Post
Topic
Board Speculation
Re: Bitcoin price stay above $40000?
by
Oshosondy
on 16/03/2022, 05:41:52 UTC
Seeing the trend that has occurred since touching almost $70k then this is a long time record, bitcoin looks stable in the $35k-$45k range, for daily trading of course this is better than prices that continue to skyrocket because there is no opportunity to buy or vice versa when the price continues to decline so it can not take profit.
That is true, the price looks less volatile recently, but there will be aa time the price would be more volaltile and this can be anytime, any day, any week, traders should be careful and use a margin prepared for this. It is true though that the price recently is not volaltile, it is not even up to $45000 for bitcoin price recently and not down to $35000, it volatility has been around $37000 and $42000. But there is possiblity that the price of bitcoin may go down way than up I'm my opinion though.

Currently  the investors and market is very confused and doesn't know which direction to head to because of the issues around the world, and it's obviously seen in the chart.
What issue around the world are you talking about? I see no issue right now. Investors should never get confused, bitcoin ATH was $69000, the price has been reduced to $39000, then they can invest of they have long term plan of investment. They can divide theoroney into parts, investing as the market price is decreasing so it will favor when the bitcoin price start to increase.