Post
Topic
Board Speculation
Re: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible?
by
Davian144
on 21/07/2023, 14:31:58 UTC
I don't know if bitcoin can grow in the remaining summer months because historically summer has not been the best time to grow. Although the first half happened to be very good. Now the price is at a key point and really anything can happen, because both support and resistance can break. But I don't believe in 50k this year.
I still believe there will be better improvements in Bitcoin, also for the $50K price range. But since recently Bitcoin has corrected back below $30K, I think the level of difficulty to be at $50K on Bitcoin must be there although it's not impossible for it to happen slowly from now on. But given the $20K mark yet to be reached by Bitcoin from now on, surely there should always be a better impetus for upgrades before the end of the year.