Quote from: Distinctin on July 29, 2023, 09:54:43 PM

Quote from: Sandra99 on July 24, 2023, 06:25:48 PM

I am Seeing Bitcoin Market is Not good Its Correction every Time
It can Hit $25000 ?

Bitcoin is highly volatile so you can’t set its price and expect a consistent price surges most of the time. And as long as bitcoin remains volatile, there will be constant price correction which makes it to move bullish or bearish depending on the current position of the market.

The only thing I can see for bitcoin price not to fall so deeply but stay in an impressive price, is to maximize buying bitcoin so that it’s demand will increase, making its supply low and limited, hence making its price more costly and expensive.

The halving event is probably what you are talking about, that's the only way the supply or the circulating supply can become slower and that will surely help the price go up since the demand will keep increasing and if the tokens coming into circulation start getting lower, that will surely have some impact on the price in the long run. So even though we can't predict the price accurately or precisely, we can say that the price of Bitcoin will eventually go up.

For the short term, we can expect dips happening every now and then, and currently as we saw, Bitcoin's price was struggling to go above $31k even after trying so much, which shows that there isn't much buying pressure on the market which is why it was struggling to go up, so we can expect small dips from here.