Its a huge disappoinment to all investor if bitcoin price will decline more, many of us expect that bitcoin will reach the highest peak before to end of this month ,but it seems not to happen based on the current risky scenarios. Thus, we still have 4 months to acquire and fullfill the satisfaction amount of the asset.
It will be a big disappointment only to those who want to see it as a big disappointment. Apparently, they did not take into effect that the market is extremely volatile and some could have bought at the overbought FOMO price just because they want to get rich quickly and now suffering from the retrace. Those who are so focused on the long term situation of things will prefer it to come down so they can buy more and that to me is an opportunity for smart investors.
There are still some people out there that seem to think that a bull market could still emerge this year. In my opinion, that is just completely and utterly unlikely. There is no hype surrounding ETFs anymore, despite what some people may tell you.
You need to be a God to predict the exact future of bitcoin. Did you predict this fall of bitcoin well before the start of this year ? I believe not just you, no one was able to predict similarly you cannot say "unlikely", there must be "anything may happen" that alone most appropriate one.
The pump that we had a few weeks back was obviously a bull trap looking at this stage, which I expected.
Not just bull trap, if you notice even bears are also getting trapped in this high volatile markets. But overall, it is a range bounded one and may break into upper side as per the past.