The Bitcoin Bullish Trend: A Mirage?
Since January 2023, Bitcoin (BTC) has seen several breakthroughs, causing its valuation to soar. The asset has repeatedly reached the $30,000 mark. A resistance level it has vigorously broken through to reach $40,000 — doubling its price since the beginning of the year. The asset is now trading at about $43,655 after gaining 4.52 % in the last 24 hours. Bitcoin (BTC) is thus showing dynamism that we haven’t seen in months. However, in this context, some financiers believe that all this hype around the flagship crypto is biased. Let’s see what this is all about in the lines that follow.