Quote from: Cyber_warrior on Today at 04:56:46 AM

Quote from: Inior on February 13, 2024, 09:19:53 PM

Good evening my people, I was just wondering this evening on what will be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k, indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward trajectory move Continue to take bitcoin to the moon in the near future, or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

I was not surprise to see bitcoin at $50k, I expected it, but it came earlier than expected. As we just experienced a pump in bitcoin price, let’s see a correction to happen in the market( A correction, and not a dump), because lots of people do miss understand correction and dump, so after the correction, I expect bitcoin to bounce back to $50k zone, then after some weeks, then bitcoin should be able to head to $59k-$60k zone, this is just my suggestion, and as we know that nobody is sure about the price which bitcoin will be going at a particular period of time, so when trading, we have to be cautious, and if you are planning to buy and hold, then you can keep on accumulating.

thanks for your contribution on this matter, yea that's true we should anticipate a correction in price that may enable bitcoin rise further above the previous resistance zone