What do you all think about the sudden bounce back and price increase on Bitcoin of lately?
Indeed, currently there is a lot of speculation circulating on the internet, there are hundreds of people currently discussing the development of Bitcoin and the crypto market now and in the future, but whatever we have seen and learned back to ourselves to determine good steps in the future.
We are aware that several things that have happened in the crypto market every four years should be a lesson for crypto users about what happened and what to do, of course, but we always see those who fail and regret it after it happens, for that reason I think right now we are thinking about the best for ourselves in the direction of our respective successes, I hope that in the future there will be more people who are successful in the crypto world.
That was last year and currently the bear market is getting over again. today the price has risen to $26,642,60 which has been cross over the terminal line of $25k. From the way I look at it, the price will not come down again to $25k because the movement of the rising price is accelerating. And before this month will end, and if the price continuously rising like this, it will climb to the $30k level again. And it will end the year with $40k, this is what I predict.
The records of bitcoin prices today will help the future analysis. Because the things that has happened in the cryptocurrency market are the ones that will form the history of cryptocurrency.
Definitely there would be speculations which is a normal but while that is going on as a smart trader one should be able to know when to buy low. Some people fail to understand that aspect of trading when it is due to buy. Waiting for just a lower low might put you off track and you missing out from buying at the right spot when the market was low.
Talking about the sudden price increase, this same pattern happened last year as at this period when the price of bitcoin soared high but failed to surpass the last all time high. This time around, I think it would do better than last year coupled with the fact that halving is around the corner.