New all time high record | $66,000

[bitterguy28]

A new all-time high record has been hit, with Bitcoin surpassing $66.000. An outstanding performance which was a result of the announcement of Bitcoin ETF approval, which I've yet to understand what exactly it is.

Definition according to https://mg.co.za/

"An Exchange Traded Fund or ETF is a type of investment fund that tracks the price of another asset or basket of assets and can be traded on an exchange. If that still sounds like finance nerd language to you, that’s because it is."


https://mg.co.za/special-reports/2021-10-19-a-bitcoin-etf-what-does-it-all-mean/

Anyway, it was something quite unexpected and didn't actually believe that we'll see a new record by at least December. Let time do the work.

and Now it looks like getting harder to get out from 62-63k value .

https://coinmarketcap.com/currencies/bitcoin/

Wondering if we can see at least 70k within october?

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I missed to exit at 66k but i don't feel regretting because i believe that we have another climb coming .,

[1714871971]

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[michellee]

Bitcoin is correcting the market price again after breaking through the highest price of $66k, it turns out that the price has not been able to penetrate the $70k price and has fallen again at the current $60k price. it seems that investors have had enough of the profits they have and are afraid to lose them, so investors try to sell at the highest level, so the market falls a little.

I think this is normal and usually after a correction the price of bitcoin will reach a higher point. currently the bitcoin price has gone up again and this might be an early indication that the bitcoin price will experience a positive trend again and will break through $67k.

Normal and that's the reality, and sometimes we are surprised, also indeed in fact after touching a new ATH, it will not be far from that. What is clear is that Bitcoin is not finished with its great side, there are still many opportunities ahead to touch new ATH. Prepare ourselves for a shining hope surrounded by better news.

We should prepare for the next thing that will happen to bitcoin because the new ATH last week can trigger bitcoin to increase and lift the price to the next new ATH in the next months as bitcoin still have 2 months before the end of this year. So many things can happen to bitcoin and hopefully, we will see the new ATH at the highest price and maybe that can break to $70k-$80k.

This correction is already done as we see the price increase from $60k to $63k but we still hard predict if the price will increase or get another correction.

[Baofeng]

Its barely pulled back in the wider picture, just the first fib level was where we got to.  No greater test below that occurred though it would have been reasonable.  The rise over the last 24hr was above the 12hr average almost the whole time, very fast action and we got to say BTC remains bullish showing no real signs of negative action only a slow after climbing consistently.
   Positive outlook remains while we maintain above 62.5k which is the weekly average.  If we were to fall especially I think we get some repeated warnings on that but cant conclude that from current action.

We're barely in the $62.5 levels, but this is still good in my opinion. If we can maintain or at least push the price to $63k at the end of the month, it's still a good indication that we can still continue this bull run in the next two months.

So there's no slowing down, maybe just some minor pull back and correction and then we will continue to march on in December for that 6 digits.

[Yaunfitda]

Its barely pulled back in the wider picture, just the first fib level was where we got to.  No greater test below that occurred though it would have been reasonable.  The rise over the last 24hr was above the 12hr average almost the whole time, very fast action and we got to say BTC remains bullish showing no real signs of negative action only a slow after climbing consistently.
   Positive outlook remains while we maintain above 62.5k which is the weekly average.  If we were to fall especially I think we get some repeated warnings on that but cant conclude that from current action.

We're barely in the $62.5 levels, but this is still good in my opinion. If we can maintain or at least push the price to $63k at the end of the month, it's still a good indication that we can still continue this bull run in the next two months.

So there's no slowing down, maybe just some minor pull back and correction and then we will continue to march on in December for that 6 digits.

And surprisingly again, the price dip to $60k from $62,500 in just matter of hours. Not sure what the cause, but it seems some speculators are shifting again to some altcoins to squeeze some profits.

But yet, I would say that we are still very much bullish although the price goes down again. And as we are nearing the end of the month, we might be going on the $60k-$62k side ways pattern. It's not that bad after hitting a new all time high. November will still be a good month for all of us.

[Lubang Bawah]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

[Fakhrulenclix]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

The price of 100k which is widely predicted will not be long before we can see it, I hope.
I also think that October is the start of a good move with a positive trend that will continue until December. I see this year as it did in 4 years ago it is very likely to be able to see the bull market at the end and the beginning of the year.

