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

[Russlenat]

Bitcoin price already touches $60k. But it will not stop at that price because the price can increase more than now.
Maybe the next target price will be at $65k and then $70k. But we do not know if the price can still reach that price or not, but hopefully, $75k-$80k will be possible to reach this year.
But after it reaches $61k, I wonder how deep the price will get down because I think the correction will come after this. I only hope the price will not go down below $55k.

It's not going up as what we are expecting, it looks like it's staying at $60k level, it suppose to breakout as it already reach a new ATH. I have a feeling that this pump might not continue and bitcoin will drop back below $60k, I hope my instinct is wrong.

[sana54210]

Bitcoin price already touches $60k. But it will not stop at that price because the price can increase more than now.
Maybe the next target price will be at $65k and then $70k. But we do not know if the price can still reach that price or not, but hopefully, $75k-$80k will be possible to reach this year.
But after it reaches $61k, I wonder how deep the price will get down because I think the correction will come after this. I only hope the price will not go down below $55k.

It's not going up as what we are expecting, it looks like it's staying at $60k level, it suppose to breakout as it already reach a new ATH. I have a feeling that this pump might not continue and bitcoin will drop back below $60k, I hope my instinct is wrong.

We just had a huge increase recently, we can't expect bitcoin to go up 1k per hour for 1 week, that would mean 168k increase in a week, which means that sometimes it goes up, and sometimes it stops, but doesn't mean that it will stop for a long time, it just gives a break. I think we are going to see bitcoin rising to 100k very soon, but I think it will be like a bit of wait, then 5k up, a bit of wait and 5k up, when it reaches 70k a bit of drop, then one week wait and a 5k up that type of increase bigger and drop a bit, increase bigger and a drop a bit, those type of things could actually happen if you ask me.

It is not going to be simple but I think it will still happen, no matter how hard it becomes, we are going to be here doing these no matter what because there are a lot of buyers, even companies ending up buying billions of dollars worth.

[KTChampions]

It's not going up as what we are expecting, it looks like it's staying at $60k level, it suppose to breakout as it already reach a new ATH. I have a feeling that this pump might not continue and bitcoin will drop back below $60k, I hope my instinct is wrong.

If we consider this issue from the point of view of fixing profits, then I would do it on levels of more than 60k. The probability that bitcoin will do + 100% (will double) is much less likely that it will do -66% (will fall three times). If we talk about long-term investment, then you should not pay attention to today's price at all.

[2double0]

another drop?

let's just wait for the stimulus package to be distributed and then we can see what will happen. most probably a dip again down to 48K or so. it will keep repeating we don't know when it ends. but this is like airdropping stimulus package to crypto traders as well. if it continues to go up to $100K I'm gonna believe that it will really blow up as Keiser said.

Wait for the top to be called off soon, and see what happens when these stimulus money investors start taking out their profits. There will be panic sell, a huge one with total Fomo and much more. I don't see an end for btc as it cannot die, but when it will get down to the old levels once again soon and lick the dust, it will not recover like it is doing now because big scale companies are now treating btc as their pet and taking it where they want it to go.

[7788bitcoin]

If we consider this issue from the point of view of fixing profits, then I would do it on levels of more than 60k. The probability that bitcoin will do + 100% (will double) is much less likely that it will do -66% (will fall three times). If we talk about long-term investment, then you should not pay attention to today's price at all.

The price of bitcoin rallied from $10k a few months back and it is now holding above $60k which is an insane rally and there are investment coming in even at this price, i was expecting a correction a long time back but it is hard to understand how long these institutional investors keeps on pumping money in it and if they think that they wants to dump everything after the price doubles from this valuation then you might even see those valuation in this rally.

Even if you are looking for long term investment then you should wait for a correction rather than investing at this price.

[arufox]

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?

No matter what will happen next, you must keep in your mind that Bitcoin will continue to grow, 70K, 80K and more. And of course, the progress will not be smooth, we will see the price drop but in the end, the increase will continue. So I think the good decision is to stop asking what's next but you must start invest before too late

[Dollar_Hunter]

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 looks like Bitcoin will experience a correction to $ 55k to $ 58k again, this is because there is RSI divergence in large time frames,
this is just my speculation, if you believe please sell gradually at the price of $ 60k, and buy back again at the support I already mention it.
but take it easy that Bitcoin will likely fly even higher!

[STT]

A few people saying it will hit 70k but before then its likely to pull back and revise lower prices seems like, certainly for the moment we have risen in line with past large gains and its hit a ceiling of gains in line with that.   Speculators will take profits so there tends to be a cycle of closing trades to realise gains before any further speculation at that time.



So 56k would be the next rung on the ladder, if we do not hold this area especially.  Its not that bearish just rechecking prior gains and that would also be the weekly average.  62k above is about top if it does clamber back above and regain momentum over this week.

[traderethereum]

Bitcoin price already touches $60k. But it will not stop at that price because the price can increase more than now.
Maybe the next target price will be at $65k and then $70k. But we do not know if the price can still reach that price or not, but hopefully, $75k-$80k will be possible to reach this year.
But after it reaches $61k, I wonder how deep the price will get down because I think the correction will come after this. I only hope the price will not go down below $55k.

It's not going up as what we are expecting, it looks like it's staying at $60k level, it suppose to breakout as it already reach a new ATH. I have a feeling that this pump might not continue and bitcoin will drop back below $60k, I hope my instinct is wrong.

