I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.
But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.
Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.
On the contrary, my prediction is also wrong, $45k is not going to be reach with how the price is moving in the last 24 hours as it goes down again, to $39k. So there is no momentum, no push at all from the bulls. And even there is such positive news from Australia, still the market can't hold as there is obvious selling pressures. Full week now before the end of April, and hopefully $40k could still be the price.
Everyone seems surprised by the price of Bitcoin dropping back to $39k, whereas previously Bitcoin managed to rise to $41k. I also thought
the price of Bitcoin could continue to rise and pass the $45k price, but the reality is not like that. But I'm still quite optimistic that the Bitcoin price
won't drop any lower, because it's been down to $38k before, not long after that the price went up again. So don't worry about the Bitcoin price
dropping right now, because it's a common thing that happens. As long as we can be patient and have faith in the future of Bitcoin, there is no need
to doubt the current situation. Because the decline in Bitcoin will not last long, in current conditions we only need to hold the Bitcoin we have.
Due to panic and selling Bitcoin at a low price, it's a mistake and we should not do it if we do not want to regret it later.