Post
Topic
Board Speculation
Re: Bull season started?
by
BlockchainWizard
on 30/10/2023, 15:25:10 UTC
...and that is the process of the price going even higher, BTC is now at a price of $34,274 which previously rose high to a price of $35,280 and the difference is not that big either. I and others also hope that the selling pressure will decrease and become smaller so that an upward reversal occurs quickly and the price rises to 40K in the near future.
Apart from expecting less selling pressure in the next two months, we also need to expect higher buying pressure in the next two months so that the Bitcoin price increase can continue to rise above the current price and head towards $40K. Because that is a more logical hope this year than too much hope for Bitcoin, apart from that we also need to hope that there will be encouragement from many investors who are specifically targeting Bitcoin for a more real price increase in the next two months.

In addition, the macro market must also be taken into account. And here things are not looking too promising at the moment. The tense geographical situation and the financial market currently tend to assume a declining market. But maybe this time it will be different and the market will take refuge in hard assets, including bitcoin.