That's just the idea that came to my mind and it's about the likely of the investors from FB(meta) stock that have sold and then reinvested it into bitcoin.
But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
Yes, this is the most logical reason why the price suddenly skyrocketed, the shift from FB stock to bitcoin market. And this is not just ordinary investors, this are whales, very deep pocket that can put millions upon millions of funds.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
It's still unknown though but I can't just remove that in my mind that there's a possibility even by a little chance. But if not, then so be it.
I hope that it will continue to go back to $50kish to $60kish. That's what we're wanting to see for bitcoin as it gets stable there and even it stays there for a long time.
That's already a win for everybody but right now, it's got to play somewhere around $42k-$44k.
That will be the next jump, $50k'ish is likely with the way the price is moving. We just touch $45k briefly though, but maybe we can gather enough momentum to push the price tomorrow. Another good day for investors and traders to see our portfolio coming into life again. So we will wait this whole week, I have a feeling that $50k will be reach again with this kind of positive sentiments.