Bitcoin is heading to $40,000.

[kirubel]

The bitcoin price is showing a huge increase and the price is increasing constantly before some days it was about $34k and now at this time (November 20 /2023) the price is around $37,400 and still it is increasing before few hours when i try to trad with bitcoin the price was around $34,100 but now wow its heading to $40k.
Do you think bitcoin will hit $40k before new year?

 

[fcbetting]

I think it will not. Christmas is coming and people will spend more money on gifts and party. Some travels to. That means less invest in any niche especially crypto. This is behaviof for 90% users. Professional traders are something else.

 

[Stardom22]

I hope it will continue to increase. Most investors like it when the prices for the Crypto currency especially the bitcoin keeps on increasing with time. Those invested in the crypto must be smiling by now.

 

[kirubel]

I think it will not. Christmas is coming and people will spend more money on gifts and party. Some travels to. That means less invest in any niche especially crypto. This is behaviof for 90% users. Professional traders are something else.

To be honest i didn't think about this, you are absolutely right, since peoples use their bitcoins and other crypto coins for shopping and for buying gifts and some goods for the holy day then the price will drop and yeah you have a good point.

 

[nomad]

I think Bitcoin will reach $40 by the end of this year. My belief is based on a couple of things, and one of them is the SEC's approval of Bitcoin and Ethereum EFTs

 

[kirubel]

I think Bitcoin will reach $40 by the end of this year. My belief is based on a couple of things, and one of them is the SEC's approval of Bitcoin and Ethereum EFTs

I was also thinking this way but a comember of this forum stated a good view why the price of bitcoin will not increase, the comember says states that we have a big holiday upcoming the Christmas and peoples will sell their bitcoin with leads to dropping price.