Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: bitterguy28 on March 11, 2024, 01:22:38 PM
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
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I don't see any reason why Bitcoin wouldn't break through other price levels.
Today, a situation that is extremely favorable for further price growth has emerged. This includes the acceptance of Bitcoin as an official means of investment, and the acceptance of this status by the United States. Secondly, the expected halving, approximately in April 2024. The high demand of investment funds is caused by the understanding of the fact that 19+ million bitcoins, out of 21 million, have already been mined, and the remaining less than 2 million will be mined over the next 100+ years. 2024 will be a very interesting year for Bitcoin
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Looking at it, its almost already there, it doesn't really feel like it would be something that hard to achieve, not like we are dealing with anything major anyway. I get the point that many people did not expect it this soon, so seeing it be at 72k made a lot of people shocked, but since we are already here, there isn't really any reason why it can't be 75k or even 80k. That feels like natural progress at this point, there isn't any logical argument that can say that it wouldn't be there. I understand it "may" not, but also saying it "won't" would be wrong, the possibility is there and it can get to that level.
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Bitcoin is moving at an amazing speed towards its next target, and I do not see any difficulty in exceeding 75K. I expect this will be within the next two days only.
Regarding the correction, I do not agree with your opinion. There will inevitably be a correction, but it does not matter because the correction is healthy for every new rise. Without the correction, we could see a strong decline that could cause panic. Therefore, I see that the correction is a healthy and necessary condition for Bitcoin to stabilize and serve as a new starting point for a new rise and a new peak.
I am of the opinion that we are expected to see 100-125k$ after Halfling. Of course, some optimistic opinions go to the possibility of 150k$.
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I could see 100k by mid april.
and 200k by late dec 2024.
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Bitcoin price pump recently is something that no one expected but that is life for you. Due to the current pumping in bitcoin price I think that 75k is too low for bitcoin to reach before the halving. This reason that I said this is that bitcoin can pump to that price in just one or two days. I am expecting to see bitcoin price at 80k or above before the halving. There is always be correction in the price of bitcoin as that is inevitable. We will only experience a little price correction for the price to be able to pump higher. Hodli and watch how the price pumps.
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$75,000 is possible but we cant say when and how sooner this will take place, all i hope is to see the market not going dip by any means because we are getting this bullrull interesting already and its better we all enjoy this little one because the dip set in and from there we continue in bullrun till next year, as long as we are not going lesser to $70,000 then we are good with the present market performance and from there we could see more bull coming till we get to the halving.
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so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
It's current high right now based on Coingecko is $73,603.98.
With how the market moved in the past few days, I will not also be surprised if it will try to reach that $75,000 price as well.
I'm pretty sure those who bought at the bottom 2 years ago are now sitting at almost x4, and while many are sitting while having profit already, there are some investors out there who are trying to buy Bitcoin because they missed the opportunity that they have. I must say that I will only celebrate when Bitcoin reaches $100,000 for the first time.
No corrections? There will always be. It's just that we will see higher lows in the upcoming months. It will not be a straight line because along theway there will be some who will sell their Bitcoin holdings.
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so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
I think we are going to..experience a kind of sharp decline after the halving to $60k or even mid range of $50k level but it will be bought sharply and will settle around $60k range and after the halving, Bitcoin is going to touch a ATH of $80k to $90k before we finally do some heavy correction. At that at time high, the market is already overbought and anyone calling for $100k or even higher are just trying to be delusional especially the institutional investors who probably bought bitcoin ETF at $40k and want to see it go to a million dollars.
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I don't think anyone really expected that those ETFs would get so popular that fast. Of course, there were some people expecting "god candles" straight after SEC's announcement, but most level-headed investors didn't expect any fireworks. Personally I thought that there will be a lot of demand for such ETFs but expected that to grow slowly over a longer period of time. This is indeed a game changer for Bitcoin and the question is how will the price behave from now, especially post-halving. I think the expected cyclical price movement will get distorted.
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I don't think anyone really expected that those ETFs would get so popular that fast. Of course, there were some people expecting "god candles" straight after SEC's announcement, but most level-headed investors didn't expect any fireworks. Personally I thought that there will be a lot of demand for such ETFs but expected that to grow slowly over a longer period of time. This is indeed a game changer for Bitcoin and the question is how will the price behave from now, especially post-halving. I think the expected cyclical price movement will get distorted.
But do you think that the effect of this new rise in bitcoin is due to the ETF? According to what I have read, they said that the effect of the ETF would be within the first 3 or 4 months, then they changed it and said that the bullish effects would be seen after only 6 months of approval, we are barely there In the third month, if the market is behaving this way, and if it is not due to the effects of the approval of the ETF, then when the fact that it is subsiding thanks to the ETFs becomes a reality, how much will the price be able to locate?
I am not very good at Bitcoin predictions, but I think that when all the effects of the ETF are combined, plus the Halving and possibly the 4-year cycles where it is fulfilled, it can give a good ATH, then for me It can go up to $250k -$300k and it is not far from reality, according to Kiyosaki himself also predicts that.
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Today is not the proof that we may not, today is the proof that we definitely will. Why? Because it was around at 71-72k range, and then needled to under 69k, which normally is something that scares people and many people see that fall and end up panic selling and causing even further fall etc etc, we could have totally seen a 65k or maybe even lower bitcoin today, all due to that small fall, its a ripple effect that makes it go down more when it goes down. However, instead of any of that, we ended up bouncing right back up, very quickly, within just few hours. That shows that people are holding and buying, and they are not selling.
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I thought we could see $75k before a correction, but it looks like the whales decided to take profits today.
But if the market does not panic, it is possible that whales will start buying again and the price will rebound back towards $75k.
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I thought we could see $75k before a correction, but it looks like the whales decided to take profits today.
But if the market does not panic, it is possible that whales will start buying again and the price will rebound back towards $75k.
Whales will not get panic when small traders sell off, instead the whales and Institutions are the caused of panic because they can make big price movement in the market. Institutions and whales already have holdings, so if they want to sell, it will cause panic. But the thing is we don't exactly know what price will they sell their assets. But if we back test the chart, usually the big volume occur in every swing point. So it's better to sell when the price is near the swing point.
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I thought we could see $75k before a correction, but it looks like the whales decided to take profits today.
But if the market does not panic, it is possible that whales will start buying again and the price will rebound back towards $75k.
Whales will not get panic when small traders sell off, instead the whales and Institutions are the caused of panic because they can make big price movement in the market. Institutions and whales already have holdings, so if they want to sell, it will cause panic. But the thing is we don't exactly know what price will they sell their assets. But if we back test the chart, usually the big volume occur in every swing point. So it's better to sell when the price is near the swing point.
Paying attention to how Whales enter and go from that market needs to be done.
Just follow how the Whales move, never fight it.
They do manipulations pretty well, make FOMO, make FUD to make more profit.
Retailers like us are just sheep to them, and they keep giving bait to keep going in and out.
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I thought we could see $75k before a correction, but it looks like the whales decided to take profits today.
But if the market does not panic, it is possible that whales will start buying again and the price will rebound back towards $75k.
When we will see $75k? Do you assume it will be in the near future? Sure, there must be a correction before it continues to raise up to $80k. If Bitcoin price jumps to $75k in the next few days, it may drop again around $72k -$73k before it tries to increase to $78k and above.
Market won't be panic, people who feel panic! :D
Long term whales may stop buying because they already have enough coins on their wallets. But the whales who target a short term profits, may try to manipulate the market. But we must understand that they won't panic because they are experienced enough.
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When we will see $75k? Do you assume it will be in the near future? Sure, there must be a correction before it continues to raise up to $80k. If Bitcoin price jumps to $75k in the next few days, it may drop again around $72k -$73k before it tries to increase to $78k and above.
Market won't be panic, people who feel panic! :D
Long term whales may stop buying because they already have enough coins on their wallets. But the whales who target a short term profits, may try to manipulate the market. But we must understand that they won't panic because they are experienced enough.
I don't sure near future we can see bitcoin raise $75k after latest higher price on $73k just existing awhile and bitcoin dropping almost one month difficult get higher price any more. I have the same opinion with you how bitcoin potential may drop again under $70k after stuck more than one month and bitcoin difficult on bullish moment.
Some holder still panic with little market correction and make bitcoin can't hold on higher price for longer time, after $73k is the new all time high how much next target and when its happening?
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Some holder still panic with little market correction and make bitcoin can't hold on higher price for longer time, after $73k is the new all time high how much next target and when its happening?
Stockholders do not have good market experience and rush to get big profits in the quickest and shortest possible time. Maybe some of them will sell but it is good that this will not have an impact on the market.
Returning to our main topic, I think that the 75K target is very close to reach, perhaps within a few days, especially as we rapidly approach the halving event, and then we will definitely see things change for the better.
As for when it will happen, we may need a few months in most cases until we see the tangible impact of halving on the ground.
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Some holder still panic with little market correction and make bitcoin can't hold on higher price for longer time, after $73k is the new all time high how much next target and when its happening?
Stockholders do not have good market experience and rush to get big profits in the quickest and shortest possible time. Maybe some of them will sell but it is good that this will not have an impact on the market.
Returning to our main topic, I think that the 75K target is very close to reach, perhaps within a few days, especially as we rapidly approach the halving event, and then we will definitely see things change for the better.
As for when it will happen, we may need a few months in most cases until we see the tangible impact of halving on the ground.
I agree with you, we cannot see such price before the halving which is close at hand. After the halving is when we will see such pri e of 75k,and above. This is the time for investors to keep their bitcoin and wait for the halving event to come and go, before they can conclude on what to do next. Just Hodli, relaxand watch the market moving to the next direction.
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I thought we could see $75k before a correction, but it looks like the whales decided to take profits today.
But if the market does not panic, it is possible that whales will start buying again and the price will rebound back towards $75k.
Whales will not get panic when small traders sell off, instead the whales and Institutions are the caused of panic because they can make big price movement in the market. Institutions and whales already have holdings, so if they want to sell, it will cause panic. But the thing is we don't exactly know what price will they sell their assets. But if we back test the chart, usually the big volume occur in every swing point. So it's better to sell when the price is near the swing point.
