Bitcoin touched 69k but drop roughly 12% within half day. What do you think

[Faisal2202]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

After hitting $70k, people sold there BTC, and then it went back to the $62k price zone and at that time people bought again and now yesterday BTC just crossed $70k again. But I doubt this time people will sell there BTC because they have understand now that BTC has huge potential and it can cross $100k even but not before halving. As many are expecting but I am not.

We have to wait for Halving if we want to see big pumps in BTC price or want it to see at the price range of $100k or $150k. As of writing this post, you must see BTC price has been recovered and that was so obvious because big selling and less buying means drop in price. And old people have know that buying high is the worst mistake ever.

[TopT3ns]

Yeah that is exactly what makes the price fluctuate and it's pretty normal in this industry and it is repeating itself every now and then. What is important in this cycle is that opportunities and chances is quiet high so either you buy or sell it will surely be an advantage.

Yes, selling must be based on profits that must be obtained and never sell assets when the price is still cheap, meaning the profits obtained are very small. So before taking action, you must consider it carefully so as not to harm yourself.

[armanda90]

I don't know who behind make bitcoin got correction drastically last several days after touching around $69k and dropping drastically more than 12% with bitcoin price dump to $59k. But not much problem for bitcoin recovery and return back to the higher price after dropping drastically and last day make another new higher price more than $70k. Near future with halving seems not much problem with how bigger and potential FUD although bitcoin drop drastically but take short term awhile recovery back to the higher price.
Bitcoin price most stable and keep going up with halving left few days later, its not moment for FUD make people panic for selling their bitcoin and easily how to get recovery.

[LogitechMouse]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

By the time I'm posting this, Bitcoin has reached a new ATH on Coingecko again with around ~$69,700. Right now, Bitcoin is sitting at the $69,500 price.

Be more patient. We expect some small corrections along the way, but it will reach that $70,000 price sooner than we expected. What's also good is that, Bitcoin is trying to reach the $70,000 price many times already, and even though it is going down minutes after it reaches that price, it's a pretty good sign because, in TA, they're saying that the more it touches the price, the better. Bitcoin has been trying to reach a new ATH many times. That's a good sign.

Overall, the road will not be as smooth as we expected. There are many sellers around the $69,000 as well, but once it's gone, Bitcoin's price will go as high as $70,000, and TBH, with how things are going, it might reach that price even before the halving event happens. Kind of surprising isn't it?

[SmartGold01]

Nothing much it's natural when a price is soaring like this people always wants to take profits by then giving the market a kind pressure where it can't exceed that level meaning the selling pressure holding back the price to increase. After some traders takes profit you would see that it would touched the price of 70k within today and tomorrow since is trying to gain momentum to cross the price range of 69k there will always be some resistance.

[Power420]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

Bitcoin price is almost always in an uptrend, of course Bitcoin price will hold 70k plus before the halving takes place. Because Bitcoin ETFs are currently being approved, the Bitcoin price is a sign of tremendous improvement. Although we cannot determine the price of Bitcoin at the moment so when the halving takes place there will be signs that the price of Bitcoin will be slightly lower. Investors will then be able to create opportunities to invest, and every halving will signal that.

[legend45]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

Bitcoin price is almost always in an uptrend, of course Bitcoin price will hold 70k plus before the halving takes place. Because Bitcoin ETFs are currently being approved, the Bitcoin price is a sign of tremendous improvement. Although we cannot determine the price of Bitcoin at the moment so when the halving takes place there will be signs that the price of Bitcoin will be slightly lower. Investors will then be able to create opportunities to invest, and every halving will signal that.

After the Bitcoin ETF was approved, we all saw Bitcoin showing extraordinary performance, the price strengthened and touched $70K, when the previous ATH had already been exceeded. This is a very exciting thing for all bitcoin holders.

