Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin: Bullish or Bearish
by
Dunamisx
on 12/09/2023, 09:20:39 UTC
Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

Bitcoin Spiral clock


source

We can look at the progress of bitcoin over the years with respect to the price and every occasions of halving from the past, also compare the blocks reward and blocks mined to the one left, when we sum up everything all together, we can see that bitcoin dip is not enough to raise a resistant allover the network protocols and past achievements, bitcoin is a digital currency that will always rise whenever it falls, there are more than enough evidence to proof this, in most instances, the bear market may linger just to unveil the intended bull market, everything we might be passing through by now could only be to the preparedness against the forthcoming bullrun for as many as possible to invest and hodl.