Anyone think we might see $60k before hitting a new ATH?

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4lph42017Full Member
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#1Sep 25, 2023, 08:47 PM
I really believe we’ll hit over $100k again in this cycle and probably establish a new all-time high. From where I stand on support and resistance, $70k seems like it could give us the boost we need to go higher if we drop back to it, and maybe even dip down to around $60k before pushing up again. I’m still in this because I see it as a flash crash situation and I tend to miss those.
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cipher_lynxSenior Member
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#2Sep 27, 2023, 03:43 PM
If I was told that Bitcoin will drop below $80k this year – I mean the first and second quarters of the year – I could have argued it strongly, but look at the chart and what happened last week. We saw Bitcoin drop down to $74k, which I was never expecting. With the kind of political play around the market, I think anything is possible. We can't for sure predict what will come up tomorrow that will drag the price down again, below what we just recently saw; a new ATH should be above $108k, and with the current price at $84k, it's just about a 26% drop from the current price, and we are down to the $60k level. I don't expect that to happen anytime soon, but then again, I won't still be surprised if we fall below that before finally going up.
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tony69Senior Member
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#3Sep 27, 2023, 04:16 PM
I can't say with all asurety but I know market can be manipulative in a way that 60k could be possible, however; the market has faced a lot decline for the past 3-4 months now and I think going dip again could be hard as it's trying to recover again. Though anything is possible because we can't be so sure of what would happen in the next minute as Bitcoin market are always unpredictable, I believe anything is possible but for now I have to keep my fingers crossed while we ride the little lift on the market and I am seeing Bitcoin touching back again 95k before this month ends.
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paulyieldSenior Member
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#4Sep 27, 2023, 08:48 PM
Flash crash already happened at $70k no? I think that was best time to buy the dip since bad sentiment caused by tariff war were also at the peak, you got a really fearful market and as warren buffet says, buy when others are fearful, it's basically textbook trading guide. I personally don't think it will go to $60k again for the time being since price already recovered so fast to $84k already. I think the chance for BTC to go back to $100k is even bigger than going down since it already squeezed liquidity and the only way is to go up, just my 2 cents though.
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qu4ntumoracleFull Member
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#5Sep 28, 2023, 02:52 AM
I do, because I believed the market would remain bearish and continue to drop. Even though we’ve recovered to $80K now, I still don’t think it’s safe as we haven’t truly returned to a bullish trend yet, as prices have stabilized at the current level. I was expecting a deeper dip since I wanted to buy Bitcoin at a lower price, but that didn’t happen. Luckily, I already bought during the $70K dip, so I’m happy with my small profit in such a short time.
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max_atlasSenior Member
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#6Sep 28, 2023, 04:48 AM
Many people will not expect a drop to $60k even before the next ATH. But that could happen anytime because we don't know for sure what will happen to Bitcoin. We can only prepare for anything that will come while if that is a down, that will be a good time to accumulate more Bitcoin. The price was already drop to $74k but that could happen once again so we don't have to panic and calm down ourselves so we can use it to buy back more Bitcoin. It is good if you are still invested because this price is at a low price. But you need to be careful because the price now get another correction. Make sure you analyze before deciding so you will know what you need to do.
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alex.shardLegendary
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#7Sep 28, 2023, 08:12 AM
I have made myself clear before that bitcoin may not fall below $75000. Bitcoin may not fall below $75000 in this bull season. That a fall below that may make people buy and the price will increase. I still think that is happening, but if bitcoin continue to drop to that price, it will become the support but I know bitcoin will not fall below $70000. I mean a price not below $69000. Do not believe what you are seeing on the news. When bitcoin was falling that time, there were several bad speculations but that is how people are.
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node_walletSenior Member
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#8Sep 28, 2023, 08:27 AM
I never expected that we can see Bitcoin price dip bellow $75k in this bull season but it happened so I can't say with confidence that it cannot dump anywhere near $60k, although the possibilities looks slim. I don't like the fact that Bitcoin price was strongly affected negatively by the Trump, tariff war, it shows that Bitcoin price can be manipulated on the short term by powerful individuals and their whale friends will take advantage of the situations. But there is nothing we can do about this, Bitcoin demand and supply depends on news to either pump or dump. My speculation now is that we will hear a couple of positive news that will skyrocket price to reach new ATH.
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wildvaultFull Member
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#9Sep 28, 2023, 01:53 PM
It is difficult to say what will happen next when the markets and the entire economy depend on the statements and policies of Trump,  an erratic and  unpredictable president. We can't even confirm whether the bull season is over and we've entered the bear season. Although, many people deny and do not believe that the bull season is not over yet and we have not entered the bear season yet , but all are just their speculations and expectations, nothing more.  I think we should prepare contingency plans instead of making predictions and being subjective with our predictions because the market is unpredictable. Bitcoin dropping below $60k  before rising again is not impossible as the trade war is only on temporary pause and not fully resolved.
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planktonSenior Member
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#10Sep 28, 2023, 02:31 PM
The last lowest low is $74k'ish if I'm not mistaken, so that is near the $60k that you have predicted. So we really don't know as everything is possible right now. With the chaos around the world, like the geo-politics and then the whole tariff war, just another negative news again might tip the price to the other side and go down hard again. However, if you wanted to invest then it's better to just do DCA instead of waiting for the price to plummet before you enter. At least if that time didn't arrived, you're still inside the market and continuing to stack sats. And so that is a win-win situation for you.
