Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: dragononcrypto on October 21, 2021, 04:32:46 PM
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Price made a new ATH yesterday reaching $67K after previous high just short of $65K 🥳
Price is now currently around $63K while price appears to be re-testing previous resistance level of $60-65K. Unlike previous breakouts of $20K, $35K and $42K, price hasn't followed through the following day. Question is: is this simply a short-term fake-out, will there be a correction to support after the rally from $40K to $67K in less than a month, or is this a double top?
Vote in the poll above ☝️ share your opinion below 👇
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Today the price of Bitcoin is down at the price of $58k, this may be a good opportunity for us to buy and invest again in Bitcoin before the price goes up.
Bitcoin is amazing, and I believe after this decline the price of Bitcoin will rise again and head for new ATH again.
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(50%)There will be a correction down to local support of $60-65K before further upside
I quoted because I cannot vote. Haha...
Allow me to share my opinion in positive way.
Considering the coming months and events we may witness BTC to climb >$70K and the rest of Altcoins will follow. BTC 1 day graph is looking uptrend and might fly if will hit and crossed $66,998.
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As always, whenever Bitcoin is reaching a new ATH, correction can follow immediately after and it can be because traders are taking profits and taking advantage of the historical precedents. Now, after some days, Bitcoin can either go sideways or go surging for a possible another ATH.
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Yeah, at every All Time High, as many of us has experienced in recent years, there may be dip or pull back because many traders want take profit. This situation will always cause bitcoin corrections, then a new circle of movement set in, and if there are no negative speculations, the bull we regain its momentum. A negative news/speculations may also lead to bear run, however, I think bitcoin is hitting $70k at the end of 2021 or early 2022.
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The price of bitcoin has dropped slightly recently and is just over $ 60,000. Even if its price continues to fall for some time, however, I do not think that this trend will be long in time. Tomorrow starts November and this is usually a good period for a significant increase in prices in this market. If nothing unexpected happens, then most likely we will see a new wave of growth in the price of bitcoin and its new price record above $ 70,000.
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We see how easily and quickly Bitcoin has climbed to a new price level of almost $ 69,000 lately. He can also easily climb the next time and up to 80,000 - 90,000 dollars. The fourth quarter is the best time for cryptocurrency to rise in price, and now we are not seeing negative information that could hold back the price growth of the cryptocurrency.