Bitcoin breaks 2021 ATH and hits $71k!

[Majestic-milf]

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

[Ayers]

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

For me it's just not greed alone, although that can play a major part in the decision making, but let's also add that these people who end up missing out on the time to take in their profits are those who do not set a target. When you have a target price to meet, and you abide by it, it helps to curb the greedy. I'm sure those who were of the mind that Bitcoin price will keep going up after crossing the 2021 ATH threshold will be sorely disappointed to note it's price has dipped to $67,631.59 as at time of writing.

Even those who have set goals have no guarantee that they won't increase them as they see bitcoin grow faster and stronger. Greed is what will kill us, and controlling it is not as easy as we say.

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area  .

[justdimin]

The supply of bitcoin circulating in the market is decreasing, but not because of the halving event but because ETFs are buying bitcoin in large quantities every day. There are even some reports that they are buying bitcoins in larger amounts than are mined each day. The majority of Bitcoin is in the hands of large funds, so I don't think this is a good sign for bitcoin price growth in the long term.

Bitcoin prices have increased in recent days due to the approval of ETFs and the huge demand for bitcoin from ETFs, not the impact of the halving. At first glance, this looks good for bitcoin as demand for it increases, but funds are trying to buy all the bitcoin which is no longer a good sign. Everyone is excited about bitcoin breaking its ATH but I find it unusual and somewhat worried about.

I would say that ETF "approval" is not really real, I mean there are still discussions going on, but until billions from the investors in those companies start to pour into it, there is really nothing that is accepted just yet. I hope that people could see that, and they could make some money from it, because there will be even higher increases.

We should consider how that could benefit everyone, and how we could make that profit soon. I know it will take some time, but it should be pretty simple. The logic is that billions will go into that ETF business, and that will increase the price of bitcoin, and that will make us profit. This hasn't started yet, the news did, but the actual thing did not, so we should be careful.

[Majestic-milf]

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area  .

You're right. It's easier to be optimistic when things are going well than when they are not amd now that's it's price is shaky , people will panic sell and for me, this occurrence looks like it will be temporary and we'd be seeing interesting figures soon.  Maybe it's trying to take a slow pace, so it can correspond with the halving season.

[Dunamisx]

Today is a day that makes many people feel scared. What I see is not only people are disappointed but people are starting to panic and think that bitcoin will continue to drop more in the coming days. Crowd psychology is very interesting, when bitcoin rises in price, people chant and expect bitcoin to continue to rise higher and break $100k this year. But bitcoin only corrected a little, most started negative and assumed that bitcoin would soon drop to the $50-40k area  .

You're right. It's easier to be optimistic when things are going well than when they are not amd now that's it's price is shaky , people will panic sell and for me, this occurrence looks like it will be temporary and we'd be seeing interesting figures soon.  Maybe it's trying to take a slow pace, so it can correspond with the halving season.

We cannot conclude yet on what is going to happen next, but the market current has been pumping and on the same way dumping, but we must never forget that we are still on the bullrun, we may not for more further from these we are into, but the more we are getting closer to halving we may continue in the bullrun and we can maintain all time highs, we must just be careful to continue with holding and never release because we are more likely not to experience more dips than bull from now henceforth.

[yudi09]

Over $73k current high after market rally. The 2021 ATH price has missed and has temporarily reached a new ATH, which is a sign that the widely predicted ATH price prediction will occur which will become new history so that people feel the need to involve themselves with Bitcoin.

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

There is a close connection between high demand and the cause of rising market prices. It is impossible that there is no reason for the high demand for every price increase.

[Dave1]

Over $73k current high after market rally. The 2021 ATH price has missed and has temporarily reached a new ATH, which is a sign that the widely predicted ATH price prediction will occur which will become new history so that people feel the need to involve themselves with Bitcoin.

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

There is a close connection between high demand and the cause of rising market prices. It is impossible that there is no reason for the high demand for every price increase.

Of course, there's always that connection to the basic economic law of supply and demand. Investors, whether big or small wanted to get their hands on Bitcoin because we are closing in in the halving. And it only means that Bitcoin's supply is going to be limited, hence it will drive the price up after that activity.

And speaking of the price, as hitting $73k pre-halving, we might have to settle to $67k, but there are plenty of days before the end of the month. So we can't say if we will not yet again established a new all time high at $73 and above. Let's wait for the bulls again.

