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Author Topic: another ATH , 71k and still climbing.  (Read 945 times)
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March 29, 2024, 01:09:44 PM
 #41

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.

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March 29, 2024, 01:24:51 PM
 #42

Potentially bullish rumours on the Morgan Stanley ($150 billion market cap investment bank)  filed with SEC to buy Bitcoin ETFs with 12 of their funds.
The speculation is that they will also allow Bitcoin spot ETFs to be traded on their platform, which potentially could have a decent impact on the price.
More details:
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-defends-69k-amid-rumors-of-morgan-stanley-approving-btc-etfs-on-its-platform-202403271900
https://twitter.com/BTC_Archive/status/1772978686133768479

If true, this has the potential to tip the price over $75k.

The impact of the ETF on bitcoin is huge and if this news is true, it is entirely possible that we will see bitcoin prices reach $80K or more very soon. But this also reminds me of something: in the past, many people thought ETFs were useless and they didn't take them seriously . But now what, everyone is watching the money flowing into bitcoin through ETFs every day as this is the biggest catalyst for bitcoin price to reach a higher ATH. I think the impact of the ETF has surpassed and is greater than the impact of the halving.

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March 30, 2024, 07:28:18 AM
 #43

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?
Bitcoin prices have seen a surge since the start of the year with Bitcoin ETFs. Where Bitcoin price this month has seen break its previous record and enter a new ATH. It cannot be ruled out that we will see Bitcoin hit $75k before the Bitcoin halving. More people are showing interest in investing in Bitcoin now than before. Due to the rising price, many people want to hold the coin and expect more price increase in the future. Many say that such increase is due to the approval of Bitcoin ETF, while others say that the value of Bitcoin is increasing due to the increase in the amount of Bitcoin holdings. What is the exact reason for Bitcoin's price increase? Many people can analyze it in different ways, but in my opinion, I can't find any correct explanation. I don't know what will happen next, but I want to witness the bull run ahead.

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March 30, 2024, 08:27:09 AM
 #44

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?
Bitcoin prices have seen a surge since the start of the year with Bitcoin ETFs. Where Bitcoin price this month has seen break its previous record and enter a new ATH. It cannot be ruled out that we will see Bitcoin hit $75k before the Bitcoin halving. More people are showing interest in investing in Bitcoin now than before. Due to the rising price, many people want to hold the coin and expect more price increase in the future. Many say that such increase is due to the approval of Bitcoin ETF, while others say that the value of Bitcoin is increasing due to the increase in the amount of Bitcoin holdings. What is the exact reason for Bitcoin's price increase? Many people can analyze it in different ways, but in my opinion, I can't find any correct explanation. I don't know what will happen next, but I want to witness the bull run ahead.

You got the answer right in your comment. Think about it, if the bitcoin ETF is not approved, large investment funds like Blackrock will not enter the market, we will not have large cash flows pouring into the market, so how can the price increase? Demand for bitcoin holdings has increased significantly due to the approval of bitcoin ETFs, both of which are closely related. The recent price increase of bitcoin is due to the impact of bitcoin ETFs, although many people do not like ETFs, we cannot deny this.

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March 30, 2024, 09:27:03 AM
 #45

Potentially bullish rumours on the Morgan Stanley ($150 billion market cap investment bank)  filed with SEC to buy Bitcoin ETFs with 12 of their funds.
The speculation is that they will also allow Bitcoin spot ETFs to be traded on their platform, which potentially could have a decent impact on the price.
More details:
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-defends-69k-amid-rumors-of-morgan-stanley-approving-btc-etfs-on-its-platform-202403271900
https://twitter.com/BTC_Archive/status/1772978686133768479

If true, this has the potential to tip the price over $75k.

The impact of the ETF on bitcoin is huge and if this news is true, it is entirely possible that we will see bitcoin prices reach $80K or more very soon. But this also reminds me of something: in the past, many people thought ETFs were useless and they didn't take them seriously . But now what, everyone is watching the money flowing into bitcoin through ETFs every day as this is the biggest catalyst for bitcoin price to reach a higher ATH. I think the impact of the ETF has surpassed and is greater than the impact of the halving.
You are giving too much credence to the ETF in my opinion, the market acted positively beyond the ETF inflow itself, but the market feelings (psychology). First, I do not know anyone who will take an advancing opportunity in the cryptocurrency space for granted, it is obvious that the ETF is a plus for Bitcoin and would help the price to rise no matter how little. Nonetheless, the thing I know is that the market acted purely psychologically in the second half of 2023 rather than what people think of it. Had it been the ETF was filed for approval in 2022, it would have been a different story compared to what happened in 20. The effect would never have been like what we witnessed, so giving too much credence to the ETF due to the FOMO in the market is not so worth it, the main credence should have been left for the true effect when there are inflows through the ETF companies.

