With Bitcoin approaching $50,000, there is probably no reason why we should be afraid that it will still fall down below $20,000 within the year. Elon has jumped in the bandwagon.
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So dipping to at least $20,000 is unlikely, but there's still a lot of months to go before the end of the year unexpected things might happened.
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we have a long way to go before we can say btc will not fall down below 20k. another 10months more in the calendar.
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About bitcoin value then we do have strong support below and its just hard to believe on for going back to 20k but hey this market is really unpredictable and its really
hard to ignore those possibilities.
Yes, anything can happen in the crypto market, no one knows the future the best thing we can do just speculate and try to understand the movement of the market by seeing volume change, time gap, demand and indicator.
Market will go below or not it is not the actual fact, I have been able to take at least one lesson after being associated with the cryptocurrency for 9 long years-
In Bitcoin's world, no one loses their money for the price going down. People only lose money for their timing.the market may go up and market can go down but ultimately the market always goes up.
Of course, such an increase in the value of bitcoin, as has been observed recently, will seriously affect gaming sites focused on cryptocurrency. First of all, an increase in transaction fees is becoming relevant. Already, in the bitcoin network, the average cost of a commission is more than $ 10, for simple Ethereum transactions more than $ 6, and for Ethereum smart contracts, it is generally more than $ 20. These processes will seriously change the audience of players, because in countries with a low standard of living, $ 10 is already a very decent amount. Players from such countries will simply not be able to use the gaming services. And this is a serious problem for the development of the entire gaming industry in cryptocurrency.