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Author Topic: Repeat of the history or a prank?  (Read 1971 times)

Offline Learn Bitcoin

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Re: Repeat of the history or a prank?
« Reply #45 on: March 11, 2024, 12:57:35 PM »
Actually, it doesn't have a direct impact, because it doesn't directly affect the price in the current market when trading OTC. However, however, if there is a lot of news related to very high sales or purchases via OTC or other means, then that can trigger news related to what is happening. It could be that there will be many parties who take advantage of this moment to create another FUD that someone has sold their BTC for a very large amount because of reasons blah blah blah...

To be honest, I do not care about all those things as long as nothing bad happens. Strong hands always acquire Bitcoins no matter the market situation. I am kind of lucky that I had a good amount of Bitcoin and was able to hold it until now. If ETFs continue to buy, I don't think miners or the US government selling will affect the market. I know that ETFs buy Bitcoin through OTC deals, but still, it has a good impact.

We have seen another ATH already, and I have a feeling that Bitcoin will make ATH every week from now on till the halving event. Or it may move sideways if something bad does not happen.
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Re: Repeat of the history or a prank?
« Reply #45 on: March 11, 2024, 12:57:35 PM »

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Offline NikeFit_7777

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Re: Repeat of the history or a prank?
« Reply #46 on: March 11, 2024, 01:47:57 PM »
Do you think they will buy 40000 BTC per week on average? I guess they will dump a similar amount once they see that the demand has decreased a little. If they continuously buy BTC through OTC deals or from exchanges, we will see a massive ATH this year. I don't know what could be the ATH, but if stats are true, then we may hit 150K this year.
Meanwhile, bitcoin is already worth more than 71,000$. At the same time, the news comes out, "Microstrategy bought 12,000 BTC for 821$ million" Standard situation, as soon as BTC becomes more expensive than previous highs = immediately, positive news is released. + Don't forget, the mass media, will fuel (when needed) for bitcoin price rise or fall. Don't fall for this kind of manipulation.

P.S. What do you think is going to happen next? Will the big players continue to manipulate the price + will we see 85 + thousand dollars? Be extremely careful. At this stage of the market, it is easy to lose your money!  8)
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Offline tjtonmoy

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Re: Repeat of the history or a prank?
« Reply #47 on: March 11, 2024, 04:17:56 PM »
Cut
My initial target was $72k+ according to some research and analysis. Today it has crossed the price point and from now on, i think it will be more bullish until it takes a u turn.... Not quite sure when but massive buying pressure will create massive selling pressure later on that's for sure....
I made the conclusion too soon as we can see that the initial target was reached eventually.... But either way... I'm at profit... So this is great. Keep hodling guys... Next target $100k+
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Offline Lucius

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Re: Repeat of the history or a prank?
« Reply #48 on: March 11, 2024, 04:42:12 PM »
A little bit? I think it still can grow massively. You must know that Bitcoin is predicted to raise to $150k. If it can be $150, it is not grow a little bit but it grows very significantly.
~snip~


Before the previous bull run, many "experts" were talking about $100 000 as a sure thing, and we all know that didn't happen. Therefore, it would be wise not to set any goals for ourselves in advance, because that way we can only be disappointed because "Bitcoin did not achieve the expected goals" as if such goals were something that was predetermined in advance.

The price of BTC will rise until someone decides it's time to dump a huge amount of coins on the market or until some extremely negative news appears that will discourage investors. Considering that there is nothing negative in sight, I would suggest that we relax and enjoy the new big bull run ;)
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Re: Repeat of the history or a prank?
« Reply #49 on: March 11, 2024, 05:10:10 PM »
My initial target was $72k+ according to some research and analysis. Today it has crossed the price point and from now on, i think it will be more bullish until it takes a u turn.... Not quite sure when but massive buying pressure will create massive selling pressure later on that's for sure....
I made the conclusion too soon as we can see that the initial target was reached eventually.... But either way... I'm at profit... So this is great. Keep hodling guys... Next target $100k+
Until now the $100k figure still sounds reasonable and worth considering because the halving hasn't happened yet, and the ETF is starting to have an impact from its movement. I still aim to start selling gradually from the $80k mark, $90k and so on up to $180k if possible. I sold each check point for 10% of existing assets. So it will create an average selling price of around $130k if it reaches $180k.

