Quote from: WatChe on Today at 07:16:56 PM

Quote from: Nrcewker on July 26, 2023, 04:15:27 PM

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.

Its not the first time we are hearing such predictions about future price of Bitcoin. Whenever bitcoin takes a dip or its price goes down for any reason such predictions start coming. Bitcoin price has just taken a small correction and is still trading above 29k. There are not much chances of Bitcoin going below 29k$ (though anything can happen with Bitcoin price) and even if it goes to 25k then its a good opportunity to grab bitcoin at discounted price.

you can't escape from all these speculations because we know a lot of people are hoping for the high profits in this market.