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Bitcoin Just Hit an All-Time High, but Is the Cryptocurrency a Buy?
What a year it's been for Bitcoin (CRYPTO: BTC) so far. The world's top cryptocurrency hit an all-time high of $109,000 in January and then fell to as low as $75,000 in April. Now, it has recovered and just hit a new all-time high of $112,000 on May 22.Unsurprisingly, many investors are confused about where Bitcoin is headed next. Will it continue to soar higher? Or is it overvalued, and ready for another market correction?One reason for all this confusion is that investors don't really know what to make of Bitcoin. Cryptocurrency is confusing enough, and Bitcoin doesn't make it any easier.Continue reading
What a year it's been for Bitcoin (CRYPTO: BTC) so far. The world's top cryptocurrency hit an all-time high of $109,000 in January and then fell to as low as $75,000 in April. Now, it has recovered and just hit a new all-time high of $112,000 on May 22.
Unsurprisingly, many investors are confused about where Bitcoin is headed next. Will it continue to soar higher? Or is it overvalued, and ready for another market correction?
One reason for all this confusion is that investors don't really know what to make of Bitcoin. Cryptocurrency is confusing enough, and Bitcoin doesn't make it any easier.