Paying attention to how Whales enter and go from that market needs to be done.
Just follow how the Whales move, never fight it.
They do manipulations pretty well, make FOMO, make FUD to make more profit.
Retailers like us are just sheep to them, and they keep giving bait to keep going in and out.
I get your point, but we can also ride with those whales? if we see large sell orders then we shouldn't bite on it and be nervous. But instead when the price goes down then buy more and vice versa.
Not so fast with the $75k though, we might have to go to halving before we can see this price or even higher at $80k. I believed post-halving, demand will go up as everyone is trying to get into bitcoin as it will be more scarce than ever.
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Returning to our main topic, I think that the 75K target is very close to reach, perhaps within a few days, especially as we rapidly approach the halving event, and then we will definitely see things change for the better.
Let's see if Bitcoin can reach $75k in the next few days. Honestly, I also expect this although I'm not really sure due to some bad news. I saw few bad news yesterday, but it seems no effect on the market. If it really brings no impact on the market, I am also optimistic we will see $75k soon. We are almost in Bitcoin halving time, it should be easy to trigger the increase in Bitcoin price.
As for when it will happen, we may need a few months in most cases until we see the tangible impact of halving on the ground.
Why we need several months?
Even before the halving, we already saw the impact of Bitcoin halving.
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Returning to our main topic, I think that the 75K target is very close to reach, perhaps within a few days, especially as we rapidly approach the halving event, and then we will definitely see things change for the better.
Let's see if Bitcoin can reach $75k in the next few days. Honestly, I also expect this although I'm not really sure due to some bad news. I saw few bad news yesterday, but it seems no effect on the market. If it really brings no impact on the market, I am also optimistic we will see $75k soon. We are almost in Bitcoin halving time, it should be easy to trigger the increase in Bitcoin price.
As for when it will happen, we may need a few months in most cases until we see the tangible impact of halving on the ground.
Why we need several months?
Even before the halving, we already saw the impact of Bitcoin halving.
I agree we could shoot way up 🆙 75,80,85 by friday is easy to see happen.
or not.
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Why we need several months?
Even before the halving, we already saw the impact of Bitcoin halving.
Most likely, the effect that we saw during the last period is due to the ETF and not due to halving. The real effect of halving or the decrease in rewards has not yet begun.
As for why it takes months to see the effect of halving? This is because reducing mining rewards by half takes some time for its effect to appear. There are large quantities already present in the market, and the effect of reducing rewards will not appear until after a period of time. I do not know exactly how much, but I guess it is months compared to previous cycles.
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The recent flash crash is said to has happened during Asian trading hours and some say it could be due to strengthening of the US dollar. The more expensive the dollar, the more expensive the Bitcoin (which is primarily denominated and traded in the USD), making it too expensive for potential buyers.
Dollar going up also means some investors might want to jump from from BTC to USD as they can have quick gains in much safer investment.
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Not so fast with the $75k though, we might have to go to halving before we can see this price or even higher at $80k. I believed post-halving, demand will go up as everyone is trying to get into bitcoin as it will be more scarce than ever.
Dropping by half of the current price or some correction that will occur is quite normal.
Because the bitcoin market looks so saturated and in need of correction, this will be an opportunity for traders to start accumulating bitcoin at a cheaper price.
But panicked novice traders will sell their bitcoin holdings cheaply as the price continues to fall.
This is an opportunity to do DCA, but also be prepared with a strategy and spare money.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
Well after asking this thread and the whole March did not bring us 75k in which this made me sad so now I will update the question to......
Are we finally going to break 75k this month of April since halving month recorded?
Again I will update question once we broke this price and to check for another increase .
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Yes for sure, the $75k price tag is a done deal to happen before the end of the year. It can happen in this Q2 of the year or the Q3. Whichever way, I believe the price of bitcoin will surge to $75k, even above it. All we ought to do is be patient and trust the movement of the bitcoin price even if Bitcoin experiences a correction after the halving because a correction would happen before Bitcoin begins to surge again which will push its price to a higher of $100k above.
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Yes for sure, the $75k price tag is a done deal to happen before the end of the year. It can happen in this Q2 of the year or the Q3. Whichever way, I believe the price of bitcoin will surge to $75k, even above it. All we ought to do is be patient and trust the movement of the bitcoin price even if Bitcoin experiences a correction after the halving because a correction would happen before Bitcoin begins to surge again which will push its price to a higher of $100k above.
Hopefully what you hope for in Bitcoin will soon be achieved, looking at the current situation it seems very difficult to reach the price you want. At least there should be more good news like last time's ETF which could trigger whales to buy Bitcoin in very large amounts.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
The price of BTC will rise by the end of this April itself, at the moment when the American government has announced to sell bitcoins, due to which the price of bitcoins is low in the current market. So if the American government stops selling bitcoins, surely the price of bitcoins will touch 80k. Because there are many reasons for Bitcoin price to increase this year and may be massive investor rush, and Bitcoin ETF approval will increase Bitcoin price. And everyone believes in Bitcoin which is why all the investors have massive long-term holdings of Bitcoin for 2025. Because peak bull market awaits in 2025 where Bitcoin price is very likely to hit peak price.
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Relax guys, this sometimes takes a long time but then in the blink of an eye we will be close to $100,000. At least we are at these levels, remember how desperate the bear market was? We are currently at 67,506, very close to the previous ath and also close to the most recent one. I don't know when we will get to $75,000, but we will get there and pass it, that's for sure.
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Knowing that there was a big psychological factor at play to the post-halving effect on the price, I fear that this could have been a little bit worn off by the unexpected bull run caused by the approval of the spot ETFs and the demand related to it.
After already having an early pump and the new ATH, the post-halving enthusiasm could turn out to be a lot smaller than in the previous cycles. So, I think, that if we are to see levels significantly above $100k, we'd need to have something more solid than retail investors jumping in just because of the FOMO.
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Don't look at it being "low" right now, its obvious that we are going to end up with a better result without a doubt. I understand that it may feel like the drop made it harder, but the reality is that we are going to end up with something much better in the end, so we should consider that as a good indicator. I am not saying that we can't make it work one way or another, we just need to figure out how and when it will go back up. Sure its a little down now, but 75k+ is inevitable and will happen, we have to just make sure that things will look to be better soon, so we can't really consider the situation to be all that bad.
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Bitcoin history price definitely makes you mature that insatiable thought of the next ATH, and gives you that patience.
Price margins are what is really important, like when we go from +3k to 10k, etc. Therefore, the next interesting floor is +80k, which will occur in June*.
*:🎯
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Are we finally going to break 75k this month of April since halving month recorded?
Again I will update question once we broke this price and to check for another increase .
Because we will have bitcoin halving, I think it won't be difficult to pass $75k in this month. Even, most people predicted that the price of Bitcoin will be above $80k during the Bitcoin halving. The circulating supply of Bitcoin will drop much, so there will be a big increase in Bitcoin price in the market. Moreover people know that Bitcoin halving is a great moment, there are many people who want to trade Bitcoin at that time.
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Because we will have bitcoin halving, I think it won't be difficult to pass $75k in this month. Even, most people predicted that the price of Bitcoin will be above $80k during the Bitcoin halving.
I am not so clear if it will be this month, as I have been looking at the chart for the last few months and there seems to be resistance around $70,000. Having broken the previous ath and reached $73,750 many of us thought there was a clear path to the upside but as you can see on the chart it looks like resistance has formed at those levels. We have to think that resistances, as well as supports, are not formed on exact numbers, but on a range. And that seems to have happened here.
The circulating supply of Bitcoin will drop much, so there will be a big increase in Bitcoin price in the market.
No. What will be reduced is the supply of new bitcoins, which are mined with each block as a reward.
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The Market enters $72,000 this morning, then dropped down and we are also back on something close to that at $71,800 this means a lot that we should always treat the market as how it has always been ever volatile because you can must discover from the wake of the next day that bitcoin market price has moved on a new turn around with market price far away from where you left it.
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The Market enters $72,000 this morning, then dropped down and we are also back on something close to that at $71,800 this means a lot that we should always treat the market as how it has always been ever volatile because you can must discover from the wake of the next day that bitcoin market price has moved on a new turn around with market price far away from where you left it.
It's a bit weird because the volume isn't even that high. It's about half as less as what we've seen in early March. Usually increase in price would go in pair with increased volume but lately this has reversed and we tend to see higher volumes when the price sinks.
It's almost like the spot ETFs have messed up everything in terms of price action predictions. Can't complain though. I expected a dip but we're still holding above $70k and my see another ATH soon.
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The Market enters $72,000 this morning, then dropped down and we are also back on something close to that at $71,800 this means a lot that we should always treat the market as how it has always been ever volatile because you can must discover from the wake of the next day that bitcoin market price has moved on a new turn around with market price far away from where you left it.
It's a bit weird because the volume isn't even that high. It's about half as less as what we've seen in early March. Usually increase in price would go in pair with increased volume but lately this has reversed and we tend to see higher volumes when the price sinks.
It's almost like the spot ETFs have messed up everything in terms of price action predictions. Can't complain though. I expected a dip but we're still holding above $70k and my see another ATH soon.
Luckily the price of bitcoin has fallen to $60k. Soon we will enter a bearish season which will cause the price of bitcoin on exchanges to fall very deeply and there is a possibility that the price of bitcoin will reach $20k again. Hopefully the price I mentioned can be reached soon and we can buy as much as possible when the price is cheap.(https://www.talkimg.com/images/2024/04/17/jJM61.png)
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I got some at just under 60k I am set for more at 57k
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I got some at just under 60k I am set for more at 57k
If you buy Bitcoin at a price below $60k then you are lucky and now you should be able to sell with a sufficient profit. However, if you want to wait until the price is higher then we can sell at the end of this year or at least wait until Bitcoin reaches a new ATH .
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
The new ATH was created and this is $73,750
But, in fact, Currently, we cannot reprint a new ATH because after that, the price of Bitcoin actually crashed very drastically due to several FUDs being spread. And even the effects of the halving are not yet too high. yes, because in some cases, the price of BTC will only skyrocket after a few months of the halving. So we really have to be more patient. It seems that the desire to get to $75k is still quite far away.
