Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: antonyyu3 on March 06, 2024, 10:57:15 AM
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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?
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Still don't know about bad news behind bitcoin dropping drastically after success raise more than $69k and without few hours price down roughly until 12%. I think correction is normally when bitcoin have been on higher price and usually all altcoin will face the correction moment but not have to be panic with faster potential bitcoin can recovery as soon possible.
You can see current bitcoin price right now almost close with the highest price but little difficult with faster recovery for altcoin, need to be more cool facing correction moment and don't be panic for selling our bitcoin. "If you can't hold, you won't be rich" always remember what said by CZ as Binance CEO former.
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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 $69k something does not have a significant increase to pass the previous ATH. This only means that Bitcoin still has something to prove and whales are getting ready for possible dumps they can fill their bags before the real rally will begin. Though I might be wrong here but who knows right?
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That is the usual way bitcoin marks it all time high, at least, the growing capital market of bitcoin is something that we should have positive mindset towards since bitcoin is already running into bullish market trends, this significant movement in price of bitcoin have made it absolutely possible for those who want to make use of the DCA approach to take gains a d still but back since the price for now is highly volatile and investors are not willing to let go of their assets.
But all the same, the overall market is looking so positive to the point that it allows for easy speculations of the market, and many will hold a large percentage of the bitcoin holdings, which will result to liquidity building for bitcoin and aim at obtaining an all time high price.
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Bitcoin has touched the previous ATH but after that we again see huge Fluctuations which means that it will go more higher than this ATH but it will takes some time as again it is 67k$ which implies that we are nearer to 69k$.
May be some people have sell their bitcoin due to which we are experiencing dip again and may be there are some new behind this drop. This is not the end but bitcoin is again in good market condition so have some more patience if you wants to be profitable during this Bull season.
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Bitcoin has touched the previous ATH but after that we again see huge Fluctuations which means that it will go more higher than this ATH but it will takes some time as again it is 67k$ which implies that we are nearer to 69k$.
May be some people have sell their bitcoin due to which we are experiencing dip again and may be there are some new behind this drop. This is not the end but bitcoin is again in good market condition so have some more patience if you wants to be profitable during this Bull season.
just like my analysis, bitcoin will go down and reach a higher number. Some people panicked, thinking this was the end of the bull run even though it was just a correction. And some investors are keeping calm, buying bitcoin and holding it. This depends on each person's analytical skills in seeing market phenomena.
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Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed 70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?
I think the whales were testing their strength to see how possible that they could still control the market and they succeeded. What happened yesterday was very intriguing as I began to wonder if there are truly strong hands still exists in the industry but paper hands everywhere. I was surprised to what I saw yesterday and it began to give me concern as to when will the paper hands become stronger and be able to withstand the market pressure and manipulation.
It is unfortunate what happened yesterday but the whales already tested their strength and it worked for them.
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Bitcoin has touched the previous ATH but after that we again see huge Fluctuations which means that it will go more higher than this ATH but it will takes some time as again it is 67k$ which implies that we are nearer to 69k$.
May be some people have sell their bitcoin due to which we are experiencing dip again and may be there are some new behind this drop. This is not the end but bitcoin is again in good market condition so have some more patience if you wants to be profitable during this Bull season.
just like my analysis, bitcoin will go down and reach a higher number. Some people panicked, thinking this was the end of the bull run even though it was just a correction. And some investors are keeping calm, buying bitcoin and holding it. This depends on each person's analytical skills in seeing market phenomena.
I don't think they panicked though, it reaches new all time high, and it's obvious that it's profit taking more than investors getting nervous because of the quick rise and reaching new all time high. And after it touches $69k it went down hard, but guess what? It's on the range of $67k again. So there is no massive collapse on the price that's why I believed it's just profit taking and nothing else.
And I do believed that it will continue to it's rise and will touch base $70k this month before the halving. If it does then it's going to be a big bull run this year and next year and it could be true that the speculation that it will hit 6 digits as it's new all time high is just about right, in my opinion.
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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?
This is not surprising, in fact, who would have thought that Bitcoin's price plunge would last for quite some time. But it turns out I was wrong. Because, after this significant plunge, in fact, the price of Bitcoin could shoot up quite well. Yes, it is true that currently, the price of Bitcoin has not yet exceeded ATH, but at least, the price development in the market is very significant. Until this post was made. Bitcoin price on CMC is $66,089
https://coinmarketcap.com/currencies/bitcoin/
So, in this month, what rate the price of Bitcoin will go then?
Will it really reach $75k?
Hopefully, we are heading Bitcoin halving, and everything may happen. But, we must also check it regularly because the fluctuation of the BTC price is still very high.
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This is not surprising, in fact, who would have thought that Bitcoin's price plunge would last for quite some time. But it turns out I was wrong. Because, after this significant plunge, in fact, the price of Bitcoin could shoot up quite well. Yes, it is true that currently, the price of Bitcoin has not yet exceeded ATH, but at least, the price development in the market is very significant. Until this post was made. Bitcoin price on CMC is $66,089
https://coinmarketcap.com/currencies/bitcoin/
So, in this month, what rate the price of Bitcoin will go then?
