Bitcoin Closing in on 60k, Again!

[bSpend]

It's definitely a very fascinating day and times ahead, for today alone, bitcoin performed way above what I believe anyone thought, going from $57,000 all the way to $64,000, then coming a bit back and right now settled at a little above $60,000, and all this happening when we are not even in the bull run yet, I believe what we all saw today, and may also see in the coming days, is like a prelude of what the coming bull run will look like.

I honestly feel I made mistake not buying more bitcoin when the price was way cheaper, but all the same, let's see what the few months coming hold for us through bitcoin.

[The Cryptovator]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments. 

[stadus]

I don't want this pump to get into my head, as I am seeing too many people jubilating already, I feel it's too early for this pump, I can only think otherwise if the halving is already over.

Since many past years in crypto space, I never forget how surprising crypto market can be, it's sometimes unpredictable, it's capable of turning all your crypto and chart gurus into bloody liars.

I would say, be prepared for the worst, things are happening too fast, and surprises can unfold at any time, have some usdt just in case and also hold your Bitcoin too, don't just pick a side and stand on it like it will play out just like you dreamt about it.

I know right. Even I am getting a feeling that things are getting heated up too soon.
Although I knew that the bull run has started and we would touch the ATH soon, I expected at least few more months, as in, 6 months more for the new ATH.
Bitcoin price has already touched $60k which means it's away only by $10k more to reach the new ATH.
To be frank, I wasn't expecting BTC to rise so fast but I am happy though. At the same time, I think there will be a correction coming very soon.

It’s already expected that if the price suddenly hit a  new impressive price in just a very short period, price correction might eventually occur any time from now. So it’s better if we could prepare for this and be ready for a price decline again without being tempted to sell at a lower price. However, bitcoin price will gradually recover again, and this could be the time that it’s price will surge high heading to its new all time high probably after bitcoin halving in the market.

[Hypnosis00]

I'm expecting more hype and positivity in the community now. It is a normal situation to see when the price of Bitcoin surges high but must not be fully confident that it will take it easy and continue to pump for new ATH instead, prepare for some corrections.

Currently, the price of Bitcoin has reached $60k + already, and people are happy with the outcomes of their investment. I'll be expecting now for FOMO, some will buy and some will sell. Well, that is why it works but those who can still hold longer until the new ATH high comes will gain more profit.

[Kemarit]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments. 

Yeah, maybe just a hiccup but I don't think it will be the reason for a reset, price is still hovering on the $63,000. And everyone is excited to see this huge pump at the end of the month. Bulls are not resting till they got the price to a new all time high before the halving and I'm sure everyone of us here are thinking the same. It could be the first time for us to see that kind of push, and as you have said, it could be due to the ETF's and everyone is on the FOMO and doesn't missed the boat.

We still have a full month to accomplished that, going into $70,000 pre-halving. And for sure, those who have been holding for years are very happy to see this price, but I guess no one is going to sell till next year or see what will be the top price in this cycle.

[Majestic-milf]

Your predictions are "majestic" indeed.

(Takes a little bow) I know they are quite lofty, but I try my best. 

We all wish to cross the sexy number of 69k USD and it seems that this pump has rocketed us towards that level and is inching closer to that target every few hours. However be ready for the sudden drop as well because someone will have sell orders ready at 65k and 60k so dropping from those points will occur if not now, later on.

Bitcoin is a volatile coin and that means sudden disruptions to the price are bound to happen, it all depends on how quick one can adapt to such changes. Bitcoin price briefly touched $63k but with the issues Coinbase was encountering, it's price went down a sharp slope to stop at $60k. Hopefully we'd see more positive trends in the days coming.

[bitzizzix]

I don't want this pump to get into my head, as I am seeing too many people jubilating already, I feel it's too early for this pump, I can only think otherwise if the halving is already over.

Since many past years in crypto space, I never forget how surprising crypto market can be, it's sometimes unpredictable, it's capable of turning all your crypto and chart gurus into bloody liars.

I would say, be prepared for the worst, things are happening too fast, and surprises can unfold at any time, have some usdt just in case and also hold your Bitcoin too, don't just pick a side and stand on it like it will play out just like you dreamt about it.

I know right. Even I am getting a feeling that things are getting heated up too soon.
Although I knew that the bull run has started and we would touch the ATH soon, I expected at least few more months, as in, 6 months more for the new ATH.
Bitcoin price has already touched $60k which means it's away only by $10k more to reach the new ATH.
To be frank, I wasn't expecting BTC to rise so fast but I am happy though. At the same time, I think there will be a correction coming very soon.

It’s already expected that if the price suddenly hit a  new impressive price in just a very short period, price correction might eventually occur any time from now. So it’s better if we could prepare for this and be ready for a price decline again without being tempted to sell at a lower price. However, bitcoin price will gradually recover again, and this could be the time that it’s price will surge high heading to its new all time high probably after bitcoin halving in the market.

