Bitcoin All Time High (ATH) Position Now

[DanielBroonze]

Actually, Right now I see on Coinmarketcap BTC Touch All Time High (ATH) Position. What's Next Rally?

[livingfree]

$29,228 was the highest just this day.

What's Next Rally?

Tune in and let's wait how much it would be. But no need to determine how much it would be if you're watching the charts closely. Next time is $30k, that's it.

[btc_angela]

$29,228 was the highest just this day.

What's Next Rally?

Tune in and let's wait how much it would be. But no need to determine how much it would be if you're watching the charts closely. Next time is $30k, that's it.

$35k will be the next barrier that needs to be breach, $30k is very close so there is a big possibility that it can be touch in January 2021. So obviously, the next big barrier is $35k and assuming that this rally continues up to next year then probably $35k before we might see some corrections a long the way.

So definitely, there could be no ceiling and the best thing to do is just be a holder in this bull run or buy some if you still have the money.

[Mrsonutiten]

Btc All Time High $29,244.88 🚀🥳 Today Pumped hard and break all times high

[jaresmerel001]

I am very pleased with the new bitcoin ATH. Because it has always been said by bitcoin advocates, and we as a community have believed it and are sharing it on this forum. Due to our confidence in bitcoin and its software, everything was possible. This new ATH is not the same as the 2017 one. We are placing our hope at this point we are making bitcoin valid around the world.

[bassbity]

What's Next Rally?

The next thing is bitcoin will continue to be at the top for some time to come. Of course we'll all see that the new ATH is actually nowadays
Is there a chance that bitcoin touches $ 30,000?
I hope so.

[Wysi]

Next bitcoin would rally towards $35k and if it's achieved with first week of new year then Bitcoin will not lag much to reach the golden mark of $50k which has been speculated from a long time. We have not seen any negative news or market variations in a while which is a good sign that Bitcoin will grow further and as Bitcoin grows it's pooling in more investment from people and shift of investment from altcoins to bitcoin have started.

[Yamifoud]

$29,228 was the highest just this day.

What's Next Rally?

Tune in and let's wait how much it would be. But no need to determine how much it would be if you're watching the charts closely. Next time is $30k, that's it.

$35k will be the next barrier that needs to be breach, $30k is very close so there is a big possibility that it can be touch in January 2021. So obviously, the next big barrier is $35k and assuming that this rally continues up to next year then probably $35k before we might see some corrections a long the way.

So definitely, there could be no ceiling and the best thing to do is just be a holder in this bull run or buy some if you still have the money.

I'll probably be waiting for that moment to come. That certainly a high record in the market and I presume that in the next Bullrun, it is higher and surprising. The resistance keeps pushing forward, this means that the price will definitely move high instead of thinking corrections.

We are about to leave 2020 and welcome 2021, and the market seems to look very interesting still. The momentum still unbreakable but then, we can just be easy at all. Now, I look into what is the impact of the new constrain development of Covid-19.

[adaseb]

The next 24 hours should be interesting since it’s a new year. Those that made lots of profit probably want to cash out on the new year to move it to next years taxes or to fall under a lower tax bracket next year.

However it seems that too many people are expecting this so most likely it won’t be the outcome. Just like people assumed that $13.8K would be the double top and then people assumed $20k would be the top and look what happened.

Markets like stocks are also crazy. Everyday Tesla keeps going up and up and nobody knows why. Pretty soon Elon musk will be the richest man on earth.

[error08]

$29,228 was the highest just this day.

What's Next Rally?

Tune in and let's wait how much it would be. But no need to determine how much it would be if you're watching the charts closely. Next time is $30k, that's it.

$29,5k is the new ath right now, seems will trying to break $30k in a short time since bitcoin stable above $29k for a while.
When bitcoin success breaks $30k then the next target is $32k, it may be reached in a short time but it might not happen as some predict $30k is the big wall of resistance and the peak before reversal take place. We will see which one of the predictions will be the reality, if finally bitcoin gets corrected, prepared for more than a 30% drop.

[figmentofmyass]

The next 24 hours should be interesting since it’s a new year. Those that made lots of profit probably want to cash out on the new year to move it to next years taxes or to fall under a lower tax bracket next year.

if you're in profit and it's a new tax year, why cash out? i don't understand the motivation to sell just to trigger a taxable event early in the year.

