60k price recovery achieved

[milewilda]

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.

A good sign for bitcoin at the end of the year, but we also don't forget, any sharp rise like that will experience a very rapid decline, the end of the year is a good condition for bitcoin, whether it will be able to survive at the beginning of next year, given the market conditions that are so a fast rise will have an impact on the decline itself, although many people say bitcoin has recovered slowly, but we should be wary of a sharp decline early next year.

When the month of October had kicked in then there's some significant rise up on the price which is way more than on what we do have on September
but doesnt mean that we wouldnt really be having some possible correction on next month of November.We've seen new all time high price point
but after that the price had corrected but somewhat able to recover after than.It is actually a good time on making out short trades on that time since
price is way too movy.

[rahmatrf331]

When the month of October had kicked in then there's some significant rise up on the price which is way more than on what we do have on September
but doesnt mean that we wouldnt really be having some possible correction on next month of November.We've seen new all time high price point
but after that the price had corrected but somewhat able to recover after than.It is actually a good time on making out short trades on that time since
price is way too movy.

Does this also apply to buying bitcoin, isn't it buying on a rising market condition, we have to wait for a bigger increase to get the maximum profit, the price of one bitcoin today is quite high if we make a purchase, then how can we take advantage of it? I agree that if you buy an altcoin that is in the top 5 positions on CoinMarketcap, then we do a short trading pattern for profit, this is more rational and goes according to my understanding.

bitcoin is holding on to the price of $60k, bitcoin has repeatedly returned to the price of $60k as it weakens a bit to break through again on the new ath. now bitcoin is still in the red zone is struggling to get back into the green zone.

[darkangelosme]

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 expected by many people that Bitcoin will reach that amount by many crypto enthusiats that's why i think many people invested earlier so they gain profit now and the they taste the fruit of their waiting.

[Fredomago]

When the month of October had kicked in then there's some significant rise up on the price which is way more than on what we do have on September
but doesnt mean that we wouldnt really be having some possible correction on next month of November.We've seen new all time high price point
but after that the price had corrected but somewhat able to recover after than.It is actually a good time on making out short trades on that time since
price is way too movy.

Does this also apply to buying bitcoin, isn't it buying on a rising market condition, we have to wait for a bigger increase to get the maximum profit, the price of one bitcoin today is quite high if we make a purchase, then how can we take advantage of it? I agree that if you buy an altcoin that is in the top 5 positions on CoinMarketcap, then we do a short trading pattern for profit, this is more rational and goes according to my understanding.

Short term wise, I agree with you. buying top 10 alts are more profitable especially if you are only a small investor who can't afford to buy a whole Bitcoin, you can use your money to buy and hold good and quality alts or more on splitting your money to find good projects and invest in, wait till everything pumped high and bring you decent profits.

The thing here is how long you want to invest and how high you are willing to wait to maximize your earnings if you will going to use Bitcoin as token of your investment,.

[MrcMrc]

The bitcoin recovery phase is not over yet as the market slides below $59k as at the early days of this week. The most important aspect of the whole recovery process is that bitcoin constantly maintain a slow correction speed and have held strong to 60k above price.

[asrinur]

The bitcoin recovery phase is not over yet as the market slides below $59k as at the early days of this week. The most important aspect of the whole recovery process is that bitcoin constantly maintain a slow correction speed and have held strong to 60k above price.

Bitcoin has continued to show up and down price movements since early 2021 until now. While there has been a slight drop in price after hitting ATH a few days ago, it is still within the reasonable category. Bitcoin's bullish trend will continue until the end of this year. Therefore, for the resistance level, I see the price of $70k will be the next price target to be broken by the end of this year.

[Taskford]

The bitcoin recovery phase is not over yet as the market slides below $59k as at the early days of this week. The most important aspect of the whole recovery process is that bitcoin constantly maintain a slow correction speed and have held strong to 60k above price.

Bitcoin has continued to show up and down price movements since early 2021 until now. While there has been a slight drop in price after hitting ATH a few days ago, it is still within the reasonable category. Bitcoin's bullish trend will continue until the end of this year. Therefore, for the resistance level, I see the price of $70k will be the next price target to be broken by the end of this year.

The drop is what I think normal since we always see that happening specially when the price a new ATH and this one should needed to look closely by newbies since its hard to get FOMO will the market is continuously raging up and the current incident should be one to look up since if many will realize about good time to buy at the dip for sure many will earn even if market is red. Although its hard to spot the best position to buy but once you are aware on market movements we can possibly get a hint on what will happen  next.

[Lubang Bawah]

The current market is very solid and not too volatile, many experts believe that when the bitcoin price reaches more than $60k it will drop like in July which was below $30k, but looking at the current market I'm optimistic that the market will continue to rise and new ATH will continue to happen until december to reach $90k.

[jaberwock]

We should not be concerned with every drop, if we keep on focusing on the drops then we are not going to be making any profit when the time comes for higher prices. It is obvious that we should not be focused on what we have and instead focus on the future right now. Corrections happen all the time whenever we reach a new high, we always had highs and then drops, as long as drops are this small there is no problem. We reached a brand new ATH this month, that should be reason enough to think that we are doing fine.

