Quote from: Strongkored on August 27, 2024, 01:13:22 AM

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

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?

In fact, I haven't really followed Bitcoin price movements since the end of July, only checked occasionally and it was quite surprising to see the price go below $55,000. Panic certainly created, but is that a good opportunity to buy? I think it depends entirely on their financial ability and knowledge about Bitcoin, believers and having a lot of money is an opportunity but there is also definitely the opposite. Now it's the end of August, $70,000 doesn't seem to have happened yet so my speculation is that it will only happen next month and the price will only be around like today in this month and next month maybe something better will happen to Bitcoin

Now I believe that bitcoin is still a bit far from achieving $70,000 price in the month of August as all attempts to go close to that 70,000 bitcoin price have failed severally and for that reason we need more time and patience to be able to look forward to that price in the coming months, this month of August is already ending and for sure bitcoin is at a correction level right now being currently around 58,000 to 59,000 without any big stability toove above that and even the 65,000 attempts within the last week all failed to be achieved, and I think that this is the best time to buy more bitcoin if there is some cash reserves for that, most of those that DCA are currently accumulating more bitcoin and getting ready to offload they bag load when the price of bitcoin will reach that high in the coming months.

Between that on a general note, bitcoin have Indeed made some significant positive response to the market forces since the price have resisted alot of attempts to be forced downward on several occasions, even though our speculations of going all the way to 70k have failed, we shouldn't failed to acknowledge that fact that bitcoin have make alot of remarkable resistance severally when the price wanted to pull below 55k in the past few days

And if I may forcast the month ahead, I will say that it is going to be filled with more positive price movements, and whatever bitcoin have failed to achieve on the month of August will be corrected in the coming month and if care is not taken, bitcoin could go above teb extimate price of 70,000 in September.