A trader has argued that if Bitcoin hits $59,000 it would be “extremely healthy” for the market. The cryptocurrency is currently trading at around $7,800 after a strong year of gains last year.
The “bitcoin price target” is a prediction that Bitcoin will hit $59,000 by the end of 2020. The trader says that this would be an “extremely healthy” price point.
Bitcoin is currently at $59,000. If it hits $60K, the trader says that it would be “extremely healthy.” However, if it falls below $50K, then this could lead to a bear market. Reference: bitcoin rejects 51k.
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