Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Ambatman on April 17, 2024, 02:50:03 PM
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This thread was created to reduce the threads of speculations like would Bitcoin reach $1M, would Bitcoin reach $2K.
Rather than having countless threads on various prices,i felt it would be better to have a thread where we can discuss current prices or speculate with the direction of the market.
As time goes there would be some rules to prevent spamming because I can't self moderate currently, but it's vital that your price speculation should be based on fact or analysis not by emotions.
I'm hoping it would be something like the WO thread where we can discuss, enjoy a bull market and encourage one another during the bears.
If the thread isn't appropriate, then Moderator can do well to inform me so it can be locked.
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Would be kicking it off.
I have seen some trend for some weeks on how bitcoin has been moving rise from Sunday evening till Monday.correction on Tuesday to Wednesday evening, rise around 6pm forum time on Wednesday till Friday where it starts falling by night and through Saturday's and pick up on Sunday and circle continues.
P. S I'm not giving any trading advice just what have noticed and am sure it's not going to continue this circle for long but let's see how this Wednesday plays out.
It's already falling,i feel more is coming but As long as we can hold $60K support today, I won't be surprised if we push above $66K.
What are your thoughts?
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I think it's a good thread, I hope you'll get support from the members, but I don't think that everyone would share their speculation on this thread. Most users prefer to open their own threads when they try to share their speculations, but still there are some members who might share their speculations and predictions in this thread, and that's why I believe that this thread could be very helpful one.
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I think it's a good thread, I hope you'll get support from the members, but I don't think that everyone would share their speculation on this thread. Most users prefer to open their own threads when they try to share their speculations, but still there are some members who might share their speculations and predictions in this thread, and that's why I believe that this thread could be very helpful one.
Yeah, most people prefer to open their own thread to share their speculations, but it's actually nice to have one thread where someone can refer to when seeking information or ideas concerning this topic, rather than going to sort for the dozens of threads scattered around the board. That could be quite tiring you know.
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Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.
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I'm hoping it would be something like the WO thread where we can discuss, enjoy a bull market and encourage one another during the bears.
Hmm, its a nice idea mate but the Wo observer thread is as old as BTT and many legends contributed in making that thread what it is today. So except members from over there who are of such same interest would want to start same discussiohere then you thread would be a success. If it's the later, I'll advise you try keeping the thread active. Soon others might see it's usefulness and join in.
Though you might not be able to design something like chart buddy which updates the prices of Bitcoin hourly, you might consider making an periodic summary of Bitcoins price like in a chart. It may be per day or hours just to keep the thread active and let everyone also be updated.
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This thread was created to reduce the threads of speculations like would Bitcoin reach $1M, would Bitcoin reach $2K.
Rather than having countless threads on various prices,i felt it would be better to have a thread where we can discuss current prices or speculate with the direction of the market.
It's a good idea to combine all similar discussions into one thread. The threads you talk about can be quite boring, and I, for example, can't shake the impression that they only serve to fill in the weekly post quote.
I'm also not sure that everyone will stick to this thread when it comes to Bitcoin price speculation.
If the thread isn't appropriate, then Moderator can do well to inform me so it can be locked.
This thread and all similar ones already have a certain board on the forum
Altcoins Talks - Cryptocurrency Forum »Crypto Discussion Forum »Cryptocurrency Trading »Cryptocurrency Price Speculations (https://www.altcoinstalks.com/index.php?board=249.0)
Ask moderators to move it to the appropriate board.
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This thread was created to reduce the threads of speculations like would Bitcoin reach $1M, would Bitcoin reach $2K.
Rather than having countless threads on various prices,i felt it would be better to have a thread where we can discuss current prices or speculate with the direction of the market.
As time goes there would be some rules to prevent spamming because I can't self moderate currently, but it's vital that your price speculation should be based on fact or analysis not by emotions.
I'm hoping it would be something like the WO thread where we can discuss, enjoy a bull market and encourage one another during the bears.
In fact, there are already a lot of such topics all over the Internet. I think that even on this forum there are already several topics on this topic. I don’t think it’s realistic to discuss the prices of the future because it’s unrealistic to know what will happen in the future; perhaps bitcoins will not become available at all; perhaps it will cost 1 dollar in one sat, anything can happen, we can only speculate that maybe in six months a year, and then very much approximately.
