Bitcoin is rising, but lacks conviction
Since the beginning of March, Bitcoin has started to rise and now is trading around 44k, around 20% higher than the recent low.
However, in my opinion, this is not the beginning of a new bull run, but just a correction to the 68k-34k drop.
I don't rule out a spike to 47k or even 50k but I expect at least a new leg down after that before the resumption of the long-term uptrend.
However, in my opinion, this is not the beginning of a new bull run, but just a correction to the 68k-34k drop.
I don't rule out a spike to 47k or even 50k but I expect at least a new leg down after that before the resumption of the long-term uptrend.
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