We are not far away from this milestone and it is very much possible for bitcoin to cross the milestone of $50k again within some days. At the end of every year and the beginning of year, we see great movement of bitcoin and we are now in this stage. So we can expect good thing from bitcoin.
We have touch $50k very briefly in the last 30 minutes, so that is already a good news. And another indication that we are in the bullish phase. But I would say that it might take at least 24 to 48 hours to sustain that price as it is bouncing around.
Nevertheless, I would expect good things, the future is bring, we might go and attempt for a new all time high this December, so stay tune.
The price is still at $50,000 right now. That wasn't just a brief touch with it. The reason why it may still grab, let go, grab, let go, grab, etc of the $50,000 is that there is clearly a battle with it. $50,000 is a hard resistance to conquer but I believe it is a very important price that once conquered will push us up even further probably straight to $60,000 or even a new all time high.
It helps that news are rather good these days. Coinbase committing $500 million more to crypto especially Bitcoin. PayPal finally offering crypto buying and selling in the UK. Among other good news.