BTC in the $xxx,xxx price zone

[pooya87]

I think you all agree this is the zone where BTC should be

You mean the current $50k and the low $45k that was reached?
Then no, I disagree with saying this is the price bitcoin should be at because I believe in a slow rise as the bitcoin value increases. The price however can sometimes go above that "intrinsic value" and sometimes below it. Right now we are at least $20k below the intrinsic value of bitcoin. In other words I believe that at this point, mid May 2021, price should be $65k building up to break $70k not struggle to keep $50k support.

[Lorence.xD]

The present situation might be a shocker to traders as everybody is looking towards 6 digits for the price of BTC. Technically, everything has changed and we might likely retrace to 40K this month

Why would we retrace back to 40k this month though, what is the reason why the market is going down that way and are there evidences that will support that claim. There are still a lot of months for the 6 digit to happen, there's still a lot of time.