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Author Topic: What will happen to Bitcoin after making new ATH?  (Read 222 times)
Em00n01 (OP)
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November 24, 2020, 01:47:05 PM
 #1

Bitcoin is Just 500 Dollars away from creating a new All-Time-High 😍🚀🚀

What will happen after making new ATH? What do you think? Express your view.
jademaxxiss012
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November 24, 2020, 01:54:04 PM
 #2

I think more than 500$ but that is a few pump already to create another breaking record for bitcoin. This is my first time to anticipate and to always check bitcoin market price for I am here in the forum in 2018 and not had been witness this kind of event. A huge event actually and not so bless knowing that I did not take part in investing bitcoin. So sad actually but I think it is wonderful and I can think of other that will going to profit well in their bitcoin investment.
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November 24, 2020, 02:41:19 PM
 #3

Bitcoin is Just 500 Dollars away from creating a new All-Time-High 😍🚀🚀

What will happen after making new ATH?
Whether Bitcoin reaches its 2017 all time high or sets up a new all time high in history. After that, Black Friday to come in crypto market. Believe it or not, Black Friday to come and you should prepare your spare capital for shopping.

The coming flash rise will come from liquidations of short orders, not from demand and supply. When effects of liquidations go away, flash crash will occur or worse Cascade effects can occur on big exchanges for leverage trades.

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DooMAD
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November 24, 2020, 03:02:00 PM
 #4

Fundamentally, nothing will change with Bitcoin itself.  The network will find another block in approximately 10 minutes.  Everything continues as it currently does.

It's the people who change.  They lose their minds a bit.  Plenty of hype and commotion.  An increase in the quantity of bold proclamations, wild guesswork and ludicrous theories.  Nothing we haven't seen before.
concept2
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November 24, 2020, 03:15:07 PM
 #5

It is hard to anticipate how bitcoin is sfter making new ATH.

In my opinion, bitcoin will continue to grow as strong as it is, according to my analys. News and other factors are supporting bitcoin at the moment. Gold is droping right now and people are putting their money in this cryptocurrency. They are quite optimistic about the price of bitcoin

But as you know, everything can happen to bitcoin. A big correction can occur and people might lose a huge amount of money in this event
BALIK
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November 24, 2020, 03:24:47 PM
 #6

If BTC reaches 20K either today, or by the end of the week I think that would be the beginning of a new bull run. There are speculations that once at 20K there wouldn't be any resistance and it will be an uptrend from there.

On a side to this if BTC manages to break through 20K then there are arguments that even if it goes down afterwards the fact that it reached it would mean that it would be reached again, much sooner. More like how we have it hanging around at ~18K. In this case, 20K would be the new 18K.

BrewMaster
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November 24, 2020, 03:27:20 PM
 #7

immediately after reaching the ATH there will probably be a correction as there are many people who have that as their "sell target" for reasons that i never understand.

then after a while when the correction was done and these people were out, we will see the rise continue and a very similar pattern to January 2017 will start as price keeps setting new records every month at while the space between the two records keep decreasing until we reach a bubble probably by the end of 2021 near $500k.

There is a FOMO brewing...
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November 24, 2020, 03:38:00 PM
 #8

I'd never expected that the situation goes into somewhat surprising and we are near to reach $20k. But, a sort of warns that after this ATH market correction will follow next. I know it can't be sure but what we have seen in the past years usually dumps had to start. I'm still holding some of my Bitcoin but I have to sell this if the course will change and going down. I was preparing for the moment coz I know that it will come sooner, I would not like to miss it again.
imstillthebest
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November 24, 2020, 03:52:01 PM
 #9

I don't want Bitcoin to go down but I think once it settled on its new all time high  the price can be go down after that because I believe that many people have waited for btc to reach its new ath before they sold out but except maybe to those big time hodlers like whales and institutions or companies but this event will make them more excited and they definitely gonna buy more .
By the time 20k was reached , thats the time for people to think of other higher numbers that they are going to use when speculating
ene1980
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November 24, 2020, 03:59:26 PM
 #10

Bitcoin is Just 500 Dollars away from creating a new All-Time-High 😍🚀🚀

What will happen after making new ATH? What do you think? Express your view.
There is nothing much to say, the price is rallying well before what i expected and i am not that happy because i was not able to execute my plans because of the circumstance i was under due to my health situation and before that the pandemic and scared me because i was not sure what will happen to my job and it was a shitty experience but in totality i am happy to see that big investment are pouring into bitcoin.
BIN-BIN
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November 24, 2020, 04:06:22 PM
 #11

