Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: philipma1957 on November 03, 2024, 01:42:07 PM
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
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Voted in first option :D
I'm optimistic about the end of the year philipma1957, BTC rose in September and October, I'm confident that it will continue to rise in the remaining two months
If Trump's victory is confirmed, I'll be even more confident. I think the range for this month will be 68k to 75k or so
Why do you think BTC will fall again?
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
Anything that can make bitcoin fall below $65000 which should be a strong support, and if bitcoin further fall and not get back to $65000 on time, I will be expecting bitcoin to fall to almost $60000 or a price slightly below $60000.
For me I think bitcoin price will not fall below $65000. But just like I have explained, if the price fall to almost $60000, the price will not fall further because there will be a very strong support there.
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In my opinion, at the end of this year, the price of BTC will increase until the new year 2025, although now the price of bitcoin is still unstable, this is only temporary because there is a lot of positive news about the impact of bitcoin, this will make the price of bitcoin increase even more. Now the US is having a presidential election, if Donald Trump is elected president, this will also have an impact on bitcoin, prepare your funds to buy long-term bitcoin.
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This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.
It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.
I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.
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I guess I'm fine even at $62K because I was expecting a pullback when it failed to reach a new ATH a few days ago anyway. There's also an upcoming event/catalyst that will push the price down but it should be fine as long as the price is close to $70K. December and January should be more exciting after this month's drop.
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This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.
It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.
I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.
US president election is almost here and investors are eagerly waiting to see how it will affect cryptocurrency market especially Bitcoin. Donald Trump crypto views and plans to replace SEC Chair Gary Gensler could boost Bitcoin price to $125000 if he wins.On other hand Kamala Harris approach is likely to continue cautious stance of Biden administration which may not harm Bitcoin but can not provide same level like Trump promises.
Election outcome will impact much on crypto regulation and taxation and mainstream integration.Industry is solidifying its position in global economy with milestones like Bitcoin new all time high and approval of spot Bitcoin and Ether exchange traded funds in US. Crypto sector is also influencing election with crypto friendly voters pushing for favorable regulatory framework.
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
I literally smiled when I saw this thread of yours and the statement that first popped up in my mind was ; " once a bitcoin HODLer, always a bitcoin HODLer ".
(https://www.talkimg.com/images/2024/11/03/bm8UP.jpeg)
Well before now I drew a couple of trend lines just trying to predict how the whole pullback of the market will finally turn out. And yes of course I knew a pull back would definitely occur as a result of the most recent strong momentum to the upside. Anyways from my point of view we will either be retesting the horizontal support line or we retest the 1 day trend line better we get a rejection to the upside.
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I am more confident to $60,500 or around $59k because there's a huge buy pressure on that area before it surge again to fill all FVG.
My other perspective is it would drop until $64k after filling out that fair value gap it will surge again back to $68k. Let's see how it react on the FVG area after the Bos around $65k.
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
If the price goes lower than $65,260 then I think we are seeing more dips or just a continuation of down trend but if not then it's just a healthy pullback and nothing to worry about unless you are filling your bags in anticipation of a possible uptrend if it breaks $73,650.
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
Good for you, I think that after the elections we'll see some pump. $62k is sure quite low and everyone who has missed buying there should start preparing for themselves having cash ready. But with this retracement, let's see first how BTC will react once Trump has been proclaimed, is he currently leading the race?
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
Well, looking at the market currently, it's likely that the price of bitcoin may drop further, but I do not think the price will drop to as low as $62.1k as you think or assume..
The current price as at the time of writing this post is $68.6k, hopefully, the price won't drop below $65k before it starts rising up again.
And let's hope that there are no bad news that could affect the crypto market negatively, and that things turn out well for Trump in the coming election, I still believe that Trump winning the US presidential election might be the catalyst that will user bitcoin and the entire crypto market into the much anticipated bull run we all have been waiting for.
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Well like the new hybrid car I got [ a hedge bet for the election]
I am hedged for the election Trump wins and we moon shot I have a sell ladder
Harris wins and we tank I have a set of downward buy steps.
75,79,82,85
62,57,48,42
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This is a difficult moment to say something smart, because it is obvious that someone very skillfully used the moment before the US elections to liquidate long positions, which, as I read, amounted to over 90% - and in the end it turned out that this was just another trap in a series.
