I personally still expect recovery in the next 1-2 months, this means the price may increase until June.
Volatility is inevitable even bitcoin has fallen by almost $2k in the last one day. But on TF 1month, we still get green candle to allow this optimism to remain. So there's no debate, it's just pure speculation.
I'm also expecting price to continue it's recovery until June/July time, that would complete a solid 6-month recovery from the lows (time-wise) that Bitcoin often is able to achieve when trends reverse. My only real concern is the split sentiment in the market; that of overly bearish still waiting for $10K/12K, or otherwise overly bullish expecting $40K to $50K. So while the recovery may continue, it could be a more sideways than up.
That's true, but the current market sentiment is most likely just due to some sell-off by investors who have been waiting for recovery for quite some time. I think this sentiment will only shift by itself as market conditions strengthen.
I tend to expect that the behavior of these investors and traders will change due to bitcoin's strong fundamentals moving up, but either way, we could also get a correction or maybe sideway until the end of April. A change in trend is likely to occur after the next two months, which means that we are still safe to expect this recovery to continue into June/ mid of July.
I believe $40k will be hit if the scenario I mentioned above is real.
Of course I expect price increase is still very likely in the next 1 to 2 months, and hopefully that will be true.
I think $40K is fairly average/reasonable price for Bitcoin based on different averages, so the question is more when this will be reached as opposed to if it will be imo. I do think that if we see this price in the coming months then there's is more chance of a continued rally up to $50K, even $60K, but otherwise if price stagnates below $30K then it could take until next year to return to the $40K level.
Regarding your question, I think it must be difficult for anyone to answer, mate.
But still, $40k can be expected during early May as I consider the rest of April to be sideways. So I hope we can actually be patient about that.
Since 2023 we have enjoyed a period of recovery in the bitcoin price that still does not stop until mid-April.
I believe this is a period that we should enjoy after a year we have been down. Bitcoin fell to the $15k area, then recovered gradually to break through $31k in April 2023.
If you look at the chart movements at the beginning of the year until now it shows recovery because it has indicated a good green chart, it means that this year is the highest peak even though it is still far from ATH because it is not the time before the halving occurs, as long as the period is still ongoing we can still enjoy the bull movement is slow but can last for several months, while the bear market is still not strong enough to fight the direction from the bottom which is still showing good movement but I think the current pump will still continue in my assumption.
Yes, I saw it too. April is the fourth month in the bitcoin price recovery process but it is still possible to expect another two month highs. However, you should be very careful about the price after July because there is a possibility of a down trend movement.
Even though market conditions have been pretty good over the last 4 months, it is not uncommon to expect a big correction for the rest of the year (before the halving). I don't know if that's true, but it's just a possibility based on my analysis.