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.
also challenging for us investors , because the price is not going anywhere from 46-50k range , so the traders is making harder to make money and holders are also having hard time to decide when to sell or buy.
but this proves one thing , that bitcoin support is still strong and worth invsting till now.
looking for at least 60,000 before end of 2021 .