60k price recovery achieved

[Yamifoud]

it is true that bitcoin is recovering very quickly, and will most likely break through ATH in the next few days. I am very happy to see the pattern of bitcoin price movement this year because bitcoin reached its highest price twice during one year. I think this is a very difficult event to happen and maybe in the future we will not see an incident like this again.

The quick recovery of the price of bitcoin was a good achievement despite reaching an ATH mid year, the price crashed and dumped to almost as low as $39K due to some bad influence, inspite of all the negative tweets about bitcoin and banning of cryptocurrencies related activities in China, bitcoin defies all that and resumed it bullish trend which the price is currently experiencing, I believe in few days to come another ATH will be achieved going by the current volatility and momentum of the price I now believe that bitcoin is unstoppable.

We are heading to break the last ATH, very close to it as we are at $61,400 ATM. Although this seems not surprising but hasn't expected this huge recovery as the market price moves sideways in the past weeks coz I thought it will go back down after China banning issue.

Well, anyway...
This October gives some realization about how to become a holder and having some faith in Bitcoin well seems to get rewarded and here it is. If this current momentum will continue, $100k is not quite impossible.

[btc_angela]

I think we're struggling sideways at these top prices, its not yet a break through scenario.  Usually a good foothold is required to launch upwards and at present that doesnt seem ready.   A trader tells me its clearer on monthly bars and it might revise possible top pricing there still.   I think we remain convoluted, prices will revise downwards before a better attempt upwards appears.

Well that's always been the case when we are about to break psychological barriers price right? like breaking $48k, it took us many attempts, and so is the $58k. So this is no exception since we are breaking all time high.

And I also see some corrections if we ever goes to $64k-$65k this month. Just some minor correction and then goes back and leg up on November again.

[bitzizzix]

it is true that bitcoin is recovering very quickly, and will most likely break through ATH in the next few days. I am very happy to see the pattern of bitcoin price movement this year because bitcoin reached its highest price twice during one year. I think this is a very difficult event to happen and maybe in the future we will not see an incident like this again.

The quick recovery of the price of bitcoin was a good achievement despite reaching an ATH mid year, the price crashed and dumped to almost as low as $39K due to some bad influence, inspite of all the negative tweets about bitcoin and banning of cryptocurrencies related activities in China, bitcoin defies all that and resumed it bullish trend which the price is currently experiencing, I believe in few days to come another ATH will be achieved going by the current volatility and momentum of the price I now believe that bitcoin is unstoppable.

We are heading to break the last ATH, very close to it as we are at $61,400 ATM. Although this seems not surprising but hasn't expected this huge recovery as the market price moves sideways in the past weeks coz I thought it will go back down after China banning issue.

Well, anyway...
This October gives some realization about how to become a holder and having some faith in Bitcoin well seems to get rewarded and here it is. If this current momentum will continue, $100k is not quite impossible.

The last ATH will be missed in the near future, and Chinese FUD is no longer a concern because it is too frequent and boring and on the other hand the good and positive news outweigh the negative news.
and it looks like the positive news will continue and will gradually increase the price of bitcoin and will enter the new ATH and so on, and besides that investors are thinking smart in assessing Chinese FUD because it happens from time to time but does not affect the bitcoin price which continues to rise.

[Fredomago]

its hard to say about buying while as we know not everyone can do it but if majority will not sell at this stage maybe we can contribute towards the pump of the bitcoin since we cannot add up the sell pressure in the market. But its hard to speculate about this as we cannot decide for others and the only thing we can do is to wait and see on how this bullish season end up also if we can see another ATH this year for bitcoin.

Yes, you cannot expect everyone to keep constantly end up buying, there will be a situation where people will end up selling and that will be the situation we are in. If we had zero sellers, everyone just bought, then who are we buying from? Let's assume that instead of zero sellers, we have people who are selling right now and there are zero "new" sellers, that would mean that the price would skyrocket like insane, it would be 100k+ in a few days, a million dollars in a month.

The only reason why it ever goes down is the fact that there needs to be people who sell, it is true for all the markets in the world and everything that is sold or bought in those markets. This is also the reason why we go up as well, I mean if we had no buyers, or at least no new buyers then the price would crash insanely as well, we would be under 10k in a few days, so buyers make the going up part as well. So, it is quite normal to have this situation, it is normal market behavior.

