Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats

Read Time:38 Second

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.

will bitcoin break $50k
cointelegraph price analysis
cardano overvalued
btc price analysis
bitcoin correction

Author

Tommy Pendridge

Follow Tommy for a blend of expert advice, market insights, and humor that makes the volatile world of cryptocurrency a little less daunting and a lot more fun. Whether you're looking to invest, understand, or just enjoy the ride, Tommy is your guide through the cryptoverse.