This is according to what I am hearing, that bitcoin rise from as low as less than $4000 to almost $14000 in 2019, that the highest price bitcoin might increase to this time may not reach $40000 because all-time-high is $69000. We are still around $30000, that bitcoin may increase up to almost $40000
Let us continue the fun of monthly price guess. What did you think will be bitcoin highest price in May?
In 2021 Bitcoin price came down again from the all time high to $16000 and about 1 year Bitcoin price was staying at $20k. From that position Bitcoin started to turn bullish again. Bitcoin behaved very positively in the month of March and April. Investors' confidence has also been increasing tremendously in recent times. As a result, we will gradually see the Bitcoin rumble, and I will consider this May as an important month Bitcoin. Because Bitcoin has the potential to gain 25 percent within this month from its current price. As such, I think Bitcoin price may rise to $35k by this month may.
The last quarter or the final months of 2021 is bullish. The price only fell down in 2022 which is normal because a bull is usually followed by a bear. On this year, the bear is now starting to wear off because we are seeing an increase that we don't witness last year. It's the first three months, that triggers this increase but the fourth one (April) is a little gloomy so many are in doubts that the month of May will be the same.
Each month is important whatever the price is, because people will just buy or sell but there are some who will wait for the best selling or buying point. On this new month of May, I think the price will get back on $30k but I don't expect for a $35k.