We have seen Bitcoin pushed through the $50,000 region again and so far it has settled at around the $49,500 mark which is something exciting to see. Let's just hope that it can maintain this region and then begin to rally upwards to a new level of $52,000 in order for us to then see a push or perhaps a sustenance at $55,000 which will be a great milestone to see next.

I believe this moves in Bitcoin has also inspired HIVE to find some boost in value in the past few days as it's currently trading at $0.98, which is a 54.4% increase from it's trading price in the last twenty-four (24) hours. This is undoubtedly a great news for every Hiveians and t gives plenty of hope that there's still a lot to happen in the cryptosphere and most especially with Hive.

If we are to see a sustained level of price action in the next few weeks, then this will be very important for Hive and the entire cryptosphere in general. It might be that Bitcoin has done all it can for now or it might just be able to build on these new levels and then go higher, likewise the same for HIVE. Many of the fundamentals are looking very good indeed it could be that the cryptosphere might be entering a new bull cycle. But my bet is that HIVE would most likely still sink back a little to $0.7ish price before we can then begin to see a maintained price action.