Post
Topic
Board Speculation
Re: Is Bitcoin bull market back
by
mumang siat
on 17/12/2021, 05:14:34 UTC
over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.
Everyone must be optimistic about bitcoin, even though the correction has occurred several times, bitcoin is experiencing a good trend at the moment, although there is a slight correction that occurs, but that condition will not apply this year, considering that the end of the year is only a few days away, bitcoin will make a significant upward movement and will set a new record for the price, but for this year I find it difficult?
Until the end of this year, I expect the price of bitcoin to still decline to touch the level of $ 43k. Therefore, I think, this is the right time to buy bitcoin when the price is still correcting and hold it while waiting for the bitcoin price to rebound to sell it.
Bitcoin is indeed suitable to be bought in conditions like this, so there is short-term potential that can be exploited, but this condition is a correction that will recover, if you really want to buy then do it carefully, I think this is a pattern of Bitcoin preparation to produce value and price that high, although this is due to some investors or influencers, to make their investments big profits, no wonder this condition continues to be created.