But the question is; is it possible for bitcoin to reach $60k by this year? No serious bulls happening currently and if it continues in this little increase probably it will not get anywhere close to $60k. Share your views.
Chances are it's still in Bitcoin, but it's still too far to expect $60K from now on because you can see for yourself how Bitcoin has gotten price action lately that even though it's still looking tough to hold on and get past $30K, even though it's possible to pass the price it has not disappeared in Bitcoin even though corrections in a short time still occur in Bitcoin.
As it stands this year, it could reach close to $60,000 by the end of the year. Right now the market is close to $30k dollars, if the market reaches $60k dollars, it will have to increase twice from the current market. This is likely to happen when the market rises like a bull run. I think the market may cross $50k by this year and grow the most in the next year.
If you have to expect twice the current price, in my opinion that is still too big because for me if Bitcoin can be at $ 40K this year it is much better to assess the level of price recovery. So I am more optimistic to hope at a price level that is not much greater than double the current price of Bitcoin.