68K before finally pulling back again. However at these levels, its getting very toppy. Especially since these figures are almost $100,000 in Aussie and Canadian dollars. Eventually the early investors will start taking profits.
Here you go its done it pretty fast. broke the downtrend and rose from there. I would speculate its aspirations are capped for near term though its not for sure. The reason being why that would happen is fast traders engage in the price for this rise but sell at the top and many do so with borrowed money, day traders dont hold positions over night hence we tend to reset as people close out and go spend the profits and so markets run in cycles through the various time frames. So it'll pull back a little bit probably maybe say 57.5k
60K or 50K?
Even we ask if Bitcoin will go back to $40k, people will say there is a chance, the same answer to $60k or $50k. Whatever it happens, either we are going back to $60k or not, investors will still give their support and they will still invest. I know price really matters in investment but the most important I think is to see having a sustainable market.
But I think that price is vulnerable to a possible dump after hitting the new ATH.
60K or 50K?
I missed exiting Last time when the Value Hit 61,000$ and now looking for that same value to at least take mine . i know that Bitcoin price will break more than that but i am determine to decide taking profit as i am in need now.But regarding the question , The support stands to 50k so it will be considerate to expect at least another 60k before the 1st quarter ends.
60K or 50K?
Bitcoin price can get back to %$60k, but we do not know when it will be back to that price. Maybe it will not be back this week, but it will be back in the next week or month.
The important is you must be ready because bitcoin price can back to $60k at any time.
So before that time comes, you can use this time to buy as much bitcoin as you can, so when the price starts another rally to the $60k, you already have bitcoin and you can sell at the other high prices.
I just saw this article coming from Decrypt saying that:
After posting this, Bitcoin went down to day to as low as $53,300 but it rebounded immediately and now sitting at $55,000. Buyers are still in control I think base on the price movement right now since it bounced back after a short decline caused by this news/FUD.
With regards to the question, if FUD's keep spreading in the next days the support of $50,000 might be touched again but if it doesn't then possibly a $60,000 is possible after it pierce the resistance at near $57,000.
Quote
A co-founder of cryptocurrency derivatives exchange BitMEX has surrendered to US authorities.
Ben Delo, a British citizen, was wanted on charges of flouting US anti-money laundering laws. As part of a surrender agreement reportedly negotiated with federal prosecutors in coordination with the Federal Bureau of Investigation and US Customs and Border Patrol, Delo flew from the UK to New York City, where he was arraigned remotely today.
https://decrypt.co/61548/bitmex-co-founder-surrenders-in-new-yorkBen Delo, a British citizen, was wanted on charges of flouting US anti-money laundering laws. As part of a surrender agreement reportedly negotiated with federal prosecutors in coordination with the Federal Bureau of Investigation and US Customs and Border Patrol, Delo flew from the UK to New York City, where he was arraigned remotely today.
After posting this, Bitcoin went down to day to as low as $53,300 but it rebounded immediately and now sitting at $55,000. Buyers are still in control I think base on the price movement right now since it bounced back after a short decline caused by this news/FUD.
With regards to the question, if FUD's keep spreading in the next days the support of $50,000 might be touched again but if it doesn't then possibly a $60,000 is possible after it pierce the resistance at near $57,000.
I dont like guessing what might happen or not. I try to look at the Charts and see what it tells me. Right now, from a Daily perspective, in BTCUSD I would say sells could come in. So I am looking for confirmation on the H4. If I dont get confirmations, I will not sell it then. If I get a confirmation, however, I will then look at the M30 for a "perfect" entry... Speaking in Pictures:
Based on market data displayed by TradingView, it appears that Bitcoin price has dropped to its lowest level at $ 54,600, and buying action is still needed to prevent the bearish action from deepening.
and a series of recent developments have driven fear, uncertainty and doubt or the FUD factor.
but I am optimistic that bitcoin will go up again even though it does not reach $ 60,000 in the near future but I think it is still in an uptrend situation with a good price.
and a series of recent developments have driven fear, uncertainty and doubt or the FUD factor.
but I am optimistic that bitcoin will go up again even though it does not reach $ 60,000 in the near future but I think it is still in an uptrend situation with a good price.
I doubt it will , Maybe just like what happened recently that the fall happens for more than a week before spiking back again and breaking the ATH 58,000$
but like what above says "No One Knows"
but like what above says "No One Knows"
everything is possible, in this period there are also significant changes in value on the market, in my opinion it will reach 60k over the weekend
60K or 50K?
Do you care/ I'm not 
And why only asking for 60k when we are aiming for 75k the next pump bitcoin will do, So if i were to ask i will ask if when will Bitcoin break the 75,000$ value and that is enough for me to sell out for a while and rest waiting for another dump even if this take the whole year of 2021.
everything is possible, in this period there are also significant changes in value on the market, in my opinion it will reach 60k over the weekend
over the weekend or just today? because we have much higher expectation for the weekend . 60K or 50K?
No one knows, we are still in the middle, $55k, but it seems that the FUD has stop or something that's why the price now moves sideways. If there is such a FUD, obviously, we will have seen the price going < $50k by now.
So we will have to wait, for sure, big companies are going to take advantage of this -7% to fatten their wallet again. And for average Joe like us, we can still invest and take advantage of this correction also.
It's still holding support at $55k, so it still can go on either direction. Recently its rejects $60k and as a result the price goes down a bit, but nothing to worry though. Just the normal process that we go through like every month. So I wouldn't worry, sentiments are still very bullish and I will say that most likely we will get back to at least $60k at the end of the month.
If you're asking because you're worried about your investment, you ain't see nothing yet. We've seen -20% regularly in crypto, and last year's crash should remind you how volatile and crazy the market is.
Just DCA if you believe that bitcoin is valuable and worth more than the current price, and if you don't believe that then cut some loss and only risk the money you can afford to lose. Don't be stressed out, crypto is a wild ride.
Just DCA if you believe that bitcoin is valuable and worth more than the current price, and if you don't believe that then cut some loss and only risk the money you can afford to lose. Don't be stressed out, crypto is a wild ride.
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