Bitcoin is looking all hopeful for the year, if bitcoin can do $7k in a month, then it can do another $7k before we enter the second quarter of the year. It’s been a long time coming, we have all missed bitcoin being above $20k, seeing the progressiveness in the price gives me hope that we might just see it at $30k faster than we can imagine. About few months ago, I couldn’t feel this confident in seeing Bitcoin at $30k.
The crypto space is rapidly expanding, we have seen more upcoming projects poking around, this means that we might just be expecting more liquidity getting pumped into the crypto market and this might just be the year we might be seeing the Bull run emerge. At what point are we going to consider the market Bull run worthy? Is it when bitcoin reaches $30k? Because if bitcoin keeps attaining new price gradually we might not feel the Bull run that much. Imagine bitcoin taking every month to add extra $10k, its going to feel like a gradual process, the Bull run hype might not be there. But imagine bitcoin using a space of one month to attain an additional $30k value, making the new value to be above $50k, the Bull run hype will certainly be there and felt.
Well, we are just 2 months away from the end of the first quarter of the year, and the price of bitcoin has done well, but I will love to see the price of bitcoin at $30k or above before the second quarter which will be before the month of April. We have not had any recent FUD to drive the price down, we have been having a lot of wonderful adoption news, lots of new crypto enthusiasts having been coming into the crypto space, and so far so good, we might just be on this little bullish trend for now, just enough to silently get us to $30k and later on above $30k and probably to $40k and so on and so forth.
I would have used technical analysis to analyze the market, but I don’t believe in technical analysis, the market will always move in ways you won’t expect it, all depends on the moods of the whales, whatever directions they move the market is where the market goes, right now hoping they move the market to $30k bitcoin price before April.
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