Do you think that a new ATH is coming or a crash?

[Wenbing]

Even as the price has dipped to $30k, i am still convinced that btc price will rise to a new ATH. the reason is because that institutional investors who have adopted btc as a financial asset will buy more of the undervalued btc. I read a thread and a news that Microstrategy bought millions of btc today. Don't you think other investors will follow?

[Swopon]

The price is 37200 right now.

Bitcoin is now traded at $32400++. Expecting a big pump from it and hopefully we will enjoy it very soon. Microstrategy already purchased 324 Btc. Its huge, market will go moon again but it is not a happy things for me because altcoin will not show it equally. So I will not equally benefited though. But still optimistic that the new ATH will come very soon.

[CryptocurencyKing]

Has BTC no reached a new ATH yet?
Because, Btc very much did break it's previous ATH at $20,000 of 2018 and got to $40,000 just the previous year 2020.


Source: https://www.coindesk.com/price/bitcoin

It's experiencing some correction now as it should be but, I'm not expecting it to break this current ATH soon. It took years for this bullrun that broke the previous ATH and same would apply before the newly formed ATH would be broken too.

[Globb0]

Pretty sure a high is possible we have not broken bellow the support level yet.


Still a lot of momentum for up.

[isaac_clarke22]

~

No one knows. It just bounces around 30k right now. Expect many price correction, that's what I can say for now.
A crash? Don't know.
ATH? Don't know either, but from my assumptions, it could take a while right now.

[carlfebz2]

Pretty sure a high is possible we have not broken bellow the support level yet.


Still a lot of momentum for up.

Basing off on technical then we cant really deny that it does still had the momentum and you can see those strong supports below 30k price point.I had presumed that we might be seeing 29k or 27k
but the price do able to held up strong and didnt correct hard.

Lots for sure had anticipated that it might already be the crash but bitcoin do able to hold that up which is great.For those who had bought in the price of 31k then they are now
making up some profits now.

Price had started to climb now and might be going to break 40k for this attempt.We need some little bit more push on breaking that resistance.

[semobo]

Pretty sure a high is possible we have not broken bellow the support level yet.


Still a lot of momentum for up.

Basing off on technical then we cant really deny that it does still had the momentum and you can see those strong supports below 30k price point.I had presumed that we might be seeing 29k or 27k
but the price do able to held up strong and didnt correct hard.

Lots for sure had anticipated that it might already be the crash but bitcoin do able to hold that up which is great.For those who had bought in the price of 31k then they are now
making up some profits now.

Price had started to climb now and might be going to break 40k for this attempt.We need some little bit more push on breaking that resistance.

Don't think we are going back to 40K again or at least for the next few weeks because this phase should be a long correction or already a bear market so the resistance will be hard to get broken and anything above 35K is still a long way to go with the sideways movement.

After looking at these chart, I can find some resemblance with the 2018 and 2021 so this is going to be a long correction followed by bear market for sure.

[HakaseMarui]

There will be no concrete and precise answers for this questions as the cryptocurrency market is unpredictable and things can always go sideways.. Have you notice that when there's a new ATH BTC price always have its correction first? But this time it aint correction anymore as you can see on the price of BTC and how its being traded (https://trade.kucoin.com/BTC-USDT).

 Its pretty in a dip situation right now but it doesnt mean that its not going for a new ATH anymore, it will take its time again to gain its momentum to push it to a new All Time High just like what we wanted to have..

For now I think we just needed to hodl and wait for a new ATH and hopefully the bubble wont pop, currently trading some Alts too is profitable, swing trades for it will give you profits, can smell the altseason too on its way along with new BTC all ime high

[JooBra]

There will be no concrete and precise answers for this questions as the cryptocurrency market is unpredictable and things can always go sideways.. Have you notice that when there's a new ATH BTC price always have its correction first? But this time it aint correction anymore as you can see on the price of BTC and how its being traded (https://trade.kucoin.com/BTC-USDT).

 Its pretty in a dip situation right now but it doesnt mean that its not going for a new ATH anymore, it will take its time again to gain its momentum to push it to a new All Time High just like what we wanted to have..

