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Author Topic: It's not the end, $60k again  (Read 1093 times)
xSkylarx
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April 11, 2021, 10:07:36 AM
 #41

As most people said in April, bitcoin will show a new ATH and it looks like bitcoin increase is also bringing altcoins up from their previous price.
It looks like bitcoin price will continue to increase gradually towards the new ATH for the next ATH, and there is a lot of good news that could influence bitcoin to continue to increase, and I am very optimistic that the $ 100K price will happen in the next few months and even exceed that price.

I am also hoping the new ATH will be like this. Bitcoin dominance would stabilize below 56 while the price slowly going up so altcoins can keep up their pace too. This would benefit everyone even if you are a bitcoin maximalist or alts. $100k is really possible but the question is how big will the correction be like before it reaches that price? If $70k is the next target for the ATH, would it have a correction like 30% or maybe even more when ghost month happens.
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April 11, 2021, 11:09:59 AM
 #42

If you're a hodler you haven't once thought of selling yet. Getting in at $50k or $60k or $100k or $150k means youre a bitcoin early adopter. Thinking about selling at $60k means you want to get out before things start getting interesting. As a bitcoiner the only thing you should be thinking about now is that you need to keep stacking sats now that the world is just barely starting to take bitcoin seriously. Five figure prices will not last long. Six figure prices should last a good number of years but that is still a transition stage. 7 figure prices (over $1 million) is when bitcoin price is maturing. As a hodler thats what you're waiting for to start spending your bitcoin. Personally I plan on allowing about 10% of my bitcoin to be spent well up in the 6 digits, and the other 90% probably wont be even touched until bitcoin is at 7 digits. Because at that point even very large purchases take only a tiny fraction of a bitcoin.
I guess if you think that bitcoin is nearing the end, that means you should not be in this at all. I have seen so many things in crypto that I can't really end up caring about this all the time, I am really way too busy to think about all the drops bitcoin has.

We had a 58k to 43k drop just like last month or month before that I forgot when it was but that wasn't the end, we broke over 60k after that, so if people think that this small tiny drop was the end, they are really losing it. I think people who trade bitcoin or an investor you should be going strong and not really care about what is going daily, there is really way too much volatility to make you crazy.
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April 11, 2021, 11:31:29 AM
 #43

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

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April 11, 2021, 12:04:12 PM
 #44

After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?
I never stop believing that Bitcoin will break 60k again and yeah it does but the problem is the value goes ups and down up to now, it cannot even sustain the 60k instead falling back to 58-59k once in a while.
But what I am looking is altcoin in which gaining capitalization this past week.
Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.
Obvious mate, it is the altcoin pumping , XRP has 127% increase in the last 7 days, Binance has 34% and the rest of the gang while Bitcoin only gains 2%.


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April 11, 2021, 12:47:14 PM
 #45

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.
I am sure bitcoin will break and back $60k. Maybe bitcoin gives the altcoin time to increase because we now see many altcoins trying to lift the price and break the high price shortly. After the altcoin times, that will be the time for bitcoin to back to increase. And in that time, maybe bitcoin will back to $60k and still increase, so wait and see.



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April 11, 2021, 01:00:33 PM
 #46

We saw some pull back on the price of BTC because of some rumors about how long the growth rate will last after reaching the new resistance.. Ppl actually scared to stay , but it was a false speculation and look at it now which is exceeded on the predicted value..

 Of course it will not the end just like that, infact if we will focus long term investment in it for sure there's a big return as its keeps improving and always make a new ATH every year..  But just always remember to invest what amount you can afford to lose in order to have peace of mind..  Cheesy

I think people are always scared when it comes to retail buyers/speculators who have no intention of holding and are just storing their BTC on exchanges like Binance. They're always putting and adjusting their sell prices for sure, and some of them panic when 60k is not being broken, that's all.

Maybe this is it after all but that's okay for us who'll be here in 2025;)

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April 11, 2021, 01:48:50 PM
 #47

We saw some pull back on the price of BTC because of some rumors about how long the growth rate will last after reaching the new resistance.. Ppl actually scared to stay , but it was a false speculation and look at it now which is exceeded on the predicted value..

 Of course it will not the end just like that, infact if we will focus long term investment in it for sure there's a big return as its keeps improving and always make a new ATH every year..  But just always remember to invest what amount you can afford to lose in order to have peace of mind..  Cheesy

I think people are always scared when it comes to retail buyers/speculators who have no intention of holding and are just storing their BTC on exchanges like Binance. They're always putting and adjusting their sell prices for sure, and some of them panic when 60k is not being broken, that's all.

Maybe this is it after all but that's okay for us who'll be here in 2025;)
And more often these people will go into panic selling and FOMO buying.

But to understand that they are also a trader, so they will usually make an adjustment as that the only way, every step-up and step-down of the prices gives an opportunity to gain profit. So I can't blame them for doing this because that is how the trading works. We can never expect them to hold longer but they mostly come along with the trend and immediately sell their coins when seeing some profit.

