Bitcoin (BTC) Gradually Regains Momentum as the Market Prepares for a Bull Run
Bitcoin (BTC) seems ready for another bullish impetuous rally in a matter of days. The market sentiment in the last couple of days has been positive as many foresee a price rebound amid the staggering global inflation.
The current price is trading at $23,652.57 on the LBank cryptocurrency exchange, representing a 2.8% rise in the past 24 hours. Meanwhile, most of the altcoins are in the green and Ethereum (ETH) is trading above $1,700 at the time of writing.
The entire market capitalization has risen to capture back its $1.1 trillion stance before the major downturn that rocked the crypto space in April.
While a $65,000 price per BTC may seem unrealistic at the moment, many analysts believe that BTC will surge up to 28–30k ranges or at least 50% of the overall bearish push before the end of 2022.
It is assumed that the price rise would slowly recover leading to the next Bitcoin halving in May 2024.
Overall, the new long-term bitcoin outlook speculates some good moves for the coming days. Bear or bull, it is never too late for new and veteran traders to accumulate as much BTC as they can.
Best Exchange to Buy Bitcoin and Other Cryptos
On LBank, you can buy Bitcoin easily with the lowest fees and highest security possible. The trading platform supports BTC and more than 149+ fiat currencies and 540+ trading pairs.
Deposits can be made swiftly via bank transfer, Credit/Debit Card, P2P and other verified payment merchants.
LBank is a full-service digital asset platform that uses blockchain technology to provide spot trading beginners and veteran traders.
The top crypto exchange provides free registration from any location in the world, quick deposits, and withdrawals.
Create a Free Account on the LBank Website or the App
Buying crypto can be done through your LBank account. However, it is necessary to open a bitcoin account and provide identification before you can start trading.
- Register via the LBank App
- Register via the website using your email
- Register via the website using your mobile number
Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.