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Author Topic: New all time high record | $66,000  (Read 868 times)
carlisle1
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December 25, 2021, 07:56:34 AM
 #141

Bitcoin market recovery is not that difficult I think, although it has fallen from a high of $70k to a low of $45k more or less. but to be able to re-break the highest is not as difficult as one thinks. I think this correction is only affected by year-end conditions and the closing of the economy's finances, so the price is slightly scratched.
The path has always been difficult in my opinion, and why would I say that? it's because we might enter bear market next year. Although we have bounce back above $51k, we have to look at how it will going to hold or sustain. Usually, this kind of spike is artificial and manipulated by some entity because it's Christmas. Seen this in the last bull run session in 2017.
If we will base it from experienced way back, I can agree to your position.

Though the chance also that institutional investors are now here, and they are kept on buying those dumped coins.

We can't tell if which path Bitcoin will go next year, as also based from last year's run we do think that it will fall and start

to experience another huge dumped, but it didn't happen but instead it brings us this huge amount of benefits.
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December 25, 2021, 12:02:12 PM
 #142

Bitcoin market recovery is not that difficult I think, although it has fallen from a high of $70k to a low of $45k more or less. but to be able to re-break the highest is not as difficult as one thinks. I think this correction is only affected by year-end conditions and the closing of the economy's finances, so the price is slightly scratched.
The path has always been difficult in my opinion, and why would I say that? it's because we might enter bear market next year. Although we have bounce back above $51k, we have to look at how it will going to hold or sustain. Usually, this kind of spike is artificial and manipulated by some entity because it's Christmas. Seen this in the last bull run session in 2017.
If we will base it from experienced way back, I can agree to your position.

Though the chance also that institutional investors are now here, and they are kept on buying those dumped coins.

We can't tell if which path Bitcoin will go next year, as also based from last year's run we do think that it will fall and start

to experience another huge dumped, but it didn't happen but instead it brings us this huge amount of benefits.

Institutional investment does not guarantee that bitcoin will continue to rise, it will have a good effect in the long run but that would not stop from the market to turn into bearish mode. It's a cycle, we are seeing it before and it will still happen soon, so we have to be ready and be more realistic to consider all the possibilities not only the bull run but also the bear run.

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December 25, 2021, 04:07:25 PM
 #143

Has bitcoin re-reached at previous highs let's wait in 2022. I think the previous record highs weren't too difficult to break when exposed to the price cycles of previous years. without realizing that bitcoin has started to crawl again from the price of $45k to a new price of $51k, this is a sign that it won't be difficult to break a new record next month.

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December 25, 2021, 05:23:33 PM
 #144

Has bitcoin re-reached at previous highs let's wait in 2022. I think the previous record highs weren't too difficult to break when exposed to the price cycles of previous years. without realizing that bitcoin has started to crawl again from the price of $45k to a new price of $51k, this is a sign that it won't be difficult to break a new record next month.
This year's record high has been reached at a price of $69K and is the most amazing record of 2021. Will it repeat itself or will it miss that record again in 2022? I think we still have hope to feel it.

There are many assumption that at the end of the year and Christmas the price of bitcoin will experience a correction because some traders want to secure their assets into stablecoin, maybe that is true but what has happened is that the price of bitcoin has increased due to increased demand. That's really good, but we really can't be sure this is the start that could turn the trend into bullish again.

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December 25, 2021, 06:08:53 PM
 #145

There are many assumption that at the end of the year and Christmas the price of bitcoin will experience a correction because some traders want to secure their assets into stablecoin
I remember that we did not have any correction by the time of 2020 Christmas and New Year times. When there will be enough buying pressure then bitcoin market will handle any level of dump which is the scenario that we had experienced many times. Moreover, most people started believing about another bullish rounds in 2022 hence I am confident about less dump on festival times.

without realizing that bitcoin has started to crawl again from the price of $45k to a new price of $51k, this is a sign that it won't be difficult to break a new record next month.
I agree that bitcoin has already started its rally which will definitely persist. This time most probably bitcoin market will induce FOMO among investors and traders which is one of the most expected phase for enabling bitcoin to test $100k levels.

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December 25, 2021, 08:58:05 PM
 #146

Has bitcoin re-reached at previous highs let's wait in 2022. I think the previous record highs weren't too difficult to break when exposed to the price cycles of previous years. without realizing that bitcoin has started to crawl again from the price of $45k to a new price of $51k, this is a sign that it won't be difficult to break a new record next month.
This year's record high has been reached at a price of $69K and is the most amazing record of 2021. Will it repeat itself or will it miss that record again in 2022? I think we still have hope to feel it.

There are many assumption that at the end of the year and Christmas the price of bitcoin will experience a correction because some traders want to secure their assets into stablecoin, maybe that is true but what has happened is that the price of bitcoin has increased due to increased demand. That's really good, but we really can't be sure this is the start that could turn the trend into bullish again.
I was pretty sure that we wouldn't have another all-time high within 2021, it looked way too utopian. However, I believe that we're already going through a phase of correction, which is going to last quite a few months from now. Do I believe that Bitcoin's capabilities regarding its price are immense, I'm not sure when we'll see it though.

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December 26, 2021, 07:20:17 AM
 #147

Indeed bitcoin has set a new ATH record a few months ago. However, since early December the price of bitcoin has experienced a very deep decline in price. Until now the price of bitcoin is still stuck below $50,000. I see the current price is likely to last until the end of December because the trading activity will decline at Christmas.
what you say is true, precisely if the trade decreases it will make the price will be stable and will not go up or down. By entering the long Christmas and New Year holidays, it can be ascertained that trading is not very effective.
if there is a move it may not be too high for both ups and downs, and expect that there will be surprises early next year.
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December 26, 2021, 06:54:07 PM
 #148

I remember that we did not have any correction by the time of 2020 Christmas and New Year times. When there will be enough buying pressure then bitcoin market will handle any level of dump which is the scenario that we had experienced many times. Moreover, most people started believing about another bullish rounds in 2022 hence I am confident about less dump on festival times.
One of the best moments during the celebrations is that the bitcoin price is holding at $50K at the moment. I'm not too sure that $50K will be a strong support for bitcoin at this point where on TF 1 Day we were in a correction after the price hit $52K. It might be good to be optimistic about a possible bullish 2022 though I'm personally not too sure about that.

I was pretty sure that we wouldn't have another all-time high within 2021, it looked way too utopian.
We've recorded ATH at $69K in November, so although we can't get past that ATH again this year, but at least it's a price we're excited about.

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