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

[Zed0X]

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.

[bounceback]

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.

[SamReomo]

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.

[pawel7777]

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.

[UNIVERSE]

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. 

[debra]

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.

[bounceback]

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.

[pawel7777]

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.

[SamReomo]

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. 

[SmartGold01]

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.

[summonerrk]

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.

[pawel7777]

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.

[Gurujebs]

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.

[UNIVERSE]

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.

[bitterguy28]

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