BTC staying above $67,000, will it reach all time high?

[kentrolla]

Previous cycles, the market takes Bitcoin about 9 months or 1 year after its halving to jump to a Euphoria phase.

The problem is that most people don't understand this. Most are experiencing a halving for the first time and they have refused to study and see how bitcoin performed in other halving. The halving was sold to them as a time when the price rises and gets to a new ATH, they were never told how long that might take to happen. Many people believed it would be immediately after the halving. Another thing that fueled this belief was how Bitcoin performed a few weeks before the halving. We saw bitcoin go from around 50k to 70k in days if I'm not mistaken, so they believed the halving would be like that too.

I've always advised people to take a look at bitcoin price history over the years, see how bitcoin reacted to various events and you'll have an idea of how bitcoin price would react now. It may not be spot-on accurate, but like I said, it will give you an idea.

Not sure how people in masses can buy the idea of bullrun immediately after halving without looking at historical data because it's quite evident that usually it takes around a year post halving for bull run and people jumped in assuming bull run will start immediately after halving and getting panicked for minor fluctuations.

[kamvreto]

Previous cycles, the market takes Bitcoin about 9 months or 1 year after its halving to jump to a Euphoria phase.

The problem is that most people don't understand this. Most are experiencing a halving for the first time and they have refused to study and see how bitcoin performed in other halving. The halving was sold to them as a time when the price rises and gets to a new ATH, they were never told how long that might take to happen. Many people believed it would be immediately after the halving. Another thing that fueled this belief was how Bitcoin performed a few weeks before the halving. We saw bitcoin go from around 50k to 70k in days if I'm not mistaken, so they believed the halving would be like that too.

I've always advised people to take a look at bitcoin price history over the years, see how bitcoin reacted to various events and you'll have an idea of how bitcoin price would react now. It may not be spot-on accurate, but like I said, it will give you an idea.

Not sure how people in masses can buy the idea of bullrun immediately after halving without looking at historical data because it's quite evident that usually it takes around a year post halving for bull run and people jumped in assuming bull run will start immediately after halving and getting panicked for minor fluctuations.

Chances are they didn't follow how the market trended after the halving happened. It's important to have money in reserve when you expected a bullrun but crashes happen. Rebuying will save our assets from staying afloat at lower prices with increasing profits. Bullrun will arrive soon and make a repurchase when the opportunity is still there as it is now. The market will not wait for anyone to be ready, all must be aware of the market conditions that will occur.

[enwi]

Previous cycles, the market takes Bitcoin about 9 months or 1 year after its halving to jump to a Euphoria phase.

The problem is that most people don't understand this. Most are experiencing a halving for the first time and they have refused to study and see how bitcoin performed in other halving. The halving was sold to them as a time when the price rises and gets to a new ATH, they were never told how long that might take to happen. Many people believed it would be immediately after the halving. Another thing that fueled this belief was how Bitcoin performed a few weeks before the halving. We saw bitcoin go from around 50k to 70k in days if I'm not mistaken, so they believed the halving would be like that too.

I've always advised people to take a look at bitcoin price history over the years, see how bitcoin reacted to various events and you'll have an idea of how bitcoin price would react now. It may not be spot-on accurate, but like I said, it will give you an idea.

Not sure how people in masses can buy the idea of bullrun immediately after halving without looking at historical data because it's quite evident that usually it takes around a year post halving for bull run and people jumped in assuming bull run will start immediately after halving and getting panicked for minor fluctuations.

Exactly, according to the content of my thoughts, I also really believe that one year after the halving there will be a very short bullrun and make altcoin prices return to a fairly high price increase. We must be able to maximize moments like this to make huge profits. We have to buy coins first when prices are cheap like now. When the price rises in the altcoin season, we can sell and withdraw the profit we have made.

[Yaunfitda]

Previous cycles, the market takes Bitcoin about 9 months or 1 year after its halving to jump to a Euphoria phase.

The problem is that most people don't understand this. Most are experiencing a halving for the first time and they have refused to study and see how bitcoin performed in other halving. The halving was sold to them as a time when the price rises and gets to a new ATH, they were never told how long that might take to happen. Many people believed it would be immediately after the halving. Another thing that fueled this belief was how Bitcoin performed a few weeks before the halving. We saw bitcoin go from around 50k to 70k in days if I'm not mistaken, so they believed the halving would be like that too.

