Quote from: South Park on April 26, 2023, 08:49:05 PM

Quote from: lixer on April 25, 2023, 06:23:30 PM

Quote from: aryana42 on April 24, 2023, 03:17:08 PM

Do you have any analysis or data to prove that what you say is possible, or are you just sharing your thoughts and that's what you want to happen? I don't see any signs that bitcoin will end its correction any time soon and the price will rise to $35k in 2-3 weeks. Bitcoin is still unpredictable, and what we can do is hope.

I'll probably back you up on that, the unpredictability of the market doesn't show any signs that the price will grow significantly within a couple of weeks since we can see that we are still in the correction phase, though the price is quite stable at around $27k, that doesn't mean that the correction is done and the price will go up from here.

I'm expecting a lower price from the correction honestly and that is the reason why I don't think that we are done yet. It will probably go below $25k at least, though I want it to go lower so that there is a better buying window.

The price is showing signs of great instability, after reaching 27k the price recovered and for a short period of time we were above 30k, but then in the span of one hour the price went below 28k, to me these are conditions in which it is not advisable to trade at all as the market is too unstable, and someone using leverage could probably be destroyed as the changes are so fast that if you did not used a stop loss you could lose everything if you got distracted during a few minutes.

Over the past 7 days, Bitcoin price has fallen by about 4.9 percent and continuing since the beginning of May. We found downtrend in the last 24 hours as well. If this trend continues then $25K could be a major support zone. The month of May has just started and we will be able to predict where the market will go depending on the movement of Bitcoin in the second week. But I wouldn't worry with a little correction. This price may be recovered again with in this month.