Post
Topic
Board Speculation
Re: Will BTC go back to $40K - $30K range before a bigger rally?
by
GigaBit
on 26/05/2024, 16:20:12 UTC
So can we expect a major correction or it's going to go up again and reach $80K before halving?
After a bullish trend the Bitcoin price may turn slightly downwards which we call a price correction. But that correction must be within a range. If it goes down further from the current bitcoin price I would expect it to go down to 50K but if someone expects more than that I would disagree. Because the market is not yet completely bullish. As we expect to be bullish at this point there is no chance of going that dip at that point. If one waits to buy then one must buy bitcoins between 60k and 70k. This is definitely not the time for those envisioning a major dip. When it comes to Bitcoin price speculation, there is no point in speculating what you want but we should not do any speculation that is not realistic.