Post
Topic
Board Speculation
Re: Bitcoin is the only currency that has grown the most!!
by
Essential10
on 25/01/2024, 02:52:51 UTC
Look at the movement of the market now month after you posted this thread https://coinmarketcap.com/  that will show you that Bitcoin maybe acting best last december but not this near ender of January as all of the cryptocurrencies leaded by bitcoin is dumping badly.
strongly holds 40k position for the past couple of months but now suffers in huge dumping since yesterday.and also it did not cross 50k because after the Spot ETF approval the price grows up to 49k but thats it , starts to fall again.
Bitcoin price will go up and down in the crypto currency market it is a normal phenomenon I think there is nothing to be impatient about it. We saw that the price of Bitcoin surged surprisingly after the announcement of the approval of the Bitcoin Spot ETF and the price of Bitcoin reached around $49000.

Seeing the increase in the price of Bitcoin, many people thought that Bitcoin might cross 70 or 80 thousand dollars before the Bitcoin Halving but instead of increasing from there Bitcoin started to decrease. Bitcoin fell below $39000 but today the price of Bitcoin rose slightly and touched $40000.
This is a common pattern in the cryptocurrency market, where prices often fluctuate in the short-term. I have noticed that the long-term trend for Bitcoin has seen the Bitcoin price rise despite these short-term corrections. A few days ago the price started to rise before the Bitcoin ETF became available and the price of Bitcoin started to fall a day or two after the approval. I never thought Bitcoin would go above $70K before the halving. I thought  if ETF approved  would go above $50k but before it got there Bitcoin started to take a correction. Halving doesn't have much time left and may now make frequent short-term ups and downs.  Hopefully after the halving Bitcoin will start a run to reach its ATH.