Re: The Bitcoin market is back on track

Quote from: Rigon on Today at 02:29:37 PM

Quote from: Patrol69 on Today at 01:52:14 PM

2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Bitcoin market all-time high is $69,000. But in 2023, $31000 is the maximum. It is not possible for Bitcoin to go from $31k to $100k. Bitcoin won't reach $100k as easily as we think. Here we have to see a lot of volatility in the market for Bitcoin to reach $100k. Maybe by 2023 Bitcoin can take position between $40k to $50k dollars. But such market volatility can be good or bad. But we do not accept that this instability will lead to good. But we have to remember that we have to move forward with this instability of the market.

I don't really agree with saying that currently bitcoin volatility is bad because looking at the conditions, especially for 2023, it's clear that Bitcoin is still very good with their significant increase and it shows.
On the other hand, the correction now is actually quite good because indeed when they tried to go higher than the previous price for $ 31k a few weeks ago, it was clear that they needed another bounce for that, so indeed the temporary correction has been very good for them.

We don't need to worry too much about it because sooner or later they will continue to improve and this could become possibility for bitcoin.