Quote from: traderethereum on Today at 10:20:13 AM

Quote from: fortuner on Today at 09:01:35 AM

Quote from: noormcs5 on July 07, 2022, 03:45:26 PM

Quote from: abel1337 on July 06, 2022, 10:06:07 PM

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.

There is no chance that bitcoin can reach even near to the 50,000$. We are not in a bull market and also there are no fundamental events which can pump bitcoin to this level. Although anything is possible in crypto but still i can safely say that bitcoin cannot even reach 50,000$ in this year 2022. I would be happy if bitcoin does not dump below 17-18K and stay above 20K.

What you say is also true because for the short term or even next month it will not be able to reach the price of $ 50 thousand in my opinion.
But for the end of the year, it could be between $45 thousand or stop at around $50 thousand.

Besides that, the bitcoin price is still in the $21k range and if this month, bitcoin hits back to $50k, that will be a big achievement for bitcoin because it is not easy to lift the price in the middle of this situation.
But if bitcoin can do that, every people out there will see that bitcoin is going to be strong again and no one will underestimate bitcoin.
Hopefully, the price will not go down too far if the correction is coming so people out there will not panic too.
If the price can sustain at this level, the price will have a big opportunity to increase in the next month.

It's still too far for Bitcoin to go back to $50k. Moreover, expecting Bitcoin to reach the price of $50k this month seems very unlikely. To be honest
I really want Bitcoin to go back up to $50k this month, but unfortunately the results of the research and analysis that I did did not show the results
I wanted. In this month according to my prediction the price of Bitcoin has not moved too significantly, even the possibility that the price of Bitcoin is
still stable not far from the price of $ 20k. We still have to be a little patient again waiting for the price of Bitcoin to return to the price of $50k.
So just stay focused on collecting Bitcoin, and never sell Bitcoin at a low price if the Bitcoin price drops even further. Remember that investing
in Bitcoin does require patience, because investing in Bitcoin sometimes we can feel profit after holding for the long term.