Post
Topic
Board Speculation
Re: Whales are accumulating bitcoin
by
Yaunfitda
on 02/11/2024, 13:12:01 UTC
We've got some movement and almost hit a new all time high, but currently, it's sitting just below the $70k region. And we end up October with a big increased, and when we thought that it's going to be bad, it rose 11%, so that is really good to ending for us.

But yeah, maybe at the start of the November and the next coming 6 months, we could be seeing a massive pump again. The election is coming and so I'm expecting that we should be getting near all time high prices again or even established a new one and then it will go slowly increasing like every month and reach 6 figures.
I was quite surprised to be honest, I wasn't expecting such a price increase in November, I was anticipating that Bitcoin would follow its previous, relatively stable trend, but generally, it has been proven that the market is unpredictable. The upcoming elections might make the difference, whether that's positive or negative, we'll see in a few days, and perhaps we then can predict with higher accuracy what's going to happen in the upcoming months. Provided things continue as they are, I believe it's inevitable to see a new ATH of over $75,000 anytime soon, in 2025.
You can put it that way, regardless of the result of the US election, Bitcoin will have not choice but to go on a bull run this 2024 to 2025. We've known that the market is very unpredictable, even if you see at the price prediction games here, there are those who join the contest that I think might win, but in the matter of just 48 hours the prices changes and so there is a new set of winners.

So this trend could be the same, very volatile and yet sooner or later there could be a big price rise, a parabolic increase and then the next thing we know, the price is already at the $100k price range. So 6 months, or in a year, we could achieved that price.