Quote from: bettercrypto on Today at 10:24:55 AM

Quote from: pakhitheboss on December 05, 2024, 01:20:53 PM

The new President of the USA recently posted the following statement on his own social media account known as Truth Social.

It seems he is very much invested in Bitcoin, and this could trigger another bull run. News of him winning the election has already triggered a surge in Bitcoin's price. As a Bitcoin holder, I believe that a new rally is coming, and I anticipate that the price of Bitcoin will surpass $150,000 before the end of 2024.

We've already seen how Bitcoin reached several new all-time highs as soon as the news broke out of the new President of the United States. The counting of votes is still going on in several states but the majority that he got suggests he is the new President of the USA. I am considering Trump as the new President of the US, who has the power to promote Bitcoin and make it a new option to USD.

Do you think in the same way as me?

Nope, I don't think the same way like you do op. Although, I believe that bitcoin will reach the price value of $150,000 but not this month before the end of 2024.
The size of the retracement that I see this month, and it just tried to reach the price of $100k, is obvious, and after reaching $100k, the speed at which the market retracement occurred in its price was also evident.

And now it is in a range, moving between support and resistance, so if it exceeds resistance, there will be an uptrend and if support is broken or broken, there will be a downtrend.

I don't see the reasons for it to break out to 120k-150k yet, but it will happen.
The BTC DOM is still strong and steady, and we are yet to see the bullrun at its fullest potential.
But probably in 2025. The sentiment is strong, but maybe the barrier in the heads of the people and the market will be too strong to breach it till the end of 2024.