If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.
My analysis, this is a correction for the next cycle. The 46k7 milestone may not have been maintained and correction is inevitable. This is not a big dip, so I will buy accumulatively here. I am more interested in taproot that can be activated in November of this year, it will help reduce gas significantly, the highest possibility in terms of security. Limit FUD media trust and go into the main goal of building bitcoin will be profit core
The correction is already happening but I think there will be more corrections that will happen later.
The price seems to want to break the high price but I do not know if the price can do that or we will see the other correction because the situation is hard to predict.
A few hours ago, the bitcoin price is just up and down and if I check on the market, the price actually needs to go down for a while, but there is a big demand to buy and want to hold the price not go down.
It is interesting because the war happens in the market and I am curious about what happens later.
Good news is now coming another good news is that the AMC Entertainment Holdings, which runs the largest movie theatre chain in the United States, is set to start accepting bitcoin payments for tickets and concessions by the end of this year. I think this is a good year for crypto and I am expecting btc to hit 100k$ before year end so keep buying and gain.
Well, another good news for bitcoin.
It gives more chances to bitcoin doing another bull run and people will buy more before they are too late.
We might see a panic buying from people who see the good news and consider that maybe this time for bitcoin to start the next rally.
If the bitcoin price can reach $50k this month or even jump to $50k in a short time, that can make people do not want to miss the chance to make a big profit from bitcoin.
But people need to be ready with the correction because the price seems not easy to break $47k so it is better to prepare for some funds.
It will not be easy to pass the challenge towards $50k I think this is still a cycle from the current market situation and maybe it will definitely correct again with that we can prepare what efforts we are doing during that time and I think don't just think slow how about a big correction because for I don't think that will happen, what is clear now is that it's time to standby and buy if you are ready, therefore to redeem $50k will be immediately with the existing cycle.
But every time there is good news there will be bad news, so preparations must be made.
Indeed. It is still difficult towards $50k and it needs more demands that can lift the price to go to that price.
But I am sure that sooner or later, the price will increase sooner or later even if that will slowly because when the good news comes again, it can help the price go up.
But I do not think the big correction will happen again as that can make some people or traders not ready and panic.
But if that really happens, we might go back to the lowest price and needs to wait for some time to see the price start another rally.