Post
Topic
Board Trading Discussion
Re: HOW LOW BTC CAN GO?
by
Btc_1856
on 08/04/2020, 12:13:05 UTC
Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.
It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,
Crypto did not crash, if it has, the most important is it has recovered.
In fact, bitcoin now is already price similar to the price in January 1 this year, so this year so far, bitcoin has not dropped or collapse.

Let's see what will happen, the future looks good based on its movement as even though there is a crisis, crypto market is still bullish now.

Yes, the entire world is in crises, but cryptocurrency is managing to survive at the current value, but we are very close to halving. During the time of the previous halving, the price of Bitcoin fluctuation is common and as of now, we are in good shape which it is managing to survive at the current value.