This is a intense battle to get to 50k we are creeping towards it but it keeps taking hits whenever it is getting close. I am starting to doubt my faith in it reaching 50k by next month. I think it will this year not by next month. This is not good for investors who are looking at the charts because it has the risk of dropping down a lot if people panic about it not reaching it.
I dont think it will take that long to hit $50k, we came very close today but the buy
pressure crumbled and we broke back to $48.
But it is no easy task for the time being, just like the previous barrier of $48k, it takes weeks for us to climb again and sustain that price.
There is no doubt we will be hitting and crossing $50k, its just another price point
to breach, next will be $55k but there is a chance we are going to test a lower price
to recharge for the $50k target.
A big price point because it is a round numbers. But if we would have to break it, at least $52k might be sustainable going on next month. The average price or at least for me the testing price will still be around $43-$46k before we can see another attempt to $50k.