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Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?
« on: May 03, 2024, 07:09:50 PM »Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.
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.