Offline Learn Bitcoin

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Re: Repeat of the history or a prank?
« Reply #50 on: March 11, 2024, 05:17:00 PM »
P.S. What do you think is going to happen next? Will the big players continue to manipulate the price + will we see 85 + thousand dollars? Be extremely careful. At this stage of the market, it is easy to lose your money!  8)

Even if Bitcoin reaches 100K before the halving event, I won't be surprised at all. I guess 85K is very much before the halving. A few days ago, we were thinking if we would be able to touch the ATH before the halving, but as you can see, we are at 71K+ at this moment. I have said this in my other posts as well: I haven't bought Bitcoin, But I saved my earned money, and I have a good portion of BTC at this moment. I will continue to gather my BTC earnings in a wallet and I will hold as long as I can. So, I don't think I am going to lose money this year.
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Offline bettercrypto

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Re: Repeat of the history or a prank?
« Reply #51 on: March 11, 2024, 05:36:08 PM »
Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?

After halving, bull run will occur which is a known fact, but can we still consider this bull run? If so, then is this the end of the road and time for reversal?

I think we will see more in the future but for now ... That's it...!

Your target was already achieved, that means your now going to exit and you will release the profit you were hoping for, right? and that will continue to increase for sure in the coming days. At the moment, it seems that Bitcoin only had a break time then after that the price value of bitcoin in the market took off again.

So doesn't it seem like it's too early if you exit at 72k$? Is that target you are holding the last ATH in 2020 so your target is 72k$?
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Re: Repeat of the history or a prank?
« Reply #51 on: March 11, 2024, 05:36:08 PM »


Offline MrSpasybo

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Re: Repeat of the history or a prank?
« Reply #52 on: March 11, 2024, 05:43:33 PM »
Actually, it doesn't have a direct impact, because it doesn't directly affect the price in the current market when trading OTC. However, however, if there is a lot of news related to very high sales or purchases via OTC or other means, then that can trigger news related to what is happening. It could be that there will be many parties who take advantage of this moment to create another FUD that someone has sold their BTC for a very large amount because of reasons blah blah blah...

And an issue like this might sound quite sensitive, so it could affect the market going forward. So far, I have not found any information about whether OTC has an upper limit, if there is a lower limit, yes. but maybe each platform has its own mechanism. Because this is often used and exploited by whales.
Currently Spot ETFs do not have a direct impact on the BTC price as they only take place on the OTC, but they have an indirect impact. If BTC sellers go to OTC to sell at better prices than on CEXs, the selling pressure on CEXs will decrease while the buying pressure remains the same or increases, helping the BTC price to be supported and gradually increase. That is what we are seeing right now and the BTC price has quickly surpassed $72K instead of retesting the support price below as $45K.

We are still in an uptrend so these anomalies, including a new pre-halving ATH and a strong uptrend with no re-accumulation, are welcome. I will not deny any higher price range that BTC will reach  8)

Online JoyMarsha

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Re: Repeat of the history or a prank?
« Reply #53 on: March 11, 2024, 10:24:59 PM »
Today BTC reached $69k and that's exactly $69k and then the price dropped. My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
But it is funny to see BTC reject again after reaching $69k which has happened before in the past bull run. Do you think we will not see a bull run again and this in the end and we may go into bear market soon or do you think BTC has more room to grow before halving....?
OP, do you know one thing about I like about bitcoin? Is the way it keeps proving people wrong when they try to predict the next line of the price it will fall or increase to.

OP, I believe you must have seen that bitcoin has touched $72k + price today and it moves to $73k-$74k or sideways. Don't you think that before halving we might be seeing a price close to $90k if bitcoin should continue with this momentum of the price increase.

OP, we are at the peak of the bull run, The bull run hasn't started fully even though we are witnessing a new ATH. I anticipate the bull run to start up soon and stay till next year and by 2026, we will be talking about the crypto market to experience the bearish market.

