Post
Topic
Board Speculation
Re: Why there is so much resistance at $23k price
by
tippytoes
on 24/08/2022, 23:26:03 UTC
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.

This is the mystery of this market, no one knows which way we are heading next. Even long timers or so they say the crypto experts don't know where exactly bitcoin will be in the next coming months. We are all equal when it comes to speculation and all. So it depends on your gut feel how we will end up in the next coming months, and prepare for it.