BTC's ATH in 2021 is not $69K, but $77K?

[MrSpasybo]

Or do we blow through it and get to 95k then tease 100k for a few months.
This would mean almost all miners are solid. And of course all traders are up.
Holders won't Crack at the 95k number

This is also a possibility, but I have no way to predict this price zone yet. All I can think of are the Fibo levels 1.382 ~ $115K and 1.618 ~ $160K.

$100K could be an important price zone for investor sentiment, as we have been expecting BTC to reach this key price level since bullrun 2021.

[Baofeng]

Or do we blow through it and get to 95k then tease 100k for a few months.
This would mean almost all miners are solid. And of course all traders are up.
Holders won't Crack at the 95k number

This is also a possibility, but I have no way to predict this price zone yet. All I can think of are the Fibo levels 1.382 ~ $115K and 1.618 ~ $160K.

$100K could be an important price zone for investor sentiment, as we have been expecting BTC to reach this key price level since bullrun 2021.

And I think that's about what other predictions is: conservative $100k but there are extremes that pointed out to $180k. With that, speculators could all be agreeing that this bull run is going to be huge, regardless of what will be the new all time high.

If we crack 6 digits then good, first time that we will see it and for sure, we are all excited how big this bull run will be in 2024. And we still have the next year to make another crazy runs so exciting times ahead.

[salad daging]

Hah? I am quite surprised by this data and this proposal. Because so far we have only looked at data from CMC or CoinGecko to measure prices. Hmm, maybe because these two are the most frequently used platforms. However, this ectic is related to the ATH of Bitcoin in the last bullish era in 2021, I personally am still more inclined to the ATH which is around the $69k level. Yes, like most people of course. However, this new insight could be a new insight for me personally.
Thanks for this sharing.

Viewing charts on Coinmarketcap and Coingecko is limited, so if you want to be more extensive you can use Tradingview and there you can use many features to read the patterns you need.

So the new ATH in your opinion is still $69K? Wasn't it reached a few days ago where bitcoin's ATH was $69,200.
It won't even be long before it will go to $100K, that's my prediction for bitcoin in the future because however the bitcoin movement is too fast, after the halving it will be much bigger where there is a lot of momentum to wait for.

[debra]

Or do we blow through it and get to 95k then tease 100k for a few months.
This would mean almost all miners are solid. And of course all traders are up.
Holders won't Crack at the 95k number

When Bitcoin price crosses $70k, it is getting confident to see $90k above.
I'm not sure how long to see the price of Bitcoin around $95k, but I think it should be after the halving. May be it can be in Q3-Q4 of this year. Yes, I agree that most investors won't sell their Bitcoin at $95k, they must keep holding and try to reach the target about $100k.

[philipma1957]

Or do we blow through it and get to 95k then tease 100k for a few months.
This would mean almost all miners are solid. And of course all traders are up.
Holders won't Crack at the 95k number

When Bitcoin price crosses $70k, it is getting confident to see $90k above.
I'm not sure how long to see the price of Bitcoin around $95k, but I think it should be after the halving. May be it can be in Q3-Q4 of this year. Yes, I agree that most investors won't sell their Bitcoin at $95k, they must keep holding and try to reach the target about $100k.

my sell ladders are

69876
70707
77777
80808
88888
90909

but all small pieces

the rest I hodl

[jeraldskie11]

I was surprised to see that there is speculation that Bitcoin's all-time high exceeds $77k. And I appreciate you creating this topic about it. I only believe what the chart shows, and I didn't see the price reach $77k on the other charts. However, there are charts with varying ATHs for Bitcoin, like as Bitstamp, which is $68997. It's not even close to $77,000. The majority of platforms that follow the price movement of Bitcoin have ATHs close around $69k, which is reasonable.

[Stompix]

We are dealing with something that is making us money and nothing more is needed to be perfectly clear.

Lol, why do you label outright Bitcoin as an investment?
Some look at it as a store of value, other at as a currency, if you had tomorrow 10 trillions dollars but that would buy you one slice of pizza would you be happy to be trillionaire?

I've always said that's the beauty of Bitcoin, you can consider it whatever you like and you can use it however you like, you want to hide money from your spouse, you want to invest in it to get 200% returns in one month and dump it, you want to purchase weird things from a shady website, your choice!

As for ATH, this is BTC against the Lebanese pound:
How rich do you feel:

What do you think about calculating the important price zone that BTC is about to face using inflation data?

That it becomes interesting looking at the ATH against the yuan while China is experiencing deflation! 

[MrSpasybo]

I was surprised to see that there is speculation that Bitcoin's all-time high exceeds $77k. And I appreciate you creating this topic about it. I only believe what the chart shows, and I didn't see the price reach $77k on the other charts. However, there are charts with varying ATHs for Bitcoin, like as Bitstamp, which is $68997. It's not even close to $77,000. The majority of platforms that follow the price movement of Bitcoin have ATHs close around $69k, which is reasonable.

Well, there seems to be a misunderstanding here. We have not seen BTC reach $77K in the past.
Based on inflation data in the US, $69K in 2021 will have the same purchasing power as $77K in 2024. That means if someone used $69K to buy 1 BTC in 2021, he would doesn't see himself getting his money back when BTC hits $69K in 2024. His experience with inflation makes him believe that BTC should be priced at $77K in 2024, which would be the price at which he could decide to sell 1 BTC to exit the market. If more investors have similar thoughts and behavior, we may see a strong resistance area for BTC price at $77K.

