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Bitcoin Up 2.47% Today and Trying to Recover

rtonline - 2024-05-02 23:29:21

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After the sharp decline, Bitcoin increased by 2.47% today and is trying to recover rapidly. It is currently trading at $59,374. Frankly, I did not expect Bitcoin to fall so hard, but the increase in fear and worry increased the selling pressure and it fell to $ 57,100. I still have the belief that Bitcoin will hit new ATHs this year so I'm not selling and remain bullish.


However, increasing selling pressure may cause Bitcoin to drop to $40,000, so it is better to be careful, but I will wait until it hits a new ATH.