Post
Topic
Board Speculation
Re: Bitcoin breaks 2021 ATH and hits $71k!
by
maydna
on 25/05/2024, 13:17:40 UTC
I'm sure the price of bitcoin at that time rose because it was getting closer to the halving. However, this happiness was suppressed because after the halving started, the Bitcoin price tended to stabilize. Bitcoin price increases were more aggressive when the halving approached than when the halving started. So far since the halving started the Bitcoin price has not shown a significant price increase because the Butcoin price is stable between $60k-$70k. Let's see in the next few weeks market conditions will remain the same or there will be changes.
It is no problem if Bitcoin is not increase now because Bitcoin will gets higher when the time is comes. You should have patient and wait for that time because we will see many correction before the price reach the higher price or even reach new ATH. Bitcoin already reached temporary higher ATH but that doesn't mean that price will not increase because many people predicted that Bitcoin can be more than $100k. Although we don't knows when Bitcoin price will rise, we don't have panic if the price gets more correction because Bitcoin will be like that. Hopefully, there will be a change in the next month so we can see an increase of the price.