[gwolf666]

Today BTC is priced at $92,957 but is experiencing a slight decline. What do you think will happen tomorrow? Will the price continue to fall or will it surpass $92,000, reaching $93,000?

[Fergal]

I never predicted that the price of Bitcoin would reach the high levels it has today or would ever reach the 100K value. I'd like to be able to predict the price of it so that I could profit from it, unfortuantely I don't have that ability at the moment

[usahacker]

There is a possibility of Bitcoin dropping to the $92,957 level, as it is considered a critical support zone by some analysts, but it would likely require significant negative macroeconomic or market events to occur.

[ptrikha21]

BTC would keep on swinging.
May be after a few months, once the euphoria for Gold & Silver has subsided, people might flock to BTC in bigger numbers.
Or it could be range bound within +- 5 to 10%.

[germainebull]

May be after a few months, once the euphoria for Gold & Silver has subsided, people might flock to BTC in bigger numbers.

The bull market trend on the street shows that many people have been fleeing to gold and silver as safe havens for a long time now. The current economic situation has caused these metals to rise in price sharply while Bitcoin seems to be floundering at low levels on the street. History shows that Bitcoin often follows the trend of gold with a slight lag, which can lead to great excitement ahead. This could be a bull cycle where capital will start to move from metals to digital assets after things calm down on the street.

[ptrikha21]

All the major Crypto currencies are struggling.
I have not seen the forecasts but the last few weeks movements suggest we are in for a kind of Crypto slowdown.
Not sure if the current Middle East crisis would put these currencies in a higher orbit or do we see further depression.

[germainebull]

Are cryptocurrencies still facing difficulties?

[gwolf666]

It's normal that it's been down these past few months since the beginning of the year; nothing goes up in a straight line, it needs a pause before it can rise again. It's still struggling to recover, but it's very likely that by the end of the year it will have climbed back up to where it was or even surpassed it, unless some strange event occurs that disrupts everything, like the COVID lockdown. But if not, everything should proceed normally as usual.