Of course the Bitcoin market will be pumping. We have seen a peak in Bitcoin. Bitcoin reached a high of $69,000. From there, the market has been dumping a lot. Currently, the Bitcoin market is standing between $17,000. By filling this gap, Bitcoin will occupy a place that people have never imagined. But those of you who have invested just wait for a while, be patient, maybe between 2024 and 2025, the Bitcoin market will set a new record.
Good to see that Bitcoin opened green this morning and current price is $17,262 which is above its pivot point of 17,095 and next resistance on day chart 17,424 which I hope will be broken as trading volume is reasonable. The US dollar index is also weak which is good for Bitcoin market. Market is waiting for CPI data release next week which might act as trigger to change market sentiment.
Nothing to worry for long term investors as Bitcoin will certainly break its previous ATH in coming months and years.