Will Bitcoin get back to 60K this week?

[Oasisman]

This might be probably unlikely but I am looking towards a great move next week. Accumulation will soon surface which will drag this week and most alts will have chance to trend upward.

Why is it unlikely? I mean Btc is just less than $5,000 away from hitting that $60,000 figure again. Accumulation are continuing, Btc are most likely to hit $60k again but would pull back a little bit and then bounce back to a new ATH record again. Market sentiments are still on a bullish mode, as well as the investors and speculators. So, I don't see any sign of bearishness at this current rate. We'll be back to $60,000 If not this week, maybe next week.

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[slaman29]

This might be probably unlikely but I am looking towards a great move next week. Accumulation will soon surface which will drag this week and most alts will have chance to trend upward.

Actually we shouldn't even be worried if prices go even lower this week, and even if we go back down below $50k. It's still early time and we're not even done with Q1 2021 yet, I would say that a lot of people will be looking to strap in dividends and what not from 2020 (which comes around now or in April) and 49k or cheaper would look very good prices for newcomers or accumulators:)

[sana54210]

Right now, the bitcoin price drops again to $54,500 from yesterday. It seems the bitcoin price needs to wait for some time to back to $60k, but I am sure that the price will be back to that price and break the high price. At this moment, we can buy back more bitcoin to prepare for the next bull run, but it is hard to predict when the bull run will come. If you are not sure about your analysis, I think you can watch the market and not buy or sell because that can make you lose.

I do not think that it is a big deal, we were around 57k yesterday so I get that people are upset but a week ago we were around these prices again, so it is not really a big dael if you ask me. Obviously it is not going to be easy and it is going to take some time to profit from these levels, but anyone who is getting new right now is a bit late so they have to take what they can get.

If you invested last year, you could have made as much as 13x profit, from the bottom to peak that is even more if you calculate it (from 3.8k bottom last march when crash happened to 61k recently that is 16x profit) and if you didn't do that, and going in right now, you should at least have the patience to wait a bit more and make profit later on. If you want to get in and make profit right away, you are way too late for that and there is no way to profit like that anymore.

[hahay]

Not sure to hit the ATH again anytime soon but it looks like the price movement will only move within that range or 50k-60k for the next few weeks. Even though after that it will fall back below 50k I think the recovery will still happen quickly, but looking at a trend like this I am sure that a fall below it will not happen but it will not go beyond 60k very soon and it will continue to fluctuate.

[Stedsm]

Bitcoin had been dancing a lot between $54k-$60k, and about the price, I think I'll undoubtedly say that we'll not be getting under $50k again soon because the network hashrate, total wallets, Bitcoin's hodling v/s selling, all have gone so far so high in number and whenever that happens, BTC sees spike in its value.

I believe I'll have to change my words here because I have seen the exact same pattern being built on the charts that we've seen during the 2017-18 crash period. I've also created a thread explaining why I believe that BTC could go back to under $45k after checking a few important facts that weren't drawn to my attention 2 days ago. I'm not overconfident with this but this scenario will definitely happen before we see a new ATH and I highly doubt BTC will get back to $62k again till next year because lockdowns have started and cases are increasing too, with a negative news from US is circulating that they'll be adding higher taxes to the books of their citizens who are currently taking advantage of the stimulus. So whenever it gets into implementation, I highly doubt BTC will remain stable here and believe me, if it won't, this correction will be one of the worst corrections ever witnessed.

[chaser15]

We shouldn't have to bother if Bitcoin will return to $60,000 this week or next. The important thing here is, it will soon happened no matter what. Bitcoin is establishing a new All-Time high since the surge started.

If OP is asking these as he has a position, better to do spot trades and go along with the price swing. Or if OP is just simply holding, then he should disregard questions like that and just hold and relax.

[uneng]

Bitcoin had been dancing a lot between $54k-$60k, and about the price, I think I'll undoubtedly say that we'll not be getting under $50k again soon because the network hashrate, total wallets, Bitcoin's hodling v/s selling, all have gone so far so high in number and whenever that happens, BTC sees spike in its value.

I believe I'll have to change my words here because I have seen the exact same pattern being built on the charts that we've seen during the 2017-18 crash period. I've also created a thread explaining why I believe that BTC could go back to under $45k after checking a few important facts that weren't drawn to my attention 2 days ago. I'm not overconfident with this but this scenario will definitely happen before we see a new ATH and I highly doubt BTC will get back to $62k again till next year because lockdowns have started and cases are increasing too, with a negative news from US is circulating that they'll be adding higher taxes to the books of their citizens who are currently taking advantage of the stimulus. So whenever it gets into implementation, I highly doubt BTC will remain stable here and believe me, if it won't, this correction will be one of the worst corrections ever witnessed.

