BTC staying above $67,000, will it reach all time high?

[thecodebear]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price



If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Read full analysis......
https://www.cryptocrit.xyz/2024/05/Crypto-analysis-BTC.html

So basically Bitcoin could go up or down. Great analysis haha

[Solosanz]

So basically Bitcoin could go up or down. Great analysis haha

Those self pro called professional traders or economist always been like this, they said when the price crossed x, it will pump to y and when the price down to x, y will be the bottom. Anyone, without need to have a degree or approved by a lot people, can predict like that.

Only few people dare to say the exact price like bottom of Bitcoin price will happen on 5 June 2024 or $25K is the bottom, as we know those speculations mostly missed.

[Kelward]

Didn't click on the links. It's a no-brainer to know that Bitcoin could proceed in any direction any second of the day. For me, however, it seems the general sentiment of the market remains to be one characterized with optimism. It remains more or less bullish. It's just that there are not-so-good days even amidst a good season. I guess this is it, a temporary break in a bullish season that would push the price to $100,000.

The comments so far on this thread doesn't encourage me to click the links either, I however agree with you that we're in a temporary break, on the road to a bullish season, and that is what it is. From research after halving comes a dip that will fluctuates price for sometime before it'll be a smooth sail to bull run and ultimately a new ATH. I'm optimistic about seeing Bitcoin price at $100k in this year, that is why I recently joined the 100 pushups thread, because I know that the exercise will yield results. Any experienced Bitcoin holder will not worry or panic about the price juggling between $57k and $69k, it's a temporary measure, no matter how long it stays like this.

[bitLeap]

If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Good effort but I don't need to click on the link, but in the future you have to learn a lot and develop how to create a neater blog, have a writing structure according to the rules, etc. The point is that without just clicking on the link, we can get the points clearly.

Keep in mind this year we are still in a bullish trend, no matter if it drops below $60K, it is still bullish for those of us who filled the basket 2-3 years ago. So so far there is no panic, market sentiment is increasingly optimistic, adoption is becoming more widespread and what are you waiting for? In fact, Super Megacycle may occur later this year and next year.

[Ruttoshi]

Most investors are hoping that bitcoin price will hit 200k and above in the bull run when bitcoin price hits its peak. Why I am saying this is that 73k was the highest price we saw this circle and it is just the price to start the bull run.

I don't need anyone to tell me that because I saw the price when it was at 73k. Stay in the forum and learn and stop listening or following any influencers because they are after money. We all know that bitcoin price movement is always up and down, so anyone that says bitcoin price will move up but it is likely to move down, have said nothing. This is because it is a norm and every bitcoin enthusiast knows this. What no one knows is when and how.

[masyari]

It will rich new ATH in this year but i suppose that real bull run will start after end of the summer

[pawanjain]

snip

If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Bitcoin is having a good support currently and is in a consolidation zone.
Only if it breaks through $70k strongly then we can hope for a new ATH.
We cannot accurately predict that because it may or may not break the $70k level.
It might fall from here if the resistance is strong which I think it is.
Be ready with your fiat to buy more BTC though.

[Zlantann]

Most investors are hoping that bitcoin price will hit 200k and above in the bull run when bitcoin price hits its peak. Why I am saying this is that 73k was the highest price we saw this circle and it is just the price to start the bull run.

People keep asking questions that don't have exact answers. Nobody can predict the direction of the price the next day. I am sure nobody predicted that Bitcoin would get to a new ATH before the halving. With the massive investment from institutional investors and the unpredictable regulatory policies of the US, Bitcoin price has become difficult to predict. Anyway, my prediction is that the price will drop due to correction and it will go to at least $100k before the end of the bull run. 

I don't need anyone to tell me that because I saw the price when it was at 73k. Stay in the forum and learn and stop listening or following any influencers because they are after money. We all know that bitcoin price movement is always up and down, so anyone that says bitcoin price will move up but it is likely to move down, have said nothing. This is because it is a norm and every bitcoin enthusiast knows this. What no one knows is when and how.

Most of all this information is not backed by any research or in-depth. Persons who claim to be crypto specialists will just come up with all forms of predictions. I have stopped reading all this information from these FUDstars. The forum is also my main source of information. 

