Bitcoin Climbing Again
It's been a good day for Bitcoin so far with it rallying to $48,500, can it go higher? The climb represents a 2% increase from yesterday. We saw Bitcoin surpass the $50k mark only two weeks ago with it then rallying further to $52k. But as we all know something spooked it just over a week ago that sent it plummeting to $44,000.
(Bitcoin Daily Chart)
It has taken a little while but Bitcoin is once again demonstrating a bullish spirit and if it can find the strength who knows perhaps it might just make it to the $50k line again very soon. The fundamentals are looking healthy at this stage.
It's unlikely Bitcoin will get to $50,000 this evening but all of the technicals are in place for it to eventually get there some time very soon. Hopefully as we get to October we reckon that we're going to be seeing a lot of green around with Bitcoin doing some very good things again.
What does this all mean for Steem then? Well, as we know Steem can be an unpredictable creature. At the moment it hasn't reacted to the Bitcoin rally but the Alts often need some time before they start moving. The current price of Steem is $0.65, and has barely moved from yesterday's position. But we think it might just nudge upwards very shortly. Watch this space!
Come on Bitcoin let's see you move!
The ACOM Team
A C O M
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Crypto OG's do generally say September isn't really a great month for Bitcoin, but Bitcoin seems to have held itself pretty well so far during the month. Hoping the month of October brings us the highs we have all been anticipating to see.
I wouldn't mind BTC being more or less flat for a couple of weeks because that usually means there's breathing space for the alt coins to make an upwards move.
=^..^=
Greetings friend @acom.
It all looks like the bullish period has started, most specialists are embellishing Bitcoin above 80K in a short time. We will see what happens.