Post
Topic
Board Bitcoin Discussion
Re: Bitcoin slides below $59k
by
Franctoshi
on 19/08/2024, 19:53:41 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.

1BTC = 1BTC, if you are holding Bitcoin for a long term period ,there's no need to panic at themoment, however for a short term hodlers of Bitcoin who is skeptical about the current market situation, well after that Bitcoin dip down to $58k,  where the price failed to close below $53k price level on the daily time frame perspective, I believe Bitcoin is preparing to go mitigate the $53k zone once again before its continuation of the price to the up side, or a further price decline.