Quote from: Franctoshi on February 19, 2024, 05:31:25 PM

Quote from: SmartGold01 on February 15, 2024, 10:15:57 PM

From the look out of things there is no doubt that $60k is sure before the end of this month February reason being that bitcoin has surpasses the price of 50k and headed to $52k if I am not mistakenly and you can correct me if I am wrong.
Also does this proves the idea of most people saying that bitcoin could hit half a million dollars after the halving by 2025, does this sign proves it right?

Let us discuss.

I'm of the opinion that Bitcoin is heading up to 60k, but I'm not expecting it to all happen just in this month of February. We may have the price reach $55k because I'm considering the resistance levels ahead before we would make it up there, currently we are battling to break $52k I called out some time ago in this discussion board, So, I kind of think it will likely get extend to the month of March, but I'm not disputing the fact that it can't happen in the month of February, we have 10 days to go until the end of February, and it remaining $8k from this price of $52k -$60k

I am noticing that the energy with which the price was moving up have been exhausted. This can be seen as price has failed to break $52k. As of today bitcoin is trading at the upper $50k with the potential of going lower. If this continue this way, I do not think price to reach $60k before the end of this month. It is appearing like price may not achieve a new all time high before the halving since we are seeing this level of unwillingness of price to continue the bull run. This could be another indication that there are key players in the market that controls the price. On a brighter side, this might be opportunity for people to buy more before the halving because beyond halving, no one know where the price will be reaching for.