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Bitcoin failed to break out $75k at least and latest higher stuck on $73k, have been one month later after the highest price break and bitcoin seems top awhile to make new ATH.
FUD coming every time after bitcoin success break with the new ATH but its not problem with optimistic after halving keep believing raise to $75k is not really difficult. I believe how bitcoin keep strong to face many time FUD and correction before returning to higher price.
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Bitcoin failed to break out $75k at least and latest higher stuck on $73k, have been one month later after the highest price break and bitcoin seems top awhile to make new ATH.
FUD coming every time after bitcoin success break with the new ATH but its not problem with optimistic after halving keep believing raise to $75k is not really difficult. I believe how bitcoin keep strong to face many time FUD and correction before returning to higher price.
but now since we are already in the Halving effect lets see how far it will go , considering that we have recorded the recent ath at almost 74 k so we are looking for 80k in before the end of April.
and one thing that I do believe will happen is that 100k is near the corner , 3rd or 4th quarter of this year will not be that far.
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but now since we are already in the Halving effect lets see how far it will go , considering that we have recorded the recent ath at almost 74 k so we are looking for 80k in before the end of April.
and one thing that I do believe will happen is that 100k is near the corner , 3rd or 4th quarter of this year will not be that far.
Hopefully what you say is true because so far I see the potential for an increase in the price of Bitcoin seems very difficult to happen, Bitcoin must need good news to trigger whales to buy Bitcoin in very high amounts. If there is no good news then as you can see, It's hard to go up.
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Bitcoin failed to break out $75k at least and latest higher stuck on $73k, have been one month later after the highest price break and bitcoin seems top awhile to make new ATH.
FUD coming every time after bitcoin success break with the new ATH but its not problem with optimistic after halving keep believing raise to $75k is not really difficult. I believe how bitcoin keep strong to face many time FUD and correction before returning to higher price.
Yes. It is sad that Bitcoin failed to reach $75k, it even doesn't return to $70k. The price of Bitcoin looks hard to increase again, it tends to drop in the last few days. We don't only see FUDs, but there are also some issues that make it difficult for Bitcoin to grow. Maybe many people are trying to sell their Bitcoin, so there are many supplies in the market. It is very different with our prediction that there will be a big decrease of supply in the market.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
This turned out to be a solid thread here we are struggling to just reach 70K no less,75K
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This turned out to be a solid thread here we are struggling to just reach 70K no less,75K
Tons or majority had been anticipating for 80k breakout when Bitcoin did hit up that 70k but the price did make that correction on which this is somewhat that being anticipated or something that been that already expected. This is why it would be always better that you do have the funds for DCA when you are a short term trader but if you are going for long then any price
entry wont really be that an issue. This is why making adjustments on what the price movement or condition will really be always that something to consider from time to time.
We dont know on what comes next, so plan B's would be relevant.
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We can't be certain on what the next move the market could make or happened was we know already we have achieved 73k as ATH this shows that there is every possibility we could see more high or low price. But as a bitcoin investor we need to be optimistic and hopeful for what we could see next provided we have our investment safe and secured then we don't need to worry since we had already witnessed the halving, we should be expecting from ending of this year to beginning of 2025 to cross above 75k if possible.
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We can't be certain on what the next move the market could make or happened was we know already we have achieved 73k as ATH this shows that there is every possibility we could see more high or low price. But as a bitcoin investor we need to be optimistic and hopeful for what we could see next provided we have our investment safe and secured then we don't need to worry since we had already witnessed the halving, we should be expecting from ending of this year to beginning of 2025 to cross above 75k if possible.
True, at this time we cannot be sure whether bitcoin will reach a new ATH again this year, but as you said, for now we have passed the halving and there should be potential for the price of bitcoin to increase to a new ATH which may occur in next year.
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True, at this time we cannot be sure whether bitcoin will reach a new ATH again this year, but as you said, for now we have passed the halving and there should be potential for the price of bitcoin to increase to a new ATH which may occur in next year.
The Bitcoin price journey is such that it goes up and down. We are often made quite worried by the various FUDs that always accompany Bitcoin's journey and its movements in the market become quite price-influenced. Hmm, this is more than 2 weeks after halving. And market fluctuations are still quite high. But what is certain is that the price of Bitcoin has risen quite a bit, unlike last week when it dropped to $56k.
And as for the possibility of Bitcoin printing another ATH this year or not, I also can't speculate much. However, usually Q4 will be one of the deciding months, right? I really hope that Q4 this year can really achieve higher prices than ATH again. The journey is still quite long, so we just have to prepare to accumulate Bitcoin. and don't panic easily. Whether this year or next year the ATH will be reached again, the important thing is not to be bearish in the past. ha ha ha
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"This year" is not really an ideal way to say this, I feel like we are going to definitely see it go to all time high this year, because we have something that is quite big, we are in may right now, we have 7 more months left and we are already above 60k, last I check it was about 64k or something, which means that we need to go up only a bit more. Saying that we can't go up like 10k in 7 months makes no sense to me, as someone who has spent a lot of time in crypto, we could even be 100k, I am not saying that we are going to be, I am just saying that it wouldn't be all that crazy if it ever happened, so lets calm down and wait for another increase.
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True, at this time we cannot be sure whether bitcoin will reach a new ATH again this year, but as you said, for now we have passed the halving and there should be potential for the price of bitcoin to increase to a new ATH which may occur in next year.
We will never know if Bitcoin to reach the ATH again. It is something impossible, it is like guessing the future life. Even we make a valid prediction through analysis or research, it never determines anything. However, if we learn the previous bullrun season, the peak of Bitcoin price will be in the next few months after Bitcoin halving. Next year is predicted to be the time of the highest price of Bitcoin, it may be the time for the next ATH. But of course it is just our prediction.
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We will never know if Bitcoin to reach the ATH again. It is something impossible, it is like guessing the future life. Even we make a valid prediction through analysis or research, it never determines anything. However, if we learn the previous bullrun season, the peak of Bitcoin price will be in the next few months after Bitcoin halving. Next year is predicted to be the time of the highest price of Bitcoin, it may be the time for the next ATH. But of course it is just our prediction.
I think its possible for bitcoin reach new ATH again but take around two until three months later looking bitcoin keep stable on lower price and get more correction than break out to higher price.
Learn from previous bull run take moment for longer time and I think bitcoin touch new ATH maybe the end of this year if not bigger correction.
Be more patience waiting for another new ATH behind how longer time for bitcoin last year reach until $72k and we need waiting almost one year how possibilities bitcoin up again.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
This turned out to be a solid thread here we are struggling to just reach 70K no less,75K
yeah and we did not break that 75k but am veryt contented to what had bitcoin achieved before that halving and now still confident that there will be so much better waiting in the coming weeks or months at least not a whole year waiting.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
I don't think there is any possibility to see bitcoin going above 75k very soon or anytime soon because the news surrounding the market is could gradually affecting the growth, also Nigerian government fighting against most of the cryptocurrency exchange to delist NGN from their p2p platform and Nigeria is a key player in cryptocurrency and market could be affected as well. You can also read a news from chainalysis (https://www.chainalysis.com/blog/africa-cryptocurrency-adoption/#:~:text=Spotlight%3A%20Nigeria%20is%20Africa's%20top%20crypto%20economy&text=In%20fact%2C%20Nigeria%20is%20one,it%20third%20among%20those%20six.)although I don't know how authentic this site could be.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
back in 2021 I stated 70k in may I guarantee it. boy was I wrong it took til march of 24 to get there.
If cold be your thread was the jinx thread for btc and we are fucked for years to come.
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A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).
I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.
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A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).
I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.
that only works for a holder.
When we got to 69k I sold .25 btc
When it dropped to 16k in 2023 I purchased .25 btc
I crushed inflation.
I sold at 71k this year.
I also did well selling at 69k in Nov 2021.
doing point to point does show the weakness of hold.
which certainly happened between nov 2021 and march 2024
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I think its possible for bitcoin reach new ATH again but take around two until three months later looking bitcoin keep stable on lower price and get more correction than break out to higher price.
Learn from previous bull run take moment for longer time and I think bitcoin touch new ATH maybe the end of this year if not bigger correction.
Be more patience waiting for another new ATH behind how longer time for bitcoin last year reach until $72k and we need waiting almost one year how possibilities bitcoin up again.
I am also confident Bitcoin can reach a new ATH. Even it can't reach $100k, it should be above $90k at least. It is very strange if the ATH in this season is only $73k, it is only a $4k difference from the previous ATH. It means there is no significant change in Bitcoin price after 4 years. This shouldn't happen although it is true that Bitcoin price will never be predictable.
Yes, we must be more patient to wait for the next pump. I am sure the next huge pump will be in Q3-Q4 of this year. Then, in 2025, we may see a new ATH above $90k. However, personally I still expect the ATH can be above $100k.
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I am also confident Bitcoin can reach a new ATH. Even it can't reach $100k, it should be above $90k at least. It is very strange if the ATH in this season is only $73k, it is only a $4k difference from the previous ATH.
Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
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I am also confident Bitcoin can reach a new ATH. Even it can't reach $100k, it should be above $90k at least. It is very strange if the ATH in this season is only $73k, it is only a $4k difference from the previous ATH.
Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
trying to be patient hoping to see us over 100k in 2024 but you never know.
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Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
Need to give more space and time to see bitcoin break to higher price above $100k after success hit the latest higher price above $73k.
ETFs approval helped more for bitcoin success make new all time high price and I think current ETFs Ethereum approval will bring positive impact for cryptocurrency market and make bitcoin has opportunity break to higher price. Needed more patience for seeing bitcoin make new ATH price around one or two months later, but keep believing with this moment come early than our expectation.
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trying to be patient hoping to see us over 100k in 2024 but you never know.
That's a positive and yet realistic scenario. $100k is a very strong psychological barrier though, so there will be strong resistance, meaning we could stop at higher $90s levels, but who knows...
As of now, BTC is having a hard time breaking past the $70k mark, which is also understandable, given this is around the previous ATH.
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trying to be patient hoping to see us over 100k in 2024 but you never know.
