another ATH , 71k and still climbing.

[Dave1]

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Wow, that's a big price, but I think it's achievable in the next 5 years or so. But right now, the target is $100k, at least that is the conservative estimates that almost majority thinks that we will hit in the next bull run or our new all time high.

And then after that if you don't sell in this bull run and continue to hold then good for you. Others though might take some profit this bull run. But me thinking though what you said, because if I just hold my coins that I accumulated from the last bear market it could really be big money this incoming bull run but it's mentally tough but it's doable in my opinion.

[pawel7777]

A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).

I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.

[legendbtc]

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Wow, that's a big price, but I think it's achievable in the next 5 years or so. But right now, the target is $100k, at least that is the conservative estimates that almost majority thinks that we will hit in the next bull run or our new all time high.

Dreams are not taxed so we can predict and dream about the price bitcoin can achieve, 500k$ or 1 million...But let's look at the fact that we haven't even reached our $100K goal, which we've been dreaming about since the 2021 bull season but it hasn't happened so far. So, expecting a higher ATH is unrealistic. Bitcoin still has long-term upside potential, but we also need to note that bitcoin's growth rate is gradually slowing down and becoming more stable. Bitcoin has become bigger, it can no longer bring x10, x100 profits like when the capitalization was small. So, expecting bitcoin to reach $500k or $1 million is somewhat exaggerated and unrealistic, let alone claiming that it will happen in the next 5 years.

[pinggoki]

A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).

I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.

Sure but some people can't help but look at it and be awed at the wonderful thing that's currently happening with bitcoin, I mean the price is going up and if you're hodling, you know that you're going to be making a lot of profit from that and the inflation is just for the USD right? If that's the case then it's just a problem for those that are mainly on the USD using country, not those that are using it as a primary currency. I would also like for people to chill down with your hype around 100k bitcoin because it's not going to go to that point anytime soon, remember that there are other anonymous investors out there that don't have the 100k as their target price and there are thousands of people selling everyday because the bitcoin price moved up a little.

[buwaytress]

Only $70k? Have the massive Bitcoin bulls become so conservative or are pickings just too slim elsewhere? We're not yet climbing to ATH, so a move up now is temporary. Would actually prefer to be testing some lows at this stage, been a while since we've had a proper scare, everything's far too rosy for my liking.

And where on earth did that looming global crisis disappear to? I feel like we're due one, not this piffling coy little play things of inflation reports.

[enwi]

Only $70k? Have the massive Bitcoin bulls become so conservative or are pickings just too slim elsewhere? We're not yet climbing to ATH, so a move up now is temporary. Would actually prefer to be testing some lows at this stage, been a while since we've had a proper scare, everything's far too rosy for my liking.

And where on earth did that looming global crisis disappear to? I feel like we're due one, not this piffling coy little play things of inflation reports.

That's right, Happy 2024 still has quite a long time and there is still a chance to print a new ATH. What we need to do is keep saving very large amounts of Bitcoin and make sure we never use it, maybe for the next ten years then huge profits will come your way.

[Dave1]

Personally I still hold it. Even though currently the price of bitcoin tends to fall, I am sure that in the next opportunity the price of bitcoin will reach a much higher ATH than before. My target is not just $75k but $100k, and I am determined to continue hold until the price of bitcoin reaches $100k.

I like this type of attitude. People and investors need to have clarity like this. If you are investing in Bitcoins, then you need to think of something big. I have often seen the investors get into fear and panic sell the coins when price starts falling. Instead what they can really do is think this as an opportunity and buy the coins at cheap price. I have even heard that many people are planning to hold the coins till it reaches 500k USD. So lets hope for the best and keep on accumulating the coins.

Wow, that's a big price, but I think it's achievable in the next 5 years or so. But right now, the target is $100k, at least that is the conservative estimates that almost majority thinks that we will hit in the next bull run or our new all time high.

Dreams are not taxed so we can predict and dream about the price bitcoin can achieve, 500k$ or 1 million...But let's look at the fact that we haven't even reached our $100K goal, which we've been dreaming about since the 2021 bull season but it hasn't happened so far. So, expecting a higher ATH is unrealistic. Bitcoin still has long-term upside potential, but we also need to note that bitcoin's growth rate is gradually slowing down and becoming more stable. Bitcoin has become bigger, it can no longer bring x10, x100 profits like when the capitalization was small. So, expecting bitcoin to reach $500k or $1 million is somewhat exaggerated and unrealistic, let alone claiming that it will happen in the next 5 years.

