In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?
I agree. It might hit $40k within this month if it continues its uptrend. However, We haven't seen yet the correction in the graph of BTC since September, I believe. I think there will be a point within this year that its price will drop drastically, and some small BTC holders might do a panic selling when that happens. I also agree that this crazy increase in BTC value is brought by big whales trading BTC within themselves. I don't want to be a Nostradamus guessing what is happening behind the scene, but I'm just a bit skeptical with how it continues to increase when there mining of BTC continues.