Where are $50k and $60k Price Targets Coming From?

Based on the trend of the market over the past two weeks, the $50,000 price target for BTC of many large investors and experts seem highly unlikely.

In essence, $50,000 and $60,000 BTC price targets by the end of 2018 are based on an assumption that a significant change can be made on the regulatory side of the cryptocurrency sector that can enable various publicly tradable instruments like bitcoin exchange-traded funds (ETFs).

Bitcoin could certainly rebound past its all-time high and eye a rally to $50,000 in the long-term. As Coinbase CTO Balaji Srinivasan said, the crypto sector has always gone through the pattern of bubble-crash-build-rally since 2010.

Bitcoin price is moving on a downward slope as it slips down to $6,175. According to Joseph Carson, the Chief Security Scientist at Thycotic Software, the most likely scenario for Bitcoin is to die and come down to $43 😭😭😭😭