Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Xcode7
on 21/07/2024, 09:11:45 UTC
⭐ Merited by JayJuanGee (1)
I think more time to accumulate will occur this year though it seems we wont be going back to the lows of the year, thats been rejected a few times.  I do think it takes some time to get past 70k and properly move beyond.   The real time to buy was either in the teens or when we were rising from there, it required more confidence to do so.   Right now we've been stuck in a range for 6 months, most tempting thing is to buy the lows of that range and sell the highs hence it repeats.
No one knows when that will happen, we can see the movements that have occurred in the last few months, even though there is a correction, there is always an opposite movement that is able to recover it quickly, as happened in the near future and now we are in a positive trend that also doesn't know at what point it will stop.
If this positive movement continues throughout this year then I am quite optimistic that we will see prices getting higher.