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?
Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.
I think that at this point it is very obvious that we are going to reach another all time high during this year and to me that is still a very conservative estimate about what the price of bitcoin can do, I really think that there is a very high expectation that bitcoin is going to skyrocket at the end of the year and if bitcoin at that time is close enough to the all time high then we will see massive hype building up and easily reaching that price and not only it will reach that price but it will surpass it easily.