Topic: 26k mark finally breached - page 8. (Read 819 times)
It is difficult to accurately predict how bitcoin price will move throughout the month of March. Of course we hope that the current bitcoin price movement will continue to rise, at least it can reach above $30k until the end of March. Therefore, let's see how far the current movement continues, whether the current price will continue or be corrected again from the current price.
What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.
I was very surprised that the price was able to break through the 25k mark so quickly. Last time it looked like 25k is a hard limit to break. Well, now we're scratching at 26k. It's kind of unbelievable how quickly prices have changed in the last few weeks. It is currently difficult to say whether the price can be maintained in the long term. I am and remain skeptical about the current price increase and hope it is not just a brief price flare-up that then quickly dries up. 
What's special about $26k, and it wasn't at $25k or will it be at $28k when it happens? I have written many times that I do not expect a big bull run to happen before the next halving, and I don't think it is happening now. Not too long ago we were at $25k+ and back under $20k again, and who's to say this isn't another bull trap?
What is a little strange is that this pump is happening at a time when some US banks are failing, and especially when one of the largest is failing. I watched a program on local TV and in the context of that story, a man commented on the whole situation with the banks with the sentence "so what were we supposed to do with our money, invest everything in cryptocurrencies?"
Perhaps one of the possible explanations for why the price of BTC is rising is that some have decided to withdraw money from banks and invest in Bitcoin - because banks have proven to be a very bad choice - not only are their interest rates close to zero, but they literally collapse overnight.
What is a little strange is that this pump is happening at a time when some US banks are failing, and especially when one of the largest is failing. I watched a program on local TV and in the context of that story, a man commented on the whole situation with the banks with the sentence "so what were we supposed to do with our money, invest everything in cryptocurrencies?"
Perhaps one of the possible explanations for why the price of BTC is rising is that some have decided to withdraw money from banks and invest in Bitcoin - because banks have proven to be a very bad choice - not only are their interest rates close to zero, but they literally collapse overnight.
I think Bitcoin hitting $30,000 by the end of the month is more likely than not. I also think we may never see below $20K again, but those are always famous last words. I'm sure we'll see a bit of profit taking before the next leg up, but when we do move up again I believe it will be a strong move that pushes up right against the $30K resistance level. The new bull market has begun and people are getting their seats reserved for the next rocket ride for the moon. All aboard!
Bitcoin finally climbs 26k and it's definitely looking more like a bullish trend now as many new investors were worried from it massive drop from its 25k to around 19k in the month of March. For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.
What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.
What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.
Jump to: