Post
Topic
Board Speculation
Re: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible?
by
AbuBhakar
on 01/05/2023, 14:57:16 UTC
Do you guys believe it would surpass $35k-37k this year?

Big Yes on this. Banking is crashing hard as well as the US dollar. People knew that Bitcoin performs well on economic crisis. This is a good opportunity for them to escape inflation and invest to Bitcoin which is proven performing well when fiat market is crashing hard. I think we might see more since the price moves very strong towards 30k level a week before the monthly candle close. This is a good sign that the confidence on buying Bitcoin is already there.

We might see another big movement both down and up since a pull back is required for bulls to have better entry price. I think 40K+ this December or more is what I’m sensing due to the negativity of US market. More bank crash means less trust to fiat.