72 , are we going to break 75k at last?

[pawel7777]

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.

[SmartGold01]

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.

[bitterguy28]

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 ..

[pawel7777]

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.

[alltalk]

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

[pieppiep]

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.

[bitterguy28]

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 .

[pawel7777]

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.

[SmartGold01]

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.

[sampoerna]

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

[philipma1957]

75k has been solid road block so far.

I think this week coming up 🆙 may show a strong uptick

[bounceback]

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.

[philipma1957]

We are very close to 65k as I type if we get over 75k this week I would not be surprised.

[Kemarit]

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.

[Roseline492]

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.