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Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?
« on: May 04, 2024, 11:10:13 PM »Bitcoin get increasing more than 10% after dropping under $57k and congrats for the braveness buy back during bitcoin price not stable yet and always get correction. Bitcoin have reach new ATH more than last two months ago and halving still not bring or make bitcoin get reach another ATH price, but with daily day correction has moment to buy back and prepare with bitcoin recovery although slowly but has chance to earn much profit.It dropped to $56k, lower than $57k.
Now bitcoin success break out to $63,700 and will the moment waiting for bitcoin returning back above $70k coming trues in few days later?
Sure, it was a big drop but Bitcoin can recover quickly, it is already above $60k again. It is true that the current price is around $63k - $64k. I think Bitcoin is already in his way to increase again to $70k. Although it seems to not raise very quickly, but it looks raising again gradually after the dump few days ago.
I don't think will be around $70k very soon. It will take time, it probably increases gradually.