This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.
The resistance is without a doubt there however I do not really think is going to take long for bitcoin to surpass that level, after all even if it seems a key level for many I really do not think that is the case because it is too close to the all time high, so at the worst I expect a few days or maybe a few weeks in which we are going to be near the current levels and then out of nowhere that resistance is going to melt as if it was never there.
And since this is going to take so little time I do not really see the need to be worried about it unless you are a short term trader, if you are an investor then it doesn't really matter if bitcoin surpasses that level in a few days or weeks, we know that it is going to do it so just relax and let bitcoin do its thing.
Hm who knows, it could be similar to the $30k level we just had. Was going back and forth there, too. It looks healthy however, but those who got burned buying at $65k and selling again when they panicked might not be willing to risk it and burn their fingers again. I would like to know who the buyers are at these levels. Institutions, people who own Bitcoin anyway, or people who are new to crypto and now deem this a possibility to make some profit because they know where we came from?