Bitcoin makes new ATH. More ATHs to come shortly.

[hatshepsut93]

Technically, when an asset breaks past an ATH and keeps growing, it is at ATH all the time until it crashes.

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

It's already feels less wild than the previous bull runs, only 6 times increase in 1 year and a multi-month correction in the middle of the run - IMO it's very healthy and sustainable.

[KennyR]

Technically, when an asset breaks past an ATH and keeps growing, it is at ATH all the time until it crashes.

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

It's already feels less wild than the previous bull runs, only 6 times increase in 1 year and a multi-month correction in the middle of the run - IMO it's very healthy and sustainable.

The price increase is quite healthy and sustainable for different reasons. The most important being the adoption of bitcoin all around the world. Compared to the previous year, this time the rise of users is very big. The active participant count have increased much due to the Pandemic. The growth also hasn't took a direct steep rise, it bounced, it dropped, it fluctuated and moving in a controlled manner. Maybe what we experience by then will be the this year's ath.

[carlfebz2]

Technically, when an asset breaks past an ATH and keeps growing, it is at ATH all the time until it crashes.

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

It's already feels less wild than the previous bull runs, only 6 times increase in 1 year and a multi-month correction in the middle of the run - IMO it's very healthy and sustainable.

The price increase is quite healthy and sustainable for different reasons. The most important being the adoption of bitcoin all around the world. Compared to the previous year, this time the rise of users is very big. The active participant count have increased much due to the Pandemic. The growth also hasn't took a direct steep rise, it bounced, it dropped, it fluctuated and moving in a controlled manner. Maybe what we experience by then will be the this year's ath.

Price fluctuations or corrections cant really be avoided because it wouldnt be called a market on the first place if we are just seeing continuous price increase which cant really be possible.

We do need a healthy and strong market which there would be no some Long green candle sticks and do happen next on having a crashing market
because it is somewhat some sort a form of manipulation.

For now the best thing to be done is to utilize those movements for you do make profits.

[Fundamentals Of]

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

The market we are in and the price right now made me remember this comment.

The ATH has been a little short of $70,000. I wasn't expecting that such a severe correction would happen on the road there. I thought there was an easy ride towards $70,000. Obviously, I made the wrong assumption.

From the ATH to price as of this writing, Bitcoin has already lost almost $10,000. This is one huge correction. But this is making Bitcoin healthier and more sustainable, avoiding bubbles.

[onecall123]

Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.

The market we are in and the price right now made me remember this comment.

The ATH has been a little short of $70,000. I wasn't expecting that such a severe correction would happen on the road there. I thought there was an easy ride towards $70,000. Obviously, I made the wrong assumption.

From the ATH to price as of this writing, Bitcoin has already lost almost $10,000. This is one huge correction. But this is making Bitcoin healthier and more sustainable, avoiding bubbles.

What's going on or is there a healthy correction going on? Yes, and it's much needed. We've been too complacent and greedy. A floor of 59k or 53k would be ideal, which is exactly why I would be looking to reposition here, where the market starts to heat up. I suppose to believe that if we dip any deeper, it will be a bumpy ride. Still, I'd wait until the needle turns a little bit, but the chart still indicates an upward trend. The BTC price isn't too bad at the moment, so I just allocated some more funds just in case.

[pooya87]

What's going on or is there a healthy correction going on? Yes, and it's much needed.

I disagree. The "healthy correction" took place and ended days ago. What we are seeing today (and yesterday) is simply a panic sell due to some newly created FUD regarding some old but renewed government regulations and taxation laws.

[Semar Mesem]

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

[Obito]

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

I hope that it's really the case since the prices right now are hovering at 59k hopefully this won't last long and we get to see another pump in prices the next month. I don't think that bitcoin will ever go down to that point anytime soon because things have changed for bitcoin so no worries that it will ever go to that point anytime soon.

[bitterguy28]

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

it seems that the Shortly took long 

Well I am confident that Bitcoin will strike again sooner but at least breaking 75-80k is more than enough to expect than that 100k.

you will only fail yourself if did not reached that target.

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

you'll never know mate, actually the fall of 2018 is not bad than what we have in 2020 , so never engaged in too much expectation .

[savetheFORUM]

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

it seems that the Shortly took long  

Well I am confident that Bitcoin will strike again sooner but at least breaking 75-80k is more than enough to expect than that 100k.

you will only fail yourself if did not reached that target.

When you are a long term holder it becomes not really that important if you could break 70k, we reached nearly 69k and I didn't sell, I do not want to sell there, I will probably not sell at 100k neither, I am going to hold for a long time, it doesn't matter how much one bitcoin worths, it matters how much I own and if I owned enough at 30k then I would have sold there, if I own enough at 500k then I will sell there, it is all about when I feel comfortable. This is why anyone who didn't sell at 69k will probably hold until 80k as well, at least I will hold it. So, that is why 100k is better because there will be a lot more people ready to sell compared to 70k.

