When the all time high gets smashed

[afbitcoins]

Bitcoin is smashing its way to new all time highs!  

(And many here will be happy to also note a bloodbath in the alts today)

Heres a 1 hour log chart, in which I can see break out above the channel I've followed for ages.



Although there was resistance, it was not as much as I expected. Does this mean bitcoin is going to go rampaging finally to its next huge bubble, making the old all time high look like a little bump?  

On longer timescale it doesn't yet look like a confirmed breakout..



The top of this channel has had a couple of brief spikes above it before. This is exciting for definite, but with unresolved decisions about scaling I'm not sure yet. Still bitcoin is already surprising me so far and who know how far it can continue now?

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[secdark]

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

[arwin100]

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

In addition japans adoption is totally a big help for this current increased and surely the satisfactory ratings for it will remain at positive stance. So if this matter will still up then speculation of its another price  breakthrough will be achieve later on following years we should hold  and stand positive for now so that we will not be left by those  thousands of people who have been happy for the profit they've get on this current surge.

[AngelSky]

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

In addition japans adoption is totally a big help for this current increased and surely the satisfactory ratings for it will remain at positive stance. So if this matter will still up then speculation of its another price  breakthrough will be achieve later on following years we should hold  and stand positive for now so that we will not be left by those  thousands of people who have been happy for the profit they've get on this current surge.

After Japanese Government adopted bitcoin price is increased and touched the next peak value. I hope they only have world's most number of Exchanges available with them. Even I happy with this price pump but many signature campaigns and project holders reduced their stack value and their payment in btc as well.

[rajasumi3]

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

[Xetamin]

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

[afbitcoins]

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

Maybe it will last for some time, compared to other big bitcoin bull runs in the past this one seems more gradual, although it looks like a correction is in progress just now

[afbitcoins]

Crazy big green candles

[afbitcoins]

Next resistance at $17000 ?




edit: Replaced image with another version scaled to fit screen better.

[Junko]

All this has happened before and will happen again... again... again... again...

https://www.youtube.com/watch?v=6bOy3RNyWME&ab_channel=MikeSchatz

[shinratensei_]

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

Maybe it will last for some time, compared to other big bitcoin bull runs in the past this one seems more gradual, although it looks like a correction is in progress just now

There is no correction right now. The straight line for the bullish trend. My prediction if there will be a good news and it just keeps the price will pump more and more.

The SegWit agreement combined with hardfork plan for six months later.
It looks the blocksize increase to 2MB is real.

I'm speculation the price will touch $3000 in the future, at least before the SegWit will have implemented in the future.

[spazzdla]

Is that a target of 17k my fine super saiyan friend, well I like it.

It would seem the longer the dip the harder the bump.. strap in.

[hector3115]

Next resistance at $17000 ?

I think thats my favorite chart of the hundreds that Ive seen uploaded to trading view!

You're sitting at 1 mil before the 2020 halving!

Seems crazy but who the fuck knows?  If the elite starts getting FOMO it's over.

[afbitcoins]

Next resistance at $17000 ?

*snip*

I think thats my favorite chart of the hundreds that Ive seen uploaded to trading view!

You're sitting at 1 mil before the 2020 halving!

Seems crazy but who the fuck knows?  If the elite starts getting FOMO it's over.

Thanks for great compliment. I enjoy making ultra bullish predictions. sometimes they do happen. Who the fuck knows indeed.  I remember way back calling for $500 bitcoin was viewed as crazy by some.  

That channel is real and includes data as far back as early MtGox days, the 'predictions' on the end are a bit of fun. In reality I don't think bitcoin is very likely to get as high as 17K before next big crash. But it could 

[YuginKadoya]

I am looking at the charts and chart after chart there is an improvement on the price of bitcoin and I think it will still goes up after Japan has solidify bitcoin in their country and in 2018 Russia will be the next in accepting bitcoin for investment, transaction and security purpose I think it will hit a $3000 mark within the mid of june if it would still continued to step up forward.

[digaran]

I wish I was around when price was under $20 however even now with $2600 if I had cash at my disposal I'd invested 40% of it and not more in to Bitcoin. I can predict $3600 in next 2 months maybe? I now realize that hodling is not always good rather putting the money in to work by trading actively is much more profitable but riskier at the same time.

[afbitcoins]

Just thought I'd bump my old all time high smashed thread to celebrate the new highs.

Above $6000 now, bitcoin was barely above $1000 when I started it

On this log chart, bitcoin still looks quite happily entrenched in its bullish channel

[nightrider]

A view of bitcoin all time highs being smashed

Here is what bitcoin looked like at one time at the start of 2013. Bitcoin all time high was around 32$ a bubble peak and after a huge correction the price had recovered enough to get close to that old bubble top.



Shortly after that it looked like this.



The all time high was smashed! The old all time high now looking like a shrivelled little bump.

Bitcoin found itself in a very similar formation not long after but at a much higher price level, this time the all time high was at about $260. Bitcoin at the time had recovered from the Silk Road Seizure and was once again close to an all time high.



Shortly after that it looked like this.



Again bitcoin proved the doubters wrong and the all time high was smashed!


Heres todays chart, once again the old all time high dominates but somehow bitcoin has recovered to challenge that old high



Who knows what happens next ??  

Edit:

As of end of October 2017, now looking like this

I'm not impressed, and I think it's normal. Do not overdo it.

[afbitcoins]

I'm not impressed, and I think it's normal. Do not overdo it.

Not impressed, with what? It's normal... what is? Overdo what?

lol I don't understand your comment. I can have a guess though.

Not impressed that bitcoin smashing its old high looks like the other times. Its normal, as in bitcoin won't crash this time. Its the new normal? Don't overdo it, I have an implication price will fall after it hits a peak?