Post
Topic
Board Speculation
Re: Will the price gets to $60k this year?
by
South Park
on 01/05/2023, 17:05:16 UTC
What readjustments do you want to see from this countries that you've mentioned? Because as far as the regulation are concerned, this will continue to happen and we'll have to expect more and more regulations whenever the government see an opportunity, especially during the bull season.

$60k this year? well, anything is possible for Bitcoin. However, in a realistic point of view, investors are still skeptical this year, we've seen divided market sentiments. I'd rather say $60k is much more possible next year before or after the Bitcoin halving.
I think he means is if those countries lift the ban or unban cryptos again but he shouldn't include El-Salvador there. I think it was only a mistake because this country is the first country to make BTC a legal tender and until now they have this status. During the bull season, the scams and frauds can also rise so yes a regulation can be a good help to combat them. $60k is only a piece of cake for BTC. We even reach $69k last time.

We still have a long way to go and the price is showing signs of recovery again so $60k is definitely possible. What can we have next year is already the ATH. The momentum might then continue till 2025 according to the experts.
I agree that reaching 60k again is not going to be difficult as this is an amount the price of bitcoin has already surpassed and I think this will happen during the next bull run, however what the OP is asking is if this amount can be reached during this year, and this is something I do not believe is possible, as 60k is so close to the ATH already that I think a new ATH will be inevitable at that point, and I do not think the bulls have such strength right now.