Bitcoin's value is prone to swings; while cryptocurrency sceptics mock it, advocates remain steadfast.

The Price is Right

     Although the price of bitcoin has been moving for some time, its movement level oscillates between $26k and $29k levels. It is currently only profitable for day traders and short-term traders; it is still too early for hodlers and long-term traders.

Still Buy the Dip

     When discussing Bitcoin, Bitcoin maximalists predict that its value will rise to a specific level. While many believe this to be a positive concept and work to increase their Bitcoin holdings, opponents consider this as a seductive market manoeuvre to sell Bitcoin to investors.

Utilize or Trade Bitcoin?

    Efforts to use Bitcoin as a currency has greatly increased its transactions, which has led to miners raising transaction fees. Because of the miners' actions, fewer people are utilising bitcoin with lightning network, and more are trading it to make profit in fiat currency.