Do you see BTC hitting $60K anytime soon again?

[Fidelia]

Bitcoin has slumped below $60K over the last two weeks. As it stands, it stands at about $57K . Do you think that it would ever get to that 60$ level anytime soon?

 

[Webster]

I think it will; it couldn't stay above $60k the way it was going so I suspect it'll find a spot in high 40's to low 50's and stay there for a while before going back up.

 

[Suba]

In my opinion, the price of Bitcoin this month (July) will fall below $55k, but there will be a price spike ahead of the US presidential election which will be held in early November this year.

 

[Fidelia]

As it stands, I don't even know what to expect but let's hope it won't fall beyond the 50k region anytime soon.

 

[Webster]

In my opinion, the price of Bitcoin this month (July) will fall below $55k, but there will be a price spike ahead of the US presidential election which will be held in early November this year.

As it stands, I don't even know what to expect but let's hope it won't fall beyond the 50k region anytime soon.

Germany's Off-Loading of Bitcoin and the Effects on the Crypto Markets

CNBC: Germany Owns $2 billion in Bitcoin - Its' Freaking Out InvestorsFor weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. Last month, the German government began selling...

discussionbucks.com

Germany's offloading of nearly a billion in Bitcoin sure didn't help....

 

[Suba]

These are all just predictions, the accuracy of the Bitcoin price will depend on market conditions and the factors that influence it. Apart from that, increases in interest rates set by the Fed often have a negative impact on Bitcoin.

 

[King Belieal]

Germany's Off-Loading of Bitcoin and the Effects on the Crypto Markets

CNBC: Germany Owns $2 billion in Bitcoin - Its' Freaking Out InvestorsFor weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. Last month, the German government began selling...

discussionbucks.com

Germany's offloading of nearly a billion in Bitcoin sure didn't help....

Why did the German government decide to sell the bitcoin? Is it that they no longer believed in it?

 

[King Belieal]

That has always been the bane of Bitcoin. Whoever thought that it would be going back to $60k this soon when people were already predicting a doom's day.

 

[Laurentta]

I think it will hit 60k dollar soon. We just have to be a little patient.

 

[riberet19]

Right now it's close to $56k again, a bit far from 60k, but it can touch them again with any small positive news in the crypto ecosystem, it's very volatile so it can come back at any time