I believe Bitcoin will surge to new heights after this dip

[Volimack]

I also believe that bitcoin will go into a correction and bitcoin may double in value during a bull run. Bitcoin ups and downs It is normal thus bitcoin boasts its new record. Many investors are buying and holding bitcoin as the price drops making it a great time for them to buy bitcoin deep. Now if you don't it's not worth investing in anything. Investing in bitcoin is less risk of losing your money and it will be a nice in the future.

[Marvell1]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

In mid-May, we had a lot of news related to inflation and everyone was waiting, but even if the results were not as expected, there was nothing scary. The negative effects will also be absorbed soon, bitcoin will have a correction because of them but then bitcoin will also recover.

I remember in 2022-2023, we had a war, inflation peaked, the Fed continuously raised interest rates but could not stop the recovery of bitcoin. And at the present time inflation has decreased somewhat, the impact from the war is no longer too much, so there is nothing to fear.

I agree with you, we have had all the worst possible scenarios in recent times, war in Russia, FTX, inflation, war in Israel... and bitcoin continued its natural movement, it is even well advanced, I imagined that at halving the price would be at 35-40k range. But it passed that and we reached ATH, an unprecedented fact... I'm quite bullish, this year and the next promise to be very interesting, just be patient.

It even fell down to $16k and that is enough for me to believe that Bitcoin is capable of recovery. What we experienced is just a part of its natural market volatility. What's best is to embrace it and if you have the means to do so, fill your bags more of it and wait for the uptrend to take place. It might not happen soon but there's this feeling that it will.

If we zoom out the chart and look at the long-term picture, bitcoin has only had one trend over the past 15 years: bitcoin has only gone up and up. And because bitcoin is a financial market, short-term corrections are normal and not surprising. If someone takes the time to study how financial markets work and about bitcoin, people will realize that bitcoin will increase in price and will reach ATH over time. And we don't need to listen to any expert explanations or analysis.

The worst scenario we will face is that history will not repeat itself and we will not have a bull season after the halving. But in the long run, bitcoin will still increase and increase over time.

[moneystery]

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

to say that the fate of bitcoin is determined by news from america seems to be an exaggeration, because the bitcoin market has performed well in recent years, even though at some times it has dropped significantly, but if we look back bitcoin has had an upward performance. and even as american authorities crack down on crypto platforms there, the bitcoin market is still growing. even though there is still an impact from news coming from america, i don't think it is so significant that it causes bitcoin to experience a serious decline, only a slight correction and that is a normal thing due to the market's response to the news.

[EarnOnVictor]

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

All eyes? Hahaha, I don't think the US data is having a lasting impact on Bitcoin other than Bitcoin traditions, news and data like inflation and others. Fine, the US news is key since the USD is the most paired currency with Bitcoin, and it is most popular and mostly traded at the same time, but yet, in my experience, it often has limited effects, the news' effect subsides soon enough.

What I envisage for the cryptocurrency market, especially for Bitcoin is a tight-range market for now. You will be seeing it hitting some higher levels thinking it would go further, but it will soon slip back to selling and hit some lows thinking it would sell further, but would again reverse higher and rebound to hit higher levels once more. It will continue over and over again until $73,850 is breached on the higher side, or $56,450 is breached on the lower side for either buying or selling continuation to happen.

[MiF]

Many people believe that after the dip bitcoin will reach another ATH price, but there are also investors that didn't believe on it because it needs time, we have different sight with regards to bitcoin investment we also have different limitations and emotion when market is on dip, that's the main reason why some earn and some people lose, we don't really know what's next or how many years will come before we can see another ATH all we can do is just prediction. No one can tell us the correct price because the nature of btc price is high on volatility and i believe that all we need is patience to earn.

[decodx]

I can totally see why people feel optimistic that Bitcoin will reach a new all-time high after this latest price drop.  Plenty of folks seem to think it's a prime buying opportunity right now.  But you raise a fair point - not everyone sees it that way and  some investors remain cautious, wanting to see where things land before making any big moves. 

