Post
Topic
Board Speculation
Re: Less than 300 days left to halving - price predictions for The Day?
by
Silberman
on 11/07/2023, 18:48:58 UTC
Definitely, the price will completely depend on how Bitcoins perform this year. If Bitcoins manage to cross 50k by the end of this year, then there is a high probability that we will see 100k USD touched by bitcoins. But everything depends on the demand for Bitcoins. If the demand to acquire Bitcoins increases with time, then achieving a 50k USD price for Bitcoins will be very easy. On the other hand, if demand falls and some bad events occur, like the recent SEC lawsuit, then the price will definitely go down. So let’s hope for the best.
It will take us some time before we reach those levels again, and I think this would be the case as I doubt whales want to push the price of bitcoin up so early and limit their ability to get bitcoin for a cheap price for such a long period of time, it is way more likely the price will remain close to the current levels and the whales take advantage of this price and buy all the bitcoin they can, and in fact it would not surprise if they tried to make the price to go down a little bit to buy bitcoin for an even cheaper price.