Post
Topic
Board Speculation
Re: Is the current bitcoin price sustainable?
by
Hippocrypto
on 27/02/2021, 21:35:50 UTC
It wasn't a surprise because bitcoin was close to $50k price for a couple of weeks but will it be stable there ?

During the next week will the price be heading downward because of sellers making profits or is it going upward when the next price to generate media interest will be $75k ?

It's difficult to work out if it's going to stay stable at $48k - $50k

Yeah we could go upward up to that price of $75k but we should also think about that corrections is always needed in order to fulfill all those predictions. If you have observed the market situation as of today, price attempts to go down below $40k but doesn't decline so big because many investors bought another asset due to higher popularity ratings of btc. Partly, that's certain were not at stabilized value if bitcoin price won't saturate so much before another ATH will be hit.