By Hassan Mehmood (Saudi Arabia)
It goes without saying that Bitcoin is the flagship cryptocurrency of the crypto market which means that not only the reputation but also the market capitalization of the market depends on the prospects and present price movements of Bitcoin.
Cryptocurrency hasn’t been at its best for a long time now, and this is a truly frightening element that investors have to deal with at the moment. Bitcoin has fumbled from $64K, the all-time high of the cryptocurrency, to below $20K and even down, but the good thing is that Bitcoin is in revival mode and is trying its best to keep its head above the $20K.
Long-awaited Bitcoin Breakout
The likely support that the cryptocurrency is bound to have from the investors and whales is already doubling down, and with the prospect of the futures contracts becoming apparent, the investors are already scanning the market for a violent breakout on the price fronts of the flagship cryptocurrency.
It only means one thing because a myriad of factors is presently agreeing with the price momentum of Bitcoin, and a group of investors that are the whale is willing to give the crypto a final push if needed to break from the $20K resistance then surely Bitcoin will be seeing a gigantic push in its price in the future.
But one thing must be made clear, it is all speculative at the moment, nothing is ever certain with the crypto market, and the investors who take part in its everyday dealings are more than aware of this phenomenon.Â
This betterment that Bitcoin is seeing across the board must not be taken at face value, as the markets can shift, and things can plummet out of proportion. But as the rules of probability suggest that it is a 50-50 chance, then some of the investors out there would probably want to take this price action and become an active part of it. This means investing in Bitcoin right now.
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