it is highly unlikely to hit 20 ish. it will pump till 44-45 then comes back down as you can see in recent days (might hit 38 even 34 is possible). having said that, in this market everything is possible. keep up the good work
Ehsan_1307
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@pamador, well, if you study the market in monthly candle you won’t say that. Every cycle in BTC we have around 80% correction.
In daily candle yes there is a weak bounce from 40/42k but are you sure we have such a candles in monthly too? Don’t drown yourself in 4h or daily chart. Have a look at monthly or weekly in the past to have a better view.
Ehsan_1307
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@pamador, if you have been in the market for a couple of years you wouldn’t say that. This analysis, come and check it in May 2022.
pamador
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@Ehsan_1982, not saying you're wrong, not saying you're right neither :). i used daily ones to give you an idea. overall we're in bearish cycle. but i doubt we hit 20, my estimate would be 38 then 34 (pessimistically), otherwise we just hover around 40. plus anything is possible, elon tweets something :). also i just think (:)) china's ban is way for them to dip the market and buy more. not professional advice just a guess. overall BTC dominance is decreasing
@pamador, I have technical reasons that we go down lower than 20k, see my other analysis. But folks come here and say they don’t think it can hit 20k etc without giving any technical analysis. I respect your view but you can’t say you don’t think it will happen without giving a proper reason.