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?
This week has been so challenging for bitcoin, by now predictions was too hard to foretell since market was very tough. You can see times it goes up and down, so basically traders with weak hearts tends to panic even though little fluctuations. Currently we're at $48k per btc, if it won't rise until the last day of August I am looking forward starting September $50k will begun initiate a commendable value.
It is very difficult to reach the price of $50k, it has decreased several times. But now Bitcoin has gone up to $49k, meaning that only a little more
the price of $50k can be reached. Hopefully in the next few days Bitcoin manages to rise to the price of $50k. Especially now that there is
no FUD circulating, the $50k target should be achieved this week. If the Bitcoin crosses the $50k price, this will make it easier for Bitcoin to reach
a price of $60k.