Post
Topic
Board Speculation
Merits 1 from 1 user
Re: another ATH , 71k and still climbing.
by
rodskee
on 29/05/2024, 11:16:02 UTC
⭐ Merited by Yaunfitda (1)
are we  going to see 75k this time? because bitcoin is in the 3rd time this month breaks ATH https://coinmarketcap.com/currencies/bitcoin/  the unusual occasion that we have seen since its creation .

HODL guys , keep holding .

Any reason for this Pump now?

     What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and
 was forced to break the previous ATH, and when the previous one was broken and there was a new ATH,
then there started to be a correction for more than two months.

sounds close but not completely right , because the pump now is not forced but the effect of the halving and the ETF so market act crazy nowadays  and correction will keep happening because this is a normal after having some growth.

Quote
    And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.
who has target? who are THEY? if you are talking about investors then it is not their target but instead
market will act depending on how the investors support this.