I didn't doubt that the bitcoin will really make a new all time high, as I mention before there are so many people who are getting hype of this bitcoin and many people are still buying it although they know that the price of this is very high and it is because of the hype that was bring by different famous people who accepted bitcoin. Great run guys! Again if it breaks the $50,000 then probably there is a chance that it may go over $60,000, let's see when it will be.
Honestly, it was not really surprising and everyone is kinda expecting bitcoin to break the 50k$ mark in the market. A lot of big companies are interested in bitcoin and investing in it just like Tesla, Uber, etc. There are as well a lot of famous people and whales that are supporting bitcoin giving it a high demand in the market. Easily we could reach 100k$ in the market this 2021 and probably next month we could expect 60k$ already just because of so many good articles and news about bitcoin from last week.
Yes 50k is good signal but it will take much tome to reach 60 k . If you follow BitBoyCrypto on YouTube, he has an interesting theory on this drop and why BTC didn’t hit $60K and Ethereum didn’t hit $3K like expected. He believes that it’s being manipulated. Go watch his videos if you get a chance.
There are obviously a lot of manipulations in the market and it happened a lot in the bull market. They just need to keep the market price low in order to make a profit because bitcoin could easily skyrocket if people just continue to invest and invest in the bitcoin.