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

[TheEconomists]

The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here

well the price came to $67000, this is new ATH and about to fall, I think you're wrong, the price is far from falling, as I said in the last post, with this ETF animation the price won't fall anytime soon, we have It is necessary to forget about this possibility so soon, it is enough to see that the price has reached the new ATH but has not yet fallen as much as it did in the past. this is a sign that it will still go up

Well, he has failed to provide any supporting evidence on why Bitcoin price will fall as he claimed in time to come and though no one has made any claim for Bitcoin price not falling but it shouldn't be as he sounds loud in his submission.

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[dezoel]

As expectations, we are looking for 6 digits at least. It might be too high of a expectation, but we all know how Bitcoin's bull run it, there's a lot of FOMO and no body can really stop it, not FUD. And what's more if we have a lot of good news next month like Taproot and ETF. So still the future looks bright and let's wait what December will bring to us.

Every four cycle bitcoin gets 10x rising which means we may get into 6 digits this year but I am afraid of what are the consequences of pandemic going to influence into current bitcoin's four year cycle. I mean pandemic and its consequences must be the biggest difference we have right now from the previous four year cycles of bitcoin. Probably people might allocate lesser fund than usual this time for bitcoin investment still considering the new investors (institutions and governments), I guess we may not experience any such differences.

I agree bitcoin Taproot upgrade might be playing a big role how segwit activation played in 2017. We entered into November month still we are trading below to April's ATH. This month must be a crucial one to decide where we are going finish off this year.

[the ghabbar]

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, 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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

There are many reasons that influence bitcoin to reach new ATH twice a year, but the most basic is how investors play the market to make bitcoin continue to rise without stopping, this condition is what they continue to take advantage of to make bitcoin more valuable, but there will come a time when they make bitcoin drops at a price below normal, that's when they take advantage of large purchases of bitcoin, unlike the popular altcoins in the market, they will not be able to reach bitcoin like twice a year.

[Kemarit]

As expectations, we are looking for 6 digits at least. It might be too high of a expectation, but we all know how Bitcoin's bull run it, there's a lot of FOMO and no body can really stop it, not FUD. And what's more if we have a lot of good news next month like Taproot and ETF. So still the future looks bright and let's wait what December will bring to us.

Every four cycle bitcoin gets 10x rising which means we may get into 6 digits this year but I am afraid of what are the consequences of pandemic going to influence into current bitcoin's four year cycle. I mean pandemic and its consequences must be the biggest difference we have right now from the previous four year cycles of bitcoin. Probably people might allocate lesser fund than usual this time for bitcoin investment still considering the new investors (institutions and governments), I guess we may not experience any such differences.

Of course, we can't go on parabolic rise, majority of us here knows that, sooner or later the bearish cycle will appear whether we like it or not. But as we have been in this crypto market and have seen the ups and downs, for sure we are going to be prepared again for this long crypto winter.

I agree bitcoin Taproot upgrade might be playing a big role how segwit activation played in 2017. We entered into November month still we are trading below to April's ATH. This month must be a crucial one to decide where we are going finish off this year.

Hopefully it will have enough push and it will be the catalyst for that 6 digits run that everyone is expecting. Yes, this last 2 months will be critical, but I'm leaning towards a positive end for this year.

[BuNga_cute]

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, 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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

There are many reasons that influence bitcoin to reach new ATH twice a year, but the most basic is how investors play the market to make bitcoin continue to rise without stopping, this condition is what they continue to take advantage of to make bitcoin more valuable, but there will come a time when they make bitcoin drops at a price below normal, that's when they take advantage of large purchases of bitcoin, unlike the popular altcoins in the market, they will not be able to reach bitcoin like twice a year.

