Post
Topic
Board Speculation
Re: Can the price Hit back $50k this month?
by
Sebas.tian
on 12/07/2022, 06:28:12 UTC
Quote
It's not likely to happen because if it does, it will create a huge green candle on the monthly timeframe. Those candles are usually followed by a red candle and that means a bloody month of august for bitcoin. I prefer a healthy slow rally than a sudden pump. Plus, many countries are facing a crisis now and there is a threat of recession globally which I think a pump to $50k this month is impossible.

I agree with you, it will be difficult for the price to reach $50,000 in this month of July because there is no improvement of pumping yet in the crypto market. Now that the price is still struggling between $20,000 and $19,000, showed that the price will hit back to $50,000 or $40,000 next month because the green light is preparing to remain stable from August till December for long term traders to have something good to achieve from their investment. Based on what people are experiencing in the crypto market, showed that there will be enough incomes to achieve before the end of this year 2022, because many people has used this opportunity to buy more coins and hold for the price to go higher before they can sell to make a passive incomes.