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Do you see BTC hitting $60K anytime soon again?
- Thread starter Fidelia
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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.
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.
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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...
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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.
Why did the German government decide to sell the bitcoin? Is it that they no longer believed in it?Germany's offloading of nearly a billion in Bitcoin sure didn't help....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...
At present Bitcoin is $59318 so I think it will hit 60K within one week. The prices of bitcoin are fluctuating very rapidly, it is usually difficult to predict the price accurately.
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.
I think it will hit 60k dollar soon. We just have to be a little patient.
riberet19
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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
