Quote from: Jating on February 25, 2020, 10:25:41 PM

Quote from: Abdulowad on February 25, 2020, 09:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

No. Did you see how bitcoin price goes on a wild swing this month alone?

Went went as high as $10,300 then go back down to $9700 then recovered and bounce to 5 digits again.
But look at the current price, so there's no such thing as steady price, because it is only one of the best speculative asset, everything is based on speculation, it might trade sideways on certain levels, but having a steady price? it won't happened.

That is why investors should always be alert and analyze the past movement of Bitcoin to be able to closely predict what might be the standing of Bitcoin everyday for a possible return of profit. It is a given fact that we couldn't really predict what would really happen to the standing of Bitcoin in the future. Like me, I thought as the halving event comes closer, the price also of Bitcoin will continue to increase because of the investors or holders will store Bitcoin that would certainly decrease the supply of the coin.

For me, the only certain thing that might happen is a great decrease in its supply and a Bull run during or after the halving.