Quote from: retreat on Today at 08:41:56 AM

Quote from: Godlovesyou on May 11, 2023, 02:51:41 PM

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

I also believe that the price of Bitcoin will not increase this year considering that investors are still not confident enough to determine their positions. Unless there is positive news which can be strong enough to push Bitcoin's position, only that can change Bitcoin's current position and maybe it will push it beyond its resistance point at $ 30K USD. Apart from that I am quite skeptical that the price of Bitcoin will increase this year.

Price will not increase this year? We went from $16k to $30k in just the first 3 months of the year, and that's a very rapid increase when we're in bear season. If someone knows how to take advantage of the opportunity, they will double their profits in a short time. So don't say the price won't go up, on the contrary, it has been profitable for many people.

We all know that new ATH will only be created after the halving, so expecting an ATH or higher is too hard for bitcoin this year. Not to mention the precarious economic situation, and that will only make it harder for the market, so don't be too greedy to expect a new or higher ATH price this year.