Quote from: Nrcewker on May 10, 2022, 03:54:45 AM

Quote from: roadrunnerjaiv2025 on May 10, 2022, 01:35:50 AM

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

This is just the initial stage of the bearish market, we shouldn’t judge the market so quickly.
But sad to see Bitcoin’s price currently.
If I am not wrong then, in the past year this is the all time lowest amount for Bitcoins.
This month might be hard for all the Bitcoin holders, but soon the coin will bounce back.
We can just hope that no more issue should arise, so that Bitcoin’s price will affect again.

Earlier Today Morning, i heard a news that El Salvador Bought 500 Bitcoins when the price was around 30k usd. This might be looked as a positive approach towards the coin and here we can again see the growth in the price of the coin.

Not only Nayib Bukele bought bitcoin at 30k$ but a lot of investors bought it at the same price. On Binance, USDT buying power has skyrocketed showing that many investors think $30k is the bottom to buy. This move has kept bitcoin from falling off the $30k resistance but I don't know how long it will last. We entered a bear market early in the year after bitcoin hit ATH and then there were slow downside corrections and May is considered a bad month to invest.