Btc is over $ 50,000 again, can it reach a new high?
Btc had hit a new high 10 days ago to over $ 58,000. In the following days, due to some negative news and month-end miner sales, Bitcoin dropped to $ 43,000. It lost 26% value.
Btc started rising again, passing critical levels. For Btc, the $ 48,200 level was crucial and exceeded that level. The current critical level for Btc to increase is $ 52,000. If it surpasses this level and holds onto there, I think it might reach a new high.
"I do not give investment advice, I just guess by following the world news. Sudden losses in value can happen anytime, things can turn around, but I always believe that cryptocurrencies will gain more value in the long run. I mainly invest in Btc, eth and some coin that I trust."