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Author Topic: Is $65,000 the peak of this bull market?  (Read 1195 times)
spiderbrain
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May 24, 2021, 09:59:39 AM
 #21

Do you think $65,000 represents the peak of the current bull market?

Yes. Bitcoin will never make another ATH.

But a new ATL™ is comming.

decodx (OP)
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May 24, 2021, 10:12:48 AM
 #22

Do you think $65,000 represents the peak of the current bull market?

Yes. Bitcoin will never make another ATH.

Why do you feel that way? Is there anything different about Bitcoin today compared to previous years when it reached new ATHs with each new bull run?
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May 24, 2021, 10:34:07 AM
 #23

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?
But Bitcoin did not even meet that 65,000$ mate so meaning either bitcoin is not finish yet or that 64k is the peak.

but no matter what happen , we are still the one that responsible for the prices of bitcoin.

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May 24, 2021, 11:03:15 AM
 #24

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?
I think I cannot say that 65k$ is the peak of the bull market, because we are far away from the end of bull market 2021 is not yet finish and i think there will be another peak that will come before this year end. So let just wait and witness the 2021 bullrun, i hold my bags till the end of 2021.
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May 24, 2021, 11:08:24 AM
 #25

Do you think $65,000 represents the peak of the current bull market?

I guess so, we might need more time to see that price again as we are heading to a bear market.

The hype is gone, Elon hype is gone so people have nothing to follow anymore.
I might be wrong, I would be happy if I am but this is what I'm seeing now, it's hard to expect something that I'm not convinced will happen.

$20k is possible, $10k is unlikely.
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May 24, 2021, 11:38:47 AM
 #26

Very high chance that yes. There isn't much hype about Bitcoin, there hasn't been any major positive news for a long time, only FUD. No new big institutions have publicly announced that they bought BTC or plan to adopt it, which was the main drive behind this bull run. Bears are dumping more coins than bulls can buy.
I think that it is already confirmed that it is the peak of the bull run since a lot seems to agree that we have reached the bear market right now. I guess we will just have to wait for it and see what happens next, the market doesn't have any way to go but up in the future.

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May 24, 2021, 11:43:30 AM
 #27

Do you think $65,000 represents the peak of the current bull market?
$20k is possible, $10k is unlikely.

Everything is possible. When the whales decides to dump, Bitcoin will most likely to fall below $10,000.
Though I also believe Btc hasn't peaked yet this year. I'm still not lossing hope on seeing a 6 digit figure Btc price.
We're still in the 2nd quarter, and there are still a lot of price actions that's going to happen.
Elon might be back with his another gimmick to hype up Bitcoin or other shitcoins.

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May 24, 2021, 11:47:57 AM
 #28

Very high chance that yes. There isn't much hype about Bitcoin, there hasn't been any major positive news for a long time, only FUD. No new big institutions have publicly announced that they bought BTC or plan to adopt it, which was the main drive behind this bull run. Bears are dumping more coins than bulls can buy.
I think that it is already confirmed that it is the peak of the bull run since a lot seems to agree that we have reached the bear market right now. I guess we will just have to wait for it and see what happens next, the market doesn't have any way to go but up in the future.
Well many people really says that 65k$ is the peak of the bullrun and believe that bullrun really ends but for me the end is far from now. The market is dumping but i still believe in the next few days bitcoin will still rise up and it's price may continue to rise just like from the past after the dip there is always a rising of the price so I am not afraid of it.

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May 24, 2021, 12:00:56 PM
 #29

Do you think $65,000 represents the peak of the current bull market?
But Bitcoin did not even meet that 65,000$ mate so meaning either bitcoin is not finish yet or that 64k is the peak.


All Time High
Apr 14, 2021 (a month ago)   $64,863.10
https://coinmarketcap.com/currencies/bitcoin/

It came pretty close to $65 k so I rounded it up to a closer value.
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May 24, 2021, 12:57:55 PM
 #30

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

$ 65k is not the peak of Bitcoin price this year, there will still be another peak after this correction,
yes, from the history of Bitcoin price, bitcoin price can be corrected up to 50% more to be able to continue its trend,
this is what makes crypto currency special, high volatility makes investors and traders like to play here, don't get lost, and learn technical analysis.

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May 24, 2021, 05:21:16 PM
 #31

Do you think $65,000 represents the peak of the current bull market?

Yes. Bitcoin will never make another ATH.

