Post
Topic
Board Speculation
Re: Bitcoin at its ATH of 2023 so far
by
Wiwo
on 03/12/2023, 22:46:21 UTC
https://www.livemint.com/market/cryptocurrency/bitcoin-surges-2-87-to-its-highest-level-this-year-11701429005470.html

Bitcoin has surged for 2.87% today and reached the highest level in 2023. Does this year has more surprises for us and we can break all time high of bitcoin?
Is a nice site to view Bitcoin almost climbing up to $40,000 which has sprung up a lot of discussions in that direction and many bitcoin market speculators are already predicting a bull return in the Bitcoin market,  but for me I am sure 40k is not a enough benchmarks to call it a bull market but rather,  we are at a recovery level at the moment and this could possibly holds way for quite a while before any major market break out that could then be considered,  the start of a bull market and by then we can aimed and seeing a new all time high (ATH) price.

At this point, we are only seeing some level of recovery in the price of bitcoin and nothing more than that,  2.87% movement is still ok to make some short-term DCA decisions,  but then also we have to check the risk ratio.