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?
50k in March? The probability of this event is extremely small. March in general has historically always been a weak month in bitcoin. It is also worth considering fundamental factors: the Fed rate hike in March and the military conflict in Eastern Europe. At the moment, the market is resisting, but there is a high probability that soon we may again be in the global support zone at 30-33k levels. I think the market's primary concern right now is to contain the selling pressure from losing short-term investors, not the rise to $50,000.