Will BTC Go for Another All Time High This Year? - page 5.

bitbunnny

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Quote from: tokeweed on July 20, 2021, 07:21:23 AM

It’s looking bad guys... 9:00am in Asia BTC was sold down and 9:00am in Europe same thing happened. It’s gonna be 9:00am in the US in 40 minutes or so. I think it would be safe to assume there’s gonna be another sell down. Check the weekly chart. If 28k breaks down, where’s the next support?

True, it's not looking good but every experienced Bitcoin user know that patience is one of the most important qualities of Bitcoin investor as well as awareness that Bitcoin market is very volatile an sometimes also very sensitive when it comes to different influences like current situation in the world markets.
However, there is no need for sudden and rushed decisions although there is possibility that price goes down all the way to k20$. But like I've said, some patience is needed.

tokeweed

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It’s looking bad guys... 9:00am in Asia BTC was sold down and 9:00am in Europe same thing happened. It’s gonna be 9:00am in the US in 40 minutes or so. I think it would be safe to assume there’s gonna be another sell down. Check the weekly chart. If 28k breaks down, where’s the next support?

fuguebtc

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I don't see this happening this year. China's FUD is still spreading and shows no sign of cooling down. Recently, El Salvador recognized Bitcoin as legal tender. This sounds great news but still not enough to get the market green again.
I guess there will be no chance for BTC to hit all-time highs this year but I hope my prediction is wrong.

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Quote from: dunfida on July 19, 2021, 02:14:46 PM

Quote from: tokeweed on July 15, 2021, 11:03:19 AM

Whatever you do, don’t look at the monthly chart. -_-

It’s really looking close in entering another long bear market. The weekly isn’t that much better too. The daily chart looks like it has some hope tho... Lol. Which I find odd.

And I’m surprised there’s only 64 people who voted. Seems like there’s like a hundred people itt.

Yes it is but its unavoidable for someone not to look at since we cant just be biased on only for single timeframe whjich means probability is there but since TA's isnt always precise then all things would be just a presumption.

It is indeed showing off another long bear market but what makes it more hard to tell or determine because it is now been a while it is moving sideways where we wouldnt even know on where it would be moving next.

For now the best thing to do is wait a bit for some entry buts its still on personal choice or decision though.

Yes, that's right, bro, right now it's good to just be quiet and not rush to make a decision, but you still have to be in front of the charts waiting for the right time to buy a whale. the weather has started to be good and the sea waves are still oscillating, sailors are still stuck between advancing or retreating. some sailors are not calm because the whales are often lost in the waves,,

dunfida

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Quote from: tokeweed on July 15, 2021, 11:03:19 AM

Whatever you do, don’t look at the monthly chart. -_-

It’s really looking close in entering another long bear market. The weekly isn’t that much better too. The daily chart looks like it has some hope tho... Lol. Which I find odd.

And I’m surprised there’s only 64 people who voted. Seems like there’s like a hundred people itt.

Yes it is but its unavoidable for someone not to look at since we cant just be biased on only for single timeframe whjich means probability is there but since TA's isnt always precise then all things would be just a presumption.

It is indeed showing off another long bear market but what makes it more hard to tell or determine because it is now been a while it is moving sideways where we wouldnt even know on where it would be moving next.

For now the best thing to do is wait a bit for some entry buts its still on personal choice or decision though.

ene1980

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Quote from: tokeweed on July 19, 2021, 11:45:04 AM

That’s the thing. Denial’s a bitch. And it will prolly take a couple more months before every one of us starts accepting that it really is a bear market... But then again it’s also prolly what the market is waiting for before trending back up again. Cheesy

Anyway, the weekly close was weak. Prepare for some chop.

If you look through that lens then we could say that the market was not performing well for the past few weeks but there is nothing much to worry as anyone invested well before the rally started does not need to worry about his investment as you could book your profits even if they sell now, the market did not went down like everyone is projecting and i am not predicting that we are not going to rally in the next two months but i expect we will have a major market movement by the end of this year.

Saidasun

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I am as bullish as it comes with Bitcoin but I do think we won't be seeing any new ATH this year. Elon Musk will shit over Bitcoin and promote some meme coin which will cause a few waves for us for the next few months. Next year is definitely going to be a new ATH I just do not know how much that will be.

