The Perfect Storm Coming for Bitcoin?

[TomPluz]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Now, according to "Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push."

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

[hugeblack]

It is true that we are 5% off the all-time high but this is not an ATH breakout pattern meaning that we may not be able to get more than $74k during November^* (regardless of the US election outcome). However, once $73k is broken I think it is a few hours before we see $80k so we should see accelerated momentum before we break that level.


* ETF inflows were around $3B in October so we would need inflows of around $5B to see the ATH broken.

[Salahmu]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Yeah I don't think we should be too worried about Bitcoin continuing to go up or drop back down because I believe that we have pass those moments and from the month of November we would be entering another exciting face of Bitcoin and even if we did not see a very higher price of Bitcoin on that month but we are very sure that the price will be on his way to $80k.

Though I no that with the numerous predictions that has happened this year about the Bitcoin price and non of them get it right but I believe the time has come for Bitcoin to obtain another milestone, so i believe by this time on the month of December we should be expecting $80+k that's my prediction and I believe it will happen.

[_act_]

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

There is no hurricane that can destroy bitcoin as an asset of value. This is what that is very important. Just buy and hold bitcoin because all-time high is coming and also bitcoin will likely continue to rise by next year. It is not yet the bear market time.

[Primo1760]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Yes we saw Bitcoin touch $71k again today. We were expecting this in October but I can say that there is a high probability that Bitcoin will hit an all-time high in October and set a new record. There is no hurricane that will destroy Bitcoin but there is good news and good potential for Bitcoin to go higher. Don't worry right now the price won't drop much so keep investing in bitcoins and if possible increase your investment using DCA method. I don't think at all about my investment I always dream about the good potential of Bitcoin.

[MrSpasybo]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Now, according to "Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push."

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

I rarely pay attention to media statements about BTC's potential or the crypto market in general. I think they exist for entertainment or to try and convince investors to believe a certain viewpoint, whether it's right or wrong, ridiculously optimistic or pathetically pessimistic. I usually focus on the fluctuations of BTC price chart to make my own assessments.

I had previously predicted BTC recovery using an ascending parallel channel (2024.08.21), so I'm not surprised by this recent price increase. I still expect $150K-170K for BTC in this cycle, and in a more optimistic scenario, $100K could be reached as early as 2024.

• Bitcoin will soon resume its growth along the parallel channel?

[Mia Chloe]

Yes of course bitcoin is currently in a bull and people already see it as a step to a new all time high which is very logical and understandable based on the momentum of the bull. That aside, it's actually quite difficult to predict exactly the movement of crypto currency pair based on certain things like volatility. Bitcoin although it's able to keep up with a nice price, is often affected by many economic conditions and even government regulations and news .

Well we currently have quite a nice trend at the moment and hopefully we will create a new ATH sooner. The idea is bitcoin is definitely going to bull however we can't pinpoint how much accurately.

[milewilda]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Now, according to "Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push."

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

Actually when it comes to future prices then this is something that i dont really bother about. Why? No matter how bullish or bearish those upcoming news or events but still it wont really be something that precisely that could really be able to determine on where the prices would really be doing. We've seen different situations when it comes to this manner on where there would be those moments that Bitcoins price didnt care about those sentiments and would really be just that making out those movements randomly. Therefore, it wouldnt be stressful on your part
if you would really be just that making yourself that go with the flow.

[RewFrew]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Now, according to "Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push."

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

Bitcoin ATH was $73k+ which Happened March 2024 and now October 2024 we are thinking Again we will see New ATH soon. Already Bitcoin price Touched $73k. Now Bitcoin price slightly dumping. It happening for correction i think. After small correction Bitcoin could be pump again and it can be reach New ATH which is our dream. Because we are waiting to see $100k who are we invested on Bitcoin. Many investor bought Bitcoin and they are Holding tightly for bull market. I think most of them will sell A part of Holding. I also Sell my 50% Balance of my wallet when Bitcoin price will touch $100k. I also think perfect storm is coming for Bitcoin.

[Faisal2202]

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

It won't be a hurricane, but a perfect storm that will push BTC prices up to the sky. New Potus election will make the market more volatile too so these 5 days are going to be really bullish (IMO) the real suspense is after 4th Jan when the winner will be chosen and the market will make its direction. If Trump wins, it will take a bullish path otherwise, it won't dump so hard but most of the investors holding their BTC in the hope to selling them in this bull run and other newbies investors will try to exit the market.

I really did not speculate on this news, but it was worth it and these few days are really bullish that we might see ATH before 5th NOV too.

[Azharul]

Right now, Bitcoin is now around $71K and I am hoping that eventually it would go on and make a new ATH, breaking its past record which was $73,738.00 reached on March 14, 2024. This can indeed be really so exciting but then again we know how the market works...with just a blink of an eye we can be back below $70K again.

Now, according to "Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push."

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

Actually you could express a best opinion in your post. Because we know that bitcoin is one of the best valuable crypto in cryptocurrency world. I also believe that gradually bitcoin price is increase in cryptocurrency market. If we follow in cryptocurrency market we can see that bitcoin price is up to $72397 in this moment. But if we follow before in few week, we can see that bitcoin price remain under $65k. But we can see that gradually it’s price is increase. So i believe that end of the election will be best profitable in cryptocurrency market. So i think that after election the big storm will be comes in cryptocurrency market.

[hugeblack]

So i think that after election the big storm will be comes in cryptocurrency market.

Why are many optimistic about what will happen in the US elections or consider it a major driver for the price trend up or down?
It is true that the price will change in the next two months, but not because of the United States election[size=78%].[/size]

[0t3p0t]

There can really be a huge possibility because investors will I think ride on this push that will make a history again for reaching and surpassing new all time high. Since it was really close to the previous ATH then it can be very possible and maybe if it won't happen this year then maybe 2025 would be the best new ATH for Bitcoin once again.

[Baofeng]

Yeah, it could be what we are waiting for, as I have said before, it could be the catalyst for a bull run that we all have been wanting to see or waiting since the halving. Just a week from now, we will see who the US is going to elect as their new President, and it if someone that we have predicted as pro-crypto, then it will really be a good news for us. And it will catapult the price at the end of the year to near 6 digits. So it's really exciting times ahead for Bitcoin or crypto enthusiast.

[robelneo]

The perfect storm cited by the Bitfinex analysts refers to the big chance that a new POTUS can be elected after Nov 5 and be inaugurated on Jan 20, combined with historically bullish market conditions.

Do you feel that there can really be this perfect storm that can push Bitcoin to the top or will it be a hurricane that can be destroying its path?

That could be the biggest news that the community can receive that will want the doubters to accumulate more Bitcoin, but it could be anything, We know the market traditionally can be influenced by good and bad news; if there's big news coming, expect the price to move further and if there's bad news, expect Bitoin to suddenly dip, so if you're going to invest, expect the unexpected