Bitcoin Price Resumes Increase, Bulls Aiming for Price of Trump Tower?
Bitcoin is back in the news with the price resuming its increase towards the “bigger goal” of $25K. The bulls are back, eyeing up what would be a huge milestone for Bitcoin, although the exact timing of a potential rally is unknown.
How Far Can The Good Times Go?
At the time of writing, the BTC price has surged more than 10% in the last seven days so it looks like the good times are here to stay – for now at least. So just how far can this rally take Bitcoin? Will the bulls manage to make it to the big $25K mark? Will they take it one step further and add the “Trump Tower” to their list of dream investments? Only time will tell!
What Does It Mean for the Average Investor?
For those of us not trading crypto, what does a potential Bitcoin rally mean in terms of financial gains? The answer is, of course, complicated. For starters, it may mean that the current price is unsustainable and that investors may be wise to diversify their portfolios.
At the same time, there are plenty of people who are convinced that the price of Bitcoin can only go up. They cite a number of reasons for their views, such as the increasing interest in the currency leading to greater demand.
What Can We Expect Next?
No one knows for sure what will happen with the BTC price over the coming weeks and months. What we can say for sure is that the bulls are certainly aiming for that magical $25K mark, in the process making Bitcoin owners very happy.
And for those of us not yet invested in Bitcoin, now may be the perfect time to dip our toes in the water and see what all the fuss is about. After all, the potential rewards (and risks!) of investing in Bitcoin are huge!
Things to Bear in Mind
Before investing, there are a few key points to bear in mind:
- Understand the market dynamics – make sure you understand how the cryptocurrency market works, before you decide to put your money in.
- Do your research – look into the different exchanges and wallets available and figure out which one is right for you and your needs.
- Start small – it can be tempting to go all-in on Bitcoin, but it’s wise to start small and build up your investment gradually.
- Be aware of the risks – the cryptocurrency market is highly volatile and so you should never invest more than you’re willing to lose.
Conclusion
So there you have it. The Bitcoin price is on the rise, with the bulls now aiming for a potential rally to the magical $25K number. Such a rise would surely make the crypto headlines and leave those who invested wisely with some potentially huge windfalls. But of course, the potential risks should never be forgotten and so caution should always be exercised when investing in cryptocurrency.
