Quote from: uneng on Today at 09:53:46 PM

Quote from: Fredomago on May 11, 2023, 08:23:34 PM

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.

Due to the currently difficults, everything indicates Bitcoin isn't going to cross the 60,000$ line this year yet. It's a long way to go with low fuel left. The market has to warm first and that is not the kind of thing which happens instantly. We need positive news like the decreasement of interest rates in US and Europe, BTC halving event and other secondary ongoings which can be highlighted on global news, like the rising of BTC adoption or the approval of friendly regulations towards it in different countries.

Or simply it does really need up that kind of catalyst or something that would really be pushing up it price and not really just going instantly or shoot up or giving that huge green candle on which i could say that

this upcoming bull run might really be a little different compared into those previous one.Speaking about reaching $60k for this year then we cant really know if we would be able to hit up that high for this year alone.Considering on the current price now which is sitting around almost 30k then its not really that too far off on getting that x2 increase for this year on which we can consider out since we are really
that approaching on bull run. We cant really tell on what would happen on the next 7 months for this year itself.

There are things which could happen in the way which it would be heavily be affecting bitcoins price whether positively or negatively.No one could ever tell.