Bitcoin is waiting for its Big Move

From the last 1 week, the bitcoin has given some good returns, it has given around 5%. But today it has gone down by more than 2.5%. So literally the bitcoin has surpassed it's ATH for a brief amount of time and then it came down again.

PC: Pixabay.com

This is mainly due to US elections. Actually because of the taxes thought about by the president, people are fearing that they have to pay more taxes and because of that people are thinking to buy the Bitcoin and keep it. Because of that I think Bitcoin is waiting for the big move. I feel by the end of this year i.e. in just 2 months, bitcoin will be more than $80K.

In my case, I have kept the bitcoin intact and not buying or selling. I am thinking I will start selling once it goes above $80K, but I have not thought about it yet. Though Bitcoin has given some good returns, but the altcoin has not moved at all. So might be once Bitcoin goes above $80k, if it goes then we might see altcoin following the suit and might give some good returns which is pending for a long time.

If I take Hive into account, Hive is $0.19, it's all time high is $3. I am not expecting that Hive will get to the $1 anytime soon but still I am hoping that Hive might give 50% returns in next 2 months but I might be wrong. But still if I talk about only the Bitcoin than it's ready for that big move this winter and we should be ready for that move.

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Posted Using InLeo Alpha