Bitcoin Moving Back Up!
Bitcoin is now back above $34000 – price is at $34350 and moving higher
Bitcoin price looks to resume bull cycle after rising above $34K
“Bitcoin (BTC) has been consolidating since its recent all-time high at $42,000 and has risen back above $34,000 at the time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times.
However, it remains to be seen whether Bitcoin’s price will start accelerating once again or whether BTC price needs more consolidation to build up strength.
Several periods of accumulation were seen in 2020, where Bitcoin’s price ranged for a period of a few months. Such a period is, in fact, needed to build strength for continuation. The primary question is whether such a range-bound construction will now yield the same results.”