It was just a fud news posted now about an old etf rejection and has nothing to do with the current active etf application, the new date for btc etf is set at 21 september and i do not agree with you about bears anymore, bear trend is over already and we will see massive gains from here.
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This time btc is solid and i do not see that it will stop around anything low, my analysis is that in this bull run that will atleast span till september btc will test its previous all time high mark, if not more.
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You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.
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I think we should hope and pray that btc will break 12k mark in august, im sure it will get good bullish momentum once it breaks that mark and we will definitely reach previous all time high price of around 20k in september, im expecting big gains for btc in coming months.
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This is highly possible but also depends on the big fundamental factor and that is approval of its etf, if etf approves then btc will become unstoppable and if it gets rejected then we can see a couple weeks of selling and correction again before next leg up.
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Yeah exactly, i have also heard those 65000 predictions, i hope they will be realized in next couple of months, that will definitely help me get out of the financial troubles if btc goes over 50k atleast.
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That would be good i think even if etf gets rejected we will see short term correction or panic selling but then btc will recover quickly and will continue the up trend, my personal view is that btc has already entered the bull phase and it will reach new highs in the last months of this year.
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I know it has been very dissappointed ride for btc holders for atleast 7 months but now the market has taken the much needed turn and all the fundamentals are also looking positive so expect bulls to survive for many weeks and to answer your question about previous high price level, my guess is that by the mid or end of september btc will break previous all time high level and grow rapidly.
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I think no one can answer that question precisely unless he can see in future which no one can, i see positivity coming back to market so i assume that bulls will continue and the last part of this year will be super bullish.
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Your analysis was good, you said it could rocket to 7550 but infact it broked that easily and reached 8500 and now a little pullback to 8200 now where do you think it is heading, i hope the bulls will continue and will dominate for the rest of the year.
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At the moment i agree that $10k is fair value but this is btc and crypto my friend and we should know that btc and crypto market can become unstoppable once the fomo begins, so i think $30k is realistic target for btc by year end.
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Im not sure about 80% dominance but i think that even if the dominancy increases to 60% alongwith the volume that will hopefully cross 1000 billion mark we can expect btc to grow to new all time hivh price.
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Bitcoin seems to be getting in the bullish zone from here, i think if it reaches the previous all time high price it will break that level too and find a next high price which according to many experts can be as high as 65k.
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To be honest some smaller projects coming even recently have outperformed waves, some are even just following what waves committed as a project, we can see neo, eos and others moving nicely, waves being one of the older and solid projects in the field of complete tokenization platform and ecosystem is still way undervalued, i think it should have been around $50 per waves to give the right value.
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Humaniq has been there since more than a year now and i think they are way behind their project goals, i did participated in their ico thinking they are coming up with a revolutionary project but on the practical side they have not delivered according to the plans that is why price of their tokens bas also not grown to what was expected during ico.
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Cryptassist is a really awesome project, i was studying the project few days ago and they are bringing multiple crypto solutions on their platform and im sure average crypto member, trader, investor and followers will benefit nicely from this project.
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I think pegging to usd was the demand of the masses because in usd terms it makes easier for them to remember how much they invested and how much return they can expect while pegging with btc seems a bit complex, personally i think pegging with usd is less profitable as compared to btc in the long term.
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Really positive news and good to see big companies have realized the importance of blockchain technology and now are jumping on boat one by one, we can easily see that mass adoption is not too far away now.
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Also keep an eye on btc dominancy it has grown nicely so from this i can easilypredict that atleast btc is set to surge in price as all major indicators are positive.
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Yeah definitely, both technical and fundamental indicators are positive now about bitcoin, if institutional money starts coming to crypto market we will see huge surge in prices and it is expected to happen from next month.
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