60k price recovery achieved

[Slow death]

It seems that new history is happening today with bitcoin. Are you ready with the new ATH?.

anyone would have been wrong when making a price forecast for this year, no one predicted that a possibility of some bitcoin ETF being approved would trigger a large price increase capable of making it come close to or even surpass the old ATH, but the question here will be:

What if they don't approve an ETF? what will we see?

and if they approve the ETF what will we see later?

[1714745461]

1714745461

[DeathAngel]

Much more to come this year, much higher prices to come but this is a big relief to see. Many of us were terrified after seeing the price during all the China & Musk energy FUD. At $28,000 or whatever the bottom was I was scared I’d messed it up again by selling nothing, same as 2017.

What we are seeing is a repeat of 2013, two big peaks with the more explosive, blow off top yet to come. Expect over 100k per coin.

[samcrypto]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

We are about to make a new all time high now and since we are able to reach $60k mark again, I’m very bullish now with Bitcoin.

Sitting on a price of $61k as of posting, we might see the ATH this month so keep your eyes on Bitcoin for now since altcoins can’t pump that much while Bitcoin is on a roar. $100k at the end of the year are more possible now to happen.

[Johnyz]

I really have to say wow today with the bitcoin price. Last month I predicted that ATH $64K would still be quite difficult to achieve again considering that Chinese FUD continues to hit the market to affect the crypto market capitalization. Today all my prediction seem to be totally wrong because now bitcoin has almost touched $62K or -$2K from ATH ago. It seems that new history is happening today with bitcoin. Are you ready with the new ATH?.

Not yet, maybe this week since ATH is within a reach now. Indicators tells a lot and we are heading to a $70k mark this month or even on a higher price. Its good for Bitcoin to finally reach $61k again, that’s a bullish sign and congrats to those who are able to but at a dipper price. Chines FUD wont work at all, we too bullish for that.

[Hippocrypto]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

I now see the future that before December ends we will be embracing $100k per btc in reality, and it wasn't just a dream but a fulfillment. Many folks expected this predictions to happen anytime, but without any clue or any signs. Everything that has passed away did a very intense situation that we never expected to exist right now, and as price soars recently we've surpassed the challenges of $60k. Now we're heading towards $70k and up depending on how the market situation goes like.

[Oilacris]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

Wasnt really expecting for this thing to happen because i had already expected or anticipated that breaking the ATH would happen on next year considering that we are only 2 months away before this year ends

but it seems i was wrong because of the current condition of the market.I have searched up on whats the reason but it seems this do connected out with ETF but lets see on what would happen next.

For now to those who had bought earlier then it would never be a bad idea to sell of your coins for some short term profits and repeat on the same process.

[jossiel]

I now see the future that before December ends we will be embracing $100k per btc in reality, and it wasn't just a dream but a fulfillment.

We need to wait until it fulfills.

Everyone is targeting that price at the end of this year and it's very possible but we have to wait until it's there already.

Right now as it breached $62,600 it made a correction which is typical to $61,200.

[Oceat]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

It's surprising that since the ban in China the price has actually moved up, combine that with the fact that the most miners are now based in America and some US government have actually said some reasonably positive words about not legislating cryptocurrency too harshly - kinda sums up a nice environment for continued growth of the price into the future. We are now heading back towards the all the high which is only about 10% higher than it's current point and lots of previous bad news will already be incorporated into the price. The future is looking rather rosy, I wonder what will happen when quantitative easing stops and inflation starts to rise.

It's because people are getting used to their drama everytime Bitcoin hits the bull run and achieved a new ATH price. It's surprising to see Bitcoin price almost breaking the ATH this time, it's just $2k away and it soon going to meet that $64k.

I don't want to ruin the positivity of this price but it seems that $70k before the year end is almost possible. Bitcoin just need a little push and a good news then people will start to see the bright side of hodling.

I think it's time to get that profit that you want and enjoy the bullishness in this month. Don't be greedy enough guys, $100k is too far to reach yet so it's better to stick to the $70k as a resistance.

[thecodebear]

Will probably get a $5k-$10k drop this Fall. I bet we'll see $55k again this Fall. But I also expect we'll see maybe $75k this Fall as well, and possibly $100k or close to it this winter.

I'd just worry there is a lot of buying on the expectation of an imminent announcement of a Bitcoin futures ETF. Because that is basically pointless. Futures ETF is stupid and does nothing for Bitcoin. I bet that's gonna be a "buy the rumor, sell the news" type of event, the way we saw a big drop the day El Salvador started using Bitcoin.

Anyway, good to see the market starting to heat up again, but I do think we'll get a decent correction before the end of the year.

[Oasisman]

This rise isn't backed by any tweets or announcements (not that I know of at any rate) by any individuals, or, corporations, so I would expect that the price may rise about another $10,000 and then plateau at around $72,500 by year's end.

this increase is because of a possible ETF approval, note that just a few hours ago the price of bitcoin increased a lot as soon have this news:

BREAKING: Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie

bitcoin does not increase much in price without having some good news, unfortunately after this approval or delay or disapproval we will see the price drop as usual.

