Quote from: GreatArkansas on Today at 06:08:46 AM

Quote from: Charles-Tim on Today at 03:42:51 AM

Quote from: JamesDaniel90 on August 13, 2024, 11:17:27 AM

As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?

On almost all the exchanges that I am checking it, the all-time high was almost $74000. The all-time high is around $73800 on all the exchanges that I used to check it.

We do not know what the price of bitcoin would be, but I think it is good to always accumulate more at $50000.

This makes sense because as you can see how many times Bitcoin dropped below $60,000 at the beginning of this month and last month, it just kept bouncing above $60,000.
My conclusion is Bitcoin is building strong significant support in the $50,000 - $60,000 area which for me, will still stay for longer.
The only good news here is we are safe, either you are a bull or bear.

Right, we have a lot of support lines along the way, and even if it fall to $50,000, we have a good bounce and right now it seems that we are in run as the price might hit $61,000. But for the rest of 2024, I think it will still be bullish, remember that after that, it might take at least 6 months for the market to see some semblance of a bull run.

And if that happens, then the last quarter of the year might be a big gauge that indeed a bull run is imminent. So we might see a new all time high at the end of the year and we could be around $80,000, I reckon.