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Bitcoin Hits New ATH at $66.9K Before Correcting — Don’t Panic, That’s Great. Sideways consolidation is a good thing before restarting the rise towards $100K.

Bitcoin Hits New ATH at $66.9K Before Correcting — Don’t Panic, That’s Great. Sideways consolidation is a good thing before restarting the rise towards $100K.



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24 Comments

  1. Nothing is linear with the price of Bitcoin.

    A new ATH was reached during the week, and it is logical that the market will correct afterward to cool down.

    A sideways consolidation will take place before the advance towards $100K resumes.

    For those who are panicking, just remember where we were on October 1st: the price of Bitcoin was then $43K. A +55% increase has taken place in 20 days.

    The best thing to do is to stay calm and wait patiently for the phenomenal things this market has in store for us in the coming weeks.

    Patience always makes a difference with Bitcoin.

  2. tldr; Bitcoin hit its All-Time High (ATH) of $66.9K on Wednesday, October 20, 2021. This represents a +55% increase in the price of Bitcoin in just 20 days. The launch of the first Bitcoin ETF, based on futures contracts, obviously played a big role in achieving this new ATH. However, such bullish surges often give way to corrections.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. I wanted crab movement and I got it, it’s delusional to think it will keep going up without a correction. It’s crabbing at a high price, and most of us should be in profit so we should all be content with this consolidation

  4. I am just cursing myself over not selling at 66k, because I listened to a stupid friend who was shouting “Hodl!” right when my hunch was telling me that a correction is just around the corner…

  5. Hasn’t Bitcoin been created once before? It’s called housing. It’s not fiat, set amount of land, increased demand set supply. You can live in a house, you can’t live in Bitcoin. You crazy kids with your Bitcoin BS!

What do you think?

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