Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.
I think it's difficult to say it now that bitcoin will reach $8000 because some exchange have difficulties about USDT and tether decision let's see what will be happen in a next few days and weeks about the price.
I actually strongly believe that there will be a significant change for bitcoin, we know that at the moment it has already broken through $ 7K, this means that there is a good movement to be able to continue to move up. this is a momentum for bitcoin to start moving up and it could be the beginning of events like 2017.
I find this to be better than the 2017, we haven't crossed the second quarter of the year. Possibly by the end of the second quarter we can expect the market to reach $10000 and further there might be some form of gradual growth which would take the price forward reaching new ath before the month of halving.
So far, we can say that Bitcoin continues to grow non-stop in price and after the longest period of the bear market, this cannot but please us. And this happens in the present tense. If an hour ago the price of Bitcoin, according to CoinMarketCap, was 7185 dollars, now it is already at the mark of 7200 dollars. Of course, at this rate, he may well overcome the price of $ 8,000 and this can happen as early as next week. However, Bitcoin is unpredictable in price. At what price level it will stop and whether it will go on correction soon, while we cannot predict.
For me going up and down the price of bitcoin is normal if we look at it from the start, yesterday reached a price of more than $ 8,000 and is now back down at the price of $ 7300. I will remain optimistic about the increase in bitcoin prices which will continue to grow well. Buy now and hold it until the beginning of the third quarter. It is likely to reach $ 10k. That's my prediction and hopefully so.