It's not the end, $60k again

[NeverSop]

The substantial increase today has been very large, many analysts are waiting for the price at $75k, I think the most difficult to overcome was the resistance at $60k, although it can be seen as a consolidation area to resist bearish attacks, perhaps a pool of liquidity that served the whales to lean on and be able to push the price to new price levels at this time.

In this article they show a possible scenario that could occur, they give a maximum up to $69k possibly.

If the bulls can drive and sustain the price above $61,825.84, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That could result in a rally to the pattern target at $69,540. If the momentum sustains, the next target to watch out for is $79,566.

Source: https://cointelegraph.com/news/price-analysis-4-12-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-xlm

Until today, a new ATH has been given: 63 287.88 USD

There is never an end. even in 2018, bitcoin collapsed like an historic bubble. Everything is over, we are in an exciting market and continue to be the new ATH ~ 63k $. It crossed the $ 60k mark after four repetitions. I think the $ 130k that the major institutional investors are targeting seems to have kicked in.

[LUCKMCFLY]

The substantial increase today has been very large, many analysts are waiting for the price at $75k, I think the most difficult to overcome was the resistance at $60k, although it can be seen as a consolidation area to resist bearish attacks, perhaps a pool of liquidity that served the whales to lean on and be able to push the price to new price levels at this time.

In this article they show a possible scenario that could occur, they give a maximum up to $69k possibly.

If the bulls can drive and sustain the price above $61,825.84, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That could result in a rally to the pattern target at $69,540. If the momentum sustains, the next target to watch out for is $79,566.

Source: https://cointelegraph.com/news/price-analysis-4-12-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-xlm

Until today, a new ATH has been given: 63 287.88 USD

There is never an end. even in 2018, bitcoin collapsed like an historic bubble. Everything is over, we are in an exciting market and continue to be the new ATH ~ 63k $. It crossed the $ 60k mark after four repetitions. I think the $ 130k that the major institutional investors are targeting seems to have kicked in.

You are right, although in 2017-2018 the uptrend ended very quickly, at least the Distribution stage lasted much less, of course it cannot be compared when they sell the whales, and the subsequent trend that was downward was not expected by most, It was believed that it could have reached $ 50k, but the market is so volatile that many bought at $ 20k and had to wait until 2021 to see profits, some did not hold and sold at $ 3k, when it almost touched $ 2k, those were times of great panic in the market, especially in 2019 when everyone believed and took for granted that Bitcoin was the bubble that would never make a profit again.

The era of Bitcoin is beginning, its first stage of accumulation and Distribution was successful, I believe that we have not yet reached the uptrend stage, that the whales of 2017 have not yet come into play, only the new whales and institutions are the ones that have moved the market.

[KTChampions]

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.

You're actually right with the growth for both markets and just recently there's a record high for both of them. For stocks, it has reached a $90-T market cap. Whilst for crypto, $2T for its entire market cap.

I'm preparing myself if ever that time comes that this high would stop and a massive correction would come. But from the looks of itself, that doesn't look happening anytime soon but if it will do, another time to endure all of the red days again in the market and time to stack some more sats.

Yes, we are facing difficult times ahead, I hope this will not follow the Japanese scenario, where the crisis has stretched for decades. It is quite easy to survive high inflation for several years if you have savings and work, but it is rather difficult to survive a crisis that lasts 20 or more years in the sense that you do not want to live half your life during a crisis  Even if during this crisis you accumulate a few extra satoshi)

[eaLiTy]

~
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.

The idea of cryptocurrency market as a savior against the fiat market will be tested soon if there is an economical crisis and with the pandemic in full swing in all of the major countries and the governments around the world trying different methods to contain the cash flow might harm the economy in the long run as the US alone printed out trillions during these phases and it will affect the economy and if that happens how it will affect the cryptocurrency market is a big question.

Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.

[lepbagong]

Anytime is the right time to get in the market, you can wait all you want but if the market continues to increase then you are just losing more bitcoin that you could have bought, and if the prices were to go down who knows that it is the lowest because we will know about it when it finally passes so with this uncertainties surrounding the market, waiting for the perfect moment isn't going to be good for you.

do not wait, of course, with a time that may occur quite a long time from the time you believe, if you do have a conclusion that there is a belief that there will continue to be a sharp increase in the future, every time is something that can be done. there is no time too late to enter the market when there is a conviction that has already occurred. because with belief, what we hope can come true.

[Stalker22]

-cut-
Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.

Aside from institutional investors, the second most important factor for Bitcoin's price increase is retail investors who are afraid of missing out on new opportunities in the digital economy and have decided to buy bitcoins.

