Post
Topic
Board Speculation
Re: Bitcoin way forward - Towards $100k or $50k
by
bitgolden
on 07/05/2024, 12:22:04 UTC
It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.
I do agree that it's a risky period and trading right now is not easy, those are all very well established stuff and I am sure that we are going to do better. What I think we will need is the fact that we are going to end up with a good result that will not be too simple, we just need to make sure that we know what we are doing before we get to do any of this.

It is not a simple situation, but if we can do it then we are going to manage to make as much profit from crypto as we can, only thing we need is time and patience, if we can wait for it then we are going to be able to make some good profit from it as well. I personally hope that things will go better, and could end up with something much more profitable in the end as well.