Bitcoin and a New Attempt - We Wish Success

After Bitcoin hit the 50k resistance a few days ago, it went back in and I talked about this that we did not have enough excitement and overjoyed to reach 50k, as we came back quickly after hitting that stubborn resistance, where the Bitcoin quickly fell close to $2000 and then came back until it reached 46 one thousand dollars .

But in fact, we, the investors in Alts and those who follow the market through Bitcoin to see where it will move in the coming period, were not worried about what happened to Bitcoin in the previous period after the drop from the 50k resistance because only the normal thing happened after any rise, which is the correction and return, especially when colliding with resistances The powerful.

The strange thing is that Bitcoin continues after breaking through the 50k resistance and continuing to rise after that. Then I would search all sites for investments and positive news that prompted Bitcoin to continue on its way without correction. This may have happened at the beginning of the year because of the great momentum that Bitcoin gained, driven by large investments from Microstrategy. Square and other mutual fund companies.

But at this time of the end of the year, with the fight against miners and the regulations launched by government agencies towards platforms and cryptocurrencies, there was
no positive news that would push the price more than that.

Second Try

Now, after the slight correction that occurred, the Bitcoin went back up again as it rose about 5% in the past 24 hours and rose to $49,250, which means we are about $1,000 away from hitting the 50k resistance again.

We hope this time for the price to rise in the coming period and break through the resistance. In fact, this is not the only security, but we also hope that the price will continue above 50 thousand dollars for a while so that we can be reassured about the next trend, which we hope will definitely be a bull.