Post
Topic
Board Bitcoin Discussion
Re: What is the possibility Bitcoin will rise before the end of the year ?
by
AakZaki
on 22/07/2022, 10:33:26 UTC
Bitcoin ATH is above $64k. You also said that you predicted the price increase last year, you could use the same method to predict again this year. But it is not always easy, correct or advisable to keep predicting bitcoin price in short term. You will get it wrong or get deceived. Always look at the long term target and make your investment. You can only focus on the short term if you are a day trader who needs the chart every time to place trades.
The last few days BTC has been strengthening, but this is not for the long term I think. It's like a saturated phase after a long enough bear market. If observing the 4th annual phase of the market today has not fully reflected the bullish, I'm honestly still a little worried about the drop up to the price of $13k-$15k. But hopefully that doesn't happen, I hope the support is strong in the $17k area strong and won't crumble. For the bulls I think a normal rise in the market could probably happen by the end of the year, but returning to ATH again at the end of the year seems difficult.