Ifective
Guest
Sometimes, it is very hard to predict bitcoin as it can fall and rise before your eyes depend on the quantity bought or sold at the moment. Nevertheless, in coming months and even years, it is bound to rise even up to 70,000
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From experience I think we can hold bitcoin up to $70000, at this point you can sell 25% while you wait for dip.to buy back , if it reaches $75,000 sell another 30% and wait for dip.Sometimes, it is very hard to predict bitcoin as it can fall and rise before your eyes depend on the quantity bought or sold at the moment. Nevertheless, in coming months and even years, it is bound to rise even up to 70,000
Personally I believe that in the short term we are likely to see the price of Bitcoin decline. Typically in the past whenever we saw a massive increase in price there was always a correction factor which resulted in a drop in the price. However when it comes to long-term predictions I do believe that bitcoin will continue to increase and by the end of the year we are likely to see 100000 dollar price.The total crypto market cap has reached more than USD$ 2 Trillion. What are your short and long-term price predictions for Bitcoin?
There was even a time bitcoins rose to 60 thousand dollars. After the $6000 there was a constant downstrend and this down trend continues till now which the current price of bitcoins is 20, 000 dollars.At this moment, bitcoin is at $37K. This is not the favorable time for bitcoin market. However, if you want to invest, you can try investing at this time when the price is low