over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.
In my opinion, the bitcoin market movement is currently undergoing a correction. It was the aftermath of the sell-off due to concerns about the banning effect of China Evergrande Group and investors focusing on the policy direction of the United States central bank, the Federal Reserve. But I think this decline is still within reasonable limits considering Bitcoin still has the potential to increase again.