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Author Topic: Will BTC make a new high in 2022? If not then what will be peak point?  (Read 374 times)
sayaya17
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August 19, 2022, 06:45:43 AM
 #61

If we look at the facts in the market from the beginning of the year to the present which continues to decline even more than 55% compared to the initial price of the year then I am pessimistic that in 2022 the price can pass the ATH that has happened which is $ 69k, if the market continues to improve then I estimate the price The highest is 2x from now, which is around $ 45k to $ 50k.

Although I as a Bitcoin holder hope that this year Bitcoin can recover and return to the ATH price, but if we analyze it seems very unlikely that
Bitcoin will return to the ATH price. We do have to think realistically to see the decline in the price of Bitcoin which is quite deep this year,
even though the price of Bitcoin is now starting to improve, but still too difficult for Bitcoin to reach the ATH price this year. Even now to be able
to rise above the price of $ 25k, very difficult for Bitcoin to achieve.

Looks like your prediction is quite reasonable for Bitcoin this year its peak price is probably around $40k-$50k. If indeed Bitcoin is only able to rise
to the price of $50k this year as the highest price, that's a pretty good achievement in my opinion. Because to make the Bitcoin price hype back
towards the ATH price is not easy, The bull market must come first and we know from the beginning of 2022 until now the bear market is still not over.
So indeed we cannot expect the Bitcoin price to rise too high by returning to the ATH price.

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August 21, 2022, 05:00:49 AM
 #62

I dont say ATH but BTC can act more positively then it is right now, its beyond the horizon.   If that estimated higher price then now is beyond sight its hard to guess on it really.   We dont have positive price action to go on for now, I can say the 50 day average is rising and that counts for something.   50 MA is only medium term at best, lets say the 200 day is fair target there or near about as a rough guide for this year.  
  We must both regain the 200 day average, then also turn it around which will require larger portions of time and volume to come, more then this year has left imo;  hence 200 day MA is my approximate limit for our reasonable target to this year from here on.   We could see prior instances to compare possibly but think Im correct time to process is required now.

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August 21, 2022, 10:43:50 AM
 #63

I dont say ATH but BTC can act more positively then it is right now, its beyond the horizon.   If that estimated higher price then now is beyond sight its hard to guess on it really.   We dont have positive price action to go on for now, I can say the 50 day average is rising and that counts for something.   50 MA is only medium term at best, lets say the 200 day is fair target there or near about as a rough guide for this year.  
  We must both regain the 200 day average, then also turn it around which will require larger portions of time and volume to come, more then this year has left imo;  hence 200 day MA is my approximate limit for our reasonable target to this year from here on.   We could see prior instances to compare possibly but think Im correct time to process is required now.

Relatively speaking, ATH is only about 250% away from now, and that's after a pullback from some serious rallying amidst tough financial/economic figures in the past couple of months.

Of course, that ignores the general sentiment that there must be some bad news yet to come around the many coming corners -- so yeah, I wouldn't be talking about ATHs until after the next halving.

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