Post
Topic
Board Speculation
Re: My prediction for CPI was wrong...
by
Cryptoprincess101
on 16/05/2025, 22:06:28 UTC

I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.
That's strong confidence you've got there for Bitcoin and I quite admire it but if we're being realistic, you can't express such in the markets, it's just for you to be optimistic. I know that we might not see such drops to around the 70k+ region it last went to but there's a possibility that it will still drop from the amount it's at now.
 Although for the past two days if I'm not mistaken, Bitcoin price has been at $103,744 which means it's a bit stable at the moment but that doesn't mean that there can't be a dip.
 I really hope for better things for Bitcoin but Trump could have other plans too.

My confidence is backed by the uptrend movement because after the price of bitcoin crossed the $100k mark on 8th May, it has not gotten any correction that made the price fall below $100k again and it's already over a week now which means that the market sentiment has gained enough momentum to sustain the price which shows signs of more bullish moves and i don't mean that a correction cannot happen but there is no correction that will make the price to fall below $78k as it did last time, that is what i meant by a drastic fall. There is no need for us to worry about Trump and his policies again because even if they don't favor bitcoin, it will only be for a shorter period of time.