Quote from: Oshosondy on August 24, 2022, 08:03:24 AM

Quote from: Silberman on August 24, 2022, 03:35:06 AM

Yes, the price is going nowhere, for a time it seemed as if the price was actually going up and that it was a matter of time for the price to surpass the 25k barrier, but it did not happened and now we are seeing the price at the 21k level, so I think this confirms what a great deal of us thought, that the market is just ranging and it is a mistake to think that this is going to change any time soon as there is simply not a lot of strength in the markets right now.

This seem like 2018 for me, the price is really mimicking 2018 price, this makes me also think that the price may not surpass $30000 this year, but it can be up to $35000 to $40000 in 2023 which will still further to decrease back again to around $20000 to $25000 before 2024 halving. It is just a prediction, no one knows what would actually happen, but this year is not favoring bitcoin just as we predicted and likely would be all through this year like that as we predicted too.

That seems like a prediction that may actually happen, I remember as well what happened during the 2018 crash and I think as well the way the market is behaving has a lot of similarities to what happened back then, and while it is impossible for us to know exactly what is going to happen at least we have a frame of reference, which means that the next year is going to be slightly better and we will see the first signs of a recovery happening, only for the bull run to finally come in 2024.