Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: tjtonmoy on March 05, 2024, 06:26:59 PM
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
in my opinion this is just the beginning of an upward race, consider that in my opinion we will no longer see btc below a limit as before, perhaps we will never see it below 15k again, it is obviously my idea but now there are too many interests to see it go down more than that figure
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I don't think this is the end of the bull run yet for the month of March. I also see that there has been a decline in the price, but it may be that it's just a correction, and when it begins to surge again, any time soon, the next target is $75k, which is not a price that is impossible to reach. Although we cannot be fully assured of market volatility and directions all the time, I still believe that the Bitcoin price will remain bullish for the rest of the month.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
We can always assume that whenever the market would really be trying out to reach its previous ATH or trying to break it then it could neither be having a breakout or rejection and the current
thing we have seen that Bitcoins price rejects on breaking its ATH, it did make out some rejection which it did go down to $62k on which we can say that it isnt really that too deep.
If we are anticipating for much more deeper price corrections then it isnt bad but we dont know if this cycle would really be that the same on what we have seen in the past.
There's no way on knowing on what it would be.
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The new ATH is really anticipated and unpublished, a "new" pre-halving trend is being written, I do not see how to use the term Prank here, few perhaps trusted in having this unpublished fact, my analyzes led me to understand that for the first days In June we would have the new ATH, but now I maintain that it will be the second ATH, the trend will not end, bitcoin will maintain in this range and then now it will "excite" new levels. OH! yes.
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I don't think this is the end of the bull run yet for the month of March. I also see that there has been a decline in the price, but it may be that it's just a correction, and when it begins to surge again, any time soon, the next target is $75k, which is not a price that is impossible to reach. Although we cannot be fully assured of market volatility and directions all the time, I still believe that the Bitcoin price will remain bullish for the rest of the month.
I also believe that this is just a correction and we will come to see another uptrend shortly .
Thought this will continue to dump last night but seeing how it strongly comeback to 64k and holding it now?
if the price climb back to 65k and above then this is a complete correction that we are experiencing now.
The new ATH is really anticipated and unpublished, a "new" pre-halving trend is being written, I do not see how to use the term Prank here, few perhaps trusted in having this unpublished fact, my analyzes led me to understand that for the first days In June we would have the new ATH, but now I maintain that it will be the second ATH, the trend will not end, bitcoin will maintain in this range and then now it will "excite" new levels. OH! yes.
2 months after the halving mate , well I also though that bull will come in 2025 but i was wrong then.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
Right this is just the beginning, hitting new all time high is another indication that this bull run will be very different as it sets a new ATH before the halving itself. Usually, we will have to experience block halving first and then the imminent bull run. But in this years cycle, it's distinct.
And as I have said, just the beginning, our goal here is to see new all time high in the 6 digit figure.
Conservative estimates is like $100,000 and there are extremes speculators that see $200,000 as per their TA. In any case though, this is win-win for us, majority will make huge profits.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
It is necessary to understand that on the market (cryptocurrency or stocks, whatever) there is a level of resistance and before it very often there should be accumulation to break it and get a foothold above, in this case there is that accumulation before breaking this level, how long this accumulation will go no one knows, maybe a week and maybe a year.
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I don't think this is the end of the bull run yet for the month of March. I also see that there has been a decline in the price, but it may be that it's just a correction, and when it begins to surge again, any time soon, the next target is $75k, which is not a price that is impossible to reach. Although we cannot be fully assured of market volatility and directions all the time, I still believe that the Bitcoin price will remain bullish for the rest of the month.
I also feel that will be the case, but I also can't say for sure, because this is just a prediction. But we ourselves have seen how bitcoin has moved in the last few days.
Actually, in my opinion, we are just waiting for time for the next increase in bitcoin, and I also see that this decrease is just part of the market process which we cannot deny. I also see that this is just the beginning and is a good signal for us loyal bitcoin holders.
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Actually, in my opinion, we are just waiting for time for the next increase in bitcoin, and I also see that this decrease is just part of the market process which we cannot deny. I also see that this is just the beginning and is a good signal for us loyal bitcoin holders.
This drop has not scared BTC holders, that is for sure. And demand is not slowing down.
It's incredible to see how far the Bitcoin price has come.
And yeah, it's still so early. I feel very optimistic about the future.
I can't predict what Bitcoin price will reach later this month, but let's see this heavy eagle take off.
