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Author Topic: Bitcoin price is going to touch all time highs  (Read 1067 times)
Yamifoud
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June 08, 2024, 10:19:34 AM
 #101

I think it will fall first before the new highs, lots of back checking.    We have not yet proven the downside is finished especially and every attempt upwards is too hesitant for me to have much confidence in that idea.   I find the most positive outlook at present is to acknowledge BTC price action as balanced, range bound but ultimately quite positive in holding its ground.

Currently, the price of Bitcoin is hovering between $62k and $70k for a long time. You'll notice that after every halving, Bitcoin prices dump a lot, and now that the halving is in 2024, dumping is basically a good time for investors to hold. Because many investors wait long enough to hold by buying bitcoins during dips. But currently the price of Bitcoin is within the control of every investor and there is enough time for everyone to invest if they want. But after a few days the price of Bitcoin will start to rise again and hit the highest peak.

The price isn't moving high these few months but we can't stop from thinking there is a time to surpass $73k. The halving isn't looking good this time, it is far from what we expected before. The market behavior is quite changing this time, more people are getting smart but learning from their mistakes in the past, they can now control their emotions (panic/worries) making the price not move fast. But I believe it was not just the reason that caused the situation like this, it also because of the inflation and conflict of other places.

We can still think of new ATH but it is better of not thinking it every day because it only bothers us.
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June 08, 2024, 04:04:13 PM
 #102

Agreed, it is definitely possible to earn well if you hold bitcoin. Bitcoin price has just touched $70k and if we wait long enough it won't take long to go to $100k. After that the price decreased slightly and the transaction was going through ups and downs. The price of bitcoin has started to rise again.
If you pay attention to the Bitcoin price graph in the last month, of course the price achievement of $70K is a figure that has started to be seen frequently in Bitcoin this year, which can still be said to be very good for Bitcoin holders who still want to keep their own Bitcoin until now. But to expect a price of $100K on Bitcoin also still requires time that is not as soon as possible for Bitcoin because the price distance which is almost half of the current price is a process that is not possible for Bitcoin to happen soon.

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June 08, 2024, 05:46:31 PM
 #103

This could all be possible bitcoin price will hit above 70k$ or even touch down 100k$ this is all possible in bitcoin, look at how far bitcoin price now, and compare it to its price when it first trade on the market, so on my own opinion 100k$ is not impossible to reach or even 200k$ it is a matter of time and if we can hold then we will surely earn.

If we see the success rate of Bitcoin from the time of creation till now then we can conclude that the worth is increasing as the year goes so in future the price will be higher as compared to that of the current worth so here is a better opportunity to invest in Bitcoin now because we will surely reach our target rate if we hold with patience.

Bitcoin once again touched the value of 72k$ but now it is 70k$ which means that the market is fluctuating but overall it is in better condition which will improve more as the effects of bull season become stronger and maybe 100k$ become a reality at the end of current year.



 

 

 

 

 

 


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June 10, 2024, 05:59:50 PM
Last edit: June 10, 2024, 06:09:59 PM by STT
 #104

That last comment about range bound is below us presently.  BTC has stayed above 69k recently which puts it outside the normal range since March, the implication being without boundaries the price is free to move alot more as per OP topic title.

All the lows of the last couple days have been above 69.1k and back to June 3rd mostly thats been true which puts us on a positive step going forward.   We can still misstep in future but its a good path so far and its true on multiple time frames which helps alot also.

Its impossible for me to say for absolute certain but just now we're ahead of the weekly average.  I want to see this 4hr bar to remain below us going forward for a proper build, so roughly 70k or  69.7k is showing as the low on this 4hr.

 If price keeps building and we're already looking correct in ascending since start of May perhaps something can actually happen more then a repeat more then just range bound pricing back and forth.


Counter scenario to this is a price peak of 72k both in May and recently in June, that too is a price level to watch.  Failing to pass that would be a warning for negative action.

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June 10, 2024, 08:10:11 PM
 #105

Agreed, it is definitely possible to earn well if you hold bitcoin. Bitcoin price has just touched $70k and if we wait long enough it won't take long to go to $100k. After that the price decreased slightly and the transaction was going through ups and downs. The price of bitcoin has started to rise again.
If you pay attention to the Bitcoin price graph in the last month, of course the price achievement of $70K is a figure that has started to be seen frequently in Bitcoin this year, which can still be said to be very good for Bitcoin holders who still want to keep their own Bitcoin until now. But to expect a price of $100K on Bitcoin also still requires time that is not as soon as possible for Bitcoin because the price distance which is almost half of the current price is a process that is not possible for Bitcoin to happen soon.

The bitcoin BTC price is ranging from 60 to 70K for almost 40 to 60 days and I think we will soon see a breakout. The price is accumulating big time and once it will break the upper resistance, then we may see 90K+ bitcoin price. Yes, bitcoin will see a physiological resistance at 100K but i am sure it will surpass it very easily and in the initial stage of the bull season.

But still based on these facts I would not recommend anyone to take a future long trade on Bitcoin as there will be pull backs to liquidate big traders. The best is to accumulate bitcoin in the spot for mid to long-term investments and you will get most return in this season.

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June 11, 2024, 05:37:22 AM
 #106

Agreed, it is definitely possible to earn well if you hold bitcoin. Bitcoin price has just touched $70k and if we wait long enough it won't take long to go to $100k. After that the price decreased slightly and the transaction was going through ups and downs. The price of bitcoin has started to rise again.
If you pay attention to the Bitcoin price graph in the last month, of course the price achievement of $70K is a figure that has started to be seen frequently in Bitcoin this year, which can still be said to be very good for Bitcoin holders who still want to keep their own Bitcoin until now. But to expect a price of $100K on Bitcoin also still requires time that is not as soon as possible for Bitcoin because the price distance which is almost half of the current price is a process that is not possible for Bitcoin to happen soon.
its crazy how $69k previous month is an amazingly good price point for bitcoin everyone celebrates it but right now people are sentimental and also afraid we might turn bearish, if we really turning into bearish the price will be dumping literally from ath to bottom within just few days.
but right now we're still on the right track, $100k as you said need time before it could be achieved, we're waiting for approval of ETFs, there has been many milestone achieved and there's more to come its matter of time.
even right now talking outside bitcoin, Ethereum ETF is racking money there is many projected speculation that ETH ETF could reach $4billion which is great meaning people are attracted to crypto.

just wait until the end of the year around Q4 its gonna be where we have that big bullrun, for now what we can do is just making an entry.
last month $61k already considered too expensive right now literally price floating around $68-71k I think next month its gonna be around $78k which if truly happened gonna be great.

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