It is difficult to predict precisely whether altcoin prices will fall again or not in the midst of a weak crypto market situation. We may have observed that the price of bitcoin plummeted and the price of altcoins plummeted as well. Therefore, it is better to hold altcoins now than to sell.
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No one knows what happened throughout the month of June because the crypto market so far has not had a strong sentiment for a strong rally in the near future. Moreover, the price of bitcoin so far is still in the range of $19k-$18k throughout the two week in June and other Altcoins have not strengthened. Therefore, let's see how far the market moves in the next few weeks.
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Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
In my opinion, your plan is not good when you buy bitcoin at a price of $40k because currently the price of bitcoin continues to decline where currently bitcoin is trading at a price of $19k-$18k. Whereas if you are a little more patient you have the opportunity to buy at the current price so when the price goes back up to around $40k maybe you can sell it for a 40% profit. But if you buy at $40k maybe you need a long time to sell at a high price because looking at the current state of the crypto market it seems it will take a long time to rebound back to prices above $40k.
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In my opinion, the price of bitcoin reaching $1 million seems difficult to happen. Although anything can happen in the crypto market, it seems too much to predict the price to reach $1 million in 2025. Moreover, in 2022, bitcoin prices continue to weaken and it is still difficult to rise to the area above $40k. Even reaching the target of $100k as predicted by some experts before always failed.
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It is difficult to accurately predict when the market will be bullish again. But if you believe in the fundamentals of the altcoin you want to buy, you better buy when the price drops then you have to be patient and hold for a certain period of time. Now when the market is bullish again, then you have the opportunity to sell altcoins so you can get big profits later.
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The bitcoin price chart still looks unattractive at the moment. In the past week, the price of bitcoin is in the red zone and the price continues to experience a sharp decline. I think the current bearish sentiment will bring the bitcoin price down to around $27k especially as the sell-off in the crypto market continues. Therefore, let's see how far the price reacts as we have seen the current lows.
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The bitcoin market has plummeted for nearly the past month. Bitcoin has dropped about 20% from its current $40k to $30k price. If the market continues to decline then we will most likely see the price of bitcoin going down to the $25k area probably in the next few weeks. Moreover, so far the market's attitude is still very panicked, it is possible that the downward trend in prices will continue.
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No other blockchain can beat Ethereum because to date Ethereum is the largest smart contract platform. Ethereum is in a position of its own just like bitcoin. Over the last few years a number of smart contract-based blockchains like ADA, SOL, DOT, LUNA, and many more have tried to kill Ethereum but none have been able to kill or outperform Ethereum until now.
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The graph you made two week ago turned out to be true that bitcoin fell to the $32k area. I had thought that the bitcoin price would not go down to the $32k level but it turns out that what we are seeing at the moment the bitcoin price continues to weaken and move bearish until it drops to the $29k area. It is likely that the crypto market will continue to decline and the price of bitcoin has the potential to drop to around $25k in the next few weeks.
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In my opinion, it seems that the current bearish market sentiment is still continuing because the FED will do many ways to curb inflation. With the FED policies the crypto market is getting weaker due to a lot of massive selling.
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I see the price of bitcoin is still likely to drop from the current price until corrected to the $28k area. the correction that made the bitcoin price drop in the last few weeks was caught in a negative trend. Therefore, if the current price correction continues, the bitcoin price will drop to the $28k area and it's possible that the bitcoin price will hit the $25k area again.
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Indeed, Buy the DIP, and HODL are good strategies to apply when investors are feeling FOMO, FUD, and various other potentially detrimental emotions. Especially when the price drops compared to when the price was purchased. This helps us to prevent wrong timing of sales in the market.
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It's hard to know for sure what caused the bitcoin price to drop. However, one of the factors that made the price of bitcoin go down was that more and more market sentiment was negative. As we know that the more negative sentiment in the market will have an impact on the decline in the price of bitcoin and altcoins. Negative sentiment could be fueled by a series of gloomy news that caused some people to panic. The negative market sentiment has persisted in the last few weeks so the bitcoin price dropped to the current $33k area.
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That was a great and brave performance from Villarreal. Right at the beginning, many were still hoping that there could be a miracle today. And after the second goal, they only had to hold out for 45 minutes. But then the pressure and the quality of Liverpool was too much. Nevertheless, a great performance by Villarreal. And congratulations to Liverpool and Klopp.
Unexpectedly, Villarreal actually played very well in the first half. Villarreal were able to score two goals in the first half and had forced the aggregate to be 2-2. Unfortunately, in the second half they reduced the intensity of the game and allowed Liverpool to score three goals back to seal the victory that saw Liverpool qualify for the Champions League final. Liverpool's quality was very evident in the second half, in the second half they were able to get up even though in the first half they had to concede 2 goals. Liverpool's winning mentality. They deserved to win the second leg and they deserved to be in the final too, because at the moment they are one of the best teams in Europe. It is undeniable that Liverpool is one of the best teams in Europe. Liverpool showed its quality with a team that has a high level of maturity. Their winning mentality was phenomenal, this was shown in the second half which was able to catch up with 2 goals to reverse the score to 2-3 for Liverpool's victory. Even in this season Liverpool have the opportunity to win a quadruple. If Liverpool are able to achieve a quadruple, then they will be the only team to do so and will be remembered throughout history.
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Man City vs Real Madrid, I'm sure people will be looking forward to a very decisive match where Real Madrid will play at home. at least they have some positive points to go ahead and equalize on aggregate. Real Madrid appearance is clearly expected to be optimal, after having won a position in La Liga so they can now focus more on trying out Man City. There is a possibility that the match that will take place will be a little dramatic.
The Real Madrid vs Man City match will be fierce. Both teams still have the same chance of qualifying for the final, although Real Madrid will have to work extra hard in this match because they are one goal down on aggregate in the first leg. Moreover, Real Madrid will play in front of their own supporters and also they have just sealed the La Liga title, so that in the match later they will be more confident to face Man City.
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That was a great and brave performance from Villarreal. Right at the beginning, many were still hoping that there could be a miracle today. And after the second goal, they only had to hold out for 45 minutes. But then the pressure and the quality of Liverpool was too much. Nevertheless, a great performance by Villarreal. And congratulations to Liverpool and Klopp.
Unexpectedly, Villarreal actually played very well in the first half. Villarreal were able to score two goals in the first half and had forced the aggregate to be 2-2. Unfortunately, in the second half they reduced the intensity of the game and allowed Liverpool to score three goals back to seal the victory that saw Liverpool qualify for the Champions League final.
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I think, technically Bitcoin still has the potential to hit $80k if it is able to break through strong resistance above $70k thanks to low volatility, increased buying, and more and more big companies adopting bitcoin. However, I see this year despite bitcoin's bullishness, it seems difficult to hit its $80k price target.
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I think the price of Bitcoin will continue to rise in the short term and this can be seen when the bitcoin price is currently trading in the $39k-$38k range. Although Bitcoin price movements may still experience a correction from the current price, it seems that we are not moving in a bear market anymore.
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My hope is that in the future more countries will consider bitcoin as a legal tender as El Salvador has done. By adopting blockchain technology, Bitcoin can overcome the financial problems of developing countries and poor countries in the world so as to encourage a better financial system.
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Predicting what the bitcoin price will be in 2025 will not be completely correct because no one, not even many experts can't predict the bitcoin price accurately, especially in the next few years. Especially considering the current price trend, it is very likely that the price of bitcoin will be difficult to reach the price of $100k next year.
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