Somewhere within last year, Bitcoin could rise as high up to almost $19,000 and this massive rise stirred up the interest and enthusiasm of investors. Few weeks later, Bitcoin began to experience gradual drop in price and now struggling to regain the position of the almost $19,000.
The question is: What is causing the drop in BTC? is Bitcoin ever going to regain that position and even beyond again? and if yes, when?(prediction)
I mean when the price went from 10k to 19k it was pretty fast so a price correction had to happen. Also a lot of people cashed out at the end of the year and another issue was the snowball effect of sellers lets say it was 19k, next day 17k a lot of users panic and sell causing it to go even lower. As for will it ever reach back to 19k? No one knows but since Bitcoin is gaining more and more attention by the day, and blockchain technology is gaining a lot of popularity then Idk I feel like a new all time high can be reached this year!