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
I don’t really know about this, it’s just like when the price got to 20,000 dollars and most of us had a doubt that it was going to go any further but it kept moving and entered 30,000 dollars. Same thing repeated when the price was 40,000 dollars , none of us expected the price to reach this far.
So with all these things that have happened , I can’t say that I know what’s going to happen, although the price has been kind of sliding back , but it can still start going up again, and especially now that there are lots of institutions that have invested their money in the market. I’m only just going to wait and see what’s going to happen, but as for me I feel it can go down any moment from now. There are also people who are saying that we are heading for 100,000 dollars.