For better clarity, the market is funny, could you believe that an ordinary rumour could be so impactful in the market that people would be so surprised at what happened? And when the main news comes out, the effect might be so minimal or insignificant. That's the market for you, it moves psychologically. Now, what happened last year was the situation of the ETF news meeting the preparedness of investors as Halving was fast approaching. The mood was already there, the ETF was just a catalyst even as it had not helped with a single ETF inflow then. The fact that people did not want to miss out on buying Bitcoin at a better price caused FOMO in the market at the time, which was what was responsible for the bull run we witnessed in the market. It was purely speculative and not about the ETF directly adding the money per se. Ever since, what meaningful inflow has the ETF attracted to the Bitcoin market? We should know the sentiment of the market from an event. Bitcoin is an open market that is very accessible, unlike Gold and others who need more of ETF. For me, the effect of ETF in attracting money to Bitcoin through the ETF company is what I am still doubtful to be as huge as people expected.

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March 30, 2024, 11:36:21 AM
 #46

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.

I have similar expectations but we need to understand that there has been no major correction of Bitcoin price we may see some swings but yes it will surely esd towards $80k and all it needs is a surge like we have witnessed in last few months and Bitcoin trending around $80k itself is a good sign of strong support. $100k definitely looks difficult before halving but eventually it will be breached.









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March 30, 2024, 03:45:48 PM
 #47

-.-


-.-For me, the effect of ETF in attracting money to Bitcoin through the ETF company is what I am still doubtful to be as huge as people expected.

I don't put too much faith in ETFs, I'm just saying what's going on as I feel. I just know that thanks to the ETF catalyst, bitcoin reached an ATH before the halving and that has never happened before.

And talk about onchain data about the flow of money through the ETF to enter the market. There is a lot of onchain data provided by services, I think you have never tracked them so you already have some suspicions about them. According to some reports I read every day, on some days bitcoin ETFs are even buying more bitcoins than are mined each day. So, if you think that the increase in bitcoin price is not due to ETFs, you are not entirely correct. Additionally, you can also look back at the history of when gold was approved for ETFs, while it's impossible to say that gold and bitcoin will be the same, it's still worth comparing when it comes to ETFs.

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March 30, 2024, 10:47:18 PM
 #48

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.

I have similar expectations but we need to understand that there has been no major correction of Bitcoin price we may see some swings but yes it will surely esd towards $80k and all it needs is a surge like we have witnessed in last few months and Bitcoin trending around $80k itself is a good sign of strong support. $100k definitely looks difficult before halving but eventually it will be breached.
you are right, the market has not experienced a high correction after the significant increase from last month, I am worried that the prediction of the market increase does not match expectations because there is potential for the market to experience a high correction before the next increase, we have to ensure market movements in a few weeks before the halving.

It is possible that the market will not reach the price of $80k before the halving based on the movement patterns in the previous halving period, but we cannot be sure of crypto market predictions because anything can happen that we don't expect.

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March 31, 2024, 04:20:54 AM
 #49

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

Many experts have predicted that bitcoins will touch 100k usd before the actual correction happens in the price. Hence there is more hope I must say. So we need to show more faith and hold till it reach 100k usd. Currently while writing this post, Bitcoins are at 73k usd and increasing. So lets hope for the best. It’s also seen that, more people are pumping it by buying the coins. So definitely bitcoins will go more up.
You need to tailor your investment strategy to your Bitcoin holdings.You should choose holdings regardless of the forecast or actual price.

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March 31, 2024, 04:32:46 AM
 #50

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

Of course I tried hard enough to hold on to the investment and still accumulate bitcoins following the DCA method.  I have bifurcated my holdings following the DCA approach with a roadmap of holding for five to ten years or until the halving in 2028. And my other halt is that I hold for every halving. So I will sell the hold in 2025 and keep another hold until 2028.

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March 31, 2024, 11:02:45 AM
 #51

I have similar expectations but we need to understand that there has been no major correction of Bitcoin price we may see some swings but yes it will surely esd towards $80k and all it needs is a surge like we have witnessed in last few months and Bitcoin trending around $80k itself is a good sign of strong support. $100k definitely looks difficult before halving but eventually it will be breached.

Bitcoin needs time to go higher than ATH but it is assumed that 80k$ will aquire in coming months. 100k$ is achievable price but about timing our thinking limits ends because everyone is deciding about their investment according to assumptions not the reality.

Bitcoin is 69k$ this time so there is a probability that it will get the cost of 80k$ very soon and if we talk about 100k$ then if Bull season remains as higher as it is then 100k$ will come till the month of December steadily.