[Faisal2202]

What I'm talking about is inflation and interest rates in the US economy, and BTC's ATH was recorded at $69K in November 2021. It doesn't really matter anyway if your expectations are much greater than $69k and $77K: $200K. If you are not too concerned about price fluctuations in the journey from $60K to $200K, you don't need to pay attention to $77K, all you need is to wait for 1BTC = $200K and take profit from your BTC 

HAHA, I was kidding, I am not going to wait for BTC to touch $200k. As I know it doesn't have that much potential at the time being, but in the future maybe, Maybe in the next cycle BTC make that target achievable. But all that depends on the ATH of this cycle. Who knows how much close this cycle's ATH will be to the $200k target. Finger are crossed here, because after seeing the movement of BTC from past week, I can say the result we were waiting from ETFs is coming now. haha.

And I am still unable to understand in what context you are trying to relate your topic with US inflation and interest rate, I am sorry if I asked a dumb question, its just I am unable to understand so I thought I should ask. If you don't mind 

[MrSpasybo]

And I am still unable to understand in what context you are trying to relate your topic with US inflation and interest rate, I am sorry if I asked a dumb question, its just I am unable to understand so I thought I should ask. If you don't mind 

I'm not trying to link BTC's ATH to inflation in the US, I'm just presenting James Van Straten's new perspective on the matter. James Van Straten estimated and came up with a figure of $77K. I think this approach is quite interesting and we can refer and wait for the price behavior of BTC at the $77K area. If this happens, I may update my understanding of technical analysis and add US inflation to my prediction models.

[Trongduy]

I'm not trying to link BTC's ATH to inflation in the US, I'm just presenting James Van Straten's new perspective on the matter. James Van Straten estimated and came up with a figure of $77K. I think this approach is quite interesting and we can refer and wait for the price behavior of BTC at the $77K area. If this happens, I may update my understanding of technical analysis and add US inflation to my prediction models.

I also learned Price action: there are no regulations or suggestions related to inflation, whether analyzing on large or small time frames. Therefore, this calculation method is not really recommended or applied for market analysis. Price charts only include time and asset prices, do not include inflation rates or central bank interest rates, traders only need to identify important price zones where strong price behavior can occur, to proactively establish reasonable transactions.

[Jating]

I also saw this one, so it is due to inflation? So even Bitcoin market now is being affected by it? And that's why it is a tool being used by economist or any sitting government as a excuse. But in any case, still good time to buy bitcoin and wait what will be the adjusted price again if ever we hit $180k as the bull run top price, new all time high in 2025.

Furthermore, I wouldn't took this news seriously, I mean they could be right, but our ecosystem is very different from traditional one, so for me it will not matter in the grand scheme of it all.

[Mr. Magkaisa]

I don't think we should look at it this way. We do not calculate stocks like this, neither gold, nothing gets calculated this way. We are dealing with something that is making us money and nothing more is needed to be perfectly clear. I understand the logic, yes 77k would have the same purchasing power as what we could have bought with 69k back then, but that is not the point. Numbers here do not mean just the money, think of it like a game, this is the points we collect, we look at the leaderboard, so when we get over 69k, we consider that as a win and breaking the highest price ever. Thats what we look at usually.

As far as I know the 2021 ATH is $69K because I saw it on CMC, because when the ATH was 2021 I set a target at $60K I didn't have time to see the highest price because my bitcoin had already been sold. I just checked back on CMC, touched what the highest number there was it said $69.K

         -   That's what I know, but anyway, I think it doesn't matter; maybe that's my thing. It's just that the important thing now is that the ATH that we know was in the CMC before has been broken, similar to what you mentioned.

But anyway, the 77k will still happen in the future; no one knows the exact date; it could be tomorrow, next week, or next month; it depends on what happens.

[Faisal2202]

I'm not trying to link BTC's ATH to inflation in the US, I'm just presenting James Van Straten's new perspective on the matter. James Van Straten estimated and came up with a figure of $77K. I think this approach is quite interesting and we can refer and wait for the price behavior of BTC at the $77K area. If this happens, I may update my understanding of technical analysis and add US inflation to my prediction models.

Now I got the main point here, sorry for such a dumb question it was my fault I did not get it first. Well, if that's the case then it would be wrong to say that BTC has set a new ATH even if numbers are telling something else. Well, if that's the case then adding CPI data into your chart would give you a better idea of how much potential BTC has.

It might look funny but I got the main point of the whole post now, and it is really new to me, I do have the idea that inflation eats away the value of every asset, but never imagined the real number would be. CPI data is going to be useful for all of us. But IMO, the price of BTC is influenced by demand and supply, and if people have no idea about CPI data then BTC might take a little longer to reach $77k.

[Google+]

         -   That's what I know, but anyway, I think it doesn't matter; maybe that's my thing. It's just that the important thing now is that the ATH that we know was in the CMC before has been broken, similar to what you mentioned.

But anyway, the 77k will still happen in the future; no one knows the exact date; it could be tomorrow, next week, or next month; it depends on what happens.

When I see the price of Bitcoin which has penetrated the new ATH it is very exciting, but after the Bitcoin price movement collapses as is happening now I am very sad. At least there is still next month when the halving occurs. I really hope the price will rise again and penetrate the new ATH to $100k.