For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price.
All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?
Seriously, we have more than 300 days to achieve this goal. Bitcoin has 10x its previous dip in 2020 and therefore, I believe bitcoin has enough power to reach $50k in this year. Before that, there will be a lot of test to see whether bitcoin is capable of sustain above $30000 All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?
Do not lose your hope in bitcoin. It has performed quite well recently. Maybe it is a time for bitcoin to rest. Moreover, Chinese new year is coming and Asians tent to sell bitcoin so as to have money for this enormous celebration