Since a few months ago, a lot of people have been having discussions about the price of Bitcoin whether it will reach the price of $50K. Precisely today, the Cryptocurrency market seems to answer the analysis of many people about the price of Bitcoin that today Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.
If we have a look at past post halving period, then we can say that we should expect constant price rises but the most significant and amazing rise will be at the end of the year. Also, at the moment we can say that the situation is going exactly as it was going back in 2017. Bitcoin went up to 60K, then went own to 30K and then it started rise and become 50K. This is a good signal, it means that 50K is a new standard for bitcoin right now and the next bullish movement will be far greaters, without doubt, we should expect more than 100K. I even think that reaching 100K will give bitcoin's price a significant boost.