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.
They are right thinking that Bitcoin will reach back $50k after the huge correction. I guess we all thinking about the bearish situation after hitting $60k plus the market turns into different and facing an opposite direction. It was great seeing this scenario and I foresee this it sustain until the end of this year. There is a lot of markets drama around but people are to keep ignoring them but in fact, it had to show the adoption has to get stronger and bigger.
Of course it will hit 50k, I mean think about how it is that easy to go there when we did it 3 times in total for the past 2 months. Firstly, it was the first jump from 30k levels to suddenly to 45k levels that eventually reached to 50k. After that dropped and went back to 47k we had another to 50k and then dropped to 47k, and now we had gone to 52k from that drop to increase period and moved to 44-45k levels once again.
So, whenever we went low in the past 2 months, we go over 50k then back to under 50k and then back to over 50k. It is quite simple and we could have that again, doesn't mean we will be 100k but it surely looks like that 50k is quite easy to handle.