Post
Topic
Board Speculation
Re: Bitcoin Breaks Past The $40,000 Barrier Again?
by
the ghabbar
on 24/04/2022, 14:08:45 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.
Bitcoin's reaction in the market actually reverses with its usual conditions, which we often see bitcoin strengthen and then be followed by altcoins, but that's the market condition, when an analysis is made, it is possible that it is wrong, therefore it cannot be used as a reference as a source of trust, and under these conditions I believe bitcoin will experience a slow recovery, until it reaches the highest price point for the future