Bitcoin within the last week have shown a strong recovery movement, this thread is not about the bitcoin price speculation that is why I did not create this thread on speculations but decodedd to create it here on Bitcoin discussion. With the sole aim of attracting short term discussions on the recent Bitcoin movements which have seen bitcoin making some strong recovery moves and right now seating at $46,600 price in the face of Russia's Ukraine invasion which has gotten the mainstream media attention lately, bitcoin was able to make such great recovery which has set a new phase for the entire cryptocurrency market. What are.your thoughts on the present Bitcoin situation.
Price is in a big flux right now, anyone who is saying this is start of another bull run, is too new in the market to understand the market dynamics and is soon going to lose a lot of capital, on the other hand anyone saying we are just setting towards a bear run has never ever been optimistic about bitcoin in his life, truth is no one knows what will happen next, bitcoin is stuck in a range between 40-50k right now, only if it will break over 55k you can say we might see another bull run and only if it closes below 30k we can say that welcome back to the bear run, anything in between can still be called a sideways movement of the market which bitcoin is doing right now.