Currently its ATH is at $49k which is hitting a new record again. Will it reach $50k before the first quarter of the year or it’ll be bearish after. It’s a good thing a lot of people are now investing bitcoin, I know a lot of my family and friends who have just invested early last year and just realized they should’ve invested way way before when I told them 4 years ago.
Even if we didn't hit $50k in the first quarter of 2021, does it mean that we are in bearish mode again.
Again, bitcoin's narrative has change a lot with this huge money coming from big companies like Tesla. So I think we just started the bullish phase with just minor drop in prices. But I do agree that $50k is a big barrier for now. We almost at arm's way but then again after setting a new all time high yesterday, we see some sell-off. And so again we will try to attempt this big mental barrier again this week and we could be successful.