Only investors will think and hoping that Bitcoin will reach $60k, $80k, or $100k. And not all of us here are investors.
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April 11, 2021, 01:57:16 PM
 #48

We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
Personally (not based on any of technical) I expect bitcoin prices to double in coming 2-3 months. I agree $100 mark would be the next target (most probably we may see another pullback around $80k levels but it may not sustain for long) but with next bull run toward $100k levels will last up to $120k levels but it will most probabaly happen within the second quarter of 2021.

Only investors will think and hoping that Bitcoin will reach $60k, $80k, or $100k. And not all of us here are investors.
No, I agree not all the people here are investors but if you look into the percentage then investors must be dominating. In my personal experience regardless of your are an investor or trader, always watching about bitcoin markets reaching some peaks as it will be more an important factor for timely decision making hence I believe everyone is bothering all these upcoming ATHs.

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April 11, 2021, 04:14:11 PM
 #49

As most people said in April, bitcoin will show a new ATH and it looks like bitcoin increase is also bringing altcoins up from their previous price.
It looks like bitcoin price will continue to increase gradually towards the new ATH for the next ATH, and there is a lot of good news that could influence bitcoin to continue to increase, and I am very optimistic that the $ 100K price will happen in the next few months and even exceed that price.

I am also hoping the new ATH will be like this. Bitcoin dominance would stabilize below 56 while the price slowly going up so altcoins can keep up their pace too. This would benefit everyone even if you are a bitcoin maximalist or alts. $100k is really possible but the question is how big will the correction be like before it reaches that price? If $70k is the next target for the ATH, would it have a correction like 30% or maybe even more when ghost month happens.
Long-term holders do not really care about the big correction, even if it is altcoin or bitcoin. Day traders or panic sellers are the ones who most affected by such correction. Correction is likely to 20% but I suspect that 30% correction is possible. The higher the price of bitcoin, the bigger the correction will be. So I will try to sell my coins at the next ATH and wait for the big correction for accumulation.  

The indicators have pointed that the uptrend is still controlling the market and therefore, buying is the better option than selling. I will wait for more information in order to see whether the trend will reverse or not. I believe that bitcoin will change its state from buying to selling around the first term of 2022. But that is just my subjective prediction. Bitcoin has already grown more than 18000% from $3500

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April 11, 2021, 06:31:41 PM
 #50

If the target is $100k then $59k-$60k is a good price to get in. There will be some doubts that it could go higher if people think that $61k was the top that bitcoin can ever reach. But if we compare to the other past levels that we've met.

We've thought of the same thing that it was the peak that bitcoin can do. The market has just reached $2T in the market cap itself and this is just another milestone that shows that we're on the train that's not going to stop anytime soon.

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April 11, 2021, 07:17:19 PM
 #51

Here we go again, we are at $60k but bitcoin still not breaking out.. What stopping bitcoin from breaking out? why is sti everytime bitcoin reach $60k it dump back below $60k.. I thought we are already at the bull run, so we should see a higher price.

It's not that simple, Bitcoin market is a complex mechanism and it's not functioning according to our wishes. I know that it looks easy for Bitcoin price to breach any boundary so once it reached one level why not get to another but that would mean that price can rise limitless and we all know it isn't so. In fact by now I expected sone bigger, although short term corrections, to happen. Anyway, patience is crucial as well as predictions of market behaviour.

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April 11, 2021, 08:33:47 PM
 #52

If the target is $100k then $59k-$60k is a good price to get in. There will be some doubts that it could go higher if people think that $61k was the top that bitcoin can ever reach. But if we compare to the other past levels that we've met.

We've thought of the same thing that it was the peak that bitcoin can do. The market has just reached $2T in the market cap itself and this is just another milestone that shows that we're on the train that's not going to stop anytime soon.

I can't talk about global prospects, but given how governments flood all markets with liquidity, we can assume that everything will continue to grow (both bitcoin and the stock market). One has only to remember that sooner or later the reverse phase of this phenomenon will come and at this moment all markets will fall.  A real hodler can just wait it out, but the ideal version of which all investors want is to sell at the maximum price and then buy it back cheaper.

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April 11, 2021, 08:41:37 PM
 #53

After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?
At this point it should be obvious that there is nothing that can stop bitcoin, the bears have tried by all means possible to try to make the price of bitcoin to fall below 50k and they failed, now they are running out of money and the price is still very close to the 60k level, miners are still accumulating their coins at an even higher rate, institutional investors are still buying some bitcoin and governments are still in a really bad shape because of the pandemic.

Every single indicator that you may want to look at is pointing at a one single direction and that is for the price of bitcoin to go up, if anything I think your expectation that bitcoin is going to reach 100k soon is kind of low because bitcoin can go a lot higher in the short term.
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April 11, 2021, 10:55:13 PM
 #54

After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?