I do agree we all have our dreams and what price we wanted. And with that, we should really be careful of our predictions, who really don't know, maybe we can hit it or not. But yes, it should be really baby steps, maybe in this bull run we will be looking like $100k++ first and then before we can talk about half a million to $ 1 million.

That's a big dream to all of us, and again, just imagine if it become true, what will be our life will be then.

And that's why we really need to keep dreaming and continue to accumulate no matter what.

[tengui]

currently to reach $75k is very difficult because it seems that the halving does not have a significant impact on the increase in bitcoin prices. You can see that after the halving occurred, the price of Bitcoin has remained stagnant and even tends to fall. I'm starting to believe the theory of some people who say that the ATH this year is $73k. but I still hope that the price of bitcoin can reach a much higher ATH because until now I still hold the bitcoin that I have.

[pawel7777]

currently to reach $75k is very difficult because it seems that the halving does not have a significant impact on the increase in bitcoin prices. You can see that after the halving occurred, the price of Bitcoin has remained stagnant and even tends to fall. I'm starting to believe the theory of some people who say that the ATH this year is $73k. but I still hope that the price of bitcoin can reach a much higher ATH because until now I still hold the bitcoin that I have.

Did you expect fireworks or the "God candle" the very minute halving occurred?
The effects of the halving will be spread over longer period of time. If you look at the previous cycles, you'll see that it could take months or over a year after halving for the price to reach the peak.
Patience.

[buwaytress]

Only $70k? Have the massive Bitcoin bulls become so conservative or are pickings just too slim elsewhere?

That's right, Happy 2024 still has quite a long time and there is still a chance to print a new ATH.

You perhaps didn't quite get the spirit of my post, heh. A new ATH this year is the general consensus, really. Post halving and all that, buoyed by an unexpected pre-halving ATH and ETF euphoria, tag on an unexpected boom for the US economy, you've got a cocktail brewing. Just not sure people will like the withdrawal after that. A crash now rather than later could innoculate some of the blowback, that's how I always feel with these cycles.

[ShowOff]

currently to reach $75k is very difficult because it seems that the halving does not have a significant impact on the increase in bitcoin prices. You can see that after the halving occurred, the price of Bitcoin has remained stagnant and even tends to fall. I'm starting to believe the theory of some people who say that the ATH this year is $73k. but I still hope that the price of bitcoin can reach a much higher ATH because until now I still hold the bitcoin that I have.

Did you expect fireworks or the "God candle" the very minute halving occurred?
The effects of the halving will be spread over longer period of time. If you look at the previous cycles, you'll see that it could take months or over a year after halving for the price to reach the peak.
Patience.

@tengui should already know what bitcoin price movement patterns are because he has been here since 2017. He has been in 2 halving cycles so I think he already understands when a bull market can be expected.

It is true that patiently holding and continuing to accumulate is the key to success in getting more returns from bitcoin investments. Halving does not immediately push the price of bitcoin up so much in one to two months, but the price will rise over time even if it takes several months. Patience is key, but maximizing to build a portfolio should be a good plan right now.

[btc_angela]

currently to reach $75k is very difficult because it seems that the halving does not have a significant impact on the increase in bitcoin prices. You can see that after the halving occurred, the price of Bitcoin has remained stagnant and even tends to fall. I'm starting to believe the theory of some people who say that the ATH this year is $73k. but I still hope that the price of bitcoin can reach a much higher ATH because until now I still hold the bitcoin that I have.

Did you expect fireworks or the "God candle" the very minute halving occurred?
The effects of the halving will be spread over longer period of time. If you look at the previous cycles, you'll see that it could take months or over a year after halving for the price to reach the peak.
Patience.

Right, at least 6 months will be will good to see how the effect of the halving is to the price. In the past we have heard this kind of sentiments as well, that the effect is not felt and there are some kind of skepticism.

Nevertheless, Bitcoin has proven these people that they are wrong, prices will eventually grow but it will take some time. And it's like that the market is going to test each and everyone of us, and only those who is known to have a "diamond" hand will survived at this kind of investors are looking at the bigger picture and not worry where the price is today. Just wait till the end of the year and maybe by that time we are in the six figure mark of $100k.

