Post
Topic
Board Speculation
Re: Bitcoin Closing in on 60k, Again!
by
Falconer
on 23/03/2024, 18:50:22 UTC
-snip-
We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH.
While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader.

So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving.