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.
The way the price of bitcoin started falling I thought that bitcoin might come down to $50k but now the market has started to rise again now the price of bitcoin is 61k plus. Currently, it is very difficult to understand by looking at the market, whether the price of Bitcoin will not decrease or will start to increase a lot. But I don't think Bitcoin price will come down to $50k dollars. No one can say exactly when the bull run will start but hopefully the bull run may start by the end of this year or next year. Hopefully if the Bullrun starts then Bitcoin can hit $100k by the end of this year or next year. No one can accurately predict the price of Bitcoin.
There are even those speculations that circles around that it might be going down again on 50k below or the worst maybe 48k then 42k but the price didnt hit up that low or we might be seeing some fake pump on here before disaster happens? No one could really be able to know on whats happening in the market today on which we know that its always been that unpredictable and there's no way that we could really be able to tell on where it would be heading. Somewhat with the use of those indicators plus having those fundamentals around then you could really be able to assume out that it might be this and that but actually no one really knows on what could happen on the next minute,days or weeks or months. The important thing on here is that you do really know on what you should gonna do on the time that the market will really be going up and down.
Whether you would really be holding up your position or you would really be making out such DCA's or whatsoever that you could really be able to think off with.