Bitcoin all time high

[Wisbrown]

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

[chaoscoinz]

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

Yeah, the price seems to be hovering just under the $5800 mark. I'm not really sure what is holding it back. I'm still learning how to use technical analysis together with sentiment. Fundamental analysis could also help to uncover some context clues as to why exactly that the price is ranging just below the all time high, and isn't taking off. How much correction was there, and are we possibly  due for more?   I guess there's a whole lot more to it than just candles and wicks!

[blucepheus]

My guess is there's some resistance at the high -- some profit taking every time it approaches it. Once we see a new high for a sustained period, I think we'll see a new high much higher. Follow all of that? 

[Kemarit]

My guess is there's some resistance at the high -- some profit taking every time it approaches it. Once we see a new high for a sustained period, I think we'll see a new high much higher. Follow all of that? 

It's not resistance, but it's how it's going to move, as we grow exponentially, it might slow down.

Profit talking is when the price reach the top, and then re-investing during dip. And currently, the next big target is $60,000, but it's a whole number so I'm expecting that we will see some correction again after that for a couple of days and then go up again, and then the cycle continues.

[buwaytress]

My guess is there's some resistance at the high -- some profit taking every time it approaches it. Once we see a new high for a sustained period, I think we'll see a new high much higher. Follow all of that? 

It's not resistance, but it's how it's going to move, as we grow exponentially, it might slow down.

Profit talking is when the price reach the top, and then re-investing during dip. And currently, the next big target is $60,000, but it's a whole number so I'm expecting that we will see some correction again after that for a couple of days and then go up again, and then the cycle continues.

Yeah this exponential growth narrative seems to be still relatively accurate if we ignore the percentage gains between each period of ATH. Talking about moving averages, anyway, they are definitely becoming more level but not quite tapering off as you'd expect when growth stops being so aggressive.

Patient profit taking this time around I'd say!

[pakhitheboss]

I was reading an article a few hours back and frankly speaking I was not aware of it. The article is about the top 10 cryptocurrencies other than bitcoin and in this article there is a point where the writer talks about Bitcoin growth. It states that Bitcoin exploded at $8,166 on 8 March 2020 and reaching an all-time high of over $58,000 in February 2021.

So yes, anything can happen this year too. It just took 11 months to reach 58k it might take less than 6 months to reach 100k.

[aysg76]

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

The prices have sparked during this pandemic and exchanges have witnessed exponential growth of customers with rising demand of crypto mainly Bitcoin.This has pushed the market cap to cross $1 trillion in 12 years and prices to reach ATH of $58,300 this time which is almost double.



The experts beleive that the prices can reach almost $70k by the end of 2021 even after witnessing market crash and dips due to FUD's and market manipulation by the whales.The only ones holding will be in profits because we have long journey to walk along.BTC has just gained popularity now and prices are $58k imagine when it would be Mainstream and accepted by all with decrease in supply due to halving the prices will reach above $200k or so and your profits will be *100-200 times so just wait for the prices to the moon.

[Poker Player]

Almost 60k on Bitstamp now ($59,750).

The truth is that these are delicious times, after a few years of waiting, beating ATH after ATH is comforting. And it looks like it's going to stay that way. It is normal that we will pass $100k this year, and some predictions point to much more.

[Amejoaquim]

And here we go again, bitcoin already break the ATH with $60k.

In my opinion the reason why BTC keep rising because of stimulus from Biden and i think tomorrow BTC will keep breaking the record, don't forget to buy more BTC boys

[Sterbens]

There is no denying that bitcoin targets will always be fully achieved. this year is the target of a very historic record. Gradually we will see a situation that has not happened since bitcoin first spread to all networks in the world.

[bitzizzix]

There is no doubt that this year is ATH year for new ATH for bitcoin, and that year there is a lot of good news everywhere and almost on every social media, YouTube and others, bitcoin has become a phenomenon that makes everyone curious about bitcoin.
and make bitcoin grow bigger and a lot of people are just starting to get involved to invest because this year many people have made big profits this year.

[tbct_mt2]

There is no doubt that this year is ATH year for new ATH for bitcoin, and that year there is a lot of good news everywhere and almost on every social media, YouTube and others, bitcoin has become a phenomenon that makes everyone curious about bitcoin.
and make bitcoin grow bigger and a lot of people are just starting to get involved in investing because so many people have made huge profits this year.

Bitcoin halvings bring new all time highs and this halving brings a new all time high sooner than past halvings. The new all time high for bitcoin was touched in 2020, months after the halving in May 2020.

The latest all time high for bitcoin today in 2021 is not the highest price for it after the halving. Institutional investments will bring it to higher price. $100,000 or $300,000 for one bitcoin at the end of this year or in 2022 is my wish.

Margin callings and liquidations can make bitcoin hits spikes on exchanges for margin traders: BitMEX, Bitfinex, Bybit, PrimeXBT.

[repear7]

Now btc price is 59680 usd. 24 hours low is 55366 usd and 24 hours high is 60440 usd. BTC is pumping, Look at the market, BTC pumping means market pumping.

[Gozie51]

Bitcoin is breaking its own ATH history. Yes we are seeing a new ATH for bitcoin. It looks like a correction that occurred last week with bitcoin at around $48k that some fud about a deep has fired
bitcoin price up to a new high. It is hodlers time to hodl because it keeps breaking histories.

[pinggoki]

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

It is really shocking that the bitcoin breaks a new all time high! This will be marked as a new history on the bitcoin's price, I am seeing many dumps on the past weeks but the correction is still strong and we can see that the predictions of the many has been going all through and now it's real, the new ATH which is $60,000. This will be a wild ride for everyone! Can't wait to see what will happen for the past few weeks if it will break again it's all time high, hoping to break it and go $70,000 and I have a huge feeling that it will pump up again.

[Rasel5209]

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

I think in this year bitcoin always price increase and after this year it fall down in land. It’s not miracles if you saw 2017 and 2018.

[sunsilk]

And that's it!

Bitcoin has broken again another all time high that we've been seeing around. So the correction that we've seen last time at $42,000 - $44,000 cmiiw. That has been triggered and that's the reason it has to correct.

Because we're going to see another ATH and that's the barrier that bitcoin has to break. The next stop and goal would be bitcoin reaching $70,000. Just one step at a time until we go near $100,000.

[tinopener]

Seems to be a lot of buying for a Saturday night (in the UK).

Could it be people trying to get ahead of the game for Monday?

[Lewan]

It didn't surprise me that it came to the $ 60k level. If bitcoin does not start the week in red, it could see $ 65-67k next week. 60k is a psychological point that's why it's important.

[aoluain]

Seems to be a lot of buying for a Saturday night (in the UK).

Could it be people trying to get ahead of the game for Monday?

Dont know, it was the same last weekend IIRC...

Its just buy pressure, these threads can get outdated within a few days
my Blockfolio account shows the global average price for Bitcoin today at
$60,567, and more to follow