Though I'm optimistic that a reversal, upward trend awaits the bitcoin price
and I see it going to a 52-55k upward trend when this happens.
Let's see what it has to offer us in its next movement.
The situation like that has already taken place, the market has reached over $50,000 and dropped back to $40,000. Funny enough there are people who has predicted that before the year runs out that we are going to see the price of Bitcoin reach over $300,000, now the year is slowly coming to an end and we haven’t seen anything that will motivate us to believe that we are going to reach a price that is as close to that.
But, I believe we’re still going to have another shot and that’s $50,000 or maybe $60,000, any one of them is possible. But I am not sure of anything more than that. Then as from next year we will see what the price in the market holds for us