Quote from: fzkto on Today at 05:46:58 PM

Quote from: Bitcoin_people on Today at 05:21:31 PM

The price of Bitcoin has dropped a lot in the past few weeks. As the market went down, the market became almost bearish. However, the way Bitcoin price has been rising for the past few days, it can be said that the market can reach $40k dollars. At the moment the Bitcoin market is close to $31k so it is understood that the market will rise again in a few days. Right now the market is greening which is really a joy because the market is witnessing a bull market. So Bitcoin should be invested right now and held for the long term, there is definitely some hope in the future.

The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.

It would be helpful if it stays in $40k for too long but I doubt about that because I think there are traders out there waiting for that exact moment to gain a profit unless if it's a bull run there's a chance that the price would break past $40k but that's not the case. For now, staying at $30k is just fine whether people want to sell or want to hodl to see if there's more to push with this price but I think it's done testing so perhaps it would go further to what the others want to happen.

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