In hindsight, my 50k halving price prediction was bearish as hell ;D
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Neither. History is not repeating itself in this cycle. It was not at the beginning of the cycle and it is not being repeated now, when the previous ath was recently surpassed by a minimum. And it's obviously not a prank either because there is no intentionality whatsoever. The price of bitcoin fluctuates depending on the supply and demand of a large number of players.
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Price was down but again it is recovering back so we should not loss our hopes because these Fluctuations are also helpful for our success. I think we will see 72k$ worth till the end of this month as now Bull season has entered and we have to accept the Fluctuations too.
Who says that we will not see Bull season again even if we are in Bull season? BULL season does not end with just few percent dump occurs in Coin's worth and if we are changing our decision due to temporary dump then we are not real investors and we are not willing to use our patience to become successful.
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I don't think this is the end of the bull run yet for the month of March. I also see that there has been a decline in the price, but it may be that it's just a correction, and when it begins to surge again, any time soon, the next target is $75k, which is not a price that is impossible to reach. Although we cannot be fully assured of market volatility and directions all the time, I still believe that the Bitcoin price will remain bullish for the rest of the month.
In fact, many people are thinking whether this is the end of the bull run, even though the Bitcoin halving is still in April, why do we always have to be pessimistic if Bitcoin's ups and downs in the past see it happen, a correction will occur to reach a higher figure. Suggest keep holding and wait until bitcoin really reaches the top.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
It was never a prank, instead something real and we have to believe and take it as it is presently, if you could remember well, the market first make an attempt on reaching the all time high of $69,000 when it move towards $60k+ and it once got to the stage of something close to the all time high when it reached $68k+ until we finally see the way it landed at the all time high, so to me, if it had not been privileged to get to the all time high is what we may say to be a prank, but now we have achieved it even though the market went down a little and rises again.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
It was never a prank, instead something real and we have to believe and take it as it is presently, if you could remember well, the market first make an attempt on reaching the all time high of $69,000 when it move towards $60k+ and it once got to the stage of something close to the all time high when it reached $68k+ until we finally see the way it landed at the all time high, so to me, if it had not been privileged to get to the all time high is what we may say to be a prank, but now we have achieved it even though the market went down a little and rises again.
in my opinion it could really go up and by a lot considering the fact that as you say the graphs give hope as it happened years ago and all this could happen before the halving I believe in it let's all do it together...
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
The selling pressure around $69,000 is too high that we saw Bitcoin reaching $68,000 just a few hours ago only to go down again. I guess many don't want to surpass Bitcoin's ATH until the halving happens, eh? :D
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
Based on history, a bull run happens after the halving event.
Can I consider this a bull run? No. We have different factors that we are considering whether we are in a bull run or not. Some might say that we are already, and some are still waiting for some confirmations before they can say that we are already. As for me, I can only say that we are in a bull run if Bitcoin's price surpasses its previous ATH of $69,000, and stays above it for a long period (say months). Aside from that, if it continues to go up in price after it surpasses then it's a huge sign that we are in a bull market phase already.
Reversal? Forget about that for now because Bitcoin in the mid to long run will create higher lows, but we will be seeing huge upwards movement, maybe like we will see Bitcoin's price going upwards for many days then goes down and make a correction for a few days then the cycles keeps repeating.
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Actually, in my opinion, we are just waiting for time for the next increase in bitcoin, and I also see that this decrease is just part of the market process which we cannot deny. I also see that this is just the beginning and is a good signal for us loyal bitcoin holders.
This drop has not scared BTC holders, that is for sure. And demand is not slowing down.
It's incredible to see how far the Bitcoin price has come.
And yeah, it's still so early. I feel very optimistic about the future.
I can't predict what Bitcoin price will reach later this month, but let's see this heavy eagle take off.
In hindsight, my 50k halving price prediction was bearish as hell ;D
Of course, for experienced Bitcoin holders this will not bother them at all, unlike new investors, maybe they will feel a little panicked, but that is a very natural thing, they need more experience to be more relaxed.
There is nothing to be afraid of at all, especially since we have already made huge profits from this increase in Bitcoin. We just have to wait a little more to ensure we are at the highest price of bitcoin.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
Yeah, BTC has made an ATH even before halving and only this was so unexpected and you were expecting a target of $72k!This has shocked me. I think you are so bullish, I am also but not that much to expect BTC to make $72k before halving. What's the secret that you know making you so bullish and I don't :D?
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run.
Yes, it was obvious, because a huge selling pressure was there, which caused BTC to dump the value. But it was temporary as people tried to book profits too early while the BTC had more potential then that, the speed at which market recovers back to $67k range prooves that.
