Post
Topic
Board Speculation
Re: Bitcoin way forward - Towards $100k or $50k
by
AnonBitCoiner
on 01/05/2024, 10:07:37 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. 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.

When the price hit 73k$ then everyone was happy and was assuming that the price would hit 100k$ but now it seems that price will take time to hit 100k$ and is not an easy achievement. People are making mistakes that when they see regular pumping then they start to invest more and more but they don't remember that such a pump can also stop immediately.

Price movement is unpredictable but after halving it does not change a lot and persists at 63k$ for longer time so I think instead of going down it will pump and will steadily move towards 100k$ with a little bit of dumping price.