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Cryptocurrency Price Speculations / Re: Will Bitcoin reach 80k before April 30 2024?
« on: May 06, 2024, 01:56:12 PM »No friends, Bitcoin in June will not go to $80k, there is no good news that can provide support for the rise in bitcoin prices. It is possible that bitcoin will increase in price next season.Have a reread of my post. I didn't predict bitcoin to reach $80k in May, rather I said around June. June is the time I know that it can be possible(not certain) for bitcoin to reach $80k.As bitcoin couldn't reach $80k before the end of April, is it okay to say that it won't reach such an amount in May since we are in May already.I doubt May its moment for bitcoin reach to $80k after the beginning of this month bitcoin get large correction amount although currently recovery back above $61k. Have large percentage increasing for bitcoin reach to $80k and one month I don't think has enough moment for bitcoin return back to higher price.
For me, when I expect to see the $80k price tag should be around June. By then bitcoin had stabilized in price of $70k +. Maybe before the end of June, we can be speculating to see a price of $80k.
All these are just speculation of bitcoin price, not that I am too sure about that, to foresee the future price of bitcoin. Even if bitcoin hits $80k this month or next month, I am not selling until it reaches that amount I feel like selling some part of my bitcoin holdings
Even bitcoin hit above $80k in this month I think will not defend for longer time such as when bitcoin hitting ATH price but drop drastically few weeks later until stuck back to higher price.
This May, I don't know the kind of good news that will push bitcoin to $80k from this 62k + price it has been fluctuating at for the past 2days. Nothing is impossible in crypto anyway, we might experience a surprising price increase that will leave us wowed as the same we get to see the ATH of bitcoin before the halving