Post
Topic
Board Speculation
Re: The price of bitcoin is not rising soon!.
by
_BlackStar
on 16/05/2023, 19:49:06 UTC
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.
Halving, don't you think that is one of the most positive news for bitcoin this year?
If you are an experienced market user then you may have noticed the impact halvings have on the bitcoin price.

You can expect bitcoin price this year to grow better as people will try to accumulate it as long as the price is low. Bitcoin is still very low for investment considerations, but it makes sense to manage risk with DCA strategy if you think a low price is still possible. $40k this year is very likely, but the market still needs to test some really strong resistance.