BITCOIN AT 63K. What should we expect moving forward?

[darkangel11]

Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions.

Really? Are you excited by bitcoin being 10% down from its ATH? Is that it? I see it as a day like any other, but maybe for some people, specially those who bought in the recent dip at 58k it's something to celebrate.

Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.

Will that make you buy? Let's say it's over, will you go all in right now because of that? It might be over for now, but it doesn't mean you'll see a new ATH this year.
What if it's not? Will you sell all your bitcoin? What if it's not over, it will go down to 55k and then jump back to $70k? Will you catch that dip?
IMO both your answers to these questions are no.

[HideYourKeys]

After the latest news related to the FED meeting, and having US elections by the end of the year, I guess it is quite likely to go up during the next months

[Yatsan]

Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.

Not so fast.
The volume and demand aren't that high to support a continuous price increase so I guess another correction may take place. Mid to high volatility can be observed in the market right now and I am choosing to wait for further market confirmation. If its market value will be able to break $64.7k today, then there's a chance for its price to continue reaching $70k mark once again. It is still too early for bullrun to happen because its just been weeks after the halving. Investors basically took profit of their holdings which triggered a deep decline on its market value. Chances are high that it will be able to recover but if it is surpassing the ATH this month, is still not possible at this moment.

[electronicash]

After the latest news related to the FED meeting, and having US elections by the end of the year, I guess it is quite likely to go up during the next months

it may seem like a quick bounce but we were actually going down for several weeks since 70k +. i couldn't really say we are going back up to $70k again. but that FED meeting does set up the stage because no hike was announced.

if we go straight to win big and break that resistance in 74k i guess the halving is taking effect already and it's breaking the golden ratio rule.  i like it when it hits those who expect a lower price and then suddenly leave them behind. 

[Slow death]

in my opinion the price could continue to rise up to $71,000 - $73,000 if there is no bad news like the bad news we had about the war in Iran and Israel and then the news came about the arrest of the founder of Binance which in a certain way way was no longer big news, but people still thought that he could reach some agreement that wouldn't lead to prison, so the news that he was sentenced to 4 months in prison made people get very scared and started to panic selling for a few days until they realize they have no reason to be worried



looking at the daily chart, in my opinion the price is stagnant in that zone of 60,000$ - 73,000$, it may have dropped for a few short days below 60,000$, but it immediately recovered, but it will not go above 73,000$ anytime soon, it will remain in this zone of $60,000 - $73,000 for some time, if we had a scenario ready to break $73,000 we would be seeing the price rising very quickly, but what I am seeing is that it quickly recovered and is rising little by little and will remain stuck in this $60,000 - $73,000 zone for a long time

[STT]

63k is only the first rung on the ladder and we're holding on with one hand still, its easy to slip at this point.  The negative decline remains intact until proven otherwise, we are above the weekly average so perhaps it is fair to say what now a new ATH but I think we have battles ahead still.

67.3k is the next point to overcome, reason being it is the lower high in a series of descent and we have to break the pattern to decide we are able to make a new one, a bullish move.  The most simple rule is we are set to repeat what we have already started so I only mean to assume that much.  

[BALIK]

No one knows whether bitcoin will continue to rise or fall again, and expectations will vary depending on each investor.

Right now, what I'm seeing is a faction that is expecting bitcoin to continue to move higher, and it's not too difficult to predict that these people have bought bitcoin at a higher price or they've bought enough bitcoin for themselves. Meanwhile, one side still expects bitcoin to plummet to $40,000 again so they can accumulate a large amount of bitcoin at a cheaper price.

It can be seen that the bulls and bears are still fighting fiercely, which side you choose depends on your investment portfolio. For me, I expect bitcoin to continue its recovery and enter its biggest bull run ever.

[mich]

Well we do not know where the price of Bitcoin is going to go to. Bitcoin price of 63k is not a price I did think it would be after the halving we just did.
But this is not something we need to be concerned for. I do think we are still going to see a big 'bull run' before the end of the year. I do not think we are going to see price of 100k for each Bitcoin but the new all time high I think will happen.

[aoluain]

Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions.

Really? Are you excited by bitcoin being 10% down from its ATH? Is that it? I see it as a day like any other, but maybe for some people, specially those who bought in the recent dip at 58k it's something to celebrate.

I would be with Iamcrypticguy on the outlook and generally of a view of the
'Glass half full". I would rather see the market rise than fall further from where it was.

It might be 10% down on the ATH but its now about 8% closer than it was before this
thread.

Well we do not know where the price of Bitcoin is going to go to. Bitcoin price of 63k is not a price I did think it would be after the halving we just did.
But this is not something we need to be concerned for. I do think we are still going to see a big 'bull run' before the end of the year. I do not think we are going to see price of 100k for each Bitcoin but the new all time high I think will happen.

The previous halvings showed that directly after the event the market falls and then
recovers to break the ATH. I expected this to happen which I'm sure others did too.

[rodskee]

Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions.

we all woke up with this high price from bitcoin in which I believe something that we are not expecting
and yeah we are all excited .

Is the retracment over?

not sure but Hoping ti is over because we have been seeing the market moving differently from
what we are expecting.

Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.

we are expecting this to happen this year but I don't think it will come any time soon?

[poodle63]

i guess don't get too much hopes in this month probably until late third quarter of this year, we're still trying hard to keep the price above $60k even now.

the ETF approval of hongkong which deemed disappointing by some people despite instead the news of ETF hongkong released at the same time with price decling it doesn't mean that its a bad thing, instead it iwll helkp strengthen the foundation of BTC reaching the newer highs.
probably i'd just try to buy the dips at this price, no time better to invest than when there's sudden flash dump and also might as well try to wait until end of the year and see how much the price has changed.
i'm pretty confident with my portfolio right now, there's only one way for accumulation of wealth and that is buying bitcoin more and more.

[GreatArkansas]

Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.

It's really difficult to say it especially since we already fell below $60,000 recently and just bounced up to $65,000.

So for me, it's better to wait again. If we break $70,000. I can say we will able to create a new all-time high if below $60,000 first, that's difficult.