Quote from: Distinctin on Today at 07:33:09 PM

Quote from: Webetcoins on May 21, 2024, 09:09:31 AM

The time cannot be known, we can only speculate or make predictions but the market is extremely unpredictable, it is at $66k today, it can drop back to $60k tomorrow if some FUD or bad news is circulating in the market because retail investors are very sensitive and a small bad news can make them panic and once they start selling out of panic, the market can see a decline once again.

In case nothing like that happens and the market stays positive, we will surely see a new all-time high very soon, it wouldn't even take a few months for that to happen if there is positivity in the market, but if we see another correction or decline, then it is going to take more time for Bitcoin to reach $73k or go above it.

I would agree to this. The market looks bullish at the moment, but if negative news affect the market again then expect that everything will be bearish again, which opens a new opportunity to DCA more of our favorite coins in the market.

However, we can only predict it or speculate when it comes to bitcoin’s future price, but everything still relies to how bitcoin moves in the market despite of its high volatility. The good thing is when we talk about volatility, it doesn’t only mean btc price suddenly going into dips, but it can surprise us with btc reaching new heights, that’s why this volatility really excites everyone here.

Trends can change very quickly at times like this, even whales are very easy to manipulate even just by bluffing. If a whale send million of dollars in bitcoin to a particular exchange, then we can easily predict where the price will move next even though the whale is not actually selling.

FUD most easily affects investors and traders, panic cannot be avoided, in fact it is very easy to happen when bitcoin is at its peak price. The action of taking profits together and carried out continuously will make the price fall, of course this is the thing to be most wary of when the price has reached its highest point for a certain time frame. However, you can still take advantage of the opportunity among other people's panic "if that happens", of course you can buy and accumulate bitcoin at a lower price.