[Majestic-milf]

 
We cannot conclude yet on what is going to happen next, but the market current has been pumping and on the same way dumping, but we must never forget that we are still on the bullrun, we may not for more further from these we are into, but the more we are getting closer to halving we may continue in the bullrun and we can maintain all time highs, we must just be careful to continue with holding and never release because we are more likely not to experience more dips than bull from now henceforth.

You know it takes a very strong and determined holder to hold despite prices not being encouraging and just like @Ayers pointed out, it will make people panic and sell which is the thing most big investors are waiting to take advantage of.
So far, Bitcoin has been on a rollercoaster ride and this can discourage the new investor who may have been expecting an upward surge, especially as we are closing on the halving season but nevertheless, I still feel this is going to pass and we'd begin seeing positive changes in Bitcoin price.

[KingsDen]

People who have been diligently DCAing bitcoin for years are starting to profit, and what I see is that everyone wants to sell bitcoin when it hits $100k. But with the current situation, there are definitely a lot of people who are becoming more greedy and raising their goals higher. So what I fear is that many people will miss the opportunity to sell and even lose money. I hope people don't get caught up in the greedy vortex that the market is creating and wants us to get caught up in. We must always set goals and sell when we achieve them, don't be greedy otherwise we will have to pay a high price.

Many people will miss great opportunities. The industry is not an easy one. It is possible that we might not see 73k again. Very possible indeed and it is also possible that we can see 100k and even 150k. I just believe in your analogy and that is the great way to follow. Just set a goal, once the goal is accomplished, just go withdraw and go your way.

Those who started DCAing from the region of 20 and 30k and are consistent about it till now should be in good profits and taking profits at a new ATH would have been a great deal.

[yudi09]

-snip-

And speaking of the price, as hitting $73k pre-halving, we might have to settle to $67k, but there are plenty of days before the end of the month. So we can't say if we will not yet again established a new all time high at $73 and above. Let's wait for the bulls again.

$67k while the decline is underway and the price of $67k is not a price that will last because $60k still has the potential to be reached and we must be ready to accept it.
Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.

Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.

[YOSHIE]

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH!

The important thing is not to panic. Bitcoin is currently on its way to the point where it is awaited and dreamed of by many crypto users, including everyone talking about the ATH/halving for Bitcoin in 2024, which may happen at a time that has been speculated and predicted by many Bitcoin experts.

There are indeed a million speculations out there/on the internet that say the new ATH this time will close at $70, $80, $100 and up to $150, but process after process has happened now as you can see, $71k has occurred, meaning a new ATH has been printed from the comparison of 2021 that has passed, to be honest, personally, the ATH for Bitcoin this time closed at the $75-$80k level, This is based on my personal speculation, of course they have their own opinions, essentially their own beliefs are the most appropriate for Bitcoin ATH 2024.

[BABY SHOES]

Those who started DCAing from the region of 20 and 30k and are consistent about it till now should be in good profits and taking profits at a new ATH would have been a great deal.

That gain is more than 150% if they started from the $20K area imagine if that accumulation continues even though the ATH record has been broken isn't it still very possible to get to $150K?

Honestly who wouldn't be tempted by a 150% profit they might withdraw some of it and wait for some more, but if they can survive the whole thing it is still possible because the $100K opinion that many predicted is still very possible.

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

[Kemarit]

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ has been slashed after reaching $73,000.

However, the most important catalyst for a bull run in 2024-25 is not yet happening, - the halving.

So there is this speculation that we will have a big rally, culminating on reaching 6 digits, again it will be a first so this is huge for us and it just shows that Bitcoin as this time is too big to fall.

[pawel7777]

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

Nothing is sure anymore. While the halving will surely have some positive impact on the price, its effect will be more psychological rather than purely resulting from block reward reduction.
We've already departed from the expected, cyclical action, and we might as well not see any new ATH for a long time, or see the positive effects of spot ETFs and halving overlapping, creating super-pump.
I'm wondering who is the typical buyer of all those spot ETFs. Is it institutional investors or mostly retail, and are they even aware of Bitcoin's 4 year cycles and they're patiently waiting till after the halving, or are they already sitting with their fingers on the trigger?

[BABY SHOES]

What's happening now: ATH already happened before the halving, then after the halving it will rally? We are sure of that.

First time that we have seen reaching new All time high pre-halving, is it a bad sign? I don't think so, and we all know what's the reason is, Bitcoin Spot ETF and then those who doesn't missed it, in short FOMO. We have now undergoing a majority correction, at least -1000$ has been slashed after reaching $73,000.

