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

[Asiska02]

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.

[philipma1957]

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.

[Captain Corporate]

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.

[pawel7777]

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.

[philipma1957]

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.

[Rubel007]

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.

[Aanuoluwatofunmi]

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.

[UNIVERSE]

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.

[pawel7777]

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.

[alltalk]

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.

[SamReomo]

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.

[Gurujebs]

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.

[pawel7777]

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:



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.

[Rubel007]

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.

[vegasus]

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.