Post
Topic
Board Speculation
Re: Will BTC go above $30,000?
by
Wiwo
on 06/09/2023, 15:41:04 UTC
Slowly price have dropped from the range of $29k when the expectation was to cross $30k and reach the new barrier of $35k. The regular fall in the price have made the price go close to $25k. Inbetween there happened small recovery and there is big expectation it as the beginning of bullish movement. Further once again giving short term profiting the market once again started to drop. I don't think the recovery will happen at the shortest. For now my expectation is connected with the upcoming halving.

The price is some how difficult to know if the will move back to $29k at this point in time because there seems to be no sign of it bumping at the moment.
Investors are not finding it funny at all, new month and another expectation. $25k for almost 3 weeks without it rising to $29k. To me if it gets to $29k I believe it won't go back to $25k and that will be the last time we'll get to see $25k.
The frequent volatility in Bitcoin market is what have lead to some many dissatisfaction to investors mostly those that have already speculated and bought into the market for the short term reasons,  this have become the reality and we had to face it,  when the price of Bitcoin was around 30k,  we all speculated possible both way market movement,  such that anyone buying at that point should be prepared to hold Bitcoin for the long term to be able to take proper advantage of the market.

Making a short-term market speculation could lead to very devastating results such as we have at the moment,  Bitcoin will recover back to 30k but when that will be,  no one can specifically speculate.