Bitcoin is Back

The last few weeks were not good for the price of Bitcoin in the market and some people were expecting the price to come down further. People are also expecting the price to come down to 50K but sadly it did not happen and now the price is pretty much close to 65K U.S dollars. This is how the Bitcoin market works when people are expecting some downtrend then it does not happen in this case majority of the people are expecting a bigger drop in the price but now the Bitcoin price is back again.

It has tested the 65K mark and now hovering around 63 K which throws that Bitcoin is back in action again and I do not think it is going to touch 50K soon. Although it can be a possibility it is hard to predict that it is going to happen soon especially looking at the current scenario in the market it is tough but yes a correction of ten to fifteen percent is normal which might happen any moment. Now because the momentum for the Bitcoin price is good the same people have started feeling good that yes it is back in action again but looks like people are not going to buy Bitcoin at 50K now for the next few weeks at least.

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Now if you are holding Bitcoin you must be happy because the value is up but I think this is just the start because the price for Bitcoin is going to be even higher and as we are anticipating the price to cross the 100K mark this year or maybe next year then still we have some gap in between. Delta will take some time to cover but it is highly anticipated so be ready it is not the time to sell instead it is time to buy more because Bitcoin is the safest crypto investment and that too when its probability to grow is quite strong.

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