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Author Topic: Bitcoin Hit $70k For First Time.  (Read 4374 times)

Offline UNIVERSE

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Re: Bitcoin Hit $70k For First Time.
« Reply #90 on: May 24, 2024, 12:09:33 PM »
Well I hope bitcoin can at least reach more than $80k this year. And many also estimate above $100k. But this is quite difficult. But it's still possible to happen. Actually seeing bitcoin a few days ago return to $70k was also a surprise. Because it happened quickly. And now the price is slowly decreasing again. So for those who trade and do not invest long term, they must be aware of current market conditions. Because everything becomes more difficult to predict in the short term. But in the long term I am optimistic.
I think it is possible that Bitcoin will reach $80k, but it shouldn't be in the near future. I think it may be in Q4 of this year, the price needs time to increase massively. However, we need to expect that there will be no bad news anymore. If we have bad news, the price may drop again and it will be hard to increase significantly. Yes, I am also optimistic that we will have a big increase again in the new few months.


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Re: Bitcoin Hit $70k For First Time.
« Reply #90 on: May 24, 2024, 12:09:33 PM »

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Offline Jamal Aezaz

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Re: Bitcoin Hit $70k For First Time.
« Reply #91 on: May 24, 2024, 08:14:30 PM »
Usually the halving effect will occur when it has passed one year after the halving occurred, as happened with last year's halving, so we have to remain patient to wait for the price of bitcoin to rise again.

Everyone should still have to hold their coins because the price has once again hit the value of 71k$ which means that the effects of halving have yet to originate. Effects of halving have not ended yet so those who already have lost their hope will be excited for such a pump if they don't have sold their coins yet.

We have to wait for a lengthy period of time to keep our worries away because most of the investors are now again able to recover their loss and now they are in gain but as the price is reduced to 69k$ so keep holding because anything can happen which will be profitable for us.
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Offline taufik123

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Re: Bitcoin Hit $70k For First Time.
« Reply #92 on: May 24, 2024, 11:59:03 PM »
I think it is possible that Bitcoin will reach $80k, but it shouldn't be in the near future. I think it may be in Q4 of this year, the price needs time to increase massively. However, we need to expect that there will be no bad news anymore. If we have bad news, the price may drop again and it will be hard to increase significantly. Yes, I am also optimistic that we will have a big increase again in the new few months.
Always be optimistic for the price increase that bitcoin will have in the future.
Bitcoin reaching an ATH of $73 is already amazing and is still stuck at $67k-$70k, but it will be a fairly stable price before the price rises again through the new ATH.

My target is ATH $100k++ and that's a price target that quite a lot of people are talking about right now, and it's still very possible.
Now it is only necessary to buy and hold for the long term before the price is bullish again.

 

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