Post
Topic
Board Speculation
Re: The indices that makes bitcoin price
by
sana54210
on 30/10/2021, 19:20:36 UTC
$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.
Even I agree with you, we are having more than 24 hours left in this month which must be more than enough time for bitcoin markets and its potential to get into anything around $70k levels. If you have noticed that weekends are known for stronger bullish trend hence anything could happen by this weekend which again may get bitcoin prices to be ending up this months around $70k levels.

All the technical may start in favor of our bullish speculation when some spike do happens. I mean I agree that technical are basic driving force still I have seen many occasions where market force overriding the technical parts. It means to make any indicators to favor reaching $70k just another good rally will be enough. All the indicators are just lagging and may chance according to market conditions.