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This is a nice thread. But I will not be surprised that the aim can not be achieved if it is about other people not to open their own bitcoin about price speculation thread. But the aim of continuing discussing about bitcoin price speculation on this thread can be achieved. I mean just like it is on Bitcointalk. As there is wall observer thread for bitcoin, other people are still having new bitcoin speculation threads which is although not the same but having the same or similar replies.
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This is nice, I actually do love the idea of ALT having a similar thread as WO in BTT but I don't know how many of the forum members aside we teleported members are actually really bitcoin enthusiasts since this forum is mainly on Altcoins and so I would suggest the price speculation here should be on Bitcoin and Ethereum which is the top altcoin or may add other few like BNB and Sol.
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This is nice, I actually do love the idea of ALT having a similar thread as WO in BTT but I don't know how many of the forum members aside we teleported members are actually really bitcoin enthusiasts since this forum is mainly on Altcoins and so I would suggest the price speculation here should be on Bitcoin and Ethereum which is the top altcoin or may add other few like BNB and Sol.
Yeah but maybe there is a specific separate thread for Altcoins or what? I also like the idea so there will be no other threads that discuss the same topic as it is messy to see uncompiled threads on this board or other boards like Altcoins.
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Some members can create self-moderated posts (Donor rank,)[1] but if we look at WO in BTT, it is a separate community with a high percentage of spam because it is group discussions, and in the end they come back to discuss the price. If you want something like that, the topic must be without signatures (I remember that there are boards that do not Signatures appear) and then you can control reasonable spam levels.
In general, isn't it better to start with some charts or price analysis?
[1] https://www.altcoinstalks.com/index.php?topic=315406.0
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Some members can create self-moderated posts (Donor rank,)[1] but if we look at WO in BTT, it is a separate community with a high percentage of spam because it is group discussions, and in the end they come back to discuss the price. If you want something like that, the topic must be without signatures (I remember that there are boards that do not Signatures appear) and then you can control reasonable spam levels.
I think WO is a very specific situation. Most users there already accumulated a lot of BTC, they bought at very low levels and they are using the forum just for fun and to chat about trading opportunities, withdrawal strategies, buying opportunities, etc. They don't even participate in signature campaigns, many of them dont even look at other boards of the forum. Almost a forum by itself.
It is very hard to create the same situation here...
Personally, I see all those price prediction threads as useless, as most users have no clue about what they are talking about and most of predictions are really worthless...
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As time goes there would be some rules to prevent spamming because I can't self moderate currently, but it's vital that your price speculation should be based on fact or analysis not by emotions.
I'm hoping it would be something like the WO thread where we can discuss, enjoy a bull market and encourage one another during the bears.
For speculation purposes, the BTC section has its own, so why there is a need to create a thread where speculation will be done? Well, still its a good idea to start a thread like WO but I am not very active on the WO thread as well, as I think that's mainly for OGs and old users of BTC who have been in BTC since 2012. I have seen them trolling each other, and you think members should share technical analysis or analysis based on logic, are you daydreaming haha.
No offense but expecting this thread of yours to be WO and a thread where members won't spam but share valuable posts, with technical stuff in them, I think that's not achievable at the moment but still that's a great approach I like it and I will try to contribute.
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No offense but expecting this thread of yours to be WO and a thread where members won't spam but share valuable posts, with technical stuff in them, I think that's not achievable at the moment but still that's a great approach I like it and I will try to contribute.
None taken. My expectations has been low from the very beginning to prevent disappointment.Thanks for the future contribution.
My analysis
Chartwise we should be bullish
But like we know anything can happen.
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I think WO is a very specific situation. Most users there already accumulated a lot of BTC, they bought at very low levels and they are using the forum just for fun and to chat about trading opportunities, withdrawal strategies, buying opportunities, etc. They don't even participate in signature campaigns, many of them dont even look at other boards of the forum. Almost a forum by itself.
Yes, however, there is a level of the causes, although all the discussions are for so, so the signatures must be removed so that the basic goal of the discussion and analyzes for Fun, especially since we are talking about predicting altcoin and not bitcoin, which may give many people to double their income easily if the discussions are useful, opinions are sincere away from spam or trying to make profits from the posts.
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This thread was created to reduce the threads of speculations like would Bitcoin reach $1M, would Bitcoin reach $2K.
