Post
Topic
Board Economics
Re: Where the correction ?
by
ashmodeus
on 01/03/2021, 08:02:43 UTC
Currently, the price of Bitcoin is no longer rising.  From $ 58,000, Bitcoin's price dropped to $ 50,000. 

At around $ 50,000, bitcoins were distributed from old investors to new investors. 

Then the price dropped to $ 45,000.  Bitcoin price is currently below $ 45,000.  We see a downtrend.  The price of Bitcoin is slowly but inevitably falling.  Perhaps it will fall to $ 30,000 (this is a very large-scale price correction). 

Of course, we all want the price of Bitcoin to rise to $ 100,000.  However, it is possible that the $ 58,000 was a local high.

so far , i still believe about the correction it's not will more low than Tesla price which it about 36.5-39k , when bitcoin under that price , i believe we will in the different scenario, instead of quick bounce , btc just move slowly until another sentiment come, the good thing of it, alt season begin.