To me bitcoin has no all time high as it has the ability to raise above any amount and if at any moment it beats it ATH then it will be in record am certain bitcoin is going to surprise many of us this time.
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November 24, 2020, 04:24:02 PM
 #12

It just continues to exist, just like it did 3 years ago. Also, big news outlets would surely cover this story again and would set a new trend in searches for bitcoin and crytpto, leading to a new hype and FOMO for the newbies until such time that people will sell since they already made so much profit, and the cycle continues again. A new ATH is a milestone and sometimes signifies higher highs and higher lows for the most part, so we might see some good floor price even if this thing bursts today—of course, that is if we surpass $20k+ for this current run.
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November 24, 2020, 04:38:55 PM
 #13

It will pull back to 14-16k and consolidate for a few months then.. I hope you have your moon boots ready. We might see a quick pop to 22k but a pull back is in the winds.
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November 24, 2020, 04:45:56 PM
Last edit: November 24, 2020, 05:59:46 PM by Rikafip
 #14

Let me consult with my crystal ball Cheesy

Joke aside, I think that bitcoin might just keep going up for a while after we reach new all time high. Reason is simple: everyone expects correction right after we reach that, and exactly because of that I expect bitcoin to go on. Another thing, similar thing happened at the end of 2016/beginning of 2017 so some think it will happen again. People will start shorting more and more and whales will just liquidate those. At least for some time, as we will see correction eventually, people will want to take the profit

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wack slacker
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November 24, 2020, 04:51:52 PM
 #15

Bitcoin is rising in price too fast in the past month with a gain of more than 50%. A bearish correction will happen whether we want it to happen or not. New ATH for Bitcoin happens, probably this week but I don't think that will be any good. People are holding more altcoins, and it's time to be careful of market reversals. The best time is to take a profit and wait for the next movements of the market. When we're most excited is also when the worst is about to happen.
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November 24, 2020, 05:05:18 PM
 #16

BTC will probably create a typical cup & handle pattern (ie. it should correct a bit when arriving around the old ATH and then skyrocket 🚀🚀🚀🚀🚀🚀 Grin ).
What a run guys!!!!
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November 24, 2020, 06:43:10 PM
 #17

What will happen after making new ATH? What do you think? Express your view.


It will be the beginning of the end of everything we know.
But, there is still time. Redeem yourself! The end is near... Grin

S_crypto
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November 24, 2020, 07:29:32 PM
 #18

I'm getting a bit anxious ... In theory it should make the handle of the cup, but I am not sure if it is better to take some profits now or wait. It may even just blast through and keep going   Roll Eyes
Maybe I should try one of those https://relixiy.co.uk/ ... a friend just told me to get one to calm down before to make some mistake  Undecided
Or probably I should just hold and ride this out without trying to trade it. In any case long term it will go much much higher!
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November 24, 2020, 07:31:49 PM
 #19

Bitcoin is rising in price too fast in the past month with a gain of more than 50%. A bearish correction will happen whether we want it to happen or not. New ATH for Bitcoin happens, probably this week but I don't think that will be any good. People are holding more altcoins, and it's time to be careful of market reversals. The best time is to take a profit and wait for the next movements of the market. When we're most excited is also when the worst is about to happen.
Bearish conditions will definitely occur after ATH or before it is reached, like it or not it will happen soon but no predictor knows exactly when to bearish. We must control ourselves not to get too excited about just bull market movements but forget about the real market volatility.

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November 24, 2020, 07:34:52 PM
 #20

Bitcoin is Just 500 Dollars away from creating a new All-Time-High 😍🚀🚀

What will happen after making new ATH? What do you think? Express your view.


It do only have two answers which is neither the price would have a break out and past the previous ATH and create a new one or would definitely be rejected out and would have some
correction and that correction might have two outcome neither it would be just a few percentage drop or we would see some price crash just like what happened in the past.

These are type of questions that cant really be answered because if we do able to precisely predict on what would happen then we do all become rich.

For now the best thing to be done is to wait up and secure your position or wait it up before making any further steps neither you do sell or still hold and its up to
your own choice and profitability will vary on what would be your decision.

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