Today bitcoin touched $30k after more than 3 months under $30k, and now it makes me even more optimistic that the market will rise again and hopes for a bull run are getting real, I'm sure in June the price can still go up and touch at least $35k.
Many could not have imagined that the market would suddenly turn in such a way. Those who bought bitcoin from the dip are now profiting. A bearish market turned into a bullish trend in just one day. Bitcoin's current trend suggests that it will soon run towards 36K and may soon cross 40K. So the holders should invest in Bitcoin as per their affordability. If you buy and hold at this time for long term purpose, there is a possibility of making profit.
Investors should not forget that the market can move bearish at any time. There are also great investment opportunities for those who can take risks.
The recent turnaround in Bitcoin fortunes is evidence of the market recent tendency to surprise investors off guard. Those who had the wisdom to purchase during the decline are now benefiting from their choice. The abrupt change from a bearish market to a bullish trend within one day exemplifies how unstable cryptocurrencies are. Given that Bitcoin is currently showing signs of rising towards or possibly over the $40,000 level this might be a good moment for holders to think about investing within their means. But it is crucial to keep in mind that the market can quickly turn negative once more highlighting the necessity for care and risk analysis while looking into investing opportunities.