Ninjastic
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Re: How many ATH will see in this week?
by
Kemarit
on 15/11/2024, 20:55:37 UTC
Quote from: 2Pizza410000BTC on Today at 07:15:20 PM
Quote from: bias on Today at 06:49:42 PM
Quote from: Gallar on November 14, 2024, 06:02:41 PM
Just a few days after you made this post, last night Bitcoin managed to make another new ATH, touching the price of $93K. This price increase really surprised me, because when Bitcoin hit its new ATH, I fell asleep. So I found out that Bitcoin touched $93K in the morning and that made me quite surprised. Because I think the price of bitcoin will experience a slight correction and will not immediately touch the price of $90K this week. However, perhaps due to certain factors, it turns out that the price of bitcoin can rise quickly. Perhaps this fairly rapid price increase seems to be a sign that bitcoin is now becoming more widespread and increasingly popular with many people in the world. Because you could say that the current price of bitcoin is likely to continue to increase, it is proven that currently the price of bitcoin is quite stable at $90K. Maybe if we look at this, this week Bitcoin could touch its new ATH again. So we'll see, whether my prediction is correct or not. And if, for example, this week Bitcoin touches its new ATH again, maybe this will be a very phenomenal thing in the investment world.

Well, it seems that the price it's a bit stabilized at the price of ~$90k, and for 2 days now we haven't had any new ATH.


So, as always, either we will experience another bull run ( I doubt it will be a rally though) or we will see a  big (?) drop. Like a 15-20% drop at ~$75-$72k, which for me is pretty unlikely now with all of this hype atmosphere around. As far as the new ATH, IMO will not have another for this week. Lips sealed
At the moment, nothing is understood about the volatility of the market. We can see Bitcoin hitting an all-time high of $93,434. After staying up to $93434, the market came back to $86k. But from $86k the market comes again to $90000 but at the moment such fluctuation of the market I can't accurately predict which direction the market will move. But what I can say is that since Bitcoin reached $93k and started pumping again without much dumping from here, Bitcoin may touch $100,000 within this week. Since the highest estimate of our prediction was $100,000, Bitcoin is most likely to reach $100,000.

Right, it's very hard to understand when everyone is in the FOMO mode, as you have describe it, I thought that we will see some major pullback after hitting a new all time high at $93,000. As I thought that the FOMO has subside because Trump had won already. And so when it goes down to $87,000, I said to myself that's it. Everyone is selling to get profits and we could be in for another retracement.

But I was proven wrong again, there are investors jumping on it right now and pushes to $90,000. So for sure those who are buying are hoping that the price will unlocked a new milestone in terms of price at $100,000 and then we see how big it will go from them. It could range from $120,000-$150,000 till next year. But I wouldn't be surprised that it will surpassed all the predictions that we made.