Quote from: DoublerHunter on February 18, 2022, 10:02:44 PM

Quote from: South Park on February 18, 2022, 09:56:28 PM

Quote from: sushil on February 15, 2022, 06:33:55 PM

Nonetheless, experts may seem to predict the current situation and that bitcoin will likely experience a steep drop in the upcoming months.
But is it really possible for bitcoin to achieve $50k by march? Given that the market is currently declining.
What are your thoughts on this?

With so little time remaining during this month this seems like something difficult, the price is now very close to go back to the high 30k levels and this could create some panic, after all a great deal of people were convinced that we had left those levels behind for good, but now it seems as if soon enough we will see those kind of prices again, so for the time being I will forget about bitcoin reaching 50k and instead concentrate on whether or not bitcoin will remain above 40k for the time being.

^ The price of BTC now could be predicted by the fundamental which is depend on social media news, when there is a ban happen or rejecting BTCyone will get panic and sell instead BTC did not affect, it will create a massive dump because of the naive seller which is don't know how to hold their assets. BTC possibly will not go down far beyond $40 this month, I have a strong feeling and I believe BTC will go to the moon this year probably in the middle of this year.

But we go down for a brief moment and then the bulls regain $40k again, but it's hard to see if they can defend it or not as the news sends shockwave not just for crypto market but every other assets like gold and oil, (although gold has a quick rebound).

So we might see ~$40k in less than 24 hours from now, not that I wanted to sound like loom and doom but it's better to anticipated that we might enter another bearish trend starting next week.