Bitcoin's new All Time High (ATH) has been reached this year again (X2)

[Jating]

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend.  I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

Wise money went into bitcoin market in the last 24 hours, that's why altcoin didn't follow the trend of bitcoin. I think it's good though, at least investors knows where to put their hard earn money. I'm seeing some minor correction though, just normal that after reaching a new all time high, investors are selling to take profit. But yes, $70k is the next big target and hopefully we can reach it this month because the market is still in the bullish sentiments.

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[doomloop]

I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone,

In 2021, anything beyond $19,800 must be a new ATH and this way, we had multiple ATHes in first four months of this year and the current ATH is not second time we are seeing an ATH. Like you and many other people, I am also not surpriced on seeing the bounce back of bitcoin as it is a highly expected one.

what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.

Most altcoins may not see another new ATH here after as they might get dumped too hard and then might get delisted from exchanges. If you calculate ATH in USD value then some coins may try to satisfy you for the money you wasted with them.

[Johnyz]

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

[henmark]

Reaching the new ATH means we are going to be basically doing something even bigger. Anytime bitcoin breaks the record and reaches a new high it doesn't stop there and keeps going up. I believe that the same thing will happen here as well. It is obvious that we are in a bull run right now, we are going to reach 70k for sure and the 100k price is not looking that unusual right now.

Obviously it is not going to be easy but I believe that we are going to basically be reaching that kind of level if we keep this up. People need to realize that they are not doing something that is normal right now, buying at these levels means that you are at the start of the bull run and will make a lot of profit for sure.

[samcrypto]

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

[Wawa2013]

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

This is also possible and we cannot expect this market to keep on rising without such corrections, that's a normal trend.
If you do look at the market at a larger time frame, we are still going up and that means to me a lot, for me the future is still with cryptocurrency and Bitcoin. We are going to achieve that $100k before the year end, many are working on this to achieve it, for sure whales are working too.

It is true that there may be a correction before the Bitcoin price rises even higher, because indeed we cannot expect the price of Bitcoin to continue
to rise until the end of the year without a correction. If we see Bitcoin's price is now down 5% in 24 hours, it means that the correction has started
to occur, after previously Bitcoin managed to reach new ATH. But there is no need to panic if we see the Bitcoin price correction, we should take
advantage of that by buying more Bitcoin if we still have extra money. I expect the closer to the end of the year the Bitcoin price will be more
volatile, then do not be surprised if the price will move up and down significantly. For now, all we can do is be patient holding the Bitcoins we have,
or if it is possible to collect as much Bitcoin as possible. Hopefully the target of $100k can be achieved by the end of this year, then we can generate
large profits.

[Quidat]

Touching a new ATH is not surprising to me because the new ATH was nearby the previous ATH. I am expecting one more ATH which should be above $70K. But it was pretty surprising to me that all of the alt coins did not follow the Bitcoin trend.  I am assuming that the investors are playing with Bitcoin and did not concentrate it on altcoin. Most probably if Bitcoin is stable in a zone then investors would move to the altcoin and definitely, altcoin would start to move upward in case Bitcoin does not start the dump. As we know cryptocurrency is dependent on fresh investors so we have to wait and see.

It might not be surprising for some people but it is really something important or give out that boost of feeling into those situations on where we do see that bitcoin had reached up again a new all time high
and it was done twice of this year which is something that really proves out  that bitcoins ATH is something unknown yet because it does vary or depend on the demand itself.
For now lets just cherish and sell out to those who had make out some short trades and people who do decide to hold it for long no matter what.

[adaseb]

So far this is not the reaction I was looking for. Was expecting to go to $70K at least or if we were to pullback we wouldn’t go below the old ATH price of $65K. The way it’s trading it’s not looking too well. I think if we close below the old ATH on the weekly most likely we will get some sell off when the new weekly candle starts on Sunday.

It’s still possible we might break again however what happened earlier with those nasty flash crashes is not a good sign. Usually when exchanges get these flash crashes it means a pullback is going to come. Look at all the flash crashes we had in the past, most of the time it signaled a local top.

