it may not reach ATH again , but at least 40-50k usd is in our front this year before closing the 2022 in December .
Is it possible?, I think 50k dollars is too much to end the year on such a high note. It is my hope that bitcoin will achieve, but I do not think this will happen. Currently, we are still under $30k, and if the bitcoin price can really break through $30k, we can expect to hit $50k by year end. With the condition that inflation from now to the end of the year will have positive changes like last month.
Simple answer, yes it's possible. Just like most thought that retracing 60% of the bear market back to $14K in 2019 was impossible, doing the same thing again to $50K is entirely possible. Some would argue that it's quite likely even, such as myself. Price doesn't have to end on a high note by the end of the year if $50K is achieved within the next few months either, it could still end up around $25K to $30K.
$30K to me will be the key level to break in order to see price reach $40K to $50K levels in the near future, as it was strong support for 18 months. If 2019 is anything to go by, then this long-term support level could break very easily such as the $6K to $8K level back then, mainly due to the number of trapped shorts and the short squeeze that occurred, which could certainly happen again this time around.
We are about 600 days away from the next halving which means it will happen by the end of 2024, many are predicting that we will see a new ATH after the halving. So my question is if bitcoin hits $50k by the end of the year or maybe Q1 2023, will bitcoin hit a new ATH before the halving happens?