If Bitcoin will hit $60,000 today, what's next?

[Maslate]

I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance.
https://www.binance.com/en/trade/BTC_USDT

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

[tertius993]

$60,001 or $59,999 hard to be sure ...

[Maslate]

$60,001 or $59,999 hard to be sure ...

Lol, it only need less than $200 to hit $60,000... it's hard to hit $60k because we been in this position before but once bitcoin his a new ATH, another run might start again and I don't know what price it will stop that's why I'm asking for your opinion.

As what I have read, some said that the price of bitcoin has no ceiling at the moment, and it seems correct.

[Hippocrypto]

I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance.
https://www.binance.com/en/trade/BTC_USDT

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

It possibly won't continue because it's expected that day traders and short sellers will dump their asset. We can't stop them on their desires specially when money is really a big issue during massive pumps. Other sometimes having fomo, so they'll prefer to take back their capital instead of holding for another future price targets.

[mich]

I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance.
https://www.binance.com/en/trade/BTC_USDT

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

Well it looks like your prediction was accurate since now Bitcoin has surpassed the 60k price point.

As for whats next my guess is that it keeps going up before it turns back around and goes own.  My reason is Im very Bullish and liking this new all time high.

[Poker Player]

The most normal scenario is that it will continue to rise. I don't expect any major correction (40% or more) until we cross $100k. Demand clearly outstrips supply, and that can only drive the price higher.

[Lucius]

Haven’t you been following the crypto market in the last few months, so you can already easily figure out what’s next? This mini-pump may be linked to stimulus checks as part of a $1.9 trillion US aid program that will soon begin to fall into the hands of citizens - and some money is likely to end up in the crypto market again.

If we take into account that since the beginning of the year BTC has achieved an incredible growth of as much as 100% ($30k -> $60k), the real question is whether we should hope that by the end of the first half of this year the price will reach the magic $100k?

For those who are wondering if it is the right time to invest, I can only say that this train is accelerating more and more and it will be harder to jump on it, especially for ordinary people for whom BTC is simply becoming too expensive every day.

[Maslate]

Haven’t you been following the crypto market in the last few months, so you can already easily figure out what’s next? This mini-pump may be linked to stimulus checks as part of a $1.9 trillion US aid program that will soon begin to fall into the hands of citizens - and some money is likely to end up in the crypto market again.

I have been following the market of course but the price is just so high IMO and I'm afraid that we will experience the same scenario in 2018. The doubt is still in my head, lol.. but I guess this is a different bull run, probably much bigger and more stable compared to the past.

If we take into account that since the beginning of the year BTC has achieved an incredible growth of as much as 100% ($30k -> $60k), the real question is whether we should hope that by the end of the first half of this year the price will reach the magic $100k?

$100k should be easy to hit provided bitcoin remains bullish, I think $100k could be achieved by the first half of this year.

For those who are wondering if it is the right time to invest, I can only say that this train is accelerating more and more and it will be harder to jump on it, especially for ordinary people for whom BTC is simply becoming too expensive every day.

I would not hesitate to jump if I see a good opportunity to sell that would already satisfy me, though it's a running train but I should stay realistic as anytime this hype will die and correction will start.

[LogitechMouse]

If it will hit today then OK it hit that price.
Is there any significant meaning about it?

The stimulus package that Biden has just approved is a good thing for crypto as a whole thus, we saw some of the coins gone up and it might continue for some weeks.

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

Right now it is hard to predict because that price can be a psychological resistance for now because it is the first time we saw Bitcoin hit that price. At least the best thing that we can do is to see what will happen in the next few days with it. It might continue or it might drop. We don't know. Its best that we have a plan if it drops or it continues to go higher and higher. Right now if you want to ride on the train, I can say that its too risky knowing that it is at the top already. Maybe wait some time and be patient .

[traderethereum]

In Bittrex, the new ATH is at $60k.
Even though the price now struggles to be at $59k, I am sure the price will be back to up to $60k and even break the new ATH in the next moment. And now, it is back to $60k.
But when will that happen? No one knows.
So if you think that your target price is at more than $60k but less than $65k, you can try to place your target sell and wait for a while.
But if you think that bitcoin price will still increase to $100k or even more, you can hold for more and not panic if the price drops suddenly.
This moment is a happy moment for us because, finally, bitcoin prices can increase again, but be careful. We never know what will happen after this rally, so prepare for anything that can happen.

