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 $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.
for now Bitcoin is 61k$ from it's all time high 65k$
The US branch of the leading cryptocurrency exchange explained that yesterday’s severe flash crash that saw BTC’s price dumping from $65,000 to $8,700 in mere seconds was because of a bug in the trading algorithm. bit I think this dropping of price will not last long because there is another bullish news posted by wallmart, wallmart installed 200 Bitcoin ATMs on its U. S stores this news will surely make an impact with the price soon.
This will certainly create a huge impact on bitcoin's price as its one way closer to its mass adoption. As for bitcoin price, its $60,630 currently and i think this bullish trend will last long until the end of the year. I might not be so sure but tracing the past history, the last quarter of the year usually starts the bullish season until the last day of the year. So if crypto will still follow the same pattern, then its most likely that we will witness a bullish season throughout the year, and may even extend up to early 2022.