Bitcoin has been playing in one area for a while, neither going up strongly nor going down strongly, as if it is taking a break after a period of violent ups and downs. The price has remained almost stable around $96,000, going up $1,000, going down $1,000, as if the market agreed that it will not move in a specific direction now.
People who like high risks may find this boring, but investors who think in the long term may see it as an opportunity to stabilize before a new wave of rise. This horizontal movement happens a lot in financial markets, and it is like a rest period before the market determines its next direction.
There are two theories here, the first is that Bitcoin is gathering strength in preparation for breaking new levels, and the second is that it is losing momentum and may enter a correction wave. The market ultimately depends on supply and demand, and the decisions taken by large investors, in addition to the news that comes out about government regulations or large companies adopting the currency.
In any case, anyone who follows Bitcoin and knows its nature knows that it is always surprising, and this calm could be the calm before the storm!
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And you, what do you think about that?
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