In the last 24 hours, the BTC (Bitcoin) has experienced a sharp increase by touching 38,429. 23 dollars, this recent movement of the BTC beyond the interpretations of fundamental analysts, who have related this increase with the fact that Elon Musk has added the word Bitcoin to his Twitter biography, since 30 minutes after updating his biography the BTC rose an estimated 14%, now, from my perspective and as I had indicated in the previous two entries, the BTC after touching the 42 thousand dollars entered a strong correction to get support around 30 thousand dollars, since then it has been making a range of accumulation.

Consequently, it should be noted that these market cycles currently exhibited by the BTC are precisely the ideal moments to take a position, and to be able to capitalize resources in the subsequent price movements, therefore, there is a high probability that the BTC during the month of February will repeat this cycle of movements, before continuing its upward growth in search of new highs.

I had also mentioned that a favorable element for those of us who trade cryptocurrencies such as HIVE, is that this cycle of movements in which BTC is currently in, is making altcoins investors feel optimistic, and more so in this constant and regular behavior of BTC over 33 thousand dollars.

[1] Thomson G. Elon Musk adds 'Bitcoin' to Twitter bio with 43.7M followers. News: Cointelegraph. January 29th, 2021. Article: Online access

[2] Finneseth J. Altcoins soar after 10% Bitcoin price breakout flips $33K back to support. News: Cointelegraph. January 29th, 2021. Article: Online access