Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: _act_ on November 27, 2024, 02:45:05 PM
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Bitcoin increased to almost $99800 but the price decreased and almost got to $90000 yesterday. The price increased to $95000 but it decreased again. There is still some support at $90000 and the price now is above $93000 but some analysts are saying the $90000 support could be breached in a way that bitcoin can fall 30%. This will make bitcoin fall below $70000. I do not want to agree with this until one or two months has passed without bitcoin increasing. Do you think the analysts can be right?
This is the news
https://cointelegraph.com/news/bitcoin-30-correction-ahead-100k-btc-rally-analysts
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To be honest, the analysts aren't sure of anything hahaha ;D
Of course, the price could fall by 30%, just as it could start a new rally and rise by another 30%, there's no way of knowing for sure
I like to follow the trends
There are still a lot of good things to happen with BTC, the United States possibly becoming friendlier to cryptos in 2025, a lot of institutions buying BTC, etc. With this news alone, I think it's a bit difficult for it to fall by 30% right now
One possible scenario is the ETFs, maybe big players can sell a huge amount of BTC in this can drop the price in short term
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Looks not yet with bitcoin potential fall down more than 30%, after huge decreasing since significant movement until $99k and bitcoin drop to $90k today have good day for bitcoin holder because success raising up to $95k.
Its not difficult for bitcoin get increasing significant although have large correction last several days ago and take moment without one week have break out again.
After success hitting to $95k its not close moment to see will bitcoin break to $100k after failure last moment and bitcoin stuck only around $99k.
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Bitcoin increased to almost $99800 but the price decreased and almost got to $90000 yesterday. The price increased to $95000 but it decreased again. There is still some support at $90000 and the price now is above $93000 but some analysts are saying the $90000 support could be breached in a way that bitcoin can fall 30%. This will make bitcoin fall below $70000. I do not want to agree with this until one or two months has passed without bitcoin increasing. Do you think the analysts can be right?
The analyst could be right and at the same time could be wrong, the market is just very unpredictable now. Many didn’t assume bitcoin to rally till more than $90K, many already believed it should happen by next year and not now, what can we say when we saw it doing its thing and achieve a new all time high?
Waiting for two months to decide whether bitcoin is going to continue on the uptrend or not, it it’s going to reduce by 30% as the analyst said, by that time, some other people would have gave hope that the bull season is over and will be preparing for the bear season even when it shoudnt be so. At this point, nay delay in the prove movement of bitcoin in any direction, it’ll bring about more controversies of it either in the bullish or bearish trend.
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This is Bitcoin, with its high fluctuations. And even after yesterday its price dropped to make many people panic at $90,805.04, currently, the price of Bitcoin has started to climb again quickly. It has even touched $97,361.18 again as the highest price in the last 24 hours. So, the point is whatever the condition of the Bitcoin price, we don't need to panic. Stay calm when the price drops, or if there is money, this actually gives us the opportunity to reaccumulate the amount of Bitcoin again to become more. because, indeed the race of the Bullish era is not over yet.
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_snip-
After success hitting to $95k its not close moment to see will bitcoin break to $100k after failure last moment and bitcoin stuck only around $99k.
Just waiting for a few more purchases to break through the $100k price and now Bitcoin is correcting to the $92k++ price area,
which is a fairly normal decline despite reaching -30%.
I think it's good to make bitcoin break through $100k or more, and it will be history again.
Just need to be patient and hold on to the bitcoins we have and I also secure my assets for the long term.
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Theoretically and from a technical analysis standpoint, yes, Bitcoin could drop by 30% and return to the $70K price zone as many analysts claim.
But practically and on the ground, I see that even if there is a major correction of 30% (which I currently rule out), it will quickly return to its current price, given the current market data and the significant positive influences that affect the market direction.
For example, MicroStrategy recently bought 51,780 Bitcoin for $4.6 billion, which gives a positive indication for the market and also indicates that large institutions are constantly raising the price and benefiting from every drop.
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Bitcoin increased to almost $99800 but the price decreased and almost got to $90000 yesterday. The price increased to $95000 but it decreased again. There is still some support at $90000 and the price now is above $93000 but some analysts are saying the $90000 support could be breached in a way that bitcoin can fall 30%. This will make bitcoin fall below $70000. I do not want to agree with this until one or two months has passed without bitcoin increasing. Do you think the analysts can be right?
This is the news
https://cointelegraph.com/news/bitcoin-30-correction-ahead-100k-btc-rally-analysts
Sincerely what we are doing is speculation and no one can give exact price of Bitcoin or even know when the price will fall flat or entirely but are all basing on historical data to repeat itself, but when the price didn't go as speculated or from the way they sense it or feel it you wouldn't see them come to make boost over the price they have speculated but when it goes according to the way it is speculated you will see them becoming so professional and thinking that whatever they say automatically happen without knowing it is just a speculation they are speculating.
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30% correction seems over exaggeration of reality, the most will be 15% but as you said there's strong resistance around 90K so most likely the price won't fall below unless there's really negative news coming up.
Bitcoin analysis are not accurate at all and in my opinion there's no one can claim themselves as expert in predicting the price movements.
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30% correction seems over exaggeration of reality, the most will be 15% but as you said there's strong resistance around 90K so most likely the price won't fall below unless there's really negative news coming up.
Agree. It is unlikely to drop 30%, it will be a too deep price. Yes, I also guess $90k was the lowest price before Bitcoin crosses $100k. However, it is not impossible if there will be another correction but it won't be a very significant drop. Even if there is a bad news, I'm sure the price of Bitcoin will try to stay above $90k.
Bitcoin analysis are not accurate at all and in my opinion there's no one can claim themselves as expert in predicting the price movements.
It is only a prediction, there is no guarantee for accuracy. We don't need to panic, we just need to feel calm. As long as we set a realistic target, I think we only need to wait for the price of Bitcoin increasing again and crossing $100k.
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And I philipma1957 Claim that BTC is set to rise by more than 30% in the next 30 days
But in all honesty it's a guess on my part.