Light at the end of the tunnel for Bitcoin

But above the Bitcoin tunnel are still a lot of rocks that can throw a spanner in the works.

Bitcoin has had a rough time in the past month. The most famous cryptocurrency has fallen by tens of percent. Today, for the first time in a long time, a tilt can be seen. But that tilt is not yet very convincing. In short, it can still be exciting whether you are warm with your Bitcoin for Christmas or not.

Bitcoin is up about five percent in 24 hours at the time of writing. But that’s only a small increase when you look at the big picture. In the big picture, Bitcoin is down about 30 percent. In short, a lot still needs to be done for Bitcoin to recover. It all started last night when we were still on one ear. Then the coin jumped up a few percent. At that level, Bitcoin has remained throughout the day.

The cryptocurrency does not really break through yet. The price is at $48,700 on Coindesk at the time of writing. Only when the 50k is broken, and with some conviction, only then can you really speak of a turning point. Light at the end of the Bitcoin tunnel is in sight, but no one knows how long this tunnel is.