For now I think we just needed to hodl and wait for a new ATH and hopefully the bubble wont pop, currently trading some Alts too is profitable, swing trades for it will give you profits, can smell the altseason too on its way along with new BTC all ime high

I think the best is yet to come. The corona also helped crypto in some way. Of you look the picture globaly with economy it isnt good. Goverments are printing more and more money and with that the price in crypto will go up. Everyone who understands the situation will invest in crypto some money. All of that will drive the price up.

[asriloni]

Now that the price is dropping, it's not a crash and don't worry. I think this is a correction to be able to fly higher. so I don't think this is anything to be afraid of. ATH will definitely come. My prediction is that the price of bitcoin can reach $ 50k, although it's not certain when the exact time is right.

What? Dropping is not the same like crash? lol what is it? You should stop to create a joke about that dude. You will see that in the next month and we are having 5 days left before we will see the month that bitcoin could get the bearish trend in the past. I have learned the 4 year patterns and next month could be the worst month for us. Let's put your seat belt and secure your assets into the stable coin form.
No more ATH to be reached by bitcoin. It should be people are starting to dump it soon. Below 30k is incoming.

[Psynthax]

I think the best is yet to come. The corona also helped crypto in some way. Of you look the picture globaly with economy it isnt good. Goverments are printing more and more money and with that the price in crypto will go up. Everyone who understands the situation will invest in crypto some money. All of that will drive the price up.

Honestly I don't think it's the pandemic that helps crypto, In my opinion the positive impact of pandemic to crypto market is really low and there's no concrete evidence that because of pandemic people starts to invest in crypto, quite the opposite people uses their money to buy their basic needs. It's the big investment institution like fund management company or investment company that helps crypto like a lot these days. They are the one who bring exposure to crypto at the early start of bullrun.

[Shasha80]

I believe that Bitcoin will not crash, because seeing Bitcoin's performance has started to improve. And the Bitcoin price has now returned to $ 33k,
which a few days earlier was still priced at $ 30k. If it is true Bitcoin manages to cross the resistance price at $ 35k, I am optimistic Bitcoin will go
to the new ATH. So those who have sold their Bitcoin at a price of $ 30k, for fear of the Bitcoin price dropping even lower. Now they will regret seeing
the Bitcoin price starting to recover. Therefore the key to successful investing in Bitcoin is patience.

[gabbie2010]

The price is 37200 right now.

The price got rejected between $28K to $30K support thrice which proved to be strong zone thus the chances of price crashing now can be completely rule out, the price has been very bullish lately hopefully another ATM is imminent after the last ATM at $40K, there was FUD of price crashing down completely after the last ATH with analyst predicting a similar price crash that happened in 2017 when the price hit $20K however the price defies those predictions and analysis and still waxing stronger with an increasing volatility and momentum.

[Nice-Block]

You can never really know what the market could do, it's just that you have to be prepared. It's you against the market. Market doesn't follow you. We already have multiple breakthrough with the market and it might do another one or come crashing down again. It's something that we need to be prepared for, for sure, and it's up to you to do something about it. Be firm or not, no one is certain.

Even with someone who has a high win rate with trading can make a mistake because of the unpredictability. You should know that by now.

That's true, because in the market everything changes, anytime. Unless there is enough instrument that can tell if the movement of a coin is really positive or not. All you have to do is be prepared for whatever the outcome may be.

[crwth]

~snip

That's true, because in the market everything changes, anytime. Unless there is enough instrument that can tell if the movement of a coin is really positive or not. All you have to do is be prepared for whatever the outcome may be.

The only instrument that you could use is probably trading charts but we all know that there's no 100% probability for that one. We cannot expect to have any  influence no matter what we do to predict it. What changes is the probability to have the correct decision at the right time. There are always going to be different times where you were correct that one time and wrong on the other. But when it turns out that you were correct the first time, it wasn't at the right time. There's always going to be unpredictability so we are obliged to be managing our risk and capital for that.

