The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
I doubt it can go that much low anymore. I mean it still can but I doubt it will happen, I believe for a while it will stay around these levels before going up again. As per some expert's analysis bitcoin market is just copying exactly what happened in 2014 after hitting $1200 for the first time. This makes me worried a lot.
People are forgetting that going back to $20k is really hard however getting bitcoin down to $4k or lower is actually harder, you need billions of dollars or some sort of manipulation/speculation that could rock the crypto space, like USA bans all crypto related stuff type of big, either that or billions of dollars. I doubt anyone would do neither of those two just to get bitcoin price under $4k. Considering this, I think we are at a safe spot, the price is good to buy because it is really hard for it to go further down.