[Fundamentals Of]

They're also increasing actually but not as high as Bitcoin. This is understandable because the hype at the moment is all about Bitcoin and and not cryptocurrency in general. If you look at the news headlines about crypto, the talks are mainly focused on Bitcoin ETF in the United States. This means to say that people are more focused on Bitcoin and not on altcoins. The ETF for now is only for Bitcoin. But there are strong information that an Ethereum ETF is on the way. So I think this will also bolster Ethereum in the next days or weeks.

[GeorgeJohn]

Investors currently only look at Bitcoin without looking at Altcoins, so the effect is increasingly clear that Bitcoin can grow slowly with an increase in price of only a few percent,

Really investor's currently is looking at bitcoin via investment, but before now some investors looks directly to alternative coin's saying that is the best option someone adventure and make an accumulative profit via investment into cryptocurrencies, i can as well seeing bitcoin to give ATH a potential margin and approach since this year in price

but the opposite happened to Altcoins where they all couldn't increase like Bitcoin is now, so this is the real effect on the Altcoins that are now in the market.

When you scrutinized the marketcap of alternative coins it's noticeable that some of them is making a preferential approach, is not that alternative coins are stagnant or adamant in price increment, at least their are making small move but their movement in price can't be compared with bitcoin, besides , from my perspective bitcoin supposed to have more market bond than ATH

[traderethereum]

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

[pooya87]

but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.

You wouldn't be so surprised if you looked at altcoin prices against bitcoin instead of against USD. You can clearly see that not even a single altcoin has been capable of reaching 10% of the ATH they used to have back in 2017 (the super altcoin pump year). The only reason their USD price shows a rise is because bitcoin price has been going up otherwise they have been dumping hard over the past 4 years which is clearly visible in their price against BTC.

[sunsilk]

It is okay if the altcoins aren't doing that much but you have to look for a few of them because they're also going up. But with the usual cycle, if you're looking for the going up of the other altcoins.

They're going up whenever bitcoin's rise is already done. So usually, they're increasing after bitcoin's push-up. What if we see another historical move of bitcoin that we get to see for another ATH within this year and that's still possible.

mostly it is Bitcoin that makes the way starting the hype and then when it ends we will see altcoin following the move so Lets just Make this moment a Bitcoin solely moment and we will see some altcoins in the next.

i checked the market early today when i woke up and guess , i can't believe what I am seeing and thought i am still dreaming.

but after multiple refresh in the market indeed the price rose up to 66k lol.

I still feel the moment when I've also woke up and saw $66k.

But that's done already and we've seen it start to drop but this drop isn't painful as before. We've just came from where it is today and the pump that has happened yesterday was a success so congratulations to the profit takers.

We'll be back again there for sure.

[jaberwock]

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

It is obvious that it will make another one. We didn't drop that much down this time around, we had a 50% drop from ATH last time around and that was obviously a hard thing to come back from, looking at how things are right now, I can say that we are doing much better and the price is definitely much better as well. There is no scenario that we will be not reaching another ATH very soon.

I get that some people could be scared because the biggest falls happens from the biggest prices, we could literally fall 60% from the ATH this time around to reach the previous price, so it's scary. However we also wouldn't get any new highs if we didn't have the courage to keep on buying at high prices.

[traderethereum]

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

It is obvious that it will make another one. We didn't drop that much down this time around, we had a 50% drop from ATH last time around and that was obviously a hard thing to come back from, looking at how things are right now, I can say that we are doing much better and the price is definitely much better as well. There is no scenario that we will be not reaching another ATH very soon.

I get that some people could be scared because the biggest falls happens from the biggest prices, we could literally fall 60% from the ATH this time around to reach the previous price, so it's scary. However we also wouldn't get any new highs if we didn't have the courage to keep on buying at high prices.

After the bitcoin price gets down to $60k, the price is back to $61k, which gives us the profit.
This situation is still unpredictable because the bitcoin price can get down to the lower price or increase to the high price as the price goes up and down faster than before.
The drop yesterday makes some people worry if the price gets deeper, but hopefully, they do not panic and not sell their bitcoin instantly instead of buying more at the lower price.
We hope that the next scenario is bitcoin price will increase after getting a correction and many people use that moment to buy more bitcoin.

