there have been alot of talk over what the market price of cryptocurrencies will be before the advent of the bear market.there were so many forcast that cryptocurrency most especially Bitcoin will hit $100k by the end of 2022,unfortunately the market has not been friendly since late last year , the general crypto market has seen alot of down fall in price and Bitcoin which is the king of cryptocurrencies saw a drastic fall in price, the price of Bitcoin fell from it's all time high of $69k to its present price and since then has been struggling to even hit $20k.
I so much understand that cryptos are very volatile and anything can happen at anytime with price , if the market wants to be bullish within days, the price of cryptos can change but with the situation of the market it's hard to judge when the market will be bullish because there have been many instances that one think the market is going bullish and before you know it , it goes the other way. for the past few days there has been a slight increase in the total market cap of cryptos, at the moment the total market cap of crypto is $1.9trillion . Bitcoin is over $21k,there are also increase in other cryptos such as Ethereum also saw an increase in price. of course we know that other cryptos can't be left out as long as the price of bitcoin is going bullish or bearish.
now we have begin to see the market gradually going bullish again but for how long, can we now expect a full blown bullish market or it's just the usual style of short bullish market then followed by the long bearish run. whatever it is we just have to be optimistic.so now I need to ask this question are we still to expect that Bitcoin can still hit $100k this year and if yes what are your future forecast for the crypto market in the next five years,in my own opinion I will say that in five years time the crypto market will be multiple times more than the present market price .so fellas of hive what's your prediction concerning crypto price for the next five years?