However, the most important catalyst for a bull run in 2024-25 is not yet happening, - the halving.

So there is this speculation that we will have a big rally, culminating on reaching 6 digits, again it will be a first so this is huge for us and it just shows that Bitcoin as this time is too big to fall.

This is not a bad sign but a new milestone in bitcoin history as ATH was before the halving.
Of course behind all of that there are factors including the bitcoin Spot ETF this is a pretty big reference where we can conclude the bitcoin movement is heading there more precisely institutions are getting involved in buying bitcoin Spot ETFs.

Fomo - bad news - the negative will always be there but how can we overcome it.

The big rally has not yet started, this is the initial journey that we have to take now bitcoin may experience a slight correction that is natural and many people have predicted that before the halving will go down, but after that we must be optimistic that it is likely that at the end of 2024 a big rally will begin.

[puloweh555]

$67k while the decline is underway and the price of $67k is not a price that will last because $60k still has the potential to be reached and we must be ready to accept it.
Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.

Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.

In fact, currently Bitcoin has decreased to a price of $63k, of course for us this is a positive decline before the Bitcoin halving occurs. Bitcoin after passing the old ATH and forming a new ATH before the halving occurred. Of course, this will have a positive impact on the market if we see the remaining positive, which means we still have time to buy at a cheaper price before Bitcoin experiences another rise after the halving. I have the good faith that this cyclical pattern will happen again, although not the same, but Bitcoin will pass the highest price of the year.

I have studied bitcoin from many people and I have come to the conclusion that the truth of bitcoin will go through 3 phases, first it is laughed at, second it is opposed by many people, and third it is accepted as proof that it is the best as a truth, that is Bitcoin. Make this bitcoin halving moment a truth that will create financial freedom in the future.

[adaseb]

Yes the flows are starting to get stale. Blackrock had days where it added almost $1B and lately the flows are low. So low that each day this week we had negative outflows.

Hate to say it but $74K might of been the top this cycle. Unless we chop around until the halving and start to break the new ATH sometime this Summer.

The last weeks candle close was awful. And that’s why the sell off started.

[boty]

And speaking of the price, as hitting $73k pre-halving, we might have to settle to $67k, but there are plenty of days before the end of the month. So we can't say if we will not yet again established a new all time high at $73 and above. Let's wait for the bulls again.

$67k while the decline is underway and the price of $67k is not a price that will last because $60k still has the potential to be reached and we must be ready to accept it.
Times like this are a test for holders and an opportunity for those who want to hope for more when the market is bullish again.

Welcome this dip to give the market a breather after its upswing.
For new Bitcoiners, they might be a little emotional. Those of us who are used to this situation can feel calm.

Yes, of course times like this will be a test for those who are new to Bitcoin because there has been a price correction in recent days and if they are strong in facing this situation of course they will choose to keep holding to wait for another increase, but for some people Those who have experience in this field certainly see that the current market situation is very profitable for those who have funds that we don't use for other purposes to be able to collect them so we can make a profit when the market returns to bullish.

[Majestic-milf]

 When prices act up like this, it becomes sensible when they say Bitcoin is a highly volatile coin and I'm quite impressed it didn't get past the $60k range, hovering around that amount and giving the average investor hope that it could rise back to the $70k+ range we saw it last. Like someone said, probably we are experiencing this rise and fall so we can at least get used to it trailing around the $62-64k range . Maybe even the big whales are resting their sails and hoping for it to dip further so they can take advantage.We won't be seeing this dismal numbers for long since we'd soon be entering the halving season, it's just to exercise a little bit of patience.

[aylabadia05]

Well, just as the title reads, it seems we'll be in for more exciting developments regarding the price of Bitcoin. Just this morning when I checked it's price, I saw $68,468 and now it's just shot up to $71,680.57! A new ATH! Well I'm sure this is just the beginning of more interesting things but I hope this trend continues.

I was also surprised when the price rose past $69k and when that price happened, I think most people were also surprised because the spike occurred before the halving or was different from the speculation made.
As the few days of increases approached, I assumed that this was the start of a bull market, but I thought that the high would reach $80k, but it didn't. The market fell again after touching $73k.
The price decline again like now could be the best moment to welcome the halving and I predict the next price spike will break past $100k.

Is it the bull run that caused it's price to shoot up or is there a big whale buying?

Here I judge more according to the law of rising and falling market prices. High buying demand causes prices to rise.