Quote from: JohnBitCo on Today at 10:12:15 AM

Quote from: Gcrypto786 on August 05, 2021, 12:24:50 PM

Greetings Bitcoin Talk Users,

As we have already seen the market fluctuation and the price dumped of BTC from $60k to $30k but in the last few days BTC is pumped again and the price crosses $40k. I think if BTC is not targeted again by Whales then the price will cross $50k within this month. What's your opinion?

Looking at the current surge in the Bitcoin prices it seems that Bitcoin will across 50,000 easily in the month of August. For sure they will be so much psychologal resistance at 50k level and price mid-term may reach 45 to 42K but this is nothing to worry because in the mid term we will break the all time high.

Also the bull run is not over yet. So we need to take care of this aspect also while speculating the prices.

Surely it is not "easily" to pass 50k+ because it is both easy but also very hard. Bitcoin price could be 100k in 2021 before we get to 2022, but it could be 10k as well, we have no idea which one will happen first. All we know right now is the fact that bitcoin is doing fine and hopefully it will keep doing fine as well. I personally believe that we may end up doing not so bad as well, I agree that 50k is the direction we are going right now, but that doesn't change the fact that bitcoin is not there just yet, we are just at 45-46k levels which is very close to 50k but it is not at 50k, we could have a very steep fall from here to 30k in under a week and everyone knows that it is quite possible. Like I said, I am not saying it will drop, I am not saying it will go up, all I am saying is that it is not that easy to go up, it takes a bit of hype for it.