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?
No it will not, unless there's a catalyst that will push the price of Bitcoin to as high as $130,000 in just a matter of days to a week.So I guess that maybe the Bitcoin price is more likely to enter $130k by this August, what are your thoughts?
Bitcoin right now is struggling to even surpass the $120,000 price, and it's recent ATH. On the other hand, we've seen Bitcoin going up significantly in a matter of days, so this might still be possible. We know that the crypto market is unpredictable, and anything (as long as realistic) can happen in a short amount of time. At the end of the day, if this happens by this month, I'm happy just like the other users here because for sure, they'll be making more money by just holding their Bitcoin.
For me, my realistic prediction is that, it will reach $130,000 by September, and the only chance that it will reach this month IMO is if Trump will make a move that will make the global market including the crypto market move towards the upside. Right now, I don't see it happening though, but who knows.
So we need to reach to a point where it would not be that difficult to reach. We can make this work, and for that to mean something, we have to make sure that all is well with the market. So maybe it will happen, or maybe it will happen in September, I do not know.