Following Bitcoin price, since April 22 we’ve seen it fluctuate between $91500 and $94500 and many are monitoring its price movement. Traders are uncertain and finding it difficult to predict its next major price action. Personally, i keep thinking if the price consolidation will end this week and hopefully we see a break through above $95k.
What’s your opinion, do you think it will pass above the current resistance zone of $95,000 in a few days or not ?
Getting an accurate prediction of the price of Bitcoin is undeniably impossible at this time, it stayed around $80/85k for a long time before it increased to $90/94k so from my own speculation I think it will stay around $90/94k for a while before it will increase again to $95/98k. I may be wrong because it's just a mere speculation.
There were time as well that we're in the $76,000 price range and before the Trump winning the election, the price seems to be stagnant and no movement at $60,000. So I think it's pretty obvious that it's hard to get any accurate prediction as everyone can make their guesses as to where the price will be.
But for us, we always wanted to see a positive movement, so do hope that the resistance price will be broken. But it's another thing to maintain that price as there could be positions that are going to be liquidated at $95,000 and if that happens, the price is going to go down again.