For a stock that has virtually no fundamental data, the view into the crystal ball is even more clouded.
It could be 40k in a month, it could be 70k, it could be 100k, it could be 10k.
Impossible to say. Think it could still go down in the coming weeks due to SpaceX et. al. FOMO.
Why?
Because perhaps many people who have invested in BTC in the last 2 years and are sitting on losses may switch in search of a new attempt that will make them rich tomorrow.
I think there are also some people who got into Bitcoin quite late. Who will use price rises to get out again without losses. That is why there will probably be setbacks after every rise.
@Georgeous Due to the confluence of several factors: Fibonacci retracement of the entire rally, 200 week EMA and the previous breakout zone around 40-50k. Therefore, I think 45-55k is a realistic range where Bitcoin could find a bottom. But of course nobody has a crystal ball. :)