Quote from: Smack That Ace on Today at 03:17:56 PM

Quote from: imamusma on July 20, 2025, 08:17:25 PM

~~~

Sure we all want that to happen but I don't think we can get there that quickly. Bitcoin just hit $123k last week, and everything takes time. We cannot expect Bitcoin to keep going up forever without any correction and accumulation.

Bitcoin needs to correct and consolidate before it can move higher and it seems that its dominance is also decreasing to make way for altcoins. So, I predict that the best case scenario is that Bitcoin will continue to rise in early August and along with it, it will pull the entire market into the biggest bullish wave that everyone has been waiting for a long time.

Sideways movement may be ongoing for some time for bitcoin, but price changes can be triggered by a variety of reasons at any time. Bitcoin has been trading in the $116k to $120k range for the past few days, but I don't really expect a major correction. Its dominance could decrease, allowing altcoins to rise, but the consequence would be a price drop and Bitcoin could test new support levels.

As I write this, Bitcoin is trading at $117,600, up $1,000 from an hour earlier. The price could fall or rise further before today's close, but I believe Bitcoin will remain stable within the range mention above. But when it comes to price increases, Bitcoin has risen more than 15% in the past month. I can't imagine gold producing such a high return in a month.