I've always advised people to take a look at bitcoin price history over the years, see how bitcoin reacted to various events and you'll have an idea of how bitcoin price would react now. It may not be spot-on accurate, but like I said, it will give you an idea.

Not sure how people in masses can buy the idea of bullrun immediately after halving without looking at historical data because it's quite evident that usually it takes around a year post halving for bull run and people jumped in assuming bull run will start immediately after halving and getting panicked for minor fluctuations.

Exactly, according to the content of my thoughts, I also really believe that one year after the halving there will be a very short bullrun and make altcoin prices return to a fairly high price increase. We must be able to maximize moments like this to make huge profits. We have to buy coins first when prices are cheap like now. When the price rises in the altcoin season, we can sell and withdraw the profit we have made.

After a year, Bitcoin market could be huge though as we might be on a parabolic rise by that time. And so I think we shouldn't wait till a year, for me the best gauge will be at least at the end of the year and then see how it goes for us. Market is very volatile, that is a given fact already, however, since we are in a bull run, it's just a matter of time before we can see this big increased. Even before the halving, we have reach new all time high at $73k. Currently, after the halving, the biggest jump is $71k. But we should wait and look and the bigger picture here. Majority here thinks that the price will go and hit more than $100k this bull run. So just need to have patience here, but we can still accumulate and be ready to what the market will bring in 2025.

[Eternad]

Exactly, according to the content of my thoughts, I also really believe that one year after the halving there will be a very short bullrun and make altcoin prices return to a fairly high price increase. We must be able to maximize moments like this to make huge profits. We have to buy coins first when prices are cheap like now. When the price rises in the altcoin season, we can sell and withdraw the profit we have made.

Imho the current price of altcoins is still high since it’s close to the ATH. I’m not sure what kind of high price you are looking for on the next bullrun but altcoins market need a lot of fresh money just to pump the current price to the new heights since there’s still no major price pull back after the ATH because Bitcoin still never experienced this major correction until now.

Price should correct harder for altcoin before it can move forward above its ATH or else it just stagnant when Bitcoin is already pumping or it will correct hard since Bitcoin dominance will just increase that time.

[Yatsan]

Yes, most likely. The resistance simply tells that there's more to hope for. The decline is possibly due to big investors who took profit given that $72k barrier is still there. Good thing that retail investors did not do the same thing 'coz crash would be bigger. There could be another decline but personally I won't be too worried of it. We saw how low its market value fell , multiple times and it always recover; it is just waiting for a period of time which is a must if you want to make profit in this cycle. If it is with the new all time high, I'm guessing it will reach $100k this time because it is how high expectations are even with previous bullrun. Eitherway, for now it is investing more or just holding with what's on your portfolio. We are still on the accumulation area and anything can just happen in an instant.

[rhodelmabanal]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price



If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Read full analysis......
https://www.cryptocrit.xyz/2024/05/Crypto-analysis-BTC.html

I believe it will reach a new ATH, it may fall but the bitcoin will always back and rise more than the percentage of its price that drop. Example it will drop 10% today and in the next week it will rise up 15%,this is why bitcoin is the most amazing coin because it will always bounce after the dip and if you hold and believe on it you will surely earn.

[bitgolden]

We have seen under 60k this month, and we have seen nearly 72k this month too, the lowest point of the money and the highest point of the money has a 13-14k difference, which is nearly quarter of where we are, that's nearly 25% difference and that should be quite obvious that it takes people time to realize but not that much.

I believe that we are going to see all time high quite soon, we are nearly at 70k these days and I believe that as long as we keep it going, we should not have trouble going higher, it will definitely reach those levels. This will not be all that simple or easy, but it will be possible for sure. I think it's clear that reaching to a point where we could make some money with it, is quite soon and we should hold for a while longer.

[South Park]

We have seen under 60k this month, and we have seen nearly 72k this month too, the lowest point of the money and the highest point of the money has a 13-14k difference, which is nearly quarter of where we are, that's nearly 25% difference and that should be quite obvious that it takes people time to realize but not that much.

I believe that we are going to see all time high quite soon, we are nearly at 70k these days and I believe that as long as we keep it going, we should not have trouble going higher, it will definitely reach those levels. This will not be all that simple or easy, but it will be possible for sure. I think it's clear that reaching to a point where we could make some money with it, is quite soon and we should hold for a while longer.

