Positivity coming to Bitcoin Now
We have seen how the market was just a week before but now things have turned the other way around. This is how the crypto market works and as I already mentioned in my previous post that this is not the first time and probably not the last because it keeps on happening. When there is negative sentiment in the market then we get to see a lot of negative news around and when things are positive then we get to see more positive updates coming through. Needless to say that when there are more positive updates then the same impact can be seen on the crypto coin prices.
Can you believe that in just one month, the price appreciation on Bitcoin has been 25% because it was below $25k due to negative news and now it is more than $30K? This was a great opportunity for those who have taken the risk to buy at the lower price and if they sell now then the flat profitability is at least twenty-five percent which I think is a very good amount. now it's about the courage and the trust we have in the market so if you trust Bitcoin or any crypto set in the market then I believe this was the best time to enter in the last couple of months when we have seen the bigger drop in the market prices. As I already mentioned that such scenarios keep on happening in this market from time to time so we need to be prepared but before that building trust is foremost. if you believe that crypto is here to stay and no matter what happens then I'm sure you'll not be worried to invest when the prices are low.
Bitcoin heading to $100K?
Experts are saying that now Bitcoin is towards the price mark of $100k but In my opinion, it will take some time to be there however this can be a possibility. the last time we have seen that Bitcoin's all-time high price was almost 70K USD before that it was almost 20K USD so if you go based on historical performance then $100K is possible.
Here is the price chart for Bitcoin in the last week and you will observe that there has been significant growth. I'm sure it was not expected when there was a lot of negativity related to the Binance exchange and how the Security and Exchange Commission is doing to create FUD in the market. Certainly, the long-term approach is highly recommended but at the same time, it is also important for us to follow the plan that we have in place instead of getting panic when something is not right in the market. even I believe that we should avoid micromanagement of our crypto holding as no market can always go with the J curve. Ups and downs are part of any market so we need to get familiar with it and also in case of any negative updates we should not be worried about it.
More Positivity because of Bitcoin ETF
I believe that the region behind a lot of positivity in the Bitcoin market is because of the Bitcoin ETF. Blackrock and Fidelity, are the biggest players in the asset management industry and they have applied for Bitcoin ETF. it is going to be interesting part to see how the Security and Exchange Commission evaluates the application and what outcome we are going to see in the coming months. The majority of people are speculating that their outcome is going to be positive because SEC will not reject the application submitted by Blackrock since it is one of the biggest organisations in the segment. this is also a US company so there will not do anything which can affect the company because any positive action will benefit the country first and hopefully SEC will consider this aspect.
Some people are expecting that this year we are going to see the bull run and anything is possible in this crypto market However most likely it is going to happen in the next year post the Bitcoin halving. If it happens before then undoubtedly great news for all of us and we all love to see the market turning green and going up and up because this is what we expect here and that can also bring money-making opportunities for the community. Let's just be hopeful and positive about the crypto market and not get panic about some of the news that is spread by social media unless we are not aware of the facts.
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Well, we all knows that when it comes to the cryptocurrency ecosystem, Bitcoin has really done alot. It progress has impacted the cryptocurrency ecosystem badly. Once it is progressing the cryptocurrency ecosystem we felt it positively, but when it is passing through though time, the cryptocurrency ecosystem will face it negatively.