Bitcoin Price Above $50K ‘Not Insane at All’ According to Cointelegraph

Investor and research analyst Tuur Demeester believes that Bitcoin will likely not drop below $6,000 following the upcoming rewards halving, with the potential for the price to reach at least $50,000 in the future.

In a video shared on a prominent cryptocurrency research firm’s YouTube channel on May 18, Demeester stated that Bitcoin (BTC) is currently “back in a bull market” after the halving, suggesting that the lows experienced during the March market downturn, where prices fell to the $3,000-$4,000 range, are now behind us.

Demeester’s insights reflect a growing optimism about Bitcoin’s future pricing trajectory.