Do you think we will not see a bull run again and this in the end and we may go into a bear market soon or do you think BTC has more room to grow before halving....?
Nah, this is not the end of the bull run, I don't even think the real bull run has started yet! Or is it? I think I am confused now, as Bull run usually starts after the halving period but this behaviour of BTC has made things uncertain for me. What's you take on this?
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Of course, for experienced Bitcoin holders this will not bother them at all, unlike new investors, maybe they will feel a little panicked, but that is a very natural thing, they need more experience to be more relaxed.
There is nothing to be afraid of at all, especially since we have already made huge profits from this increase in Bitcoin. We just have to wait a little more to ensure we are at the highest price of bitcoin.
Yep. Bitcoin's movement is more than enough for any traditional investor to take profits. They are not used to multiples.
But everyone has their strategy and circumstances. Some may have decided to make a profit, and the decision makes sense for them.
And bitcoin keeps bouncing back. The benefit of the fixed supply and real-time inventory allocation :)
My timeline is full of people who already think we are at the top of the Bull. lol
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The price is staying around 66k for 3 days long. Just wait for a few weeks if it can't rise above 69k then it might not keep pushing up and this run come to an end.
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And as I have said, just the beginning, our goal here is to see new all time high in the 6 digit figure.
Seeing the same speculation as well, I think it will go up to $85k or even $100k this year or 2025. But as I said before it is too early to speculate as we can witness a lot of things that might happen along the way to the peak of new ATH.
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One would think that those who are in some way involved in the world of cryptocurrencies already know something, but instead they are wondering if the bull run is over, but in fact it has just begun and in the true sense it will most likely only happen in the months after the halving.
The market is two-way, regardless of those who buy BTC, some others sell and the price is formed accordingly. A few thousand $ difference in price per day is not something that should surprise anyone - the numbers have changed, but Bitcoin still behaves the same as it did 10 years ago.
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Of course, for experienced Bitcoin holders this will not bother them at all, unlike new investors, maybe they will feel a little panicked, but that is a very natural thing, they need more experience to be more relaxed.
There is nothing to be afraid of at all, especially since we have already made huge profits from this increase in Bitcoin. We just have to wait a little more to ensure we are at the highest price of bitcoin.
Yep. Bitcoin's movement is more than enough for any traditional investor to take profits. They are not used to multiples.
But everyone has their strategy and circumstances. Some may have decided to make a profit, and the decision makes sense for them.
And bitcoin keeps bouncing back. The benefit of the fixed supply and real-time inventory allocation :)
My timeline is full of people who already think we are at the top of the Bull. lol
Some people take advantage because maybe they feel that they have had enough of the profits they have now, that is a good thing because we also have a target at which point we will take profit.
In fact, I think it's good, when the target they have set at the beginning is touched, they immediately take it, which is good because there is no greed that surrounds them or in other words they try to be disciplined about something they set and planned.
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The price is staying around 66k for 3 days long. Just wait for a few weeks if it can't rise above 69k then it might not keep pushing up and this run come to an end.
calm down, friends, everything needs a process, it doesn't have to keep going up, there are times when it will go down, it's still a long time, if there is a downturn, it's still normal, everyone's predictions are different, it's very normal because of individual thinking, as we can see, the price per day of BTC is 67k$, which means There could be a possibility it will go up at the end of this month in my opinion
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
Bro, don't you think that we are already in a bull run? The labull run run exisfor ted a couple of mo,nths and the ATH was 69K. So, how the hell we reached 69L again without bull run? I consider this is the beginning of the bullrun already. Declaining from 69K is not funny at all. A lot of people has sell order in that range and the sell pressure forced BTC to drop again.
A lot of people has target that they will sell their BTC at 69K and some of their order was filled. BTC will get declined everytime from the 69K range until all the pending orders get filled. I am not surprised about it at all.
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Maybe it's not yet time for the price of Bitcoin to surpass $69k, but it's not over yet. The price will definitely rise again before the Bitcoin halving occurs (that's my prediction). However, we have to be careful if we want to buy Bitcoin now, because the Bitcoin price could reverse direction. No one can guess for sure, because the price of Bitcoin has very high fluctuations.
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~snip~
A lot of people has target that they will sell their BTC at 69K and some of their order was filled. BTC will get declined everytime from the 69K range until all the pending orders get filled. I am not surprised about it at all.