[ShowOff]

snip

If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Bitcoin is having a good support currently and is in a consolidation zone.
Only if it breaks through $70k strongly then we can hope for a new ATH.
We cannot accurately predict that because it may or may not break the $70k level.
It might fall from here if the resistance is strong which I think it is.
Be ready with your fiat to buy more BTC though.

In fact, $70k has been very strong resistance from April 12 until now. I saw several rejections to hit $68k including on April 22nd, May 12th and also today on the daily time frame. Bitcoin's highest price since the big drop on April 12 was $67,700, it was hit today before eventually correcting to $65,857. The price of bitcoin is trading at $66,136 at the time of my writing on the Binance exchange, but it may still recover before today's market close.

It would take higher demand to expect a new ATH to be hit in May or the following month, but we still have hope to expect a price recovery before this month is out. If $70k is hit in the near future, then a new ATH is very likely to be expected.

[fuguebtc]

Most investors are hoping that bitcoin price will hit 200k and above in the bull run when bitcoin price hits its peak. Why I am saying this is that 73k was the highest price we saw this circle and it is just the price to start the bull run.

I don't see too many people being optimistic about the $200k target that bitcoin can reach this bull season , what I see is people only making rather modest predictions of $100k.
I am also very optimistic and believe that this will be a super bullish cycle because we have many big catalysts in this year's bullish season such as the US election , interest rates , and inflation all have positive improvements , ETFs...but I think the goal of 200k$ is not an easy goal to achieve . Personally, I still believe that bitcoin hitting the 150k-180k level is much more feasible .

[GigaBit]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price

We have seen Bitcoin all time high price after a long time but since then the market has slowed down a bit and there is a possibility of correction. In the meantime, Bitcoin price had dropped from the all-time high of 73k to 57k but it has come back to a stable level. At any time from the current condition of the market, the market can reach a new all-time high again. Risks in investing in Bitcoin There is no doubt that the market can go down under any circumstances. Because the market depends on various factors. However, the overall situation is still in Bitcoin's favor, so we will be able to see Bitcoin's bullish sentiment.

[Out of mind]

The Bitcoin market as we have seen was very low last year, but currently it has risen much higher and has touched all-time highs. And in the current position Bitcoin is in, it can go up and down, it's hard to say when the market will bottom out.  However, the Bitcoin market has rebounded from $67,000 today to $68,000. But we can expect the Bitcoin market to go higher in the coming days and the market will be at the highest ATH. And we all more or less know that in the coming days the Bitcoin market will occupy a better position and the market will be much more excited. However, holding on to Bitcoins is our best bet at this time, as the bull season is about to begin in the Bitcoin market in the coming days.

[EarnOnVictor]

What I see here is that there is a usual pattern that Bitcoin likes to follow and if it could follow it through this time, it might be a serious bullish trend for the coin. However, we should not be so happy yet, not until it actually breaches the ATH at about $73,850 and convincingly holds above it before we can be so convinced and encouraged by the bullishness of the market. Now, the levels I have seen that are so important that are now making me feel that Bitcoin could be heading upward are the 1W chart MagicTrend indicator support level of $56,820 that provided support for the coin during its last bearish correction. Holding above that level means a bullish trend for Bitcoin, especially if the coin also has a positive price action above it just as we are currently seeing on the chart.

This view is coupled with the 1W Fibo level of 23.6% at $59,940, which was the level breached higher after the market rebounded from $56,820 in recent times. Continuous holding above it is another good credence that Bitcoin is on for the bullish path which will be heading for the current ATH about $73,850). Going lower a bid, on the 1D chart, the Fibonacci tool is also pointing to a determined bullish trend as well with the overall price action bullish as I write now. If Bitcoin maintains this view, then it is on for the good on the bullish side, even as the market has convincingly breached upward the 38.2% Fibo level at $60,267 and 23.6% Fibo level at $65,488 which was broken higher last week.

For these, I expect more bullish impacts on Bitcoin this week.

[Odohu]

The recent energy of the market is showing that a new ATH will be created soon. Bitcoin tested $70k today which represent 8% increase in 24hrs. Just that it is impossible to know when it will happen because Bitcoin might decide to retrace from this point for weeks before continuing the upward movement. This is the reason I do not worry so much about when the price will get to a certain point rather I try to take advantage of every buying opportunity the market offers.

