Entering the second week of January, the price chart is still moving as usual and yesterday it reached a price of $17k. The shortest timeframe for us to see Bitcoin move is 2024 or one more year. This is just a basic assumption from our monitoring of the market because we are also not great speculators who can guess when this situation will change and to what extent Bitcoin will reach its highest price.
Predicting changes in the Bitcoin solid situation is not easy because it is not based on anyone's guesses, but based on the buying and selling power that always occurs in the market. Right now the price of Bitcoin is still very close to $17K and if there is another bounce in the near future in Bitcoin, maybe everyone will see Bitcoin going above $17K or in the area close to $18K before entering February
The theory is like that. The rise and fall of prices is not due to speculators or anyone's guesses but because of the level of purchasing power and selling power. Therefore, further study is needed so that the selling rate can be reduced in percentage. Of course this is because we hope that Bitcoin can continue to increase in price.
The market closed the price of Bitcoin yesterday at $17,091 and the price chart to date is still increasing by 1.70%. At the time of writing, the price is $17,234.
Doesnt matter if you are a billionaire or an average joe on which all of us here on this market are speculators which means that there would be no one would be able to predict on what would be the future
prices would look like and this is why you shouldnt really be relying into others decision when it comes to investment on which there would be no guarantee that it would happen.
thing here is that these billionaires or popular people does make out some significant effect if the hype and fud do really takes place but it is really basing up on
certain situations which it doesnt happen all the time.