 

 

 

 

 

 


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April 01, 2024, 09:16:00 AM
 #52

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

We haven't seen $73k since Bitcoin price broke the ATH, I can't say it will get to $75k this very moment because when it was suppose to get to that amount ($75k) the market price fell very fast to $59k, but as we're in a new week and also a new month I believe things might change for good base in how positive the market price is and this might trigger some holders to start panicking even though we're very close to that awaiting moment, The HALVING.

R


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April 01, 2024, 09:45:13 AM
 #53

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.
that is potential but we have no assurance , bitcoin will be climbing after halving like what the recent after that event though there are a lot of different actions we have this year because look how much the price of bitcoin still while halving is so near to happen, in the past seasons ? we mostly dropping in this area but like at this point? maybe we will see different approach this time around , 3 weeks to go now guys keep your funds intact and ready to react .









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April 01, 2024, 10:39:07 AM
 #54

I think Bitcoin prices will continue to rise this year until they reach at least above $80k. I am optimistic because before the Halving occurred, Bitcoin had set an ATH record, which was in the price range above $73k. Therefore, when the Halving occurs, bitcoin has the potential to reach a price above $80k, it does not even rule out the possibility that the price of bitcoin will reach $100k, which is another new ATH record.
that is potential but we have no assurance , bitcoin will be climbing after halving like what the recent after that event though there are a lot of different actions we have this year because look how much the price of bitcoin still while halving is so near to happen, in the past seasons ? we mostly dropping in this area but like at this point? maybe we will see different approach this time around , 3 weeks to go now guys keep your funds intact and ready to react .
i've seen some different pattern with this bullrun around where the recovery of price after correction is realy fast if compared to back then, thats the reason why i vehemently believe that such price point can get reached just within short amount of time no need to wait for another bullrun in the future i'm really sure that such price could be gained within this bullrun alone. even though i might come off as some kind of overly optimistic but i'm sure that $100k will happen this bullrun but not sure when, also not sure the length of the bullrun maybe this one gonna be a long lasting one we all know that the bearish back then was quite long so i'm expecting that this bullrun can at least go as long as bearish back then.

but what intrigues me though whats gonna be the bottom price of the next bearish, will it hit as low as before since back then people are so doubtful with the condition of bitcoin thinking it might get doomed but right now i think many people have realized that its a cycle certainly these people that already realized will always buy bitcoin at low so if this bullrun hits really high price, next bullrun the price of bitcoin gonna be massive.

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April 02, 2024, 05:35:10 AM
 #55

Bitcoin needs time to go higher than ATH but it is assumed that 80k$ will aquire in coming months. 100k$ is achievable price but about timing our thinking limits ends because everyone is deciding about their investment according to assumptions not the reality.

Bitcoin is 69k$ this time so there is a probability that it will get the cost of 80k$ very soon and if we talk about 100k$ then if Bull season remains as higher as it is then 100k$ will come till the month of December steadily.
After passing the ATH, bitcoin has not been able to move to penetrate $74K until now, certainly indicating that the halving period which is near may have an influence, so you have to wait after the halving. Maybe there will be two possibilities, correction or increase. Usually at the beginning there will be a correction, and then it will increase later, and the increase is of course based on assumptions and I think $100K will be generated at the end of this year.
But always maintain that if the opposite happens and cannot be achieved, of course it will follow the 4-year period which falls in 2025 with the latest ATH achievement.

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April 02, 2024, 02:26:48 PM
 #56

As I said previously, crabbing at $70k levels for prolonged period of time was never an option. We had to see a further rally and test $75k resistance region or have an awaited by many correction.
I wouldn't quite call the recent flash crash a correction quite yet though, as it could turn out to be a small bump on the way up, but we shall see some more action in the days to come.
There is/will be some selling pressure from the UK market, as the tax year ends on 5th April and there will be a reduction in the capital gains allowance from current £8,000 to £3,000 from 6th April. It shouldn't have any major impact though.

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April 02, 2024, 07:47:05 PM
 #57

are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?
actually it is people that does not know the system of investing in Bitcoin that will not hold their coin as the Bitcoin market is changing in shape, so therefore we need to understand the basics concept of Bitcoin knowing that it has two ways you can be beneficiary to it bullish season, if you have scrutinised bitcoin very well...so in normal circumstances bitcoin price now might increase in future to hundred and forty thousand, anyone that have bitcoin I will advice to hold instead of selling it's bitcoin now base on the price is increasing in the market.

it did it $73k, and I think there is no stopping as where the price will be pre-halving. Although I think the bulls intention is to break the previous all time high. But it's not out of control in a good way. And so it's possible that with this kind of bullish momentum, $75k will be achieved or even higher as we hit the halving. There were also speculation that we could see a correction just like the previous history. But this is the first time that we have seen this kind of price movement, so the previous run could not be applicable in this bull cycle as new patterns are emerging. As for what is the reason? obviously, everyone wanted to get as much Bitcoin as they can before the halving, as the demand is going to be huge in the next couple of years. And if we buy and HODL today, it could be worth something specially reaching new all time high at 6 digits.
I get that we feel like we are not entirely sure how high it could go, but getting to hype about it could also end up quite terrible if we are not careful. I have seen a lot of people lose all of their savings during the bull run and that is such a shame because the same people could have been super wealthy during the same period.