Lockdowns and increasement in coronavirus cases impact the traditional economy negatively. So wouldn't this be positive for bitcoin, as it is a way for people protect their money against a weak national currency? Furthermore as you said, US is going to raise taxes on citizens, what also incentives people to put their money in crypto currency.

So why would these facts affect bitcoin negatively if they have already affected btc positively previously?

[Stedsm]

Lockdowns and increasement in coronavirus cases impact the traditional economy negatively. So wouldn't this be positive for bitcoin, as it is a way for people protect their money against a weak national currency? Furthermore as you said, US is going to raise taxes on citizens, what also incentives people to put their money in crypto currency.

So why would these facts affect bitcoin negatively if they have already affected btc positively previously?

Things never remain the same, mate. They change.
Continuous lockdowns are not just affecting the economy but will also bring a lot higher inflation ratio than a common man is facing today. Do you believe that people will just "keep investing" in BTC and hodl till they die? Won't they sell when they'll see their needs becoming their depression? That's when BTC will experience the negative impact of pandemic. And yeah FYI, those taxes are possibly coming over crypto to hit it huge by attracting a bigger part of your profits into their treasuries. A weak national currency? $1 will be worth $1 because it IS a $1 bill but the value of BTC changes a lot, so whenever they'll feel that they need their so-called "weak currency" in paper, they'll have no choice but to sell their BTC. What else have they got?

[uneng]

Lockdowns and increasement in coronavirus cases impact the traditional economy negatively. So wouldn't this be positive for bitcoin, as it is a way for people protect their money against a weak national currency? Furthermore as you said, US is going to raise taxes on citizens, what also incentives people to put their money in crypto currency.

So why would these facts affect bitcoin negatively if they have already affected btc positively previously?

Things never remain the same, mate. They change.
Continuous lockdowns are not just affecting the economy but will also bring a lot higher inflation ratio than a common man is facing today. Do you believe that people will just "keep investing" in BTC and hodl till they die? Won't they sell when they'll see their needs becoming their depression? That's when BTC will experience the negative impact of pandemic. And yeah FYI, those taxes are possibly coming over crypto to hit it huge by attracting a bigger part of your profits into their treasuries. A weak national currency? $1 will be worth $1 because it IS a $1 bill but the value of BTC changes a lot, so whenever they'll feel that they need their so-called "weak currency" in paper, they'll have no choice but to sell their BTC. What else have they got?

I understand everyone needs fiat to survive, as that is the only way to purchase basic goods needed in our daily life and to pay for services, but I don't think millionaires and billionaires are going to cashout their btc investments for this reason. They can just keep the minimum needed in fiat for daily expenses and move the rest to bitcoin, to protect it against inflation. I think that is what we have seen since last year.

A lot higher inflation turns 1$ into a worthless amount of money. 1$ will be always worth 1$, but this 1$ is never going to be enough to buy tomorrow the same thing you bought today. On the other hand with bitcoin it's quite the opposite. So it makes no sense to hold large amounts of fiat, especially during this pandemic crisis with high inflation, unless investments in US are going to be very rentable against inflation(that was a reason pointed on the internet to justify why btc would become weaker now, as potential investors are interested in US economical scenario).

[tabas]

This might be probably unlikely but I am looking towards a great move next week. Accumulation will soon surface which will drag this week and most alts will have chance to trend upward.

It's about to go its trend upward because it's going through a dip currently. And we know that after the dip, it's usually going up so that's expected to come.

If OP is asking these as he has a position, better to do spot trades and go along with the price swing. Or if OP is just simply holding, then he should disregard questions like that and just hold and relax.

Yeah, for holders like me I'm relaxed most of the time whether bitcoin goes up or goes down. The biggest factor that made me feel like that is experience.

[Stedsm]

I understand everyone needs fiat to survive, as that is the only way to purchase basic goods needed in our daily life and to pay for services, but I don't think millionaires and billionaires are going to cashout their btc investments for this reason. They can just keep the minimum needed in fiat for daily expenses and move the rest to bitcoin, to protect it against inflation. I think that is what we have seen since last year.

Again FYI, I'd like to let you know that there's an insider that came to me (I've paid for it) that some major big investors are cutting out BTC from their portfolio slowly and buying something else. I mean, investors are like butterflies, the more colorful investment they'll see, they'll start roaming there leaving the old less colorful investment aside or get completely out of it. I know they won't sell it over completely but those who've already bought at bottom will definitely, at some point, start taking out their profits just like an average investor does. Nobody sticks to their investments forever, the same applies to BTC investments.

