Re: The recent rise in prices, temporary or more long term?

Now that bitcoin attracted more and more investors including billionaires, millionaires nd big companies like paypal, I think the price of bitcoin will continue to increase and it's not temporary, but of course we should always be ready for anytime price corrections.

Well, we should be. Let's take that as a breather and it happens every time the price makes these kinds of pumps. The price is going back and forth at $30K and $33K and we are seeing the price getting unpredictable again. I don't know if we will be hitting the price at $20K but I don't think it will last there considering the number of investors lately.

Even if price falls to $20k, it'll bounce back up. To a minimum of $65k by eoy.

We will look at that maybe this week or the next as the price is closing down to $29K. The price is slowly losing its strength but that doesn't mean that it will not be doing its climbs every now and then. The price is more volatile than in the past and I think it might hit above $25K this upcoming week and just go back to its above $30K price mark.