Yes, Bitcoin is very impressive, especially in February because at the beginning of February the price was still around 42K Bitcoin and at the end of the month it reached 63K. And this is a significant increase in Bitcoin's movement during this month, and I think in the near future we will reach yesterday's new ATH and continue to move beyond its new ATH.
As we have long hoped for ETF approval because this can increase the price of Bitcoin and this has been proven and also causes FOMO because it can be seen that the price of Bitcoin continues to move up which makes the price of Bitcoin rise very extraordinary. And I think, without an ETF at that point, Bitcoin continued to grow and grow and its price continued to rise. So I think if the ETF is approved it will affect the price of Bitcoin and it will increase, and this will make the price of Bitcoin rise much higher than before. So I think this makes sense, and it's a start towards higher Bitcoin prices.
And the decline will continue and this is an inseparable problem because it is very likely that many will panic sell. And actually it's just a normal correction and will return to the actual price, and in my opinion this cannot be separated and will continue to happen which will ultimately make them regret it.

[batang_bitcoin]

How high do you think it can go?

The thought of seeing it more than $100k might happen anytime soon. I feel bad for those bearish people that have been calling out like $10k and those that have said that we'll never see that price again were right. There's a possibility that a dump or correction will happen and I agree but not to the point of that price as it's too low. Many are still fascinated to see on how quickly it is moving right now whatever is the catalyst this time. But it seems that it's just all about the etf spot that has a lot of volume coming from those who got an approval. Highest as speculated could be $150k or even $200k. That's just my numbers and I think they're fair with this cycle.

[Sanitough]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments.

Most likely, after this rapid growth, a price correction might follow. So there is still nothing new with how bitcoin moves. It might take differently but it will still go back to its basic. The important thing here is we don’t panic after a price decline. Old investors might not see any problem but with new investors, this will really put their faith for bitcoin into test, but end up selling earlier so they can avoid too much losses. Volatility is bitcoin’s nature, so expect that we will witness price fluctuations any moment from now.

[The Sceptical Chymist]

In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper.

Yeah well, the 2017 cycle didn't play out too well, did it?  Also, I'm not sure what time frame you're considering with that second statement about the dips and rise, but when I look at a one-day chart like this, I get jittery:



There just may be a pretty significant dip coming our way if, every time I wake up from an extended nap, bitcoin has risen in price by a few thousand USD.  The laws of gravity apply to financial markets too, in case you didn't know.  I get that a lot of people here are giddy over this current bull market we're in, but it just makes me anxious.

[AirtelBuzz]

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

How high do you think it can go?

Bitcoin price crossed $60,000 yesterday Bitcoin price is above $60,000 today. Yesterday's upward movement in Bitcoin price looked like Bitcoin was going to set a new ATH record. But the price of Bitcoin has increased after going to 64 thousand dollars and then the price of Bitcoin has temporarily decreased from there maybe within this month we are going to see the price of Bitcoin 70,000 dollars.

How high do you think it can go?

We can't predict exactly how high Bitcoin can go but we can only guess. We are some time away from bitcoin halving organized maybe after bitcoin halving bullran season will start then bitcoin price may be $100k dollar it is only prediction.

[goaldigger]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments.

Most likely, after this rapid growth, a price correction might follow. So there is still nothing new with how bitcoin moves. It might take differently but it will still go back to its basic. The important thing here is we don’t panic after a price decline. Old investors might not see any problem but with new investors, this will really put their faith for bitcoin into test, but end up selling earlier so they can avoid too much losses. Volatility is bitcoin’s nature, so expect that we will witness price fluctuations any moment from now.

A big dropped happened in the middle of the big pump, and that's not the correction yet for sure the price will incur this correction any moment. We have to be more cautious and know how to handle this kind of volatility, don't get excited by any hype and don't FOMO, know that there's always a right timing to ride the trend. If you are able to buy at a bottom price, then this can be a good opportunity to take profit if you are already happy with it.

[Silberman]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments.

Most likely, after this rapid growth, a price correction might follow. So there is still nothing new with how bitcoin moves. It might take differently but it will still go back to its basic. The important thing here is we don’t panic after a price decline. Old investors might not see any problem but with new investors, this will really put their faith for bitcoin into test, but end up selling earlier so they can avoid too much losses. Volatility is bitcoin’s nature, so expect that we will witness price fluctuations any moment from now.

This is the most likely scenario, while I am happy with the profits I can see on my wallet everyday, at the same time this kind of growth cannot be maintained, the upwards movement is too steep and a downward movement must follow it, but while we have endured movements like those before, I am sure there are many retail investors buying bitcoin for the first time that are about to get burned hard once that happens, and I do not know if they have what it is necessary to keep holding their coins as they will be going through an immense pressure to sell their coins and cut their losses.

[aoluain]

Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments.

Most likely, after this rapid growth, a price correction might follow. So there is still nothing new with how bitcoin moves. It might take differently but it will still go back to its basic. The important thing here is we don’t panic after a price decline. Old investors might not see any problem but with new investors, this will really put their faith for bitcoin into test, but end up selling earlier so they can avoid too much losses. Volatility is bitcoin’s nature, so expect that we will witness price fluctuations any moment from now.

