There is light at the end of the tunnel. Bitcoin is recovering and climbing with quiet steps for the time being.
You know that Elon Musk can knock the price of Bitcoin down with one negative tweet. In that regard, it is an illusion in the world of crypto to see a quiet recovery of a coin. Yet if you look at the price of Bitcoin now, this actually seems to be happening.
No steps of thousands of dollars in hours, but a quiet price build-up which you certainly do not always see with the currency. Ultimately, this is also the most healthy basis for good growth. After all, a hard rise sooner or later means a hard dip with a possible snowball effect.
Bitcoin has crossed the $34,000 mark and appears to be going through that $35,000 today. The crypto coin comes out of a ‘trough’ of 30,000 dollars, where the coin narrowly did not fall in terms of price value. At the time of writing, Bitcoin is recovering well over two percent. The other cryptocurrency also turns green due to the positive developments.
This seems to be the end of the correction. Are you ready to hit the ground running or is this the calm before the storm? In short, nice to keep a close eye on the course again to see where it goes!
Image: Bitcoin on Coindesk
.