Rather than having countless threads on various prices,i felt it would be better to have a thread where we can discuss current prices or speculate with the direction of the market.
As time goes there would be some rules to prevent spamming because I can't self moderate currently, but it's vital that your price speculation should be based on fact or analysis not by emotions.
I'm hoping it would be something like the WO thread where we can discuss, enjoy a bull market and encourage one another during the bears.
If the thread isn't appropriate, then Moderator can do well to inform me so it can be locked.
Bitcoin price speculation doesn't limited to a particular board or threat, just as we have the WO and yet we still get more topics pushing in on bitcoin price speculation. One thing you must know is that this thread can't always remain at the top because sometimes it may go below when there's no much engagement here and, some people are too lazy in a way that they can't do dig out old topics to start comment on so, what is next? They will have to go create their own self topic to expressed themselves.
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No offense here, but I am really forced to ask or want to know if we really need a thread like this on this board when we already have a cryptocurrency price speculation board HERE (https://www.altcoinstalks.com/index.php?board=249.0)?
And as much as I believe the op to have created this thread with good intentions, I don't think it will live up to its purpose, because on the norm, bitcoin price discussions and or speculations isn't supposed to be here on this board, such discussion is supposed to be posted in the cryptocurrency price discussion board.
And again, a thread like this will not stop some users from creating their own thread, most especially if the user wants his or her message to be noticed by very many persons, creating a thread like this and making it mandatory for other users to forward any price related thread to this place as a comment, can only work if it's coming from the admin and it's stamped as rule.
No offense again.
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At the moment Bitcoin is hovering around $64700-$65000. But many may have guessed that Bitcoin could come between 50k dollars and 38k dollars before the halving. The halving is over but Bitcoin did not fall below 60 thousand. But I think Bitcoin will not go down anymore, Bitcoin will probably go up slowly from here. But I can predict that Bitcoin will cross $100,000 by the year 2024 and Bitcoin will hit $7000 again this April. But I hope my guess is correct.
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I think WO is a very specific situation. Most users there already accumulated a lot of BTC, they bought at very low levels and they are using the forum just for fun and to chat about trading opportunities, withdrawal strategies, buying opportunities, etc. They don't even participate in signature campaigns, many of them dont even look at other boards of the forum. Almost a forum by itself.
Yes, however, there is a level of the causes, although all the discussions are for so, so the signatures must be removed so that the basic goal of the discussion and analyzes for Fun, especially since we are talking about predicting altcoin and not bitcoin, which may give many people to double their income easily if the discussions are useful, opinions are sincere away from spam or trying to make profits from the posts.
I agree. Specially since this is a new forum, I don't think the admin will remove signature in some boards because every traffic is needed and wanted, as far as I understand the strategy of the admin here.
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I think WO is a very specific situation. Most users there already accumulated a lot of BTC, they bought at very low levels and they are using the forum just for fun and to chat about trading opportunities, withdrawal strategies, buying opportunities, etc. They don't even participate in signature campaigns, many of them dont even look at other boards of the forum. Almost a forum by itself.
Yes, however, there is a level of the causes, although all the discussions are for so, so the signatures must be removed so that the basic goal of the discussion and analyzes for Fun, especially since we are talking about predicting altcoin and not bitcoin, which may give many people to double their income easily if the discussions are useful, opinions are sincere away from spam or trying to make profits from the posts.
I agree. Specially since this is a new forum, I don't think the admin will remove signature in some boards because every traffic is needed and wanted, as far as I understand the strategy of the admin here.
Sorry but this forum is not new, the forum is only new to you and some others that just discovered and joined here last year after btt banned mixers, this forum has been online and operating since 2018, is something that is around 7 years old said to be new? I don't think so.
And again, if I understand correctly, what you are agreeing to, and saying is a bit different from what hugeblack suggested, you are saying that the admin won't remove signatures for posts in WO board since the forum is new (according to you) and traffic is needed in all boards, but hugeblack is suggesting that signatures be removed for posts in WO board as that is the only way users posting there won't spam.
Anyways, I still stand on what I said before, what special importantance does a WO have when we already have cryptocurrency price speculation board to discuss everything about crypto prices and their movements?
