Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people to hold their Bitcoins and even buy more now cause it will surely rise again.
Holding your coins is without a doubt a good choice if you are thinking about the long term potential of bitcoin, however we also need to be realistic, the chances that bitcoin is going to go up in price before the end of the year are probably not very good, I think that at best we could reach 30,000 dollars and to me that is the best case scenario, I think it is more likely that we are going to remain at current levels for a very long time and maybe even see a further decrease before this year ends.