I am Seeing Bitcoin Market is Not good Its Correction every Time
It can Hit $25000 ?
There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.
Yeah, its up to what the market price will go, there could be others who want the price to tank and go down to $25k and then they can buy more. And then there is this group that we wanted to see the price rising again to at least $30k-$31k. So there are two forces trying to pull each other out and see who is going to win. But for me, the only chance that we can go back down to $25k or lower is that we see another negative news.
But so far market is stable, no more FUD and if there are, it will settle down in the next 2-3 days and then price bouncing back. So I wouldn't be surprised if market will just move sideways for now but then at the start of August it will be bullish again.