Bitcoin price is constantly being discussed and researched. Recently we have seen some light in a bearish market. While the global situation is quite bad, the effects of the economic recession have not yet subsided. At that time the bullish trend of Bitcoin naturally indicated its positive side. Bitcoin fell to $16,600 just as it was expected to be more bearish, but it has once again turn to bullish and  surged 40 percent. The macro backdrop also played a supportive role as the Federal Reserve cut its interest rate hikes this month. Currently, if an investor wants to hold Bitcoin for a short period of time, he will get the profit. But there is no need to take that kind of risks. Now if one plans to hold BTC for long term then he can reach his goal before the expected time.