The principle of supply and demand still exist, the logic of your statements dictates that the behavior still normal. If there are many investors who's willing to keep holding their coin, and sellers setup their plan selling value to much higher value, we might see more increase but it's not the concept of trading, there are day traders who continue to earn with whatever the market is bringing them.

They are aware of every potential and they are willing to go with the flow. These types of traders also have a good impact with the whole ecosystem, they are adding the weight either buying or selling positions.

[Slow death]

The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.

the big resistance is at $62000 and it was expected that every time the price does not reach $62,800 the price drops a lot towards the strong support zone which is at $58900, but the real reason it is not falling too much is the expectation that people have hope that later this month we will see the SEC approving some physical bitcoin ETF, this means that in case the sec delays or rejects any physical bitcoin ETF the price of bitcoin will drop a lot

[Luqman]

It seems too much for me, 200k by the end of this year? But everyone is free to speculate in this market.

Yes, everyone has the right to speculate or make a prediction. However, why don't make a reasonable prediction? $200k isn't something likely to achieve this year, it should be not enough time to go up to $200k. If we can see Bitcoin reaching $100k, I think we get a miracle this year. I just assume that Bitcoin can have the highest price around $80k. People will sell their Bitcoin at that price and the Bitcoin price begins to drop massively.

[ultrloa]

But its hard to say about buying while as we know not everyone can do it but if majority will not sell at this stage maybe we can contribute towards the pump of the bitcoin since we cannot add up the sell pressure in the market. But its hard to speculate about this as we cannot decide for others and the only thing we can do is to wait and see on how this bullish season end up also if we can see another ATH this year for bitcoin.

Just a little bit more bitcoin hitting ATH and the high in october was $62.5k but still not strong enough to hit it but I'm sure it can still hold on to $60k and people are still holding on to it and nothing else we can say just waiting for the next few weeks.

It's actually still the same way when bitcoin stayed at $50k for a few days and after that the price bounced up after the rally came, so it won't be any different than before and we'll definitely hit the target for ATH.

This is my speculation reminiscent of the previous one.

That is the biggest barrier so far, $63k-$64k might be difficult to break. But we still have this week though, it's been very unstable from $61k and up, which means there are a lot of constant buying and selling, we can see it in the volume per day.

So let's wait for a bit to break that barrier, I wouldn't be surprised if we can do it this week. I'm a bit off the last week though of October or at least of every month because that's where the selling happens.

People are so bullish so its not impossible for breaking that price this week but as you said it may be difficult to do since their are lot of sell pressure happening but I believe that the demand would come once it will touch at $63k and maybe that is the indicator for us if we can break that figures and maybe we can reach at $70k if that happen but let see there's still lot of time for this year and lets also see if bitcoin would really hit the $80k-100k price this year.

[Silberman]

I'm sure though we are not going to sell until we have $100k or more.

I don't know if I can still wait for that, or for some investors would wait for that price, you know, whales take advantage of easy profit and they could just sell to make the price dump again and they'll start accumulating again. We've seen a lot of correction already this year, so I believe that correction would come again once a new ATH will be achieved this year.

Everyone is free to employ whatever strategy that they want, if you think we are going to see a drop before we reach those levels then it is correct to think what you would do under those circumstances, however a great deal of the community is targeting the 100k level, and this is what it makes me very confident that we are going to reach that price, because even if the whales can manipulate the market at the same time not even them go against the overall trend and instead they take advantage of it.

[darewaller]

if you think we are going to see a drop before we reach those levels then it is correct to think what you would do under those circumstances, however a great deal of the community is targeting the 100k level, and this is what it makes me very confident that we are going to reach that price

I am not expecting a correction here after until we reach $100k levels. Probably we are going to have a very strong bull can from here after which is the reason that there will be no room for correction anymore in the remaining days of 2021. So, probably we might be having correction by the beginning days of 2022 because after bitcoin reaching some unbelievable price levels, people may start profit booking which might lead to a correction.

even if the whales can manipulate the market at the same time not even them go against the overall trend and instead they take advantage of it.

Whales just want money and what will be the benefit when one or group of whales are not working in the same direction of other whales and institutions. So, definitely everyone might be working toward $100k levels or more than that before end of this year.

