Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mu_enrico on January 16, 2023, 11:54:44 AM
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The Bitcoin price jumped from the ~$17k range to the ~$21k in the last 7 days. I'm not aware of any good news about Bitcoin, but the price seems moved so strongly, breaking its previous resistance.
(https://i.postimg.cc/W4w95vnN/BTC-7-D-graph-coinmarketcap.jpg)
It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO. Therefore, I don't think the pump can be sustained for too long and the price will soon drop to the ~$19k range and then the ~$17k range again soon. But who knows...
What do you think?
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If you look at the prolonged market falls, we see that this is repeated. But we can't say for sure that the market is luring us now.
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To be honest , its really hard to predict market sentiments at the moment . A pump from 17K to 23K is successfully bring a hope for next bull run likely to start from here . But still DYOR ( Do your own research ) .
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We are waiting for the bull run before and after the next halving.
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