Bitcoin Forum

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

Yeah, the price seems to be hovering just under the $5800 mark. I'm not really sure what is holding it back. I'm still learning how to use technical analysis together with sentiment. Fundamental analysis could also help to uncover some context clues as to why exactly that the price is ranging just below the all time high, and isn't taking off. How much correction was there, and are we possibly  due for more?  ??? I guess there's a whole lot more to it than just candles and wicks!

My guess is there's some resistance at the high -- some profit taking every time it approaches it. Once we see a new high for a sustained period, I think we'll see a new high much higher. Follow all of that?  ;)

It's not resistance, but it's how it's going to move, as we grow exponentially, it might slow down.

Profit talking is when the price reach the top, and then re-investing during dip. And currently, the next big target is $60,000, but it's a whole number so I'm expecting that we will see some correction again after that for a couple of days and then go up again, and then the cycle continues.

Yeah this exponential growth narrative seems to be still relatively accurate if we ignore the percentage gains between each period of ATH. Talking about moving averages, anyway, they are definitely becoming more level but not quite tapering off as you'd expect when growth stops being so aggressive.

Patient profit taking this time around I'd say!

I was reading an article a few hours back and frankly speaking I was not aware of it. The article is about the top 10 cryptocurrencies other than bitcoin and in this article there is a point where the writer talks about Bitcoin growth. It states that Bitcoin exploded at $8,166 on 8 March 2020 and reaching an all-time high of over $58,000 in February 2021.

So yes, anything can happen this year too. It just took 11 months to reach 58k it might take less than 6 months to reach 100k.

The prices have sparked during this pandemic and exchanges have witnessed exponential growth of customers with rising demand of crypto mainly Bitcoin.This has pushed the market cap to cross $1 trillion in 12 years and prices to reach ATH of $58,300 this time which is almost double.

https://i.ibb.co/34DhkdR/Screenshot-20210313-094940-01.jpg (https://ibb.co/4K6NJt1)

The experts beleive that the prices can reach almost $70k by the end of 2021 even after witnessing market crash and dips due to FUD's and market manipulation by the whales.The only ones holding will be in profits because we have long journey to walk along.BTC has just gained popularity now and prices are $58k imagine when it would be Mainstream and accepted by all with decrease in supply due to halving the prices will reach above $200k or so and your profits will be *100-200 times so just wait for the prices to the moon.

Almost 60k on Bitstamp now ($59,750).

The truth is that these are delicious times, after a few years of waiting, beating ATH after ATH is comforting. And it looks like it's going to stay that way. It is normal that we will pass $100k this year, and some predictions point to much more.

And here we go again, bitcoin already break the ATH with $60k.

In my opinion the reason why BTC keep rising because of stimulus from Biden and i think tomorrow BTC will keep breaking the record, don't forget to buy more BTC boys :)

There is no denying that bitcoin targets will always be fully achieved. this year is the target of a very historic record. Gradually we will see a situation that has not happened since bitcoin first spread to all networks in the world.

There is no doubt that this year is ATH year for new ATH for bitcoin, and that year there is a lot of good news everywhere and almost on every social media, YouTube and others, bitcoin has become a phenomenon that makes everyone curious about bitcoin.
and make bitcoin grow bigger and a lot of people are just starting to get involved to invest because this year many people have made big profits this year.

Bitcoin halvings bring new all time highs and this halving brings a new all time high sooner than past halvings. The new all time high for bitcoin was touched in 2020, months after the halving in May 2020.

The latest all time high for bitcoin today in 2021 is not the highest price for it after the halving. Institutional investments will bring it to higher price. $100,000 or $300,000 for one bitcoin at the end of this year or in 2022 is my wish.

Margin callings and liquidations can make bitcoin hits spikes on exchanges for margin traders: BitMEX, Bitfinex, Bybit, PrimeXBT.

Now btc price is 59680 usd. 24 hours low is 55366 usd and 24 hours high is 60440 usd. BTC is pumping, Look at the market, BTC pumping means market pumping.

Bitcoin is breaking its own ATH history. Yes we are seeing a new ATH for bitcoin. It looks like a correction that occurred last week with bitcoin at around $48k that some fud about a deep has fired
bitcoin price up to a new high. It is hodlers time to hodl because it keeps breaking histories.

It is really shocking that the bitcoin breaks a new all time high! This will be marked as a new history on the bitcoin's price, I am seeing many dumps on the past weeks but the correction is still strong and we can see that the predictions of the many has been going all through and now it's real, the new ATH which is $60,000. This will be a wild ride for everyone! Can't wait to see what will happen for the past few weeks if it will break again it's all time high, hoping to break it and go $70,000 and I have a huge feeling that it will pump up again.

I think in this year bitcoin always price increase and after this year it fall down in land. It’s not miracles if you saw 2017 and 2018.

And that's it!

Bitcoin has broken again another all time high that we've been seeing around. So the correction that we've seen last time at $42,000 - $44,000 cmiiw. That has been triggered and that's the reason it has to correct.

Because we're going to see another ATH and that's the barrier that bitcoin has to break. The next stop and goal would be bitcoin reaching $70,000. Just one step at a time until we go near $100,000.