[tippytoes]

if you think we are going to see a drop before we reach those levels then it is correct to think what you would do under those circumstances, however a great deal of the community is targeting the 100k level, and this is what it makes me very confident that we are going to reach that price

I am not expecting a correction here after until we reach $100k levels. Probably we are going to have a very strong bull can from here after which is the reason that there will be no room for correction anymore in the remaining days of 2021. So, probably we might be having correction by the beginning days of 2022 because after bitcoin reaching some unbelievable price levels, people may start profit booking which might lead to a correction.

even if the whales can manipulate the market at the same time not even them go against the overall trend and instead they take advantage of it.

Whales just want money and what will be the benefit when one or group of whales are not working in the same direction of other whales and institutions. So, definitely everyone might be working toward $100k levels or more than that before end of this year.

Don't be too confident that we will not have any correction in the next coming months because as we have seen in this market, everything is possible. The up and down movement is just a normal trend but I may agree that btc may not go down much anymore. I am still hesitant if we can reach the 100k level this year, but who knows, right? If you feel that there's the chance of reaching new ATH here, maybe time to accumulate more or hold your coins as much as possible.

[doomloop]

What we need now is breaking over ATH, it has historically been a very difficult thing, the moment you get close to it, it becomes a very difficult and hard thing but at the end of the day we do reach those levels and I hope that we reach those levels as well. What we are going to face now is that we should not be doing something stupid like selling as soon as we see a little drop, there will be some push back from the ATH levels and it will drop, but as long as we keep trying and buying constantly then we are going to end up with something profitable and good eventually. This is why I believe that as long as people are bullish and keep on buying then we will reach 70k+ levels for sure.

[bct-user]

I am not expecting a correction here after until we reach $100k levels. Probably we are going to have a very strong bull can from here after which is the reason that there will be no room for correction anymore in the remaining days of 2021.

Correction will always follow the increase of Bitcoin price, I am sure there will be still some corrections. We have no problem with correction as long as it is not the beginning of bearish. However, after Bitcoin price reaches $100k, most people must think to secure their assets by selling their Bitcoin immediately. I doubt if there will be massive selling at that time. Then, this actually triggers the beginning of bearish.

[arwin100]

I am not expecting a correction here after until we reach $100k levels. Probably we are going to have a very strong bull can from here after which is the reason that there will be no room for correction anymore in the remaining days of 2021.

Correction will always follow the increase of Bitcoin price, I am sure there will be still some corrections. We have no problem with correction as long as it is not the beginning of bearish. However, after Bitcoin price reaches $100k, most people must think to secure their assets by selling their Bitcoin immediately. I doubt if there will be massive selling at that time. Then, this actually triggers the beginning of bearish.

This happen always after price of bitcoin surge and mostly this was the start of the fud so for newbies they need to be careful on believing on what negative information spreading after correction strikes since if they believe on that situation then provably they will miss to earn or either lose their money for believing on unverified information they will get.

I don't also think we will see a massive selling since at this month people mindset is so bullish.

[Dhaniii]

Bitcoin has reached its latest price level of $64K on Wednesday October 20th. bitcoin is a very good investment and is in demand by institutional investors because bitcoin has a very fast recovery mode. from the price of $ 30k able to penetrate back to the price of $ 64k within 6 months or 1 semester. The bullrun market is happening right now and it is a special concern for investors, when is the margin peak of the current market price index, because when the top margin index is reached, the market will be bearish.

[leea-1334]

What we need now is breaking over ATH, it has historically been a very difficult thing, the moment you get close to it, it becomes a very difficult and hard thing but at the end of the day we do reach those levels and I hope that we reach those levels as well. What we are going to face now is that we should not be doing something stupid like selling as soon as we see a little drop, there will be some push back from the ATH levels and it will drop, but as long as we keep trying and buying constantly then we are going to end up with something profitable and good eventually. This is why I believe that as long as people are bullish and keep on buying then we will reach 70k+ levels for sure.

