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?
Right now Bitcoin is at $35,000 already.
$40,000 can be achievable if Bitcoin will continue its price movement in the next weeks. Bitcoin is moving very rapidly that people can't cope up into it. We see Bitcoin doubled already from $17,000 to $34,000 in less than a month so $40,000 can be reached if holders will not take profit at the $35,000 price.
I'm quite surprised with this parabolic rise to be honest and many didn't expect this to happen also. My previous prediction last year is $15,000-$16,000 but it didn't happen and it doubled. Many are happy with the current price movement of Bitcoin and the crypto market however, we just need to be vigilant and always ready for the worst case scenario because anytime the market can go down like what happened in 2018. All markets need a correction so just be ready if that happens.