Hello friends of Project Hope, I hope you are well, and have a great weekend. I would like to share today my vision regarding the current market reality regarding the price of Bitcoin. At least that reality that we can see, because logically there is always a lot behind this, that we do not know.
There is uncertainty today, but uncertainty in the crypto environment is common, especially in key moments like the current one, where the price of Bitcoin is at a crucial point. With the halving, yes, that event that halves the reward of Bitcoin miners, historically there have been significant declines in the price of this cryptocurrency, sometimes up to 30%, but can the same thing happen right now?
Currently, we are in a similar situation, with the price of Bitcoin hovering around $62-64k, which is an important support level. Many are wondering if this time will be different, if we will see a drop similar to that of previous halvings or if Bitcoin will manage to stay above this level. And rather go up from there on. Nobody knows.
Faced with this uncertainty, the most important thing is to stay calm and be cautious when investing. While it is exciting to be a part of the world of cryptocurrencies and the possibility of making significant profits, it is also important to remember that the market is volatile and can change quickly. Which will always imply the possibility of winning well, as well as losing too, therefore, caution…
Personally, I must say that I am optimistic in the medium-long term, but since my vision is in that period of time, long-term above all, I would not be worried about a drop in the coming days.
