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Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« Last post by de_prof on Today at 10:00:30 AM »If anyone predicts Bitcoin will fall to $40K, keep holding Bitcoin and wait. because I believe this is not the end of bitcoin after touching ATH before the halving. Bitcoin prices will rise again later this year. I still believe bitcoin will touch more than $80KCurrently there is a correction and we see that almost all coins have experienced a decline in price.The correction is caused by the drop in Bitcoin price. If we analyzed, the correction of Bitcoin is very drastically. It dropped from $70k to $56k (current price). People stated that the drop will continue for the next few months and Bitcoin price is predicted to drop to $40k. This condition surely makes people be panic. I even feel a bit panic as well. However, I think the price may increase again in the end of this year and in the early of 2025.
If you look at the graph from the beginning of the year until now, the Bitcoin price has indeed strengthened, but the current correction has also made many people panic and ask whether the bearish season has begun.