Because the price of Bitcoin moves based on supply and demand, of course the strongest reason why Bitcoin can reach new ATH twice is that
more and more new people are buying Bitcoin, while the supply of Bitcoin is limited. Maybe after Bitcoin hit its first new ATH price of the year,
Bitcoin is getting hype and more and more people are FOMO, finally Bitcoin can reach its second new ATH. There is even a possibility that Bitcoin
could reach another new ATH price before the end of the year. Because Bitcoin's performance this year has been extraordinary, Bitcoin has proven
that it is the most profitable compared to other assets. So it's not only ordinary people who start investing in Bitcoin, even many institutions decide
to invest in Bitcoin this year as well. This positive trend eventually continued to push the Bitcoin price up, then related to the price of altcoins
not reaching new ATH twice like Bitcoin, That's because many investors are focused on investing in Bitcoin, which dominates the market. So altcoins
are having a bit of a hard time going up right now, but don't worry for popular altcoins will definitely go up, but indeed we have to be patient waiting
for altcoins to rise to reach new ATH.

[Silberman]

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

But we never know when the bull run will be over, just ensure a profit and you'll not worry going forward.

The previous bull run that was achieved in the year 2017 was around $20k, now we are trading at $60k that's after almost 4 years of a bearish market, so let's enjoy this moment as when the bearish market will come again, it might be long and that we have to wait for a new bull run to come again.

I doubt that the next bear market is going to be as bad as the one that we saw after 2017, it is true that at some point when the bull market is over we will see a crash, but now we have institutional investors in the market and if they see the price going down too rapidly they will protect it by buying more bitcoin at cheap prices while at the same time defending the levels at which they bought so they do not suffer massive losses, so I do not think the crash will be as big as the one we saw back then.

[Baofeng]

Bitcoin's dominance is still within range, just like in the last bull run in 2017.

And I do agree, it's a prime mover so no doubt that everyone is on it since the beginning and I'm sure there still a lot of long term bagholders in this community.

And it is far more evident now that it become a safe haven and then become a hedge for companies in their balance sheet.

But we never know when the bull run will be over, just ensure a profit and you'll not worry going forward.

The previous bull run that was achieved in the year 2017 was around $20k, now we are trading at $60k that's after almost 4 years of a bearish market, so let's enjoy this moment as when the bearish market will come again, it might be long and that we have to wait for a new bull run to come again.

I doubt that the next bear market is going to be as bad as the one that we saw after 2017, it is true that at some point when the bull market is over we will see a crash, but now we have institutional investors in the market and if they see the price going down too rapidly they will protect it by buying more bitcoin at cheap prices while at the same time defending the levels at which they bought so they do not suffer massive losses, so I do not think the crash will be as big as the one we saw back then.

In any case though, this will be the first time that we will have a bearish market with that bitcoin narrative. So probably it could be different in 2022 or whatever bear market will come, or just the same with the 2018 and it's subsequent crash as we are still functioning well inside the 4 year cycle. Although I believed that there could be two super bullish cycle in the coming months.

[awakpane]

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, 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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

[btc_angela]

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, 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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

Forget about alt coins though, majority of them are just for pure pump and dump.

Yes, some of them could have their own bull run and even has a higher return that BTC, but they are more move volatile and risky. Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

[rhomelmabini]

Few days from now the Taproot activation will be realized, I wonder what could be the impact of it in the market. Will there be a drop even though we expect it by reaching a new all-time high at $69k or will it continues to rise because of this update? What's your thoughts to the possible price after Taproot activation?

[Poker Player]

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

[onecall123]

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

[lixer]

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

That has been the case for 7+ years as far as I can remember, 2014 had a huge spike and then a fall, we are in 2021, so that’s 7 years. It probably happened before as well but I don't know, I haven't checked, I was here on 2014 and that’s the first increase and then correction that I have seen.

However, imagine a world when the price is 65k dollars and people say "it dropped", I mean I wouldn't even dream of 65k in my wildest dreams just few years ago, now we are considering it a low number and expecting it to go a lot higher. I do not think that we are in a huge bull run, those are the times when bitcoin does x10 and we are not there at all, yet it is still a good situation to be in right now, it is definitely going up, not a huge amount but it still broke the ATH again.

[Jating]

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

It there's something that history will tell us, November/December is a positive month for bitcoin. Even during the last bear cycle, we will see some occasional pumps, specially in December for profit taking. So what's more if we are in a great and super fast bull run right now. I'm not worried for those who sold to take it's profit, for sure they are going to buy again when the price is cheap and wait for the price to reach $70k-$80k again before doing the same. That's how it goes though, and I will be positive that we can even reach higher than that, maybe that 6 digits can be achieved this December or early 2022.

