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Author Topic: is $60k the floor rate of bitcoin after halving?  (Read 4300 times)

Offline JISAN

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Re: is $60k the floor rate of bitcoin after halving?
« Reply #75 on: May 11, 2024, 07:20:54 PM »
Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.

Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I also thought of $60k as the floor rate but it already dipped below $60k once after the halving but quickly rebounded. I still expect the floor rate of Bitcoin to be $60k but recently the price of Bitcoin seems to be falling again. But still within $62k. But I think if Bitcoin price falls below $60k again then its floor rate could be $50k. Bitcoin's movement does not appear to be stable within a fixed price zone so far. btc price still unstable and high volatile

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Re: is $60k the floor rate of bitcoin after halving?
« Reply #75 on: May 11, 2024, 07:20:54 PM »

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Offline taufik123

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Re: is $60k the floor rate of bitcoin after halving?
« Reply #76 on: May 12, 2024, 04:23:29 AM »
I also thought of $60k as the floor rate but it already dipped below $60k once after the halving but quickly rebounded. I still expect the floor rate of Bitcoin to be $60k but recently the price of Bitcoin seems to be falling again. But still within $62k. But I think if Bitcoin price falls below $60k again then its floor rate could be $50k. Bitcoin's movement does not appear to be stable within a fixed price zone so far. btc price still unstable and high volatile
The current price volatility of Bitcoin can be used to continue to accumulate the assets we have.
Having spare money will be very useful, buying at $60-$50k will be a good opportunity and may not be seen again later, just do DCA and when the bulls come back just have to wait for the new ATH to be reached.
The ATH target of $100k is still very likely after the halving occurs, it is only a matter of time.

 

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