Quote from: Olatundespo on Today at 03:15:02 PM

Quote from: Lanatsa on June 10, 2025, 12:49:57 AM

Quote from: Olatundespo on June 09, 2025, 04:32:03 PM

Quote from: suzanne5223 on June 08, 2025, 10:54:52 PM

Quote from: Olatundespo on June 08, 2025, 06:34:12 PM

Quote from: RaraAvis on June 05, 2025, 09:14:41 AM

Up or down?

Please share your opinion.

I personally thought it might well dip to about 97.5K before the next leg up.

Why do you think?

As a result of the conflict between Trump and Elon Musk, I thought that the price of Bitcoin might drop significantly but surprisingly, its price continues to increase and is likely to exceed another ATH. The things we need to focus on when estimating the price of Bitcoin are whether there is a challenging situation or any kind of threat to the world economy. At first glance, it seems that the US court has declared Trump tariff policy as outrageous and the state has presented arguments against this court ruling. But through this, the US government has suspended the amount of tariffs it had announced against various countries of the world for a few months. As a result, there may be an obstacle in activating the tariff policy so as there is no such threat to the world economy for now the price of Bitcoin is likely to increase as expected.

I also expect the price to experience a huge dump in price, but it seems resistant to the bear.
You said the market continues to increase in price, and I don't see that happening. Although the experience saw some surge in price but it was switched between pump and dump, which I believe the result will be some investors are using the current misunderstandingng between the US president and Elon Musk as the chance for them to manipulate the market for some selfish benefit.

Yes, the US court believe the President tariff will do more harm than benefit, but Trump is trying to convince, and the political game anything can happen.

Any unexpected situation can arise in the Bitcoin market so you need to consider the volatility regularly to make the right decisions. I see the possibility of a few more weeks of upward price increases. I do not think that the price of Bitcoin will be significantly dumped. Political and financial instability can negatively affect the market. I think Donald Trump used Elon Musk when needed. If Elon Musk had not fully supported Donald Trump in the US election the results could have been different. As a result of selfish and power hungry behavior the relationship between the two of them may have deteriorated further and this may not have a negative impact on the market in the long term. I think that short term personal distance will not have a long term impact on the market situation. The results of which are visible in the current market situation.

When it comes to price movement then I do always make myself that be trying out to be versatile as much as possible or someone who do just that simply go with the flow because we do know that this market is unpredictable or something which is that totally random. There's no way that we can be able to predict on where it would be heading or going and when it comes into the sentiments that could possibly happen then it will be always that unknown like those news specially that economic related on which most of the time we do get caught off guard and the market do make out some shift immediately basing into that. We do know that not all news will be having that kind of effect because the market isnt always that highly reactive to news and thats why it wont be that still giving out that precise input if someone do make use of this analysis. The thing here thats for sure is that recognition and adoption is on the move, specially now that government and high profile people and billionaires are diving now into crypto or Bitcoin.

You are right. The market situation make clear us to be open to long term Bitcoin holding while directing our random thoughts to a proper review. Like the flowing water of value how much you are able to equip/hold Bitcoin at the end of the day the question is how to balance reality and the future. In the volatility of Bitcoin price the deterioration or improvement of the relationship between Trump and Elon Musk can be evaluated in any way or investors see it as a sign of a closer relationship and many analysts think that their relationship can be good again. The market is always related to negative/positive news and those reactions are felt by investors. I also agree with you that the period of global Bitcoin adoption and recognition is going on and corporate holders and reputable financial institutions are accumulating Bitcoin along with individual level

First, i want to clarify something about the market. It is not that the market is unpredictable at all, and it is just that market price can be unpredictable at some point due to some situation that causes an unexpected or foresee circumstance, which Elon and Trump are examples.
When the market switches to this type of movement, it is better to go with the flow instead of relying on analysis that will not work.

Having said that, balancing the reality of the market in terms of volatility is the reason why some people believe the market to be unpredictable. But about the relationship between Elon and Trump, it is a business relationship that ended after Trump was elected as President.
Only those who know how the political system works will understand this.