We filled the FTX gap as Bitcoin hits $23k, now let's do the LUNA gap
Luna and FTX crashes both delivered a huge gut punch to the entire crypto market and they both cause a lot of chaos last year, which made the price of Bitcoin drop as low as $15.4k, Luna ushered in the chaos, crash in project prices, and it led the way to all the misfortunes that affected the entire crypto market early last year in March, Luna's crash caused a lot of crypto exchanges and lending firm to bite the dust, while FTX collapse and filing for bankruptcy were what tanked the value of bitcoin to $15.4k.
But in the last few days, Bitcoin has been performing extremely well, it has recovered a lot this new year and there seems to be no stopping the massive pump that we are currently witnessing, now FTX collapse and bankrupt cause a huge price gap which has been filled as the price of Bitcoin has pumped from $19k to $23k and is heading for $25k, the next gap region for Bitcoin to cover is the Luna gap around $40k.
Bitcoin is resilient and is recovering nicely, as it has filled the gap created by the FTX collapse which is the same way it will fill the gap created by Luna and it will continue to fill any gap created by the mismanagement of any altcoin/failed project or failed crypto exchange. Bitcoin struggles are necessary if you think about it helps to eliminate the weak hands and the paper hands so Bitcoin can go on a proper bull, which they will FOMO back in and pump in more money into the crypto market causing the price to pump even higher as the demand will be very high. Halving is a great pump catalyst that is incoming, we all should be ready to smile and If Bitcoin continues to pump, there is every possibility that the bull run will start before the next halving. So Let us watch and see how everything goes.
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Bitcoin is performing well lately and it will continue to feel more gap that was left by the bankrupt, this is so true. Because the Market is taking a new turn.
Yes buddy