Bitcoin started this weekend market on a very good note hasn’t broken the 48k price benchmark which has held Bitcoin down for over a week before finally crushing the 48k price resistance level arriving at $48,500 on Friday evening, Bitcoin will inevitably end this week with a market price of $50k.
What is your analysis of this prediction?
If you look at the current condition of bitcoin, the opportunity for the price to rise is greater, it can even exceed what you mentioned, this reason can actually be seen from the development of bitcoin this year, both in the market and its influence on the development of bitcoin itself. This resistance is very sure can penetrate beyond the predictions of many people today.
The market is indeed much better now, there are many newcomers and many institutions who shows interest in this industry,
from how we see now, those influence affects the value of Bitcoin, we may see more higher value than the last time high,
not far from now we might established good barrier and again start to form reaching the last time high and exceed on it.