Will it really reach $75k?
Hopefully, we are heading Bitcoin halving, and everything may happen. But, we must also check it regularly because the fluctuation of the BTC price is still very high.
It is normal for Bitcoin when it is approaching the halving that the price will return to normal at an expensive price and there is also good news from the ETF making Bitcoin's price even higher. It can be seen that Bitcoin price movements are always like that, once every 4-5 years it will definitely become expensive again, we as traders just need to find the right position to enter and exit to make a profit.
The price of Bitcoin will very easily go to $75k and it seems that by the end of this year the Bitcoin price increase target is $100k
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Still don't know about bad news behind bitcoin dropping drastically after success raise more than $69k and without few hours price down roughly until 12%. I think correction is normally when bitcoin have been on higher price and usually all altcoin will face the correction moment but not have to be panic with faster potential bitcoin can recovery as soon possible.
You can see current bitcoin price right now almost close with the highest price but little difficult with faster recovery for altcoin, need to be more cool facing correction moment and don't be panic for selling our bitcoin. "If you can't hold, you won't be rich" always remember what said by CZ as Binance CEO former.
It might be of interest for us to also note that same scenario also occured in November 2021, Bitcoin also experienced a sudden drop after it also reached a high of over 69k, it was also very alarming and unexpected for a lot of investors as there also raised questions to why Bitcoin experienced such a fall after advancing with such a positive trend.
There are a number of possible explanations to justify the declination in price. First, we could consider profit taking as one of the reasons. Bitcoin has reached it's ATH so it's possible that many investors believe that this action could be accompanied by a declination, and seeing they were in profit, decides to take out their profit, if several investors do this, then it's enough to cause a sudden decline in the price of Bitcoin.
Again, we all know that Bitcoin is a very volatile asset and volatility is a normal part of investing and Bitcoin can drop drastically without something bad necessarily happening, but even with a significant drop, Bitcoin has still experienced a net increase in value over the long-term.
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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?
There is still a lot of fuel left for Bitcoin to burn so soon we can see it already reached beyond the $70K border...formally setting a new ATH and will never look back for the time being while we are waiting for the halving to occur in April. There are still many days left in March so I am expecting many exciting things to occur here...pushing the price of BTC to skyrocket some more. Of course, there can be some small corrections and they can even be healthy for Bitcoin as if getting more energy for more bullish runs ahead. The whole market is now enveloped by that bullish mood and not just Bitcoin actually as soon we can see the strong rise of many popular alts too.
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We should expect more bitcoin pumps this month, we are likely going more high and we may as well see the market going dip but this is just to help it prepare for more highs, then after the halving, anything can happen and we continue to see the market bull steadily forming new highs till we attain the highest, as some had already predicted that we may see bitcoin at $80,000 before the end of March and even if this does not come as earlier expected, we are still going to have it anytime sooner and beyond.
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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?
It's a norm for Bitcoin to get rejected from the previous all time high but be rest assured, that all time high will be broken very soon. The reason why you see that it crashed badly was a lot people psychological know that it will dump as soon as we reach that level of trade, a lot of people are going to sell their bags and wait for the market to retrace so they can buy again.
Another reason why you see that it dump is because of market shorters, there is a lot of manipulation from market shorters who has open short positions in that range in future trades and then they now dump many Bitcoin on the spot trading, this will make a lot of people to sell and then they gain in the future trades they shorts, this is how market manipulation works.
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It's a norm for Bitcoin to get rejected from the previous all time high but be rest assured, that all time high will be broken very soon. The reason why you see that it crashed badly was a lot people psychological know that it will dump as soon as we reach that level of trade, a lot of people are going to sell their bags and wait for the market to retrace so they can buy again.
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.
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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.
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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.
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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.
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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? :D
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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.
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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.
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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.
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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.
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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 $100,000 where I expect huge resistance due to the above mentioned and the symbolic nature of the round figure.
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Like the title. Bitcoin experienced quite a fluctuation yesterday. It looks kind of struggle to exceed 70k. Now it is back to 67k. What do you guys think? Is it hitting the top in this bullish trend?
Same thing happened when it reached 70k$ 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.
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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?
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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.
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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.
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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.
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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
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It's normal for the market to have ups and downs but the last few days the bitcoin market seems unusual to me because the last few days the bitcoin market has fluctuated abnormally. The kind of volatility that the Bitcoin market has experienced in the last few days is usually the kind of volatility that I feel in the market for ALT coins. However, although there is a lot of volatility in the market, the market is currently in a very good condition and the market will definitely try to create a good support in this condition. In this situation, if a good support is found, the price of Bitcoin will struggle again and there will be a possibility of increasing the price of Bitcoin again.
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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
Halving does have a big influence on Bitcoin price movements, however you need to know that after the halving which occurred several years ago the price will fall quickly and one year later the price of Bitcoin will rise again accompanied by an increase in Altcoin prices.