Yes, there are many people who got scared and sold their coins, but it is clear to me that we should be feeling fine, just because some people got out doesn't mean that the market is crashing, in fact it is as strong as ever with high base price.

[carlfebz2]

The current market is very solid and not too volatile, many experts believe that when the bitcoin price reaches more than $60k it will drop like in July which was below $30k, but looking at the current market I'm optimistic that the market will continue to rise and new ATH will continue to happen until december to reach $90k.

On this community then we do really believe that price of bitcoin would always have the potential on breaking new all time highs and everything is really

still on question and no one would ever know on what would be next on line because price or this market itself is way too unpredictable.

Lots of speculations and anticipations do happen but still the market cant really be known on where it would be heading.

[STT]

Seems to be a large amount of indecision still within the price movement, currently just between the 2 day and weekly averages.    Im not sure how to intrepret it overall but surely sellers are still feeding weakness into the price action



Lows of today reflected weekly closing highs for the spring BTC pricing.   Its probably an important area still being bought up, good marker for positive or negative going forward would be for us to hold 59.6k

[24Kt]

The current market is very solid and not too volatile, many experts believe that when the bitcoin price reaches more than $60k it will drop like in July which was below $30k, but looking at the current market I'm optimistic that the market will continue to rise and new ATH will continue to happen until december to reach $90k.

On this community then we do really believe that price of bitcoin would always have the potential on breaking new all time highs and everything is really

still on question and no one would ever know on what would be next on line because price or this market itself is way too unpredictable.

Lots of speculations and anticipations do happen but still the market cant really be known on where it would be heading.

You can speculate on the possible market movements but you can already see some hints when you read the current news and happenings. Of course, it is still hard to know the market movement but you may think positively if you will read news like El Salvador bought another 420 bitcoins. So for me, it means, El Salvador has strong stand with their crypto involvement and this is good for the crypto community. The more support, the better, because it translates more demand of our bitcoin.

https://www.bloomberg.com/news/articles/2021-10-27/-el-salvador-buys-the-dip-and-acquires-another-420-bitcoins

[ivankoh]

I was thinking of 2 price reactions that could be recovered and created a new ATH in the short term.  1 is a correction market with 55k and straight up 72k, 2 is a market that goes quickly to 70k and returns to 55k before reaching 90k.  At this price range of $60k, the advantage is much less and that's why I think they will make a correction.

[Timelord2067]

As October draws to a close, the price of Bitcoin continues to stay above $60,000 (at the moment it'sabout $62,100) so it's not too far from the new all time high set earlier in the month.

Hopefully, investors will continue to be encouraged as economies come out of hybernation at we'll see $72,500 by year's end.

[saltomanx1x]

bitcoin has often been in the red in recent times, it looks like bitcoin is having a hard time breaking new ATH later this year. I see that to be able to penetrate the new ATH there must be a strong push.

[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.

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.

Yes, in fact the premise is that according to many investors, even the Stock Market predict that the price of BTC can reach $ 168k, and I think this goes much further. When we review the S2F model from PlanB we can realize that its first target is for $ 100k, and as it can be reached this year, however, when it reaches $ 100k it may drop suddenly, since many will sell.

I think that if it happens, and the price falls, the whales will eliminate the offer for that price range in order for BTC to continue to rise above $ 100k, in fact, it is presumed that this important movement will take place this December.

[Pamadar]

Yes, in fact the premise is that according to many investors, even the Stock Market predict that the price of BTC can reach $ 168k, and I think this goes much further. When we review the S2F model from PlanB we can realize that its first target is for $ 100k, and as it can be reached this year, however, when it reaches $ 100k it may drop suddenly, since many will sell.

I think that if it happens, and the price falls, the whales will eliminate the offer for that price range in order for BTC to continue to rise above $ 100k, in fact, it is presumed that this important movement will take place this December.

Better to anticipate that kind of actions when the price peak up to that level,

Early holders together with day traders are possibly cashing their investment out. That kind of opportunities will surely give them the idea to sell it out and make a decent amount of profits.

Then wait for good timing when correction takes place. We don't know or we can't accurately predict the market, but with good patience and trust, maximizing your profits is very possible if you aim and react accordingly.

[LUCKMCFLY]

For now, the price of BTC has remained above the value of $ 60k, it is a fact that it does not look like going down in price, however it is necessary for those who have doubts to have a Stop Loss that guarantees them that they will not go to miss.

For those who have their "take profit" at levels higher than ATH it is not bad, because we are starting the penultimate month of the year, 1 month ago it started very good for BTC, because it rebounded very well, but now we have to wait, they all have saved your expectations for December, however many things can happen, it is natural that some feel panic, others anxiety.

[jossiel]

For now, the price of BTC has remained above the value of $ 60k, it is a fact that it does not look like going down in price

Yeah, it's moving up and back to $60k at least.

however it is necessary for those who have doubts to have a Stop Loss that guarantees them that they will not go to miss.

This is for the traders but as a holder, I don't have any doubts and won't set any stop loss at this time. But the typical investors and traders would set that for sure just to be safe.

[mich]

Got me feeling like this new price point of 60k is the very absolute lowest we will ever see again for a Bitcoin.

Most of my fiat is already invested in Bitcoin but I do have a small portion set aside in the event it dips below 60k which I would be surprised if it does.