Will BTC Go for Another All Time High This Year?

[tokeweed]

Although I'm not very good at reading price movements from fluctuations, clearly I still strongly believe that bitcoin will still be able to reach new highs this year. However, from time to time until now, the development of bitcoin enthusiasts is increasing, the popularity and activities in it have been taken by many people for their lives, and more people are also being pushed by the situation that bitcoin is legit to invest, which promises more profit.
Some people say it will hit $100k in December this year, but that's just a prediction.

Honestly, we live here too optimistic even the reality is that we are entering the bear season. We can't hold the market and pushes it back high again as we are not in control of them. If the market will dump, that is a normal scenario. Remember that not all the time we are in the bull market, the trend has already changed and we are now on the declining trend.

We have Bullrun last 2017, it started to drop in 2018, and in 2021 the history repeat. This is a market cycle, have to accept this.

That’s the thing.  Denial’s a bitch.  And it will prolly take a couple more months before every one of us starts accepting that it really is a bear market...  But then again it’s also prolly what the market is waiting for before trending back up again.  

Anyway, the weekly close was weak.  Prepare for some chop.

[1715555360]

1715555360

[Dhaniii]

The sentiment around here seems kinda mixed.  WO thread seems slightly bearish but I see people in other threads that are slightly bullish.  So..  for the bulls out there, do you guys think BTC will break out of its recent high of 65k USD this year?  If yes, please explain why.

I don't think the whales broke above $65k by the end of this year, if it's below $50k and above $35k, it will. Don't be stuck with the next door neighbor, whose thread is always bullish, because by the end of this year bitcoin will bounce back at a satisfactory price.

[STT]

Bear market is a stock term, I first encountered that description in the summer of 2008 and we had lost 20% from the highs of that year I think.  However just after the bear market label popped up we rose for the rest of the summer quite well oil was $130 a barrel, them we came back to negatives in the Autumn of 2008 and Lehmans blew up and so on.     Its not an especially reliable way to trade or describe a market as we can easily rise.
 BTC is so volatile I would still not know for sure selling was over even if we beat the 200 day average at 45k I'd not assume.

[Saidasun]

I am as bullish as it comes with Bitcoin but I do think we won't be seeing any new ATH this year. Elon Musk will shit over Bitcoin and promote some meme coin which will cause a few waves for us for the next few months. Next year is definitely going to be a new ATH I just do not know how much that will be.

[ene1980]

That’s the thing.  Denial’s a bitch.  And it will prolly take a couple more months before every one of us starts accepting that it really is a bear market...  But then again it’s also prolly what the market is waiting for before trending back up again.  

Anyway, the weekly close was weak.  Prepare for some chop.

If you look through that lens then we could say that the market was not performing well for the past few weeks but there is nothing much to worry as anyone invested well before the rally started does not need to worry about his investment as you could book your profits even if they sell now, the market did not went down like everyone is projecting and i am not predicting that we are not going to rally in the next two months but i expect we will have a major market movement by the end of this year.

[dunfida]

Whatever you do, don’t look at the monthly chart.  -_-

It’s really looking close in entering another long bear market.  The weekly isn’t that much better too.  The daily chart looks like it has some hope tho...  Lol.  Which I find odd.

And I’m surprised there’s only 64 people who voted.  Seems like there’s like a hundred people itt.

Yes it is but its unavoidable for someone not to look at since we cant just be biased on only for single timeframe whjich means probability is there but since TA's isnt always precise then all things would be just a presumption.

It is indeed showing off another long bear market but what makes it more hard to tell or determine because it is now been a while it is moving sideways where we wouldnt even know on where it would be moving next.

For now the best thing to do is wait a bit for some entry buts its still on personal choice or decision though.

[Dhaniii]

Whatever you do, don’t look at the monthly chart.  -_-

It’s really looking close in entering another long bear market.  The weekly isn’t that much better too.  The daily chart looks like it has some hope tho...  Lol.  Which I find odd.

And I’m surprised there’s only 64 people who voted.  Seems like there’s like a hundred people itt.

Yes it is but its unavoidable for someone not to look at since we cant just be biased on only for single timeframe whjich means probability is there but since TA's isnt always precise then all things would be just a presumption.

It is indeed showing off another long bear market but what makes it more hard to tell or determine because it is now been a while it is moving sideways where we wouldnt even know on where it would be moving next.

For now the best thing to do is wait a bit for some entry buts its still on personal choice or decision though.

