Do you think Bitcoin can still reach $70,000?

[pippin]

Unfortunately, I bought 1 Bitcoin at $70,000 and now I'm very worried

You should be happy now brother if you had the balls to hold it till Trump election and after. I also keep long position on HFM with 1:1 expect it to reach 200K in 1-2 year

 

[Fxzombie]

The Bitcoin market is crazy, although the price of Bitcoin is now at $97k, this is more than the expected $70, is it possible that the price will continue to rise to reach $100k? Even though the fear and greed indicator is already showing the number 87.

 

[nuytran23]

no one knows what will happen and there is no point in waiting

 

[Fxzombie]

Bitcoin is now trading at around $98k on Christmas, trying to climb after consecutive declines the previous week.

 

[Fxzombie]

This year, since the beginning of mid-January, Bitcoin has been under more pressure despite USD more weaker and moving below $100k, now Bitcoin is around $95k, moving in the range between the middle band and lower band.

 

[Fxzombie]

Today Bitcoin depreciated again, and the price fell to around $91k from the previous range of $96k, bearish sentiment on Bitcoin is inversely proportional to the movement of gold which tends to rise.

 

[Fxzombie]

Bitcoin's price in early 2025 seems to be under more pressure, This is a bit strange because the USD is weakening more, as seen from the declining dollar index. Bitcoin has now dropped again to the $80k range.

 

[Fxzombie]

Bitcoin's price today is again under downward pressure and has reached the price level of $ 77k. The plunge in Bitcoin et al. is in line with the news that Trump will sign an executive order instructing the presidential working group to establish a strategic crypto reserve that includes ADA, XRP, SOL, Bitcoin (BTC), and Ether (ETH).