Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?
As much as the parabolic rise of bitcoin is not sustainable in the long run, this crypto bloodbath will not last that long in my view. After the Chinese New Year, our Asian brothers will again bought bitcoin and cryptos. Those regulations have only short term effect, they can't really stop this revolution.
I'm very optimistic this coming February. I'm seeing that there will be ONE good news that will tip all this negative sentiments into another bull run.