Post
Topic
Board Speculation
Re: Bitcoin way forward - Towards $100k or $50k
by
Nanga Parbat
on 29/04/2024, 08:21:36 UTC
Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase.
Everyone was expecting Bitcoin to hit 100k after the halving, but that doesn't seem to be happening.As before halving the price if Bitcoin went up very quickly and if Bitcoin had made its strong resistance at 73k it might have seen going to 100k .

Quote
Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.
And currently the price of Bitcoin is trading at 63k to 62k . Looking at there this acceleration  there is no possiblity of Bitcoin going up , but the chance of going down are high. If you look fundamentally there is no bed news so far that makes us think that Bitcoin and nation will go because if you look at the price of Ethereum it has formed its strong resistance , Bitcoin and Ethereum have their own movement  but from their price we can make a little guess.