[MyCryptoDomains]

what was the cause of the quick pump to the ath?

[Russlenat]

Another milestone of success, today bitcoin hit a new ATH and it seems it could go higher again.

Just like what the trend suggest, when it hit a new ATH, it usually pump more.

We should not be surprise now, when bitcoin is bullish we have no idea when it will stop but as soon as the correction starts, we should be alert so we can jump the ship and take that stable coin to save the value of our bitcoin.

[AB de Royse777]

$100k should be easy to hit provided bitcoin remains bullish, I think $100k could be achieved by the first half of this year.

We do not know for sure.

It took long days to break $60k and now since it already suppressed $60k it seems $100k is just a matter of time. When BTC was below $10k it looked like a luxury desire to think of BTC at $100k.

It's been long 10 years since institutions had their faith in BTC investment and since they are already in I think the support for BTC will be strong for anything under $30k. Some people are waiting to buy back the BTC they sold.

[LUCKMCFLY]

I think it will continue to rise, if we look at the volume it is clearly a buyer, it looks very good to continue rising, I think we can continue to see much more ATH, if it continues like this it may close its daily candle at $ 68k- $ 70k.

In Tensorcharts.com you can see:




I believe that a lot of institutional investment may be entering, therefore many will enter buying so as not to miss the movement.

[judeafante]

I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance.
https://www.binance.com/en/trade/BTC_USDT

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

I've checked the market and it's almost $60k I believe it's gonna continue momentum is still high, there's no breaking the momentum, but never rule out the correction, there will be traders who will sell for profit, that's understandable but it's not going to be a bear market yet, we are far from it, best time for the market as Bitcoin, keeps setting up new record every week.

[Ridwan Fauzi]

I don't know why bitcoin price always be pumped at Saturday and Sunday, yeah if you pay attention to the previous bitcoin price movements.

Although, I just have a prediction that bitcoin is failed to break $60.000 and give a sign that bearish market was coming, but it is wrong now.

Seem like bitcoin price will find another new all time high and I predicted that its price will touch $68.000 and make a sideways market at that price.

[Baofeng]

I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance.
https://www.binance.com/en/trade/BTC_USDT

What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?

$60k is a whole number, and I don't know it seems that when we reach this kind of mental barrier, the price seems to dip a little. Just like what we have witnessed today, once the price hits $60,200 it suddenly went down very quick. For now, I would say that it is not sustainable, we might see some minor drop in the next 24 hours. And then we will see what's going to happen on Monday. Maybe the price will somewhat bounce back again and then $62k-$65k at the end of next week.

[Lucius]

I have been following the market of course but the price is just so high IMO and I'm afraid that we will experience the same scenario in 2018. The doubt is still in my head, lol.. but I guess this is a different bull run, probably much bigger and more stable compared to the past.

Of course no one can know (at least not ordinary mortals) what will happen to the global market tomorrow or in 1 month, but we can help ourselves to some extent with history - and for now BTC has always followed some patterns.  If we are guided by the last halving from 2016 and ATH that happened at the end of 2017 - then this can be an example for us to compare the halving from 2020 and the bull run we have right now.

While anything is possible, it doesn’t seem likely that this bull run will end this year, which would mean we have almost 10 more months of growth ahead of us with minimal corrections. I understand human caution because many have been burned last time, but while some are waiting for that big correction, they seem to be expecting it in a completely wrong year.

I would not hesitate to jump if I see a good opportunity to sell that would already satisfy me, though it's a running train but I should stay realistic as anytime this hype will die and correction will start.

Maybe your caution is good, maybe it's not - as I already wrote, I think many have completely misjudged the time ahead - halving + large institutional investments this year will probably result in the biggest bull run in BTC history.


Everything written is just my personal opinion, investing in cryptocurrencies is always a risk, not only because of the price, but also because of the security of such digital assets.

[francois-cooper]

Fibo extension says btc next top between 68k and 75k...

[BrewMaster]

so far this rise for the past 10000 dollars has been a very slow but strong rise and i don't see any reason why this trend should change after $60k is broken. we can continue having the same slow and strong rise for yet another month.
that is of course until the weak hands who panic sold recently start their FOMO and make the price shoot up all of a sudden.