Bitcoin just hit a new ATH last week, followed by another this week. Do you all think October is gonna be full of new ATHs? Is next week gonna see another jump, or is a correction on the way? How's everyone feeling about these wild times in crypto?
Are Weekly ATHs Realistic?
19 replies 401 views
If we keep discovering higher prices, we might set a bunch of new ATHs. But honestly, I can't see us hitting a new ATH every week. That just seems too much, ya know? Enjoy the ride, but it's probably not gonna last forever.
stake_2017Newbie
Posts: 182 · Reputation: 12
#3Feb 5, 2017, 09:10 PM
Totally agree! Historically, the next few months are usually great for Bitcoin, and with the halving happening sooner this time, we might see those record highs every week. Just gotta hold on tight. Lots of hype right now. When the music stops... well, that's another story.
chris.novaMember
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#4Feb 5, 2017, 10:32 PM
This should not even be a question. The OP might be new to the game. Over the last three months, November’s looking like a month of highs with maybe one week of consolidation. Just look at the trends. Bears could start appearing a couple weeks before the year ends.
pix3l_h4shNewbie
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#5Feb 6, 2017, 02:43 AM
We’re definitely in a bull phase, and October should be solid leading into November and December. I even see a $130k Bitcoin coming by next week. Just wait and see!
Don’t forget about the strong fundamentals at play with the shaky global economy. History doesn’t always repeat itself perfectly, so who knows what’s gonna happen.
Right now, just take action! Sure, we could see new ATHs weekly, but a correction might show up without warning. Maybe that's the start of a bear market? This month could be wild for Bitcoin.
bit_sat05hiNewbie
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#8Feb 6, 2017, 11:16 AM
Just because we’ve hit ATHs two weeks straight doesn’t mean it’s a lock for the rest of the month. If there’s no solid backing for those prices, we’re just speculating here. Sure, it’d be great to see new highs, but it’s not guaranteed. Stack up on Bitcoin for the long run!
Nah, every week isn’t realistic. However, we might push past $126k soon enough.
When the market hits a new ATH, some long-term holders might cash in and start buying back after a dip. New investors might get spooked thinking prices are too high. Those who understand the game will keep buying in.
The truth is, we can’t be certain. A correction could come soon, but maybe not till next year. Just enjoying the positive vibes as the weeks go by, but patience is key. Lock in some profit!
BasedOmegaNewbie
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#12Feb 11, 2017, 01:40 AM
I’m feeling really bullish about October. We might break multiple ATHs in a week! Starting October strong, I think Bitcoin’s on its way to $130k.
AtomicRavenNewbie
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#13Feb 11, 2017, 05:47 AM
Honestly, I could care less about ATHs. I just wanna keep stacking BTC. October usually brings some good vibes, but I thought it would be a stagnant market. Bitcoin’s full of surprises. Expect a correction soon though.
So far, October’s living up to the hype, and I’d love to see weekly ATHs. But we have to remember, Bitcoin is super volatile. We can speculate, but we can’t control the market. Just enjoy the highs while they last.
It all depends on market conditions. Could keep going up or not. I personally doubt we’ll see new highs every week because we’re just getting started this month.
alexrocketNewbie
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#16Feb 12, 2017, 05:25 PM
Actually, we’ve seen Bitcoin hit new ATHs many times before. Typically, after those highs, we see slight retracements and sideways movement before another rise. Could we see that again? Maybe!
I’m seeing all this as speculation. Bitcoin might just stay steady or not break new ATHs. It’s nice seeing a positive trend, but I wouldn't put money on where it’ll end up.
kevin_atlasFull Member
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#18Feb 13, 2017, 12:37 PM
Every week? Doubt it. Without corrections and tests of resistance, that’s risky. We want a solid rise after proper checks, not just a shaky ascent.
Honestly, I’m just waiting for more stability before we see a clear rise. I want it to fluctuate steadily instead of just bouncing back and forth.
Sometimes, the market goes all in on speculation. Some random projects are gaining traction due to Bitcoin’s ATHs, but that greed might lead to their crash. Bitcoin will hit new highs again, with short corrections, but the bullish trend seems to be holding this year.