[dunfida]

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, 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.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.

Unlike before on those previous years that bitcoins price do move out without any attached sentiments or news but now we could somewhat attached those events or things happened around even though its not that
unpredictable but at least we do already have the idea.

Unlike before that whenever price had reached out new ATH then theres always a tendency for some crash or huge correction but it didnt really happen on this year which bitcoin did really able
to break out new ATH 2x or even 3x as of this recent 68k ath.

Next ATH? No one knows if it would able to hit again as of this year or onto the next.

[dragonvslinux]

Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised  though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.

That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.

I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.

This is a period of profit-taking, but things will turn around soon. As I went through previous comments, I found that people thought that Bitcoin was dead and was going to crash. There was no possibility of it going that low. Now look at how much it has pumped. BTC has reached a new high recently and $70k is coming soon. It's possible that this bull run has been cut short due to a distinct difference. However, even 70k would be fantastic.

Is November/December going to be a high-flyer or will it dip a lot? There will be 100k next year if the cycles remain steady.

It there's something that history will tell us, November/December is a positive month for bitcoin. Even during the last bear cycle, we will see some occasional pumps, specially in December for profit taking. So what's more if we are in a great and super fast bull run right now. I'm not worried for those who sold to take it's profit, for sure they are going to buy again when the price is cheap and wait for the price to reach $70k-$80k again before doing the same. That's how it goes though, and I will be positive that we can even reach higher than that, maybe that 6 digits can be achieved this December or early 2022.

I think it's true that's there's still a lot of profit taking going on, mainly those who wished they had taken profits previously at $60K before price dropped in half, so without much knowledge of markets, Bitcoin's price movements or it's cycles, then there are many doing what they wish they had done early in the year. Unfortunately, completely unaware how the technical picture is very different to how it was 6+ months ago.

I also think the next level of considerable profit taking is more likely to occur in January 2022, as previously it was in December 2017, and before then November 2013.
Nov/Dec are often volatile months for Bitcoin, whether to the upside or the downside. Given the bull market continues, it simply seems more likely up than down.

[Rimueng]

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

[TravelMug]

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

[rodskee]

Few days from now the Taproot activation will be realized, I wonder what could be the impact of it in the market. Will there be a drop even though we expect it by reaching a new all-time high at $69k or will it continues to rise because of this update? What's your thoughts to the possible price after Taproot activation?

A month and half after looks like the first option did happened and never break that 69,000 barricade as the price steps 60 one last time before subsiding below 40k and now stays at 47-51k as the year is almost done.
maybe we are just exaggerating and we did not anticipate the hindrances along the way climbing to that level.
so yes we may not see another ATH till mid of 2022 as the market is showing weaknesses .

[michellee]

From early October to November, the price of bitcoin continued to increase significantly. One of the triggers for the increase in the price of bitcoin is because many large investors have adopted bitcoin in their companies. The increase in bitcoin this time was also followed by altcoins that continued to strengthen such as ETH, BNB which continued to soar. Therefore, in the rest of the year whether bitcoin and altcoins will set new records again as the current market conditions seem to be experiencing a very deep price correction. We'll just have to wait until early next year.

Next year will really be the next gauge if we are going to touch new all time high again or not.

But for me, most likely it will be very difficult again, we might be entering a bearish trend for all we know. If the cycle repeats again, then it will be like 2018 in 2022 wherein it was really the start of the bear market that last for at least 3 years. So better brace ourselves for the imminent bear market and not anticipated another all time high in my opinion.

So we need to wait for a few days to see if the price can reach the new all-time high or not. But I agree that the bearish trend will come again, especially we already touched the new ATH a few months ago so the next year, we will still have two options between the bull run and the bear market. Of course, we want to see the bull run, but we can not deny if the bear run somehow appears in the market. We can only follow the trend while we can have a chance to buy back more for the potential coins.