Why do you feel that way?

I studied the math and science of bitcoin and confirmed news sources.

Quote
Is there anything different about Bitcoin today compared to previous years when it reached new ATHs with each new bull run?


Yes. Now more people are aware that bitcoin has failed.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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May 24, 2021, 07:18:51 PM
 #32

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.

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May 24, 2021, 07:26:55 PM
 #33

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?

$ 65k is not the peak of Bitcoin price this year, there will still be another peak after this correction,
yes, from the history of Bitcoin price, bitcoin price can be corrected up to 50% more to be able to continue its trend,
this is what makes crypto currency special, high volatility makes investors and traders like to play here, don't get lost, and learn technical analysis.

You needed to have deeper understanding and willingness to gamble with fate, it's not the peak as we are still in this early quarter of the year, there are many possibilities that may happened.

If you are willing to take your place better to start now and have a better benefits once the market bounced back and bring another bullish momentum.

It's your decision to make from how you percepts the outcome of your investment, invest wisely..

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May 24, 2021, 07:32:00 PM
 #34

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.


It's too early to tell that the bulls is already winning. We are currently below 40K level which is a very crucial price for bulls since the price can close above that level since the dip occur. I'm not negative about Bitcoin but it feels like somethings gonna happened considering how slow the market recovers.
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May 24, 2021, 09:42:40 PM
 #35

BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?
I don't think so i am open with another peak I believe that 65k$ is not the final peak and in the few days from this moment there will be another rising of the price an the final peak will maybe occur by that time year 2021 has a good start of crypto market and i believe that it has also a good end so I'm waiting for the next higher peak than 65k.

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May 24, 2021, 09:59:09 PM
 #36

I believe we have not seen the peack of Bitcoin for the year despite the fact that we currently experiencing bear market trend. This is just an opportunity for minded investors to buy more and expect a new peack.

Yeah, BTC seems to have found a bottom around 31k level. From an overall perspective, it is great that the 30k level held.
Over the past 24 hours, the market price have shown signs of recovery. Looks like bulls are winning.


It's too early to tell that the bulls is already winning. We are currently below 40K level which is a very crucial price for bulls since the price can close above that level since the dip occur. I'm not negative about Bitcoin but it feels like somethings gonna happened considering how slow the market recovers.

How fast do you want the market to recover than the way is doing currently. Etha was below $2k as at yesterday and now as at the time of this post is trading around $2,600 and same margin with Bitcoin. How fast do you want the market to recover. And by tomorrow hopefully we should be talking about Bitcoin above $40k.
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May 25, 2021, 12:43:50 AM
 #37

The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.


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May 25, 2021, 06:49:14 AM
 #38

so far, it can be concluded. however, the current price has dropped and is below $ 40k. If there is an increase in price, I think it will be quite difficult for bitcoin prices to go up to $ 65k again, especially if there is no support. however, we don't know what developments are ahead, but if the price returns to pump quickly, it looks like there will be a new ATH this year.

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May 26, 2021, 06:19:17 PM
 #39

The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.
I think there was a lot of long futures that got screwed over in the drop and that will get higher and higher and that would mean that short futures would be doing something insane, there are TONS OF short futures and only a few long futures because of this difference and rules of arbitrage says that if you do have a long future right now that means you are going to earn way more than you normally would.

Basically you are betting 1 dollar and other side is betting 100 dollars, obviously they have a better chance but they are also risking so much more. That is why I think it is going to be quite fun to watch the price go up because everyone will be focusing on that. We even started already, and that 50k+ will come as well.

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May 26, 2021, 11:48:35 PM
Last edit: June 12, 2023, 01:14:54 AM by STT
 #40

All that bad news and yet it was still a relatively simple pullback.   By some measures it exceeded the 200 day average but by using main market charts which only include a 5 day week the price fell almost exact down to the big moving average most commonly followed.  The most simple and widely followed indicator, to pull back there is quite normal then yet there was a stack of bad news that occurred with that so my idea of weighing it up is that a proper negative would have pushed us further.   That might yet come but so far its not down much past profit taking. I already expected that some time this year as patience always wears thin and hot money will move onto the next big trade.
  Cooling and reheating is not especially a demonstration of weakness in the market is my take, sounds alot like how they make steel and thats how I view most action a necessary process to forge price action hence a new high remains possible.   The biggest clue would be ongoing monetary policy etc.  DXY remains low.

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