Quote from: wilkine on Today at 06:13:33 AM

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

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.

In the short term, a price above $2.58 might signal a trend reversal, while surpassing $2.65 could indicate a rebound. But until Bitcoin shows significant strength, rebounds may be brief.

Ethereum has its challenges, with low trading volumes and the recent hacking of founder Vitalik Buterin's Twitter account affecting its reputation. Short-term market stagnation is possible.

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

For future trends, caution is advised. Bitcoin may rebound in October, but September is uncertain. The purchasing power of $1 has changed since 2021, making funds cautious. Altcoins' response to Bitcoin's rebound and their gains should be approached carefully. In the short term, risk awareness is vital.

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

I mean I wouldn't really be surprised if the market price even dropped to 20,000 I mean for the most part there wasn't really something yet that could trigger the market price to a Bull Run, for the market to increase and probably go to a Bull Run. For sure at this time this market price is still a good position for the market price to skyrocket in the coming months, bullish or bearish it's still Bitcoin and cryptocurrency is obviously a risky investment because of the volatile market we can really be sure of anything on cryptocurrency that is why it is so risky because in the coming months, it is always possible that the market price of Bitcoin could drop and that is just normal to get bearish or bullish.

I am pretty sure that there will be movements in the coming months probably at the end of the year this December until next year If we are just going to compare this to the past movement of Bitcoin, there is always a big spike when the Bitcoin halving is near so probably there will be a spike again but it doesnt really matter personally because I just HODL my Bitcoin until I think that the market price is already fair to sell.