We saw the Bitcoin price increase the most last July, and it created a new ATH, where the Bitcoin price entered $123k, the highest in Bitcoin history. We then saw a big drop in Bitcoin where the Bitcoin price came down from $123k to $112k, although the market has entered a little higher at the moment and is currently at $114k.
So I guess that maybe the Bitcoin price is more likely to enter $130k by this August, what are your thoughts?
So I guess that maybe the Bitcoin price is more likely to enter $130k by this August, what are your thoughts?
It seems like a realistic forecast to me, there are still at least 20 days until the month ends and knowing that the price is currently above $14,000, I don't see this forecast being impossible at the moment, on the contrary, I think the price can rise a lot as long as it manages to break $23,000, because it seems to me that it is not managing to break $19,000, see for example the weekly chart
It has a good chance of remaining between $14,000 and $19,200 for more weeks. Only if it breaks $123,000 could we see $130,000 this month. But even if we don't see it this month, if the trend continues, then we could probably see $130,000 or more by December. I still remain optimistic. For example, even today when I was reading news about bitcoin, I read something funny:
Quote from: https://cointelegraph.com/news/bitcoin-price-prediction-250k-still-possible-fundstrat-tom-lee
Fundstrat managing partner Tom Lee said Bitcoin should hit $1 million “over time” and isn’t ruling out $250,000 for 2025.
https://cointelegraph.com/news/bitcoin-price-prediction-250k-still-possible-fundstrat-tom-lee
This reminded me of a few years ago when the price was very low and he made these very high predictions and I thought they were impossible predictions, today the price is at $115,000, I no longer see his predictions negatively, on the contrary, I believe it is possible