"tax selling" usually refers to traders realizing capital losses, before the new year, so they can lower their tax liability for that year. this sometimes exacerbates bear markets in november/december because so many traders are sitting on losses and want to close out at the same time.

......but in a bull market? you don't see the same effect.

Markets like stocks are also crazy. Everyday Tesla keeps going up and up and nobody knows why. Pretty soon Elon musk will be the richest man on earth.

imagine what'll happen if elon pulls a microstrategy and starts putting all that cash they're sitting on ($14-15 billion) into bitcoin.

[LogitechMouse]

Actually, Right now I see on Coinmarketcap BTC Touch All Time High (ATH) Position.

$29,458.74 USD
That is the recorded ATH base on Coinmarketcap. Coingecko recorded a few dollars lower at $29,442.63.

What's Next Rally?

$30,000 is possible this month but at the same time it can be a strong resistance too like what happened months ago where $10,000 is a very strong psychological resistance at that time. We don't know what can happen in the next days or weeks.

[adaseb]

Actually, Right now I see on Coinmarketcap BTC Touch All Time High (ATH) Position.

$29,458.74 USD
That is the recorded ATH base on Coinmarketcap. Coingecko recorded a few dollars lower at $29,442.63.

What's Next Rally?

$30,000 is possible this month but at the same time it can be a strong resistance too like what happened months ago where $10,000 is a very strong psychological resistance at that time. We don't know what can happen in the next days or weeks.

$10K was maybe strong resistance after it broke $10K and then went below $10K. However remember what happened in 2017 with $10K? Many people assumed that its an important psychological number, it must stop there. And what happened instead? Went thru $10K like butter.

Same when we broke $20K this time, we came close a few times and eventually broke thru it like butter. I am pretty sure $30K will be no different. We will break it and then can easily reach $32-33K and maybe then $30K will be strong support. However on the way up, I don't think it will have much resistance.

[TravelMug]

Actually, Right now I see on Coinmarketcap BTC Touch All Time High (ATH) Position.

$29,458.74 USD
That is the recorded ATH base on Coinmarketcap. Coingecko recorded a few dollars lower at $29,442.63.

What's Next Rally?

$30,000 is possible this month but at the same time it can be a strong resistance too like what happened months ago where $10,000 is a very strong psychological resistance at that time. We don't know what can happen in the next days or weeks.

$10K was maybe strong resistance after it broke $10K and then went below $10K. However remember what happened in 2017 with $10K? Many people assumed that its an important psychological number, it must stop there. And what happened instead? Went thru $10K like butter.

Or $10k is the FOMO price, that's why when we hit that 5 figures again, there's no stopping people buying BTC at this price and continue to grow even at $20k.

Same when we broke $20K this time, we came close a few times and eventually broke thru it like butter. I am pretty sure $30K will be no different. We will break it and then can easily reach $32-33K and maybe then $30K will be strong support. However on the way up, I don't think it will have much resistance.

I would say that $35k will be the next barrier, we haven't seen any resistance and with this movement, we might see $30k slice like a butter and then try to break $35k at least first quarter of next year.

[pooya87]

The day that $20k resistance was broken I talked about momentum of this rally and how if it was maintained we could see it start the consistent rises with small corrections trend. Now that 1.5 months has passed from that day we are seeing that momentum grow every day and since every higher price that is reached is all new there isn't any psychological resistances to slow it down in ways like before so the price keeps growing a lot easier than before.
This strong momentum will remain strong like this for months possibly with no growth while the price keeps rising with the same speed. However, At some point the rise will lead to a lot more attention that it will bring a lot more "fresh money" in which in turn increase the speed and finally after a year (probably) we see another bubble which I predict to be above $400k.

[judeafante]

$29,228 was the highest just this day.

What's Next Rally?

Tune in and let's wait how much it would be. But no need to determine how much it would be if you're watching the charts closely. Next time is $30k, that's it.

Bitcoin keeps setting new record now, if you looked on the market now it's $29311, there's a possibility of correction, some people expected this to happen before the end of the year where it will fall to the $20000 level, so far everything is good, there's still no correction insight and the buying motivation is still there, that means whales and institution are still coming and investing, and this is for the community.

