Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.
Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.
One Good Post:
why is Bitcoin price stagnant?What is happening in the Bitcoin world? What is the near-term price forecast for Bitcoin?
There is a big difference between a prediction and speculation, a prediction has some basis in reality while what most investors do is nothing but to speculate a price is going to reach a certain level and yet they have no evidence for it, so nothing is happening in bitcoin, except the fact that many people are experiencing the first bear market of their lives and they have no idea how to deal with it.