Quote from: Luqman on August 09, 2021, 11:26:01 PM

Quote from: Twinscoin2017 on August 09, 2021, 09:52:17 PM

Maybe the price reach 60k$ again before August end. If there will be no issue or bad news maybe Bitcoin will reach 100k$ this year. it is always depend on the news because trends always depend on news and good updates on crypto community.

The news really has a big role in crypto market nowadays. You are right, if there will be constant good news about Bitcoin, it is possible to reach $60k in the near future, but don't know if it will happen this month or the next month. I think the Bitcoin price won't be always increasing, there should be some corrections in the next few days. So, expecting to reach $60k before the end of August is too big an expectation. Although that hope isn't impossible to happen.

In addition to supply and demand factors, bitcoin prices are strongly influenced by positive and negative sentiments circulating in the market, and in fact we can see how bitcoin prices rose very high and were even able to break their highest price record after the statement from Elon Musk to accept bitcoin as Tesla paymentand this is an example of positive news for bitcoin, and vice versa when tesla announced the termination of bitcoin acceptance and it caused the bitcoin price to fall as it is today, in my opinion there are actually many factors that greatly affect the price of bitcoin and we hope that in August this will there is a lot of positive news, so that it can trigger the bitcoin price to rise again in the market.