Quote from: bennydorano on February 27, 2024, 12:18:56 PMQuote from: Smokin Joe on January 15, 2024, 01:50:28 PMStill going up - fairly rapidly recently. Any reasons why?Quote from: bennydorano on January 15, 2024, 09:11:33 AMAny experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend
Yeah, I wouldn't be buying now. It's been about 3 months of pretty straight up price increases, so I would expect a consolidation for a while. I see a decent chance it drops to $32k-ish within the next 6 or 8 weeks.
Of course it continue to go straight up, but I don't think that's the most likely outcome given it's run up in advance of the spot ETF announcement.
I'm still very confident of it going much higher by the end of 2025 (based on its cycle history), but I could see a short term cool off.
I use it mostly for euro exchanges, free money lately, can't go on much longer.
Volume of it since ETFs were approved has been ridiculous, after Greyscale stopped dumping it the price was always going to rise.
Nvidia had massive profits a few days ago and because a lot of Bitcoin mining is done by GPUs it's benefited from those profits. Also Old Timers (Stock markets) are at their highest levels since the 2008 crash means that money is flowing out into other ventures.
Charts aren't good for the end of 2025 so if anyone's Holding any crypto imo I'd be wanting to sell everything latest next June