We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.
Bitcoin has risen well in price in the past two months, so it may take a more significant correction for a while. I do not think that he will go down to 4000 dollars. There should be a slight correction, although the fall is also possible. However, the situation in the cryptocurrency market is now quite positive and there should be no large fluctuations. However, we are unlikely to wait for a significant rise in the price of Bitcoin. Apparently, Bitcoin will continue to grow much more slowly than recently.