Last Saturday, Bitcoin claimed another new milestone by breaking the $5,000 mark and attaining a new all-time high price of $5,014 in various digital currency exchanges. However, Bitcoin did not stay for long above the $5,000 range since after 15-20 minutes of staying and trading on top, it suddenly dropped below the new milestone mark.
As of the writing of this post, Bitcoin is heavily trading at around $4,650+ in various digital currency exchanges.
Many analysts predict that Bitcoin may reach the $5,500 mark by the end of September. However, anti-crypto analysts believe that Bitcoin is in a bubble that is nearing a possible burst and may drop below the $3,000 mark in a month or so.
For us, these are only predictions and actual outcomes are highly uncertain considering the high volatility of the market. The only thing we can do is hope for the best and always expect for the worst. Let us see if Bitcoin can sustain this increasing momentum in the coming days and weeks.
