Hello STEEMIT how are you guys doing? I hope you all are having an amazing day!
So, guys today we are going to discuss about the bitcoin price. Its been a long time now when bitcoin was on steroids and the was trading at USD $20,000/bitcoin. After that bitcoin crashed a lot and the whole market just kept on dumping since the beginning of this year. But bitcoin after that tried to jump 2 or three times and even touched the $9,000, everybody just thought that btc will fly again but it dumped back to $6,000/bitcoin. While the market was dumping people thought that bitcoin is a bubble and it has burst now.
But then a lot of big news came as the crypto market attracted the whole world towards it. Lot of institutional investors started talking about BITCOIN. Lot of countries announced that they are making regulations on bitcoin investment and crypto trading, moreover lot of big companies started working on the Blockchain technology. BITCOIN ETF is undergoing for its approval and even NASDAQ announced its BAKKT project for crypto trading. All these bigger news shows points only in one direction that the crypto market will grow heavily.
Now, at present bitcoin is trading betweem the $6200 to $6500 for more than a week and BULLS are holding their position tight, couple of days before 90% of the market turned green. I just want to tell that bitcoin is holding their position tight and it wont go any more down bcoz there is no more space left for it to going down now. Same goes for the alt coins they already broke their all time low and the target of whales has completed. I just guarantee you that btc will only go up from here its not going to break $6000 so just 'Hold tight and Buy more' until then good luck :)
