The overall macro prospective for Bitcoin is very positive and with the Bitcoin strategic reserves and other countries following it we cannot imagine how high the price of Bitcoin will be in the next few months and years.
However this is not that we will move up straight and there will be lot of ups and downs. Talking about the current price action for Bitcoin, the prices ranging from 89k to 106k and this has been a range bound market for quite sometime now. This range can break at either side, either we will see all time high again or we may see another pull back before going to all time high.
Bitcoin price has indeed seen a much faster increase and that can be seen from the number of adoptions that have started to happen and even strategic reserves are being talked about by most countries and companies now. This shows a positive trend towards the journey of Bitcoin despite the price being volatile along the way and the more adoption that happens the better the prospects of the journey of Bitcoin in the future. Regarding the ups and downs in the journey of the price, it is a natural thing because it is impossible for it to change quickly according to desire and if it doesn’t look speculative it might not be called Bitcoin.
There are many reasons for the increase or decrease and it happens based on several events as it has happened in bitcoin. But the reason for supply and demand is a big thing that affects bitcoin to continue to grow as it is now. Even in the near future it is possible that we will see prices higher than before and I predict that it will happen in the month of June based on several combined analyses by analysts.