At the end there is no reason to wish for the price of bitcoin to get to another ATH so soon, we know bitcoin is already experimenting a bull run and that such a low ATH will be surpassed at some point, what we need to do is to take advantage of the situation and buy the bitcoin that we can, and for those engaging in such a strategy, it is way better if the price of bitcoin remained stagnant for a long period of time, so they can buy more bitcoin for a relatively low price.

[btc_angela]

We have seen under 60k this month, and we have seen nearly 72k this month too, the lowest point of the money and the highest point of the money has a 13-14k difference, which is nearly quarter of where we are, that's nearly 25% difference and that should be quite obvious that it takes people time to realize but not that much.

$57k to be exact, I think that is the lowest price post-halving, and then we go up to $71k during the Pizza day or week and I think that news was the hype that pushes the price and we think that we will get to a new all-time high, but it didn't materialized.

I believe that we are going to see all time high quite soon, we are nearly at 70k these days and I believe that as long as we keep it going, we should not have trouble going higher, it will definitely reach those levels. This will not be all that simple or easy, but it will be possible for sure. I think it's clear that reaching to a point where we could make some money with it, is quite soon and we should hold for a while longer.

And as of this writing, the price goes down to $67k again, so that thread is somewhat relevant. And we might be in some consolidation phase, and I'm seeing that since we are at the end of the month, there will be no big movement to reach at least $70k. But in a larger context, we are in a bull run, so significant shifts are bound to happen soon, new all time high at 6 digit.

[tengui]

If you look at the longer market situation the Bitcoin price has been stable for quite a long time in the $60k-$70k range. This is indeed a little strange and different from previous halvings because at this halving moment the price of bitcoin tends to be stable. if this situation does not change it is certain that $73k is the ATH for this year, and if the market can recover then reaching $100k is wide open.

[AmoreJaz]

If you look at the longer market situation the Bitcoin price has been stable for quite a long time in the $60k-$70k range. This is indeed a little strange and different from previous halvings because at this halving moment the price of bitcoin tends to be stable. if this situation does not change it is certain that $73k is the ATH for this year, and if the market can recover then reaching $100k is wide open.

We are not even half of this year yet, so it is too early to say that $73k is the ATH for this year. Do remember, in crypto market, one month is like a long period of time already. So don't get too confident that the price level will stay in the 60-70k range only. We have a lot of things going on in the next coming months.

But the more than $65k level of btc is actually great already. If we will maintain this range, it will be the year that we have experienced this level for much longer duration. In the coming months, I would say, it can easily progress to a much higher level, which is above $70k.

[STT]

BTC last did this at March start before exceeding this area and making a new ATH.  But it didnt hold that high and repeated its range bound prcing for some months.   I wont believe its done anything new until we exceed and then confirm this area as the low in a definitive way with volume.   

[TravelMug]

BTC last did this at March start before exceeding this area and making a new ATH.  But it didnt hold that high and repeated its range bound prcing for some months.   I wont believe its done anything new until we exceed and then confirm this area as the low in a definitive way with volume.   

And just like that, we have a movement today, as it breaches $69k as I type this message, meaning that this month could be a great start and we might reach $70k++ again or at the start of the last half of the year, there could be movement to reach new all time high. And just like start of any month, it will be exciting again and hopefully we can breach $70k and see how it goes. And if that happens, then it will be the second time post halving. As per my experience, usually breaking round numbers is hard and it might take 2 or 3 times before we can get over that hump. And volume looks good at the start of the month, so another good sign for us.

[South Park]

BTC last did this at March start before exceeding this area and making a new ATH.  But it didnt hold that high and repeated its range bound prcing for some months.   I wont believe its done anything new until we exceed and then confirm this area as the low in a definitive way with volume.   

And just like that, we have a movement today, as it breaches $69k as I type this message, meaning that this month could be a great start and we might reach $70k++ again or at the start of the last half of the year, there could be movement to reach new all time high. And just like start of any month, it will be exciting again and hopefully we can breach $70k and see how it goes. And if that happens, then it will be the second time post halving. As per my experience, usually breaking round numbers is hard and it might take 2 or 3 times before we can get over that hump. And volume looks good at the start of the month, so another good sign for us.

The way bitcoin started this month is without a doubt a good sign for things to come, after all we are only 2.6k away from another ATH, and I think we have all witnessed bitcoin making moves like that in a matter of hours, so as long as we remain that close to it, the possibility of breaking the previous ATH will always be there, however while I am optimistic this could happen during this month, bitcoin has deceived me before and it would not surprise me if instead this was a process that it took months to materialize.