Bitcoin is seeing higher highs and higher lows indicating that we are not yet in a bear market. i also believe that bitcoin is about to break out hopefully to a new high due to the extremely low prices which many whales are buying at to hold for a long time leading to a reduced supply therefore causing a higher price.
however, bitcoin may not break out as in march / April interest rates are very likely to increase causing the stock market to fall which bitcoin and the crypto space has started closely following causing them to fall as well. this is because its more profitable and safer to have your money in the bank with no risk gaining higher interest rates than facing risk in stocks / crypto.
due to this bitcoin may not break out till April / may time when it should reach new highs and hopefully $100,000.
however, bitcoin may not break out as in march / April interest rates are very likely to increase causing the stock market to fall which bitcoin and the crypto space has started closely following causing them to fall as well. this is because its more profitable and safer to have your money in the bank with no risk gaining higher interest rates than facing risk in stocks / crypto.
due to this bitcoin may not break out till April / may time when it should reach new highs and hopefully $100,000.