Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 15/12/2023, 00:15:33 UTC
Also bitcoin is also touching back again at $43k so guess we have another round to try out if bitcoin could able to reach at $50k this month.

That's a tall order in my opinion.  It would have to take out a great deal of old resistance to get above $50K.  I don't see it happening, but I've been wrong before with how bullish this market is.  I personally think $48K is about as high as we can hope for in the near term.  Maybe if an ETF does get approved in early January we'll see a candle take us up near the all time high, but to me it seems too early in the cycle for that.  I would be expecting a heavy correction at that point, but maybe FTX holding down the market caused more built up buying pressure than I had assumed.