Post
Topic
Board Bitcoin Discussion
Re: Are we in a crypto bubble? Is a possible correction coming soon?
by
LogitechMouse
on 29/02/2024, 02:31:58 UTC
~
How far do you think the price will go now that it has broken through resistance levels?
As high as $100,000. Seriously, we will at some point reach that price. It's only a matter of when it will be reached.

People now are getting FOMO'ed just because they saw Bitcoin surpassing the $60,000 price. Just a few hours ago, the price of Bitcoin went down from around $65,000 to nearly $58,000 just because of the news related to Coinbase. Now the price of Bitcoin is sitting at $61,000 by the time I'm posting this. It seems like $60,000 is acting as a support now.

Are we in a crypto bubble? It's hard to answer that because we have different perspectives on what's happening currently. I can say that we aren't because people have just got FOMO'ed hence, we're seeing a huge price increase. Some can say that we are. Will there be a correction? Definitely. The price movement of Bitcoin doesn't go in a straight line, and there will be times when it will kind of rough, but with what's happening, we are seeing higher lows which is a good sign for Bitcoin. Higher lows followed by the event, and the FOMO. A good time to sell I guess? Cheesy