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I woke up today thinking that Bitcoin would have cost about $ 7,500, but no. Instead, I woke up, went to CoinMarketCap and saw that Bitcoin was still gone another key resistance level.
We are indeed in a bull market.
Yes, bitcoin is again on the rise and this time it is between $ 8,050 and $ 8,100.
But what caused this sudden rise in prices?
Bakkt
There has been a lot of controversy in crypto space in recent weeks. What with Tether that is not fully reimbursed by US dollars and by Bitfinex that covers their losses with Attached. Needless to say, it was a bit hectic.
As Blockcoin Week in New York approaches, Bitcoin was already on a bitter run, so it's no coincidence that Bakkt announced the news that he was engaged. to test Bitcoin Futures this summer.
Mati Greenspan of eToro pointed out:
"This could be the beginning of another Bitcoin megacycle. After testing $ 7,000, it would be very normal to see some kind of retracement, but that was not the case. He just took a short break and continued on his upward trajectory. "
Over the past 30 days, the price of Bitcoin has risen to $ 5,052, which means the price has jumped 58%. So even if some people think that means this asset is no longer a great opportunity, other industry veterans do not agree.
Polymath founder Trevor Koverko said:
"My advice remained the same when it was to be exposed to Bitcoin. For most retail investors, the best strategy is to average. This means that, on a regular schedule, buy a small amount of bitcoins, do not try to time the market and pay no attention to volatility – just have a thesis of bitcoin demand In five years, s & # 39, it is higher than today, get started right away! "
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