Post
Topic
Board Speculation
Re: Will BTC go back to $40K - $30K range before a bigger rally?
by
moneystery
on 29/05/2024, 02:01:03 UTC
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.

if bitcoin corrects to 50k it is a pretty deep correction and only truly shocking news could possibly make this come true. because in my estimation, the normal correction that might occur will only reduce bitcoin to 60k-57k and that is already quite severe, further corrections will probably have a very significant impact not only on the bitcoin market but also the crypto market as a whole.