Bitcoin Pulls Back from $49,000

In the latest surge by Bitcoin, the digital currency has managed to hit a high of $49,000 on Friday. This comes in the wake of news that Mastercard has joined the list of financial institutions accepting the cryptocurrency.

The digital currency made a minor pullback from its all-time high and currently trades in the $47,000 region.

Analysts have predicted that Bitcoin may reach $50,000, and some are optimistic that within the upcoming years, the cryptocurrency may see $100,000.

In the upcoming weeks, investors may see a considerable dip for other buyers to join the market and prop up the cryptocurrency further for its target.