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?
In my opinion Bitcoin is still continuing the trend of price strengthening. Technically, bitcoin will be stuck at MA 50 and 100 and then bounce up until it crosses the resistance line. It will likely go up to $50k more. if buyers continue the trend high may be able to re-enter resistance past $50k within the month.
Of course from a technical perspective, the BTC price rally above US$46,000 like what happened a while ago is a pretty encouraging sign for all of us, so that BTC could result in further gains towards $50,000 price resistance in the future, I also think if price resistance BTC is able to pass it in the near future, of course we don't need a long time to see the occurrence of the highest BTC price happening again.