Post
Topic
Board Bitcoin Discussion
Re: Bitcoin slides below $59k
by
2Pizza410000BTC
on 16/08/2024, 05:19:25 UTC

The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week.

https://news.bitcoin.com/market-mayhem-bitcoin-crashes-below-59k-223m-in-liquidations-as-south-koreas-premium-spikes/

if bitcoin keeps having these type of "corrections" i don't see how it ever is going to reach $1 million. or even $100,000.
Yes, it's true that far from going up, the way the Bitcoin market has started to go down is down. If it goes down more than it goes up, it will look like Bitcoin is below 50,000 at one point. Many may say that by 2024 the price of Bitcoin will be 100 thousand dollars, but if it goes down like this, how is it possible for the Bitcoin market to reach 100 thousand dollars in 2024? If you think a little deeper it is also possible that the Bitcoin market does not take long to grow and within a short period of time the Bitcoin market can grow and cross the maximum. Because we've seen in the past when Bitcoin grows, it can grow very quickly in a short period of time. So let's see how the Bitcoin market can shape up in these few months as we still have a few months to go before the end of 2024.