Quote from: NicNacCoin on February 20, 2025, 01:26:33 PM

Quote from: Oshosondy on February 18, 2025, 11:04:42 AM

But let me ask a question. I saw on news that bitcoin can fall to $85000. What do you think about it this time?

Bitcoin falling to $85,000 is not very likely at this time because the market is now moving upwards and has gone above $97,000. Many may be analyzing Bitcoin to go down, but I think the market will go upwards and stay close to $100,000. Moreover, since the cryptocurrency market is full of volatility, it can move in any direction at any time.

We are still in a sideways moment on bitcoin prices. the fluctuation is not that far in the $90k area and we are experiencing it right now, maybe this will happen for quite a long time if there is no negative news that affects the price of bitcoin, but it is possible that the ratification of bitcoin as a reserve asset is an attraction in itself that can achieve significant accumulation from various countries, it's just that we haven't seen the crescent moon even though it has been discussed.

for now I think there is still a possibility for a quick Dump on the price of bitcoin to $85k then it will experience a reversal that will change the trend of bitcoin to be even better in the future to print a new ATH.