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 would say. We have usually seen bitcoins go up in price in the months of September and October. Now that it’s July, bitcoins have already crossed 30,000 USD. If they keep the same pace and increase at a steady rate, then we can definitely see bitcoins Crossing 50,000 USD by the end of this year. But everything depends on the demand that we people increase in order to accumulate the coins. Let’s hope for the best and wish Bitcoins to reach their new ATH price soon.
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.
That is true, summers are not our best periods and it may not do that well. However, I also believe that we are not going to end up with anything all that bad neither, normally we are used to seeing bitcoin going down during summer as well but this time around I am not expecting it to drop.
This is of course a difficult situation because it means that we are going to see some things changing. If something is changing then why are we not seeing it go up? I mean that would not be impossible, if it is not going down then going up is the only logical increase in price. Hopefully it would be a good period and the price has at least a small amount of increase, not a ton but at least a small amount that would be a lot better.