Post
Topic
Board Speculation
Re: Can the price Hit back $50k this month?
by
$crypto$
on 08/07/2022, 18:06:56 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.

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.
We realize about this that Bitcoin will be difficult to reach $ 50,000 in the near future I also see this fundamental will not be strong enough with this bearish situation, this is a little crawling but it hasn't convinced me to stay away but I think Bitcoin will still last around $ 20k in Bearish market situation that takes place.
If price go down to $17k/18k I am ready to buy Dip again, I have spent a lot of money to buy as low as possible, but I still haven't found the price of money I want, if it still hasn't reached $35k and above then I will keep holding it.