Quote from: TravelMug on September 01, 2023, 01:39:56 PM

Quote from: Unbunplease on August 24, 2023, 11:21:04 PM

It is well known that the halving will occur in April 2024. If we look at history, usually around this period there is a final reset before a parabolic rise begins. I don't think the bitcoin price will drop below 23,000. There are no prerequisites for that yet.

It's just weird though that after this, the price did go on a recovery and bounce back to $27k which is good as we thought that the price is going down way below $25k. But right now we have another downturn? what gives? I know that the market is very volatile, but there could be some negative news that affected the price in the last 24 hours.

So let's see if the price will go to $23k as you have predicted, if yes then it's a good buying opportunity again.

Nothing is weird here but it's normal that Bitcoin is most of the times unpredictable and can move in any given direction. The less you expect it, the more it will happen. If you are not convinced, maybe what I will say to you will make you feel contented. Okay there is a bad news about Binance. It is said that it will stop minting BUSD and now remove the said stablecoins on their exchange.

I know it's not about BTC but it might have an in-direct effect to it like other negative news that we witnessed on the past. I don't expect that $23k will come so it might really come but I'm not alarmed with it. As you said, it's an opportunity (not a disadvantage.)