It wasn't a surprise because bitcoin was close to $50k price for a couple of weeks but will it be stable there ?
During the next week will the price be heading downward because of sellers making profits or is it going upward when the next price to generate media interest will be $75k ?
It's difficult to work out if it's going to stay stable at $48k - $50k
That's the real deal behind the price moment is most likely from all of the faithful institutional investors pouring into the sector, probably from Tesla and others who are spreading the good faith about cryptocurrency.
The current market seems bullish, but we have reached passed our $50,000 ceiling so who really knows exactly where the price could be heading to next? I like to remain optimistic however, especially within the face of uncertainty. What else could one do?