Quote from: fzkto on April 30, 2023, 07:54:55 AM

Your instinct is probably based on past events. 37k is a little over half of past the 69k high. Many are comparing the current year to 2019 where the price rose slightly above half of the previous cycle. I also think 2023 is similar in scenario to 2019. If so, the price should just hit 35-37k this year and then fall again before the next halving.

Of course, instincts are created based on the past events stored in our heads, that's the reality, it doesn't just show up. And I so much agree with the rest expression, what happens between 2019-2020 is being patiently studied by Bitcoin investors, which might be what will not make it rise so much in 2023 for it to be more attractive in 2024.

Quote from: Tytanowy Janusz on April 30, 2023, 08:17:45 AM

35-37k is a major resistance. I have my take profit orders for my short/middle term positions right there. I see a high risk that these levels will not be broken and we will realize a scenario similar to 2019, when we jumped from $4k to $14k and then fell to $5k. This is how I see the situation now. Pump just to 37k, maybe even 45k and dump back to 20k. At the same time, 45k seems unlikely to me before some solid correction or at least a longer consolidation.

Nice speculation you have there, and for you to also notice $35-37k means a great deal. I know that if the level could give up, $40-45k will be next.

Quote from: shinratensei_ on April 30, 2023, 11:41:03 PM

still many times left, there's no reason bitcoin couldn't get past that

Well, with my experience in the world of the financial market, we can't always use the time to judge, it's events/factors surrounding the asset that matters. The market you see that performed most excellently from January to March might make a bearish turn for the rest of the year, so it doesn't matter.

As it is now with Bitcoin, I believe that inflation should be our focus, also, the news of regulation, liquidation and adoption by big volumes should be our focus.

Quote from: adaseb on Today at 04:14:20 AM

Well you need to realize. Who is there to buy Bitcoin at levels higher than that.

This is a very good consideration judging by the widely speculated cycle of Bitcoin moving lower before halving. And at the current levels, people are hesitant in committing their money thereby waiting for purchases at lower levels.