60k price recovery achieved

[bengsabeng]

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.

the red color often occurs because bitcoin is gathering energy to create a big push. this year the bitcoin price has always recovered quickly and this year we have seen the peak twice, so don't worry when the market turns red because bitcoin will recover and will reach a much higher point.

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[arufox]

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.

After reaching ATH a few days ago, we still hope the bitcoin price can continue to increase significantly until it sets a new record again before the end of 2021. The potential to continue to strengthen is certainly there. Given the graph of the increase is still strong until now and the demand in the market is also increasing. So, the next price target of $70k will probably be reached by the end of 2021.

[Pamadar]

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.

long-term goals will choose to keep their assets intact, but yes, short term or day traders are more on profits.

They will set it up and keep repeating the strategy, Keeps on rinsing and collecting possible profits / sure profits from each trades that
they'll going to execute.

Long-term traders will continue to buy and hold. Whatever the current value, it won't be an issue. They will embrace it with open arms.
believing that in the long-run, maximizing profits still the best and better way inside this market.

[dragonvslinux]

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.

long-term goals will choose to keep their assets intact, but yes, short term or day traders are more on profits.

This is very true. As a hodler, I am hodling since $5-10K levels, as the target has always been 6 figures minimum. But as a trader, breaking down below $60K could mean cheaper prices in the high to low $50Ks to consider. So there is always a small % to consider selling in order to try and buy back for cheaper, whether it happens or not, because it's simply a trading account.

Personally I've been focusing more on taking altcoin profits back to Bitcoin (>50%) in order to reduce risk and indirectly buying back the $40-60K range, in anticipation of much higher prices in the near future.

[wajik-tempe]

This is very true. As a hodler, I am hodling since $5-10K levels, as the target has always been 6 figures minimum. But as a trader, breaking down below $60K could mean cheaper prices in the high to low $50Ks to consider. So there is always a small % to consider selling in order to try and buy back for cheaper, whether it happens or not, because it's simply a trading account.

Personally I've been focusing more on taking altcoin profits back to Bitcoin (>50%) in order to reduce risk and indirectly buying back the $40-60K range, in anticipation of much higher prices in the near future.

That's a very good move when you have seperate trading accounts and investment accounts.
On investment accounts, holding the coins for a long time is the purpose and selling at the very high price in the future is the goal.
And on the trading account, speculating by placing a stop loss and want to buy the coins at lower price is okay because we need to earn daily profits from it.

[STT]

We seem to be wavering, some call it consolidation and so expect future strength but I'm not sure continually sideways cant resolve downwards, test a lower price for support.   We are below the weekly average now, I'm not clear on the range we might be in as I would not change my longer term stance until we breach something like 50k or the 50 day average.



59k here is the monthly average and also I remember this being some significant price previously.   Perhaps a reasonable target for those lower price action, mostly we seem stuck to prices about 60.5k to 63k

[Wawa2013]

This is very true. As a hodler, I am hodling since $5-10K levels, as the target has always been 6 figures minimum. But as a trader, breaking down below $60K could mean cheaper prices in the high to low $50Ks to consider. So there is always a small % to consider selling in order to try and buy back for cheaper, whether it happens or not, because it's simply a trading account.

Personally I've been focusing more on taking altcoin profits back to Bitcoin (>50%) in order to reduce risk and indirectly buying back the $40-60K range, in anticipation of much higher prices in the near future.

That's a very good move when you have seperate trading accounts and investment accounts.
On investment accounts, holding the coins for a long time is the purpose and selling at the very high price in the future is the goal.
And on the trading account, speculating by placing a stop loss and want to buy the coins at lower price is okay because we need to earn daily profits from it.

Everyone has different goals when buying Bitcoin, some have been buying Bitcoin for a long time and they will hold Bitcoin in the long term or until
their target is reached. There are also those who take advantage of the volatile Bitcoin price to trade, they can generate profits in the short term.
Both trading and investing are very profitable to do, it is up to each person which one is comfortable to do. If we want to do both, it's not a problem,
the most important thing is to have a different account to do it. So it's easier to manage, and the profit generated can also be separate,
so we can compare the two. But for me it's more comfortable investing than trading, so I'm not too worried if the price of Bitcoin experiences
a correction below the $60k price, or vice versa when Bitcoin suddenly returns to the ATH price. I'm only focused on buying Bitcoin when I have
extra money, and will only be sold when my target is reached.

[bitterguy28]

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 Yes after 5 days when you posted this one? bitcoin climbed the highest value again to 66,900 almost 67k to be exact .

All Time High
Oct 20, 2021 (17 days ago)   $66,930.39

this is the highest and maybe the ATH for this year as the struggle to break 70-75k is still there.

but of course lets look to what will happen in the next month as the end year approaching .

[awakpane]

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.

After bitcoin's price hit $67k and this is the second new ATH record since the first ATH last April. This indicates that the upward or bullish price trend will continue, as some experts have predicted that the bitcoin price will reach $100k early next year.

[Tellek Garing]

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.