[SquallLeonhart]

And surprisingly again, the price dip to $60k from $62,500 in just matter of hours. Not sure what the cause, but it seems some speculators are shifting again to some altcoins to squeeze some profits.

But yet, I would say that we are still very much bullish although the price goes down again. And as we are nearing the end of the month, we might be going on the $60k-$62k side ways pattern. It's not that bad after hitting a new all time high. November will still be a good month for all of us.

I believe there are some price corrections going on as well. Meaning there are some people who are taking profit and leaving, maybe they will come back soon, maybe later, maybe never. Whenever price goes up, we end up seeing stuff that is similar to this, we end up seeing people end up selling some coins to make a profit.

Obviously you could wait and make more profit, but I also understand people who bought early on when it was high price, and then ended up waiting for months to see the price doing badly, then as soon as it hits the profit mark for them, they end up selling it. This definitely happens during ATH price periods mainly, because many people want to get out when they are there and see the crash once.

[Quidat]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

The price of 100k which is widely predicted will not be long before we can see it, I hope.
I also think that October is the start of a good move with a positive trend that will continue until December. I see this year as it did in 4 years ago it is very likely to be able to see the bull market at the end and the beginning of the year.

We arent really that too far off with this speculated price or possible ATH in the future because we are just almost or half past through there.
We do all need is some sort of positive catalyst which would really make the price kicks in into those levels but lets not really be that too
positive or anticipate that much because we wouldnt know on what would happen in next days or months or years to come on this market.
Thing here is that you do know on how to play the game or this investment.

[Baofeng]

Its barely pulled back in the wider picture, just the first fib level was where we got to.  No greater test below that occurred though it would have been reasonable.  The rise over the last 24hr was above the 12hr average almost the whole time, very fast action and we got to say BTC remains bullish showing no real signs of negative action only a slow after climbing consistently.
   Positive outlook remains while we maintain above 62.5k which is the weekly average.  If we were to fall especially I think we get some repeated warnings on that but cant conclude that from current action.

We're barely in the $62.5 levels, but this is still good in my opinion. If we can maintain or at least push the price to $63k at the end of the month, it's still a good indication that we can still continue this bull run in the next two months.

So there's no slowing down, maybe just some minor pull back and correction and then we will continue to march on in December for that 6 digits.

And surprisingly again, the price dip to $60k from $62,500 in just matter of hours. Not sure what the cause, but it seems some speculators are shifting again to some altcoins to squeeze some profits.

You spoke to soon as the price had a good bounce to $62k++ after two days. So maybe as you have speculated, the altcoin investors goes back to bitcoin again after getting profits to some meme coins.

But yet, I would say that we are still very much bullish although the price goes down again. And as we are nearing the end of the month, we might be going on the $60k-$62k side ways pattern. It's not that bad after hitting a new all time high. November will still be a good month for all of us.

In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

[7788bitcoin]

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In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally and the reason is that no one cares or thinks about the technical aspect of Bitcoin who are investing in it, all they want is hype and some big news splash so that the institutional investors will pump them  .

[TravelMug]

~
In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally and the reason is that no one cares or thinks about the technical aspect of Bitcoin who are investing in it, all they want is hype and some big news splash so that the institutional investors will pump them  .

We've seen these ETF and it really push the price, but after that the trading volume goes down hard and so is the price. And we have been reaching new ATH without these ETF's so I guess this is just another hype in the market. And it really looks like artificial pump.

As compare to Taproot proposal which is real solid in my opinion. Remember when we have Segwit in November 2017? It was also a catalyst for the massive bull run down in December. So I think we will have the same effect if history repeats itself again.

[kotajikikox]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago,

Where did you get that 68k USD ATH? do you have your own Market analyzation ? the recent Run is 66k and not 68k .

although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

90 from what? do you adding amount for that 90k to achieve ? if not then don't expect that much and you are not investing any amount to bring the climb in reality.

[bitgolden]

Where did you get that 68k USD ATH? do you have your own Market analyzation ? the recent Run is 66k and not 68k .

Some country's premium prices are like that hence it is possible for bitcoin to be trading around $68k levels too.
Right now, my local exchange is showing $62.2k whereas preev rate is only $61.4k.

