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.
I'd call this period the panic period, you have to see Bitcoin price go against the expected amount as it was suppose to hit $80k and above but you see it dropping at a fast speed, it made some to have that fear that Bitcoin price is going back down to $40k and some even have to sell because of the dear of losing. I feel is just for the time being and the market price would make a new turn back to the ATH which is $73k but as for $100k it won't be now or maybe lose to the end of this year, it depends on how fast Bitcoin price is but for now it is either $69k to $75k.