Will Bitcoin rise again? Insights from a renowned investor

Question

【Blockchain Rhythm】Bitcoin has fallen from its peak last year, and many people have started to worry. However, some investors recently expressed different opinions on forums. They believe that although the price has indeed dropped, the long-term logic of Bitcoin has not changed — this is more a matter of timing, not direction. The fundamentals are solid, and currently, the market is just undergoing repeated consolidation.

What does he think about Bitcoin’s recent trend? He hopes it will rebound within the range of to @E5@ USD. Of course, Bitcoin is Bitcoin; it can rise as it wishes, and no one can predict it accurately. But overall, he is cautiously optimistic and believes this year shouldn’t be too bad.

It is worth mentioning that this investor also stated in August last year that he held a large amount of Bitcoin and remained confident that the end-of-year price could reach to @E5@ USD. Based on his previous views, he still holds a relatively firm outlook on Bitcoin’s long-term potential.

LuckyBlindCat · Accepted Answer

It's starting to sound like the fundamentals are no longer an issue; I'm tired of this rhetoric.

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12.5-15K rebound? I bet five bucks it will break the bottom.

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Last year they said 18-20K, this year they changed to 12.5-15K, can investors believe what they say?

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Cautiously optimistic means they haven't got anything under control.

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Timing isn't the same as direction; that’s a really nice way to put it.

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Repetitive consolidation is just cutting people, right?

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Just wait for them to rescue the trapped positions; anyway, no rush.

DefiPlaybook · Answer

Is the rebound at 125,000-150,000? How did this guy sound so confident last year when he said 180,000-200,000? [Dog Head]

Just let the consolidation be, anyway, seasoned traders are used to it, mainly just don't cut into our median this time.

I've heard the long-term logic many times, but indeed... it seems like it has never lied to anyone?

How are the on-chain data? Can we talk about the movements of big players? Just listening to the hype about price, we also need to see what’s really happening on the chain.

If this time it can truly stay above 150,000, I need to reassess my risk exposure.

quietly_staking · Answer

Consolidation is just consolidation, anyway I'm not in a hurry to sell. As long as the long-term logic hasn't changed, that's enough.

StablecoinAnxiety · Answer

Here comes the price prediction again. I'm already tired of this logic. 125,000 to 150,000? Sounds nice, but it wouldn't be surprising if it drops to 80,000 by then.

Last August, confidence was high with predictions of 180,000 to 200,000. Now, the tone has shifted to cautious optimism. Investors' confidence really fluctuates with the market.

Long-term bullish with short-term consolidation— isn't that obvious? Who doesn't want a definitive answer?

Honestly, the hardest part now isn't judging the direction, but maintaining the mindset to hold without panic selling.

AltcoinMarathoner · Answer

just like mile 20 in a marathon, these pullbacks are where most sprinters quit. fundamentals haven't changed, accumulation phase continues fr

Will Bitcoin rise again? Insights from a renowned investor

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