[traderethereum]

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

Hopefully, that will not happen and the price will not drop like in 2017-2018 because if that happens, I can not imagine what will happen to the market and it could make the market crash and not rise for some time.
With many investors interested in bitcoin, it will have a chance to sustain at the current price but we should still be careful with the flash dump that can happen anytime.
Bitcoin will have a new ATH, but we will also see many corrections in the future because the bitcoin price will fluctuate from time to time.

[Wawa2013]

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

Hopefully, that will not happen and the price will not drop like in 2017-2018 because if that happens, I can not imagine what will happen to the market and it could make the market crash and not rise for some time.
With many investors interested in bitcoin, it will have a chance to sustain at the current price but we should still be careful with the flash dump that can happen anytime.
Bitcoin will have a new ATH, but we will also see many corrections in the future because the bitcoin price will fluctuate from time to time.

Don't forget that this year many institutions have decided to invest in Bitcoin,  so the possibility of the dump that occurred in 2017/2018 is very small
will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be
bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.
So it is necessary to make corrections first, in order to go higher and reach another new ATH. Most importantly, we should not panic, just holding
Bitcoin that we have until the target we want is achieved. Because how deep the price of Bitcoin falls will definitely come back again. In order not
to be too stressed looking at the current market, it's good we don't see the market too often, busy ourselves with other positive activities.

[ultrloa]

The current bitcoin price will continue to skyrocket, I'm sure the bitcoin price will not drop like in 2017-2018, at that time the price reached $19500 and in 2018 it dropped below $5000, the daily transaction volume shows that investor interest in bitcoin is very large so that the upward trend and ATH will happen frequently.

Hopefully, that will not happen and the price will not drop like in 2017-2018 because if that happens, I can not imagine what will happen to the market and it could make the market crash and not rise for some time.
With many investors interested in bitcoin, it will have a chance to sustain at the current price but we should still be careful with the flash dump that can happen anytime.
Bitcoin will have a new ATH, but we will also see many corrections in the future because the bitcoin price will fluctuate from time to time.

That will be the scenario to happen once many people will get panic plus there are fuds will add up to the fear of the people, but I doubt it will happen this days knowing bitcoin is already a well adopted crypto so for sure many will catch up this dump and we can see a pump after this correction happen. We can still say we are bullish even if the correction happen so lets think about positive and not those crazy disturbing scene come up to our minds.

[Silberman]

Just always remember that every bitcoin price correction is an opportunity to buy. I you don't know exactly how low btc will correct, a DCA strategy always work. This bull market is very unpredictable/volatile but if we keep this momentum, we will see a 6 digit bitcoin price very soon.  

While true and at the same time this seems like the right strategy this is not the way the majority of the people see it, most newbies that enter the market are not interested in holding their coins for the long term, they want profits and they want them as quickly as possible so they prefer to trade the markets and do so with extreme leverage, so any small correction can be big enough to wipe them out, not realizing that a dip can be a reason to be happy as you can get in bitcoin for a cheaper price than the majority of those which enter the market during that time frame.

Regardless though, this noobs will have to learn it the hard way, if they think this market is a get rich quick scheme, then they will be on a rude awakening if they put all their funds on bitcoin and trade and be wipe out. Very hard and expensive lessons for them.

So it's either they totally quit and blame the market for their lost, or learn from their mistakes, be mentally tough, learn to buy at dip and then just simply be a long term holder, and wait for the next all time high, it's their choice.

Correct, however the vast majority of the newbies are not going to learn even if they have to go the hard way, this is why when I see the forum of altcoins I see a lot of newbies complaining about losing their money, but instead of thinking their strategy was wrong and their expectations out of the market were out of line and adjust their strategy accordingly, they end up thinking the market was the one wrong and they keep trying their old strategy with awful results.

[doomloop]

Don't forget that this year many institutions have decided to invest in Bitcoin,  so the possibility of the dump that occurred in 2017/2018 is very small will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.

Those companies will probably not invest into crypto just to get out very quickly. I believe that we are going to have those companies buying and buying and keep holding it for years. Remember these are stock market companies, they buy stocks and hold them for 50 years, there are many companies that hold it for decades and they will probably keep doing that in crypto as well.

This is why I believe that we should follow that approach as well, I am going to try and hold my crypto for years, probably decades and that's how I am going to keep profiting from it. I am not so sure if I am going to be able to, life has unexpected things thrown at us all the time, but that is at least my goal. This is why I believe that these companies will not sell anytime soon, they will hold it at least another 10+ years and that's going to be helping prices as well.

[traderethereum]

Don't forget that this year many institutions have decided to invest in Bitcoin,  so the possibility of the dump that occurred in 2017/2018 is very small
will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be
bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.
So it is necessary to make corrections first, in order to go higher and reach another new ATH. Most importantly, we should not panic, just holding
Bitcoin that we have until the target we want is achieved. Because how deep the price of Bitcoin falls will definitely come back again. In order not
to be too stressed looking at the current market, it's good we don't see the market too often, busy ourselves with other positive activities.