I do not really remember last year exactly but it felt like once $20k was broken it seemed relatively easy for price to just keep going up. I think the same is happening right now to be honest. We did not fall back from $60k,,, in fact just slowly adding more and more. A few hundred dollars away from 2021 ATH right now I hardly doubt we will fall back from the past week's patterns

[FanEagle]

It is obvious that people will have hard time understanding how hard it is to do what we did just now. We moved from 64k to under 30k to 64k again in literally just 5 months. It was late April I believe when we reached ATH right? So May, June, July, August, September and now back at it again on October, let's say 6 months or so, that's half a year. So in half a year last year we moved from 10k to 64k, then in half a year we moved from 64k to under 30k to 64k again.

This means, (obviously near impossible to hit it on the nail each time) if I spent 10k last year and bought one bitcoin, I could have sold it at 64k, bought back again at 32k and get 2 bitcoins, and sold again right now for 64k and have 128k. This means from September last year to October this year, I could have made 12x return on my bitcoin easily. These type of movements are INSANE when you think about it, 12x return on the highest coin, much more when you deal with smaller alts.

[LUCKMCFLY]

~
The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.

It is hard to predict how the market would perform, i was also monitoring the market to see how the market would go as i too wanted to take my position and i was expecting huge sell off but there is a decent buy wall and lets see how the market will perform in the next two days and will take a position. With the way the market is performing we might hundred thousand by the end of this rally.

Yes, the truth for me is uncertain to know what is the reason why BTC continues to rise, I have been watching the chart by tensorcharts.com, which I like a lot because it is a platform that gives real-time negotiations with the correct volume according to The Exchange, I have also reviewed the Shorts and Longs in tradingview and they are neutral, the truth is I think it is one or more whales that are buying and buying, it is for that reason that BTC continues to increase in price.

Of course this is my perception, in my opinion it may be influencing the entry of ETFs, perhaps the emotions of the traders is increasing, that is what I speculate for now.

[rahmatrf331]

~
The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.

It is hard to predict how the market would perform, i was also monitoring the market to see how the market would go as i too wanted to take my position and i was expecting huge sell off but there is a decent buy wall and lets see how the market will perform in the next two days and will take a position. With the way the market is performing we might hundred thousand by the end of this rally.

Yes, the truth for me is uncertain to know what is the reason why BTC continues to rise, I have been watching the chart by tensorcharts.com, which I like a lot because it is a platform that gives real-time negotiations with the correct volume according to The Exchange, I have also reviewed the Shorts and Longs in tradingview and they are neutral, the truth is I think it is one or more whales that are buying and buying, it is for that reason that BTC continues to increase in price.

Of course this is my perception, in my opinion it may be influencing the entry of ETFs, perhaps the emotions of the traders is increasing, that is what I speculate for now.

The launch of the first Bitcoin ETF in America, many beginners started to adopt bitcoin so that the bitcoin market jumped quickly from $60k to $66k in a week, then suddenly the market dropped rapidly to $60k again in two days, after I watched it turned out a lot investors try to find profits when the market has soared so that the market drops or declines sharply.

[bots1]

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.

The price of bitcoin has continued to strengthen since the last few days. Even Bitcoin again set a new record. Currently the price has broken through $63k on coinmarketcap. The trend of rising bitcoin prices was also followed by several altcoins such as ETH and BNB. Therefore, it is likely that the bitcoin price will not stop here, but continue to set new records that will even reach $100k by the end of 2021.

[Shasha80]

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.

The price of bitcoin has continued to strengthen since the last few days. Even Bitcoin again set a new record. Currently the price has broken through $63k on coinmarketcap. The trend of rising bitcoin prices was also followed by several altcoins such as ETH and BNB. Therefore, it is likely that the bitcoin price will not stop here, but continue to set new records that will even reach $100k by the end of 2021.

As long as Bitcoin is still above $60k, I believe Bitcoin is still in a bullish trend, meaning Bitcoin will continue to rise until the end of this year.
The past few days the price of Bitcoin seems to be strengthening and slowly starting to rise again, hopefully in the near future Bitcoin is able
to return to the ATH price that was achieved 6 days ago. If it turns out that Bitcoin managed to return to the ATH price, I am increasingly
optimistic that Bitcoin can reach a price of $100k by the end of the year.  What's nice about Bitcoin's rise is that the price of top altcoins
also goes up, because the increase in altcoins can indeed be affected by the increase in Bitcoin. This means that if we invest in altcoins too
we can make a profit. That is the importance of investing not only in one coin, so that when the market is bullish, the profit generated can be
obtained from several coins.