February 14 is historically known for green candle, the day love is celebrated world wide. Today being 14th of February we saw the price of Bitcoin crossed $52,000. This, in my opinion, portends something good. Does this mean that we could soon be witnessing a bull market? As for the price of Bitcoin, I still believe that it will retrace a little before starting to rise to the $60k region; a decrease to the $44k region is still possible, and it will also open up opportunities for altcoins to rise as a reduction in the price of BTC could lessen the dominance of Bitcoin.
Hive is likewise trading over 33 cents, but it is yet unable to break through the resistance level of $0.35. The price may trade above $0.4 once again if it breaks the resistance and the uptrend keeps going in the same direction. We only need more strong buy limits to add more liquidity and increase volume at this point since the volume has been spiking.
On the second of last month, the price of Hive rose to $0.38 before reverting to $0.2845. Investing $1,000 in Hive at its lowest point one month ago would have yielded a profit over 12% of your initial investment early this morning as the price surged to $0.326.
Isn't this something amazing? There is another possibility, as the price of alts and BTC is declining and Hive is currently trading at $0.31. There is a good chance that Hive might hit $0.4 if Alt begins to surge. When Hive reaches $0.4, you will have more than 30% your investment if you choose to purchase at this price.
This is not financial advise; it's just my personal view on the Hive token and the cryptocurrency market.
I've been away from the platform because of some personal struggles and real-life issues. I'm back and eager to write and create content. I would appreciate each support and rehive.
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