This is the most likely scenario, while I am happy with the profits I can see on my wallet everyday, at the same time this kind of growth cannot be maintained, the upwards movement is too steep and a downward movement must follow it, but while we have endured movements like those before, I am sure there are many retail investors buying bitcoin for the first time that are about to get burned hard once that happens, and I do not know if they have what it is necessary to keep holding their coins as they will be going through an immense pressure to sell their coins and cut their losses.

Yup I agree also about corrections, there will be corrections, look at yesterdays flash crash from €64k to
€58k in less than an hour which was more than likely a move to liquidate the long trading positions.

Its a dangerous time for new investors of first time buyers, when the market rises or falls rapidly there
will be FUD and FOMO and when the market moves the other way there could be more FUD and FOMO.

How high do you think it can go?

Well $60k is done we are looking at the market closing in on the ATH. Interestingly we have never hit the
previous ATH before the halving! after the halving is a different matter, there are calls for $100k and beyond
but there are many threads about that and "how high it will go" already

[m2017]

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

These are truly exciting times. Seeing that the $60k mark has been surpassed, I don’t even know what to do. Either rejoice at what happened, or expect unpleasant shocks in the cryptomarket. Everything is developing too quickly this time, and most importantly, much earlier than it was in previous times. Either the patterns are subject to change, or something doesn't go according to “plan”. Everything that's happening looks too good.

How high do you think it can go?

A similar question is asked time after time and it is impossible to answer. If before the recent frantic growth rates it seemed to me that there would be a decline by the end of the month (a subjective opinion based only on speculation), now I don’t even know what to expect next. Not reaching the $100k level, right? This would be too good at this stage.

[Bobrox]

What the amazing with bitcoin closing price on $64k and become the most highest price for this season, left few percent to break out new all time high price but getting FUD and bad news after Coinbase users show their zero balance make many people panic and bitcoin price dropping back to $60k.
I don't think difficult for bitcoin price today break out the new all time high if not any bad news about Coinbase user have zero balance with their account, seems potential and more close for bitcoin raise up to $70k and new all time high record before halving time coming.

In this years, bitcoin have quickly recovery to higher price since breaking out from $40k to $50 kand not difficult how to make new higher price to $64K. Bitcoin current price movement quickly after dropping with bad news about Coinbase user has zero balance and bitcoin recovery well almost close to up again $63K.

[rodskee]

The Bitcoin bullish megaphone is playing out again! As the Price is rapidly closing in on $60,000. Already you can see the FOMO finding it's way back into the market. In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper. The intricate dance of the market, echoing patterns of the past while paving the way towards new heights. I dont know what to call this except fascinating times indeed.

How high do you think it can go?

Now at 62.5k$ and still greening , https://coinmarketcap.com/currencies/bitcoin/ so asking me
how high it can go>?for now I will bet to 65k at least before we seek for refuge at  70k(and that will be breaking the ATH)

if this is similar to 2017 then this is  above that year for me as what the market is showing now.

[Ayers]

What the amazing with bitcoin closing price on $64k and become the most highest price for this season, left few percent to break out new all time high price but getting FUD and bad news after Coinbase users show their zero balance make many people panic and bitcoin price dropping back to $60k.
I don't think difficult for bitcoin price today break out the new all time high if not any bad news about Coinbase user have zero balance with their account, seems potential and more close for bitcoin raise up to $70k and new all time high record before halving time coming.

In this years, bitcoin have quickly recovery to higher price since breaking out from $40k to $50 kand not difficult how to make new higher price to $64K. Bitcoin current price movement quickly after dropping with bad news about Coinbase user has zero balance and bitcoin recovery well almost close to up again $63K.

I think the Coinbase incident was just a market manipulation to liquidate long/short and not a random incident. And more of the same will happen during this bull season, and weak hands will sell their bitcoins to market makers. This is one of the ways market makers take our bitcoins during the bull season. I believe the range for bitcoin in the coming days will be huge, possibly 10-20% in a short-term correction like the way bitcoin did yesterday.

As for bitcoin breaking old ATH and making new ATH, I don't think it will happen anytime soon.

[Bd officer]

How high do you think it can go?

February is going to end today, I guessed bitcoin will be $60k by the end of this month or next month my guess was right. Bitcoin price has stabilized again between $60k and 63k, I think may cross $70k by March. If not in March, I expect Bitcoin to surpass the peak price of Bitcoin before the halving. However, Bitcoin halving is still about 2 months away.

[TheUltraElite]

Your predictions are "majestic" indeed.

(Takes a little bow) I know they are quite lofty, but I try my best. 

That was a reference to your username, which you would have guessed by now. 

Bitcoin is a volatile coin and that means sudden disruptions to the price are bound to happen, it all depends on how quick one can adapt to such changes. Bitcoin price briefly touched $63k but with the issues Coinbase was encountering, it's price went down a sharp slope to stop at $60k. Hopefully we'd see more positive trends in the days coming.

Indeed drops are happen as we are going upwards, but keeping up with the trends I am expecting a close to 69k USD price happening soon. But there is always the chance for the correction to happen and then it can turn backwards.

My sell orders at 55k USD have completed which is a sigh of relief for me. Now I am just waiting and watching what the effect of the bull run ends up in.