Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.
Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?
Bitcoin price right now is $110400.
I think I've seen it reach $111k again and was about to hit $112k, but it was too short. So, with the corrections that we have, maybe this is the time for its recovery. It moves like this and it's a normal action after getting into a flash crash; it should recover a bit. But the question is if will it move back to $120kish price? I hope so, and that's what we want to see badly. While the pattern usually is being followed. At times, it's always hard to speculate on what will happen next because Bitcoin has been so unpredictable.
Yes, It's more than $111k right now and I think we might have bounce back already this month as we are over the ghost month of August which is very bad for Bitcoin market. So in any case the dust have settled down a bit and the whole crypto market has recovered already. There is no way but going up, so I will be positive that we might see $120k before the end of the year. And after that, it will be the biggest run in our history as the last three months should be huge for us as this will be the peak of the bull run. So just relax for a good ride this 2025 and again, I'm optimistic that it will be all good leading to December and a new all time high.