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?
Bitcoin price hit the US$50,000 level again as the crypto asset market started to recover from a massive correction three months ago. The recent price rally did not show any significant jumps. However, if more buyers jump in to push the price above the $50,000 level, it could be that Bitcoin is heading towards its mid-term target of $55,000.