Post
Topic
Board Speculation
Re: Bitcoin can do 30k$ this month?
by
Yatsan
on 02/04/2023, 15:00:09 UTC
If the market would allow, then $30k is possible and is already around the corner. The average market value at the start of april is already at $28k and is too close for such goal. Once it reaches $30k we may expect for a rally towarda $32k as its new resistance. But there are only speculations; no one really knows what could happen in a blink of an eye just like the sudden dump reaching $26k before the month of march ended. Problem I am seeing which slows down the uprise movement is the lack of reason to do so. Whale or big investors' manipulation of the market is more observable.
After march the price failed to reach $30k then i believe a price of $30k will happen in april now, a strong indication is that many influencers are suggesting to buy because a bull run is imminent,  maybe it is their opinion but if there is much to suggest it usually will be.

Who are those influencers? What did they say, and what evidence do they have that there will be an upcoming bull run? I'm not saying bitcoin won't cross $30k or see any upside, but when investing, you need to believe in yourself rather than what social media celebrities are speaking nonsense about. They like you and me, are making predictions and expectations without any evidence to back up those claims.
In addition to expecting bitcoin to continue to rise, you should do your own analysis and have a backup plan if bitcoin does not increase but plunges.
Everyone are just making a speculation, meaning, guess, of what could happen but no one would be able to actually tell the exact future for this industry in general. Every opinion is valid, and it is the investor who would suffer in the first place if he would be too dragged by mere expectations.