Post
Topic
Board Speculation
Re: Price indicators hinting at $230k peak
by
_BlackStar
on 05/07/2025, 23:50:02 UTC
-snip-
You can be right, but think that most of us would never have thought of a scenario in which the president of the USA would have vouched for Bitcoin: it sounds almost like a fantasy come true. Thanks to it, we broke the 100k resistance, but although I hope it as a good Bitcoin enthusiast I am, I don't think it's that likely to break the 200k one if something extraordinary doesn't happen again.
I was wondering what kind of extraordinary thing you're referring to - is it some kind of global economic recovery, or some kind of shift in investor interest in looking for long-term investment and hedging assets?

I also expect bitcoin to break through resistance it has never reached in the future - regardless of the reasons behind it. So far, global economic recovery is not expected - it could even get worse and destroy financial markets, but something like a shift in interest in investment assets and hedging makes bitcoin the most appropriate choice to fight the current situation.