Quote from: JeffBrad12 on Today at 05:07:24 AM

Quote from: Stablexcoin on June 20, 2025, 06:58:23 PM

The news is not going to save us, we have had one of the biggest news this year with many companies buying Bitcoin, it has never led to any improvement in the price of Bitcoin, our dominance in the market won't come as a result of news anymore, now is the time for the market to follow normal pattern, where we are isn't the end of Bitcoin, it takes only time to see wherever we want it to be.

Most news are already priced in, big company buying BTC is not a new thing so of course the news looks like it didn't influence the market that much therefore it results in stagnation.
However if the news is very bullish like another big country accepting BTC for example, then it can influence the price heavily.

Honestly, I wouldn't worry, chart looking perfect for another rally on the way in the future, what it need is just BTC breaking out of resistance and it will rally to $120k easily. $120k is just a piece of cake.

News of major companies buying bitcoin is not new, but it is positive news because it shows bitcoin adoption is going strong. But this does not have much positive impact on the price because there are also many people selling large amounts of bitcoins on the market. Companies can't buy BTC without sellers. Prices only increase when demand exceeds supply, but it seems like what's happening is just a transfer of bitcoins from one hand to another.

If Bitcoin could easily reach $120k, it would have done so long ago. Because bitcoin price hit $109k in January, but more than 6 months have passed, bitcoin is still trading around $109k. The $120k target has never been easy for bitcoin.