On Sunday Bitcoin (BTC) price revved up to rally from $7,115 to $7,642, providing a 7% gain and an unexpectedly strong weekly close, which now has some analysts suggesting that a trend reversal is in the making.
I like seeing the market going up and i am not sure what is the magic behind it, what ever it may be the speculation was accurate as the market is moving higher and even today the market has risen to $7600 and hopefully we might move higher but i am yet to know the reason for the trend reversal when there is two days before Christmas, i was expecting this reversal after the holidays but bitcoin market always surprises us.
Bitcoin always bring surprises the more we expect things to happen the more it reverse the directions. Now we are again in a good rising momentum
not sure if how far this rise will go but being optimistic it's best to believe that the market will proceed and try to bounce up much higher than $8K.
looking forward to see more positive impact and good reversal to happen.