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Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?
« Last post by SmartGold01 on Today at 05:26:01 PM »I also senses the market when it got 55k if not of 54k I was like this is a sign to show that market will definitely touch 40k if we can't expect this sudden drop to 55k then what more of 40k but at some point there was a market pressure that pushes the price to 60k within 24hrs it gain another 3k plus to make it 63, I am not overwhelmed with this price anyway because I know bitcoin price is very difficult to predicts so, as an investors it's very important to hold tight and focused on your investment durations.There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Ever since the Bitcoin halving we have seen the price of Bitcoin hovering between $60k and $67k which means we are not seeing much change in the market during this period. However, yesterday the price of Bitcoin broke the support of 60k dollars and moved from 55k dollars to 57k dollars. When the market broke the support of 60K dollars and came lower, then it seemed that maybe the market will cross the barrier of 50K dollars and after crossing the barrier of 50K dollars, the market may do a big dumping, but the market is very stable now. Since the market has dumped a lot from the peak price, the market is expected to be more positive at this time.