That's a positive and yet realistic scenario. $100k is a very strong psychological barrier though, so there will be strong resistance, meaning we could stop at higher $90s levels, but who knows...
As of now, BTC is having a hard time breaking past the $70k mark, which is also understandable, given this is around the previous ATH.
I think every round number is a psychological barrier, but $100k could be different though, it will be the first time that we are going to see it and so everyone will be prepared to really push and reach it.
We did break $70k but not enough momentum there. But let's see we are again about to break that round numbers so maybe this time we will see it and slice and thhen maintain that range and obviously we wanted $75k next.
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Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
Need to give more space and time to see bitcoin break to higher price above $100k after success hit the latest higher price above $73k.
ETFs approval helped more for bitcoin success make new all time high price and I think current ETFs Ethereum approval will bring positive impact for cryptocurrency market and make bitcoin has opportunity break to higher price. Needed more patience for seeing bitcoin make new ATH price around one or two months later, but keep believing with this moment come early than our expectation.
I also believe that Ethereum's ETF approval in the recent market has been able to further boost market confidence. The market is moving between 69k at the moment but it can reach the high anytime which is not very difficult. If we see a new ATH again, the market will be able to quickly reverse its position. So far the market has reached the highest of 73K so 75K is also more likely. Many predictors think the market will continue for a long time between $70 and $80. According to them, the market will reach the highest bull run by the end of this year or may happen the beggining of the next year.
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Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
Need to give more space and time to see bitcoin break to higher price above $100k after success hit the latest higher price above $73k.
ETFs approval helped more for bitcoin success make new all time high price and I think current ETFs Ethereum approval will bring positive impact for cryptocurrency market and make bitcoin has opportunity break to higher price. Needed more patience for seeing bitcoin make new ATH price around one or two months later.
I don't see how the approval of Etherum ETF will have any positive effect on bitcoin price, when bitcoin does not depend on Etherum price movement. It is even Etherum that is still depending bitcoin price and is not independent inspite the ETF approval. Bitcoin price touched 73k as the current ATH since history and that was because of the launch of bitcoin ETF and there was no news on Etherum ETF approval. I just believe that the price of bitcoin will play out the same style it use to in past circles, but we are just too anxious to see that our speculations come true. It will surely come true but let's act as if we are not expecting anything. Will that be possible LOL.
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trying to be patient hoping to see us over 100k in 2024 but you never know.
add me to the wishers mate , longing for this price in many years now as this will be my selling position(as long as i don't need emergency funds"
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Thank you for all your input thouhg it looks like we are far from that to happen(at least not in 2nd and 3rd quarter.
Lets hope and pray seeing 100k this year or early next .
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trying to be patient hoping to see us over 100k in 2024 but you never know.
add me to the wishers mate , longing for this price in many years now as this will be my selling position(as long as i don't need emergency funds"
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Thank you for all your input thouhg it looks like we are far from that to happen(at least not in 2nd and 3rd quarter.
Lets hope and pray seeing 100k this year or early next .
You don't believe that bitcoin price will reach $100k..try to relax and learn how to be a long term hodler who only believes on building his bitcoin portfolio and not anxious of the price of bitcoin to reach a very high price, because the current price is still good for accumulating more bitcoin. I believe that the new ATH to be recorded when bitcoin price reaches its peak will be above 100k,but no one knows when. I also have plans of selling a little fraction of my bitcoin investment at 100k, so I am patiently waiting.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
Ah, we are stuck in a zone ranging between 68k to 71k and the market is hanging within this range from quite a decent period, I'm expect another small break of support level in the coming few days, Reasons currently there some rumors and news but they don't possess any worth to be mentioned here you can say from point of view that it's my gut feeling haha, Yup you need to restrict your mention but some times what your instinct says you need to check on it as well.
Anyway, Bitcoin will surely go for another ATH anytime soon let wait for the perfect timing but you always need to be prepared with the DCA.
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You don't believe that bitcoin price will reach $100k..try to relax and learn how to be a long term hodler who only believes on building his bitcoin portfolio and not anxious of the price of bitcoin to reach a very high price, because the current price is still good for accumulating more bitcoin. I believe that the new ATH to be recorded when bitcoin price reaches its peak will be above 100k,but no one knows when. I also have plans of selling a little fraction of my bitcoin investment at 100k, so I am patiently waiting.
It is no problem if there are people who don't believe Bitcoin to reach $100k. Everyone has their own consideration related to the prediction of Bitcoin ATH in this season. I have few friends that never believe in Bitcoin to reach $100k, they claimed the current cycle looks not having very massive increase on Bitcoin price.
If we trust it, just keep holding until Bitcoin to reach $100k. Sure, it is possible, I also still believe the Bitcoin may reach $100k in 2024-2025. But we must have a second plan if the Bitcoin really doesn't reach $100k. We need to always update our information and monitor the price change.
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Ah, we are stuck in a zone ranging between 68k to 71k and the market is hanging within this range from quite a decent period, I'm expect another small break of support level in the coming few days, Reasons currently there some rumors and news but they don't possess any worth to be mentioned here you can say from point of view that it's my gut feeling haha, Yup you need to restrict your mention but some times what your instinct says you need to check on it as well.
The price is a bit sideway, it only moves around $67k - $69k in the last few days. I think it is normal, we don't need to be so worried. Even in the previous cycles, we also experienced this. After the halving, Bitcoin price will tend to be in a sideway phase or may drop a bit. It is because the market needs a balance, there should be a correction after the jump of Bitcoin price in the halving or even before the halving. Bitcoin price reached a new ATH before the halving in this year. I'm not surprised if we are in the sideway now.
Anyway, Bitcoin will surely go for another ATH anytime soon let wait for the perfect timing but you always need to be prepared with the DCA.
A new ATH is surely possible, we are waiting for the new ATH. But we don't know it will be in the near future or may take a long time. Some people assume it will be in the end of this year, but it should be in the next year if we consider the peak of Bitcoin price in the previous bullrun seasons.
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Ah, we are stuck in a zone ranging between 68k to 71k and the market is hanging within this range from quite a decent period, I'm expect another small break of support level in the coming few days, Reasons currently there some rumors and news but they don't possess any worth to be mentioned here you can say from point of view that it's my gut feeling haha, Yup you need to restrict your mention but some times what your instinct says you need to check on it as well.
The price is a bit sideway, it only moves around $67k - $69k in the last few days. I think it is normal, we don't need to be so worried. Even in the previous cycles, we also experienced this. After the halving, Bitcoin price will tend to be in a sideway phase or may drop a bit. It is because the market needs a balance, there should be a correction after the jump of Bitcoin price in the halving or even before the halving. Bitcoin price reached a new ATH before the halving in this year. I'm not surprised if we are in the sideway now.
I am not worried of the sideways movement of bitcoin price, because it will still pump above 73k soonest. The price reaches 70k and back to 69k+. After the halving that has been the highest price that we have seen which is 70k+, it does not mean that after the halving bitcoin price will shoot up immediately, but there will be a correction for some few months and sideways movement before the pumping, and that is what we are experiencing now. Keep hodli and buy more if you can.
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I have to say it is going to be quite a good season, we just need to make sure that we can stay strong during the summer, that's the biggest issue. Things are looking alright, I mean we had a period where we broke ATH and reached 73k, we had a period when it went under 60k, so we lived both edges of the market so far. I feel like the best thing we could do right now would be just considering how to do better on the long run. I believe that we are going to end up with a better result on the long run, its not going to be all that simple but I feel like its not going to be impossible to handle in the end neither.
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Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
Agree. A fast ATH ($73k) was caused by the approval of Bitcoin ETF. People were very enthusiastic to buy Bitcoin, so there was a huge demand on the market. Moreover, many people predicted that Bitcoin will be above $100k very soon at that time. It leads to the hype of Bitcoin temporarily after the approval of Bitcoin ETF. However, the market works like usual, there should be dump after pump. Now, Bitcoin price looks in the sideways and we already experienced some dump after the significant increase of Bitcoin ETF approval.
Well, I also still believe that $100k is possible to be reached. I just hope it will be achieved soon at the end of this year or at the beginning of the next year. If it can reach $100k at the end of this year, it is very possible to see the next ATH above $100k. It may be possible to reach $150k as some people predicted.
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now that Bitcoin crossed the highest now
All-time high
Mar 11, 2024 (30 minutes ago)
$72,242.51
so seeing this mate, are we going to see 75k ATH any time soon? because the market growing crazy and for all time making this high
is something the whole community must celebrate,and I think there will be no correction coming now.
Since the last post, the value of BTC has weakened and now it can be said that it is at 71,195.90$. The possibility of reaching 75k$ is getting closer, if there is no bad news or hacking accidents on one exchange, it is possible that 75k$ will run smoothly in the middle of June, keep going and move to the moon btc
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On one hand it looks like we're ripe for a start of a bull run, on the other - summertime historically isn't the best time for stock market or cryptocurrencies.
But even if the "proper" bull-run doesn't happen until later in the year, we might see BTC breaking the $75k mark as we're not very far away from that.
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We would always celebrate numerous ATH because in every circling we do have new price so people must keep celebration, however I don't think is something new except for those that feels so special about the market hit new ATH.
Bull run is something that is very close but it's not likely t happen soon because if you look from the past history bitcoin has never go against it although anything is possible to happened just as we experienced new ATH before halving and this was as a cause of ETF approval.
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On one hand it looks like we're ripe for a start of a bull run, on the other - summertime historically isn't the best time for stock market or cryptocurrencies.
But even if the "proper" bull-run doesn't happen until later in the year, we might see BTC breaking the $75k mark as we're not very far away from that.
actually mate we already have Bullrun since last year this is the reason why bitcoin reached that 72k ,
though there are certain about 75k and above in the coming months but for us not to
feel that bad? better to keep waiting till next year instead ..
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actually mate we already have Bullrun since last year this is the reason why bitcoin reached that 72k ,
though there are certain about 75k and above in the coming months but for us not to
feel that bad? better to keep waiting till next year instead ..
It wasn't long enough and the price didn't go high enough to be called a bull run. We could argue about definitions, but we all know that spike was due to the spot ETFs approval and not the "normal" 4-year cycle pump.
