I expect bitcoin to hit $45k anytime soon.
However, looking at the market conditions, it seems that Bitcoin will soon go into the 50K.
So, how do you guys trade according to your targets/predictions? Are you basing your predictions only on a hunch? Because it looks like that.
Trading is a little speculative with the outlook of trend, chart and emotions. Emotions can be drawn from what is happening around. Now bitcoin is getting a lot of positive vibes and that is why it is even stable at $40k above to between $44k and $45k, so that is the expectation and speculation is more high with the adoption news coming up.
Also, you all talk about higher prices than now, but to make trades it does not matter if the price goes up or down, if you are able to predict it you can still earn money.
Yes in between up and down, you can make an order and make profit before it goes south
Some of you make me doubt if you really trade, in the same way that when I see many people saying that they make money with trading, I doubt that they are telling the truth, since more than 90% of traders lose money.
You may be right about the figure or not but the remaining percentage that makes profit are really doing great things with the market, be positive to orders and taking out real profit.