Re: Bitcoin price stay above $40000?

Somehow we are really that making out some positive movement as of this writing but dont anticipate much that price would be shooting up.

And it just hit $41k again.

This is the positive development that we're seeing right now. I don't know the reason for it but it's just probably the usual market reaction from what we're seeing which includes the war.

Maybe this is the reason for it, Ukraine is about to legalize crypto.

--> https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

even Russia is looking at this phase mate , legalizing Bitcoin same as how Ukraine is planning .

What i believe is that hitting 41k is not enough in our position now, maybe it is better to stay above 45k and may climb high more as the years moving .

though I hate admitting that dropping below that price may happen any moment again.

We have no idea if it's going to stay there for so long.

If it can't handle $40k then $45k is unlikely to be held when it comes. Whether we like it or not, the volatility of bitcoin cannot be predicted accurately.

And that's what we like to see for its price, to be always at a higher level because that makes the value that we hold higher.