Bitcoin Hit 73.6k Dollar

[Paragon2]

Bitcoin has recovered again to $73.6k, if you notice it was up to $73.7k in April. And the maximum dumping was 49 thousand dollars, then the maximum success can be achieved only by holding and dipping bitcoins. Has anyone done the dip?

[bounceback]

Finally for the first time since waiting last April month bitcoin success break up to $73,6k and most excited waiting for how possibility break the new ATH price.
But seems not stable yet with bitcoin price because recently dropped and got small correction because bitcoin have down to $72,6k although have progress for raising up.
I don't think difficult if bitcoin keep defend above $72k to make new ATH maybe taking around one or two weeks later without any bad news happening, seems easily for next month if bitcoin price stable to raise above $80k and we are celebrating new years with bitcoin potential hit to $100k.

[jeraldskie11]

When I saw a clear breakout on a bullish flag pattern that I see in the chart, I expected for a retracement to happen, and yes it happened. But my expectation to go down deeper was not met which is around $63k, and with the current price action of Bitcoin I don't see any reason to hit that price again. For me, since the price is approach the ATH, I don't think will go for big dip when the current price surpass that.

[hugeblack]

Although I am surprised that the price reached the 73600 levels, the trading volumes are still too low for the price to be broken in the coming days (I hope I am wrong)
The $73,750.07 peak is still in control, but approaching those levels means we will definitely see $80k before 2025.

[albon]

Recently i came to know from a news that the demand for the world's most valuable cryptocurrency is increasing after the approval of investment in bitcoin through exchange traded fund etf. Moreover, at the same time the us federal reserve is expected to reduce interest rates soon. As a result, investors are flocking to bitcoin so the price of bitcoin is increasing due to these reasons. Also many countries are researching crypto through legalization agreements due to which investors are increasing day by day. On the other hand, bitcoin is limited to its fixed supply so more coins step forward in price growth. I bought something a few months ago that was at a dip in price compared to the current one right now.

[Crypto Library]

Recently i came to know from a news that the demand for the world's most valuable cryptocurrency is increasing after the approval of investment in bitcoin through exchange traded fund etf. Moreover, at the same time the us federal reserve is expected to reduce interest rates soon. As a result, investors are flocking to bitcoin so the price of bitcoin is increasing due to these reasons. Also many countries are researching crypto through legalization agreements due to which investors are increasing day by day. On the other hand, bitcoin is limited to its fixed supply so more coins step forward in price growth. I bought something a few months ago that was at a dip in price compared to the current one right now.

And also there was another big reason that is we passed the 4th halving the April in this year and as we know after every  four years bitcoin halve it's block rewards and after the bitcoin halving  one year in mostly record bitcoin make the new all time high prices. I mean bitcoin goest to the bull season.
And in every bull season there are always have some reasons to boost the bull season and this time the ETF bitcoin approval and currently I am thinking that is USA president election. And there are more chances of wining Donald Trump and that will be also a plus point for bitcion market prices.

[rdluffy]

We are almost there, almost reaching another ATH, but it's not so easy hehehe
Today BTC is worthing 70,190 USD, but I suspect at sunday BTC will start to rise, and we can reach ATH again, maybe next week, or soon after the elections of US

As soon as hits ATH, everyone one bought and hold BTC will be in profit, crazy to think about this

[Insanity]

Today's bitcoin price is $69k Bitcoin price has been dumped a bit. I think it's nothing to worry about. It's never the case that Bitcoin price will always rise in the same way. It's normal how Bitcoin price will dump again for a few days. But yes for Bitcoin price to dump.  The market is starting to have some negative impact. All the altcoin markets are starting to turn red, but if the bitcoin market starts to grow, the altcoin market will start to grow again. Now we just have to wait for time.

[TomPluz]

But seems not stable yet with bitcoin price because recently dropped and got small correction because bitcoin have down to $72,6k although have progress for raising up.

