Will BTC rebounce to $40 K or Higher

Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According to data from crypto research firm Messari, Bitcoin’s real 24-hour trading volume is about $22.3 billion. https://cointelegraph.com/news/bitcoin-real-daily-trading-volume-tops-22b-as-btc-price-recovers

The price of bitcoin is still above 30 K. This shows that bitcoin is currently a sought-after asset. The price of bitcoin that reaches above 40 K makes everyone interested in owning bitcoin. Maybe a lot of bitcoin owners who used to get only a few dollars sold it now see the profits they make.

Just imagine if you got bitcoin in the early years of bitcoin with a value below 1 dollar then now it becomes 30 K dollars. Of course, you will be tempted by the value you have and will sell some of it. This is natural. It is very likely that bitcoin will start moving into the hands of the rich if the owner of the bitcoin sells it now.

After dropping to 33K today, whether bitcoin will go up again to 40K. That possibility is very high because big players started to collect bitcoin as there are many central banks printing too much money for stimulus due to the Covid crisis.

Bitcoin will go back up and possibly pass the highest record price ever passed. Do you want to buy bitcoins? Buying bitcoin requires a lot of cash for small and medium-sized investors. There are other options for coins that are expected to skyrocket in price. Litecoin which was below 100 dollars a few months ago is now over 120 dollars.

Buy bitcoin now or not? If I prefer to buy alternative coins instead of buying bitcoin, which may soon break 50 K dollars.

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