Quote from: Finestream on July 20, 2022, 11:21:20 PM

Quote from: Superdoctor on July 19, 2022, 07:37:25 PM

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people to hold their Bitcoins and even buy more now cause it will surely rise again.

Bitcoin will certainly rise again after reaching its dip, but there is no definite time when will bitcoin surge its price without any hints of bull trap. Because what is common these days is that a coin will eventually rise up again, yet it ends only a bull trap. However, bitcoin has still a lot of room to grow so it will always recover and will pave way for its new all time high. We just don’t know when will it actually happen so let’s just be patient for now.

Yeah, we can say that the previous all-time high is our resistance, around $69,000, and if you take a look at the price history of Bitcoin since the beginning, most all-time highs are being created over a span of years as time goes by.
So for me, I am not expecting we will visit the all-time-high this year. Mid 2023-2024 is my target for Bitcoin to create a new all-time-high again.