But the dump will happen many times because we see the current situation in the market in which bitcoin price getting down for more to $56k.
Hopefully, this dump will not continue too far because that can make many new people who will not be ready to see the big dump if that is really happening.
Bitcoin now gets another correction and there is no clue if the correction will still happen or will stay at the current price.
I agree that even bitcoin falls, it will start to rise slowly or fast depending on how people react later.

That will be the scenario to happen once many people will get panic plus there are fuds will add up to the fear of the people, but I doubt it will happen this days knowing bitcoin is already a well adopted crypto so for sure many will catch up this dump and we can see a pump after this correction happen. We can still say we are bullish even if the correction happen so lets think about positive and not those crazy disturbing scene come up to our minds.

It seems that is the scenario we see now because the price is down and many people panic, especially new people.
They read much bad news about the bitcoin falls but they do not know how to anticipate.
This dump gives us more chances to buy bitcoin at a low price because we do not know if we can buy more bitcoin at this price in the future.
The bullish will come soon so we need to hold bitcoin and not panic.

[Dave1]

Don't forget that this year many institutions have decided to invest in Bitcoin,  so the possibility of the dump that occurred in 2017/2018 is very small will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.

Those companies will probably not invest into crypto just to get out very quickly. I believe that we are going to have those companies buying and buying and keep holding it for years. Remember these are stock market companies, they buy stocks and hold them for 50 years, there are many companies that hold it for decades and they will probably keep doing that in crypto as well.

Those are smart investors, they invest big and won't simply sell just to test the market liquidity. It's obvious that it has enough liquidity, so the best thing for this companies is to really hold on their reserve assets for years and a years.

This is why I believe that we should follow that approach as well, I am going to try and hold my crypto for years, probably decades and that's how I am going to keep profiting from it. I am not so sure if I am going to be able to, life has unexpected things thrown at us all the time, but that is at least my goal. This is why I believe that these companies will not sell anytime soon, they will hold it at least another 10+ years and that's going to be helping prices as well.

Easier said than done, for retail investors, most of us really look for profit and if by chance there's something that we needed money, then obviously, we will have to sell at some point.

Of course, it's really better to hold on it, history already tell us that. Just test if we can just hold till the next halving, then that will be great and for sure profits are there by that time.

[dEjAvOU]

ATH occurs because investors are optimistic about the future of bitcoin, they immediately buy when they get positive news for example Elon Musk who invests up to millions of dollars, besides the higher transaction volume makes the opportunity to skyrocket happen and I believe that the new ATH in November can reach at least $70k.

[Wawa2013]

Don't forget that this year many institutions have decided to invest in Bitcoin,  so the possibility of the dump that occurred in 2017/2018 is very small will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.

Those companies will probably not invest into crypto just to get out very quickly. I believe that we are going to have those companies buying and buying and keep holding it for years. Remember these are stock market companies, they buy stocks and hold them for 50 years, there are many companies that hold it for decades and they will probably keep doing that in crypto as well.

This is why I believe that we should follow that approach as well, I am going to try and hold my crypto for years, probably decades and that's how I am going to keep profiting from it. I am not so sure if I am going to be able to, life has unexpected things thrown at us all the time, but that is at least my goal. This is why I believe that these companies will not sell anytime soon, they will hold it at least another 10+ years and that's going to be helping prices as well.

What you're saying makes a lot of sense, some big companies that start investing in Bitcoin are usually for the long term. This means that
the price of Bitcoin is unlikely to fall too deep, and it's true that now we can see the price of Bitcoin starting to recover. Moreover, the history of
Bitcoin movement shows that several times Bitcoin fell, it always managed to recover and the price rose much higher. I support if you plan
to hold Bitcoin for the long term, but it is not easy to do so. Because often in life we have an urgent need, which forces us to sell the Bitcoins
we have. But as long as we have a strong intention to hold Bitcoin in the long term, hopefully it will come true. I also have the same desire as you,
I want to buy Bitcoin regularly every month and hold Bitcoin for at least a decade, maybe if I can hold Bitcoin long term it can be a very good
retirement plan for me.

[cryptomaniac_xxx]

ATH occurs because investors are optimistic about the future of bitcoin, they immediately buy when they get positive news for example Elon Musk who invests up to millions of dollars, besides the higher transaction volume makes the opportunity to skyrocket happen and I believe that the new ATH in November can reach at least $70k.

Forget about Elon Musk though for a while, he is no longer relevant to bitcoin market as far as I'm concern.

We are at least trying to break into the $60k region again. As you know, the price dip to as low as $55k and now it seems that we are regaining some ground, but this could be a bull trap as well. Nevertheless, personally I think we are still in the bull run and $70k is a conservative price to reach this year.