I don't even know where to check it, but there is probably some sell wall at that level that prevents further price growth, but in the period from March 1 to March 7, spot ETFs increased their share by as much as 50 000 BTC and have just a little less than 400 000 BTC. Of course, they buy through the OTC, but this will probably have an impact on the offer that goes through the open market, because buyers sell to those who want to buy, and BlackRock and Fidelity have a huge appetite and obviously do not intend to stop.
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Maybe it's not yet time for the price of Bitcoin to surpass $69k, but it's not over yet. The price will definitely rise again before the Bitcoin halving occurs (that's my prediction). However, we have to be careful if we want to buy Bitcoin now, because the Bitcoin price could reverse direction. No one can guess for sure, because the price of Bitcoin has very high fluctuations.
Bitcoin had hit an all-time high of $70K, then instantly dropped to $68K. Whales are ruining the game.
Get ready for the exchanges to crash again, and the fish are panicking ;D
Bitcoin like gold, was once viewed with suspicion but eventually became the cornerstone of banking.
So, if we buy Bitcoin for long-term savings, the price doesn't matter.
In the long term, Bitcoin will remain profitable.
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Today, bitcoin made it again to a new all time high of around $70,040 or thereabout, and immediately again, like it happened the last time, the price dumped down to around $66,000 in a matter of minutes, before it started rising again.
This gives me the impression that there are some whales who are not done accumuling bitcoin below it's previous all time high price, and want it to stay below it for some more time, and because of this, they are manipulating the price bitcoin.
I am not doubting how effective this is working for them but the question is, how long can they hold bitcoin down?
It's quite disappointing to see bitcoin wanting to make a huge move, only to be pulled back by some whales.
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Today, bitcoin made it again to a new all time high of around $70,040 or thereabout, and immediately again, like it happened the last time, the price dumped down to around $66,000 in a matter of minutes, before it started rising again.
This gives me the impression that there are some whales who are not done accumuling bitcoin below it's previous all time high price, and want it to stay below it for some more time, and because of this, they are manipulating the price bitcoin.
I am not doubting how effective this is working for them but the question is, how long can they hold bitcoin down?
It's quite disappointing to see bitcoin wanting to make a huge move, only to be pulled back by some whales.
That's also the question I heard from some of my friends, and they even say that this recent sudden spike in the price of Bitcoin where it reached again the price of $69k, which is its previous ATH, has suddenly made the price go down immediately. They even stated that it is possible that we might see a deeper wicked than what we experienced.
But yes, it is possible that the whales are trying to stop Bitcoin from continuing the rally as they don't accumulate enough yet and it might be this case for the meantime until they can no longer hold the price rally of Bitcoin.
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That would be the most expensive prank ever. There are people who bought bitcoin to make it 69k and who didn't sell as well. Which means that they have spent a lot of money to just make a joke. If we are being serious, there is no way that we could consider this as a joke, its obviously just market movement. Obviously people could prefer to sell and get out at 69k as a "joke" instead of 70 or 68, but not just to make it 69, those are two different things. I believe that it will also get above 70k soon as well because the wall is getting thinner so its quite possible that if we try some more, we are going to get higher.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
You can see the Bitcoin price can cross $70k today. It is totally not a prank.
If you only want to take profits at $72k, you can do it in the next few days. But I'm sure you won't do it because you must realize the price of Bitcoin will keep increasing. I'm sure Bitcoin price may be around $80k in the next month. Halving will trigger it to increase massively again.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
You can see the Bitcoin price can cross $70k today. It is totally not a prank.
If you only want to take profits at $72k, you can do it in the next few days. But I'm sure you won't do it because you must realize the price of Bitcoin will keep increasing. I'm sure Bitcoin price may be around $80k in the next month. Halving will trigger it to increase massively again.
Definitely Bitcoin will even surpass $80k but that price will be reached after the halving. Probably before the end of the year, we should not be surprised to see Bitcoin at $100k and it will be a good position to take profit. Some people are already panicking to sell and take their profit because they feel that the market will dump any time soon, not realizing that the bull market will still continues until after the halving.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
Bitcoin now can still grow a little bit, but this is not its maximum level and in this period and sooner or later there will be a correction and most likely more than one, if you look at the charts, it was only recently, not a big one, but it was and you can not expect only a constant upward growth.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
You can see the Bitcoin price can cross $70k today. It is totally not a prank.
If you only want to take profits at $72k, you can do it in the next few days. But I'm sure you won't do it because you must realize the price of Bitcoin will keep increasing. I'm sure Bitcoin price may be around $80k in the next month. Halving will trigger it to increase massively again.
