Quote from: bitterguy28 on January 29, 2024, 07:23:45 AM

Quote from: Fundamentals Of on January 25, 2024, 01:42:40 AM

Although everything is possible in the Bitcoin market, I would like to believe that $33,000 is too far down below. There's currently a tug-of-war at $40,000. The price goes down to $39,000 or even $38,000 but $40,000 comes back immediately. It seems $40,000 doesn't give up, but once the price breaches $40,000, it will also be immediately rejected causing the price to once again fall to $39,000. This is exciting. But I'm confident this is temporary and as halving nears the price also rises.

Actually this is what others believed to happen specially when the price starts falling bellow 40k and yeah it fell down to 38k so some assume that it may drop down to 33k though you are correct that now that we have this level again then we are assuming this is bull again and we are on the right track.
now we are in 42k , I expect that 45k is coming anytime soon .

That is why I always emphasize that the Bitcoin prediction and the Bitcoin price is unpredictable desperate the analysis people rendered concerning cryptocurrency it is obvious that a bitcoin price cannot be accurately predicted because it is something that has to do with rising and falling or increasing and decreasing, so from my perspective bitcoin increment cannot be measurable can also not be predicted that correctly because the market interchange so that fact alone, will it make you to know the accurate measure to state concerning a bitcoin price.

So it is obvious that the price of Bitcoin for fluctuate and if it depend on its price being the current price you will not make a profit for it investment so in normal circumstances you have to know that what determine the market of Bitcoin is when the supply is of lower condition than the demand of the market, secondly the price of Bitcoin get accelerated when there is adequate adoption or massive adoption of cryptocurrency that help to speed up the price because there is more investors who come in to boost the market.

So never stand to say that the price of Bitcoin will continue to rise or when the price started falling it will continue to fall to the grassroots, the market of Bitcoin cannot be determined by anyone or predict accurately by anyone it is a market that this with a revolution so nobody knows the features and the characteristics of the market, it can rise today and Fall tomorrow morning that is the nature and the condition of Bitcoin.