With the issue of Mt. Gox, regarding that Collapsed bitcoin exchange will unload $9B of coins into the market, I think that will be bad news. And this might actually make the price of Bitcoin change quite significantly.
Yes, it will depend on how customers treat these coins later. Hopefully it's not so bad. For this month, if I could just redeem $70k I would be very grateful. What is feared because of the Mt Gox issue is that on the contrary, the price of Bitcoin will fall even more, since yesterday this issue circulated, the consequences have been really felt. What if they have indeed returned the coins? Of course this will make the market even more sensitive and it could be worse than this.
At least, keep calm for whatever happens to Bitcoin Market in the future. Let's just say that later we have a much better opportunity to get Bitcoin prices at a much lower rate, before holding them until the next peak bullish season.
Update news about Mt. Gox:
https://www.cnbc.com/2024/07/01/mt-gox-about-to-unload-9-billion-of-bitcoin-what-it-means-for-btc.html
https://www.forbes.com/sites/cryptoconfidential/2024/07/01/mtgox-gusher-dampens-bitcoin-billionaire-cohen-abandons-crypto-vc/
Topic: Are we going to experience above $80k in this month of July. - page 5. (Read 841 times)
Bitcoin will not reach $80l in this month but it might reach that amount in the month of November to February next year. And if we analyse from the historical perspective then the price will be in between $60k to $70k throughout the remaining months until the month of November before things will change again and that was what happened in the 2022 and from reading previous articles it also happened in 2023 too.
So we should only expect that price you are saying from November and not now.
So we should only expect that price you are saying from November and not now.
Anything seems possible to happen in the market, we can only think of what we expect to see from the market but may go either way, a dip or bull we don't know for now. Yet we can only maintain a positive mindset towards the market and yes, Bitcoin at $80k in this month of July is realistic. We also don't have to expect much because it may aswell go below what is expected, instead we should focus more on buying.
There's not much we know except to speculate on the July price, another thread mentioned is it July bitcoin to $75K? Going to $80K is actually still realistic, it's just that we don't know how the market will react, whether it will go sideways or trigger a bullrun.
Approximately this year is still long to end, I draw conclusions there until the end of December to what extent bitcoin will move, whether it will continue to rise or fall into bearish.
I think we can only wait for the moment, we now can't do much except continue to buy because we believe bitcoin will bullrun.
Approximately this year is still long to end, I draw conclusions there until the end of December to what extent bitcoin will move, whether it will continue to rise or fall into bearish.
I think we can only wait for the moment, we now can't do much except continue to buy because we believe bitcoin will bullrun.
Since this thread is for speculations then we will make attempt to predict the direction bitcoin price will go in this month of July, because alot is expected from bitcoin market in this month since we hard a discounted price just some few days before the month of June ended which indicates a more positive outlook for bitcoin in this month.
Although 80k price is achievable but we may likely fall below that price in the July market trends, there have been alot of bitcoin accumulation in the last month and most of the investors displayed long term characteristics which means alot of bitcoin investors are not ready to sell below 100k BTC price, but are ready to accumulate more if the price goes below 60k.
Although 80k price is achievable but we may likely fall below that price in the July market trends, there have been alot of bitcoin accumulation in the last month and most of the investors displayed long term characteristics which means alot of bitcoin investors are not ready to sell below 100k BTC price, but are ready to accumulate more if the price goes below 60k.
Let's be realistic, there's not going to be that many things that would lead the price to go up that much.
Mostly July has been like that because many people kept buying the news on ETFs and Trump making positive statements in regards to crypto. But consider that the news can go as far only. The etf flows now also go the other way. People looking to get rid of BTC or short it force sellouts on exchanges. Also the MtGox BTC gets released etc.
So saying we'll reach 80k in July is too optimistic. Maybe next year
Mostly July has been like that because many people kept buying the news on ETFs and Trump making positive statements in regards to crypto. But consider that the news can go as far only. The etf flows now also go the other way. People looking to get rid of BTC or short it force sellouts on exchanges. Also the MtGox BTC gets released etc.
So saying we'll reach 80k in July is too optimistic. Maybe next year
I mean, 80% is just a measly 25% increase, no?
But yea, though bitcoin frequently surprises us both in the upside and the downside from time to time, I'm not going to bet on such a price increase in a single month. I am indeed bullish on the mid-long term though of course.
The third quarter of the year starts today. I do not expect much in July, perhaps in the months following up to the end of the year, we can speculate on a price of $80k, given that bitcoin is currently trading around $61k.
However, I am not particularly concerned with the bitcoin price at the moment because I will not be selling until next year. So whatever price I see, I go on with it with my weekly DCA strategy without thinking about whether bitcoin price will increase or decrease since the target is next year's bull run.
However, I am not particularly concerned with the bitcoin price at the moment because I will not be selling until next year. So whatever price I see, I go on with it with my weekly DCA strategy without thinking about whether bitcoin price will increase or decrease since the target is next year's bull run.
My speculation on this market is that bitcoin won't go above 70k again this month neither are going to see the price dip below 50k. The price as we may see it would be between just 60-70k till this year runs out, I believe we just have less than 5 months to enter 2025 that is when we could see bitcoin going above what everyone expected but for this year I don't think there is any much effects on the market that would cause bitcoin to see 80-100k this year. Usually we know that market are being driven by news and if there's any positive effects then then we might see bitcoin going above even the 100k we are all expecting but historically expectations is from next year.
Let's be realistic, there's not going to be that many things that would lead the price to go up that much.
Mostly July has been like that because many people kept buying the news on ETFs and Trump making positive statements in regards to crypto. But consider that the news can go as far only. The etf flows now also go the other way. People looking to get rid of BTC or short it force sellouts on exchanges. Also the MtGox BTC gets released etc.
So saying we'll reach 80k in July is too optimistic. Maybe next year
Mostly July has been like that because many people kept buying the news on ETFs and Trump making positive statements in regards to crypto. But consider that the news can go as far only. The etf flows now also go the other way. People looking to get rid of BTC or short it force sellouts on exchanges. Also the MtGox BTC gets released etc.
So saying we'll reach 80k in July is too optimistic. Maybe next year
Happy new month guys, am still learning to improve, I brought this topic to know what people are expecting in this month of July, We have experienced above $70k in this year but the major price many people are waiting to experience from the bull season in this year is $80k above, do you believe that this price will come to pass in this month of July We just entered? Based on the recent moved of the price of bitcoins, I think it will going to move above $80k in this month of July before the lowest price will surface in the market for people to know the bear season has started again.
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