However, it should be remembered that bitcoin's recent growth has been primarily driven by large investments, which may cause this cryptocurrency to yield more stable growth in the future, as opposed to previous fluctuations and bounces caused by media exposure and speculation.

[cryptomaniac_xxx]

-cut-
Another interesting aspect is that whether we will see the market moving higher because investors are afraid to invest in traditional assets because of these scenarios or are they taking advantage of the situation in the cryptocurrency market and pumping the prices so that they could book the profit and dump the coins.

Aside from institutional investors, the second most important factor for Bitcoin's price increase is retail investors who are afraid of missing out on new opportunities in the digital economy and have decided to buy bitcoins.

However, it should be remembered that bitcoin's recent growth has been primarily driven by large investments, which may cause this cryptocurrency to yield more stable growth in the future, as opposed to previous fluctuations and bounces caused by media exposure and speculation.

I would say that retail is still the backbone and they are the one that fuels market. But as of late they have been obviously outnumber by the huge capital this institutions have, nevertheless they are still ver important and relevant. So there will be FOMO, although because of the massive growth, retailers investments, I would say is about 40% and then the rest is pure institutional money.

[newwest]

With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

[Kemarit]

With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

Just look at the current price, we are above $30,000 right now, the dip that you are talking about it temporary maybe because of the GBTC unlocking but it is over now. The market is bouncing in the last 3 days, 24 hours = 3%, 7 days = 7%.

So $60,000 or more is still on track in my opinion. We still have the last quarter to make a final push. And usually that time, the price are going on a super fast rally. So we might see a repeat last year and who knows, the much anticipated 6 digits might be reach this year.

[Reatim]

With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

It is nearly reaching 35k because the price now is 33,600$ and still climbing  so basically after the dump we can expect Pump back and if 40k will be break this month then there is a high chance of this 3rd quarter will make big difference again since the whole 2 months of dumping.
since june we are struggling to een Reach 50k againfrom the highest price of 64k in may.

do not wait, of course, with a time that may occur quite a long time from the time you believe, if you do have a conclusion that there is a belief that there will continue to be a sharp increase in the future, every time is something that can be done. there is no time too late to enter the market when there is a conviction that has already occurred. because with belief, what we hope can come true.

I agree with this one, there is no time too late to enter in the market if we have believed about future price. Now is the good time for buy,  and for people who believe about the future of Bitcoin, you can start from now, not all in your funds because maybe another correction will come, but buy Bitcoin with an average down

Too late is being used by those investors that has enough allocated funds in which their target price already passed and that is why they called it too late though it does not mean they will never buy again.

[Dr.Osh]

With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

I think, for now, even getting to $45k is pretty good. however, after the dump of ATH, the price of bitcoin is really stable in this range. up and down is only in the range of $ 30k, and the lowest is $ 28k. well, I think it's really hard to expect $100k in a situation like this.

[Yamifoud]

With last month or more its nearly at 30k levels and as well had fallen below 30k too. Things now looks dicy as below 30k I am expecting a bigger fall. Good thing it has bounced back from that low and back to 32k, so only if it can sustain this levels and we see some push to 35k or above we might see it back to 40k. 60K not anticipating in this year now. 

I think, for now, even getting to $45k is pretty good. however, after the dump of ATH, the price of bitcoin is really stable in this range. up and down is only in the range of $ 30k, and the lowest is $ 28k. well, I think it's really hard to expect $100k in a situation like this.

Even $50k seems so hard to reach if the situation will remain like this. What I think about having in $30k-$35k range was good enough, that was still healthy to see. We have done already with the hypes and bullish season, now we have to prepare for the bear season as commonly will happen next. But the good thing is that we are able to keep the price at high and no such panic selling has done (at least) that's why we see that the price won't go down badly unlike last 2018.

[ILuckyGuyI]

It's still not the end of anything. The market is just having a bad period. It seems to be starting to recover now though. I've really missed to see the market as green. It's hard to predict whether this rise will continue for Bitcoin price. This means that the rest of the coins will also continue to rise. I wouldn't say no to a new ATH in Bitcoin price. But as I said, it's early to talk about things like this.

[LUCKMCFLY]

There is very good news, because BTC has a great bullish style movement, in addition to having appeared in the Olympics by the delegation of El Salvador, also some statements by Tesla, which something helps, the BTC is giving excellent indications to continue going up:

On the 4H chart, the rise of the main crypto is going on against the declining trading volume. It means that a slight correction may occur near the closest resistance around $34,000. Despite this, the mid-term scenario remains bullish.

