another ATH , 71k and still climbing.

[STT]

50 day average is still climbing which is good but we have a weeks worth of trend decline seems like.  The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing.  Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

[Yaunfitda]

50 day average is still climbing which is good but we have a weeks worth of trend decline seems like.  The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing.  Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

Yep, it seems that when we try to break our have a break out run, suddenly the price will go on the opposite side. Not sure what it is, perhaps there are selling pressure when we reach like $71k and there are speculators shorting Bitcoin that time to make quick profit. We can understand that, regardless though, we still have 6 months to go for this year, anything can happen and I do believed that TA will corresponds to a new high in price. We just need to see one movement or a positive news to push the price to $70k and maybe at that x attempt, we will finally maintain that price and then go up again to set new ATH.

[justdimin]

50 day average is still climbing which is good but we have a weeks worth of trend decline seems like.  The reasonable assumption at this point is we are quite likely continue that decline.

My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing.  Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.

Yep, it seems that when we try to break our have a break out run, suddenly the price will go on the opposite side. Not sure what it is, perhaps there are selling pressure when we reach like $71k and there are speculators shorting Bitcoin that time to make quick profit. We can understand that, regardless though, we still have 6 months to go for this year, anything can happen and I do believed that TA will corresponds to a new high in price. We just need to see one movement or a positive news to push the price to $70k and maybe at that x attempt, we will finally maintain that price and then go up again to set new ATH.

I would say that people usually do not want to sell but when you think about the future, you realize that you have seen one too many times when it reached 72-73 levels give or take, like the peak, and you know that why would you keep it going after that knowing that each time it has done that, it went down.

People do not trust each other, which means that we are going to end up with something that will take a lot of issues and we should probably consider how it could move differently, it is not going to be too simple and it will not be understood all that easy. If we keep thinking that others will join us when we buy, then when others sell we will be left with a bag, that is why whenever it peaks, everyone sells while few just holds.

[AnonBitCoiner]

     What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

     And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

[Zadicar]

     What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

     And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

Why people cant really be able to bare up with the market movement or really that simply they are expecting something about having that one movement?  We arent that still on a bull run yet on which
it would really be that too early to make or draw out some conclusions on which we know that this market have cycles. We arent that something that we could be able to predict on where it would be heading.
$70k+ ATH isnt something that would be hard to break out. Now on the current situation that we are in now on a dropping market but not really that much yet its been holding into the support.
You would really be able to say that this might be holding up and preparing for another leg up. Although no one would really be able to know on how far we would really be able to hit up
max on this current cycle.

[btc_angela]

     What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

     And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

But there are investors or traders alike who wants to complicate things on their end, that's why they become stressful when there is a slippage in the price like what we have seen in recent when the price goes down to $60k and for sure there could be a newbies somewhere who are afraid and got nervous because they might have bought at a higher price and might have pulled the sell button.

However, for veterans or who have the experienced for many years here, it's just a bit normal, price fluctuates, nobody will know what the future holds. But if we are here for the bigger picture then why not just buy cheap and hold, a great example is when the price is at lowest low during the bear market at $15,500. If you have that mental fortitude to not sell and have bought around that price, you are still in a big profits and just waiting for the price to hit $100k in 2025.