[jaberwock]

HOLD! that's what bullish investors are having in their mind now. You maybe right dude, the trend is downtrend, bitcoin is having some kind of correction that some people refuse to believe, so let's just see what's gonna happen this week and if bitcoin dropped below $30k and will be stable at that price, then we can expect another bear market.

I don't want to overreact as I've seen it dump this month but bounces back, and now we are seeing another dump again and I'm not sure what's next for this.

Holding is really not something you can get hurt that easily, it is very difficult to lose money if you hold long enough. Think about it this way, even people who bought bitcoin at 20k dollars would made double of their income in 3 years. That means you would have to just wait 3 years to have 2x return, and sure there were many many opportunities to make more in the middle, even by just buying at the previous ATH and selling on this one would make you double.

And double in 3 years is awesome, that is not something other investments could give you, there are very very few things in life that would give you double in 3 years as well, so it is not bad at all. This only applies to people who bought at peak and sold at peak, you could have bought a lot lower as well, or you could have kept buying after you bought at peak, there were so many chances you could have made more money.

[error08]

Both of it obviously, after bitcoin reach the ath, a crash will occur, as we know that the price of bitcoin crashed more than 50% in March 2020, would assume it is as a crash if bitcoin suddenly drop more than 40% within a month but assume it as a correction if the price fall below 30%-40%, well the last correction was 28%.
Bitcoin probably could reach $50k in early February, and if it manages to surpass $60k without any major correction, then it would be another great indication for this year to break $100k.

[buwaytress]

Holding is really not something you can get hurt that easily, it is very difficult to lose money if you hold long enough. Think about it this way, even people who bought bitcoin at 20k dollars would made double of their income in 3 years. That means you would have to just wait 3 years to have 2x return, and sure there were many many opportunities to make more in the middle, even by just buying at the previous ATH and selling on this one would make you double.

Doesn't always apply to everything just because it works for Bitcoin. In fact, if you're not willing to wait for years at minimum, holding is really not advisable. Can't tell you just how many people I've seen over the years -- old timers included, even -- who just keep feeling it's over, and get proven wrong again and again.

And yet, every cycle doesn't prove it'll hold true for the next. It's not just about easy doubling, if it were, we'd all be rich.

[iv4n]

Both of it obviously, after bitcoin reach the ath, a crash will occur, as we know that the price of bitcoin crashed more than 50% in March 2020, would assume it is as a crash if bitcoin suddenly drop more than 40% within a month but assume it as a correction if the price fall below 30%-40%, well the last correction was 28%.
Bitcoin probably could reach $50k in early February, and if it manages to surpass $60k without any major correction, then it would be another great indication for this year to break $100k.

Yes, I would say both too, it's obvious! But which one will happen first is not so obvious! In that sense trading is the same as gambling, and I already placed my bet on crash, I sold most of my stash, and I am waiting to buy at lower prices...
It's my prediction, and it wouldn't be the first time Bitcoin to surprise me and make some crazy turn, it happened before, and it will probably happen again! But it's fun to trade and to short, it's a nice way to earn more coins!

[Ziskinberg]

Both of it obviously, after bitcoin reach the ath, a crash will occur, as we know that the price of bitcoin crashed more than 50% in March 2020, would assume it is as a crash if bitcoin suddenly drop more than 40% within a month but assume it as a correction if the price fall below 30%-40%, well the last correction was 28%.
Bitcoin probably could reach $50k in early February, and if it manages to surpass $60k without any major correction, then it would be another great indication for this year to break $100k.

Yes, I would say both too, it's obvious! But which one will happen first is not so obvious! In that sense trading is the same as gambling, and I already placed my bet on crash, I sold most of my stash, and I am waiting to buy at lower prices...
It's my prediction, and it wouldn't be the first time Bitcoin to surprise me and make some crazy turn, it happened before, and it will probably happen again! But it's fun to trade and to short, it's a nice way to earn more coins!

Good luck! I'm thinking of the same, bitcoin is going downtrend already, it has a little bounce back but the down trend is more evident so I think we are just waiting for the big dump and everything will follow. Some investors have already cash out when bitcoin was over $40k, I don't see any reason why they'll pump the price, they are just waiting for the price to dump so they'll accumulate again.