Bitcoin Crossed $68k Price.. What is next!

These days crypto market seems to be on fire. Everyone in the market expects the Bitcoin price to be as high as possible and I think this is the first time the Bitcoin price is growing significantly and about to cross its all-time high even without halving. It is hard to say how far it is going but looks like it is going to cross $70K soon. Bitcoin and Ethereum both are growing like anything and it is good. No matter at what price you did buy the Bitcoin you must be in the profit by NOW or at least you match your buying price. Even if you bought the Bitcoin at an all-time high then also you're not at a loss anymore and NOW since we are expecting the Bitcoin price to go about 100K or more then shortly you will be in profit once that mark is crossed.

Bitcoin Price

Below is the price chart for Bitcoin where you can see that the price is on uptrend and currently trading at above 68k U.S dollars. Sometimes this market is completely unpredictable and whatever experts are saying is not going to happen. Some people were expecting a big rig correction on the rise when it was 50K and above. It was expected that Bitcoin would go through correction and it will go back to 40K or even 35K but that did not happen and now we can see its price at 68k today. The last month has been amazing in the growth price for Bitcoin and probably the reason is spot ETF that has triggered the demand for Bitcoin a lot.

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More demand for Bitcoin was expected but it was also anticipated that it would take some time however it's like instant impact is seen in this market where big joints are buying more Bitcoins. Let's see how this ride goes and when the price is going to be a bit stable but I don't think at this price it is stable because looks like we are going to cross 70K US Dollar soon.

Ethereum Price

In the last market cycle, Ethereum's price was almost 5000 U.S. dollars. It did not cross this price mark but it was also a significant growth in Ethereum price. If I remember correctly then Ethereum was about six or 700 U.S. dollars before the start of the Bullrun cycle last time and this time we have also seen it about $1000. Now it is trading above $3600 and this has also shown significant growth in the last month. The ETF for Etherium is also in process and Justice imagine if spot etf foEtheriumum is also approved then what is going to happen?

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Few companies have applied for ETF and the outcome is expected by the end of April or in May which means in a month or two we are going to see if this will be approved or not. Just in case it is approved then I think $10,000 ethereum is not a big deal and we might see it soon. It's ALL looking good in the market and it's time to get ready but I don't think it is time to book profit this time because the alt rally has not already started and at some point, the Bitcoin and Ethereum prices would look stable.

For the Crypto community, this price momentum is great and I'm sure people are enjoying it but I think the real fun is to start when Bitcoin crosses its all-time high and maybe in the Next few months or by the end of this year it will also be around 100K. Once the altcoins rally starts then we are also going to see a crazy movement on many coins and I hope that Hive will also follow the trend soon however it is growing slowly if you observe its price movement.

Thank you

Posted Using InLeo Alpha

Posted Using InLeo Alpha