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#BTC上涨至$50K，大牛市即将到来？ 🚀 Why is the price of Bitcoin rising?
Last night, Bitcoin reached $50,000, the level of December 2021. The highest BTC for 24 hours is $50,358 and the lowest is $47,742.
Against the backdrop of the decline in the outflow rate of the SpotBitcoin ETF GBTC and the completion of the sale of the Miner, Bitcoin shows positive dynamics.
Moreover, Bitcoin is approaching a Halving. Halving helps BTC update its absolute maximum. The incident led to a shortage of Crypto Assets in the market. The demand remains the same.
The Bitcoin rainbow chart shows how expensive (red zone) or cheap (blue zone) the coin is in each time period. Notice how BTC rushes into the red zone and updates its absolute maximum after each Halving.
🔥 #Bitcoin #BTC #ETF #HotTopicDiscussion #SOLS