Officially we haven't touch $60k yet, as high as $59,400 though.
And yes for obvious reasons we will see two outcome, either we go to higher after $60k or see a huge dump again to $53k. Was hoping for the former though, and hope that $60k or higher, the price will be sustainable and then go to $70k next month.
Yes it is very much possible to reach $70k in next month. Though it is really tough to predict crypto currency price but we are seeing a great move of bitcoin. I hope bitcoin will touch $100k in this year.
The weird thing is, we are higher in price right now than any moment before March, so we should all be in profit except just a few people, I do not get people who do not really have enough money to cover this kind of loss if they are just starting new, obviously anyone with a grain of mind would not go all-in right at the peak price, sure you may want to buy but at least buy it with money you can afford to lose plus have some cash aside to get in even more if it falls, why go all in when the price is at all time high? That is why I do not think that many people are losing money, they are just losing profit.
And making this much noise over lost profit makes no sense to me. In any case lets just focus on whats going on and if this is just a correction or a crash, price peaked at 62k and dropped to 50k and reached to 59k recently, so maybe its like that?
We are experimenting that same condition you asked for, and I think it makes our economy a lot more stronger, it is obvious that crypto can't go up forever without a single drop, that is impossible because it would require so much money kept in it making insane profits, doubling even tripling our profits without anyone taking out profits, that doesn't sound reasonable and it wouldn't be realistic neither, it just doesn't make sense.
However with these corrections we are finally seeing that profit taking and this is not running away or being scared or panic selling etc etc that we see in 10%+ losses, hopefully we do not get there this run because I do not like them and it takes longer time to recover, but as of right now we are at a level where we actually do not care about the drop since it is small while some people are finally taking out their profits from holding bitcoin.
It is very difficult for it to rise above $59k, there is enormous resistance, but I think that once that price wall is removed, bitcoin will touch $75k, from there everything is profit because they would be new ATH and seeing everything As it all goes, many are waiting for Bitcoin to hit $ 100k to sell.
At the moment, we can expect it to top $60k, park for a while for $65k and from there it will go up to $75k, some are betting that it can quickly reach $80k but an offer can be made, and if the news tailored go are better, emotions in people will make it reach $100k this month, of course that is my totally optimistic and bullish point of view.
