Bitcoin continues to consolidate and maintain its financial stability

The weekend is here, I must express that unlike other weekends this Saturday I have rested enough, and I feel that these last hours have been very positive as it can revitalize energies, well the purpose of writing this post beyond commenting you how my weekend is going is to update and socialize my views on the price action of Bitcoin and the crypto market.

For those who follow my blog closely, you may have noticed that my opinions about Bitcoin and the crypto market do not arise from biased or media-induced appreciations, in a way perhaps the approaches do have some optimism, product of my inclination in favor of mass adoption of cryptocurrencies since I consider that as time goes by, the crypto market draws more conditions in favor than against.

This post is not intended to list the arguments for or against the crypto market, but what I will do is reiterate my appreciation of the sideways and very healthy movements that Bitcoin has been developing in the last 6 weeks (100,000 and 104,000 dollars), an element that I believe allows it to consolidate and maintain its financial stability.

As in other posts I remind you I do not consider myself an expert on Bitcoin or any other cryptocurrency, nor do I consider my opinions reliable enough for you (reader) to refer to them and guide your actions, but what I can say is that during these for a little over 3 years watching charts and trading Bitcoin and recently other cryptos from stable projects, I know exactly to what extent an investor needs to understand an asset to form an idea that can serve as a basis for trading and investing in the market.

When I say that an investor has to understand an asset to form an idea that can serve as a basis for trading and investing in the market, it is because, at the present time many investors are carried away by biased or media-induced assessments, and leave aside the development of the crypto market price action.

In particular, I believe that Bitcoin and the crypto market are in a lateral zone of price consolidation behavior that allows them to maintain financial stability despite speculative price movements, so I believe that both Bitcoin and the rest of the cryptocurrencies will continue to be valuable assets that will be around for a long time to come.

The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Source: BINANCE.