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.
No matter how the market conditions looks like, in an unpredictable market like this, everything is possible. But if am that being practical and would stick to the struggles we are currently experiencing, for me bitcoin will not reach a remarkable price this year. We are almost at the last quarter of the year, and yet the price is still in $20k range, although bitcoin may recover but it will never end up with its new ATH this year. That’s only my thought.