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Bitcoin: How a possible market reset could pan out
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After hitting an all-time high of $69k on 10 November, Bitcoin has been seeing a lot of consolidation, moving within the $61.5k to $65.7k range.
However, price consolidations after an ATH aren’t something the market naturally worries about. Even so, in the case of BTC, there seems to be considerable pessimism.
Nonetheless, the Bitcoin network finally activated the much-anticipated Taproot update. It was one of its most significant updates since 2017. So, hopes of a higher ATH have been really reignited. Ergo, with the upgrade now live, it’s the perfect situation to gauge the market structure and analyze where the top coin’s price could go from here.
Bitcoin’s sensitivity to the market’s FUDs didn’t slow down as the asset’s market cap grew
Read more on ambcrypto.comAbout this in other media
As bitcoin enters a bear market, these are the 5 best performing cryptocurrencies over the past week markets.businessinsider.com /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low cointelegraph.com /2 years ago
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