At the end of the day, reasonable minds can disagree on this stuff.  I don't think either view makes someone naive or foolish.  It really comes down to your own investing style and stomach for risk.  But one thing's for sure - Bitcoin keeps things interesting! Its price swings tend to spark lively debates, thats for sure.

[stomachgrowls]

Regardless, cryptocurrency investors are always looking for opportunities to buy on dips.

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

It would really be always a roller coaster like kind of behavior yet this market is always been like this or really that in default on which means that you should really be that mindful on the moments that it would really be making out some significant movement whether it would be dropping or pumping, then you should really know on when to enter and on when to exit. The main concern on here is to make money or profits with these
market movements or simply with the volatility. Speaking about new all time highs then Bitcoin didnt fail us to give those kind of surprises on which means that in every cycle on bull run event then we do see those new heights. The only thing that we should really be have in mind is to have those at least realistic number predictions or speculations and not into those numbers which are really that too far.

There are really just those people who are really that too positive into things on which the speculated numbers arent really that something realistic anymore.
You should mind yourself to be that placing into the bottom on which you could really be able to maximize that profitability.

[freedomgo]

I can totally see why people feel optimistic that Bitcoin will reach a new all-time high after this latest price drop.  Plenty of folks seem to think it's a prime buying opportunity right now.  But you raise a fair point - not everyone sees it that way and  some investors remain cautious, wanting to see where things land before making any big moves.  

At the end of the day, reasonable minds can disagree on this stuff.  I don't think either view makes someone naive or foolish.  It really comes down to your own investing style and stomach for risk.  But one thing's for sure - Bitcoin keeps things interesting! Its price swings tend to spark lively debates, thats for sure.

Bitcoin price keeps surprising us whether it’s bound to move upward or backward. What’s important is, despite of those inevitable news and updates effects, we all know bitcoin price won’t stay low forever, but it will always recover and skyrocket in the long run. However, the problem is bitcoin has always been mysterious that’s why it’s hard to predict accurately what will be the next move for bitcoin. But if you keep hodling your coins, you’ll have no reason to lose in the end.

[jrrsparkles]

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

[malah]

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Bitcoin can be accessed by all people in the world for those who know how to do it mate, the US does not have the largest number of Bitcoin users, so don't be afraid of Bitcoin, there are still many people out there who will buy Bitcoin at whatever price is offered on it. they will buy the market. It's best if you don't have Bitcoin yet, you can immediately buy Bitcoin in large amounts because soon the bullrun will come.

[pinggoki]

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Or you can just look at the market and see that the movement is a pattern that would likely be recreated from past price movements, that's what most of these institutions and crypto influencers are basing their predictions on, they're not on some kind of baseless prediction so you don't have to be too skeptical about how they're doing their things. I can agree with you about not having any full correction yet though, I think that there's going to be a really big price correction coming, I guess we just need to split up all of the money that we're using for investment just so we can cover that possibility.

[Kemarit]

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Or you can just look at the market and see that the movement is a pattern that would likely be recreated from past price movements, that's what most of these institutions and crypto influencers are basing their predictions on, they're not on some kind of baseless prediction so you don't have to be too skeptical about how they're doing their things. I can agree with you about not having any full correction yet though, I think that there's going to be a really big price correction coming, I guess we just need to split up all of the money that we're using for investment just so we can cover that possibility.

Let's just wait though, as per what I read, it was due to the good news that the inflation rate is somewhat slowing down in the US. And with that, the whales and retail investors moving in because of this positive news.

First order of the day though is not $72,000 but $70,000. This whole number is somewhat hard to break, but once we got into a good momentum and reach that price then obviously the next jump will be a new all time high next month.

[legendbtc]

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

OP is not saying that the fate of bitcoin depends on any authority, what he is saying is that news about inflation, interest rates will have an impact on bitcoin in the short term and that is true. Bitcoin is clearly being affected by inflation-related news, let's not try to deny it.