[Oasisman]

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

Well, that means trends like the 2017 - 2018 bull to bear transition cannot be recalled. So, we have to stop the comparison everytime Bitcoin is showing some resembling price flow in the past because we have totally different situation and a whole lot different market sentiments every year.
However, when the table turns the other end, we might experience a long bear, but who knows It wouldn't as worse as the 2018 because we have seen different methods of Bitcoin adoption today.

[Rajamuda]

I think bitcoin will not stop after reaching the second ATH and maybe it will make another third ATH in the rest of this month or end of this year.
It will not be a problem if the next ATH is reached for some time because we have to wait for that time to come.
While the price now has a correction, that will be our opportunity to buy back bitcoin after selling some bitcoin before at the second ATH.
I do not think altcoin looks very difficult to increase because the altcoin will get the right time to increase higher after bitcoin reach the next ATH.
Or altcoin will start to increase while bitcoin price is at a low price.

Because it is increasingly visible that Bitcoin has a strong role, the opportunity to reach a new ATH ... of course is still high, on ATH 3x, 4x and so on of course will still be there, it just takes a certain period of time while it continues to be in demand and more stock investors move to Bitcoins.
Yes, it's good that we can also look at the price movements of some altcoins, that's a good idea when Bitcoin is in a declining phase, even this is still a profit boost if you choose the right altcoins that have a stronger potential in their role.

[cryptomaniac_xxx]

This is my first time to experience in one year there’s two bull trend and making new ATH for the second time this year. I don’t know if this tells a possible long bear market but hopefully not at all. After making analysis, Bitcoin can still go high and the up trend is not end yet, we might still see a $100k on the last month of 2021. Just continue to monitor Bitcoin and do necessary actions to avoid any problem later on.

Well, that means trends like the 2017 - 2018 bull to bear transition cannot be recalled. So, we have to stop the comparison everytime Bitcoin is showing some resembling price flow in the past because we have totally different situation and a whole lot different market sentiments every year.
However, when the table turns the other end, we might experience a long bear, but who knows It wouldn't as worse as the 2018 because we have seen different methods of Bitcoin adoption today.

We’re on a different scenario now and yes, we should stop comparing Bitcoin to its previous trend because this year, Bitcoin made a new trend for hitting ATH for the second set of Bull trend. We’re in a situation now that most of us already know Bitcoin unlike before. Bitcoin today is way better, and we might see another set of up trend right before the year end, though if the price drops again I see that as a normal trend.

What's differentiate BTC to it's previous trend bull run is that:

a. We have institutional money flowing in the market in the last year or so
b. Big companies hedging their reserve asset to bitcoin and putting it in their balance sheet
c. Individuals hedging bitcoin against bad government
d. Whales and more whales coming into the market
e. Bitcoin ETF's, giving us some sort of acceptance from regulators.

And there could be more reasons why this current bull run will be different. And as expectations of hitting a conservative 6 digits at the end of the year.

[arufox]

In my opinion, the recent record ATH Bitcoin has given hope for a bullish market that will continue to strengthen in the future. Although the new ATH of altcoins has not yet been reached at the same time as bitcoin, I believe that altcoins will also spur significant increases to reach new ATH in the near future.

But we need to have more patients because the bitcoin price now is down to $63k and hopefully, that price will not go down below $62k. We are almost on the weekend, so we need to prepare if the correction still happens next week. But we have more chances to see another high price in the next weeks. The ATH for the altcoin will come as what we saw to bitcoin but we need to wait for more.

The bitcoin price is now down to $61k and that's a reasonable drop due to profit-taking. However, I don't think a September-like correction is likely to happen again. So far the crypto market is still in a bullish situation. therefore, a new ATH for altcoins is definitely coming.

[fullhdpixel]

The bitcoin price is now down to $61k and that's a reasonable drop due to profit-taking. However, I don't think a September-like correction is likely to happen again. So far the crypto market is still in a bullish situation. therefore, a new ATH for altcoins is definitely coming.

Even we are trading above $61k levels right now, earlier today, bitcoin was falling up to $58k levels which made me to have new calculations before we are thinking about getting into a new ATH. I guess for the remaining days of this month and the first week of November month, we may have only sideways market as market is lagging volume which might be due to lack of new investors. When more people are anticipating about bearish trend in January then we cannot expect more new people just 2 months before that.