The Bitcoin Move

Today seems a good day for the Bitcoin market because we can see a lot of green colours around specifically on the Bitcoin tries we have seen some appreciation and currently the Bitcoin price is trading above 108K. Some people were worried about its price when it was ranging in the range of 100 K which was not exactly there but the trading price was around 103 and 104K. This is the market and we don't know how things are going to be because it is completely unpredictable and we literally do not know how things are going to be in the next moment.

This is a good move for the Bitcoin holders and I believe this might go a little bit more conceding the volume it is showing so maybe 110K is not far away which we might see in a day or two depending upon how the market behaves.

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I don't think he's very clear that people enjoy the green colour in the market especially this time when they are expecting some big price appreciation in the market not just for the Bitcoin but also for other cryptocurrencies. These are digital assets and people have invested on these assets to gain some profits and for that reason they have been waiting for the cycle which is kind of started for the Bitcoin but all rally is still not arrived.

The Bitcoin had shown good appreciation last year as well as this year but still it has not reached where it is expected to be and that point is one fifty K U S dollars or maybe more. It is something where people have invested for the long term and I believe it is one of the asset which can give significant returns if it is held for the long term. In that case these short-term price appreciations are not going to impact the people who invested on Bitcoin to make wealth and not just some profit.

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