Bitcoin at $80k in May ?

The Bitcoin price in the market as of now is around 70000 and it keeps on moving up and down since last couple of days. There was a time in the price was gone below $65000 as well but now it is back above $65k USD price mark how we can say that it is almost at $70k price. Technically Bitcoin has got its all time high price and also created new all time hi which is surely not a bigger one as compared to what we had in the past but looks like it will be able to create its new all time high you the significant gap from the last price which was $69k in year 2021..

The Bitcoin halving event is less than a month now and to be precise it will be happening somewhere around 21st April hence we are just 25 days away to witness this event. Some people are expecting that the Bitcoin price is going to touch 80k US dollars price mark in the month of May which is like just after the halving event this price will be possible in the market.

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While studying about the Bitcoin and how is it going these days I got to see some data which is quite interesting and third of sharing here. Last 6 month a significant amount of institutional money has shown into Bitcoin and this is why we can see how the price has triggered that has also crossed its all time high price even before having. This has changed its historical trend and this is just the beginning. Has been expect more money to come from the institutional investors hence the price can surely go up and 80000 US dollars 5 mark is not a big deal I believe.

📢 Institutional funds of $86B entered the Bitcoin market in the past 6 months.

Experts are expecting the Bitcoin price to reach 100K within this year and I believe this is quite possible. We have seen how the Bitcoin price has crossed its all time high price in just a matter of month then can you imagine if the rally from 70k to 100k will take roughly about one month so. Some people booked profit when the Bitcoin price was more than 70k and I think that was a right Move because it was dropped to 65k so they could have buyback to increase their Bitcoin inventory.

As of now in Crypto market things are getting excited and I believe once the Bitcoin cross its 100K USD price mark then we will see similar momentum on alt coins as well. Currently we are not in the Bull run market but its not far away because I expect that this year 2024 will take us to the Bull run and this one is also going to be the biggest one so far hence it is the time for us to be ready deal with that market sentiment and make profits. Even now it is not too late to invest because the price we are expecting for Bitcoin is way I heard than the current price in the long term.

It's not a financial advise but if you believe in Bitcoin and you expect that it is going to grow a lot since lot of people are coming into Bitcoin as part of their exit strategy then it is going to be beneficial and profitable even now well it is available at its all time high price.

I had paused my DCA investment because the price was going up but cm's like it is the time when I need to start it. This is a fantastic way to invest encrypt obvious the price we get on average is always the lowest and it does not require any manual intervention since everything is taken care by the exchange itself and I prefer doing this. Even if the Bitcoin rate ATK in my month then also not going to sell as its not my selling price point.

Thank you

Posted Using InLeo Alpha