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Author Topic: huh that 71k came out of nowhere. did anyone of you guys sold?  (Read 1769 times)

Offline Gladitorcomeback

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Re: huh that 71k came out of nowhere. did anyone of you guys sold?
« Reply #60 on: April 02, 2024, 07:09:52 PM »
       -    I've been noticing for a few days that the price value of Bitcoin is playing at 69k$-70k$, and it seems very difficult to break the 71k$. We all think we don't know the real reason why. But even so, anytime soon, it can be broken.

That's the resistance level at the moment, and it will surely be difficult to it break out of that. I believe we might need to wait until the halving event to see that happen, and the market might have a small correction before that happens, so we should be ready for that.


Now, if bitcoin happens to pump 10k$ every day, I don't think it's possible, in my opinion. Then it seems like I've never seen anything like that. Every day, Bitcoin's value price increased by 10k$ each day.

$10k every day is $300k in a month, that is unrealistic to think about. If bull run starts and Bitcoin increases even $2k per day, we will see a huge all-time high by the end of the bull run because the market generally stays positive for a couple of years at least before it starts moving down again.
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Re: huh that 71k came out of nowhere. did anyone of you guys sold?
« Reply #60 on: April 02, 2024, 07:09:52 PM »

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Offline Sunderland

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Re: huh that 71k came out of nowhere. did anyone of you guys sold?
« Reply #61 on: April 02, 2024, 07:45:54 PM »
By far, it dropped at 66k. I feel like 71k or 73k is just the beginning. If it could break through and stay consistent, the price will go crazy. Now it just keeps consolidating.

Well, its $65k now but it looks like it will rising to $67k in the next 1-2 days and I dont think the bitcoin price will break above $70k again for the next few weeks.
Also, I think the bitcoin price after the halving will only be around $60k to $63k ish - I still believe the price will go crazy in 2025/2026, not this year.

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Re: huh that 71k came out of nowhere. did anyone of you guys sold?
« Reply #62 on: April 02, 2024, 09:38:27 PM »
It seems like this is a boost from ETFs where now I myself am also getting ready to welcome a special post-halving surprise. This was unexpected, but I think all holders are happy this time. The potential to get a higher ATH price is still wide open, as long as this is not a prank, then it is certain that the green candlestick will be visible every day until the end of 2024.

The effects of bitcoin ETF has been ended and now this is a time of price correction which turn the price to 65k$ from 73k$ but everyone will be surprise when they see that halving pump the price again and targeted value of everyone is near to achieve.

Although halving is not a prank but still there is no guarantee and is not possible that we will see green candles every day throughout the current year because market volatility will still be there even price cross the ATH or form another ATH.
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