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In the last few weeks the price of bitcoin has started to rise and is in the green zone where the bitcoin price is currently trading in the $24k-$23k price range. I think the current price increase will continue to increase and I believe bitcoin has the potential to hit above $25k within this week.
Re: Bitcoin is about to have its biggest monthly gain since October 2021.
Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.
The hope is that after Russia and Ukraine legalize bitcoin, many other countries will also legalize cryptocurrencies in their countries. Moreover, cryptocurrencies have developed rapidly and many large institutions are eager to use them in the midst of the recent crisis situation in a volatile world that could hit the broader financial sector.
It is difficult to guess the limit of the bitcoin price because the rise and fall are difficult to predict. However, I think that the bitcoin price is currently experiencing stability. So actually now is still a very good time to invest in bitcoin.
In my opinion, someone who panics selling when the bitcoin price drops is the type of person who is only looking for short-term profits or can be said to be a speculator. Every price drop experienced by cryptocurrencies makes some who invest wonder, how bad will the impact be. However, investors who are long and experienced with crypto, where do not panic when they see the price of bitcoin plummet.
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Hello there,
I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
What was stated by George Savakis who predicted a bitcoin price correction of up to $20k-$23k was true. Especially now that bitcoin is traded at a price range of $23k-$24k after a few months ago it fell to a price level of $17k. Therefore even though the bitcoin price is currently stuck in the $24k area, it still seems difficult to see a market recovery in the near term.I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
In the long run, I don't know how much bitcoin will cost. Most likely what some experts predict that in 2025 the price of bitcoin will reach $100k or more is possible. It's better for the short term like now it will be better for us to collect bitcoins while the price is still low so that later we don't lose momentum when bitcoin prices experience a significant price increase or set a new ATH record again.
No one knows for sure what the prospects for bitcoin will be in the future. Especially if someone says that if 2025 bitcoin will die, I think that statement does not make sense. I'm optimistic that 2025 bitcoin will still be around but can't predict how much bitcoin will cost in the future. So let's see ahead how bitcoin will create a new ATH record.
Although the price of bitcoin has fallen very deep from last year's ATH level, I don't think that bitcoin has lost its bullish momentum. From the first, negative sentiments about bitcoin have often occurred, causing the price of bitcoin to plummet. But the price is always going up even the bitcoin price is currently at $23k a few months ago it fell to the $18k-$17k area. Better to hold bitcoins for now and don't panic. I'm sure we'll see the market recover in the near future and bitcoin will be bullish again.
Re: Are we at the bottom? no one knows, but market is doing fine.
I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.
Although the price of bitcoin has fallen very deep from last year's ATH level, I don't think that bitcoin has lost its bullish momentum. From the first, negative sentiments about bitcoin have often occurred, causing the price of bitcoin to plummet. But the price is always going up even the bitcoin price is currently at $23k a few months ago it fell to the $18k-$17k area. Better to hold bitcoins for now and don't panic. I'm sure we'll see the market recover in the near future and bitcoin will be bullish again.
Re: Bitcoin is about to have its biggest monthly gain since October 2021.
Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.
The hope is that after Russia and Ukraine legalize bitcoin, many other countries will also legalize cryptocurrencies in their countries. Moreover, cryptocurrencies have developed rapidly and many large institutions are eager to use them in the midst of the recent crisis situation in a volatile world that could hit the broader financial sector.
It is difficult to guess the limit of the bitcoin price because the rise and fall are difficult to predict. However, I think that the bitcoin price is currently experiencing stability. So actually now is still a very good time to invest in Bitcoin.
In my opinion, someone who panics selling when the bitcoin price drops is the type of person who is only looking for short-term profits or can be said to be a speculator. Every price drop experienced by cryptocurrencies makes some who invest wonder, how bad will the impact be. However, investors who are long and experienced with crypto, where do not panic when they see the price of bitcoin plummet.
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
In the long run, I don't know how much bitcoin will cost. Most likely what some experts predict that in 2025 the price of bitcoin will reach $100k or more is possible. It's better for the short term like now it will be better for us to collect bitcoins while the price is still low so that later we don't lose momentum when bitcoin prices experience a significant price increase or set a new ATH record again.
No one knows for sure what the prospects for bitcoin will be in the future. Especially if someone says that if 2025 bitcoin will die, I think that statement does not make sense. I'm optimistic that 2025 bitcoin will still be around but can't predict how much bitcoin will cost in the future. So let's see ahead how bitcoin will create a new ATH record.