Post
Topic
Board Speculation
Re: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible?
by
adaseb
on 01/05/2023, 04:14:20 UTC
Well you need to realize. Who is there to buy Bitcoin at levels higher than that. Bitcoin at $15K was cheaper so it wasn’t usually for someone to buy 0.1 or 0.25BTC or so. But do you see people spending $50K for a single Bitcoin if their job is at stake.

Lots of people are starting to cut back. Those that aren’t will be in for a rude awakening. Hence why I don’t think we will get a break out to the $50K area. The $1M Bitcoin was obviously not going to happen in 100 days.
Was just a publicity stunt.