In my opinion, the price of bitcoin will still experience a bullish trend in the midst of a green market like today. Although later the price will drop occasionally and that is only natural because crypto prices often experience rapid increases and decreases. Therefore it seems that the next bitcoin price target will be around $48k within this week.
There will be a lot of ups and downs before we can get to $48,000 at least. It seems that the market has stagnated to $43,000 for this week. Maybe the bulls doesn't have the final push or the market is on a wait and see basis. Usually this happens if we go and try to break a big barrier like $45,000 and then we fail. So we will see if the bullish trend will continue, but I wouldn't be surprised if we are going on a sideways pattern.
True. We are used to witness volatility in Bitcoin market that I consider an opportunity to make money by proper risk management and avoiding impulsive decisions. last week Bitcoin was down because of negative news coming from Ukraine but this weeks seems good and most likely we will see closing of weekly candle above 46K.
And now another surprise spike in the market, we are almost $45k today.
Just shows how the market is very volatile and hard to predict. Last week, it seems that the bull run is over, but in the last 24 hours, despite the so called war in Russia vs Ukraine the price goes up and the network is somewhat clogged again because I try to transact with the usual fees and it is still pending, meaning many are also doing the same and the buying and selling are very high causing the fees to somewhat go up as well.