Definitely Bitcoin will even surpass $80k but that price will be reached after the halving. Probably before the end of the year, we should not be surprised to see Bitcoin at $100k and it will be a good position to take profit. Some people are already panicking to sell and take their profit because they feel that the market will dump any time soon, not realizing that the bull market will still continues until after the halving.
Yeah but still there is a lot of things might happen before and after halving so I think that is what we should be preparing for right now. I think we will be having new sets or batches of millionaires in this season most especially if new ATH will come and I just want to congratulate them all for being patient. I bet Bitcoin will be hitting $85k-$100k this year or 2025 so yeah worth it to hodl.
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I don't even know where to check it, but there is probably some sell wall at that level that prevents further price growth.
I don't think any website or tools can give you accurate data about how many BTC are in order. If you do not have an account in a centralized exchange, you won't be able to check it. If you check the order list of the centralized exchanges where users placed limit orders, you will see that there are already pending sell orders on 70K, 72K, and even 100K.
but in the period from March 1 to March 7, spot ETFs increased their share by as much as 50 000 BTC and have just a little less than 400 000 BTC. Of course, they buy through the OTC, but this will probably have an impact on the offer that goes through the open market, because buyers sell to those who want to buy, and BlackRock and Fidelity have a huge appetite and obviously do not intend to stop.
Even if they get BTC through OTC deal, It still has an impact on the market. I believe OTC supply also has a limit. There will be a time when they will be forced to collect Bitcoin from the market and the scarcity will continue to increase. I guess the day is not too far.
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Maybe it's because ETFs are also part of this pump coming so quickly, but what is certain is that many people's hopes this year are that bullishness should occur like the previous halving. And many people speculate with the graphs printed at the previous moment that there is always a connection between halving and ATH. People who made mistakes in the previous halving should understand that at this halving moment there can be no mistakes. So it kind of boosts some people's confidence.
I hope this isn't a prank. and it seems like many people also think like me, hoping this isn't a prank.
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The price is staying around 66k for 3 days long. Just wait for a few weeks if it can't rise above 69k then it might not keep pushing up and this run come to an end.
The price is now above 68k$ which means that it is going higher and don't be too conscious about price pump because price pump and dump are unpredictable. So we cannot estimate about price in just a week therefore keep calm until halving you will definitely see that price is going up.
Once again it touched 69k$ and then went down but now again it is pumping so if it was an end of Bull season then we will never see upwards movement at any moment. Steady rise is also a rise and we should be happy with it and now there is a time for halving so we will definitely see new ATH in price of bitcoin.
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~snip~
Even if they get BTC through OTC deal, It still has an impact on the market. I believe OTC supply also has a limit. There will be a time when they will be forced to collect Bitcoin from the market and the scarcity will continue to increase. I guess the day is not too far.
It is difficult to talk about an absolute limit here, because no matter how much BTC is on CEXs or OTC, that number can always change. We are talking here about numbers that very likely range (currently) from 2-3 million BTC in total that are for sale, and if ETFs continue to buy an average of 40 000 BTC per week it will take them months to accumulate all that is available, and considering that 19.6 million BTC have been mined so far, I believe that a few million more are waiting in the background.
What I want to say is that regardless of the great demand, there is still too much BTC on the market for such demand to push the price up.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
Basically, the price of Bitcoin touched an all-time high before the halving. Although the price of Bitcoin has touched around $70k at the moment, if the current price goes by, the bull market is waiting for the Bitcoin price to take place after the halving. Every year Bitcoin sets new records during this bull run, certainly new records have been set this year and will be set in the future. So according to the current record, Bitcoin is definitely more likely to be 170k plus in 2025.
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We are talking here about numbers that very likely range (currently) from 2-3 million BTC in total that are for sale, and if ETFs continue to buy an average of 40 000 BTC per week it will take them months to accumulate all that is available.
Do you think they will buy 40000 BTC per week on average? I guess they will dump a similar amount once they see that the demand has decreased a little. If they continuously buy BTC through OTC deals or from exchanges, we will see a massive ATH this year. I don't know what could be the ATH, but if stats are true, then we may hit 150K this year.
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Do you think they will buy 40000 BTC per week on average? I guess they will dump a similar amount once they see that the demand has decreased a little. If they continuously buy BTC through OTC deals or from exchanges, we will see a massive ATH this year. I don't know what could be the ATH, but if stats are true, then we may hit 150K this year.