[Fivestar4everMVP]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

Even right now, It still looks like some forces won't let bitcoin go above $70,000, they always find a way to crash the price back down anytime it goes into the $69,000 range and tried moving over to $70,000, we have a really strong resistance at that $70k range and as soon as bitcoin is able to go above or pass it, may the price will fly quickly to $80k, $90k and then, $100k.

We still have plenty of time away from the halving, and right now. Bitcoin is already very close to $70k, $69,700 to be precise as at the time of writing this comment, it's very possible it might break the $70k resistance before halving, but I highly doubt whales will allow it.
But in all, regardless of what happens in the short term, I think our focus should be on the long term price growth, and from what I've seen so far, bitcoin is definitely preparing for a new all time high at around $250k and $300k.

[Don Pedro Dinero]

Even right now, It still looks like some forces won't let bitcoin go above $70,000, they always find a way to crash the price back down anytime it goes into the $69,000 range and tried moving over to $70,000, we have a really strong resistance at that $70k range and as soon as bitcoin is able to go above or pass it, may the price will fly quickly to $80k, $90k and then, $100k.

What is happening is the usual thing that happens when the price reaches ath and even more so when it is close to a round figure. It is normal for there to be resistance around $70,000 and for it to be difficult to break through that figure several times. As things stand, I believe that it will not take long for the price to go beyond $70,000 and well beyond. Technically there is no resistance higher as the price has never been so high, although I would expect some ups and downs until the price reaches around $100,000 where I expect huge resistance due to the above mentioned and the symbolic nature of the round figure.

[bitterguy28]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

Same thing happened when it reached 70k$ because right after touching it drops back down  like when it reached 69 k dropping to 61k and I thought it's the end of the growing but I'm wrong and up to now making another attempt to break 70k and next target is 75k the resistance.

[Zed0X]

Buyers keep pushing BTC to a new ATH as it breaks $71K. We could see a push to $80K in a couple of weeks before another minor correction. Anyone has a prediction when price will finally reach the most awaited six digits?

[DabsPoorVersion]

Buyers keep pushing BTC to a new ATH as it breaks $71K. We could see a push to $80K in a couple of weeks before another minor correction. Anyone has a prediction when price will finally reach the most awaited six digits?

That's hard to tell or even give a word of when Bitcoin will reach the six digits of its price. The price movement of Bitcoin as of this year seems to be really fast and it's hard to how much it could reach. But maybe we can expect it in a few months after halving. No guarantee that we will see it this year but hopefully we will.

[Charles-Tim]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

Do not let the correction to distract you. Just know that the bullrun has started but the price can not just continue to increase. The price will increase and decrease but the increase will be more than decrease in a way that the price will be getting higher. See today, bitcoin is at $71999 when I posted this and it is still showing sign that it will increase. Just be thinking that bitcoin will get to $100000 and higher.

[Don Pedro Dinero]

Do not let the correction to distract you. Just know that the bullrun has started but the price can not just continue to increase. The price will increase and decrease but the increase will be more than decrease in a way that the price will be getting higher. See today, bitcoin is at $71999 when I posted this and it is still showing sign that it will increase. Just be thinking that bitcoin will get to $100000 and higher.

Technically speaking there is no resistance before $100,000, as the price has never been this high before, but there are bound to be ups and downs up to $100,000. What is clear is that it is not going to be a straight line and that, as you say, there will be ups and downs, with the downs being mostly profit taking, as everyone is in profit at these levels. But what is happening is a sign that the buying pressure exceeds the willingness to sell.

[MUGNIA]

Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed  70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?

I believe it will bounce back and make new ATH this year because $69k something does not have a significant increase to pass the previous ATH. This only means that Bitcoin still has something to prove and whales are getting ready for possible dumps they can fill their bags before the real rally will begin. Though I might be wrong here but who knows right?

yes, that's right, it will definitely rise and as we can see BTC touched the price of 71k, a very extraordinary achievement in my opinion BTC got a new ATH before the halving