Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Month of May. Bitcoin price guess
by
CageMabok
on 06/05/2023, 15:54:21 UTC
⭐ Merited by superman184 (1)
May is an important month whether this year the market will rise or dip. If May rises and can pass the highest price last month, which is around $ 30k, then we have hope to see new ATH again, but if May is still below $ 30k so it's hard to see the market rising this year.
Why do you say like that? So far, I still don't believe in a market forecaster who basically can always change by itself and not even as predicted by many people. And in this case why are you so sure that if in May it doesn't increase above $30K, then it will be difficult for Bitcoin to increase again this year? Because for me it still doesn't make sense and doesn't make sense because the increase in Bitcoin doesn't depend on any month, other than on the level of demand and supply.

Why is May an important month? What are you talking about? All the months are the same. We're very close to $30k and it shouldn't be too hard to get over it. But there is no proof that if bitcoin breaks through $30k, there will be a bull season or a new ATH. Even if it is $50k, bitcoin has a chance to fall back, bitcoin is unpredictable.
I also don't know why he said that, even though he himself knows that Bitcoin is very difficult to predict and its increase will not depend on the month, but on the level of demand and supply. I agree more with what you say because basically it's not easy to say about bullish when Bitcoin starts to pass a certain price level in the near future. Especially if it is often colored by small corrections which are always an obstacle for Bitcoin to last long at high prices.