Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?
Some facts that you should take into consideration before you make a price prediction:
No one can give you a good forecast for Bitcoin in the long term (more than 6 months).
All we can predict is based on the analysis of previous data, and it will be wrong due to the current economic changes.
Therefore, he understood it, the person was a professional in trading, so all he will tell you is the possibility that prices will reach that level with a low level of certainty, and given that the price will face a strong resistance barrier at 30k, and we may not witness more interest rate hikes. The level of 40k is possible, but the price will not continue above That level long.