ATH was just broken seconds ago!

[thecodebear]

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.


Goodbye 2021 ATH, and welcome to the 2024/25 bull run!


Update: about a minute later its down under $68k haha

Many are looking at the previous ATH as the resistance hence, we are seeing Bitcoin going down to $66,000 again as it goes up near to it.
Well, the good thing is that we are at $68,000 again.

On Coingecko and Coinmarketcap, it seems like it hasn't been reached yet. The good thing is that many are optimistic about Bitcoin that's why many are buying it right now trying to ride the train. Like I said in the past, I will only think that we entered the bull market if the price of Bitcoin surpassed the previous ATH of ~$69,000 and stayed above that price for weeks. Until that doesn't happen, I don't consider we are on it yet. Nevertheless, it's a good sign that we are nearing breaking the previous ATH, and TBH, I didn't expect it to happen because, in the past, it took months after the Bitcoin halved before the previous ATH was surpassed. Now we are a few weeks away from the halving event and we are seeing Bitcoin trying to surpass it's previous ATH already. I'll stick to my prediction that Bitcoin will reach as high as $150,000 next year.

P.S. Oh not again. The price of Bitcoin went down to $65,000 again as it tried to go to $69,000. 

Yeah that's a good point. Even though it broke the ATH today I think plenty of people wouldn't consider it to be in a new bull run until it surges past the ATH. This morning it only broke the ATH by like $150 and then dumped like $6000 haha. But then again others will say the bull run started back when the price started surging a week ago off $52k, or a few months ago when it broke out of the $25k-$30k range, or last March when it broke out of the bottom of the bear market, or even last January when it started strongly moving up off $15k/$16k. Calling it a bull run is just a label, that we can define different ways. The main point is that Bitcoin has broken 2021's ATH amid a very bullish market and will soon be heading to prices much higher.

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[milewilda]

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.


Goodbye 2021 ATH, and welcome to the 2024/25 bull run!


Update: about a minute later its down under $68k haha

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. 

[Faisal2202]

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.


Goodbye 2021 ATH, and welcome to the 2024/25 bull run!


Update: about a minute later its down under $68k haha

That's call volatility, those who have set limit orders they must have booked there profits by now, I was unlucky to book any profits, as I was a little lazy and ill also, but after calculating the market and the profit I could have booked, I feel regret now. And as of writing this post, BTC value has gone below $62k. And a total of $700+ million of dollars have been liquidated till now. That's so sad. And it's one of the main reasons that I don't trade in the Future.

If I would be in future trading, then I must have lost my funds also, but still due to not booking my profits, I should still consider myself at loss. But those who lost the opportunity they should keep there calm as there are more to come in future. As after halving we might see BTC breaking history and setting new ATH that's no one have predicted.

[_BlackStar]

-snip-

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. 

I'm not sure what happened - but today's price correction was a little scary. Yes of course - after touching $69K, the price gradually dropped to $59K, meaning we lost $10K in less than 5 hours. Something may have caused such a big panic - but I'm grateful that the price gradually recovered and is now back above $63K.

I think the Meta case may not be the main cause of why bitcoin's price dropped so quickly - but there are likely other issues that caused the price to drop significantly. Who knows - but it's best right now to keep emotions safe while waiting for another big increase ahead of the halving.

[STT]

Just take note from all this action today, when everyone is watching the same point it overdevelops and has too much heat to it.  The sell after reaching the ATH is a classic move, worth remembering because it happens any time we underline something too much.

The positive takeaway is all these fun and games dont matter in the big picture, selling off from the ATH is a given.  Its predictable and yet its nonsense but if people want to sell then of course its a real price fall but not actual significance towards a larger trend.  Its news today and tomorrow its trash is an old saying, I wouldn't rate too much on todays action.  Of course we have to observe and measure strength and any developing trend of weakness etc.

   Just all this is quite familiar that we play games around big numbers, back when 10k was a big deal it used to be round numbers were the thing but they dont matter seriously and I consider ATH though familar not the end of what's been occurring in BTC since the trend turned around last year.

[thecodebear]

About 20 seconds ago I just watched Bitcoin pass $69,000 on Coinbase.


Goodbye 2021 ATH, and welcome to the 2024/25 bull run!


Update: about a minute later its down under $68k haha

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. 

lol what?? Meta and Bitcoin have nothing to do with one another. Don't know why you would randomly start talking about Facebook being down on a Bitcoin forum haha

[thecodebear]

-snip-

And we do have that Facebook and other application crash.

Facebook and Instagram down: Thousands of users report problems with Meta's social media platforms
Source

And together with that news, Bitcoins price drops 69k to 64k. Coincidence? Or trying out to divert peoples attention for possible manipulation?
Hmmm.. For sure there would be those people who do think up this thing too. 

I'm not sure what happened - but today's price correction was a little scary. Yes of course - after touching $69K, the price gradually dropped to $59K, meaning we lost $10K in less than 5 hours. Something may have caused such a big panic - but I'm grateful that the price gradually recovered and is now back above $63K.

I think the Meta case may not be the main cause of why bitcoin's price dropped so quickly - but there are likely other issues that caused the price to drop significantly. Who knows - but it's best right now to keep emotions safe while waiting for another big increase ahead of the halving.

I wouldn't call that correction scary. Just expected. Price rose $18k in like a week to break the ATH, a correction was inevitable. The only thing surprising is that it immediately popped back up to the mid to high $60,000s. I would have guessed it would have stayed down around the bottom of the correction for at least a week or two, not like a fraction of a day haha. I guess buy pressure is just too dang strong right now to even let a proper correction happen.