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Surmising Bitcoin’s price movement in coming days, as it surpasses $50,000
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ambcrypto.comBitcoin crossing $50k has been the most anticipated moment this month, since recovery from there on would be the only sign of a positive rally going into 2022. However, investors still remain slightly cautious, since a bullish rally has not been declared yet.
The news of Senator Lummis’ intentions of introducing a new comprehensive bill next year, which would provide a rundown of how digital assets can be taxed and categorized, had a significant impact on the king coin yesterday.
As prices went up by 5%, BTC finally reclaimed its critical support of $50k. Interestingly this event, for the first time in a while, invoked optimism in the investors.
Bitcoin price action | Source: TradingView – AMBCrypto
The falling prices over the last couple of
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