Bitcoin back above $50K once again. I would have stuck with BTC, but i only regret that it's a little bit. It's king and all eyes were on $50K. Indeed, this is just the beginning of a huge breakout. Let's hope it keeps pumping and pumping. Better to fill your bags and lets hit the moon together. Let's stop $64K
And back down again... It is not really the powerful push yet that we are looking for. Maybe the news about institutional investors signing up for ETFs or something that I read might help. But it is still not the real momentum that it sometimes has and it also doesn't feel like that.
I think that the way bak to the former all time high will be a bit more cumbersome. Everybody is cautious and doesn't really know, huge news are also not available.
It seems that the Bitcoin price push is not strong enough to rise above the $50k price, because the Bitcoin price corrected back to the $49k price.
But because the price drop is not too far away, it looks like in the near future the price of Bitcoin will go back above the $50k price. To go up to
the previous ATH price is still difficult to be sure, because indeed to be able to return to that price, a large amount of good news is needed. Which is
able to convince many investors, especially big companies to invest in Bitcoin. For now we only need to monitor Bitcoin price developments,
so we can predict where Bitcoin will move. But if we are patient in Bitcoin investment, everything should be fine.