Quote from: Woodie on Today at 01:00:14 PM

Quote from: kentrolla on March 29, 2024, 07:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

There is so much volatility going on at the moment where price keeps dancing between $64K & $66K thanks to the recent Bitcoin halving we had, and usually there is a tendance of price dipping then it consolidates most of the time... And after a couple of months later the effects of the halving take place...

So in a nutshell, price shouldn't dip below $60K for us to see a new All time high this year and once a psychological barrier is formed or rather a safety net we can now speculate about the 70K or maybe even $80K this year for sure as institutional money is the game changer..

Totally really that hard to guess or predict on where it would be going. The price is really that gradually climbing up again on 70k but we dont know if there would really be an another run when we do speak about correction.
The strongest support would be sitting around 58-59k on which if this one would really be having that breakout then we might be seeing 54 but well its really that hard to guess on where it would be ending up specially
now that halving is over and we do have been waiting up for that 150+ day post halving before bull run would really be kicking out. Actually there's no one would really be gonna knowing on where prices would really be going on which everything would really be that random.

This is why it would really be just that depending on you on how you would really be handling up yourself on such condition considering that volatility and randomness is something
that we cant really be able to bare out specially if we do lack that kind of patience and that perseverance.