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.
Same impression here, when we went down to $57k, I thought about this thread and I say that OP might have seen what's going to happen as we might go down deep to $50k. But now, the price has bounce back to $64k and what a recovery by the market.
Although it might have some investors getting nervous about the price going down, but it has recovered already so we might sleep very well at night moving forward. And this could be the start of what we are all been wanting to see, a bitcoin bull run this year and looking for 6 digit price range.