Source: https://u.today/bitcoin-btc-price-analysis-for-july-24

I would like BTC to reach $60k again, but it is a matter of waiting to see how things continue to develop, the bears seem to be losing strength, which is something positive, however, do not neglect, any scenario is possible .

[dunfida]

It's still not the end of anything. The market is just having a bad period. It seems to be starting to recover now though. I've really missed to see the market as green. It's hard to predict whether this rise will continue for Bitcoin price. This means that the rest of the coins will also continue to rise. I wouldn't say no to a new ATH in Bitcoin price. But as I said, it's early to talk about things like this.

Common reaction for most people,they freak out when its dumping but they do have a boost up when its starts to recover which is a common behavior and not surprising.

When people would really realize and get used to it? As long market moves then theres always a tendency or chance that it could dump or reach out new all time highs.

This market would never end as long the demand would be continous.It is just a matter of time neither a new or still  bitcoin would able to take the lead.

[STT]

We recovered back to meet the still descending 50 day average.   It might be all at once we recover price action upwards again but I think it will take more time to transform the nature of movement from sideways as we still remain presently into having momentum once again upwards.   So the direction of the moving averages might matter more then the pricing alone, they are indicators really not resistance as roughly appears on the graph here thats just short term reaction.

[carrigan]

The market is just having a bad period. It seems to be starting to recover now though.

True. We are in the downtrend phase. The next phase can be another uptrend if the market can recover. But I am not sure to say the market recovery is starting already. There is a chance that this downtrend to last a longer time, maybe need several months again. Although some experts stated about a big chance of another uptrend in Q4 of 2021, it is something unpredictable. The worse scenario can happen, so you also need to prepare if it is the beginning of the bearish season.

[zanezane]

It's still not the end of anything. The market is just having a bad period. It seems to be starting to recover now though. I've really missed to see the market as green. It's hard to predict whether this rise will continue for Bitcoin price. This means that the rest of the coins will also continue to rise. I wouldn't say no to a new ATH in Bitcoin price. But as I said, it's early to talk about things like this.

You're right, people always saying it's the end or it's not yet the end as if there's going to be an end in this market, and even if there's one, I don't think that we will be seeing that end in about a half century or even a century. I hope that this isn't the biggest rise yet because I feel like this is just a temporary increase in the prices and I feel like we need to be cautious in treading the market because a lot of people have fallen for this kind of trap of thinking that the prices will continue to rise and them ending with losses because the prices slumped down again after a brief rise.

[jaberwock]

Too late is being used by those investors that has enough allocated funds in which their target price already passed and that is why they called it too late though it does not mean they will never buy again.

I am lucky enough that I never go fully into something and always have a bit of money saved aside to keep going into crypto when it goes down, however this time around I am done, I did buy a lot from 30-33k levels but that’s about it, I do not have anything left, sure I will reinvest when I get my salary, and will probably keep it there for a while for the first time ever instead of investing just a small part of it because I will not be needing that money for the first 10 days of august, so I can keep it there but then I will take it out, it’s a risky move that I have never done before, it will either mean I will make some money but if there is a big fall then I will lose it but I am fine with it, this time around my wife got a bit of money thankfully from a commission she made and we do not really "need" my money, still would be good to grow it of course .

[Mahanton]

Too late is being used by those investors that has enough allocated funds in which their target price already passed and that is why they called it too late though it does not mean they will never buy again.

I am lucky enough that I never go fully into something and always have a bit of money saved aside to keep going into crypto when it goes down, however this time around I am done, I did buy a lot from 30-33k levels but that’s about it, I do not have anything left, sure I will reinvest when I get my salary, and will probably keep it there for a while for the first time ever instead of investing just a small part of it because I will not be needing that money for the first 10 days of august, so I can keep it there but then I will take it out, it’s a risky move that I have never done before, it will either mean I will make some money but if there is a big fall then I will lose it but I am fine with it, this time around my wife got a bit of money thankfully from a commission she made and we do not really "need" my money, still would be good to grow it of course .

Im accumulating too when it hits 29k-33k price which i do tend to use up my savings for that even though its risky but look at on where we now? We had already touched 40k and it isnt really that a long time
wait but i didnt really take out profits and would instead accumulate while the market is really recovering.If we do able to hit 60k as ATH then there would be always a chance on breaking out those ATH's
and would set an another Ath in near future even though it isnt really still determined on when but at least we have seen similar scenario or could really compare on what happened in the past.
Always remember that we should only invest on the amount that we can afford to lose.