Quote from: yohananaomi on May 08, 2023, 08:34:32 AM

Quote from: imamusma on May 01, 2023, 03:42:30 PM

Quote from: EarnOnVictor on April 30, 2023, 07:25:57 AM

Do you guys believe it would surpass $35k-37k this year?

Although Bitcoin is currently bullish and no speculation is perfect, still, this a tough task, for me, despite getting closer to the levels daily.

How can you have such an instinct if you've never seen anything on a chart? I even still believe that $40k can be broken in 2023 and possibly higher before the halving occurs.

I tend to check charts and get very basic reasons before predicting prices, not just on instinct. I observe that we still have the same pattern regarding bitcoin price ahead of the 2024 halving, this makes me optimistic to hope $40k can be broken before the end of the year. It is true that there is a lot of pressure in the market that makes it hard for the bitcoin price to break through resistance, but that is normal as price volatility is to be expected.

I also have the same belief as you that at the end of the year there will be an increase but not too significant apart from that the world economy which has been hit by a crisis has not yet shown signs of an overall improvement direction, even though many countries have been able to increase their income. But the direction of improvement at the end of the year is to provide more encouragement before entering next year's halving period. $40K-$50K is a target to achieve at the end of the year making it easier to increase slowly in 2024 and will reach a renewable ATH in 2025.

I fear that it may not happen again this year's market growth. If we compare this year with 2019, then the market also experienced an increase, but later there was a drop that lasted more than a year. If the same situation happens again now, we have a bear market ahead of us before the halving. As you said, the economies of the world have not recovered from the crisis either and that does not happen quickly.