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally

Please better recall the times of activation of segwit by 2017 August. Yeah, this Taproot event is not that much impactful event in bitcoin ecosystem still I guess it is scheduled in the following year of 3rd halving for some reason. So, there are enough possibilities to experience the full swing of current bull rally after that upgrade, who knows?

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

[mirakal]

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

[DoublerHunter]

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

^ That is impossible, I hate guessing without a proper source and the reason why the price hit that amount level. BTC price was even struggling to reach $100k and probably we will reach that level but I don't think when it will happen. I believe that there is no bear market and as I see, we are not in the hype, we have real investors, from a single individual to constitutional investors which is adopting BTC and making it a legal tender in some places. For now, it is probably good if we are aiming at $100k than the $400k price prediction.

[barbara44]

We've seen these ETF and it really push the price, but after that the trading volume goes down hard and so is the price. And we have been reaching new ATH without these ETF's so I guess this is just another hype in the market. And it really looks like artificial pump.

As compare to Taproot proposal which is real solid in my opinion. Remember when we have Segwit in November 2017? It was also a catalyst for the massive bull run down in December. So I think we will have the same effect if history repeats itself again.

That ended up with a crash later on as well, proving that segwit was an artificial increase as much as what we are seeing with the ETF. Crypto doesn't really have "artificial pump" by nature because it doesn't have an exact number that it "should be", it is whatever we say it is and if we are saying that it is a huge price at one day then it is a huge price, it is not a pump, it is the price that we decided for that day.

I believe doge and shiba and all those memecoins should worth zero because they have zero reason to be high, but look at where they are right now. What makes sense doesn't matter in crypto, it doesn't need to be logical or reasonable to go up and stay there, it just needs a good hype. Bitcoin ETF increasing the price is fine, taproot increasing will be fine too, we may end up with a huge crash after each, doesn't matter because volatility is another part of its nature as well.

[Wawa2013]

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

^ That is impossible, I hate guessing without a proper source and the reason why the price hit that amount level. BTC price was even struggling to reach $100k and probably we will reach that level but I don't think when it will happen. I believe that there is no bear market and as I see, we are not in the hype, we have real investors, from a single individual to constitutional investors which is adopting BTC and making it a legal tender in some places. For now, it is probably good if we are aiming at $100k than the $400k price prediction.

Actually, everyone is free to predict the price of Bitcoin according to their own analysis. But even in predicting the price of Bitcoin, it should be
realistic, so that each target we set has a greater chance of being achieved. If we set unrealistic targets too often, eventually we will get
tired of investing in Bitcoin and maybe there is a possibility we can stop investing in Bitcoin. But if the target we set can finally be achieved,
it will motivate us even more to invest in Bitcoin. Moreover, the increase in Bitcoin this year in my opinion is healthier than the increase in Bitcoin
in 2017. As you said this year more real investors joined, so Bitcoin fundamentals are getting stronger and if Bitcoin price falls it won't be too deep.
Chances are this year we won't see the price of Bitcoin fall below $20k. I am also a person who predicts the price of Bitcoin will reach $100k
this year, and I think the chance for Bitcoin to reach $100k is quite large. So the target of $100k is a realistic target to achieve.

[bengsabeng]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

[Ziskinberg]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

Forget about that slight correction, what's important is the news that resulted in a new ATH.

There's more to expect on bitcoin as we have a lot of good news this year, the ETF approval and other major financial institutions beginning to adopt with bitcoin, that could potentially lead to more bullish price and we could see more this year, so sit tight, continue to accumulate and wait for the next big bull run.

[Fredomago]

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

Forget about that slight correction, what's important is the news that resulted in a new ATH.

There's more to expect on bitcoin as we have a lot of good news this year, the ETF approval and other major financial institutions beginning to adopt with bitcoin, that could potentially lead to more bullish price and we could see more this year, so sit tight, continue to accumulate and wait for the next big bull run.

Better to look for this side instead of worrying that much. Correction, though, is a good opportunity to buy more. If you believe that Bitcoin still have a lot to offer, buying portions by portion whatever the market is bringing is a good way to collect more assets, and when the time comes when you are already satisfied with the profits that you are seeing from your wallet, it's best to collect and harvest the fruit of your success,

Like what you have said, sit back and relax let Bitcoin works and keep your money on its passive position.

You have to stay being patience if you wish to maximize the full potentials of this investment.