Post
Topic
Board Speculation
Re: Can the price Hit back $50k this month?
by
Silberman
on 08/07/2022, 20:46:52 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.

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.

You have a proper nickname. The fortuner on the street can also predict that bitcoin will be worth 70k at the end of the year, but can you trust him? If in your opinion the price can't rise to 50k even next month, why will it rise to that level in 3 months? It seems to me that you are taking these numbers at random because you just want it to.
I will have to agree with this, it is one thing to express our wants and what we would like for the price of bitcoin to be during the next months and years and what it will actually happen, a prediction needs to be based on some facts and not just on wishful thinking, and I do not think there is anything on the charts that point out to the possibility bitcoin is going to grow 130% in a matter of days or weeks, so the chances the wish of the OP will become true is zero.