![45532343-1949-4ECF-9A5C-E1007B1E67E0.jpeg](https://images.hive.blog/DQmNZxGRG58XeXmo3cHBL3WLhK4SxngTHRUYAqFcY9YAYme/45532343-1949-4ECF-9A5C-E1007B1E67E0.jpeg)


As an avid observer of the cryptocurrency market, I can’t help but marvel at the recent market actions. In my previous posts, I made analysis on the local support levels of both Bitcoin and Hive. It’s amazing to see that my speculations have come to pass.

When I wrote my post, [“New price floors confirmed,”](https://leofinance.io/@mistakili/new-price-floors-confirmed) the price of Bitcoin was barely touching $24k, and we were confirming a strong support level at $22k. Fast forward to today, BTC has tested $25k multiple times and has found a local support at $24k. It’s fascinating to witness the resilience of this digital asset, even in the face of global economic uncertainties.

On the other hand, the price of Hive has been on a steady climb, testing $0.6 on multiple occasions with strong support at $0.40. As I predicted, anything below $0.45 Hive was an accumulation range, and it’s pleasing to see that sentiment still holds up as Hive continues to rise in value, presently at $0.48. 

![E3C4777E-CE86-4042-ADD0-E077E6778D56.jpeg](https://images.hive.blog/DQmP6P14FK7F8ZanhoBCBZF7M5E5kikGaAAKPSK66pZQRvj/E3C4777E-CE86-4042-ADD0-E077E6778D56.jpeg)

However, what I’m eagerly waiting for is a new price floor at $0.5, which I believe is within reach.

In my previous post, I mentioned that the $0.4 range would get boring quickly, and that’s exactly what’s happening now. It’s time for Hive to break new ground, and I’m confident that it will.

Of course, the market always has its surprises, and there’s a rumor going around that the recent BTC pump to $25k was orchestrated by the Chinese. While there’s no way to confirm the validity of this claim, one thing is for sure: there’ll always be creative reasons that explain why the market is moving the way it is, even when it’s wrong.

 However, I believe that this market action has been a long time coming, regardless of who or what is responsible.  In the post [“Wen new price floor,”](https://leofinance.io/@mistakili/wen-new-price-floor)I anticipated that there would be a new price floor for Hive, and I’m thrilled to see that my prediction is coming true. I also predicted that the market would continue to experience growth and that we’d see new price floors for both Hive and Bitcoin.

The cryptocurrency market is always unpredictable, but as an investor, it’s essential to stay informed and be patient. My previous posts were a forecast of what to expect, and it’s exciting to see those predictions come to fruition. As we continue to navigate the market, I’m confident that we’ll see new price floors for both Hive and Bitcoin, and I can’t wait to see where this journey takes us. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/wen-new-price-floors-pt-2)