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pixel_cobraFull Member
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#11Sep 29, 2023, 01:58 AM
Maybe after the 90 day pause of tariff we will see the manipulation takes place again that price could dump below 60k. But I'm not sure if it will help going up to the next ATH again high all the investors are going to be in fear as the dump and tariff is going to make life hard for the middle class. No one invest but the institutions and governments probably. There will be chaos in the market again because it happened last week when Trump started the tariff.
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leo.wolfHero Member
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#12Sep 30, 2023, 11:00 PM
There was actually strong support at $73k when you Look at the chart in 1D or even 1W time frame, that support was what I marked out as a primary support and will only be broken if there is any crisis the market faced, luckily my prediction came to pass as the tariff actually allowed us to visit this zone. The next support was actually at that $69k which if you ask me will take another negative news to actually make use get there, but realistically with the way the market has held up that zone will be hard to be broken. For now the trade war is actually on hold for like 120 days which in my opinion will actually reduce the fear in the market and should we see the market dipping again I don’t think we are going down to the $60k OP is looking at, worst I see is actually the $69k which will also wouldn’t happen just like that, because I believe even with the tariff crisis people will start treating bitcoin just like gold
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WildChadFull Member
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#13Oct 1, 2023, 03:19 AM
Right now Bitcoin is still hovering around $84K to $85K which is where it has been lately so I am not expecting another deep drop other than just a periodic price increase before we leave this month on a high note. I am also still pretty confident that we will all see $100K again this year but I don’t know when that will be as the daily price increases are still looking heavy for Bitcoin right now. So what we should hope for in order to smooth things out is for more buyers to come into Bitcoin from this month onwards for the next few months from now.
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alex.shardLegendary
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#14Oct 1, 2023, 05:24 AM
The support I saw was still $75000. Bitcoin fall to $74500 and it increased back above $75000 immediately within minutes. The recent primary support now again is $80000. But analysts can have different but similar opinions. It is paused for 90 days.
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hodler_gweiFull Member
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#15Oct 1, 2023, 08:48 AM
Maybe OP saw or read Robert Kiyosaki's tweet prediction on Twitter circulating on the internet that after reaching 100K Bitcoin will drop to 60K and then will go back up to reach a new ATH, and his prediction does make a little sense, but in reality the price of Bitcoin did not reach 60K. And maybe 70K is the best moment to collect more Bitcoin because usually when the price touches 80K+ in a week the price drops back to 70K+ but currently the price of Bitcoin is holding at 84K-83K, and if the price looks stable in the next few days there is a possibility that the price of Bitcoin if it drops again there is a possibility that it could reach below 70K and if the movement slowly rises there is a possibility that it will return to 90K. And what is certain is that the movement of Bitcoin is not easy to predict and everyone can only speculate because anything can happen unexpectedly that is not known in advance.
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alex.shardLegendary
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#16Oct 1, 2023, 09:50 AM
I saw more than that. When bitcoin was falling and it fall below $80000, I started to see pessimistic predictions including a Bloomberg analyst that said bitcoin will fall to $10000.  For the one for $60000, I also saw this also: https://cointelegraph.com/news/how-low-can-the-bitcoin-price-go They just want to create fear but bitcoin is better did not go below $74500.
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cobr4404Full Member
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#17Oct 1, 2023, 03:41 PM
Well, anything can happen. It's only a matter of "what are the chances" of that thing to happen. As for Bitcoin going down to $60,000, I'm thinking that it will not touch anymore after the push towards the upwards that we've seen in the past few days. Of course, there's still a chance that we might see it reaching that price if Trump says something that could affect the market like tariff-related thing or whatever it is. Nevertheless, Bitcoin reaching as low as $60,000 as of this moment isn't a problem, but I see it as an opportunity for me to accumulate even more Bitcoin. It will be a different thing if it happened next year where most probably the bull run season is over. Whatever the case is, we must have a strategy just in case prices like $70,000 or even $60,000 will be reached.
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4lph42017Full Member
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#18Oct 1, 2023, 07:10 PM
Yeah I was holding out for my $60k and then gave up at the $77k mark with those funds because I'm not a fan of setting limit orders and adding to buy walls (and my own resistance). It's possible that $60k stuck in my mind after seeing that headline somewhere. I don't look at many price predictions unless people have proven themselves before. But it is based in technical analysis because it is a strong accumulation zone. I don't think we'll drop below $20-32k at the end of this bull cycle to mark the bearish one. I don't want us to be stuck at $10k again we were there for too long, same goes for $16k. I think long term bitcoin's obviously going past $1M, I'm just wondering where it'll stop along the way and where the best points for accumulation could be.
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dave1337Full Member
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#19Oct 1, 2023, 09:07 PM
Estimated price of $60,000 can still occur before Bitcoin reaches the latest ATH. I still remember the fourth Bitcoin Halving in April 2024. At that time in April the price did not rise directly. In August, the price increase and its peak occurred in December 2024 to January 2025. It is still possible the price of Bitcoin will return to the estimated price of $60,000. It can also not be touched at a price decline to $ 60,000. For me, everything can happen in terms of decline or increase. But for this time, my estimate related to the price of Bitcoin on the latest ATH can reach 3 to 5 times the price of Halving 2024.
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DarkR0ck3tFull Member
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#20Oct 1, 2023, 09:25 PM
Whether we like it or not, we can't tell what is coming next. We may think that there is a new ATH this 2025, but we can't set aside the possibility that it might not be. We'd rather not expect any more because we can't think that what happened in the past will also happen again. Of course, buying more bitcoin is a good idea. We might miss the chance of selling high but we can hold them for the next 4 years. Well, it's going to be a long wait, but it is worth it knowing that bitcoin prices keep increasing every bull season.
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