Quote from: BADecker on February 07, 2025, 11:03:12 PM

Maybe at $10k. Or maybe $5k. Or maybe $3k. But it definitely WILL go back up. Right now it is tied up in the Trump vs. Deep State conflicts.

You think the conflict between Trump and the Deep state is the cause of the decline in the price of Bitcoin, sorry i disagree, it is only one of them, and does not have a significant impact, but if you say Trump policy on cryptocurrency affects the price of Bitcoin, yes i agree, it looks more dominant.

In reality, there are many factors that affect the price of Bitcoin, if you look at the fundamentals there are global economic factors, inflation, investor sentiment, ETC.

Quote from: pooya87 on Today at 05:22:22 AM

If we check the past 15-16 years of market history, we see the same thing happen over and over. Price goes up 40%-60% fast or moderately fast then as it runs out of "steam" it stops and there is a correction where price comes down a little like 5% or 10% or sometimes even bigger 30%. Then we enter accumulation phase before the rise begins again.
See charts to see this pattern for yourself.

Price went from $70k to $110k in ~3 months and as it ran out of juice it stopped and corrected a little down to $95k. It doesn't really need some fancy reason to do it...

I agree with you, the price may not always rise, there must always be a phase where the price corrects, it is a normal thing.

My personal analysis, Bitcoin is currently in a sideway condition, waiting for good news to make a new ath, the support range is at $90k, as long as Bicoin has not broken out (with a body candle), the price will continue to go up and down in that range.