With bitcoin rising again, will it take long for it to be stable again?
Slowly growing? Its price was at $5800 just five days ago and at some point it has again touched the line of $9000, that is, an increase of more than 50% in less than a week, this is called "slow growth"? I think sometimes people tend to lose the true perspective of things in their eagerness to become millionaires overnight. I think that bitcoin has grown rapidly this week, especially if we take into account the fateful forecasts that hovered around the market.
You are calling out extremes, the low price wasnt seen for long. Not many people trade at these quick low or high points. How many here traded at 20,000 wont be many as it was a fairly quick top.
After the pullback, the rate of change has slowed some. Thats only relative to Bitcoin or crypto which is far more rapid then normal Forex I agree but then Forex has a base founded in possibly billions of people.
Change slowed as we change trend I think. We did have a trend of decline for a while but I think we are roughly going sideways and maybe evening out prices between buyers and sellers over time. Probably this continues for February regardless of various people bearish or bullish sentiment, the market lacks consensus at the moment or momentum