The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
Right, I think everyone is is managing their risk, specially at the end of the year. Last year though was very different, it was a full bear market and most likely the majority just keeps on a hard grind as it's hard to see the price going to the lowest $15k because of the FTX collapse. But this year, it's over, we have gotten over that news, sentiments are very bullish.
And that $40k mark is still going to be our biggest support. We've seen the price almost going to $45k, but then again, speculators taking profits as the price is on the sideway pattern at $40k-$42k. Perhaps I will say that we should look long term though, at least in the next 2 years as it will be very bullish for us.