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.
On this market, we cant really make some assurance on whatever things that we do see in the past or making some patterns and assuming that it would similarly be happening in the future which it isnt right but you cant really blame out people on not to look on what happened in the past and do really trying out to make some that common approach. So far we've seen that summer isnt something that it would really be dropping that
low and having that stagnant like behavior but look at where we now? TRying out to break that 30k which it is really just that tough resistance we do have in hear. Breaking that 31800+ i should say
would really be the indication that we might be seeing 35 to 40k but it seems its really that hard to guess whether it could be able to pass through on this year or no. We do really need up some catalyst for the price
to break out.
Currently, the price of Bitcoin has been around for a long time, which continues to be close to $ 30k, so I think to be able to reach a price of $ 35k-37k is very reasonable, we are already in the middle of this year and compared to the beginning of the year, the current price of Bitcoin I think is quite positive with the ongoing trend and it is very possible if you are able to be patient until the end of the year the expected price will be reached, it is very close.
Actually we do really have this kind of behavior on the time that we do reach out +10k increment on every price level on which it would really be turning out to be
a hard resistance needs to be break and would really be experiencing lots of rejections when it comes to this. Its not something new and if you've been here on this market for a while
now, then you are really that getting used to with these kind of movement on which you could actually be able to play around with those volatileness for
the sake of profiting but of course it wont really be that something so simple.