It is obvious that now the price movement depends on the results of the election (no matter how crazy it is), because those who believe that Trump will launch the price of BTC on MARS could start buying like crazy if he wins, or start selling if he loses.
I would say that the chances are 50/50 for a new pump/dump, because that's what the pre-election polls supposedly look like.
Probably 50/50, I agree
Even though there are only two days to go until the US elections, there is still no obvious result, and until a few days ago it seemed that Trump had advantage. Yesterday and today I saw news about Kamala being ahead
Looking forward to the outcome and the direction the BTC price will take
But I'm staying positive, no sub 60k
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I can't really sure with bitcoin potential get another drop for few days later or not because the most important thing the US election result would be indicate bitcoin up or down. Tomorrow the first election US begin and possibility bitcoin pump or dump depend who will be the winner between Donald Trump or Kamala Harris but prepare much money for entering at lower price very important right now.
If you have free money seems keep watching and monitoring the market condition is better have possibility dump if the US election winning by Kamala Harris but if Trump win surely bitcoin on the way for raising up.
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Well like the new hybrid car I got [ a hedge bet for the election]
I am hedged for the election Trump wins and we moon shot I have a sell ladder
Harris wins and we tank I have a set of downward buy steps.
75,79,82,85
62,57,48,42
For you, every result is a win-win situation, which can realistically be the best way for people to position themselves for what follows. Apart from the fact that people will imagine that Trump really can or wants to do something when it comes to BTC (in case he wins), I have already written several times that in the long term it is irrelevant who will win - because the president of the US has much more important work to do than to deal with with something trivial (for them, of course) like Bitcoin.
For strategy ;)
+1
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If Trump wins the election, I don't see bitcoin price dip below 65k, but if he did not bitcoin price might go below that price. We might start November with a dip but I believe that by mid November bitcoin will bullish just like what happened last month.
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For you, every result is a win-win situation, which can realistically be the best way for people to position themselves for what follows. Apart from the fact that people will imagine that Trump really can or wants to do something when it comes to BTC (in case he wins), I have already written several times that in the long term it is irrelevant who will win - because the president of the US has much more important work to do than to deal with with something trivial (for them, of course) like Bitcoin.
And you're probably right
Looks like interest rates are more important in general than US elections, but right now we are in speculative phase, in a few hours we will know the next president of US and people will make their decision about BTC (this is good)
But I suspect about a big candle, red or green at the moment of announcement and a positive end of November
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
The market may go little more bearish from here and we also may see it going in the direction of bullish, anything can happen at any time, there is no certainty from what has been happening of recent that we must have the bear, because we have been seeing a lot of resistance of the market from going bullish and the support level for bear is partially increasing and before we know, this may virtually happened.
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
The market may go little more bearish from here and we also may see it going in the direction of bullish, anything can happen at any time, there is no certainty from what has been happening of recent that we must have the bear, because we have been seeing a lot of resistance of the market from going bullish and the support level for bear is partially increasing and before we know, this may virtually happened.
well a lot of money moved around and we did top 73k last week. last i. looked we dropped as low as 66.8k
and we are back to 68.3k. my gut tells me tues we do the drop close to 62.6 k
but no real good reason just a feeling.
BTW the difficulty is now well over 102t a 5% jump or 100,000 s21xps or 27eh about 600,000,000 million in miners nice investment.
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I don't know what the news is from the US, but the price of BTC reacts positively because we are approaching $70k - it would be really interesting if, say, KH wins and we have a 15-20% jump in price in the coming days. I wonder how all those who think Trump is better for BTC than KH would explain it ::)
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well a lot of money moved around and we did top 73k last week. last i. looked we dropped as low as 66.8k
and we are back to 68.3k. my gut tells me tues we do the drop close to 62.6 k
It seems it won't happen today; there's a change in the current price action, and the price touched again to $70k. It appears that it will attempt to retest the $73k level in the coming days.
Because there is a breakout on the current flag, we cannot guarantee that the price will fall further. However, it is more likely that the $73k level will be retested this week.
I don't know the reasons, but it looks like because of the election?
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I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.
I didn’t see this coming anytime now after we’ve touched the new all time high after a long time it got there early this year. The market has been on an uptrend for a while now and I don’t imagine that it would retrace back to that number again this year. Surely, when we are looking to cross a resistance level, it has to come and retouch a support zone again and again to gather the momentum to break pass such resistance. I won’t be surprised if it does come down to that price, but I’m sure when it does, it’ll have a big pump and we may not see it coming back to touch this price again till after the bull run and the bearish market sets in again.