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Since the halving has been achieved now, we should be more expectant in seeing the market going back to $70,000 and more anytime from now, though as we have always expected that the market becomes more volatile than before, there is nothing to also doubt about in seeing it go to a new all time high above the previous one, anything can happen at anytime from now, we should be more expectant.
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Since the halving has been achieved now, we should be more expectant in seeing the market going back to $70,000 and more anytime from now, though as we have always expected that the market becomes more volatile than before, there is nothing to also doubt about in seeing it go to a new all time high above the previous one, anything can happen at anytime from now, we should be more expectant.
The market condition has been quite impressive, making predictions difficult for analysts and enthusiasts. The long awaited halving has been completed, and it seems like nothing happened except for the unnecessary increase in transaction fees due to congestion. I literally thought there was going to be a dip after the halving when a massive amount was liquidated a few days ago, but this current uptrend turns out to be very strong.
$70,000 seems likely considering how impressive the market has been. When Bitcoin reaches that price, breaking the previous all-time high (ATH) of $73.7K for a new one might be possible. However, things might eventually go the opposite way where the price continues to maintain a steady rate for a while.
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No offense here, but I am really forced to ask or want to know if we really need a thread like this on this board when we already have a cryptocurrency price speculation board HERE (https://www.altcoinstalks.com/index.php?board=249.0)?
And as much as I believe the op to have created this thread with good intentions, I don't think it will live up to its purpose, because on the norm, bitcoin price discussions and or speculations isn't supposed to be here on this board, such discussion is supposed to be posted in the cryptocurrency price discussion board.
And again, a thread like this will not stop some users from creating their own thread, most especially if the user wants his or her message to be noticed by very many persons, creating a thread like this and making it mandatory for other users to forward any price related thread to this place as a comment, can only work if it's coming from the admin and it's stamped as rule.
No offense again.
Correct. You said my mind. There's an existing speculation board in the forum, bringing this here and expecting other members to align with it, is not going to work that easy because there will be members who would love to create or flow along with the post-discussion made on the speculation board without even knowing that every member should just direct their speculation price of bitcoin here.
However, the forum is gradually building up to be the perfect place for all crypto users to share their ideas on crypto. So everything won't be done at the same time. It will be through our suggestions like this, that everything will be put in place for the betterment of the forum and its users
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Since the halving has been achieved now, we should be more expectant in seeing the market going back to $70,000 and more anytime from now, though as we have always expected that the market becomes more volatile than before, there is nothing to also doubt about in seeing it go to a new all time high above the previous one, anything can happen at anytime from now, we should be more expectant.
Bitcoin price is volatile but it has set a strong price at $60k and it is not expected to drop below $60k until Bitcoin price makes a strong and big ATH. And an ATH above $80k is also expected from Bitcoin. So investing in Bitcoin now will have less profit but also risk. But long term investment will reduce the risk a lot. but do not take this as a financial advice i am just sharing my opinion. bitcoin price can rich $100k it is also not impossible
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Even though the price is slightly down today, I don't see this as a sign to worry at all. I have faith in the posthalving bull run. Analysts say btc might cross 100k-150k end of year and set a new ATH in the upcoming months. My faith comes from the approval of ETFs in Asian countries, plus the halving which has historically been followed by an eventual bull run so I am thinking at least 100k is in the picture.
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At the moment Bitcoin is hovering around $64700-$65000. But many may have guessed that Bitcoin could come between 50k dollars and 38k dollars before the halving. The halving is over but Bitcoin did not fall below 60 thousand. But I think Bitcoin will not go down anymore, Bitcoin will probably go up slowly from here. But I can predict that Bitcoin will cross $100,000 by the year 2024 and Bitcoin will hit $7000 again this April. But I hope my guess is correct.
The period that we were most worried about has already passed but the market has not changed negatively but we can definitely expect this market. Where in this season the Bitcoin market is dumping a lot and at this time investors sell all their investments so everyone is worried about this season of the market but there is nothing to worry about in this season. In this season the market is at a normal level so surely the investors will invest in Bitcoin with faith and reliability during this period. When investors fully invest again, the value of Bitcoin will accelerate again and the value of Bitcoin will continue to increase.
