Post
Topic
Board Speculation
Re: Can we experience $80k this year?
by
Myleschetty
on 30/03/2023, 18:54:11 UTC
It is likely that the price of BTC will increase this year. Even in this month Bitcoin price has increased up to $26k and fell back at $19k, after which it pumped back up to $27k. This suggests that investors are back on the market, just haven't had the right time to pump that high yet. But if we talk about BTC reaching $80k within this year, I doubt this.
Investors never leave the market in the first place and the reason for the current uptrend in the price of the Bitcoin market is the banking crisis that's not yet over and the reason for the downtrend is that the bearish market is not over. If the banking crisis continues Bitcoin may experience an $80K price this year.

wrong mate , there are some who already left and you cannot prevent that from happening , I have met some that already gone in crypto market as some of them experienced bad losses from wrong decisioning and some have changed place of investment as they lose trust in this market while saying it is manipulated.
but indeed that bitcoin will have a long shot and can break ATH after ATH in the future.
I think you just misunderstood my statement. Investors not leaving the market is the reason why Bitcoin is still in existence those the left the market that you categorized as an investor are frankly not investors but naive people that join the market to seize the advantage of Bitcoin.
Ask yourself why would genuine Bitcoin investors leave the market just because of making a loss through wrong decisions.