I think the stability were seeing in the market is a strong base being built on $30K. The dips below are getting shorter and shorter, so theres clearly buying interest at that level. While I hate to be the guy to say it, I do think that in 10 months from now we will likely never see a Bitcoin price below $30K ever again in our lifetimes.
Bitcoin could hit $100k by the end of 2024 -
by British Multinational Bank Standard Chartered.Yes but it is true that Bitcoin has been hovering around and above $30k for a long time. All these investors who were hostile towards Bitcoin have recently started to comment positively on Bitcoin. So it goes without saying that Bitcoin will not drop below $30000 in the coming days. It is also possible that Bitcoin will exceed $40,000 from next August.