We didn't even break the previous ATH if we factor in inflation rates.
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actually mate we already have Bullrun since last year this is the reason why bitcoin reached that 72k ,
though there are certain about 75k and above in the coming months but for us not to
feel that bad? better to keep waiting till next year instead ..
"Bullrun since last year"?
TBH, I don't know if the bullrun started since the last year. As far as I know, the bullrun just started in the early of this year.
Sure, the rally may have started since Q4 of 2023, but I don't assume it is the beginning of bullrun season. IMO, 2024 is the first year of bullrun season.
Anyway, the reason that Bitcoin can raise to $72k because people are optimistic about the future of Bitcoin investment. After Bitcoin ETF is approved, there is a significant increase in the demand of Bitcoin. It is a good sing for the price movement in this bullrun season, I think this should be greater than the previous season.
There is no certainty about $75k but I'm also quite optimistic because the bullrun season continues. The peak should be in the next year if we analyzed the scheme of Bitcoin price movement in the previous cycles.
DYOR/DWYOR
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It seems like it's already very difficult to break through the sell order wall to $75k. Even now the price of Bitcoin has fallen again, Bitcoin no longer has the power to increase its price, it is possible that the bear market will return and make market conditions this month bloody because many altcoins will be affected by the collapse of the Bitcoin price.
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actually mate we already have Bullrun since last year this is the reason why bitcoin reached that 72k ,
though there are certain about 75k and above in the coming months but for us not to
feel that bad? better to keep waiting till next year instead ..
"Bullrun since last year"?
TBH, I don't know if the bullrun started since the last year. As far as I know, the bullrun just started in the early of this year.
Sure, the rally may have started since Q4 of 2023, but I don't assume it is the beginning of bullrun season. IMO, 2024 is the first year of bullrun season.
yeah thanks for this clarification mate though we have our own definition of bull and I believe December last year was the beginning so I respect your stand guys truly.
Anyway, the reason that Bitcoin can raise to $72k because people are optimistic about the future of Bitcoin investment. After Bitcoin ETF is approved, there is a significant increase in the demand of Bitcoin. It is a good sing for the price movement in this bullrun season, I think this should be greater than the previous season.
but yeah we failed that expectation because there have been delayed in the significant increase in the AFTER ETF because we have the effect before the halving that crossed the ATH but fails these months .
There is no certainty about $75k but I'm also quite optimistic because the bullrun season continues. The peak should be in the next year if we analyzed the scheme of Bitcoin price movement in the previous cycles.
DYOR/DWYOR
yeah , we have been failing to see that 75k , though its waiting time but we are positive for that one to come in the sooner days .
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It seems like it's already very difficult to break through the sell order wall to $75k. Even now the price of Bitcoin has fallen again, Bitcoin no longer has the power to increase its price, it is possible that the bear market will return and make market conditions this month bloody because many altcoins will be affected by the collapse of the Bitcoin price.
Looks like we might be experiencing a minor pull-back, which was somewhat expected and is in line with previous cycles. We can't be reasonably expecting the price to only be going up every day or every week.
I would be surprised if we don't break the $75k mark within next month or so, even accounting for the summertime usually being unfriendly to stock markets or crypto.
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75k is not possible this year I don't know why people think is very easy to achieve that height without following the previous historical data. As I understand correctly bitcoin always go into full bull run by the next year around Q3 to Q4 of 2025 that is when you would see bitcoin creating several price level. What to do is if you are holding you could utilized this moment to do DCA since the price is declining.
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75k is not possible this year I don't know why people think is very easy to achieve that height without following the previous historical data. As I understand correctly bitcoin always go into full bull run by the next year around Q3 to Q4 of 2025 that is when you would see bitcoin creating several price level. What to do is if you are holding you could utilized this moment to do DCA since the price is declining.
We will see how the market develops in Q4 this year. Because after all, Bitcoin prices will be quite difficult to skyrocket before October. As we know, BTC returns for MT Gox investors will end in October, so during that time there will definitely still be a lot of FUD and market worries. Not to mention Germany, which has sold more than half of its Bitcoin. This makes it increasingly difficult to breathe these days.
Meanwhile in Q4, if it does work, it might at least be the start of an upswing, I don't really expect it to actually surpass the ATH, but at least it going back to $70 is pretty good. However, let's just look at the development, because even now, the market is still quite tough to go up, and that's natural. Currently, BTC is still at $60,115, and this is already a pretty good increase after recently Bitcoin dropped drastically.
Check more history of BTC https://www.coingecko.com/en/coins/bitcoin
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75k has been solid road block so far.
I think this week coming up 🆙 may show a strong uptick
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75k has been solid road block so far.
I think this week coming up 🆙 may show a strong uptick
I think so, Donald Trump incident at election campaign become one factor for bitcoin raise up to higher price after currently success break out above $64k and left 10% more for bitcoin hit until $75k. During keep bad news and not any rumor or fake issues with Mt.Gox refund its not difficult for bitcoin return back to higher price or potential break out the new all time high price due several time get difficult bounce back to higher price.
I am sure one week later bitcoin will raise up higher price after all bad news over and its moment for us waiting for good news to see bitcoin raise up higher price.
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We are very close to 65k as I type if we get over 75k this week I would not be surprised.
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We are very close to 65k as I type if we get over 75k this week I would not be surprised.
Yay, $64,600, and so we are in the continue rally, just last week we are down and everyone is talking about the potential to hit $30,000 and now we are looking for a new bull run at the end of this month. So talking about the reversal though, no other market as volatile has shown his biggest shift in the price. And with that, I do agree, if we go over the $65,000 barrier, it's going to be easy to go to $68,000 and then the next round number of $70,000. Although I'm seeing that there could be resistance along the way, nevertheless, we are very much in the bullish state already and it's hard to stop this kind of momentum.
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We are very close to 65k as I type if we get over 75k this week I would not be surprised.
Is indeed surprising to see how fast Bitcoin price has moved this few days, however is actually a good thing because this is just a little insight on how far Bitcoin price will possibly go within some period of time, however I was quite right advising people not to keep waiting to buy when the Bitcoin price drops below $50k.
Because I believe that by now many people would be regretting for not buying when the Bitcoin price was still little, so this is one of the reasons why people should not allow speculation to be a determinant of there investment, however in the case of Bitcoin reaching $75k I believe it will not take long for the price reach there, maybe before ending of August we should be talking about $75k.
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75k is not possible this year I don't know why people think is very easy to achieve that height without following the previous historical data. As I understand correctly bitcoin always go into full bull run by the next year around Q3 to Q4 of 2025 that is when you would see bitcoin creating several price level. What to do is if you are holding you could utilized this moment to do DCA since the price is declining.
We will see how the market develops in Q4 this year. Because after all, Bitcoin prices will be quite difficult to skyrocket before October. As we know, BTC returns for MT Gox investors will end in October, so during that time there will definitely still be a lot of FUD and market worries. Not to mention Germany, which has sold more than half of its Bitcoin. This makes it increasingly difficult to breathe these days.
Meanwhile in Q4, if it does work, it might at least be the start of an upswing, I don't really expect it to actually surpass the ATH, but at least it going back to $70 is pretty good. However, let's just look at the development, because even now, the market is still quite tough to go up, and that's natural. Currently, BTC is still at $60,115, and this is already a pretty good increase after recently Bitcoin dropped drastically.
Check more history of BTC https://www.coingecko.com/en/coins/bitcoin
Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
Historically, July wasn't a bad month, but the same cannot be said about August and September. I don't think we'll witness the price breaking the ATH in the summer months, but it would be great if the price stabilised in the upper $60k regions before October/November, that would be a nice position to start the proper bull run, hopefully breaking the mythical $100k barrier.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
Historically, July wasn't a bad month, but the same cannot be said about August and September. I don't think we'll witness the price breaking the ATH in the summer months, but it would be great if the price stabilised in the upper $60k regions before October/November, that would be a nice position to start the proper bull run, hopefully breaking the mythical $100k barrier.
::)
I believe we all be there to see the price coming but the thing is how prepared are those people who are wishing for the price to break out $100,000. But what could be their thought again, 150k after having seeing the all longing 100k price people would start speculating for 150k and of course people are always expectant to see new price breaking out from the market.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
The market has been moving between 64k plus for about 48 hours with an indecisive candle to either breakout 65k or not, but if you watch carefully you would see a resistance in trying to hold the market at a particular position due to high selling pressure from traders, I don't know if the Mt.Gox attributed to this but I can't tell though some topic I red clearly shows its.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
The market has been moving between 64k plus for about 48 hours with an indecisive candle to either breakout 65k or not, but if you watch carefully you would see a resistance in trying to hold the market at a particular position due to high selling pressure from traders, I don't know if the Mt.Gox attributed to this but I can't tell though some topic I red clearly shows its.
Before the price touched the $65k area, we can see that there's a sign of weakness, the demand is decreasing gradually. If you use an RSI you can see a divergence which tells us the buyers are losing interest in buying at that price or maybe the sellers are much stronger in that area. Possible the price would do a internal retracement to send the price higher or it will go deeper to catch another liquidity.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
The market has been moving between 64k plus for about 48 hours with an indecisive candle to either breakout 65k or not, but if you watch carefully you would see a resistance in trying to hold the market at a particular position due to high selling pressure from traders, I don't know if the Mt.Gox attributed to this but I can't tell though some topic I red clearly shows its.
Before the price touched the $65k area, we can see that there's a sign of weakness, the demand is decreasing gradually. If you use an RSI you can see a divergence which tells us the buyers are losing interest in buying at that price or maybe the sellers are much stronger in that area. Possible the price would do a internal retracement to send the price higher it will go deeper to catch another liquidity.
well let us watch the market carefully to see if there could be much buying pressure to pull the price from 64,900 to to 66k although if the market enters 66k then there is every chances that we could see it at 66k then going back to its previous ATH could be sure thing to achieved.