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Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k
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Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k
As I mentioned yesterday, after the breakout, it showed signs that it would retest the old ATH, and a few hours ago it reached $75k, which is a new ATH. We will see if the price will continue to pump above $76k or if this is the last pump.
It looks like the Election has a good impact on the BTC price.
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Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k
As I mentioned yesterday, after the breakout, it showed signs that it would retest the old ATH, and a few hours ago it reached $75k, which is a new ATH. We will see if the price will continue to pump above $76k or if this is the last pump.
It looks like the Election has a good impact on the BTC price.
Very nice to see BTC reaching ATH again, and I hope this time we can see BTC at 80k for the first time 8)
Let's see if the FOMO will reach retail or not
I don't think BTC will fall again to less than 65k, but is all my guess, not based in anything technical hehehe
Anyone selling?
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Very nice to see BTC reaching ATH again, and I hope this time we can see BTC at 80k for the first time 8)
Let's see if the FOMO will reach retail or not
I don't think BTC will fall again to less than 65k, but is all my guess, not based in anything technical hehehe
Now is the right time for those who have been waiting to get involved, because I think there may not be a better moment in this cycle. The biggest question now is how long this positive wave will last - because if Trump doesn't do anything of what he promised when it comes to BTC (and it's possible that he won't) it can lead to disappointment in the actions of investors - even though they have 4 years ahead of them to hope for the fulfillment of the promise.
Anyone selling?
There is no doubt about it, there are always those who try to profit in the short term - otherwise the price would already approach $80k. It seems to me that at $75k there were a lot of sales offers that were fulfilled, which brought the price back.
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Now is the right time for those who have been waiting to get involved, because I think there may not be a better moment in this cycle. The biggest question now is how long this positive wave will last - because if Trump doesn't do anything of what he promised when it comes to BTC (and it's possible that he won't) it can lead to disappointment in the actions of investors - even though they have 4 years ahead of them to hope for the fulfillment of the promise.
My feeling so far is that it still feels different from last cycle
I still don't feel the FOMO that people had at the time it hit 69k
It's also not a guarantee that it will happen again, as there are now many institutional investors, and those who lost money back then may not want to invest in crypto again.
But it could be that we have a very optimistic future ahead of us, if Trump is really friendly to cryptos and has a favorable environment, without so many threats from the SEC, the value could rise a lot in the medium and long term.
What do you think?
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I think now is time for us to experience going higher the more from here, the all time high has been achieved on $75,000 and we are moving close to emerge for $80,000 before the end of the year, as for now, we should expect being more bullish with the market is performing, many thought about this happening in October, but we eventually have it this month of November with all time high.
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Trump's victory in the US election is a clear indication that Bitcoin is on the moving train to a higher price, not the one to return to a declining price again. However, those who missed joining the moving train will meet her at a high price, if they choose to join.
However, this is another right time to buy Bitcoin because if you are waiting for Bitcoin to drop back to below the price of $62k, I am sorry that you won't have it. It's better to invest now because you as an investor, will still end in profits before the end of this year. There's no way Bitcoin won't surge above $75k at the end of the year.
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My feeling so far is that it still feels different from last cycle
I still don't feel the FOMO that people had at the time it hit 69k
It's also not a guarantee that it will happen again, as there are now many institutional investors, and those who lost money back then may not want to invest in crypto again.
There is no doubt that something is different, because the ATH was realized for the first time before the halving and that obviously confused small investors - because most of them obviously did not understand how much the impact of spot ETFs on the price of BTC would be. It seems to me that retail investors are still undecided on the one hand, and on the other hand, perhaps BTC is no longer attractive to them considering the various speculations about the maximum price it can reach by the end of this year or next year.
But it could be that we have a very optimistic future ahead of us, if Trump is really friendly to cryptos and has a favorable environment, without so many threats from the SEC, the value could rise a lot in the medium and long term.
What do you think?
Trump is above all a businessman whose business empire is not in the best shape, and in addition there are even 37 indictments that stand against him - and do you know how to solve all these problems in one move? You become president and nobody can do anything to you. I think he is very interested in deriving financial benefit from any business involving cryptocurrencies, which can be good for everyone involved - although I don't think Bitcoin will have any better status in the US than it has had so far.