Just two days ago i wrote about Btc going down below $35k and i talk about some of the reasons that was said in the news to be the cause. However, i emphasised in my post that I'm not convinced that we are experiencing a Bearish time. I also talked about a possible recovery.
Bitcoin Plunges to $35k, However I'm not convinced
I wasn't convinced as we were down to $28,800 a year ago and we still hit an all time high in that same calendar year. Now bitcoin dumps to $34k alot of people were panicking.
Is The Russia/Ukraine vs Crypto War Over?
While it looks like alot of things are still happening. And the world doesn't look safe in some places at the moment. The war against Crypto seems to be over. The fear of crypto crash has been erased from alot of minds.
According to @Tomiwabold From U.today
The Crypto Fear & Greed Index, measuring market sentiment, has improved from yesterday's ''extreme fear.'' At press time, the index measured just 27/100—characterizing "fear," a slight rebound from yesterday's ''extreme fear.''
Maybe there's still a little bit of fear with the way the Russian president keeps talking. However, it's a lot better from the last time i wrote. I think in the upcoming days it would would even look much better.
Hive doing better Than Most Alt Coins
Hive is currently trading at 93 cents at the time of writing this. Most alt coins went up by 7 to 8% buy hive went up far more than the rest.
It is interesting because i didn't expect hive to recover close to $1 that fast. Even with the retracemen of Bitcoin now to $38,800, Hive is still trading above 90 cents.
It will be quite interesting to see how the price of hive will move in the upcoming days. Especially with the fact that March has been predicted to be a stagnant month due to the crypto tax payments.
I actually love to bet against the market, in that sense, I feel march will be a bullish month and I expect $hive to head close to $2 before the end of the month of March.
What Do You Think?
Tell me what you think about $hive at the moment? Are you surprised about bitcoin recovery?
Some of my articles you might like...
They Call It Internet Magic Money
Blogging On Hive : The LeoFinance Factor
Centralization Is An Abomination, Decentralize Everything!
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