Bitcoin 20100-20500 is forming a good support. If it can hold, we could see Bitcoin at 22k-25k very soon. And if cannot hold this support, we will have to wait for more time for Bitcoin to rise above 18k-20k.
It will probably be possible in 2025.
There is no need to say in what year it will be possible to happen, because as long as the current number of Bitcoin buyers continues to grow over time on every crypto exchange. Then the price increase will always be there even if it doesn't go directly to a larger price level, because to go to a higher price level than now it obviously still takes more time for Bitcoin. After all it's about when more buyers will come to Bitcoin, not about what year those buyers will come to Bitcoin.
Well, yes... that seems to be in the right direction CageMabok... in regards to our continuing to have ongoing upwards pressures on BTC price based on ongoing adoption and ongoing increasing network effects, and surely in the short-term we see waves and will likely continue to see waves, even while the ongoing and upward price pressures continue to persist because adoption continues to be increasing (even while there are periods in which some fleeting (or unsure) adopters might come in and go out and other various kinds of shorter term fluctuations along the way to ongoing and likely inevitable increasing adoption).
If you don't watch it Mr. Smartie Panties, we
(royal that is) are going to have to redefine the meaning of a bat slappening, just for uie pooie.
I’m still surprised at the strength we’re seeing in the market. I was expecting to end the month below $17K and here we are about to break $21K while Bitcoin has shown considerable strength compared to other assets.
I don't know about all of that. Bitcoin has had a pretty rough ride since it has been significantly below the 200-week moving average for a large majority of the last 4.5 months, so that is way worse of a fate in terms of that particular average weighted trade volume indicator than it has suffered through its whole previous life.... .and sure it is maturing as an asset class, so we cannot necessarily expect ongoing and continued benefits of bitcoin being in exponential s-curve adoption - nonetheless, it still seems to be quite presumptuous and also failing/refusing to recognize and appreciate bitcoin for what it is to be presuming that it has to continue to drop, merely because many aspects of macro-economics are having a large number of ongoing existential struggles.
It seems that for the first time Bitcoin is bucking the trend and standing out as a safe haven currency.
First time? Oh gawd you come off as pretentious and patronizing in regards to king daddy sometimes.
Albeit to a point, but this will no doubt be a positive for future investors who would have expected this speculative asset to be one of the worst performing in times of doubt.
Of course, current and future investors are continuing to learn that bitcoin is likely not as much of a risk on asset as they are making it out to be, even though in the short-term there do seem to be a lot of benefits to being able to get in and out of it so easily and to be able to cover other areas (assets or currencies) in which there might seem to be some need to cover.. but then sometimes, if folks get out of dee cornz because they believe it is easy peasy.. and maybe even presumptuously conclude that they are going to be able to get back in cheaper, they might find their lil selfies chasing the train.. rather than reaping benefits of selling such a highly liquid asset, like my lil precious.
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