The world's largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 in 30 minutes to break away from what had been suppressive bear market conditions.
all bitcoin news channels are commenting on the sudden rise in prices and of course every bitcoin news channel is commenting on the possible reasons for this increase in prices and make prediction. I particularly believe that the reason for the price increase is because of BlackRock and SBI, time will tell us if prices have continued to rise or fall
But just how reliable is this move?
No one knows, and I particularly prefer to stay away from those charts that people make to try to predict the price, just see:
https://www.tradingview.com/symbols/BTCUSDYes, everyone wants to be the heroes who will predict the price.