Are you now starting to doubt those predictions who are saying that bitcoin will reach $30,000 by the end of the year? There's more to come for this year and we're just half of it and we are starting to get into 3rd quarter and if there will be no action seen on that quarter, there is still the last hope which is the last quarter for this year. We are in part of the history where bitcoin has fall that much and if you do believe those predictions, there's nothing wrong with it as I do believe about $25,000-$30,000 by the end.
Anyone with common sense would think that Bitcoin won't even surpass 15k$ this year.Indeed;in my opinion Bitcoin will end this year playing between 5000$ and 10000$.Simply because who the heck would like to push the price now.Investors are demotivated (From 20k to 6k it's really scary),Bitcoin has to rebuild trust among it's supporters and ofcourse it will take time.
Absolutely what I believe would end up happening. We are thinking too far to imagine the possibility of hitting even past the previous ATH or getting close to it. Hopefully, we will get to definitely see this happen maybe next year, but definitely not this one.
As far as I am concerned, as it is now, the bears are in charge and the possibility of hitting huge low is still there and after that, it is definite we are going to be consolidating for a while which will give room for a lot of accumulation during this period before we can even start thinking of any serious move upward.