Not really stable because on the first day of November the price of Bitcoin is now back at $69K though we don't know if there will be more energy as days go by in the month of November. Bitcoin should be making a new ATH in this month so it would have more energy as the year is ending and 2025 is coming. The main energy can be coming once Trump will be the next 47th POTUS. The month of December is not so good for the cryptocurrency industry as more and more people are focusing more on the holidays, vacations and spending money. Let's all hope that come the first quarter of 2025, there can be more excitement and more inflows to ETFs and more money from institutional as well as retail investors.

[Jating]

Although I am surprised that the price reached the 73600 levels, the trading volumes are still too low for the price to be broken in the coming days (I hope I am wrong)
The $73,750.07 peak is still in control, but approaching those levels means we will definitely see $80k before 2025.

Big surprised, but most likely we have reach that top with this FOMO, in my opinion. So it means we will see some minor corrections, like it will gather another momentum, so we will have to wait for it. Nevertheless, I think the market can't be stop for now with the huge catalyst coming next week which is the US elections.

So let's see, I can see $80k or even $90k if Trump wins this US Election. But still, we are in the bull run, so no matter what, if the cycle holds true we will see a huge run, and next year will be big as we might touch 6 digits.

[hugeblack]

So let's see, I can see $80k or even $90k if Trump wins this US Election. But still, we are in the bull run, so no matter what, if the cycle holds true we will see a huge run, and next year will be big as we might touch 6 digits.

The world has bigger problems than adopting Bitcoin and since the new US administration starts in January and has priorities to work on, I don't expect to see any news related to cryptocurrencies or legislation until next June, which means that the impact of the US elections will be more psychological than real or legal (regulatory).

[rdluffy]

The world has bigger problems than adopting Bitcoin and since the new US administration starts in January and has priorities to work on, I don't expect to see any news related to cryptocurrencies or legislation until next June, which means that the impact of the US elections will be more psychological than real or legal (regulatory).

The speculative (or psychological) factor does count for a lot
Politicians generally do what they do best: politics!

It may be that Trump doesn't even have a real plan for cryptos, but he's taking advantage of the narrative to win more votes and he's certainly going to have to take some measures in relation to cryptos. It may be something with the SEC, some more friendly measures, but something will have to be done, in my opinion at least, and this should be a quick agenda, which doesn't need that much time to make the decision

[target]

Almost reach the ATH then. In just a day it retraces back again to 68k also but this could just be another dip I order for the o ice to spike again. It be good to buy even just small amount to ride the bull run that is coming.

I'm just worried whether this bull run will continue after the election because as crypto channels are saying this election will decide where the market will trend go.

[milewilda]

Almost reach the ATH then. In just a day it retraces back again to 68k also but this could just be another dip I order for the o ice to spike again. It be good to buy even just small amount to ride the bull run that is coming.

I'm just worried whether this bull run will continue after the election because as crypto channels are saying this election will decide where the market will trend go.

Not really that shocking or somewhat i had anticipated that it would be making out some retracement on the moment that it do almost reach its ATH. Basing up on what i have observed that
if there's something positive news happened on recent previous days then we might be able to break that ATH but we've seen nothing. Im not saying that fundamentals are assurance
but we could really be able to tell that it could really be giving out some affect towards price movement specially nowadays or years on where it is really that something relevant.

[rdluffy]

Almost reach the ATH then. In just a day it retraces back again to 68k also but this could just be another dip I order for the o ice to spike again. It be good to buy even just small amount to ride the bull run that is coming.

I'm just worried whether this bull run will continue after the election because as crypto channels are saying this election will decide where the market will trend go.

There's a pattern I've noticed (it's not guaranteed, nothing 100% hehehe), that cryptos, and of course BTC, lose a bit of strength on Friday and Saturday only to recover again from Sunday and Monday onwards, probably traders closing positions and opening after some days
Let's see if it happens again

This retrace I believe it's just a small correction since it almost hit ATH and next week it should resume and possibly we'll have ATH even before the US elections