Seems to be a lot of buying for a Saturday night (in the UK).

Could it be people trying to get ahead of the game for Monday?

It didn't surprise me that it came to the $ 60k level. If bitcoin does not start the week in red, it could see $ 65-67k next week. 60k is a psychological point that's why it's important.

Dont know, it was the same last weekend IIRC...

Its just buy pressure, these threads can get outdated within a few days
my Blockfolio account shows the global average price for Bitcoin today at
$60,567, and more to follow

Is that a signals type app then?

Bitcoin is the most potential and best coin in the world. This price is going to moon. Bitcoin price is now so much volatile and increasing a lot till the starting of this year. Its pumping so much. In my opinion its price will hit $100k as soon as possible and break the price history of cryptocurrency.

Don't believe upon any signal type app or telegram groups. Because all are fraud and doing business. Their signal don't work at all. Sometimes some app and groups ask you for getting premium by money. Don't believe them if you don't want to lose your money.

Looks like the price started taking off quite sharply at 10am GMT and has been sustained all day.

Could it be a big player making lots of transactions to average the cost?

In this day 1 year ago BTC was $4000. 15x in one year - awesome, do you agree?

$61470 / btc currently!

Well, this is quite possible that will happen and the most anticipated by most holders is to reach the $100k price in bitcoin. We saw another ATH as of now and I think it will always end growing up high even though there is sometimes a correction of price in the market. However, perhaps it is time to conclude that bitcoin price has its own growth and it is impossible to repeat itself just like what happened in the past halving of bitcoin.
We dont know what is the reason for this sudden growth of bitcoin price, perhaps it because again of Elon Musk or just because of Paypal announcement.

Just prepare for the big day as is not yet come. Maybe some experts are not wrong talking about $100k and we are going that way.
Just this time I post, the current price is now at $61, 600, it keeps moving and getting strong. This shakes again the holders and makes them happy.

We can truly say that everything is possible in Bitcoin. The demand surging high, price rallying as well, but the risk is also getting high. And for now, I can't make myself very comfortable with it or make the decision to sell now. 

It seems that there is a possibility that Bitcoin could hit $100K as others predicted this year.
If this would continue I wonder what would be the highest price that it would reach this year,
And if it wouldn't crash down like what happen in 2018?
And I think it would really be so hard for it to fall down into 4 digit zone now that it is already past $50K.

It's great that Bitcoin has finally risen above its current price of $ 61k, I hope Bitcoin price can continue to rise until target $100k is reached.
Therefore, for now, it is better if HODL our Bitcoin is the thing that must be done, because Bitcoin performance continues to increase this year.
So to be able to get maximum profit, don't sell our Bitcoin too quickly, even though we want to sell Bitcoin at the current price. It can be sold
only partially, because it is very likely that the Bitcoin price will continue to rise.

This is the confirmation that the bull trend is not done yet and lucky to those who bought BTC last week when its around $49k. The trend is still here and we’ve just seen the corrections before, now that we’ve reached the level of $61k, I believe we are still have the chance for $65k and up to $100k this year, we’re getting closer to that price.

I don't think so. I do the confirming around here. We are confirmed in an erratic, temporary, fake news inverse crash right now that is in the process of resuming to a real non-inverse crash.

Have you seen the price trend today, that’s a great bounce back from falling last month, and the price is still bullish so I also agree that its not done yet, maybe you’re referring for a future price trend but today, we’re still on its all time high. Bitcoin made a good turn of events when people thoughts we’re on a bear market now, but this up trend suddenly appear and invalidate those rumors.

I think we are not yet in a bullish trend, what we are experiencing is a stage where much institutional investment is entering, but I believe that the usual whales of the Bitcoin market have not yet entered into action, if we see the million dollar wallets of 100- 1000 BTC there is no variation, it is always in the same percentage of 62% -63%, in 2017 this percentage grew to almost 80%, of course it is not reliable but it can be used as an indicator.

It already does once again ,Bitcoin make it's way High back to track and recorded a 61,683$ record from 56,000 within 24 hours.
This mean the climb is more than 10% just yesterday and still showing strong movement and staying in that 60-61k$ value as i am posting this.
So you are serious on that huh? We are not in bullish so what is Bullish trend for you ? when the Climb up to 75,000 or 100,000?

That is greedy belief mate , don't hold so much because you might disappoint eventually.

We can't compare the bullish sentiments of 2017 to today, as you have said, institutions are the main driver this year. There's no Tesla that investment on 2017's bull run. And with that, I will tell that the last quarter of last year and today should be obviously considered as bullish trend already. We have been breaking all time highs like every month or so, that's bullish to me.

It really is. Once it starts to correct, we're now going think that it's possible that we're close again to another all time high which we're anticipating from time to time whenever there's a correction that's coming on bitcoin's way.

Possibly the stimulus has something to do with the recent surge that we've seen. And what do you mean by the impossible to repeat? we've actually seen history repeated itself but it has surpassed that history which was the known bull run of the past.

Exactly. History has repeated only to be even more crazy than the last time :)
100k is only the beginning...

Yeah, it is a very exciting run this time.

