Now many people are talking bitcoin's price will grow more.
What do you think about it?
That what bitcoin does. It stays down for a long time, it stays low low low low low and than BAM! price goes up in a jiffy. Next huge bubble will happen in less than a week. I mean it always was like that. Back in November price went to $20k so quickly, yet to drop it to $5800 dollar levels took over 6 months. Now it went up 1500-2000 dollars in less than a week. When it is going down it is going down slowly, when its going up its going up very quickly.
Although this is not the price increment that we are waiting for in which this is still very slow price movement increase compared to last year performance but still this is better than Bitcoin price is continue to fall down as we thought that it will reach as low as $5,000.
Yes, bitcoin once again proves its capability and as usual we are all going wrong. I believe this rally will continue till prices are reaching up to $10k levels. Like many other people here, I am also expecting a new all-time high prices within the year. But we need more confirmation for that to happen like bitcoin must sustain around $10k levels so that it can break that big psychological resistance then it will definitely move toward $15k and then $20k.
Bitcoin is very volatile, it's hard to predict when high is high and when low is low. It's good to hear that bitcoin is constantly making progress. Though we cannot be sure with until when it will sustain its higher value, but I trust its potential that it can fully-recover at the course of time. It's best to stay prepared, patient, positive, continue being committed, and not to lose hope.
