Quote from: YUriy1991 on Today at 07:00:25 AM

Quote from: wmaurik on Today at 01:27:02 AM

Quote from: waONE on June 25, 2023, 09:24:05 AM

Not a problem with a correction to $30.6k again because that is very reasonable,
if this weekend Bitcoin does not drop below $30k this will be without being very bullish for Bitcoin,
I can be optimistic that Bitcoin can reach $50k in August or September.

August and September was a pretty short time for Bitcoin to surge that big, I'm much more confident of a bump to $35K in the near future than a price run out of steam for a short amount of time. Because as I said upgrading for any range always takes maybe a bit longer than usual so I'm only confident at $35K though it could still be possible for Bitcoin to surpass that price in the next month.

Here, I think you also have to be realistic in looking at the market for August or September as stated by @waONE, it might be a bit difficult for BTC to exceed $ 50K because going up to a certain price range takes process and time and a big jump needs funds worth $ 18,600 to get to the price $50k and not bad from the current high of $31,400 although the market has some pretty strong hands in it too. Yes. An initial $35K-40K may be more realistic in early July or later in August.

I have doubts that the price will surpass $35k in the next month, and it appears to be more of a bull trap rather than a genuine bull run. In my opinion, it seems that whales are seeking exit liquidity and deliberately inflating the price to lure in more retail investors.