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Bitcoin Forum / Re: Bitcoin price speculation and analysis Thread
« on: May 16, 2024, 11:11:30 PM »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.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.
Well for now Bitcoin has a very bad behavior and that is vbune, it has been growing integrally, I don't think there is going to be Another very rapid fall, I have observed the Volume and well you can say that it is very consistent with the price, seeing The candles in 7D can be seen as bearish and with high voltage, with a strong volume and the price that is manifested is good , it means that if the bears are careless, it may be that there is a little bit up and that can push the price to be much higher, it could be about $70k, which is not bad at all, for what I am seeing it is likely , what could be Preventing it ? I don't know, maybe war movie speculation , something like that.