Is it weird that there still has not been a price correction for bitcoin? What does it depend on?
The market response has been huge as the trust in bitcoin to be a valuable asset. I think this is the impact of many companies buying bitcoin. But I remind you that the correction will definitely come, there is always an over buy, but I don't know when. Better still be careful and not greedy.
I also think that the fact that this year has started with the pandemic has made investors to look at other assets except the usual ones and they have landed at bitcoin which is good.Bitcoin is great as a store of value and maybe even the big investors are realizing it and helping this bull run.I hope this run continues to happen and we land at 100.000 dollars a bitcoin which would be an amazing achievement for the cryptocurrency arena.