Quote from: StreakW on Today at 11:37:57 AM

Quote from: TelolettOm on May 04, 2022, 10:41:29 PM

Quote from: StreakW on May 04, 2022, 12:53:56 PM

If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.

Why it should drop to $32k? I don't think it will drop to $32, but $35 is possible. However, the price of Bitcoin is increasing right now, it even goes to $40k. Why do we predict the price to drop to $32k? I am thinking that the price of Bitcoin to have the chance jumping to $45k again after its sideway several months. In the current 2 months, Bitcoin price is around $38k-$40k. If there will be good news about crypto or Bitcoin in the next few weeks or months, I assume the price of Bitcoin may jump to $45k again.

Bitcoin price is currently in the $21k area buddy. I don't see any sign that the bitcoin price will hit $40k again this month because the negative sentiment in the market and the large increase in interest rates have greatly contributed to the decline in the bitcoin price.

The effect of the Fed's rate hike not yet seem to wear off at the moment, so it's hard to say if the market will recover quickly, bitcoin is currently relatively stable and playing at $20k-$21K, and it's very difficult to see the price return to $40K in the near future because there are still many negative issues that hit bitcoin at this time.