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Bitcoin price is volatile but it has set a strong price at $60k and it is not expected to drop below $60k until Bitcoin price makes a strong and big ATH. And an ATH above $80k is also expected from Bitcoin. So investing in Bitcoin now will have less profit but also risk. But long term investment will reduce the risk a lot. but do not take this as a financial advice i am just sharing my opinion. bitcoin price can rich $100k it is also not impossible
The opportunity for the price to increase to $80k seems quite small, because as you said, the risk of buying bitcoin at an expensive price is quite high, thus making many investors and whales think again when they want to buy bitcoin at an expensive price and ultimately create bitcoin. difficulty in making price increases.
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You have created a very good topic, thank you OP. As far as possible here is the best strategy to talk about Bitcoin, i.e. when the halving takes place in the current time, this is April 2024, so we are very close to the bull market from here, because the past halvings indicate that the year after the halving takes place 2025 is likely to be the peak bull run. Hence, it would be best for an investor to hold Bitcoin for the long term from now on. Then you can come and enjoy the full share of next year's market.
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You have created a very good topic, thank you OP. As far as possible here is the best strategy to talk about Bitcoin, i.e. when the halving takes place in the current time, this is April 2024, so we are very close to the bull market from here, because the past halvings indicate that the year after the halving takes place 2025 is likely to be the peak bull run. Hence, it would be best for an investor to hold Bitcoin for the long term from now on. Then you can come and enjoy the full share of next year's market.
It is very difficult for us to analyze and predict the price movement of BTC in the next 12-18 months. While I am optimistic that BTC will reach $150K-$170K in this cycle, it is very difficult for me to provide any specific scenarios for BTC's price movement. Perhaps when BTC ends its current correction and starts to rise, it will be easier for us to analyze based on theories such as LPPLS, Wyckoff, Elliott waves, RSI, MACD...
Currently, with BTC trading sideways, it is very difficult to make reliable predictions. The only thing I can be confident of at the moment is that BTC will not create a new bottom lower than $15K and we will soon have a new ATH in 2024, followed by $100K and $150K.
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No offense here, but I am really forced to ask or want to know if we really need a thread like this on this board when we already have a cryptocurrency price speculation board HERE (https://www.altcoinstalks.com/index.php?board=249.0)?
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You're probably right, but since the thread is getting traction and since mods allow it to be, I don't see a big problem. It still relates to Bitcoin, so having this topic on Bitcoin subforum does not sound like much of a departure from forum rules etc.
Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.
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Currently, with BTC trading sideways, it is very difficult to make reliable predictions. The only thing I can be confident of at the moment is that BTC will not create a new bottom lower than $15K and we will soon have a new ATH in 2024, followed by $100K and $150K.
The last time that we saw Bitcoin at the $20,000 price level will be the final time that we will be seeing Bitcoin at that price. It happened 2 years ago, and even though we enter the bear market 2 years from now, I don't think that it will go below that price.
I WILL CUT MY BALLS IF BITCOIN REACHES THAT PRICE AGAIN!!!
Of course, I was just kidding on that final sentence that I said, but in reality, I don't think that it will reach that price ever again even we enter the bear market 2 years from now. Anyway, Bitcoin this week has been moving sideways like you said at around the $63,000-$67,000 price level. It's hard to predict what can happen in the short term, but we know that in the long term, Bitcoin's price will just skyrocket, right?
Anyway, no stress on my part because I'm not trading, but just holding. Lesser stress, happy life. :D
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Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.
There are many factors that can affect the cost of mining, including the country in which the miner's equipment is located. The latest I heard is that the average cost of mining one Bitcoin can reach ~$53k, including the fact that the average cost of electricity needed to mine one Bitcoin can reach ~$35k.
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Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.
There are many factors that can affect the cost of mining, including the country in which the miner's equipment is located. The latest I heard is that the average cost of mining one Bitcoin can reach ~$53k, including the fact that the average cost of electricity needed to mine one Bitcoin can reach ~$35k.
This is quite a high electricity cost, and you still don't think about the costs for machine maintenance and also the cost of air conditioning which is used to cool bitcoin mining machines so that they don't break down quickly and remain safe for quite a long time.
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Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.
We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.
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Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.
We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.
As you have said, bitcoin price movements will indeed move around the price you mentioned, conditions like this are called stagnant, the market tends to increase prices or can also decrease prices, depending on where the whales want to move the price of bitcoin. As long as we can still hold bitcoin for a long time, we will still make a profit.