Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.
These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.
Yes and now the price is around 890$ and I am a bit upset and I always thought that the price would go in up direction only. Anyways hoping the price soon reaches 1000$ at least
and that's what makes you upset, you've been expecting that the price value of bitcoin will only go higher and it seems you didn't think about the other thing that could be possible to happen especially the price these past few days this is what we call risks because we don't even know what will happen after a while . well all of us are hoping that sometime soon bitcoin will hit $1000 again .