Post
Topic
Board Speculation
Re: This bull run is different...
by
lizarder
on 29/10/2024, 13:36:13 UTC
Before this month is even over, I think you should consider bitcoin could hit $70k again. Bitcoin is not too far away from the previous ATH at this time, of course you need to look at the price now because we are very close. Today bitcoin experienced a price jump of several percent, $69.6k was the highest price on 1 Hour TF, meanwhile $70k seemed like within reach.

Many people's optimism about a new ATH this year may have some basis, but prices are always difficult to predict. The US election could possibly have a negative or positive impact on the crypto industry, that's because there are two different candidates, one of which doesn't really support this industry. Yes, Kamala Haris is what I mean.
Price prediction is not easy because the market can change so quickly and today bitcoin reached the price as you said and it seems that we will see market conditions getting better for the next few days. There are always events that make bitcoin prices go up and down, now the US election can trigger a price movement up or down. But I see a positive direction for bitcoin in the next few months although sometimes we will also see a correction again.

Kamala Harris' victory could make bitcoin corrected because she does not support bitcoin's steps but the impact will be very positive when Trump wins the contest. There is always something that happens even though the level of accuracy is not guaranteed to happen for sure and that's how the market conditions work.