Bitcoin Forum

Bitcoin within the last week have shown a strong recovery movement, this thread is not about the bitcoin price speculation that is why I did not create this thread on speculations but decided to create it here on Bitcoin discussion. With the sole aim of attracting short term discussions on the recent Bitcoin movements which have seen bitcoin making some strong recovery moves and right now seating at $46,600 price in the face of Russia's Ukraine invasion which has gotten the mainstream media attention lately, bitcoin was able to make such great recovery which has set a new phase for the entire cryptocurrency market. What are your thoughts on the present Bitcoin situation.

Price is in a big flux right now, anyone who is saying this is start of another bull run, is too new in the market to understand the market dynamics and is soon going to lose a lot of capital, on the other hand anyone saying we are just setting towards a bear run has never ever been optimistic about bitcoin in his life, truth is no one knows what will happen next, bitcoin is stuck in a range between 40-50k right now, only if it will break over 55k you can say we might see another bull run and only if it closes below 30k we can say that welcome back to the bear run, anything in between can still be called a sideways movement of the market which bitcoin is doing right now.

Now the bitcoin price was above the 46k which is 46.3k dollars.So it’s next one is the new pump in the price.But since the OP said it’s not a speculation thread,we can discuss about the current movement.The current movement is positive.Long people who brought at 38K dollars are selling their coin now.Since huge selling happening,their will be some dump in a price for few days.

This looks like speculation to me since the topic is talking about the Bitcoin situation in a world conflict that would lead also to price movement thus it is a speculation. 8) So anyway, some recent topic about Bitcoin regarding with the situation in Russia's Ukraine invasion, "Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West (https://www.cnbc.com/2022/03/24/russia-might-take-bitcoin-as-payment-for-oil-and-gas-as-sanctions-rise.html)."

This might actually create a pump but I think it's the result of the recent pump why Bitcoin did reached $48k last week. Although, the price slowly declining yet staying at the moment at $46k so if this will continue for some days Bitcoin may either pump or dump after depending on the News.

Yes focussing more on the demand for Bitcoin which has reflected in Bitcoin price even though we have witnessed more of this kind of Bitcoin price increase which is seen by many including myself as a reflection of Bitcoin global adoption and increase in demand for Bitcoin, Bitcoin has gain mainstream recognition that is why we did not see it price dropping drastically in the previous month were Bitcoin phased out it price corrections. Bitcoin as the digital gold is set out to change the way we do things in the traditional method into a digital experience.