over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
I think we got to the saturation point "10,000$ for 1 bitcoin". The Bitcoin trading market has imposed this point since the last correction/ crashing.
We will see the price of the Bitcoin swinging up and down over this point "lower price 8000$ and upper price 12,000$".
The fast-profit fever of Bitcoin and the news like that which gives the market a fake rose has ended.
Bitcoin needs things like the lightning Network [LN] to return to insane heights
I'm sure bitcoin will continue to grow throughout the year. 12000 this is not the limit. I do not see signs of recovery in the world economy. This means that the capital will look for a safe place. Whales buying coins from the time of the fall. They will definitely sell their bitcoins for $ 25,000+. This will trigger the next candle.