Let's not celebrate early, we might not be certain if the price would remain consistent this month because volatility still existed. The price indeed spoke at $62k but quickly goes down after, so it's not guaranteed to get in while it was still so high for now. Maybe patience is our key for a meanwhile, wait until $50k down to $40k is visible them buying back would be a good options to do so.
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April 11, 2021, 10:59:18 PM
 #55

After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?

Let's not celebrate early, we might not be certain if the price would remain consistent this month because volatility still existed. The price indeed spoke at $62k but quickly goes down after, so it's not guaranteed to get in while it was still so high for now. Maybe patience is our key for a meanwhile, wait until $50k down to $40k is visible them buying back would be a good options to do so.
Yes, there is indeed a sell order into those levels which is expected that lots of people had entered below 55k price which its already anticipated.

For now, for we do able to break these resistance we do really need some sort of bullish news or events of recognition or adoption so that the price will shoot up into those new highs.

Thing here is that we dont hope that much or expect because it will just frustrate us.Better to ride with those waves and actively buy and sell.

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April 11, 2021, 11:44:41 PM
 #56

Your title is not the end, Really who says it's the end?? You should know that bullrun still early and based on the history, we will in the bullrun season until the end of the year, so you should stop to become panic and weak. You should strong and buy Bitcoin and altcoin as much as you can, I see a lot of correction of Bitcoin but I never say it's the end

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April 12, 2021, 07:02:25 AM
 #57

We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
Personally (not based on any of technical) I expect bitcoin prices to double in coming 2-3 months. I agree $100 mark would be the next target (most probably we may see another pullback around $80k levels but it may not sustain for long) but with next bull run toward $100k levels will last up to $120k levels but it will most probabaly happen within the second quarter of 2021.
I do agree that 100k will be the next target but I do not believe that it will happen as soon as people hope it will be. There are people who think 100k will happen this month for example, because April is usually a great month for bitcoin, but the reality is that it has already gone up so much that it may fail to go up that much again, on previous years April was great because February and march wasn't always this great, this year February and march has been amazing and that is why April may not be that great.

I still believe that we will see an increase this month, and I still believe that we will see 100k in the future, I just think that it will not be this month. And there are waaaay too many people in the crypto world, we used to be a niche thing and now we are a very global mainstream thing, that is going to impact the prices even further later on.

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April 12, 2021, 07:31:37 AM
 #58

Your title is not the end, Really who says it's the end?? You should know that bullrun still early and based on the history, we will in the bullrun season until the end of the year, so you should stop to become panic and weak. You should strong and buy Bitcoin and altcoin as much as you can, I see a lot of correction of Bitcoin but I never say it's the end

Another bounce is happening right now and Bitcoin value is once agin above $60K, you should stop panicking if

you don't want to missed your opportunities and also not lose your money, buy and collect those coins that you

think may have a good potentials together with your Bitcoin investment. Lots of oppotunities just asess and make

sure to keep your patience high.
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April 12, 2021, 08:19:25 AM
 #59

I think people are always scared when it comes to retail buyers/speculators who have no intention of holding and are just storing their BTC on exchanges like Binance. They're always putting and adjusting their sell prices for sure, and some of them panic when 60k is not being broken, that's all.

Maybe this is it after all but that's okay for us who'll be here in 2025;)
And more often these people will go into panic selling and FOMO buying.

But to understand that they are also a trader, so they will usually make an adjustment as that the only way, every step-up and step-down of the prices gives an opportunity to gain profit. So I can't blame them for doing this because that is how the trading works. We can never expect them to hold longer but they mostly come along with the trend and immediately sell their coins when seeing some profit.

Only investors will think and hoping that Bitcoin will reach $60k, $80k, or $100k. And not all of us here are investors.


Panic selling and Fomo buying are together the entire basis of 99% of crypto markets history I would say! Even for Bitcoin in the beginning and until recently it was heavily affected by retail panic/fomo. Now institutions are in the same game I guess BTC is less fragile and less inflexible when it comes to that sort of spike but still, watch daily charts and see how easy it is for prices to just jump up or fall down. Fomo is still a very powerful factor:)

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April 12, 2021, 09:29:21 AM
 #60

Yeah multiple times now that Bitcoin breaking 60k and then falling down to 58k again and I doubt that if we will not break that 62k $ surely the value will fluctuate again.

What about other altcoins ? does the chance of climbing will be in topic once Bitcoin did not break that ATH?

Your title is not the end, Really who says it's the end??
Are you reading and understand the topic?
Quote
You should know that bullrun still early and based on the history, we will in the bullrun season until the end of the year,
HISTORY? what history? and who told you that Bullrun will continuously this year?
Quote
so you should stop to become panic and weak.
Stupid Noob, did OP show some weakness and Panicking? OP is Boosting bitcoin supporter .









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