Bitcoin consolidation is going to complete soon.
Next target appears at $25,000 soon.
Look at the price now and the graph , Bitcoin is going up and up as days goes by so how would we need to deny that fact ?
25k is just 1k to go and looking at it today? maybe tomorrow or the next day? bitcoin will be at 25k.
https://coinmarketcap.com/currencies/bitcoin/Bitcoin is getting brighter because today it is up more than 3% and the current price position is around $23800, there is no doubt that 2023 is a year of recovery or maybe it can make new ATH again even though it sounds impossible at the moment, but we must be optimistic that bitcoin can continue to skyrocket if nothing major problems occur such as the bankruptcy of exchanges.
But again down to 22k , so I hate seeing this kind of movement that there are no consistency and no permanent action while we are all expecting at to at least breaking 25k(in which I waited for last 2 weeks)
if this not compose to take 25k in February ? then maybe we will not be having this in the whole quarter.
Yeah, we are down to the highs of $22k, but it's weird, this movement is not the same as what we have seen in this mini bull run that we have.
We just had minor corrections, but this is like $24k=>$22k, it should be like $24k->$23k maintain that level for the next couple of days and then go back to $24k and try to attempt $25k. It seems though that the buyers are now exhausted that's why we have a correction to $22k right now.
It's just the start of the week though, so let's see if we can go back to $23k->$23.5. That will be a good basis if we are going to continue with the run and hit at least $25k this February.
It's been capping at $23k at least in the last 4 hour time frame. So there are no more corrections to the lowest $22k and I think it's a good sign and buyers are not exhausted, maybe they just take a rest and then resuming right now.
Also if you are going to look at the mempool, it seems that it is clogged, meaning there are a lot of tradings that might be going on behind right now. And that is the why the price keep on fluctuating to $23k. But we wanted to see the price at least $23,500. It should be the big test that we are looking, whether this bull run will continue and hit $25k or not.
You spoke to soon, as I have said, it could return to $23,500 and that's what might happen for this week.
We have a minor corrections, but the bulls are back in the market, now the price is going to $23,400. So we may be safe not there are not going to be a huge corrections, although I felt that it might happen, so its good that I was wrong again with my prediction.
Not sure about the mempool being clogged, it's usually free the last time I check, probably it depends on the fees if you are withdrawing and taking so long to get confirmed.
