It is difficult to find a person who uses the Internet who has not heard of Bitcoin. Some (and these are still the majority) consider Bitcoin to be a dummy, while others pray to it as the future of the global financial system. But everyone knows about him - no one is indifferent.
Since last fall, interest in investing in Bitcoin has returned with renewed vigor. Its price, which has become as integral a part of the news on many world financial portals as the cost of oil, gold or stock indices, is breaking new records. In less than a year, since March 2022, the value of the largest cryptocurrency has increased more than ninefold. The market capitalization of Bitcoin as of February 8 is twice the capitalization of the largest American bank JP Morgan - $860 billion versus $427 billion. This would hardly have been possible during the time of tulip mania, with which the behavior of the price of Bitcoin is still sometimes compared (tulip fever is the first in history of a stock market bubble that developed due to many social factors that led to a rapid increase in tulip prices in the Netherlands in the 17th century; as a result, the tulip market burst, leaving hundreds of sellers without income. - Forbes ).
WHATTONEWS
The last two days have been the worst for Bitcoin since mid-May. The current high is $53.8K and the low is below $42K. Considering that Bitcoin is currently more than 30% below the ATH recorded on November 10th, let's try to figure out if the bull market is over and where the next support will form in case of a move towards 42k.
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