[STT]

100k is just a round number, I think of that figure like I might 75k its in the area now but less of a big deal then when we were stuck in the teens looking up at these prices.

When BTC breaks free of these old prices and volume from years ago it should go much further then just another 25k.  Thats been the dynamic previously that unimpeded by historic volume the pricing rose far more easily then expected.

No doubt people find a magical resonance about 100k but every price in every country is slightly different, dollar is most common but not the only price.   In any case Dollar has altered over time alot, its not a fixed standard or worth and inflation only reflects dollar's constant decline.

[btc_angela]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

[Bravut]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

Very nice price action, so far. Am not surprised though for Bitcoin to reach $71k again, that just range it has been ranging since after the drop from ATH at $73k. The dump we were experiencing is a normal price action, only the impatient as you said were confused.

I can't say wether we are gonna see Bitcoin above $100k, but I can say we will create a new ATH before the massive bull breakout. Once I see price create a new ATH then I can be more optimistic for greater height in price this year.

[Don Pedro Dinero]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

Yes, it seems that the price trend is getting us closer to where we are all waiting for the breakout that leads us to break the ath and the $100,000 area, which is a figure we are all very excited to beat. As usual, we cannot be sure of anything and we cannot rule out that the next direction of the price will be down, but if we are investing for the long term we will not care a bit. The rest of the year will most likely be good in terms of price.

[Minor Miner]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

What do you think is the reason why bitcoin and the entire market turned green? I believe this impact is due to the news of the ETH ETFs rather than the impact of the halving. Looking at ETH, it jumped over 20% in just one day when news broke that there is a 75% chance that the ETH ETF will be approved on May 23. But like a bitcoin ETF, nothing is guaranteed until official news is released so there is still a chance that the market will be severely dumped if the ETF is not approved.

[Mame89]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

What do you think is the reason why bitcoin and the entire market turned green? I believe this impact is due to the news of the ETH ETFs rather than the impact of the halving. Looking at ETH, it jumped over 20% in just one day when news broke that there is a 75% chance that the ETH ETF will be approved on May 23. But like a bitcoin ETF, nothing is guaranteed until official news is released so there is still a chance that the market will be severely dumped if the ETF is not approved.

I also have a view like you, if I see the market price turning green because of the news about the ETH ETF that will happen tomorrow. So I also don't see this as an impact of the halving, because ETH jumped higher than BTC but this is also good enough to attract investors. But even so, both BTC and ETH have now reached significant resistance levels, so it's best to continue using bitcoin and ETH.

If the ETF approves ETH tomorrow, it is very likely that all markets will experience another significant increase and will even break the current resistance level, then Bitcoin will exceed $73k and ETH will exceed $4k. This is just a prediction, everything comes back to their respective research in investing.

[lombok]

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

Yes, it seems that the price trend is getting us closer to where we are all waiting for the breakout that leads us to break the ath and the $100,000 area, which is a figure we are all very excited to beat. As usual, we cannot be sure of anything and we cannot rule out that the next direction of the price will be down, but if we are investing for the long term we will not care a bit. The rest of the year will most likely be good in terms of price.

Exactly, Bitcoin price is currently stable at around $70k. If Bitcoin always has price movements like this then there is a possibility that Bitcoin will reach a price of $100k this year. Moreover, next year will also enter the altcoin season, so I am sure Bitcoin will easily reach the high price that many people expect.

[STT]

Failure to beat 70k confidentially could resolve tomorrow properly if we can confirm higher lows in this area.



This is the view I have on 1hr bars with 2 day average on the blue moving average, this has roughly been in line with the positive action recently.  Weekly average is further behind at 67k giving some leeway but ideally I dont want to see BTC price action below 69.1k closing on 4hr bars.   Consistent positive movement in this area would be helpful for the wider picture of breaking a multi month drift and decline.

I dont think I have to say especially if we break a decline, the positive outlook is then far more likely to take place ie. we finally break this range and stop repeating.    Till this is all proven even with this short term positivity I still expect a continuation and repeat as the current trend to be repeated; its the record playing on repeat thats the one to break.

This is only April start all over again, the peak then was 72.8k so put a line in the sand