Bitcoin price crossed $70k after a lot of struggle. From a low of $68k it has reached highest of $71k for the day. This was looking impossible in the beginning due to the high sell pressure at $70k , for a few times the price of Bitcoin was declined from $70k due to the large resistance .
Bitcoin price is now trading in between $70k and $71k. The sell pressure is just high at these levels due to which it is taking a lot of struggle to go through these areas, its a bit difficult but not impossible. Bitcoin will cross $71k in no times , it has a solid support at $70k so hopefully we gonna cross $71k soon.
Everyone of us is waiting for the bull market because its been long that bears have taken control. Now as Bitcoin is above $70k it is giving out bullish vibes. It could be of any time from now , just be ready to book juicy profits.
Bitcoin is in green with a 3% positive change in its price and other coins also are showing green views. Almost every altcoin is pumping along with Bitcoin which is good thing to see as its what we all are waiting for. But being a Hive Blockchain user we want to see $HIVE moving up to good levels but it doesnt seems ready.
While every altcoin is in green we have $HIVE in red down 2.5%. Hive just do not love following market trend, it is its own boss which is good but its does not look good when it just keep going down day by day. We must have to accept that Hive is not performing well, this can be understand by looking at the history.
Every altcoin has recovered since Bitcoin has reached $69k while Hive is still wandering around 30 cents. If you remember when Bitcoin was at $25k then hive was at 30 cents , now when Bitcoin is above $70k we have Hive still trading at 30 cents. This shows that how much undervalue hive is now.
Its true that i have earned majority of Hive though contents but i have bought a few of it when it was trading above $2. This hurts to see our bags in a huge loss. Even though it hurts to earn at higher rate and then price drops. Writing contents takes a lot of effort and energy.
I am not sure what is the reason behind hive price going down day by day but i have heard people saying that its because of content creators dumping rewards which does not looks a solid reason as selling is just normal like other coins.
We need to find the root cause of the issue so that we can do combine effort to make hive strong. Being a community its our responsibility to take care of the things which causes harm to our beloved Blockchain we call Hive.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
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