Bitcoin Exceeds the $54K Threshold

Bitcoin has risen above $ 54,000 with a sudden value change as usual. Although the reason for the increase is not clearly known, there is an increasing activity in the markets. Experts, on the other hand, argue that investors should not take a new step based on this increase alone.
 Bitcoin Exceeds the $54K Threshold
READING NOW Bitcoin Exceeds the $54K Threshold

Bitcoin and Altcoins have been going through a very shaky process especially recently, with the sudden increase experienced today, Bitcoin saw above $ 54,000. Especially with the recent collapse, the fact that Bitcoin, which saw the levels of $ 30,000, started from $ 51,000 in just five minutes and approached the level of $ 55,000 in just five minutes, but it has once again revealed how unstable the “coin” market is.

With this increase, Bitcoin once again approached its all-time high of $ 65,000. However, despite this good trend, experts warn investors that a sudden decision should not be taken and action should be taken. Because, although Bitcoin in question saw the level of 50,000 several times in the process until September, it experienced sudden decreases immediately after and was at a point far from 50,000 until now.

Here is the “coin” market as of October 6 at 16:30:

Here, experts say that there is no guarantee that the current increase will be long-term due to this vulnerability and instability of Bitcoin. They remind us that, just like the sudden increases experienced in previous flights, a collapse is possible after this increase.

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