Correction: I noticed that many of the people who replied to this post didn't get the gist, they thought I was referring to a bullish target in range, but I was actually referring to the highest level that Bitcoin could reach this year if at all it rises. The range it will not be able to break.

Quote from: armanda90 on July 21, 2023, 11:18:33 AM

My instinct before end this years possibilities with Bitcoin price around $39k to $45k and seems support with close halving give good chance for bitcoin going up.

Your analysis seems to be betraying you now my friend, Bitcoin is falling and it would be getting to the end of September before it would regain a bullish momentum based on what I sense now. This is when it will start battling much resistance including the $31,450 I shared in a post before even thinking to hit my peak range of $35,000-$37,000.

Quote from: Nrcewker on July 21, 2023, 12:57:18 PM

Quote from: EarnOnVictor on April 30, 2023, 07:25:57 AM

Do you guys believe it would surpass $35k-37k this year?

Anything and everything can happen in the next five months. So expecting something or predicting the price now won’t be a wise decision,

I strongly disagree with you here, you don't sow during harvest, you plan ahead. This is why there is speculation, and this is not about you being lucky or gambling, it's about training and dedicated work to gain experience that will guide you. This enables you to know what will happen in the market before they do.

Quote from: rhomelmabini on July 21, 2023, 01:22:32 PM

Quote from: EarnOnVictor on April 30, 2023, 07:25:57 AM

Do you guys believe it would surpass $35k-37k this year?

Although Bitcoin is currently bullish and no speculation is perfect, still, this a tough task, for me, despite getting closer to the levels daily.

Was that instinct involve the likes of an approved spot Bitcoin ETF? If so, we may even break more than what your instinct can perceive, I'm eyeing it will be 38k-42k then correction and accumulation until we get to the year 2024. It's hard but we can't deny the fact that institution/tradfi is already here and most likely even if they just put few percent onto the market, that would mean a lot tbh.

My instinct was before the ETF gains much traction among headlines, and with my experience, speculation can't be based on a certain factor, both the economic and market sentiment factors must be overcome to achieve the set target. As for your expectation which is against mine, I don't see it forthcoming soon.

Quote from: OgNasty on July 21, 2023, 06:49:36 PM

I don’t agree at all with the idea that the market will peak at $35K. I see almost no resistance at all at that level and think once we break out of the current trading range the price will shoot almost straight up to $40K. I’m curious where the number $35K entered the picture. Did you just select a number a little higher than the current price?

Conversely, I see resistance around the level, you should know that there are thousands of trading analyses. Still, don't forget that this is an instinct, although no one will have it on something without having a prior idea. Let me conclude that it's what my inner man told me after extensive analysis of the market many times this year.

There are many resistances before $35,000 and a strong one before $37,000. Also, you can check the weekly chart Fibonacci analysis to see the resistance around the range levels.