The main reason why people lose is because they take on way too much risk and they face corrections during the bull period, and this results with them having a bad return. I think it would be a lot better if we could just focus on what kind of money we could make, and also have some sort of risk management in place to make sure that we are protected when we are trying to make money.
actually nobody can predict the future of Bitcoin exactly, but this increment in Bitcoin is showing a sign that bitcoin might increase more and more if time is not taken...I know quite well that sometimes the price of bitcoin doesn't end well so I believe that the price that is not ending well might be as result of the market demand and supply but right now the market of Bitcoin get increased more and more and its best time to accumulate more of Bitcoin against future increment.

but what about the before/after halving effect that mostly making the market
dumping ? yeah we already see the before effect (in which the price really grows up
and break the ATH) but what about the after halving? I am asking this not because
I don't trust bitcoin but I am interested in hearing good things to happen this whole
year, not calling the 2025 super bullrun year.
Maybe the price effect is dumping again because the season of hype/trend/narrative that is developing is not much in demand or indeed it will enter bearish again, because we know after a long enough bullrun, bearish will arrive.

Let's just wait after the halving ... there has been a lot of speculation that the price of bitcoin will be higher, you certainly have your own figures about bitcoin's ATH so that's what we want to know later and maybe 2025 will still be in bullrun.
I believe that the price may drop and if it drops it will not take much time before it retrace, because after halving the increment might skyrocket higher and when it wants to drop, it will drop drastically,  so it's better now, whosoever that want to invest more in bitcoin should go ahead so that during a bullrun it be of more advantages of making profit..secondly don't depend on some people speculations, just believe on your own knowing that you have examine the chat well and compare it to some people speculations analysis before you can take a rightful decision.

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April 02, 2024, 09:25:22 PM
 #58

-snip-
actually it is people that does not know the system of investing in Bitcoin that will not hold their coin as the Bitcoin market is changing in shape, so therefore we need to understand the basics concept of Bitcoin knowing that it has two ways you can be beneficiary to it bullish season, if you have scrutinised bitcoin very well...so in normal circumstances bitcoin price now might increase in future to hundred and forty thousand, anyone that have bitcoin I will advice to hold instead of selling it's bitcoin now base on the price is increasing in the market.
Experienced investors have learned a lot about how the markets work so far - that means they understand how to take advantage of ongoing cycles. We are in the bullish phase where the halving is very close - so the priority now is to hold as hard as possible and accumulate as much as you can.

Weak hands will sell for fear of losing a few percent of their profits due to a price correction - but strong hands will hold and accumulate on every dip. It's up to them which one is best - we all have our own ways and can make our own decisions when it comes to investing.

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April 05, 2024, 12:42:43 AM
 #59

Since we're in a new month is it that we're going to see a new ATH, since the previous month went off with Bitcoin price dropping so fast that it seems like it will get back to $40k? I kinda feel like the delay we had last month will turn out to be in our favor, talking about holders, investors and traders as the case maybe.
In as much as we have the figures dropping very fast without going back up (last month), I feel this time we might be seeing something different, something higher than the previous ATH not $71k or $73k, let's say $80k to $85k+, who knows what the market price have for us this time around.

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April 06, 2024, 07:40:19 PM
 #60

Since we're in a new month is it that we're going to see a new ATH, since the previous month went off with Bitcoin price dropping so fast that it seems like it will get back to $40k? I kinda feel like the delay we had last month will turn out to be in our favor, talking about holders, investors and traders as the case maybe.
In as much as we have the figures dropping very fast without going back up (last month), I feel this time we might be seeing something different, something higher than the previous ATH not $71k or $73k, let's say $80k to $85k+, who knows what the market price have for us this time around.
The price of bitcoin dropped because there was news of other effects that affected it but bitcoin never returned that low to $40K even though we considered going to $40K as a base price but fortunately $60K was still high even though it was the best price to buy.

Different from the current month because the halving will fall in this month just waiting for a few more days, my opinion is that the price will not move significantly it will definitely sideways in a few months before jumping back to $ 80K obviously this is not the right prediction the same thing where BTC is approved the price does not just go up immediately.

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