Quote from: Woodie on July 10, 2024, 01:22:11 PM

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?

Comeon, we are just mid year and already conceding that price can't break a 60K barrier we just left psssh Roll Eyes

Look at it from this angle, external factors are influencing how current markets move, elections and political influence, mtgox anticipated payback, and generally the fear factor into the markets has caused a high bearish sentiment at the moment...but being human's we easily forget and it only takes one major positive news and markets will be in the green....so for 2024 I expect markets to close strong and above the 60K that's looking like a psychological barrier for the time being...

I agree that even with one small tiny good news, we could skyrocket again, everyone is waiting for that to happen and the wall above isn't strong so going up will be quite easy, we can do it and there is a good chance for it. I think it's quite possible for us to have something better, we just need to make it work one way or another. I know that life isn't simple, and I know that we are going to end up with something much harder, we just need to make sure that we can do it.

Waiting for the price to go up is nerve wrecking when you see it go down like this, many people get scared and sell, that fear is the reason why we should buy because when others are fearing, that means it's at a great price to purchase, then we wait until it goes up again, which it will eventually one day.