[bitmover]

However, At some point the rise will lead to a lot more attention that it will bring a lot more "fresh money" in which in turn increase the speed and finally after a year (probably) we see another bubble which I predict to be above $400k.

I agree that this value is reachable.
However  everytime bitcoin hits ATH I think people should avoid to buy it.

I have many friends who bought in 2017 at 18, 19k and they had bad times during the last 3 years.

It is better to buy every month or so, regularly.

A lot of people are have fomo, but now it is the time to have patience and so not fomo.  Some good opportunities might show up again to buy

[thecodebear]

The next 24 hours should be interesting since it’s a new year. Those that made lots of profit probably want to cash out on the new year to move it to next years taxes or to fall under a lower tax bracket next year.

if you're in profit and it's a new tax year, why cash out? i don't understand the motivation to sell just to trigger a taxable event early in the year.

"tax selling" usually refers to traders realizing capital losses, before the new year, so they can lower their tax liability for that year. this sometimes exacerbates bear markets in november/december because so many traders are sitting on losses and want to close out at the same time.

......but in a bull market? you don't see the same effect.

Markets like stocks are also crazy. Everyday Tesla keeps going up and up and nobody knows why. Pretty soon Elon musk will be the richest man on earth.

imagine what'll happen if elon pulls a microstrategy and starts putting all that cash they're sitting on ($14-15 billion) into bitcoin.

yeah exactly. Like I sell my whole trading stash before a year ends just for tax purposes so I know exactly how much I started and ended with, regardless of if I made or lost money. You might have newbies who didn't think about this and are selling in January/February/March when they realize they need to take some of their profits to pay taxes, but that isn't gonna cause like a beginning of January correction! As you say, tax selling would mostly put pressure on the end of December, and obviously there was not sell pressure during that time this year.


I really am just waiting for some legit huge corporations to start putting some of their cash into Bitcoin as a store of value. I mean you figure if they just put 10% in, that will easily preserve the value against USD for the other 90% while still letting them not put too much "risk" in Bitcoin. Imagine dozens of big companies buying up hundred of millions of Bitcoin just for that 10%, while the largest most cash-rich companies in the world are buying a few billion each. I'd love to see Musk do another Tesla stock sale of a few billion dollars, and then put that cash they raise into Bitcoin to preserve its value. Oh I guess they just did a $5 billion stock sale in December...dude needs to get on board and throw a few B of that into Bitcoin! ;p Microstrategy putting in ~$1.15 billion and already being up $900 million is certainly a nice advertisement for other companies to get on board with Bitcoin as treasury.

[pooya87]

However, At some point the rise will lead to a lot more attention that it will bring a lot more "fresh money" in which in turn increase the speed and finally after a year (probably) we see another bubble which I predict to be above $400k.

I agree that this value is reachable.
However  everytime bitcoin hits ATH I think people should avoid to buy it.

I have many friends who bought in 2017 at 18, 19k and they had bad times during the last 3 years.

It is better to buy every month or so, regularly.

A lot of people are have fomo, but now it is the time to have patience and so not fomo.  Some good opportunities might show up again to buy

I agree with half of what you said, it is an excellent idea to buy every month on regular basis or basically any time that you have some extra fiat that you want to get rid of.
But I disagree that people should avoid buying bitcoin just because it has hit ATH. The ATH price is simply another number, for example $1300 was also an ATH back in 2017 so was any other price ($1400, $1500,... $2000, $3000,...) that was reached. We are currently sitting at ~$34,000 which is simply another number.

The only time that buying should be avoided is the bubbles. Like $20,000 at the end of 2017. Similarly $20,001 about 2 months ago was an excellent buying opportunity even though it was an ATH.

[cryptomaniac_xxx]

^^ And to add to that, 2017 was a bubble waiting to be burst, that's why when we hit $20k or least near that price, the whole market crumble in the next 12 months. But at this scenario, it's different, we are not yet in the bubble, the price could literally sky rocketed this year and 2021 and maybe the next bubble will be in the 6 digit figures. Closing at $35k just what 3 days in? lot of things can happen this 2021.