Post
Topic
Board Speculation
Re: Is Bitcoin bounce back to 60k in this year?
by
darkangel11
on 27/03/2022, 16:48:26 UTC
After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
we have to see strong resistance first at $45000, if $450000 is passed, then bullish indications will occur again,

because Bitcoin has already broken out of $45000, but for now we have to monitor it first,
and Bitcoin is still trying to breakout, $50000 or $60000 I sure it can be achieved again

How did you come up with that theory? We were at 45450 a few weeks ago and a few days back we went to 45080, so it's not about 45k but about going to 46! Obviously the real resistance is in a 45-46k range so saying that we just have to go above 45 is oversimplifying things.
To answer the question in the thread, we can easily go back to 60k this year because once the bull market goes into motion again (above 50k) we will at least try to touch the last ath of 68k. We will get rejected there forming a double top or go above it, but 60k is not an important level as it is no longer an ATH.