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Re: Repeat of the history or a prank?
« Reply #54 on: March 11, 2024, 10:41:41 PM »
My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
Funny is , it already reached such height in just 5 days after you posted this. Bear market won't be possible as of now. Bitcoin drops 4-6k only, later will bounce back after few days, become stable a little bit then will increase later on. It is the deal and i guess we will see $80k for the next few weeks.

Offline debra

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Re: Repeat of the history or a prank?
« Reply #55 on: March 11, 2024, 11:35:12 PM »
Definitely Bitcoin will even surpass $80k but that price will be reached after the halving. Probably before the end of the year, we should not be surprised to see Bitcoin at $100k and it will be a good position to take profit. Some people are already panicking to sell and take their profit because they feel that the market will dump any time soon, not realizing that the bull market will still continues until after the halving.
We don't know $80k will be reached when halving happens or after halving. I'm sure no one can predict accurately about this. However, looking at how fast Bitcoin price increased recently, I'm even not surprising if $80k can be reached earlier. If the hype becomes higher, the demand can be bigger. With this condition, I think $80k isn't impossible to reach in April (in the month of halving).


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Re: Repeat of the history or a prank?
« Reply #56 on: March 12, 2024, 09:21:30 AM »
The price of Bitcoin is currently above $72,000, the highest price touch in Bitcoin history. Bitcoin has never touched 70 thousand dollars before but in 2024 Bitcoin touched 70 thousand dollars and has been close to 73 thousand dollars.  When the price of bitcoin was between $68k or $69k you asked if the price of bitcoin would go up, it didn't take long after you posted before the price of bitcoin hit $72k. Now the price of Bitcoin is standing at $72K. It is expected that the price of Bitcoin will increase more in the coming days and touch one hundred thousand dollars very soon.

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Re: Repeat of the history or a prank?
« Reply #57 on: March 12, 2024, 10:16:59 AM »
We don't know $80k will be reached when halving happens or after halving. I'm sure no one can predict accurately about this. However, looking at how fast Bitcoin price increased recently, I'm even not surprising if $80k can be reached earlier. If the hype becomes higher, the demand can be bigger. With this condition, I think $80k isn't impossible to reach in April (in the month of halving).
The price of $80k for Bitcoin will be easy to reach, perhaps it only takes 1 week to reach the price of $80k. Meanwhile, if it is 1 week before the halving, the price of Bitcoin will have the potential to rise to a price of $100k, so remain optimistic that the price of Bitcoin reaches the target price. you mentioned and provide a lot of profits for the holders.

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Re: Repeat of the history or a prank?
« Reply #58 on: March 13, 2024, 08:55:18 PM »
I think this is a "warning" of sorts, a measured and thoughtful climb toward the top that Bitcoin will soon begin to discover. The recent approval of the Bitcoin ETF and the halving that approaches every day makes spirits grow and investors buy, which can make us think, if there is no manipulative news on the way to try to lower prices, that the next ATH could even cross certain psychological barriers and take Bitcoin above $100,000. I'm not saying that amount will be reached, I'm just saying that it is a possibility considering how a new ATH has been reached without the "noise" that we have experienced on previous occasions.
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Re: Repeat of the history or a prank?
« Reply #59 on: March 13, 2024, 09:23:07 PM »
My initial target was $72k but i don't think that will happen anytime soon or not before the halving.
Funny is , it already reached such height in just 5 days after you posted this. Bear market won't be possible as of now. Bitcoin drops 4-6k only, later will bounce back after few days, become stable a little bit then will increase later on. It is the deal and i guess we will see $80k for the next few weeks.
Exactly.
Exactly, it is.
Now, the rate is around $73,458, but the ATH is around $73,637.
It's normal that BTC will drop around several points, it's not the bearish one. But, it is such a price correction. And this really normal to happen.

Once it's success from the correction, it will bounce back to top price again. I thought that the price of BTC will reach $75k soon, but it's not yet. Well, let's wait for this and higher rate again. I am so enthusiast to wait this.

 

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