Quote from: bots1 on Today at 09:13:46 AM

Quote from: kanayaTabitha on January 20, 2022, 02:24:24 PM

Quote from: bots1 on January 20, 2022, 08:20:56 AM

In my opinion, in the midst of the current bearish conditions, it is very difficult to predict the bitcoin price will reach $100k. we don't know yet whether the Bitcoin price will go up again or not like in 2021. However, considering the price of the bitcoin price is getting correction, the possibility of the price going up or down could be between $50k-$70k.

It's quite hard for BTC even to create a new high, at least it will be around 50k - 55k just like the previous year where we hit the previous all time high.
New all time high need a long rally and the hype must be consistent because people are not doing a big buy after they heard a news or after seeing the market once, most people are seeing the market movement for several times and after they see several pumps, they will buy it also (typical crypto newcomers).

Right. Currently bitcoin is still in the risk zone for trading and it is still difficult to make new highs. Although the price of bitcoin seems to be rising slowly, it can still go down again. Therefore, I think, bitcoin is ranging between $36k-$40k. And now we are in the middle, so going short and long is still very risky. let's wait for the next few months in which direction the bitcoin price will move.

If you look for long or until the end of the year maybe we can say that its risky hold especially if you are not a experience trader. But if you are into short trades then actually we can say that this give us less risk since we know bitcoins volatility is doing good there are so many good positions to enter and for sure those who do this are earning a good profits even if the market is on bad side.