Hi hive friends.
Hopefully all of you are fine. Yesterday was another big day for the crypto market as there were three news in one day and all three went bad but the way we see the market now it didn't go down one bit. And even then, looking at Bitcoin, 29,800 support has gotten a lot strong.
As you can see in this chart, how many times Bitcoin has come back from 29,800 within the last twenty-four hours. As soon as bitcoin will pave its support of Rs 30,500 for some time, then we will be able to see a $1,000 pump within it. Those who waiting for 12 thousand dollars will now be able to buy it next time in the bear market.
Today we also see some movement within altcoins as we can see that hive has given us a two cents trade within twenty four hours. 41cents support that hive has is very strong support at this time. If it were not to break again in the next few days, we could see it go back to fifty cents.
After the many days today, as you can see within his chart, we are seeing an uptrend. The way we see the market is looking green to us and the news inside the market is also good as the new owner of FTX has asked us to relaunch the exchange.
As I have been saying for the past few days that people have completely lost trust in banks because of banks default and now people's trust has come to bitcoin. The way you see the dollar chart at the moment is how many days its value has been falling continuously.
I have to say now that the market will go up because the news that is coming out right now is all good for the market and the best news today is that Bitcoin's dominance has started to come down and it is very good for alt coins. If it keeps coming down like that for a while, we'll see the pump up to 100 to 200 percent inside the altcoins.
