The current recovery is only aimed at getting investors back into the crypto market, those who exited the market at the bullish start and when the current price collapses come back again. The market recovered quite well and was able to stay in the $20k price area. But we still have to be vigilant because a bull run may also occur, there will be a decline when the market is saturated enough, some corrections will of course occur. for those who make long-term investments, just hold on and buy again when the price is cheap enough from the current price.
Current Bitcoin price touched on $21,000 seems has potential for investor coming back in to the market crypto and reinvesting in Bitcoin or several potential altcoins, I don't sure with how long Bitcoin stable at price $21,000 and have possibility back under $20,000 or will reach to higher price again.
No doubt with correction or Bitcoin price have waiting later, but how possibility with Bitcoin price drop until $17,000 or keep consistency above $20,00 before going back to higher price and one year left with halving on 2024 will see moment for Bitcoin make new all time high? I still consistent reinvesting in Bitcoin right now due current price nowadays until Bitcoin back above $30,000.
The potential for bitcoin investors to make a comeback and pour their money again in this market is big, as we all know that bitcoin is the prime mover. So no surprises here, past couple of weeks this start of the year, the market is on a recovery phase.
But I wanted to see the market going into $1 trillion market cap, that is a good indication maybe if we won't see another lower lows for other coins including altcoins. Hopefully, as you have said $30k will be the next target for this year before the block halving.