BTC staying above $67,000, will it reach all time high?

[Lucius]

What currently affects the price of BTC are spot ETFs, which according to available data have a positive inflow for at least 7+ days in a row. What is also important to emphasize is that these inflows are quite smaller than before and currently average around 4000 BTC per day, which is obviously enough to raise the price above $70k, but not to move towards a new ATH.

It is possible that some take advantage of the current situation and sell larger amounts of BTC that they bought when the price slipped all the way to $56k - and now it's just a question of how much they filled their bags and how long the ETFs will continue to accumulate.

Some unverified information says that companies like Apple and Amazon are also starting to accumulate BTC, and that the news about this will be published in August - but that might just be a rumor.

https://x.com/btc_for_freedom/status/1792161269153239346

[Jamal Aezaz]

No doubt about hundred thousand price range mate as Bitcoin just hit more or less $71,600 recently and we all know what that means since we are now approaching the ATH again and I think this is easy $80k in just few weeks or months I could be wrong here but who knows right?

Yes Bitcoin hit 70k$ again which is nearer to the value of an already created ATH but again a slight fall happens today and presently it is 69k$. 80k$ can be achievable in a matter of weeks if market does not go down but if continues pump and dump take place then it will take time to attain 80k$ because market never remains same for longer time without showing any changes.

We have to hold the coins which we already have bought and wait for the accurate time where our target will be accomplishable and maybe such duration takes time to happen but it will be easy for us to wait if we have patience and trust in our assets.

[Gurujebs]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price



If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Read full analysis...
https://www.cryptocrit.xyz/2024/05/Crypto-analysis-BTC.html

This moves was quick to happen after CPI result was announced and I think this is fake move. The thing is everyone believe after halving, Bitcoin tend to make a new all time high and everyone is waiting impatiently for it to happen, so at any slight opportunity they think the market is ready for that, this is why we saw the move that happened just because of the small news, when did we start to use CPI as a bullish signal, many will lose money on this moves the are so eager to see.

[NotATether]

Bitcoin, however, broke the all-time high in 2024 and set a new all-time high. However, we again expect Bitcoin to break its all-time high by 2024 and set another record high, which could go as high as $100,000. If in 2024 it stays between $100,000, it is expected to exceed $100,000 to $170,000 in 2025.

Well duh, of course it's going to break its ATH and then break it again and then again this year. Provided the FBI doesn't come in and gatecrash the party of course, like they tried to do a month ago.

I hope everyone is busy accumulating satoshis, because this run has the potential to be like the one in 2021.

[Lucius]

Well duh, of course it's going to break its ATH and then break it again and then again this year. Provided the FBI doesn't come in and gatecrash the party of course, like they tried to do a month ago.

What exactly are you referring to? Whatever they (and some others) do cannot have too much influence on the price of BTC - and now that big players like BlackRock, Fidelity and many other companies are involved in everything, it would not be wise to stand in their way, would it? Gary still has a negative opinion about Bitcoin, but they pushed him to the point that he couldn't say no to spot ETFs.

I hope everyone is busy accumulating satoshis, because this run has the potential to be like the one in 2021.

I wouldn't have anything against x3.5 at the current price, because that will mean that the new ATH will be over $200k. Everything is possible, but a much lower price than that would be a great success.

[SmartGold01]

We have to hold the coins which we already have bought and wait for the accurate time where our target will be accomplishable and maybe such duration takes time to happen but it will be easy for us to wait if we have patience and trust in our assets.

The trust has been already established what people needs most is patient to hold till the market changes direction, let say for those who are basically expecting the market to change instantly without knowing that the market always has a sequence to follow, and if that is not obeyed then there could be lapses that is why many people makes investment and never exercise patient for the market to soar before selling of their investment.

[JISAN]

Bitcoin, however, broke the all-time high in 2024 and set a new all-time high. However, we again expect Bitcoin to break its all-time high by 2024 and set another record high, which could go as high as $100,000. If in 2024 it stays between $100,000, it is expected to exceed $100,000 to $170,000 in 2025.

Well duh, of course it's going to break its ATH and then break it again and then again this year. Provided the FBI doesn't come in and gatecrash the party of course, like they tried to do a month ago.

I hope everyone is busy accumulating satoshis, because this run has the potential to be like the one in 2021.

Bitcoin price will constantly cross its ATH and we will find similar data if past. Bitcoin price has already managed to surpass its previous ATH. Do you think btc price can hit $100k or more this year? Anything that can happen with Bitcoin is not impossible but everything requires a long time and process. So I can't expect it for this year. But I invested in Bitcoin and decided to hold until it crossed $100k. If it happens within this year it will be easier and faster for me to meet the target

[Litzki1990]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price



If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Read full analysis...
https://www.cryptocrit.xyz/2024/05/Crypto-analysis-BTC.html

The Bitcoin market hovered between $65K to $67K for several days but yesterday we saw the Bitcoin market close to $72K. If the market goes up a little from this position, the market will reach its maximum position. The market may stay between $72K to $70K for a while now and after staying here for a while the market may pump again big time. I wouldn't be surprised if the price of Bitcoin touches $100k at this stage as it is very likely to happen.

[alltalk]

Based on a simple technical analysis, we can see that BTC has not yet escaped the downtrend channel even though we have the minimum conditions for accumulation after the rally from $40K to $74K. I think I will wait a little longer and it would be good if BTC can rise to the $7xK zone next week.

If the it doesn't escape from the downtrend pattern, it means Bitcoin may drop again below $60k?
I don't really analyze the chart pattern, but I see a good progress in Bitcoin price. When it dropped to $56k, I think we may drop more below $50k. But the price increased again above $70k. Well, if the next week the price can be above $70k again, I think we may have a positive trend in the next few weeks.

In the long term, I am still optimistic about BTC's potential to reach $150K-170K in this bullrun. So, whether BTC fluctuates up or down 20-30% in the near future, my only action will still be DCA BTC + top ALTS.

Not sure if Bitcoin price can increase above $100k. So I'm not really optimistic to see the price above $150k. If it can cross $100k, I think it is enough to make a big hype among the investors or Bitcoin holders.