[Shasha80]

I am still optimistic Bitcoin will return to the price of $ 60k this week, maybe it will be reached on Friday. Now that the Bitcoin price is undergoing
a minor correction to the price of $ 54k, it shouldn't be long before Bitcoin price will start to slowly rise towards the price of $ 60k. Because in
my opinion the support price at $ 54k is very strong, so it is very unlikely that Bitcoin will drop below the price of $ 54k. Hopefully my guess is right,
if it is true it shouldn't be long before Bitcoin will be pumping again and hopefully it can get past the resistance price of $ 60k.

[ethereumhunter]

Right now, the bitcoin price drops again to $54,500 from yesterday. It seems the bitcoin price needs to wait for some time to back to $60k, but I am sure that the price will be back to that price and break the high price. At this moment, we can buy back more bitcoin to prepare for the next bull run, but it is hard to predict when the bull run will come. If you are not sure about your analysis, I think you can watch the market and not buy or sell because that can make you lose.

I do not think that it is a big deal, we were around 57k yesterday so I get that people are upset but a week ago we were around these prices again, so it is not really a big dael if you ask me. Obviously it is not going to be easy and it is going to take some time to profit from these levels, but anyone who is getting new right now is a bit late so they have to take what they can get.

If you invested last year, you could have made as much as 13x profit, from the bottom to peak that is even more if you calculate it (from 3.8k bottom last march when crash happened to 61k recently that is 16x profit) and if you didn't do that, and going in right now, you should at least have the patience to wait a bit more and make profit later on. If you want to get in and make profit right away, you are way too late for that and there is no way to profit like that anymore.

Maybe that is not a big deal for you, but I do not think about people out there who do not follow the bitcoin journey. They will feel upset waiting for the bitcoin price increase again. Some people who bought at a low price will be happy, but if they can not sell when the price increases by a little price, they will lose that chance and wait for long.

I guess people are disappointed not invested from last year because they miss that moment. But if they see that they still have a chance to enter the market now or wait for a while, they can still make a profit later as long as they do not rush to take profit or they can wait. Yes, they need to have the patience to take profit. Otherwise, they will not have that chance.

[bitzizzix]

Let bitcoin move as it is and the right choice now holds it and be patient, and know that bitcoin fluctuations are testing our patience.
I am optimistic that the return to 60K will repeat itself but not anytime soon and also the drop will not exceed below 50K.
and what is happening now is that the movement of bitcoin in my opinion is still normal and the price of bitcoin is still high, there is no drastic decline, so be patient and hold it is the right choice at this time.

[bitterguy28]

Another question to be thrown now is " Will bitcoin can reach back to 60k this week?"

we have fell down since week ago and there is no sign of breaking the top again, I was hoping of another ATH at least before the first quarter of 2021 ends?

practicality wise to happen because 75,000$ is on the corner.

[why]

Maybe we can see a little correction towards 40K during this week or next two weeks. Market can't go upward forever it has to fill cme gap to gain power to break ATH again.
Currently 40K is the strong support and we may can see a bounce back from 40K support zone. Now I'm staying out of trading and waiting for a strong bullish setup.

[btc78]

60K or 50K?

You asked this last week right ? and the answer is YES because Bitcoin not only return back to 60k but made another All Time High at almost 62,000.

Knowing Bitcoins capacity to increase value overnight?

So i guess there is more to come on our way, instead of seeking for another 60k Why not ask for 100k ?

Isn't it possible to happen at least this whole 2021?

[Golftech]

Another question to be thrown now is " Will bitcoin can reach back to 60k this week?"

we have fell down since week ago and there is no sign of breaking the top again, I was hoping of another ATH at least before the first quarter of 2021 ends?

practicality wise to happen because 75,000$ is on the corner.

That place is very possible, with how Bitcoin supporters keep holding and not to let the downfall to go that deep.

Currently it's moving up a little it's really nice to see that even there's some corrections it manage to keep this

level and not to allow to fall that hard. More or less we only have one more  month before the first quarter

still strong after this huge jump up.

[StartupAnalyst]

To say the truth, yes. BTC can drop even lower than 50 000 probably to 47-46 000 but it’s nothing to worry about because after the drop it will again grow. If you examine BTC chart you’ll find out that it have such a small correction tendency to decrease on 10 thousands and then again to increase on 10 thousands or sometimes even more.

[onecall123]

Another question to be thrown now is " Will bitcoin can reach back to 60k this week?"

we have fell down since week ago and there is no sign of breaking the top again, I was hoping of another ATH at least before the first quarter of 2021 ends?

practicality wise to happen because 75,000$ is on the corner.

We're heading for 60k right now. It would be thanks to Elon Musk if that happens so quickly. I think we all have to adopt the new future. Mr. Elon Musk just opens opportunity for the Next Generation Marketplace! This is the beginning. Mass adoption of Bitcoin rally hard in coming months.