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Author Topic: BTC staying above $67,000, will it reach all time high?  (Read 530 times)

Offline Lucius

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Re: BTC staying above $67,000, will it reach all time high?
« Reply #15 on: Today at 05:17:06 PM »
What currently affects the price of BTC are spot ETFs, which according to available data have a positive inflow for at least 7+ days in a row. What is also important to emphasize is that these inflows are quite smaller than before and currently average around 4000 BTC per day, which is obviously enough to raise the price above $70k, but not to move towards a new ATH.

It is possible that some take advantage of the current situation and sell larger amounts of BTC that they bought when the price slipped all the way to $56k - and now it's just a question of how much they filled their bags and how long the ETFs will continue to accumulate.

Some unverified information says that companies like Apple and Amazon are also starting to accumulate BTC, and that the news about this will be published in August - but that might just be a rumor.

https://x.com/btc_for_freedom/status/1792161269153239346
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Re: BTC staying above $67,000, will it reach all time high?
« Reply #15 on: Today at 05:17:06 PM »

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Online Jamal Aezaz

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Re: BTC staying above $67,000, will it reach all time high?
« Reply #16 on: Today at 09:09:57 PM »
No doubt about hundred thousand price range mate as Bitcoin just hit more or less $71,600 recently and we all know what that means since we are now approaching the ATH again and I think this is easy $80k in just few weeks or months I could be wrong here but who knows right?

Yes Bitcoin hit 70k$ again which is nearer to the value of an already created ATH but again a slight fall happens today and presently it is 69k$. 80k$ can be achievable in a matter of weeks if market does not go down but if continues pump and dump take place then it will take time to attain 80k$ because market never remains same for longer time without showing any changes.

We have to hold the coins which we already have bought and wait for the accurate time where our target will be accomplishable and maybe such duration takes time to happen but it will be easy for us to wait if we have patience and trust in our assets.
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