Bitcoin price has reached new high price near 59K

[arufox]

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

Where the drop gradually?? Bitcoin keeps increasing and now reaches $63 and I'm positive we are will see Bitcoin reach $70K in the near.
Stop to think Bitcoin will drop or dump or anything, No. This year is the time of Bitcoin keep growing. So I hope you don't miss it

Oh, btw Current price is $63K and this the new ATH, you can lock your thread because not relevant anymore

[Silberman]

While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.

Where the drop gradually?? Bitcoin keeps increasing and now reaches $63 and I'm positive we are will see Bitcoin reach $70K in the near.
Stop to think Bitcoin will drop or dump or anything, No. This year is the time of Bitcoin keep growing. So I hope you don't miss it

Oh, btw Current price is $63K and this the new ATH, you can lock your thread because not relevant anymore

We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.

[$crypto$]

~

what you say may or may not be true, if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.

then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.

Of course, no one can predict the exact month, but you have to remember that we are gauging all time high not in months but the whole cycle year. That's why we have indicators like year-to-year, so we might have to look at the end price this year. And just like previous cycles bull run, it usually December that we saw a big growth, just like year alone, we surpasses and created a higher high for 2020, and then this year, it will be all time high again.

We often see the history before in the month of December, usually the right moment, it can be said that the price started high, but indeed in this cycle it cannot be completely correct because of the conditions and what about the trend I saw before in December it will be month right.

I saw that before 2020 at the end of the year bitcoin experienced a quite drastic increase, then with many trends emerging and also some institutions that are adopting more, I am sure that everything can change in this case, including the price will get higher with the cycle that occurs.

[tygeade]

We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.

I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.

[TravelMug]

We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.

I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

Yes, this is the next big psychological numbers for more speculators so hitting $70k in the next coming weeks might trigger another dip. But it will be just minor though, I'm not expecting a huge dump.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.

You can get big profits as long as you have timed the market. So for bitcoin investors, they don't want to dig their hands on altcoins because of that. They say that bitcoin is volatile, but I would say that altcoin market is more volatile because of the pump and dump scheme.

[Silberman]

We were very close to reach 65k as a new all time high, this should show us that bitcoin is always going to surpass our expectations, however we cannot deny that now the altcoin market is giving greater profits than bitcoin however even after the current growth that those coins are going through they are still underperforming against bitcoin and I do not think this is going to change because even with the current surge in their popularity institutional investors still do not care about those coins.

I'm expecting to be testing $70k as next milestone before we will be seeing any possible correction. Because, I'm sure some institutional funds are entering into bitcoin market and this is the reason we are currently holding strongly above $62k price levels. Also I read miners started to hold rather than selling mining rewards time to time to cover their expenses.

I do not agree that altcoins are getting us bigger profits because there are many altcoins are there and we cannot be sure about to invest on which one. But, if we are good at finding the right one then we can enjoy greater profits in short run but bitcoin is good in getting us steady profits in long run. So, I guess comparing bitcoin against altcoins in terms of return is not making that sense.

To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.

[fullhdpixel]

To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.

But, never need to worry on these kinds of corrections and your probable reason of getting liquidated in leverage market definitely a reasonable one and this is why we never need to concern of getting to $55k region suddenly from $60k levels; just part of every market and bitcoin may bounce back at any time soon.

And in my opinion also, dominance in marketcap is just another number that most people are considering to compare and to take investment decision but honestly it is not having any economic value. I do never consider about dominance of bitcoin market and where it is heading.

[Silberman]

To me the numbers never lie, the bitcoin dominance has been slowly falling over the last months and it is barely above 50% this means that overall altcoins have been more profitable during that time, also bitcoin once again surpassed our expectations and now it is trading for a price of 55k, I really think that some people were caught using leverage by the bears and this create a domino effect and that is what created such an important drop in the price.

But, never need to worry on these kinds of corrections and your probable reason of getting liquidated in leverage market definitely a reasonable one and this is why we never need to concern of getting to $55k region suddenly from $60k levels; just part of every market and bitcoin may bounce back at any time soon.

And in my opinion also, dominance in marketcap is just another number that most people are considering to compare and to take investment decision but honestly it is not having any economic value. I do never consider about dominance of bitcoin market and where it is heading.

I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.

[beerlover]

I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.

Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.

[Silberman]

I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.

Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.

As you may guess I cannot predict the future with this, it is just a way to use one indicator and try to understand more clearly what it is happening with the market, if there was a single indicator that could predict what the market was going to do someone would have found it by now, but then as everyone began using such indicator it will begin to lose its edge as everyone begins to move in the same way which is why I do not have a problem with other people having a different vision of the market.