Bitcoin recovers but is still in the side channel. Bitcoin reached its all-time high on March 14 of this year at $73,737.94 but since then it seems that we are in a kind of side channel that goes from 60K to 70K. Sometimes there is news that is considered positive that makes it go to the upper part of the channel and sometimes there is news that is considered negative that makes it go to the lower part of the channel.
This may seem more like a consolidation of levels than anything else. Which would lead us to have an upward exit at some point this year. The most obvious question is how far the bullish rally could go. I really have no idea but owning Bitcoin is always a guarantee.
I am more worried about Hive, which I think is clearly bearish due to all the controversies in the chain. My opinion is that sooner or later it will open a fork of the chain or else it will end up dying.
In the end, when everyone believes that the apple is theirs, the apple ends up rotting.
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