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Author Topic: Can the price Hit back $50k this month?  (Read 745 times)
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July 17, 2022, 11:05:15 PM
 #101

Just stop guys with this predictions ...why would someone think that BTC can be back in 50k in this summer or this year ? This is just pure hope and nothing more. Bitcoin couldn't even pass the first resistance of 23k and people are hoping to see 50k ?  Grin Grin Grin

Grin

in my opinion most people are making these exaggerated predictions just to convince themselves that everything will work out, they know deep down that they are deluding themselves they just keep making exaggerated predictions to stay optimistic. this happens a lot when someone buys for example at a price of 40,000$ and then the price drops to 20,000$, this person will consistently be talking about 50,000$ just because they fear more fall and more damage

If we're realistic , BTC should drop today under 19k again and continue to drop for the rest of the summer and year.  People should be careful during this period if they purchase , invest or hold Cryptocurrencies as charts are pointing to one direction only --> Bear market 2.0 of this full bear market is about to start.

in my opinion the real danger would be if it drops below 17000$

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July 18, 2022, 12:44:50 AM
Last edit: June 11, 2023, 11:44:55 PM by STT
 #102

50k this year is possible if you think of the extended range that we can spike up or down within then BTC retains that capability of extreme reach via volatility.     The problem is to predict the more reliable and regular pricing and right now BTC is still struggling to get up off the floor, its loosely positive but I dont think the case is  proven till we can at least regain the 200 week average.
   We do have higher lows on a short term basis but we have also failed to surmount last weeks peak price of mid 22k, we're 1k short this week closing the weekly bar today.   More work remains to do to turn around the price then has been seen so far I guess.  If correct that means before any hope of higher we revisit 19k at least, I of course hope we arent quite so dismal;  so far the higher prices are lacking while the lows are worth noticing as positive in this last month.


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