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Author Topic: Bitcoin price surge on horizon as OTC desks dry up  (Read 653 times)

Offline Baofeng

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Re: Bitcoin price surge on horizon as OTC desks dry up
« Reply #15 on: March 22, 2024, 10:58:46 PM »
I agree, because many of these "experts" are actually trying to bring a little panic to the market in order to cause a correction for their own or someone else's interest - and for all those who are buying tens of thousands of BTC today, this means huge savings. The demand driven by ETFs is really incredible and if they continue at the same pace in some 2-3 months they could even have about 1 million BTC - of course assuming that there are no significant outflows, which is currently not the case.

That's for sure, when we see 'predictions' from these big players we have to think if there is no hidden interest behind them.  I am glad I was right at least for the moment with mine, as the price is currently at 72.000$, now we can talk about a break of the ath. I would expect the price to go up, with some dips, obviously, to around $100,000, where I think the price will stay for a while. The only doubt I also have is if in this rise some dip could pierce the $70,000 level downwards, and then go up again.

Exactly that what happens, market goes as high as $73k, new all time high. But after that, profit taking, (who would blame them?), and so with that we went into another correction in the last 2 weeks already, pushing the price to $62k.

Nevertheless, as you have said, this dip could be a blessing in disguise for some as they can get into the market again. We have been hearing they wanted a correction and so this is it, buy $62k and wait for the price to bounce back again to make profits.

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Re: Bitcoin price surge on horizon as OTC desks dry up
« Reply #15 on: March 22, 2024, 10:58:46 PM »

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