Bitcoin rules the cryptocurrency world and is a household name for many crypto investors. It is the largest cryptocurrency in the world and has maintained a steady level of around $39,000 to $45,000 this year post recovery in 2023 and a stormy season in 2022. Investors hope that Bitcoin will regain its level of more than $60,000 in the coming time amid strong macroeconomy and positive inflation data. 

This guide by Forbes Advisor India explains if investors should run a mile or have hopes in the coin when Bitcoin was trading at 50% lesser than its highest peak at the beginning of the year. However, looking at the market now, BTC has upped its game and is trading at $42,917 as of Feb. 7, 2024. Let’s take a deeper look at it.