Quote from: Justbillywitt on Today at 06:46:18 PM

Quote from: LFC_Bitcoin on July 25, 2024, 06:09:17 PM

Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.

Well I will say that bitcoin quick recovered from the recent dip we saw earlier this month was because the investors we have right now, are very much more enlighten and aware about bitcoin investment and the manipulations that usually happens. As the years are going bye investors are getting smarter and being fully aware that bitcoin is a limited asset and shouldn't be discarded cheaply. So people are now holding firm and are not moved to dispose their assets irrespective of the negative news that might be affecting bitcoin temporarily. It is no longer the same as with the early investors who were always terrified whenever there is any negative news about bitcoin, that alway prompt them to start panic selling. I believe that investors holding firm to their bitcoin without the urge to sell was really instrumental to bitcoin quick recovery to it current price.

One of the things that led to the recent increase in the price of Bitcoin is because more investors are coming in to invest in Bitcoin and there has been some major inflow which resulted to increase in the market capitalization of Bitcoin so the demand is becoming high and so also the supply and the media is also a contributing factor because the news of Bitcoin is now becoming more noticed in social media platforms and other mediums through which the information of Bitcoin circulates across the globe.

Most people are well enlightened about Bitcoin now unlike the early investors that sold most of their hodling, majority of investors are now seeing the need to HODL their Bitcoin without selling or withdrawing so all this steps is what has aided the price of Bitcoin to experience some increase for about a week now.