Bitcoin is back again to 59k USD

Looks like the Bitcoin market is trying to recover as fast as possible. The recovery was expected quicker and is happening because now Bitcoin price is back to 59,000 US dollars and just a few days back we saw it below 50K. Everything was down this Monday including the global markets and crypto market as well but the recovery for the crypto market has been faster as compared to other market segments. This is the power of crypto that the community is stronger and people are still investing in Bitcoin because they know that it is going to be one of the solutions to overcome all financial challenges in the long run.

If the price is increasing for the Bitcoin then it simply means that a lot of people are buying where ETF is also playing a role for the faster recovery. Maybe people are trying to buy more when the price is low and this has also resulted in the faster recovery for the Bitcoin price but it's not just Bitcoin because other coins also seem to be recovering from the bigger crash that we have seen this week.

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It's like whoever was able to buy some crypto this Monday must be happy since most of the coins are up now. Still, the price is low and I'm not saying that it is at the top which means we have the opportunity to buy more and add some less price however this price cannot be the same that we saw on Monday and maybe we can get similar opportunities again in future but there is nothing guaranteed.

We can see the entire market green and this snapshot itself shows that the market situation is doing good and most of the coins are in green colour which represents the recovery statement in the entire crypto market. Cortana your thoughts about the current market situation and do you think that Bitcoin is going to reach 65K as the next point?

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