I guest the year 2021 will bring about lots of exciting price and bitcoin may increase to as high as 70k before the year end. Bitcoin at this moment is selling for 61k and above which is already a significant account.

[Fortify]

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.

Investors were excited when the car salesman talked up bitcoin then were spooked into dumping when the car salesman talked the price down.  Time to move on and promote Bitcoin and it's full potential.

I think there have been lots of little announcements that have boosted the price up since it dropped back down. It becoming an official currency in El Salvador has given it a lot more credibility in the fiat currency world. Things like Mastercard planning to offer abilities for various cryptocurrencies in future is a huge boost to it - they are one of the few large payment card providers in the world and it will give huge accessibility benefits to Bitcoin when it gets going. Then we have lots of banks announcing that they have plans to allow cryptocurrency purchases in future. Collectively the trend is still positive and this could mean an even higher boost than what you're expecting.

[Japinat]

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.

After bitcoin's price hit $67k and this is the second new ATH record since the first ATH last April. This indicates that the upward or bullish price trend will continue, as some experts have predicted that the bitcoin price will reach $100k early next year.

If you are bullish of course you'll believe that the uptrend will continue. However, if you look at the movement of bitcoin now, it's still tricky as it hasn't moved to $60k+ that could easily break its ATH, and with this kind of movement, there's a possibility that it will dump again before it will try to bounce back and probably break the current ATH.

Look, it wasn't as bullish now compared to when bitcoin hits its ATH prior to the current, so as I said, it's very tricky, we have to be careful with analyzing the price and don't assume that the market is bullish because of the bullish sentiment.

[the ghabbar]

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.

There is a price pullback from before, caused by several influencing factors, another landscape is starting to be achieved at this time, although at first it also experienced a not too big correction, a sign that bitcoin is being played in the market to reach a good peak at the end of the year, even a lot sources say the end of 2021 bitcoin will reach its highest price than before.

[SquallLeonhart]

I think there have been lots of little announcements that have boosted the price up since it dropped back down. It becoming an official currency in El Salvador has given it a lot more credibility in the fiat currency world. Things like Mastercard planning to offer abilities for various cryptocurrencies in future is a huge boost to it - they are one of the few large payment card providers in the world and it will give huge accessibility benefits to Bitcoin when it gets going. Then we have lots of banks announcing that they have plans to allow cryptocurrency purchases in future. Collectively the trend is still positive and this could mean an even higher boost than what you're expecting.

I believe that those small news that happened do not really impact the price right now. El Salvador was a great thing but the day it happened we had a crash, probably man made manipulation as we can guess but those type of stuff are not the main reason why we are seeing these increases over 60k.

I believe that people are hyped about it again and that's it, you do not even need a proper reason to be hyped about something, it could be hyped anyway. So, I believe that we should just let it be, do not search for a reason and you will just be fine. I hope that it will get better, it should be higher than even 100k and we do not need any news for that at all, just a bit higher, then people get hyped and buy more and more and FOMO becomes real and suddenly you see it skyrocketing like crazy. This is why I believe that we are doing fine our own without needing any external push.

[Kemarit]

I think there have been lots of little announcements that have boosted the price up since it dropped back down. It becoming an official currency in El Salvador has given it a lot more credibility in the fiat currency world. Things like Mastercard planning to offer abilities for various cryptocurrencies in future is a huge boost to it - they are one of the few large payment card providers in the world and it will give huge accessibility benefits to Bitcoin when it gets going. Then we have lots of banks announcing that they have plans to allow cryptocurrency purchases in future. Collectively the trend is still positive and this could mean an even higher boost than what you're expecting.

I believe that those small news that happened do not really impact the price right now. El Salvador was a great thing but the day it happened we had a crash, probably man made manipulation as we can guess but those type of stuff are not the main reason why we are seeing these increases over 60k.

It's really two fold in this market, majority buy the news that's why there are FOMO. While whales try to manipulate it by putting a big chunk of sell order to scare small to medium traders and that's what probably happened in the El Salvador news.

I believe that people are hyped about it again and that's it, you do not even need a proper reason to be hyped about something, it could be hyped anyway. So, I believe that we should just let it be, do not search for a reason and you will just be fine. I hope that it will get better, it should be higher than even 100k and we do not need any news for that at all, just a bit higher, then people get hyped and buy more and more and FOMO becomes real and suddenly you see it skyrocketing like crazy. This is why I believe that we are doing fine our own without needing any external push.

Once that hype is build up, it will be called FOMO then, but so far the only the news that will hype bitcoin investors is the Taproot activation which will happen in the second week of this month. So let's see if I'm correct that it might be the catalyst to push the price to a new all time high this month.

[elisabetheva]

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.

After reaching ATH a few days ago, we still hope the bitcoin price can continue to increase significantly until it sets a new record again before the end of 2021. The potential to continue to strengthen is certainly there. Given the graph of the increase is still strong until now and the demand in the market is also increasing. So, the next price target of $70k will probably be reached by the end of 2021.

