Why Bitcoin is currently weak?

[SmartGold01]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

Is not imposible for us to see another all time high within this period of time and giving as it is right now, we are just few bulk away from the previous all time high bitcoin price, this is an indication that we likely and possibly will see another break out of same, let say bitcoin hitting a price rang of $80 thousand before the end of the year 2024, it not going to be a surprising thing for most of us here since we already know the manner at which bitcoin move when it ready to create a new ATH record.

Going by that, expecting a 2 year time base for each all time record could become a defeated assumption this time around.

Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.

[Ricardo11]

Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.

We are still seeing the movement of Bitcoin where Bitcoin is hovering between $71K - $72k. It was above $73K yesterday, and the Bitcoin ATH could not be broken due to a slight lack of pump yesterday. However, according to the current movement of Bitcoin, it seems that Bitcoin may perform better in the coming month, it is likely to cross $80K in the next month. The current bitcoin situation is very encouraging for us, and we hope that bitcoin is going to show some good pump after this US presidential election. And I expect to see a strong bull run in the coming year, where Bitcoin will cross $120K.

[Hisbullah]

Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.

We are still seeing the movement of Bitcoin where Bitcoin is hovering between $71K - $72k. It was above $73K yesterday, and the Bitcoin ATH could not be broken due to a slight lack of pump yesterday. However, according to the current movement of Bitcoin, it seems that Bitcoin may perform better in the coming month, it is likely to cross $80K in the next month. The current bitcoin situation is very encouraging for us, and we hope that bitcoin is going to show some good pump after this US presidential election. And I expect to see a strong bull run in the coming year, where Bitcoin will cross $120K.

when the price of bitcoin has approached ATH, many people hope that bitcoin will soon reach a new ATH but it turns out that it was not achieved, bitcoin fell back below 470k. Maybe this is just the beginning but we see the last month of this year, the possibility of bitcoin prices reaching a new ATH at $ 80K or maybe $ 85K.
Currently I am just waiting for the price of bitcoin to go up again or down because there will be a correction.

[Blaze]

Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.

The market is indeed approached optimistically, and that is with good reason as the potential is enormous. From the analysis, a number of individuals think that there is much value creation to be had and that lofty goals will be met before the year ends. But with that momentum, reaching these targets is not unattainable.

If price increases and it gets closed to expected levels, we shall find growing support from the market. This enthusiasm helps us have the spirit to scan and wait for the big prospects that might occur in the next few months.

[SmartGold01]

Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.

The market is indeed approached optimistically, and that is with good reason as the potential is enormous. From the analysis, a number of individuals think that there is much value creation to be had and that lofty goals will be met before the year ends. But with that momentum, reaching these targets is not unattainable.

I still think there is possibility and of course market as we may know is gaining the necessary attention towards moving the directions people are desiring it to be, and when much pressure is pushed towards the market it stir up the price just as the market already created a new ATH and possibility of achieving more ATH still have and is attainable since we didn't even expect that we would have this creations towards the market this month.

[JoyMarsha]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

[SmartGold01]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controlled by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.

[legend45]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controll
ed by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.

The crypto market does not depend on the two people you mentioned, but Trump's victory has a positive impact on the current bitcoin price. Trump's victory made many people believe in bitcoin because of what Trump said during the campaign where he would support bitcoin and make the US the center of bitcoin and crypto progress, that is what has a positive influence on bitcoin today.

[SmartGold01]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controll
ed by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.

The crypto market does not depend on the two people you mentioned, but Trump's victory has a positive impact on the current bitcoin price. Trump's victory made many people believe in bitcoin because of what Trump said during the campaign where he would support bitcoin and make the US the center of bitcoin and crypto progress, that is what has a positive influence on bitcoin today.

Trump is too technical and knowledgeable knowing the hearts of everyone especially the youth and he knows the narrative, where they are channeling their efforts towards the technology. Bitcoin is dominant and lot of people has wished for the legalization and adoption, through this Trump started his political campaign in the name of bitcoin to buy the heart of everyone, knowing too well that Kamala Harris do not support Bitcoin, and of course the most population who are bitcoin lovers would definitely moved to Trump to support him.

[Baofeng]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.

But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.

[JoyMarsha]

Trump is too technical and knowledgeable knowing the hearts of everyone especially the youth and he knows the narrative, where they are channeling their efforts towards the technology. Bitcoin is dominant and lot of people has wished for the legalization and adoption, through this Trump started his political campaign in the name of bitcoin to buy the heart of everyone, knowing too well that Kamala Harris do not support Bitcoin, and of course the most population who are bitcoin lovers would definitely moved to Trump to support him.

Election is about strategy, supporting or not supporting what your opponent does not have in their campaign agendas.

Trump including Bitcoin in his campaign promises, really paved the way for him in this just-concluded election. At least Trump gats to say he got plenty of votes from people who support Bitcoin, while Harris didn't get many votes in that aspect(people who supported Bitcoin), because she is not fully in support of Bitcoin.

However, Trump and Harris had different campaign agendas they had in place for Americans. Americans voted in favor of the one that suits them as a country. It can be legalizing Bitcoin, putting a stop to the Israel, Arab nations war, and Ukraine war, American economy, stopping transgender, reducing tax payments, etc.

[SmartGold01]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.

But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.

I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.

[doc]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if  Trump is declared the winner, the crypto market will boom.

However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year

Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.

But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.

I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.

78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.

[UNIVERSE]

78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.

You are right, he seems to see the wrong number of Bitcoin ATH price. According to Coinmarketcap, the current ATH of Bitcoin is $77,252k. This is just achieved today, BTC finally crossed $77k. Indeed, the news of Trump's win makes everything easy for Bitcoin to keep increasing. $80k will be possible to be achieve in next week, Just hope the price keep increasing in the same way. Well, I also plan to sell my Bitcoin when it is around $100k.

[PX-Z]

....$80k will be possible to be achieve in next week, Just hope the price keep increasing in the same way. Well, I also plan to sell my Bitcoin when it is around $100k.

I guess in 3 days $80k is possible after the official tally is announced as the hype is still going on. Surely it will increase again and takes new ATH after Trump's takes oath as the official president on January next year eith his his speech and promises to deliver so this hype will continue until then.