Next Stop of BTC.....5000$

[Ridwan Fauzi]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

I have been looking for some information about the caused of the current price decline, but I have not found any scary information so as everyone sold his assets.  However, at this time bitcoin traded at a price of $ 4800 and this is pointed out the price of bitcoin touched the lowest price this year which was previously only stable at the price of $ 6400- $ 6500. I believe that the price of bitcoin will continue to decline maybe touching the price of $ 3000.

[1714949075]

1714949075

[jadenunderhill]

Rename the topic.

Next Stop of BTC .. 3000$

[royaleFlag]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

It is obvious that the current movement of bitcoin took everyone by surprise but there is not a reason to panic and to think that we are going to reach such a low price, it is likely the current price is going to remain for a few days or a few weeks and then we're going to go back to normality and the price of bitcoin will be above 6000 as it has been for the last months.

Well as you said, it's extremely unpredictable so it doesn't make a lot of sense to try and foresee what direction it will take from here. We've been a little complacent with the previous stagnant price that the dump shook a lot of people. Guess we just have to prepare for whatever will happen in 1 and a half month.

Exactly there is no tool of prediction the movement of bitcoin. The coming days and years, what about them? Nobody ever knows. So try to make your mind strong and be on the strong determined path.