We're all tuning in and will definitely part of the another history that bitcoin will make. What makes it better than the last time is that we're actually seeing why volatility is an advantage for bitcoin.

Looking forward to see it and crossing fingers before or maybe at the end of the year.

Many argue that Bitcoin made it to the new all time high because of the tweets by Elon Musk, or the next opinion as the US government starts
distributing stimulus checks of $ 1400. Whatever the reason, I don't really care about it. The most important thing is Bitcoin is still in a bullish trend
and there is a possibility that the rising price of Bitcoin will not stop anytime soon. Because several times Bitcoin has tried to cross the resistance
price of $ 61k, if today it manages to touch the price of $ 62k, means Bitcoin price will soon go up to a price of $ 70k or $ 80k.

The situations are different now. This year, many big companies want to integrate their system using bitcoin, and many big companies also want to invest in bitcoin. The bullish trend will come this year, and we already see what happen with bitcoin price, so the chance for bitcoin to increase more will wide open. With the increasing bitcoin price now at $61k, the trend now is bullish, but we still need to be careful because the bearish trend will come after this, even if that is a little down.

I don't think this is ALL because Elon did a tweet again but we can't leave the possibility that it fuels the market to hype. Maybe we are thankful to him for this and we have to take this opportunity as well to make a sell coz I believe that this will never last for long and it drops again. I'm not discouraging people to still hold but I was giving some hints that not all the time we are in hypes, it sometimes goes down. While we have at this Bullrun, it is the wisest thing to sell some of our Bitcoins.

^ Thought price was going up because of stimulus approved. We saw what happened the last time the US government put money in the hands of people, a lot of cheques went straight to Coinbase. People would have been envious of those who did it at the time, don't see why this latest round of cash won't also go right into Bitcoin, maybe even more this time.

Not to ignore the potential effect of ETFs, it's just that guys like MicroStrategy themselves are admitting that they're aggressively seeking out alternatives to getting more Bitcoin. They're not sitting around for ETFs.

if btc could range for a months or 2, that would be great for the alts... :)

sell it or not, it's up to you, make the best choice for yourself...
If you are working to earn Bitcoin and you are living on Bitcoin then selling it now is a good opportunity but if you are not living off Bitcoin and choose Bitcoin as your future investment then Hodl is a wise decision.

Well, that is right --it was already repeated the last bull run in the past but the price did not down as we have experienced in the past, right after the bull we experienced a massive down price that almost in the bottom and that is impossible to repeat. We that there is no a continued growth of bitcoin and anytime it will down but I fell it that this time it won't happen. We have many investors from institutional to individual big names who invested a lot, we are not in a hype. Perhaps, the $100k is on our way and a strong hand will always have benefits during the price spike.

Yes, it didn't go down and I don't see it as a problem and neither a negative thing. But if what you're saying is that impossible to be seen is the bear market that has followed after the bull run, it is not impossible. Remember that bitcoin is volatile.

Anything can happen just as it is today that from $61k, went a bit to $55k to $56k. I'm not bearish but I'm only telling you that all of the possibilities, negative or positive are possible.

A series of price thresholds that people often perceive as "bitcoin bubble" have been broken with a series of new ATH records.  $ 61k was formed last week and in this week's correction, at the price level where bitcoin overcame all challenges, fuded all the rumors, fuds convincingly.  In my opinion, the value of bitcoin will be in the moon phase and it will continue to be driven by a trillion dollar asset, it will still have the incentive to create the next ATH masterpiece.

The correction will come.. Yes, no coins will always pump, but you must know that we will continue to rise if the chart repeated, this bullish season until the end of the years, so don't fear about buying crypto, buying today or tomorrow is doesn't matter, our main target is clear.. End of years

If people sell their Bitcoin, sooner or later they will regret their decision. My asset once reached 2 bitcoins and I sold it, if I still hold it until now, I will be so happy, but..."I must strong and stop regret about the past" I mean even if people sell their Bitcoin and get profits, they will regret it, because the price will continue to increase. So hold is the right step

We'll know the new all time high until the bear market sets in and until we finish the year, the market keeps setting up milestone and keeps moving up, the ride still continues, there are people predicting it will go higher than $100k but that's still to be seen, we must take this opportunity to make profit because nothing last forever.

We are still in March, barely reaching the 1st quarter of this year. And that is why a lot of speculators are still predicting that $100k will come this year. So the latest high at $61k could be easily broken this year or even this month.

And that is why this year is really interesting, enjoying the bull run, but we all know that the bearish trend might come though. Bitcoin can't go parabolic like this, so it's better to take this opportunity and make profit and then leave something for the worst, just saying.

Those maybe one of the reason why bitcoin remains in a bullish trend up until now but i think bitcoin can make it where it was now it's because of its blockchain. But yeah to be honest, investors, traders or simply we the people and the community that believes in bitcoin was the top reason why bitcoin was still in the bullish trend.


Yes we are still in March, 1st quarter of the year and if we look back at the time of christmas season year 2020 we are waiting for an ATH which reached $22,000 and now it has a $54,000 so we can definitely announced that bitcoin was record breaking on its own ATH.