Post
Topic
Board Speculation
Re: Will the price gets to $60k this year?
by
Fredomago
on 11/05/2023, 20:23:34 UTC
I think bitcoin will again reach a higher price and will pass the previous high, but it is possible that with an unpredictable situation like now the price of bitcoin will continue to decline. but I am personally optimistic that the bitcoin price will again reach a high price this year.
so what makes you sure that this year bitcoin will again reach a high price? while until now the price of bitcoin is still stuck below $ 30k. This is a very strong line of resistance because bitcoin has been stuck below $30k for a long time and has not been able to break through it. Counted only a few times bitcoin penetrated $ 30k but could not stay above $ 30k. if bitcoin wants to reach a higher point bitcoin must be able to cross this resistance line.

No one can say if when that resistance @ $30K will be break and I see your point it's important to see the market to pump strong if that $60K will be reach this year, as far as we see the market still having difficulty breaking $30K and there are times that it keep bouncing down and the fear with new investors are affected as they can quickly sell and lose portions of their investments. Hard to predict, but if you believe so then better to keep buying portion by portion, as if the market pump back then the benefits is decent.