If you think that bitcoin is completely independent of the outside world and is not affected by any factors from the world economy. What is the reason why bitcoin skyrocketed to 66 thousand USD? And is it just a coincidence that when CPI was announced, bitcoin immediately increased again? By the way, what evidence do you rely on to prove that bitcoin will touch $72k in the coming days and it will not be affected by any news?

[YOSHIE]

I believe Bitcoin will surge to new heights after this dip

We know that everyone has their own speculation and understanding of Bitcoin after the halving occurred. We understand that it is everyone's right to consider how to consider it, experiences that have occurred after the halving, changes in Bitcoin are certain, but not for spikes, most likely towards a bear market.

But whatever happens, we remain committed to our own speculation, maybe it's for the best, for me a fall is more promising than a surge, Basically I hope the best for all Bitcoin users, whether they are in investment, trading and so on.

[Dailyscript]

Perhaps your right all along. Bitcoin has recovered in the last 24 hours and its doing extremely well now. I always tell people who are panicking that they should take a chill pill. Its a matter of time we would see the price of Bitcoin back to the ATH. Even so, it is not certain that the price wont drop a little before it reaches there.

Since so many are predicting 100k on or before December then the best time for Bitcoin to reach 8k should be in June. This is my speculating if we dont see the price of Bitcoin around 78k to 85k in the middle of the year then it may not reach the 100k target by December.

[OgNasty]

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months.  That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs.  I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months.  Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year.  This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

[ScamViruS]

Bitcoin can be accessed by all people in the world for those who know how to do it mate, the US does not have the largest number of Bitcoin users, so don't be afraid of Bitcoin, there are still many people out there who will buy Bitcoin at whatever price is offered on it. they will buy the market. It's best if you don't have Bitcoin yet, you can immediately buy Bitcoin in large amounts because soon the bullrun will come.

New investors are coming to invest in Bitcoin and the number of Bitcoin users is also increasing. The Bitcoin bull market attracts more new Bitcoin users to invest in Bitcoin, as we have seen in the past how quickly the number of Bitcoin users grew. The current stage of the Bitcoin market is very interesting, as the market rebounds after every Bitcoin correction, which proves how much interest investors have in Bitcoin. So I expect Bitcoin to go back to new ATH very soon

[goaldigger]

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months.  That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs.  I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months.  Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year.  This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

There’s still a big chance for Bitcoin to reach that price, probably we are just waiting for the right momentum and timing in the market. There’s also a big speculation going on with Bitcoin, let’s see if it will create an up trend in the coming weeks. Don’t just sit there, do some actions that can make you more ready once the market started to pump again, better to play long with Bitcoin.

[Yukyzu]

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months.  That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs.  I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months.  Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year.  This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

There’s still a big chance for Bitcoin to reach that price, probably we are just waiting for the right momentum and timing in the market. There’s also a big speculation going on with Bitcoin, let’s see if it will create an up trend in the coming weeks. Don’t just sit there, do some actions that can make you more ready once the market started to pump again, better to play long with Bitcoin.

For now, we still have the opportunity to continue accumulating the amount of Bitcoin according to our abilities and we must be able to try as much as possible to be able to accumulate it so that we can enjoy the profits when the price increases later, if we just sit back and don't do anything, of course we can only look at other people who have achieved success and indeed it would be better if we could invest in the long term in Bitcoin to be able to profit from it.

[blckhawk]

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months.  That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs.  I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months.  Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year.  This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

Nothing wrong with wishful thinking besides it's following some form of pattern that indicates a growth so you're still good with the prediction that the price might be able to go up more than the current all-time high, I didn't know that the Mt. Gox coins would be distributed this month already, I thought that there's going to be some procedures that would involve claims and documents for proof that you've got something stolen from you by the hacks that happened to Mt. Gox. Damn, I do hope that you're right about the price going 100k beyond this year, just recently made a bet with my friend over a bottle of beer about this one, he doesn't have the belief that bitcoin would be able to go to that $100,000 milestone this year and I've taken that bet with him and so far with all the things that's considered about the movement of bitcoin price right now, I think I'm going to win that $100 bet from him.