Re: What do you think of the current bitcoin price recovery?

Quote from: Odusko on August 08, 2024, 10:44:23 PM

Alot have happened in the last two weeks and this have weaken alot of investors and twho may have not understood properly how the bitcoin market act at all time, and what have occurred in the market before now and how bitcoin managed to recover from such market dips, we saw that bitcoin dive down to around $52,000 in the last one week and that to me was a great opportunity to buy bitcoin at discounted prices for many who already understood the underlying condition with bitcoin and how possible it is for bitcoin to recover Also in the same diamention that it price drop also, current the price of bitcoin

which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
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?

We noticed that a lot of volatility was complete for the entire tie bitcoin market during the month of August. Early August saw a lot of dumping in the Bitcoin market which reached a 2024 low of 49,000. However, even though the market reached $49K, the current market has improved somewhat. At the moment the market is standing at 61 thousand dollars. But I don't think the market will reach $70,000 by this August. Many may have taken advantage of this dumping market. Those who have been able to exploit it are at a bit of a profit right now. However, even if the market is down at the moment, no one should panic about investing, surely the market will grow and it is expected to achieve a good position by 2024.