Bitcoin has seen a surge in demand this year, causing it to rally by over 100% on a year-to-date.
Market participants are unfazed by a little downside, and focused on the positive movements.
The price trend of Bitcoin has been moving gradually towards reclaiming the $50,000 price range, which will spark a general market bull trend.
Bitcoin has moved slightly above $44k at press time. Will the king coin cross $50k before 2024 rolls around?