bitcoin is suffering from artificial gravity

Could it be that BTC is actu­al­ly being pushed up by peo­ple?

It might be a pos­si­bil­i­ty because it would seem that now that the first cryp­tocur­ren­cy has reached 60,000 the next goal is $70,000 but is that real­ly what is hap­pen­ing?

Some have pos­tu­lat­ed that 100,000 is what BTC should be by the end of 2021 oth­ers say 2025 but in real­i­ty the real price may be much low­er.

Over the last four days the price went from the high 50s to 61,500 or per­haps even a lit­tle more.

log­i­cal­ly and math­e­mat­i­cal­ly the price should have returned to around 55,000 at least a lot of econ­o­mists seemed to indi­cate that a low­er price would be more fea­si­ble.

How­ev­er it looks like the price keeps mov­ing between 59,500 and 61,400 this is defy­ing grav­i­ty at least that is what it looks like.

Per­haps it will go up to 70,000 and if it does will it drop sud­den­ly to a much low­er and log­i­cal price?

On some of the forums such as bit­cointalk dis­cus­sions ranged from sur­prise to dis­be­lief with one poster sug­gest­ing that the stim­u­lus checks might play a big part of this sud­den rise.

How­ev­er, the aver­age per­son is not as like­ly to be so BTC savvy and the sug­ges­tion that peo­ple will be buy­ing bit­coin is not real­ly log­i­cal either.

So, will Bit­coin start mov­ing high­er or will it begin to go low­er.

One thing is clear a cor­rec­tion is like­ly soon­er than lat­er but just about every­one has been wrong about BTC over the last few years any­way so any­thing could hap­pen.

I would be cau­tious, (dis­claimer, this is not finan­cial advice) because some peo­ple might believe that the price is going up and buy in at this some­what inflat­ed price only to watch in hor­ror as the price goes back down to the 50,000 again.

If it does go back down it is like­ly to stay down for a good long while.

Mean­ing that if you buy now, you are going to have to wait per­haps as long as six months to see a return and a lot of peo­ple are prob­a­bly not going to be able to do that.

I sus­pect that in the next few days, we are going to see a low­er price prob­a­bly around the 57,000 to 58,000.

Just do your research oth­er­wise you may find that putting mon­ey into BTC now may back­fire.