Yes, that's right, bro, right now it's good to just be quiet and not rush to make a decision, but you still have to be in front of the charts waiting for the right time to buy a whale. the weather has started to be good and the sea waves are still oscillating, sailors are still stuck between advancing or retreating. some sailors are not calm because the whales are often lost in the waves,,

[fuguebtc]

I don't see this happening this year. China's FUD is still spreading and shows no sign of cooling down. Recently, El Salvador recognized Bitcoin as legal tender. This sounds great news but still not enough to get the market green again.
I guess there will be no chance for BTC to hit all-time highs this year but I hope my prediction is wrong.

[tokeweed]

It’s looking bad guys...  9:00am in Asia BTC was sold down and 9:00am in Europe same thing happened.  It’s gonna be 9:00am in the US in 40 minutes or so.  I think it would be safe to assume there’s gonna be another sell down.  Check the weekly chart. If 28k breaks down, where’s the next support?

[bitbunnny]

It’s looking bad guys...  9:00am in Asia BTC was sold down and 9:00am in Europe same thing happened.  It’s gonna be 9:00am in the US in 40 minutes or so.  I think it would be safe to assume there’s gonna be another sell down.  Check the weekly chart. If 28k breaks down, where’s the next support?

True, it's not looking good but every experienced Bitcoin user know that patience is one of the most important qualities of Bitcoin investor as well as awareness that Bitcoin market is very volatile an sometimes also very sensitive when it comes to different influences like current situation in the world markets.
However, there is no need for sudden and rushed decisions although there is possibility that price goes down all the way to k20$. But like I've said, some patience is needed.

[Distinctin]

Although I'm not very good at reading price movements from fluctuations, clearly I still strongly believe that bitcoin will still be able to reach new highs this year. However, from time to time until now, the development of bitcoin enthusiasts is increasing, the popularity and activities in it have been taken by many people for their lives, and more people are also being pushed by the situation that bitcoin is legit to invest, which promises more profit.
Some people say it will hit $100k in December this year, but that's just a prediction.

Honestly, we live here too optimistic even the reality is that we are entering the bear season. We can't hold the market and pushes it back high again as we are not in control of them. If the market will dump, that is a normal scenario. Remember that not all the time we are in the bull market, the trend has already changed and we are now on the declining trend.

We have Bullrun last 2017, it started to drop in 2018, and in 2021 the history repeat. This is a market cycle, have to accept this.

That’s the thing.  Denial’s a bitch.  And it will prolly take a couple more months before every one of us starts accepting that it really is a bear market...  But then again it’s also prolly what the market is waiting for before trending back up again.  

Anyway, the weekly close was weak.  Prepare for some chop.

I'm always prepared for the outcome as I really think the market is already bearish. People might still continue to believe that it will bounce back, but honestly, it's not moving that way it's moving down trend and we could see bitcoin stay at $20k for a while.

We have a little bounce back today and we stayed at $30k, but I think it will not last and bitcoin will just go down again.

[romero121]

From the poll results it looks like users are more positive about the market. Particularly users are much with a bullish mindset than bearish mind. Maybe this can have some positive impact over the market. Apart from this manipulation from the whales could create a bullish trend.

Myself always used to have a prepared plan to face the worst market situation. Maybe that's a negative impression over the market. This time too myself have the same opinion and prepared for the worst.

[rahmatrf331]

It’s looking bad guys...  9:00am in Asia BTC was sold down and 9:00am in Europe same thing happened.  It’s gonna be 9:00am in the US in 40 minutes or so.  I think it would be safe to assume there’s gonna be another sell down.  Check the weekly chart. If 28k breaks down, where’s the next support?

True, it's not looking good but every experienced Bitcoin user know that patience is one of the most important qualities of Bitcoin investor as well as awareness that Bitcoin market is very volatile an sometimes also very sensitive when it comes to different influences like current situation in the world markets.
However, there is no need for sudden and rushed decisions although there is possibility that price goes down all the way to k20$. But like I've said, some patience is needed.

bitcoin starts to be pumped again and you will regret it if you don't have any assets invested at this time.
Investors are chasing the global stock market again because companies are currently releasing their financial reports in the second quarter of 2021, where investors hope that the company's financial statements will grow better and affect the movement of their shares.

[bbc.reporter]

Ark Invest bought more shares of Coinbase. This is another signal that could argue for bitcoin that it might make another all time high again this year. We might witness this on December before another bubble burst, very much similar to what we have witnessed on 2013 and 2017 hehe.

ARKK   Buy   COIN   COINBASE GLOBAL INC   76,562

Source https://247wallst.com/investing/2021/07/21/cathie-woods-ark-invest-buys-for-7-21/

[kotajikikox]

Ark Invest bought more shares of Coinbase. This is another signal that could argue for bitcoin that it might make another all time high again this year. We might witness this on December before another bubble burst, very much similar to what we have witnessed on 2013 and 2017 hehe.

