Just wondering what everyone's opinions are on what's needed for Bitcoin to recover and another bull run to occur? I'm very bullish in the long term but I personally don't see a recovery happening in the near future (although I might be wrong!).
This the problem to some of the folks out there. Just because price suffers a continous downtrend for several months, people will assume that there is no recovery that will happened in a near future. Remember the situation way back $500 price level? No one ever wondered that a tremendous pump that will reached to considered dream price back then will happened. That's how unpredictable price movement is.
I think we're going to have to go to the depths of hell in order to get a super strong bounce to move forward ($5K mark........maybe $4K mark).
I don't understand why going back to $5,000 or $4,000 price will be a hell.
That was a good price after all if you know and understand what I meant here.
