Post
Topic
Board Speculation (Altcoins)
Re: Altcoins may suffer
by
doomloop
on 19/01/2025, 17:54:45 UTC
In my personal opinion, it is very difficult for Bitcoin to reach that price level, it's not impossible, it's just that currently Bitcoin is in very good condition, a lot of positive news related to Bitcoin from various countries, especially countries that want to adopt Bitcoin as a reserve asset (plan), but if you say the possibility that Bitcoin will correct to $86k it still sounds possible, but if it reaches $50k-$60k it is not a correction anymore,
I think saying very difficult is a bit exage. I mean we aren't talking about $10k here and one single bear market might get us already there. Speaking of the bear, it can also occur unexpectedly. Have you heard the phrase calm before the storm? You can just picture that out. Also I won't say BTC is in a very good condition now, in fact it was still on a decline. A fall from the current price to $86k seems also not a correction but you are right that a fall below it is not a correction as well. They are now called as a bear market.

but the trend has changed and may have entered the Bearish phase.
Earlier, you are so positive. What happened? Have you changed your mind now? Hhmm... The trend is still the same as last year and if I were to choose between bears and bulls, I think I'm still with the bulls.