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Cryptocurrency Price Speculations / Re: BTC Prediction - $100k or Below $20k?
« on: Today at 02:33:28 PM »I love that you're not allowing other people's words influence you. I am slightly educated about how to analyze the market, but I never rely on the opinions of others, even those who are great at predicting, since I feel that no one can predict the market, and I am confident in my analysis. When I study Bitcoin, I take into consideration a variety of factors, including the possibility of the trend continuing or reversing. It is still possible to reach $100,000, but it has to surpass the prior ATH or the price will retrace further.
I don't know if you got me or not. But, I was kind of influenced by some analyst predictions and by some social media influencers. As I said in my post I do not understand the chart well which is another reason I rely on analysts. One of the social media influencers said that we may get into the bear run if Bitcoin breaks the 59K support.
Fortunately, we did not enter the bear market even though BTC even touched the 57K price range. I am glad that Bitcoin proved them wrong all the time and bounced back. Thanks to ETH ETF approval things created too much confidence in the market. Let's move on and see how it goes for the next couple of weeks.