Post
Topic
Board Speculation
Re: Bitcoin Breaks Past The $40,000 Barrier Again?
by
mia_houston
on 24/03/2022, 14:50:05 UTC
The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the  increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.