Do you guys believe it would surpass $35k-37k this year?
Bitcoin to surpass $35-37k this year would be something I wish to happen even before December with the current flow and rise of Bitcoin price, I think it can happen, but not too soon as it has been on $30k for almost a month now I think it would take time to settle at $30k before going up again, having it at $29k might look like it would go back to $25k but let's see before the end of this month if it will make a move from it current price to $32k, if that happens then it will get to $35k.
What we should always know is the potential that bitcoin has towards it's volatility to rise and fall, if $68,000 has been the all time high bitcoin has been to, then we should expect something close to that between now and the end of the year since we are still low with the bear market, there's every possibility that we cannot go further low below $20,000 but aiming towards the all time target and now we are to expect anything more above #31,800 which it has attained in recent time till we are approaching the all time high before the end of the year.
You mentioned bear market so I doubt that we can reach the previous all time high in that cycle. Maybe the best we can do is $40k-$50k at the end of the year. We even had a hard time maintaining that support levels of $30k now as we went below it for this week. And with that, the volatility is very high again, wouldn't be surprised if we go down to our previous sideways pattern of around $26k-$28k. I know that we don't like to see that price levels again because we have been on that area for at least 2 months prior to the price hitting $31k because of the Blackrock ETF filing news. And it's almost the end of July already, and again, no major movement.