Quote from: Essential10 on Today at 06:57:56 PM

Quote from: Mehedi72 on May 26, 2024, 11:13:54 PM

It was supposed to be but not happened anything lol. Bitcoin didn't give its investor another change to buy it from dip. And Bitcoin do oump rather then dump. Although it was down below $60k but that too much high if you compare it with expected price of $30k to $40k. Maybe That's because after ETFs approval, big companies keep buying Bitcoin and they tried their best to keep buying Bitcoin for have control on it. And we can see still Bitcoin is so high.

Many people predicted the direction of Bitcoin's momentum but it ended up being the opposite. Since the ETF approval in January, Bitcoin has been on the rise since it crossed $73k. There was even speculation surrounding the Bitcoin halving, with many thinking it would lead to a major correction that could range from $40k to $30k. Even the price of Bitcoin has been down for a weeks and the price is coming back to the next weeks, I don't think Bitcoin is ready to go down any further.

Personally, I don't see Bitcoin going back to $30K to $40K. Even with the last correction, I think the minimum price was around $58-59K. The spot Bitcoin ETF approval brought a massive impact to Bitcoin price which even reduced the anticipation of halving. Sometime last two weeks, we also experience a surge that was close to the ATH, I think around $71-$72K if I remember correctly. I see predictions as just ways of using previous events for future analysis. The ETF approval has already change how things work, which makes some predictions wrong.