Post
Topic
Board Speculation
Re: This year is dumping ground for bitcoin
by
dragonvslinux
on 27/06/2023, 18:08:40 UTC
All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now.

I'm not sure how you can really make this regard based on % increase. Bitcoin has increased almost 100% from the lows to the recent highs. Obviously if we consider the recovery so far from the correction from $69K to $15.5K it remains minimal, as price hasn't even recovered half of those losses yet, but otherwise this should be taken as a signal that the recovery can continue much further than it currently has.

Even with the current economic environment the stock market has overall recovered most of it's 2022 losses, so if Bitcoin were to do the same, price would be around $40K to $50K which isn't out of the question.