Post
Topic
Board Speculation
Re: BTC over 50k?
by
Mpamaegbu
on 20/02/2022, 15:53:43 UTC
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?
Yes, the market is in a decline at the moment but that doesn't mean Bitcoin achieving $50 within a few days won't be possible once it sets in, not even weeks or months. As a highly volatile asset, Bitcoin can sweep past that level at ease. At its current price level of $38k +, $50k isn't even that far for it. However, I still remain convinced that the first quarters of this year should see bearishness for Bitcoin, and that includes the March OP talked about. I thought the $40,600 support was going to hold last week but that felt weak and price broke it. I want to see the next support at $30,700 (it's a strong support level) hold and expectedly reverts from there to hit another fresh high.