I seconded this.
Though there were no relevant tweets that causes the rise, but sure the ETF approval is where everyone's eyes is.
One of the main reason for the pump  is that investors were anticipating an approval from the SEC, thus another rally after the approval might take place. So, I guess we'll be heading to a $1000,000 run this year.

[STT]

Recent top hits a pattern, Im not surely its especially serious in being a top.   It hasnt played out previously in a negative way but its a reasonable scenario to watch



Above 59k it would only be a bullish pullback and Im not certain it does as much as that.  Over the weekend is often quite positive price action and we're close enough to the ATH now that I think thats the point the market wants to check off before moving anywhere especially strongly.

[TravelMug]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

And the price continue to soar because of the news about a Bitcoin ETF approval by the SEC.

So it's obvious that the next target will be a new all time high this month ($64k++).  So there's a lot of fomo again because of that news specially the timing that it did broke a whole number which usually is a big mental barrier for many traders. So S2F model is still on track this December to achieved 6 digits.

[adaseb]

So is it official proved or not? Going to Bloomberg they state that it “may” be open for listing on Monday. There were a few documents posted earlier today however none of them fully state that it was approved.

Some guy yesterday said that if they were to reject it would have to be today since October 18 is the day when it can launch. However I did some research and still don’t have a concrete answer on this.

So is the ETF actually approved or not?

[pooya87]

Finally the reverse bubble burst and the price went back to what it should have been at least 1.5 months ago if there were no FUD and panic sells. Now that the bear whales have lost significant amount of money we can expect very little resistance since there is no more shorters either, and see price soar to much higher prices.

The 4-year cycle continues and $400k+ is still the target I have my eyes on according to previous performances.

[mk4]

this price indicates another exciting bull season before the end of the year 2021.

How so? The price increase indicates that people are buying at these levels, but with no guarantees that this will continue on specifically before the end of the year.

[Fundamentals Of]

$60,000 price achieved but that's not all. There's more. The Uptober market is just the start of the bullish fourth quarter of 2021. $60,000 is not the target in this current bull cycle. That is just a mere stepping stone. The real target is the six figure. That should be at least $100,000. There's still a lot of time left. We are still in mid-October. The $100,000 target is locked within the last three months of the year. It is possible it would be reached in December. So let's not celebrate too much yet. The real celebration is in the coming months.

[adaseb]

Finally the reverse bubble burst and the price went back to what it should have been at least 1.5 months ago if there were no FUD and panic sells. Now that the bear whales have lost significant amount of money we can expect very little resistance since there is no more shorters either, and see price soar to much higher prices.

The 4-year cycle continues and $400k+ is still the target I have my eyes on according to previous performances.

The reason we are at $60K has nothing to do with the bears. If you were looking at the funding rates for the past few months they were mostly flat, maybe a little negative. And whenever we had a huge day with daily gains and if you looked at the liquidation data, there was hardly any liquidations during most periods.

Remember that $1.6B market buy order, I think only like $17M were short liquidations the rest were people opening up long positions. Something obviously was leaked that the ETF would get approved so people have been buying like crazy for the past few weeks. The large CME futures premium was another hint.

[michellee]

The price now reached $61k and I am still positive to see bitcoin will increase more than the price now. But before we see that happens, we might see many up and down trends of bitcoin so the price can move to any price we do not expect. But after what happened to bitcoin, I think the price will stay for a while to prepare for another lifting that can happen in a short time. This month will be bullish, so maybe we will see the last ATH reach before this month's end.

[pooya87]

The reason we are at $60K has nothing to do with the bears. If you were looking at the funding rates for the past few months they were mostly flat, maybe a little negative. And whenever we had a huge day with daily gains and if you looked at the liquidation data, there was hardly any liquidations during most periods.

It wasn't really flat and it has everything to do with the bears since it wasn't the bulls that kept on shorting bitcoin each time price tried to go back up and broke the momentum.

Something obviously was leaked that the ETF would get approved so people have been buying like crazy for the past few weeks. The large CME futures premium was another hint.

That's silly.

The news about ETF started recently, I think it was about 2 days ago while price has been rising non-stop for 19 days! Heck I personally consider start of the rise to be July 21 (~3 months ago) when the market reversed after reaching $30k but since there was a small downtrend between July 21 and today, I took September 28 as the start but you can clearly see the upward momentum.

It is possible that this nonsense news is contributing to the rise but it is not the reason for it.

[rhodelmabanal]

Ever since the Bitcoin all-time high price of 64k in April 2021 before it drops below 30k before recovering gradually and today another landscape was achieved with Bitcoin now selling for $60,234 this price indicates another exciting bull season before the end of the year 2021.

It is already been expected because the United States Securities and Exchange Commission (SEC) has decided to greenlight a futures-backed exchange-traded fund for the first time. First Bitcoin Futures ETF Could Start Trading on Monday so this is maybe the number one cause of the rising of btc price.