The popularity of Bitcoin is increasing day by day. We are now seeing in the news every day that different countries and banks of different countries are promising to keep Bitcoin in their reserves. If different countries and banks of different countries promise to keep Bitcoin in their reserves, then Bitcoin may not come below $50,000, I think Bitcoin will go above $100,000.
As at now 9:21am WAT, Bitcoin price is $99,180 which is below $100k. What does this mean actually? Well, it means the actions from government and some of these institutions can actually trigger the price of Bitcoin to certain level but it doesn't mean it would stabilise the price at stagnation without declining. However, I'm not saying we are going to witness the price going as low as $50k but on the other hand, we can not comfortably refute it's possibility. In the last bear, we witnessed the price going below $16k which no one really expected. Although, from the recent trends we can be confident that we'll likely not go to as low as $50k but of course, we can not completely relied on it. You have to expect the unexpected.