Post
Topic
Board Speculation
Re: The market is not good
by
arwin100
on 11/08/2021, 13:37:29 UTC
But it is still above the support level of $45k so that's the most important thing right now.

That's bitcoin for you, fluctuates every week but at the end it can go on the direction of North, meaning the price can still grow even if we have this minor dip at 1%-2% from time to time.

And now that we are entering the last quarter, it's going to be a wild ride, it's either we reach a new all time high, or bitcoin will fall dramatically, I do hope that the former will happen.

And the fact that it's already midweek and still going strong should be a very positive sign for all of us. I was expecting a dip below 40k again but if this 45k holds and becomes the new support we are definitely seeing a return to ATH by September!



Since the market is showing some good push towards this August which supposed to be a bear season as speculated by other it means that we will have a great upcoming months and I really think that we can see those good pumps coming. Now bitcoin step at $46k and we are close to reach at $50k so if this continue to be bullish then provably we can see bitcoin  reach its ATH again or maybe it creates another new ATH this year.