Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.
The price IMO will go up even close to a new ATH before December. It touched $50,000 few days ago and we are yet entering the pick season of festivity. This means there are more possibility for upwards than bearish. It is speculative both ways but the greater chance is for bull. The price barely dropped a little below $50,000 and that might be a correction for two weeks bull stretch, the bull will continue afterwards.
I do believe that it will go up but ATH is a bit of a exciting situation that may not happen unless we get a huge hype. Don't get me wrong a huge hype is not something that is unheard of in the crypto world, we have seen stuff like that happen all the time before and we may end up seeing it again, we have seen it go from under 10k to over 60k so it would not shock me to see it go from 50k to 60k+ because that would be easy.
However this "easy" is only when the whole community believes that it will happen, same community saw bitcoin go from 64k to 30k as well, so it could go up a lot, go to 100k, or it could drop a lot, go to 10k as well, they are all possible. Which is why I believe that it will go up, it always goes up, but I am not putting a certain price point to it, it is too difficult to decide where the price will be in the future runs.