But however, we may not cross that price or achieve another ath this year rather could be by 2025.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
The market has been moving between 64k plus for about 48 hours with an indecisive candle to either breakout 65k or not, but if you watch carefully you would see a resistance in trying to hold the market at a particular position due to high selling pressure from traders, I don't know if the Mt.Gox attributed to this but I can't tell though some topic I red clearly shows its.
Before the price touched the $65k area, we can see that there's a sign of weakness, the demand is decreasing gradually. If you use an RSI you can see a divergence which tells us the buyers are losing interest in buying at that price or maybe the sellers are much stronger in that area. Possible the price would do a internal retracement to send the price higher it will go deeper to catch another liquidity.
well let us watch the market carefully to see if there could be much buying pressure to pull the price from 64,900 to to 66k although if the market enters 66k then there is every chances that we could see it at 66k then going back to its previous ATH could be sure thing to achieved.
But however, we may not cross that price or achieve another ath this year rather could be by 2025.
The more we move to the lower time frame, we understand what the market is telling to us. There's no buying pressure at the moment, and we see already that the sellers are in control. But since it's lower time frame it might be opposite to the higher time frame. Regarding to your statement, if the price surpass the current swing high $65k with a body close we can say that the price would go up higher, but if it's wick meaning the sellers is much stronger.
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Today is a good day so far, we're currently almost 3% from the opening price.
Today's high was almost $66k. If there are no significant bad news/FUD this month, I think going back to above $70k is very probable.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to even predict and continue with belief in the the flow of the market.
Let's agree that this is just mere speculations so let's just leave it at predicting what the price of Bitcoin will be in the coming days, this is because for some reason we have known a time without numbers of how hard and impossible it is to predict the price of bitcoin in an accurate manner, which is why we should not rely too much on our predictions to the extent of investing with the mindset of a speculator because, in the end, bitcoin can do the opposite at any time.
Last but not least, bitcoin at this present time is still recovering from the recent dip movement, and for sure, it is important to speculate in a divide and row position, what this means is that, any speculated price should be based on taking other side into considerations, because it possible for bitcoin to go in whichever direction at this point $70k is possible, but also 50k or below is not impossible also.
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Today is a good day so far, we're currently almost 3% from the opening price.
Today's high was almost $66k. If there are no significant bad news/FUD this month, I think going back to above $70k is very probable.
Recent bitcoin price success break out more than 3% from lower price around $63,300 and reach up to higher price $66,800 and I don't think difficult for bitcoin return to the higher price above $70k. After FUD almost over by Mt.Gox distributed or refund their bitcoin user and the Germany bitcoin assets over sold out seems easily for bitcoin break out new higher price after two bad news or FUD over.
I believe its not the highest price of bitcoin and has potential break out the higher price for this month after facing many FUD around last week and make bitcoin drop drastically.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
Already we can see that Bitcoin price has surpassed $67k currently so there is every possibility that it may even likely to surpass $75k very soon because with the way the market is currently moving it has shown us that we should expect a serious move from now till the end of this year, though with the way the market was moving weeks ago I was thinking there will no be hope of Bitcoin making any positive move but seeing the way the market has shown now there is a good hope.
However people that invested when the price was $55k will be very happy now seeing how the price has gone now because there would be a serious profits on there investment now depending the amount they invested but however they made a good decision investing when they did because they would have been regretting by now.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
You really think that USA election could give bitcoin an unprecedented lift?
well this could be if only when Donald Trump win the US election and not even that, till he made a pronouncement on his vision towards bitcoin and maybe used as legal tender where everyone and country could start using it the way we uses cash.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
You really think that USA election could give bitcoin an unprecedented lift?
well this could be if only when Donald Trump win the US election and not even that, till he made a pronouncement on his vision towards bitcoin and maybe used as legal tender where everyone and country could start using it the way we uses cash.
WELL Biden is not running and he endorsed Harris.
This will effect price soon I think upwards. Maybe 70K BY Monday nite. Also if Harris picks Liz Chaney or MIT Romney it could be a way to get two party support.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
You really think that USA election could give bitcoin an unprecedented lift?
well this could be if only when Donald Trump win the US election and not even that, till he made a pronouncement on his vision towards bitcoin and maybe used as legal tender where everyone and country could start using it the way we uses cash.
WELL Biden is not running and he endorsed Harris.
This will effect price soon I think upwards. Maybe 70K BY Monday nite. Also if Harris picks Liz Chaney or MIT Romney it could be a way to get two party support.
Okay, let’s see what happens by Monday night after Biden as announced that he has stepped down out of the presidential race. I really want to see how that will affect the price of bitcoin as he has been an enthusiast of bitcoin and want to see it thrive in his administration.
I can see some price movement in bitcoin since the news was released, let’s see if there’s going to be a force push of price upward by Monday night as you’ve said.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
You really think that USA election could give bitcoin an unprecedented lift?
well this could be if only when Donald Trump win the US election and not even that, till he made a pronouncement on his vision towards bitcoin and maybe used as legal tender where everyone and country could start using it the way we uses cash.
WELL Biden is not running and he endorsed Harris.
This will effect price soon I think upwards. Maybe 70K BY Monday nite. Also if Harris picks Liz Chaney or MIT Romney it could be a way to get two party support.
Okay, let’s see what happens by Monday night after Biden as announced that he has stepped down out of the presidential race. I really want to see how that will affect the price of bitcoin as he has been an enthusiast of bitcoin and want to see it thrive in his administration.
I can see some price movement in bitcoin since the news was released, let’s see if there’s going to be a force push of price upward by Monday night as you’ve said.
I am very interested to see if this becomes a break out week. Maybe we really take off.
I would love to see this thread get locked because we are in the 85-95k area and no one cares that 75k is passed.
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To be honest, considering we are gradually and very slowly reaching back to these levels, I feel like the bull run is getting closer. We were under 60k first, then reached to 63k or so levels, and now broken over 67k, soon I am sure we can break over 75k as well, we just need time for it. I believe that it will be very difficult, like in time, it will not be tomorrow, but when it happens we will all think about how easy it was, and that's the important part. If we think that it can go up easily when it wants to, then when it goes up doesn't even matter. What we just need to do is hold however long we need to, and in return we are going to make a profit one day.
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To be honest, considering we are gradually and very slowly reaching back to these levels, I feel like the bull run is getting closer. (...)
It sure starting to feel like it, but we're approaching the end of July and, historically speaking, August and especially September don't tend to be the best months for growth. Having a bull run through September would be quite unprecedented. Out of the last 11 years, 8 times July ended in red and only 3 times in green. The best September in history was only +6% growth, that was back in 2016.
I think we can move past the $70k again soon, but for the real action, we'd have to wait till October/November.
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WELL kraken paid out some of the btc from mt gox. price dropped just a bit.
maybe we fade to 61-63k as mt gox pays off.
maybe it will take a few months and then we spike.
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Currently bitcoin has risen to 64k plus at touching 65k this afternoon thereabout, this gives me a kind of unbelief that the market could be that stagnant without hitting further new, I know the market is very hard to predicts because what you think could hit the market so hard is not even what is weighing down the market anymore.
With the recent move in price of bitcoin for some days now, it is very clear that the market is on an uptrend for now. This trend will only stop if we notice a stagnant price for about 72 hours without any further move on it again. It is very likely that bitcoin is going to continue in that manner but on the contrary that the market is unpredictable, one cannot be so sure for how long the trend will continue to be. So it is better not to eve predict and continue with belief on the the flow of the market.
A stagnant price of 72 hours is not stopping a bull run. In fact if we drop under 60k in the next week it will only mean we go up harder and we could buy more coin for the fall rise.
Frankly buy stack hodl as best you can and do not think in 72hour time slots.
I am stacking till nov election is over in USA at this point maybe I will sell some.
You really think that USA election could give bitcoin an unprecedented lift?
well this could be if only when Donald Trump win the US election and not even that, till he made a pronouncement on his vision towards bitcoin and maybe used as legal tender where everyone and country could start using it the way we uses cash.
WELL Biden is not running and he endorsed Harris.
This will effect price soon I think upwards. Maybe 70K BY Monday nite. Also if Harris picks Liz Chaney or MIT Romney it could be a way to get two party support.
Okay, let’s see what happens by Monday night after Biden as announced that he has stepped down out of the presidential race. I really want to see how that will affect the price of bitcoin as he has been an enthusiast of bitcoin and want to see it thrive in his administration.
I can see some price movement in bitcoin since the news was released, let’s see if there’s going to be a force push of price upward by Monday night as you’ve said.
The market is slightly bullish on the news of Biden withdrawing from the election but I don't think it will have much effect. There are many who expect a bullish market with Trump. But I think the result of this election will not have any big effect. Bitcoin's ETF and Halving are both sufficient for a bullish market, but there is certainly no substitute for patience. The bull market that we are anticipating at the end of this year and beginning of next year may occur at that time. and if the Trump administration takes power at that time then that bullish market can be more stronger.
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By the end of this year, most of us would have witnessed the new all time of bitcoin market price above hundred thousand dollars, because we are in the post halving market experience and the rise becomes unpredictable the more as the supply and demand on bitcoin continues to change also, going by the past record and performances of bitcoin at its post halving market performance, we could clearly depict the fact that we are fast approaching when the new all time highs will keep unfolding anytime from now.
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To be honest, considering we are gradually and very slowly reaching back to these levels, I feel like the bull run is getting closer. We were under 60k first, then reached to 63k or so levels, and now broken over 67k, soon I am sure we can break over 75k as well, we just need time for it. I believe that it will be very difficult, like in time, it will not be tomorrow, but when it happens we will all think about how easy it was, and that's the important part. If we think that it can go up easily when it wants to, then when it goes up doesn't even matter. What we just need to do is hold however long we need to, and in return we are going to make a profit one day.
Yes, it seems very difficult to breaks the new ATH. Bitcoin already has a chance to retest at $72k but it always failed. Even if Bitcoin can return to above $70k, it dropped again. However, if Bitcoin again can increase quite fast and cross again $70k in the next few days, I am a bit sure we may see the new ATH in Q3-Q4 of this year. Actually, $75k isn't very far from the current price. But you are right that the price growth of Bitcoin is quite slower. It is no longer as quick as the price improvement before the halving.
