Since the last few days the price of bitcoin has again experienced a significant increase in the crypto market. I predict that bitcoin's current rise in price is likely to be on an upward trajectory until it reaches the $60k level again. Therefore, if more countries adopt bitcoin-like EL Salvador, then the bitcoin bullish phase will continue until it sets another new ATH record.
Yes at the moment bitcoin price is already above $44,000 which is a significant price gain but this is not the first time bitcoin is reaching that price early Monday this week we saw Bitcoin recovering up to $44,800 before it corrected back sharply on Tuesday this week and now it gradually building a strong resistance at 40k region which is a bull sign and momentum.