Post
Topic
Board Speculation
Re: Road to 100k?
by
_BlackStar
on 26/03/2024, 21:33:12 UTC
-snip-
there are still 5 days before the month ends so expecting 80k isn't late and look at the recovery now? bitcoin once again reached 70k and above and with this movement continues to happen? then chances is always there . though I doubt about 100k to be in the table at least this 2nd quarter .
Opportunities are always there along the way - but to reach prices as high as $80K in March, all it takes is high demand. I also noticed the market has tried to recover above $70K - but lo and behold, there is always selling pressure making it difficult for the market to maintain bitcoin prices above that level.

As the halving approaches - the market may be in for a surprise. I'm confident about the possibility of surging demand while not ignoring rising supply - so the potential for a correction cannot be completely ignored. Thank goodness the price was able to stay above $70K at the end of March - but it wouldn't be a big surprise if the price dropped to meet a new support level in early to mid April.