New Optimistic Buyers Flock to Bitcoin – Bitcoin Magazine

This is an opinion editorial by Mike Ermolaev, Head of PR at the ChangeNOW exchange and contributor to Bitcoin Magazine.

A long-awaited recovery has occurred for bitcoin prices after a month of consolidation around $20,000. Interestingly, this coincides with the previous cycle peak in 2017.

Short-term momentum remains favorable, while longer-term macro indicators suggest that a firmer footing may take time.

Bitcoin’s 66% decline from its all-time high has largely driven out speculators, leaving only whales and those with strong convictions.