With current market expectations, it seems hard to imagine that the Bitcoin is trading at $ 10,000 again. Why $ 10,000?
Well, as we all know, the price of the Bitcoin was at its highest level ever at $ 20,000. As a result, both investors and fans, driven by the idea that the Bitcoin will reach $ 20,000 again. The $ 10,000 level represents the halfway point for this goal, and therefore exists as a strong targeting point for the protein.
In short, if the Bitcoin wants to meet the $ 20,000 level again, it is necessary to reach $ 10,000 first. In the world of digital currencies, it is best to see things in half steps first, otherwise you will lose every ounce of optimism.
The movements of Bitcoin during the past few months
In April, we emerged from the dismal month of March, and we entered the month to reach new bottoms, with an atmosphere of pessimism that seemed to push the markets one way down. Similarly, this trend appears to be repeating itself in June. Where we are on the fifth of the month, yet the markets remain completely empty, with a very weak promise to see any rise anytime soon. With this in mind, and in the remaining optimism, we would like to consider June as April.
On 13 April, we saw a market boom that looked like the beginning of a bullish wave that led to market prices rising in early May. As the correction continued, and with some catastrophic events, we saw that the markets started to fall again. Assuming that this trend will repeat itself by mid-June, we can see markets rise again. If this happens, the Bitcoin will be on its way to $ 10,000. When they move, the rest of the markets follow.
This is just speculation and can not be guaranteed. But to say the least, the markets will move away from this negative trend. No need to panic, what we see today is just the volatile nature of this market. Fortunately, this volatile nature means that someday, markets will see new heights.