In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.
Maybe this post is more appropriate to ask today as the halving is days before to happen and the
market is showing weak hold in each positions specially bitcoin so for me this might be the downfall, 50k
level is coming and we cannot assure our keeping and with that better be ready to what may happen
any time soon.
I wouldn’t be confident to say that this correction will lead to $50k or below. I still have high hopes that what is happening is just temporary. Bitcoin price may drop below $60k but it won’t crossed again $50k, as the current price is starting to recover again and is seen rising again until it crossed above $70k.