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Cryptocurrency Price Speculations / Re: BTC Prediction - $100k or Below $20k?
« on: May 29, 2024, 11:57:00 PM »The market position is unlikely to go much deeper at the moment. Moreover, we are in a bullish trend. Soon we will see another Bitcoin rally. Although we cannot give 100% assurance about this, the overall situation of the market indicates so. Bitcoin is in a reliable position while we are aware of the Ether ETF approval. This sign will definitely help the market to be more bullish. Bitcoin will get dip but we should not expect a dip which is impossible. Expecting Bitcoin price below 20k is nothing but foolish.It can go deeper, means there is a possibility of a decrease in price.
But to drop to $20k, it is surely something impossible. No way that the Bitcoin to drop again to $20k.
Bitcoin already increased to $71k in the last few days. But it drops again like usual, the price should have a correction before the next jump. I think it is normal, we don't need to think about it too much. Sure, after the news of Ethereum ETF approved, Bitcoin price increases again. With the good news, $100k looks possible to be achieved.