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.
There is so much volatility going on at the moment but with the recent Bitcoin halving we had, usually there is a tendance of price dipping then it consolidates most of the time... And after a couple of months later the effects of the halving take place...
So in a nutshell, price shouldn't dip below $60K for us to see a new All time high this year and once a psychological barrier is formed we can now speculate about the 70K or maybe even $80K this year for sure...