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I think the Mt Gox distribution still have a strong effect on the market. People are hesitant to get in knowing there are still tens of thousands of bitcoins potentially waiting to be dumped anytime.
Once most of those coins are fully distributed and absorbed by the market (if creditors decide to sell) then we could see the price climbing up.
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I think the Mt Gox distribution still have a strong effect on the market. People are hesitant to get in knowing there are still tens of thousands of bitcoins potentially waiting to be dumped anytime.
Once most of those coins are fully distributed and absorbed by the market (if creditors decide to sell) then we could see the price climbing up.
Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop. The current price decrease of Bitcoin in the market currently, can be caused by the sale of Bitcoin in large quantities. Each creditor gets thousands of Bitcoin, it is a crazy number of Bitcoin for sure. It makes sense if the price dropped gradually because the market needs to drop to absorb the large number of Bitcoin. As long as MT Gox can distribute the repayment to their creditors quickly, the market also can absorb it fast but the price will drop faster as well. I hope we can get through this issue sooner.
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Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop.
Yes, if that happens then surely we'll see huge dump in Bitcoin's value. I believe by MT Gox's creditors selling we may see Bitcoin dumping below $60k once again and actually that would be a good time to acquire some crypto currencies.
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Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop.
Yes, if that happens then surely we'll see huge dump in Bitcoin's value. I believe by MT Gox's creditors selling we may see Bitcoin dumping below $60k once again and actually that would be a good time to acquire some crypto currencies.
I just think that people want to believe what they want to believe but I personally feel like Mt. Gox news is already price in. There is huge liquidity right now for the market to accept any supply in the market than always panic when we hear news about Bitcoin that will be dumping in the market. This was the same thing the did some few weeks back when Mt.gox announced to make distribution about The Bitcoin and all of sudden move above when Trump news came around. They should be quick with this distribution so we can focus on the next thing.
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There is a subreddit dedicated to Mt Gox insolvency, where there was a poll for the creditors to see whether or not they intend to sell:
(https://www.talkimg.com/images/2024/07/27/4KrS1.png)
According to this, only less than 19% said they'd dump all of it at once. Almost 56% said they would not sell anything.
Of course, this poll can be unreliable for multiple reasons, so just take it for what it's worth.
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Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop.
Yes, if that happens then surely we'll see huge dump in Bitcoin's value. I believe by MT Gox's creditors selling we may see Bitcoin dumping below $60k once again and actually that would be a good time to acquire some crypto currencies.
If they sell bitcoins the price may go down further. I think it will have a chance to go down to $55k. Because all the investors there will continue to sell their bitcoins with the same idea. Currently the price of Bitcoin is increasing. Times are grim for those who have been waiting to collect Bitcoin. If this continues we may be able to see the new ATH soon.
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Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop.
Yes, if that happens then surely we'll see huge dump in Bitcoin's value. I believe by MT Gox's creditors selling we may see Bitcoin dumping below $60k once again and actually that would be a good time to acquire some crypto currencies.
If they sell bitcoins the price may go down further. I think it will have a chance to go down to $55k. Because all the investors there will continue to sell their bitcoins with the same idea. Currently the price of Bitcoin is increasing. Times are grim for those who have been waiting to collect Bitcoin. If this continues we may be able to see the new ATH soon.
But, I think, most of them will definitely choose to hold the coins, because they also understand that if the bullish era will happen soon, at least they have enough holding until next year. However, they are definitely whales, and most of them definitely also have certain tactics.
Market manipulation could happen, who knows, they might end up intentionally selling the BTC so that the price really falls again, and in the end, they can buy it back at the current price. Then, store it with a much larger amount of BTC in preparation for the bullrun. Isn't this also one of the strategies of the whales?
So what is certain is that whatever happens later, whether they will hold or sell, we should not be provoked, because all of that is definitely their tactic before the market really goes bullish. And this has become part of the whales' strategy, even though they are not MT Gox holders.
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Indeed. If MT Gox creditors begin to sell their Bitcoin to the market, the price will gradually drop.
Yes, if that happens then surely we'll see huge dump in Bitcoin's value. I believe by MT Gox's creditors selling we may see Bitcoin dumping below $60k once again and actually that would be a good time to acquire some crypto currencies.
I just think that people want to believe what they want to believe but I personally feel like Mt. Gox news is already price in. There is huge liquidity right now for the market to accept any supply in the market than always panic when we hear news about Bitcoin that will be dumping in the market. This was the same thing the did some few weeks back when Mt.gox announced to make distribution about The Bitcoin and all of sudden move above when Trump news came around. They should be quick with this distribution so we can focus on the next thing.
It is what it is, people will speculate however they want. I don't know if it's priced in but I agree that there is enough liquidity to absorb the amount of Mt. Gox BTC should they decide to dump in it in the open market. Larger sellers can also opt for OTC transactions.
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Near future with bitcoin price bounce to $75k after raising significant today until $69k, its most significant moving up of bitcoin price since dropping drastically after bad issues publishing in the same time by Germany government selling their bitcoin assets and Mt Gox sent their fund to creditor wallet.
I think the Germany bitcoin assets have been sold out make easily for bitcoin break higher price again and waiting right moment near future break to $75k and its not difficult any more after all bigger bad news have been over with their bitcoin assets sold out and have been refund.
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If they sell bitcoins the price may go down further. I think it will have a chance to go down to $55k. Because all the investors there will continue to sell their bitcoins with the same idea.
Yes, the Mt. Gox creditors will most likely sell their Bitcoin and that can make Bitcoin's value to drop drastically. I also believe that $55k is possible but if that doesn't happen then we might see a new ATH in upcoming days. Let's hope for a better future and maybe a new ATH in next two months.
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(https://www.talkimg.com/images/2024/08/01/5Zlra.png)
So far, no major surprises. August, historically, may have a downward trend, but the declines are not particularly painful considering the median data (-6.04%). Interestingly, the average is positive: +2.41%, but that's mainly due to an exceptional August in 2017 when we had a growth of over 65%. In any case, we'll probably have to wait until October/November for a bull run.
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Yes, the Mt. Gox creditors will most likely sell their Bitcoin and that can make Bitcoin's value to drop drastically. I also believe that $55k is possible but if that doesn't happen then we might see a new ATH in upcoming days. Let's hope for a better future and maybe a new ATH in next two months.
Just look at the current price of Bitcoin, the lowest price today is about $62k. It is possible to drop again because we have some bad news. I can agree if MT Gox creditors is likely selling their Bitcoin. We know they have big number of Bitcoin, it is reasonable if Bitcoin price freefalls. If they keep selling, the price may drop to $60k again or even to $58k. But honestly I don't expect the price to drop to $55k again or below $55k. If it happens, we are getting further away from a new ATH. :'(
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Just look at the current price of Bitcoin, the lowest price today is about $62k. It is possible to drop again because we have some bad news. I can agree if MT Gox creditors is likely selling their Bitcoin. We know they have big number of Bitcoin, it is reasonable if Bitcoin price freefalls. If they keep selling, the price may drop to $60k again or even to $58k. But honestly I don't expect the price to drop to $55k again or below $55k. If it happens, we are getting further away from a new ATH. :'(
I guess it will be around $60k in the next few days. But we don't know if it is caused by MT Gox creditors, I read on a certain media that they think it is caused by the bad issue of Israel vs Iran war. The investors may try to secure their assets, so there is low demand in the market and higher selling actions. They prefer to secure assets in stable coins. Anyway, I agree that it seems to stay above $55k. Even the German government sold their Bitcoins, the price didn't drop below $55k.
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I guess it will be around $60k in the next few days. But we don't know if it is caused by MT Gox creditors, I read on a certain media that they think it is caused by the bad issue of Israel vs Iran war. The investors may try to secure their assets, so there is low demand in the market and higher selling actions. They prefer to secure assets in stable coins. Anyway, I agree that it seems to stay above $55k. Even the German government sold their Bitcoins, the price didn't drop below $55k.
I don't sure bitcoin will drop above $55k after have bad news about Israel and Iran even though Mt Gox refunded assets for their creditor have been success last several days ago.
I can't believe after Germany government sold their bitcoin still have another bad news and make people panic until bitcoin dropping lower price yesterday dropped to $62k.
Looking how bitcoin easily get correction and difficult break higher price, seems too far expected with bitcoin will break above $72k or make new ATH price in this month, need waiting until the end of this year how possibility with bitcoin reach new ATH or can break out above $72k.
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I don't sure bitcoin will drop above $55k after have bad news about Israel and Iran even though Mt Gox refunded assets for their creditor have been success last several days ago.
I can't believe after Germany government sold their bitcoin still have another bad news and make people panic until bitcoin dropping lower price yesterday dropped to $62k.
It's hard to say if and what will be the impact of potential escalation between Iran and israel. It would probably cause traditional markets to drop, but the money will have to flow somewhere else, and maybe BTC price could actually benefit from the scare, similar to gold having a tendency to grow during uncertain times.
There's also another thing that could negatively affect BTC's price, new EU crypto regulations (MiCA) will take effect later in the year, but that's not a secret and have been known for a while, so it's probably already priced in.
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But honestly I don't expect the price to drop to $55k again or below $55k. If it happens, we are getting further away from a new ATH. :'(
I also don't expect to see Bitcoin going below $55k but anything can happen in crypto market. If the selling pressure increases then surely Bitcoin may go to $55k levels or below those levels.
The institutional investors also let that happen because they want all those weak hands to sell their Bitcoin for cheap rates due to that Mt. Gox crediting news.
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But honestly I don't expect the price to drop to $55k again or below $55k. If it happens, we are getting further away from a new ATH. :'(
I also don't expect to see Bitcoin going below $55k but anything can happen in crypto market. If the selling pressure increases then surely Bitcoin may go to $55k levels or below those levels.
The institutional investors also let that happen because they want all those weak hands to sell their Bitcoin for cheap rates due to that Mt. Gox crediting news.
Well cryptocurrency market is unpredictable and anything is possible to likely happened especially now that news are flying all over about the US candidate speaking much on bitcoin couple with My.Gox and of course news always in control price as well so, if there are positive news it controls the price to give it a New creation of unbelievable price.
