Post
Topic
Board Bitcoin Discussion
Re: Bitcoin dumped to $89k then pumped to $97k the next day - the reason why
by
UmerIdrees
on 30/01/2025, 05:56:28 UTC

Thus more and more companies are starting to involve their portfolios in bitcoin investments and most of them argue to protect the value of their assets because talking about inflation that could possibly get out of control at any time so it does not affect the company's financial value indirectly.

The overall macro prospective for Bitcoin is very positive and with the Bitcoin strategic reserves and other countries following it we cannot imagine how high the price of Bitcoin will be in the next few months and years.

However this is not that we will move up straight and they will be lot of ups and downs. Talking about the current price action for Bitcoin,  the prices ranging from 89k to 106k and this has been a range bound market for quite sometime now. This range can break at either side, either we will see all time high again or we may see another pull back before going to all time high.