Quote from: JeffBrad12 on Today at 07:24:22 AM

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Quote from: xiaobu12345 on July 09, 2024, 07:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

Last June the price of Bitcoin was around $70k, but since this July, the price of Bitcoin has started dumping. Maybe it's market dumping due to government of different countries German and USA government selling Bitcoin. Because they are in a hurry to escape from Dev, very soon the Bitcoin market will cross 60 and it is more likely to reach the peak.

I think 60k is imminent, bitocoin already breaking Bear Penant and is readying to break through the $60k marks but the big question is, will the mt gox dumping be of concern for the bitcoin market?
we so far don't really know how the distribution of BTC gonna be with mt gox I mean there are some info here and there but really nothing sure until mt gox actually do the deeds down the line.
however, if bitcoin could breakthrough $60k and is still having pump and close above $63k I believe it will be good bullrun waiting for us.

I tried searching for the latest news about Mt.gox but there was nothing new, however some news said that the German government is still selling their bitcoins. But looking at the market, we can see that bitcoin is gradually recovering even though the German government is still selling bitcoin. I think after a few days of correction, it seems like the market has absorbed all the negative news and no longer cares about this news. So even if news about Mt.gox spreads again, it won't affect us much anymore, people gradually become immune to this series of news.