That's the trillion dollar question :D
So far, they show no signs of slowing down, and there is enough money in these companies to be able to buy more than 40 000 BTC per week, which of course depends on their clients, who obviously consider Bitcoin a very desirable investment. Just imagine what can give you more than 100% profit in just 1 year or less and you will understand why so much is invested in Bitcoin, especially now that there is a very easy way for those who previously did not want (or did not know) how invest in BTC.
BlackRock is not only a company that operates in the US, they also have offices in about 70 countries around the world, and operate in about 100 countries. Regardless of the fact that the interference of such companies may have bad consequences for Bitcoin (in the long term), there is no doubt that they have raised that same Bitcoin to a completely new level where it has never been before.
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Even if they get BTC through OTC deal, It still has an impact on the market. I believe OTC supply also has a limit. There will be a time when they will be forced to collect Bitcoin from the market and the scarcity will continue to increase. I guess the day is not too far.
Actually, it doesn't have a direct impact, because it doesn't directly affect the price in the current market when trading OTC. However, however, if there is a lot of news related to very high sales or purchases via OTC or other means, then that can trigger news related to what is happening. It could be that there will be many parties who take advantage of this moment to create another FUD that someone has sold their BTC for a very large amount because of reasons blah blah blah...
And an issue like this might sound quite sensitive, so it could affect the market going forward. So far, I have not found any information about whether OTC has an upper limit, if there is a lower limit, yes. but maybe each platform has its own mechanism. Because this is often used and exploited by whales.
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Bitcoin now can still grow a little bit, but this is not its maximum level and in this period and sooner or later there will be a correction and most likely more than one, if you look at the charts, it was only recently, not a big one, but it was and you can not expect only a constant upward growth.
A little bit? I think it still can grow massively. You must know that Bitcoin is predicted to raise to $150k. If it can be $150, it is not grow a little bit but it grows very significantly. True, there will be always a correction after a pump. But I see the correction isn't so significant. This just the indication that the price will easily increase more and more. I think we will another higher of Bitcoin price soon.
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Bitcoin now can still grow a little bit, but this is not its maximum level and in this period and sooner or later there will be a correction and most likely more than one, if you look at the charts, it was only recently, not a big one, but it was and you can not expect only a constant upward growth.
A little bit? I think it still can grow massively. You must know that Bitcoin is predicted to raise to $150k. If it can be $150, it is not grow a little bit but it grows very significantly. True, there will be always a correction after a pump. But I see the correction isn't so significant. This just the indication that the price will easily increase more and more. I think we will another higher of Bitcoin price soon.
I completely agree with you about 150k, I generally believe that bitcoin should break through the 200k mark and consolidate there, I'm talking about corrections that will be during this year, as a rule the maximum growth should be at the end of this year, at the beginning of next year.
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Actually, it doesn't have a direct impact, because it doesn't directly affect the price in the current market when trading OTC. However, however, if there is a lot of news related to very high sales or purchases via OTC or other means, then that can trigger news related to what is happening. It could be that there will be many parties who take advantage of this moment to create another FUD that someone has sold their BTC for a very large amount because of reasons blah blah blah...
To be honest, I do not care about all those things as long as nothing bad happens. Strong hands always acquire Bitcoins no matter the market situation. I am kind of lucky that I had a good amount of Bitcoin and was able to hold it until now. If ETFs continue to buy, I don't think miners or the US government selling will affect the market. I know that ETFs buy Bitcoin through OTC deals, but still, it has a good impact.
We have seen another ATH already, and I have a feeling that Bitcoin will make ATH every week from now on till the halving event. Or it may move sideways if something bad does not happen.
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Do you think they will buy 40000 BTC per week on average? I guess they will dump a similar amount once they see that the demand has decreased a little. If they continuously buy BTC through OTC deals or from exchanges, we will see a massive ATH this year. I don't know what could be the ATH, but if stats are true, then we may hit 150K this year.
Meanwhile, bitcoin is already worth more than 71,000$. At the same time, the news comes out, "Microstrategy bought 12,000 BTC for 821$ million" Standard situation, as soon as BTC becomes more expensive than previous highs = immediately, positive news is released. + Don't forget, the mass media, will fuel (when needed) for bitcoin price rise or fall. Don't fall for this kind of manipulation.
P.S. What do you think is going to happen next? Will the big players continue to manipulate the price + will we see 85 + thousand dollars? Be extremely careful. At this stage of the market, it is easy to lose your money! 8)
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Cut
My initial target was $72k+ according to some research and analysis. Today it has crossed the price point and from now on, i think it will be more bullish until it takes a u turn.... Not quite sure when but massive buying pressure will create massive selling pressure later on that's for sure....