I guess so because the price stops increases and stays at $60k.
Maybe we need to wait for more to see the price will start another rally to the next high price.
But once again, we do not know what will happen to the bitcoin price next month.
And if the price is down after reaching and breaking the highest price or the new ATH this time, we really need to be careful and prepare our money to buy back bitcoin because I think that can drop significantly.
But I hope it will not like that.

[k@suy]

Looks like the price correction of bitcoin starts now where it goes down fro. $59,999 last night it become $55,111 tonight. Well a 10% less of bitcoin market demand was a big difference right but it is as good as like it became $45,000 the last few weeks. But I'd still feel that bitcoin wouldn't go down its market value lower than $40k-$45k. I just feel that bitcoin market was a good now as it was like before afte 2017 ATH attained.

[arufox]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

[rhodelmabanal]

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?

Bitcoin will surely hit above 60k$ this year, i believe year 2021 is the year of bitcoin i see it since the year started, maybe it will end up to 100k$ at the last quarter of the month so lets hold and if posible lets full pur bags for big profit, but still depend on what you believe   because crypto is really risky, take the risk and earn a big profit or dont take risk and earn small amount.

[Dave1]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

[Om.monata]

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?

Bitcoin is likely to experience a significant increase, but it will stay on track every time there is a correction. So I think this is the fair scheme of bitcoin and before heading to the moon there will still be corrections and declines. so it can be used to buy

[Fredomago]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

Still affecting the entire industry, such whale dive automatically creates panic from weak holders, it's really hard predicting what will happened after breaking a new ATH.

Chances that early holders also ride along with fuds, adding selling pressures as they already have enough to cashout and enjoy.

But, there are still believers who are still keeping their assets, institutional investors who
have enough knowledge to understand this temporary situation, investors who are aiming
to maximize their benefits from this market.

[Smitty Werben Man Jensen]

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?

before the dump to $ 54000, the price of Bitcoin has reached over $ 60000, yes correction is very reasonable when the price goes up high,
we are entering bull season so don't worry about bears, mate, it's summer not winter haha, we haven't entered winter yet,
so polar bears still sleeping, investing in crypto is very bright for this 2021, don't miss it!

[Renampun]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

I am sometimes surprised by Twitter accounts that report the transfer of large assets, I just think they make small FUD...
Bitcoin has already made a new ATH and touched $ 61k, now we see the price is slightly corrected from the ATH. in the future maybe the price of Bitcoin will continue to correct, I am campaigning to buy. *market correction = discount of Bitcoin

[ultrloa]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

I am sometimes surprised by Twitter accounts that report the transfer of large assets, I just think they make small FUD...
Bitcoin has already made a new ATH and touched $ 61k, now we see the price is slightly corrected from the ATH. in the future maybe the price of Bitcoin will continue to correct, I am campaigning to buy. *market correction = discount of Bitcoin

They just creating little panic so that the price of bitcoin can possibly lower go down so for them to buy and people should remember that we are not the same before that's why I believe we cannot experience the same bear market season happened last year 2018. It's perfect time to buy at the current rate since it's dump a thousands of bucks since I think the pump will follow after this.

[South Park]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

I am sometimes surprised by Twitter accounts that report the transfer of large assets, I just think they make small FUD...
Bitcoin has already made a new ATH and touched $ 61k, now we see the price is slightly corrected from the ATH. in the future maybe the price of Bitcoin will continue to correct, I am campaigning to buy. *market correction = discount of Bitcoin

I think that is the whole purpose, we know there are twitter accounts that are watching for big deposits of coins to exchanges and when there is one people panic thinking a whale is going to sell and for the most part I think that is the whale playing with the market waiting for the dump and then buy the coins of those weak hands for a cheap price, and quite honestly I think the current decrease in the price we experimented a few days ago happened precisely because of this.

[Yaunfitda]

If Bitcoin hit $60K. What next? The answers to your question are depend on what is your purpose for your Bitcoin, If your purpose for profits, you can sell it and take profits, but if your purpose for long-term investment for a better future, so keep hold it. Traders of Bitcoin will happy, but Bitcoin holders are happier

I think we have the answers already, bitcoin didn't sustained the $60K price level.

Resistance along this price is too big, selling pressures pulling the price to $55k in 2 days. Plus I've read that there are some FUD regarding a whale moving a billion worth of bitcoin and probably scare a lot of newbies and panic and sell their coin.

I am sometimes surprised by Twitter accounts that report the transfer of large assets, I just think they make small FUD...
Bitcoin has already made a new ATH and touched $ 61k, now we see the price is slightly corrected from the ATH. in the future maybe the price of Bitcoin will continue to correct, I am campaigning to buy. *market correction = discount of Bitcoin

I think that is the whole purpose, we know there are twitter accounts that are watching for big deposits of coins to exchanges and when there is one people panic thinking a whale is going to sell and for the most part I think that is the whale playing with the market waiting for the dump and then buy the coins of those weak hands for a cheap price, and quite honestly I think the current decrease in the price we experimented a few days ago happened precisely because of this.

That's why I don't like to follow those twitter accounts that monitor huge transactions.

It's like they are they creating panic if someone sees that a large chunk of bitcoin moves from exchange A to Wallet B. Of course the people behind might not have this purpose in mind in the beginning. But there could be people who uses to create FUD around the crypto for whatever reasons.

But yeah, in any case, we've seen that the price has rebounded already, no more bleeding in the market, bitcoin and other major altcoins started to post positive and green numbers. So what next? Still the obvious target $60k-$70k this month.