Post
Topic
Board Speculation
Re: What do you think of the current bitcoin price recovery?
by
erep
on 11/08/2024, 10:32:00 UTC
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
its hard to expect such price because itlooks like the price is still  up and down.

after dumping bitcoin Hit 62k again but suddenly pausing at 60k and up to now this is the price we are seeing.
The current price is also not too far from $62K which could be a sign that everyone can still expect $70K price back in Bitcoin this month as it is not too far to expect even though we have all seen how the price started to sideways a bit at $61K level as it is now. But that does not mean that everyone should not expect such a high price as considering the expected amount is also quite reasonable and not too big although we might still need some time to see it back in Bitcoin this month.
The significant recovery indicates the potential for bitcoin to reach $70k this month but we have to analyze bitcoin's movements in the next few weeks to ensure bitcoin can reach ATH soon, based on reviewing the current market recovery there is little chance that bitcoin will fall back to the correction price of $55k due to market enthusiasm indicates a significant increase in the future, if the market can reach a new ATH then the crypto market has made a new history of reaching ATH twice in the same year, we hope that the speculation will come true and we will look forward to the prediction being realized soon.