Bitcoin for the past few months have not been spiking again as we experienced in 2017, the price has not gone beyond 12k, my question is that is the price now stabilizing?.
Yes the price of bitcoin has stabilized and even if there are huge dumps the price recovery is fast. This stability in value is a sign that the bearish market is already over and it is a go signal to start buying again. At this point of time more traders are going into the market and will start to buy bitcoins. Eventually the result is that bitcoins price will start to increase from this point of time.