I made the conclusion too soon as we can see that the initial target was reached eventually.... But either way... I'm at profit... So this is great. Keep hodling guys... Next target $100k+
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A little bit? I think it still can grow massively. You must know that Bitcoin is predicted to raise to $150k. If it can be $150, it is not grow a little bit but it grows very significantly.
~snip~
Before the previous bull run, many "experts" were talking about $100 000 as a sure thing, and we all know that didn't happen. Therefore, it would be wise not to set any goals for ourselves in advance, because that way we can only be disappointed because "Bitcoin did not achieve the expected goals" as if such goals were something that was predetermined in advance.
The price of BTC will rise until someone decides it's time to dump a huge amount of coins on the market or until some extremely negative news appears that will discourage investors. Considering that there is nothing negative in sight, I would suggest that we relax and enjoy the new big bull run ;)
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My initial target was $72k+ according to some research and analysis. Today it has crossed the price point and from now on, i think it will be more bullish until it takes a u turn.... Not quite sure when but massive buying pressure will create massive selling pressure later on that's for sure....
I made the conclusion too soon as we can see that the initial target was reached eventually.... But either way... I'm at profit... So this is great. Keep hodling guys... Next target $100k+
Until now the $100k figure still sounds reasonable and worth considering because the halving hasn't happened yet, and the ETF is starting to have an impact from its movement. I still aim to start selling gradually from the $80k mark, $90k and so on up to $180k if possible. I sold each check point for 10% of existing assets. So it will create an average selling price of around $130k if it reaches $180k.
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P.S. What do you think is going to happen next? Will the big players continue to manipulate the price + will we see 85 + thousand dollars? Be extremely careful. At this stage of the market, it is easy to lose your money! 8)
Even if Bitcoin reaches 100K before the halving event, I won't be surprised at all. I guess 85K is very much before the halving. A few days ago, we were thinking if we would be able to touch the ATH before the halving, but as you can see, we are at 71K+ at this moment. I have said this in my other posts as well: I haven't bought Bitcoin, But I saved my earned money, and I have a good portion of BTC at this moment. I will continue to gather my BTC earnings in a wallet and I will hold as long as I can. So, I don't think I am going to lose money this year.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
Your target was already achieved, that means your now going to exit and you will release the profit you were hoping for, right? and that will continue to increase for sure in the coming days. At the moment, it seems that Bitcoin only had a break time then after that the price value of bitcoin in the market took off again.
So doesn't it seem like it's too early if you exit at 72k$? Is that target you are holding the last ATH in 2020 so your target is 72k$?
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Actually, it doesn't have a direct impact, because it doesn't directly affect the price in the current market when trading OTC. However, however, if there is a lot of news related to very high sales or purchases via OTC or other means, then that can trigger news related to what is happening. It could be that there will be many parties who take advantage of this moment to create another FUD that someone has sold their BTC for a very large amount because of reasons blah blah blah...
And an issue like this might sound quite sensitive, so it could affect the market going forward. So far, I have not found any information about whether OTC has an upper limit, if there is a lower limit, yes. but maybe each platform has its own mechanism. Because this is often used and exploited by whales.
Currently Spot ETFs do not have a direct impact on the BTC price as they only take place on the OTC, but they have an indirect impact. If BTC sellers go to OTC to sell at better prices than on CEXs, the selling pressure on CEXs will decrease while the buying pressure remains the same or increases, helping the BTC price to be supported and gradually increase. That is what we are seeing right now and the BTC price has quickly surpassed $72K instead of retesting the support price below as $45K.
We are still in an uptrend so these anomalies, including a new pre-halving ATH and a strong uptrend with no re-accumulation, are welcome. I will not deny any higher price range that BTC will reach 8)
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
OP, do you know one thing about I like about bitcoin? Is the way it keeps proving people wrong when they try to predict the next line of the price it will fall or increase to.
OP, I believe you must have seen that bitcoin has touched $72k + price today and it moves to $73k-$74k or sideways. Don't you think that before halving we might be seeing a price close to $90k if bitcoin should continue with this momentum of the price increase.
OP, we are at the peak of the bull run, The bull run hasn't started fully even though we are witnessing a new ATH. I anticipate the bull run to start up soon and stay till next year and by 2026, we will be talking about the crypto market to experience the bearish market.
