We are just being optimistic about it's growth but it will definitely go up in the long run phase because of mass adoption and less supply.At this time we are seeing progress in btc so in the long run also it will continue to rise but we will see lot of fluctuations also.I am hoping that soon $30k price range will be crossed so let's hope for the best and see what happens next.
I never read any predictions that Bitcoin will rise to its current price. All the forecasts I saw showed that the price will depreciate or remain stable at maybe $20,000 till next year. The currentt mini-bull run has shown that Bitcoin price movement cannot be predicted. Bitcoin adoption is getting stronger every day because awareness is growing. Bitcoin critics mocked the sector because of the fall of some crypto ventures last year. This year the same critics are seeing banks fail thereby making people seek other alternatives. More banks will still fail this year and it might keep affecting the price of bitcoin positively.