Post
Topic
Board Speculation
Re: Can the price Hit back $50k this month?
by
Rufsilf
on 06/07/2022, 23:31:55 UTC
I can't really imagine bitcoin going up $50k this month, Even $40k is pretty hard because of our current market situation. It's too early for it to recover. I've seen some technical analysis in the internet and non of them reached around $50k price, Really it's impossible given the time span of 1 month. Imagine bitcoin doubles it value in just 1 month, It's a miracle. I'm also curious about the research you did, Where did you research it and how come you end up on $50k.
Yes, not even have the chance. Even reaching $30k only has a small chance as the market seems in a more declining position rather than a recovery. As long as there is no huge change in the market trend and demand, we'd no longer expect such a recovery as it only disappoints us. I think, we have to accept that this year is not a good year for crypto and this bear season will stay until the end of 2022.