ARKK   Buy   COIN   COINBASE GLOBAL INC   76,562

Source https://247wallst.com/investing/2021/07/21/cathie-woods-ark-invest-buys-for-7-21/

Very Similar means twill make another Bubble? like what happen in 2017? but we already Had more than enough Pump this year alone not to mentioned that Early growth last november - december 2020?
but it is good to see that there are another more investing entering the crypto world while others are bringing FUD.

I don't see this happening this year. China's FUD is still spreading and shows no sign of cooling down. Recently, El Salvador recognized Bitcoin as legal tender. This sounds great news but still not enough to get the market green again.
I guess there will be no chance for BTC to hit all-time highs this year but I hope my prediction is wrong.

China's FUD are already died mate , Have you seen some Bad News from them aside from the last  Banning?

[lightning0]

Since El Salvador accepted Bitcoin as legal tender, many people saw Bitcoin worth 100,000 USD.

1. About 77% of the international population now refuses to accept the Bitcoin law. This is also a long-term process, and this news will make other countries reconsider the definition of Bitcoin.

2. On July 31, the United States will continue to "release water" of US$248 billion. This news will also bring some benefits to Bitcoin. Some countries also issue additional currencies in order to stabilize their currency prices. These are all conducive to the growth of Bitcoin prices.

[gabbie2010]

I remember last year when it was 2020, BTC market is almost like this month, and suddenly BTC goin up and up, so if you asking BTC will rise to $65K, i said yes, its just what my feeling said, without analyse.
But if you asking analyse, the expert said BTC will go up after $40K, or maybe $42K for good foundation to jump, and BTC will go down to $20K if BTC still sit down around $30K in the next 3 months. DWYOR.

I also voted yes bitcoin always recover from any of it major correction or dumping exactly in the wake of Covid-19 first wave in 2020 the dumping of bitcoin price was massive then however price recovered and gain momentum till it broke last ATH to reach $65K, it price couldn't break the support at $29K to $30K after several attempts is a good indication of price reaching $65K before the end of the year coincidentally the price had rallied above $32K  possibly heading to $34K the next resistance thus 'slow and steady wins a race' it obvious the price will reach the target

[Questat]

Since El Salvador accepted Bitcoin as legal tender, many people saw Bitcoin worth 100,000 USD.

1. About 77% of the international population now refuses to accept the Bitcoin law. This is also a long-term process, and this news will make other countries reconsider the definition of Bitcoin.

2. On July 31, the United States will continue to "release water" of US$248 billion. This news will also bring some benefits to Bitcoin. Some countries also issue additional currencies in order to stabilize their currency prices. These are all conducive to the growth of Bitcoin prices.

Maybe people got hype actually, well, it's good news that bitcoin is considered as a legal tender but it will only create some big positive influence on the market if a big country will consider bitcoin as a legal tender. So, it's safe to assume that it will take time before people will fully adopt bitcoin as a legal tender, the main problem, for now, is the high transaction fee and most especially its price volatility.

[milewilda]

Since El Salvador accepted Bitcoin as legal tender, many people saw Bitcoin worth 100,000 USD.

1. About 77% of the international population now refuses to accept the Bitcoin law. This is also a long-term process, and this news will make other countries reconsider the definition of Bitcoin.

2. On July 31, the United States will continue to "release water" of US$248 billion. This news will also bring some benefits to Bitcoin. Some countries also issue additional currencies in order to stabilize their currency prices. These are all conducive to the growth of Bitcoin prices.

Maybe people got hype actually, well, it's good news that bitcoin is considered as a legal tender but it will only create some big positive influence on the market if a big country will consider bitcoin as a legal tender. So, it's safe to assume that it will take time before people will fully adopt bitcoin as a legal tender, the main problem, for now, is the high transaction fee and most especially its price volatility.

If we do just able to retain the current fees as of this moment of  writing https://mempool.space/ which is playing around $0.14- $0.18 then this would really be the best thing to be seen
but we know that fees arent that permanent because the more the transaction then the more it clogged then the more the fees would be paying up and its always been the main problem
on why bitcoin wont be accepted by vast or by majority of merchants or doesnt really get some consideration.

[DatKing]

I'm in the majority by thinking that Bitcoin price will reach another ATH level before the end of this year. And I think maybe it can even reach at least $100k. I strongly believe that we will leave the bull market behind after the summer in the worst case.