Post
Topic
Board Speculation
Re: Month of May. Bitcoin price guess
by
ivankoh
on 03/05/2023, 16:02:17 UTC
Those that chose below $30000, bitcoin has disappointed you  Grin : Bitcoin price guess, 2023.

For those of you that have not chose anything, you can still partake in the poll.

What are people talking about now?
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?
The month didn't start very well with Bitcoin price falling from $29k to $27k within two days and is still dropping in value by this time, this clearly shows that the correction is still stagnant and we can see lower prices this month. I was thinking that the least we might see will be $25k but from the look of the price right now, I think that's not going to be the case.

If it continues like this, the price will touch $20k in May and may rise back to $30k within the same month if there are huge buybacks and buying pressure when it touches lower areas, there will also be a lot of panic selling for sure.
Since January, bitcoin has gained the upper hand and recreated the market with impressive growth. I think there is a slight slowdown in May, a high probability of sideways and peripheral news could put pressure on the market although the trend of bitcoin is still upbeat. price movement could be 25k-28k i believe it will be easily absorbed by the market and i guess the long term trend will continue to get stronger towards this range