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.
Bitcoin halving have taken place for than a week now and we haven’t seen bitcoin rally down to $50K and the worst it went down was testing less than $60K. Since then it has been fluctuating between $61K-67K which is still a considerable price. For a major push up in price to go above the $70K level and breaking the resistance there, it has to be a touch of the much anticipated bull run that we all have been expecting for quite some time now, if not I don’t see any major pump that can make the market skyrocket above $70K and still not come back and retest it or go back beyond it.