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).

 

[Fxzombie]

Bitcoin price is now trading around $83k, trying to recover after dropping to low $76k. The fear and greed index indicator is at level 21, including market extreme fear, which allows big investors to try to enter at a price under value, which could push the price back up.

 

[Fxzombie]

Bitcoin seems to be consolidating around $83k, after hitting a low of $76k on March 11, Bitcoin tried to recover but stayed below $85k. The fear and Greed indicator at 23 means extreme market fear and possible reversal.

 

[Fxzombie]

Bitcoin is now trying to rise at $86k crossing the middle band line indicating a recovery after dropping at a low of $76k. The RSI has crossed the oversold level which allows a reversal, while the fear and greed index is now showing a value of 23 which means extreme market fear. The value of the fear and greed indicator approaching zero allows a correction because the price is considered undervalued.

 

[Fxzombie]

Bitcoin seems to still be in an accumulation phase near the middle band line. The price is moving more in the range of $83k-$84k, yesterday drawing a bearish candle with a long wick on the top candle. The Fear and Greed indicator is now showing a number of 27 higher than the previous 23, this is an indication that new investors are starting to enter.

 

[Fxzombie]

Today Bitcoin is trading around $86k trying to rise extending the previous day's increase. The fear and greed index has risen to level 27 from the previous level of 23, indicating that investors are entering to push the value of Bitcoin.