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Bear market is a stock term, I first encountered that description in the summer of 2008 and we had lost 20% from the highs of that year I think. However just after the bear market label popped up we rose for the rest of the summer quite well oil was $130 a barrel, them we came back to negatives in the Autumn of 2008 and Lehmans blew up and so on. Its not an especially reliable way to trade or describe a market as we can easily rise.
BTC is so volatile I would still not know for sure selling was over even if we beat the 200 day average at 45k I'd not assume.

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Quote from: tokeweed on June 25, 2021, 03:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

I don't think the whales broke above $65k by the end of this year, if it's below $50k and above $35k, it will. Don't be stuck with the next door neighbor, whose thread is always bullish, because by the end of this year bitcoin will bounce back at a satisfactory price.

tokeweed

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Quote from: Distinctin on July 15, 2021, 06:55:06 PM

Quote from: Rajamuda on July 14, 2021, 09:11:33 PM

Although I'm not very good at reading price movements from fluctuations, clearly I still strongly believe that bitcoin will still be able to reach new highs this year. However, from time to time until now, the development of bitcoin enthusiasts is increasing, the popularity and activities in it have been taken by many people for their lives, and more people are also being pushed by the situation that bitcoin is legit to invest, which promises more profit.
Some people say it will hit $100k in December this year, but that's just a prediction.

Honestly, we live here too optimistic even the reality is that we are entering the bear season. We can't hold the market and pushes it back high again as we are not in control of them. If the market will dump, that is a normal scenario. Remember that not all the time we are in the bull market, the trend has already changed and we are now on the declining trend.

We have Bullrun last 2017, it started to drop in 2018, and in 2021 the history repeat. This is a market cycle, have to accept this.

That’s the thing. Denial’s a bitch. And it will prolly take a couple more months before every one of us starts accepting that it really is a bear market... But then again it’s also prolly what the market is waiting for before trending back up again. Cheesy

Anyway, the weekly close was weak. Prepare for some chop.

STT

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Just being very simple here and drawing across the page, we really need to see 33k again as some kind of closing weekly bar support else I would guess 29k becomes more viable for an objective down for similar reasoning in that is a settled price we have recorded previously with volume.
We traded this lower range briefly in late Jan and the lower end is about the highs for 2020 so psychologically important as a marker to progress I guess, somewhere the market might struggle over while deciding direction.

Distinctin

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Quote from: Rajamuda on July 14, 2021, 09:11:33 PM

Although I'm not very good at reading price movements from fluctuations, clearly I still strongly believe that bitcoin will still be able to reach new highs this year. However, from time to time until now, the development of bitcoin enthusiasts is increasing, the popularity and activities in it have been taken by many people for their lives, and more people are also being pushed by the situation that bitcoin is legit to invest, which promises more profit.
Some people say it will hit $100k in December this year, but that's just a prediction.

Honestly, we live here too optimistic even the reality is that we are entering the bear season. We can't hold the market and pushes it back high again as we are not in control of them. If the market will dump, that is a normal scenario. Remember that not all the time we are in the bull market, the trend has already changed and we are now on the declining trend.

We have Bullrun last 2017, it started to drop in 2018, and in 2021 the history repeat. This is a market cycle, have to accept this.

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Quote from: tokeweed on July 15, 2021, 11:03:19 AM

Whatever you do, don’t look at the monthly chart. -_-

It’s really looking close in entering another long bear market. The weekly isn’t that much better too. The daily chart looks like it has some hope tho... Lol. Which I find odd.

And I’m surprised there’s only 64 people who voted. Seems like there’s like a hundred people itt.

Bitcoin could fucked up charts instantly where everyone do really believe on some possible bull run but it could really go on the other way around and this is why im not really that much of a fan on looking at charts
but at least im trying to check out on what are the patterns been showing and give out some idea at least but not really a reliable thing to be put on into your analysis but its up to someone though on how they do gonna handle up things and asking about another all time high? Its hard to tell specially now that bitcoin is moving sideways for a while now and we cant say on whats the next possible movement to happen.
Thing here is that you do prepare up on something neither on bull run or an another long time bearish run that we had experienced in the past.

tokeweed

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Whatever you do, don’t look at the monthly chart. -_-

It’s really looking close in entering another long bear market. The weekly isn’t that much better too. The daily chart looks like it has some hope tho... Lol. Which I find odd.

And I’m surprised there’s only 64 people who voted. Seems like there’s like a hundred people itt.