So basically Bitcoin could go up or down. Great analysis haha

Those self pro called professional traders or economist always been like this, they said when the price crossed x, it will pump to y and when the price down to x, y will be the bottom. Anyone, without need to have a degree or approved by a lot people, can predict like that.

Ever since I stopped listening to those analysts, my peace of mind greatly improved. All they spread is fear and uncertainties which is not good for any investor that want to hodl. Most of them are day traders or short term investors, that is why they worry about the top and bottom because they want to buy low and sell high.

[Popkon6]

If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.

Read full analysis......
https://www.cryptocrit.xyz/2024/05/Crypto-analysis-BTC.html

The price of Bitcoin is volatile because it is normal for the price of Bitcoin to change at any time. Currently, the price of Bitcoin is above $67,000 and it can touch the highest level at any time by surpassing the previous price. Because if you hold on to the price of bitcoin now it will be worth it and the price will be much more likely to go down from the current time, it is very likely to peak at one hundred thousand dollars plus when the bull run starts next year.

[pinggoki]

Those self pro called professional traders or economist always been like this, they said when the price crossed x, it will pump to y and when the price down to x, y will be the bottom. Anyone, without need to have a degree or approved by a lot people, can predict like that.

Only few people dare to say the exact price like bottom of Bitcoin price will happen on 5 June 2024 or $25K is the bottom, as we know those speculations mostly missed.

Maybe the self-proclaimed says that but if you really go with the real traders, they'd probably say something a little bit different and much more in-depth than most people expect it to be unlike this one which just basically means as you think it means, no factors or scenarios discussed that would create or contribute to the growth of the market, it's basically a watered down "bitcoin goes up and down sometimes" like what @thecodebear says. To be fair with these self-proclaimed traders and economists that you're talking about, it's really hard to predict a precise price at a specific date, that's why everything is all speculation even if they're saying that they're going to predict something.

[mich]

Well I do think the new all time high will come in this month. There is alot of money going into the spot buying and spot ETF buying.

We are getting big gains right now Bitcoin us up 6% in the last 1 day. And it is up now 14% in just the week.

https://cointelegraph.com/news/bitcoin-price-hits-70k-as-spot-and-btc-etf-buying-surges

[Falconer]

Well I do think the new all time high will come in this month. There is alot of money going into the spot buying and spot ETF buying.

We are getting big gains right now Bitcoin us up 6% in the last 1 day. And it is up now 14% in just the week.

https://cointelegraph.com/news/bitcoin-price-hits-70k-as-spot-and-btc-etf-buying-surges

I have confidence about a new ATH this month especially after within a day we saw bitcoin price break through its strong resistance at $70k. I'm sure a new ATH will be formed especially if $70k holds for some time, but the market just needs a little more push as the current price with the new ATH is just under $3k.

Regardless of when the new ATH will be formed, I think holders just need to be patient and wait for it. There is still a lot of time in May to see market changes and dynamics, so it is possible for us to hope for a new ATH to become a reality or perhaps the price will fall and test new support again. I'm bullish on the remainder of May, but don't discount other possibilities such as a correction or decline.

[Yamifoud]

Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price

It is just a sort of market assumption, we can just say figure (16%) if we already know it will happen but we don't. I know there are some REAL experts living but they are silent when it regards market movement because they know that they will just fail.

Dump always happens, a swing market movement is really what we experience but it is accepted due to the market nature. Whether ATH happens or not, I was already satisfied enough from the current price, it is indeed a good selling price already for the holders.

[Dr.Osh]

Well I do think the new all time high will come in this month. There is alot of money going into the spot buying and spot ETF buying.

We are getting big gains right now Bitcoin us up 6% in the last 1 day. And it is up now 14% in just the week.

https://cointelegraph.com/news/bitcoin-price-hits-70k-as-spot-and-btc-etf-buying-surges

Well, I thought so too. although this month doesn't have many days left, currently the price of bitcoin has reached $71k and it is close to its ATH price. If the price of bitcoin continues to rise positively, maybe this month or next month, we could see a new ATH, in fact, the potential to reach ATH is getting bigger, and maybe we can also see it this year.