On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given the last one in March 2021, Bitcoin hit $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
The thing is that in cryptocurrency especially Bitcoin don't have a specific increasing point it can increase today and they also decrease tomorrow there is also every tendency that has the price of Bitcoin is at seventy to sixty nine thousand [70k/69k] ot can move back to fifty-five or forty-five thousand [55k/45k] so the price is unpredictable and that is why we don't need to depend on the speculation of Bitcoin price because the price can interchange at any point in time and also what makes the price to continue accelerating is based on the gravity of demand and supply, obvious that when the demand is higher than the supply the price of Bitcoin continue to increase, but when the supply is extremely higher than demand the price decreases.
On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given the last one in March 2021, Bitcoin hit $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
If you know much about bitcoin in cryptocurrency, you should be able to discover that there's no how you can expect the market without being volatile, we have seasons in bitcoin, the bull season and the bear season, we have circles as well where we can accumulate, dispose and the rest, the price fall will determine the current season we are into, the rate of bitcoin supply to demand, the market sales and investors capitalization on bitcoin along with other macro and micro economical influence which are all part of what make up why the market is being volatile to either rise or fall on a particular time.
ordinarily we cannot justify the price of Bitcoin based on it has fall in price before since 2017 when is the increase and also increase back so it is obvious that you got it right that the price of Bitcoin is being determined by the the demand and the supply of the market because when the price is high that means the demand is also high when the price is low that means the supply is higher so that is only thing that we can say about bitcoin and its regulations of price.
Bitcoin always repeat its history if you can see that the price of the bitcoin already surpassed its last all-time high and we are now sitting with the 60k price possible there will be a correction when the halving comes and we expect another pump after the coming months but still no one knows just doing an analysis. Currently, I'm expecting that he market will reach around 80k after the halving and in the middle of the year hoping all of the golden hands gets profit if possible we reached the 100k. If you can accumulate as possible and enjoy the bullrun.
how do you say this is exaggeration because it may be that the price of may not increase more than our expectation after having because what makes the Bitcoin to continue to accelerate in price is when there is a massive adoption in cryptocurrency there is every tendency that the price of Bitcoin will not to reach hundreds thousand as we expected after halving...so the increment of Bitcoin is something we know that is uncontrollable and unpredictable.