Rajamuda

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Although I'm not very good at reading price movements from fluctuations, clearly I still strongly believe that bitcoin will still be able to reach new highs this year. However, from time to time until now, the development of bitcoin enthusiasts is increasing, the popularity and activities in it have been taken by many people for their lives, and more people are also being pushed by the situation that bitcoin is legit to invest, which promises more profit.
Some people say it will hit $100k in December this year, but that's just a prediction.

geegaw

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Quote from: ?? on ??

Though I have voted YES, I don't have complete confidence in that choice, Looking at the charts, the bulls are losing all the control and volume is decreasing day by day. The Chinese FUD is getting more and more heat these days, the miners have to relocate and it will be a big task. Hopefully, we will be seeing some positive news and get some volume in the upcoming months.

Optimism is a very redundant indicator in each of us for bitcoin but even inheriting such a belief, we cannot ignore the connection with reality, bitcoin is not having much of a chance to continue to rise further this year, influence from whales, some funds then China, a diverse chain of events to lower the value of bitcoin. All sides seem to be the enemy and bitcoin is missing too many allies, another high is just a guess in case strong allies appear but perhaps allies have traveled after the time when bitcoin broke out strongly

mrjoy15

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Quote from: Rasa nanas on July 14, 2021, 08:43:21 AM

Quote from: thecodebear on July 13, 2021, 12:53:00 PM

Next year yes, this year no. Expect continue ranging at the bottom through the summer. Then in the Fall breaking out of the bottom and starting to build back up. Over $50k by end of year. Probably get back over $60k about a year after it first achieved that price (Feb/Mar '22). Moving up over $100k next summer.

then what basis do you have thoughts like that? I believe that the current price is not the bottom point of the bear market this time because bitcoin only lost 50% of its high price. most likely in the following months bitcoin will again experience a fairly deep price decline, it will likely drop to $20k-$15k and will rise again even though it won't reach $60k again let alone $100k.

Some people are so optimistic that to predict to look again $40K, $50K, $60K then new highs but there's no chance. In coming days Bitcoin will go further down, so i'm waiting for below $25K or even lower. I can't deny other opinion though because i know the opposite will happen. Either way it's definitely going somewhere.

Rasa nanas

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Quote from: thecodebear on July 13, 2021, 12:53:00 PM

Next year yes, this year no. Expect continue ranging at the bottom through the summer. Then in the Fall breaking out of the bottom and starting to build back up. Over $50k by end of year. Probably get back over $60k about a year after it first achieved that price (Feb/Mar '22). Moving up over $100k next summer.

then what basis do you have thoughts like that? I believe that the current price is not the bottom point of the bear market this time because bitcoin only lost 50% of its high price. most likely in the following months bitcoin will again experience a fairly deep price decline, it will likely drop to $20k-$15k and will rise again even though it won't reach $60k again let alone $100k.

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Quote from: btc78 on July 13, 2021, 06:06:27 AM

Quote from: tokeweed on June 25, 2021, 03:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

we are near coming the mid of 3rd quarter yet there are no sign of Bitcoin climbing up again . for several months now the value keeps on declining. so i believe that it is hard to believe another ATH will come considering that the value is 50% lower compared to what is the All Time High value.

Bitcoin is also known for its potentiality to surge twice, or thrice it’s current market value within weeks. 2021 is not yet over.

Quote

But still there are couple of years to go so there is possibilities or there may not.

If the pattern continues from previous cycles, next 3 years starting 2022 will be the long bear market, after the end of the current bull market. BUT, if it broke the pattern, and the May - June crashes actually were “a” bear market done quickly, then we are back to the mean?

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Quote from: Reatim on July 14, 2021, 05:36:16 AM

Quote from: tokeweed on June 25, 2021, 03:21:13 PM

The sentiment around here seems kinda mixed. WO thread seems slightly bearish but I see people in other threads that are slightly bullish. So.. for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year? If yes, please explain why.

as we can observed from the votes conducted it is still people believes that there is a chance of having another ATH this year.

But looking at the market movements since last month?

>>>>>>>>>>>>>>>> https://coinmarketcap.com/

I think let us be contented on what we are having now, and besides we are still in hype these days valuing 30,000 above? this is far high from what we achieved in 2017 hype.

I do agree that the value of $30k above is actually much better than previous years as the truth is, we have just seen this value only this year. But if there will be another bull run for this year, why not? We are just halfway this year and the possibility of reaching another ATH may happen again. As we have seen that more and more countries are now formulating some sort of legislation towards crypto. After El Salvador, we have Paraguay - https://www.coindesk.com/paraguay-bitcoin-law-crypto-mining-registration. If this will continue, this may affect btc price in the market on a positive level.

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