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Just recently the price was 73k, but Bitcoin has been very volatile this summer and now we are almost at 60k! If someone traded from the very beginning in this corridor, selling at 70k and selling at 60k, then he could have done this trick three times already, increasing his deposit well. I think the chances of falling below 60 are high now.
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We've just dipped below $60k per coinmarket cap. Let's see if there's any strong resistance to move it back above the 60 or will we see a further downtrend maybe to the $55k as some are predicting.
Anyhow, I'm still optimistic that things will look much better in October/November.
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Just recently the price was 73k, but Bitcoin has been very volatile this summer and now we are almost at 60k! If someone traded from the very beginning in this corridor, selling at 70k and selling at 60k, then he could have done this trick three times already, increasing his deposit well. I think the chances of falling below 60 are high now.
We were supposed to go below $60k the other time before the US politicians took over their campaign used Bitcoin, they did and now it's seems that some people are seeing that US government just move $2b worth of Bitcoin and there has been panic since then, could this as a result Trump killing campaign, I'm not sure but we will soon find out.
I think with this double touch of the all time high without breaking the resistance, if care is not taken and there is no any driving force again, we might see new lows but the demand keep coming, this sell off will soon fade.
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We've just dipped below $60k per coinmarket cap. Let's see if there's any strong resistance to move it back above the 60 or will we see a further downtrend maybe to the $55k as some are predicting.
Anyhow, I'm still optimistic that things will look much better in October/November.
It was not below $60k but it was below $50k. Bitcoin drop to around $49k in August 05, 2024. You must be very surprised when you see the Bitcoin price could drop below $50k, right? You predicted the lowest may be around $55k but the lowest price was $49k. Our predictions was wrong, I even never predicted the price could drop below $50k again.
Yes, we may have good increase again in November-December. If we look at the Bitcoin monthly return schedule, we always have good market condition every November-December before the year of peak of Bitcoin.
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It was not below $60k but it was below $50k. Bitcoin drop to around $49k in August 05, 2024. You must be very surprised when you see the Bitcoin price could drop below $50k, right? You predicted the lowest may be around $55k but the lowest price was $49k. Our predictions was wrong, I even never predicted the price could drop below $50k again.
i think it’s fair to say that this cycle is something that we can’t easily predict no one also predicted that bitcoin will reach a new ath even before the halving event began but it did speculations are still speculations at the end of the day
Yes, we may have good increase again in November-December. If we look at the Bitcoin monthly return schedule, we always have good market condition every November-December before the year of peak of Bitcoin.
if we don’t see an increase as early as september i have no doubt that before the year ends we are going to see the market in green some even say the price might reach a new ath before the year ends some are more hopeful and expects bitcoin to reach 100k before the year ends
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if we don’t see an increase as early as september i have no doubt that before the year ends we are going to see the market in green some even say the price might reach a new ath before the year ends some are more hopeful and expects bitcoin to reach 100k before the year ends
I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. We already experienced this many times in the past, so we can clearly guess that in the next 2 months are red market. But in November and December, we expect the price can increase high again. I assume Bitcoin can have a new ATH, it may be above $80k. To reach $100k, I'm not really sure it is possible to be achieved in this year.
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I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. (...)
I think you might be right, but, at the same time, I wouldn't be putting too much weight on the monthly return records. They are simply not very strong indicators. The price action doesn't quite follow the yearly patterns, but rather the 4-year ones related to halvings.
But price increase in October/November would be in line with both, the historical monthly returns stats and the 4 year cycle trend, so I'm optimistic for the end of the year.
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I don't sure bitcoin will drop above $55k after have bad news about Israel and Iran even though Mt Gox refunded assets for their creditor have been success last several days ago.
I can't believe after Germany government sold their bitcoin still have another bad news and make people panic until bitcoin dropping lower price yesterday dropped to $62k.
In fact, it finally could drop below $55k, it was even below $50k. We saw the price of Bitcoin around $49k in August 05. Not sure which news that lead this very big dump but I think all the bad news might trigger the drop. Well, many people panic at that time, there were people who might sell their Bitcoin for losses at that time. But I prefer to hold my Bitcoin. :D
Looking how bitcoin easily get correction and difficult break higher price, seems too far expected with bitcoin will break above $72k or make new ATH price in this month, need waiting until the end of this year how possibility with bitcoin reach new ATH or can break out above $72k.
It is normal if it is easily decreasing its price because we have too many FUDs and we are in the red months (considering the history of BTC monthly return every year). I agree we won't pass $72 in the near future. Bitcoin price will still be below $70k until October. We may have another pump in November.
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Looking how bitcoin easily get correction and difficult break higher price, seems too far expected with bitcoin will break above $72k or make new ATH price in this month, need waiting until the end of this year how possibility with bitcoin reach new ATH or can break out above $72k.
It is normal if it is easily decreasing its price because we have too many FUDs and we are in the red months (considering the history of BTC monthly return every year). I agree we won't pass $72 in the near future. Bitcoin price will still be below $70k until October. We may have another pump in November.
when fud comes out the price of btc will quickly decrease but it's true that we have to be patient if btc can reach 72k$ or even more if the time is right, sometimes fud also gives us the opportunity to add loads so we can get maximum profits
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when fud comes out the price of btc will quickly decrease but it's true that we have to be patient if btc can reach 72k$ or even more if the time is right, sometimes fud also gives us the opportunity to add loads so we can get maximum profits
Currently, the news easily influences the price of Bitcoin. When there is bad news, the price of Bitcoin to drop immediately. Unfortunately, sometimes when we have good news, the price seems hard to increase massively. It makes me quite annoying with the current price movement.
If there is still too many bad news, it is difficult to cross $70k again, there will be no chance to be $72k soon. Sure, it is the chance to buy more Bitcoin but I have spent most of my funds. I have no enough money to buy again, I can't buy more Bitcoin although the price is still cheap now.
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Currently, the news easily influences the price of Bitcoin. When there is bad news, the price of Bitcoin to drop immediately. Unfortunately, sometimes when we have good news, the price seems hard to increase massively. It makes me quite annoying with the current price movement.
I don't think the price action is as much news-driven as it was in the past.
Now, when Bitcoin spot ETFs are approved, there's no risk of Bitcoin being declared illegal, which is something that many people feared the most in the early years, and any rumours of that sort could tank the price instantly.
Price is much more dependent on the traditional markets and on interest rates rather than on just news.
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Looks like we are not going to end up being that great at what we do, its taking a bit of a time and I feel like its going to be a bit harder to handle. We need to remember that it is going to be difficult to reach to 70k again, and let alone break the all time high price with it. I am not saying that it is impossible but it is definitely not an easy task. We are looking like far away fro there, and I think e need to wait a bit more. I think in a few months we will be there, too many people hope for it to happen quickly but unfortunately it may not happen within the next couple of weeks, we need to wait.
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Looks like we are not going to end up being that great at what we do, its taking a bit of a time and I feel like its going to be a bit harder to handle. We need to remember that it is going to be difficult to reach to 70k again, and let alone break the all time high price with it. I am not saying that it is impossible but it is definitely not an easy task. We are looking like far away fro there, and I think e need to wait a bit more. I think in a few months we will be there, too many people hope for it to happen quickly but unfortunately it may not happen within the next couple of weeks, we need to wait.
Going harder for bitcoin how to break above $70k after several time get failure and bitcoin going down to $60k, I don't know how many months later needed for bitcoin recovery to higher price since five months later after halving but bitcoin get difficult break out.
However nothing impossible in cryptocurrency and possibility for bitcoin reach higher price in short term but my prediction seems taken longer time for bitcoin get recovery or break higher price. Since April last several moths ago bitcoin hit new ATH we can't get any good news for possibility make new ATH again.
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I think you might be right, but, at the same time, I wouldn't be putting too much weight on the monthly return records. They are simply not very strong indicators. The price action doesn't quite follow the yearly patterns, but rather the 4-year ones related to halvings.
But price increase in October/November would be in line with both, the historical monthly returns stats and the 4 year cycle trend, so I'm optimistic for the end of the year.
Of course the data of BTC monthly return only showed us the price history in the past. There is no guarantee to repeat in the future. But seeing the pattern always repeated several time in the past, I think it can be a consideration for our prediction. Moreover, you must know well the current market trend looks not really convincing for big pump. So, the price of Bitcoin won't move significantly in the near future. So, I am sure we may not see Bitcoin to return above $70k again in August-September of 2024. But it is just a prediction, it can be wrong. ;)
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if we don’t see an increase as early as september i have no doubt that before the year ends we are going to see the market in green some even say the price might reach a new ath before the year ends some are more hopeful and expects bitcoin to reach 100k before the year ends
I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. We already experienced this many times in the past, so we can clearly guess that in the next 2 months are red market. But in November and December, we expect the price can increase high again. I assume Bitcoin can have a new ATH, it may be above $80k. To reach $100k, I'm not really sure it is possible to be achieved in this year.
- Others say that this month of August is the worst nightmare season in Bitcoin because what others think or think that its price will continue to rise in the market is just a misconception that usually ends up in unpredictable price speculation.
So it's usually difficult to determine where or what direction it will take in the market, so if anyone doesn't want to be stressed, they should be long-term holders; this is the best thing to do.
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The move from $58k to $64k looked so easy that I was starting to think we could break the $70k by the end of the month, but we're back below $60k.
So far we're at -8.32% return for August which is slightly below the median of -7.91% per https://www.coinglass.com/today.
Back to the waiting game it is then. We might need to wait till October/November to see some action.
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Others say that this month of August is the worst nightmare season in Bitcoin because what others think or think that its price will continue to rise in the market is just a misconception that usually ends up in unpredictable price speculation.
So it's usually difficult to determine where or what direction it will take in the market, so if anyone doesn't want to be stressed, they should be long-term holders; this is the best thing to do.
It is the same as me. I also said that August is the time for red market. You can see there is no big increase in Bitcoin price in this month. Now, the price even dropped below $60k. The price of Bitcoin is struggling around $58k - $59k, it seems to have the same condition in the next month. It may be difficult to determine the price or market trend, but we can learn the price history. It is not wrong to make a prediction.