This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?
An linearly trend happened last week and it almost cross the $42K mark. A healthy correction happened which pulled BTC down back to 38K area and bounces back again to $44K which I believe could breakout again to 50K. I believe this bull run could be strong than what happened before and could potentially surpass the all time high within a year.
It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.
Yeah we can't predict but we can determine its price range using the current trend and bullishness analysis by charts and experts.