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My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
Funny is , it already reached such height in just 5 days after you posted this. Bear market won't be possible as of now. Bitcoin drops 4-6k only, later will bounce back after few days, become stable a little bit then will increase later on. It is the deal and i guess we will see $80k for the next few weeks.
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Definitely Bitcoin will even surpass $80k but that price will be reached after the halving. Probably before the end of the year, we should not be surprised to see Bitcoin at $100k and it will be a good position to take profit. Some people are already panicking to sell and take their profit because they feel that the market will dump any time soon, not realizing that the bull market will still continues until after the halving.
We don't know $80k will be reached when halving happens or after halving. I'm sure no one can predict accurately about this. However, looking at how fast Bitcoin price increased recently, I'm even not surprising if $80k can be reached earlier. If the hype becomes higher, the demand can be bigger. With this condition, I think $80k isn't impossible to reach in April (in the month of halving).
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The price of Bitcoin is currently above $72,000, the highest price touch in Bitcoin history. Bitcoin has never touched 70 thousand dollars before but in 2024 Bitcoin touched 70 thousand dollars and has been close to 73 thousand dollars. When the price of bitcoin was between $68k or $69k you asked if the price of bitcoin would go up, it didn't take long after you posted before the price of bitcoin hit $72k. Now the price of Bitcoin is standing at $72K. It is expected that the price of Bitcoin will increase more in the coming days and touch one hundred thousand dollars very soon.
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We don't know $80k will be reached when halving happens or after halving. I'm sure no one can predict accurately about this. However, looking at how fast Bitcoin price increased recently, I'm even not surprising if $80k can be reached earlier. If the hype becomes higher, the demand can be bigger. With this condition, I think $80k isn't impossible to reach in April (in the month of halving).
The price of $80k for Bitcoin will be easy to reach, perhaps it only takes 1 week to reach the price of $80k. Meanwhile, if it is 1 week before the halving, the price of Bitcoin will have the potential to rise to a price of $100k, so remain optimistic that the price of Bitcoin reaches the target price. you mentioned and provide a lot of profits for the holders.
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I think this is a "warning" of sorts, a measured and thoughtful climb toward the top that Bitcoin will soon begin to discover. The recent approval of the Bitcoin ETF and the halving that approaches every day makes spirits grow and investors buy, which can make us think, if there is no manipulative news on the way to try to lower prices, that the next ATH could even cross certain psychological barriers and take Bitcoin above $100,000. I'm not saying that amount will be reached, I'm just saying that it is a possibility considering how a new ATH has been reached without the "noise" that we have experienced on previous occasions.
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My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
Funny is , it already reached such height in just 5 days after you posted this. Bear market won't be possible as of now. Bitcoin drops 4-6k only, later will bounce back after few days, become stable a little bit then will increase later on. It is the deal and i guess we will see $80k for the next few weeks.
Exactly.
Exactly, it is.
Now, the rate is around $73,458, but the ATH is around $73,637.
It's normal that BTC will drop around several points, it's not the bearish one. But, it is such a price correction. And this really normal to happen.
Once it's success from the correction, it will bounce back to top price again. I thought that the price of BTC will reach $75k soon, but it's not yet. Well, let's wait for this and higher rate again. I am so enthusiast to wait this.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
this aged poorly. what did you end up doing when we got to 72k
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Until now the $100k figure still sounds reasonable and worth considering because the halving hasn't happened yet, and the ETF is starting to have an impact from its movement. I still aim to start selling gradually from the $80k mark, $90k and so on up to $180k if possible. I sold each check point for 10% of existing assets. So it will create an average selling price of around $130k if it reaches $180k.
Yes, you are right, but you have to pay attention to how Bitcoin's current price movement is starting to collapse even though the halving is only 34 days away but there is still no sign of a price of $100k. At least to reach the price of $100k, it is now stable at a price of $80k - $90 k, So raising the price to $100k is not too difficult.
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Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?
I think we will see more in the future but for now ... That's it...!
The beauty of Bitcoin and the cryptocurrency market is speculation. In in this industry there is no trust, if there is Trust we all will trust Bitcoin. Even if bitcoin gives us a very good return and tries to reverse in the next minute we will forget all the good deeds of Bitcoin and begin to predict what is in our mind. I have checked the date at which this post was made and the funny thing is that after the post was published bitcoin made $73k. This means we shouldn't boost that we know the way of bitcoin. That coin is very mysterious and generous. This could be morning, that coin will give us more than we expected.