Well, the price of bitcoin did already reached $50,000 and a little above it, but right now, I think we are in the middle of another major correction which has brought bitcoin back down to around $48,000 at the time of writing this comment.
It is commonly said that when a bull wants to go forward, it's first pull itself backwards, then with that force, it will run forward, I am personally expecting bitcoin to retain and continue its bullish trend as soon as it's done with this correction.
The much anticipated bull run this year and next year will be phenomenal from what I've seen so far, bitcoin starting a bull run with price at or above $50,000 simply means that we might see a new all time high of around $120,000 if not more.