Actually, when October could increase, the same as the forecast in 2017 which increased by 47.81%, it is certain that October has reached $70K, unfortunately during the last week of October there was a correction so that the increase in October was not maximal at only 39.93%.

the beginning of november the first week was not so good it was a minus, and now it is at an increase of 1.1%, we hope that bitcoin can increase by more than 2017 which is at 53.48%, can bitcoin do well ?  there will always be surprises and bitcoin will be able to do.

the end of the year bitcoin should be able to reach $100K + and this will be seen from the increase at the end of november, if it can be the same as 2017 alone there has been an increase that can be experienced by bitcoin. We hope that the resistance at $70K can be surpassed by the end of November so that year-end results can be maximized.

[Fredomago]

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.

After reaching ATH a few days ago, we still hope the bitcoin price can continue to increase significantly until it sets a new record again before the end of 2021. The potential to continue to strengthen is certainly there. Given the graph of the increase is still strong until now and the demand in the market is also increasing. So, the next price target of $70k will probably be reached by the end of 2021.

Actually, when October could increase, the same as the forecast in 2017 which increased by 47.81%, it is certain that October has reached $70K, unfortunately during the last week of October there was a correction so that the increase in October was not maximal at only 39.93%.

the beginning of november the first week was not so good it was a minus, and now it is at an increase of 1.1%, we hope that bitcoin can increase by more than 2017 which is at 53.48%, can bitcoin do well ?  there will always be surprises and bitcoin will be able to do.

the end of the year bitcoin should be able to reach $100K + and this will be seen from the increase at the end of november, if it can be the same as 2017 alone there has been an increase that can be experienced by bitcoin. We hope that the resistance at $70K can be surpassed by the end of November so that year-end results can be maximized.

That kind of expectations still possible, if history will repeat itself and if have that same pressure, we might see how well Bitcoin will performed, long-term investors will continue to hold and will patiently wait for this forecast to achieved, while scalpers and day traders will also continue doing what they think is best for their investment,.

We can't conclude what are the real score before the year will end, but the fact that we experienced this new ATH and expecting another one to come up is good enough for believers and holders.

We might see more or we might experience correction again.

[LUCKMCFLY]

I think there have been lots of little announcements that have boosted the price up since it dropped back down. It becoming an official currency in El Salvador has given it a lot more credibility in the fiat currency world. Things like Mastercard planning to offer abilities for various cryptocurrencies in future is a huge boost to it - they are one of the few large payment card providers in the world and it will give huge accessibility benefits to Bitcoin when it gets going. Then we have lots of banks announcing that they have plans to allow cryptocurrency purchases in future. Collectively the trend is still positive and this could mean an even higher boost than what you're expecting.

I believe that those small news that happened do not really impact the price right now. El Salvador was a great thing but the day it happened we had a crash, probably man made manipulation as we can guess but those type of stuff are not the main reason why we are seeing these increases over 60k.

I believe that people are hyped about it again and that's it, you do not even need a proper reason to be hyped about something, it could be hyped anyway. So, I believe that we should just let it be, do not search for a reason and you will just be fine. I hope that it will get better, it should be higher than even 100k and we do not need any news for that at all, just a bit higher, then people get hyped and buy more and more and FOMO becomes real and suddenly you see it skyrocketing like crazy. This is why I believe that we are doing fine our own without needing any external push.

You are right about the FOMO, but it is necessary to highlight something, in recent months we have seen that the BTC market has grown in a monumental way, new investors, new speculators, therefore the more demand the supply decreases and the price increases, What we must be clear about now is what will happen in the event of a possible strong trend or correction? Those who trade in the short term, sometimes do not have time to react, but in the long term if you can give yourself some time to protect yourself, at this moment $ 60k is one of the best prices, in fact one could speak of a possible zone of liquidity to resist the onslaught of a bearish trend, this puts in context that the $ 60k level may be vulnerable when bears strike when least presented to them, or that longtime BTC investors go short to Buy and lower the price, all these possibilities are there, that is why sometimes a small percentage of BTC could be had with a Stop Loss not so big, but bearable.

[asrinur]

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.

Since the bitcoin price managed to break the new ATH record it reached a few days ago, the upward trend in the price will continue in the rest of 2021. Even after the bitcoin ATH break a few days ago, many analysts predict the bitcoin price towards $100k early next year. Therefore, if you are a long-term investor, don't worry when the Bitcoin price drops slightly, take this opportunity to buy.

[poldanmig]

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.

Since the bitcoin price managed to break the new ATH record it reached a few days ago, the upward trend in the price will continue in the rest of 2021. Even after the bitcoin ATH break a few days ago, many analysts predict the bitcoin price towards $100k early next year. Therefore, if you are a long-term investor, don't worry when the Bitcoin price drops slightly, take this opportunity to buy.

Bitcoin price increase is now welcome for those who dare to buy when the bitcoin price was around $45-$50k at that time, many thought that bitcoin would experience a lower price decline due to sentiment from the chinese government, but in fact now bitcoin has been able to break again the new ATH, I think with strong fundamentals, we don't need to doubt the price of bitcoin because so far bitcoin is very suitable for long-term investment as @asrinur said.