Since a few months ago, a lot of people have been having discussions about the price of Bitcoin whether it will reach the price of $50K. Precisely today, the Cryptocurrency market seems to answer the analysis of many people about the price of Bitcoin that today Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.
The way the market behaved for the past few months suggests to me that this is the 2nd phase of the bull run.
So, no the way I see it BTC won't be 50K by the end of the year but at a much higher price - this is my personal opinion, and so I don't recommend making investments based on this.
In any case, I feel bullish.... Come on BTC, you can do it
Following PlanB's S2F model there is no way we are going to be stuck at $50k at the
end of the year. It points to a rise in Bitcoin's value.
Will Bitcoin go down? probably, we have already seen a drop today.
How far will it drop? nobody knows, anything can happen, indeed look at what happened
last year with COVID and the effects that had on world economics and in turn Bitcoin.
In this bullish market PlanB estimates an average low of ~$43k and an average high
around the middle of next year of ~$288k or $266k (i cant find the article ATM)