So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.
Crashes and corrections can take months to years to recover. I hope it doesnt take years, but it would not surprise me at all if it took the rest of the year to get back to around $20,000 per Bitcoin.
Would agree with this. When BTC reached its ATH it was excessively over valued at that time, it was all pure hype that powered it. One time investors mostly, that maybe cashed out made some profit and aren't looking back at btc now.
Now I am going to assume we see more gradual rise, like it always happens along with the corrections and drops after every few thousand dollars.