⭐ Merited by YUriy1991 (1)
if we can see the broader outlook of the current situation of BTC i think we can pretty much make prediction on how the market will turns out, for example if there were news of some entity tries to dump their bitcoin holdings into the market, we can be sure that there will be negative sentment and the market might turn bearish.
so I think we can somewhat take a peek into what gonna be happening, but doesn't necessarily means we gonna be right, for me though I think since mt gox dumping and jumper has dumped their ETH and currently BTC is having few days of good inflows added with accumulation of institutional investors, I think $80k is possible. although undeniably there were times of outflow as well.
That is absolutely true but regardless of what happens for the reasons you mentioned but I am sure that the reversal will happen shortly after that as it has happened in the last few months and even happened repeatedly when there is a fast and significant movement it will reverse back to the way it was which means if we look at it as a whole there is no significant change. For the remaining few months of this year I also think so and even if we look at what happened in the past it is quite possible that we could see a price of $80k as you mentioned, I am quite optimistic about that myself.so I think we can somewhat take a peek into what gonna be happening, but doesn't necessarily means we gonna be right, for me though I think since mt gox dumping and jumper has dumped their ETH and currently BTC is having few days of good inflows added with accumulation of institutional investors, I think $80k is possible. although undeniably there were times of outflow as well.