In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.
Yes, I also think that the price of Bitcoin at $ 12,000 may be the maximum by the end of this year. The closer we come to the end of the year, and the market stands still, the more we realize that there may not be much growth in the cryptocurrency market this year. This will be one of the most stagnant years in the development of cryptocurrency.
Bitcoin price can surprise us all, it happened before many times and be sure that will happen again. 50k dollars for single bitcoin by the end of this year is almost impossible, time period is two short, only two and a half months left, add that nothing big happened, nothing big enough to push the price so high. 10-12k dollars would be a great price for all of us, bitcoin can settle at that range and with 5 digits price we have a good foundation for next year. I don`t expect big changes next year too, bitcoin will struggle to keep new bottom, next big jump can come only if something really big happen, or we need to wait halving.
It didnt happen many times. It just happened once in last year and the reason was high demand for bitcoin, but you will it never again in your life. If the price rose to $20k in real, then why it collapsed to $6k again. The reason was temporary increase and when the manipulators collected huge money the price was settled again. You should understand this.